OSK · Oshkosh Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $10.42B | $10.73B | $9.66B | $8.28B | $7.74B | $6.86B |
| Cost of Revenue | $8.60B | $8.76B | $7.98B | $7.23B | $6.52B | $5.74B |
| Gross Profit | $1.82B | $1.97B | $1.68B | $1.05B | $1.22B | $1.12B |
| R&D | $173.70M | $169.10M | $133.60M | $113.40M | $103.10M | $103.90M |
| SG&A | $818.70M | $852.40M | $810.40M | $662.80M | $666.50M | $620.60M |
| Total Operating Expenses | $879.50M | $958.70M | $843.20M | $682.10M | $676.10M | $631.60M |
| D&A | $224.10M | $200.10M | $159.90M | $107.60M | $104.00M | $104.20M |
| Operating Income | $939.50M | $1.01B | $837.60M | $372.30M | $544.70M | $488.70M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $191.50M | $210.00M | $190.00M | $97.50M | $25.20M | $112.80M |
| Net Income | $647.00M | $681.40M | $598.00M | $173.90M | $472.70M | $324.50M |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $479.80M | $204.90M | $125.40M | $805.90M | $1.38B | $582.90M |
| Accounts Receivable | $1.46B | $1.25B | $1.32B | $1.16B | $1.02B | $857.60M |
| Inventory | $2.38B | $2.27B | $2.13B | $1.87B | $1.27B | $1.51B |
| Accounts Payable | $1.07B | $1.14B | $1.21B | $1.13B | $860.40M | $577.80M |
| Current Assets | $5.17B | $4.53B | $4.48B | $4.53B | $4.42B | $3.54B |
| Total Assets | $10.07B | $9.42B | $9.13B | $7.73B | $6.89B | $5.82B |
| Current Liabilities | $2.66B | $2.99B | $3.09B | $2.43B | $2.15B | $1.59B |
| Long-term Debt | $1.10B | $599.50M | $597.50M | $595.00M | $818.80M | $817.90M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $4.53B | $4.15B | $3.71B | $3.19B | $3.25B | $2.85B |
| Retained Earnings | $4.88B | $4.37B | $3.81B | $3.31B | $3.13B | $2.75B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $783.40M | $550.10M | $599.60M | $601.30M | $1.22B | $327.30M |
| Investing Cash Flow | ($204.90M) | ($388.80M) | ($1.29B) | ($300.40M) | ($245.60M) | ($77.60M) |
| Financing Cash Flow | ($315.90M) | ($75.10M) | $3.40M | ($485.00M) | ($180.40M) | ($115.50M) |
| CapEx | $165.40M | $281.00M | $325.30M | $269.50M | $104.40M | $112.30M |
| Free Cash Flow | $618.00M | $269.10M | $274.30M | $331.80M | $1.12B | $215.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 17.5% | 18.4% | 17.4% | 12.7% | 15.8% | 16.3% |
| Operating margin | 9.0% | 9.4% | 8.7% | 4.5% | 7.0% | 7.1% |
| EBITDA margin | 11.2% | 11.3% | 10.3% | 5.8% | 8.4% | 8.6% |
| Net margin | 6.2% | 6.4% | 6.2% | 2.1% | 6.1% | 4.7% |
| Free cash flow margin | 5.9% | 2.5% | 2.8% | 4.0% | 14.4% | 3.1% |
| FCF / Net income | 0.96 | 0.39 | 0.46 | 1.91 | 2.36 | 0.66 |
| R&D / Revenue | 1.7% | 1.6% | 1.4% | 1.4% | 1.3% | 1.5% |
| SG&A / Revenue | 7.9% | 7.9% | 8.4% | 8.0% | 8.6% | 9.1% |
| Effective tax rate | 22.8% | 23.6% | 24.1% | 35.9% | 5.1% | 25.8% |
| Return on assets | 6.4% | 7.2% | 6.6% | 2.2% | 6.9% | 5.6% |
| Return on equity | 14.3% | 16.4% | 16.1% | 5.5% | 14.6% | 11.4% |
| Return on invested capital | 12.9% | 16.3% | 14.8% | 6.3% | 12.7% | 9.9% |
| Liquidity | ||||||
| Current ratio | 1.94 | 1.52 | 1.45 | 1.87 | 2.05 | 2.23 |
| Quick ratio | 1.05 | 0.76 | 0.76 | 1.10 | 1.46 | 1.28 |
| Cash ratio | 0.18 | 0.07 | 0.04 | 0.33 | 0.64 | 0.37 |
| Leverage | ||||||
| Debt / Equity | 0.24 | 0.14 | 0.16 | 0.19 | 0.25 | 0.29 |
| Debt / Assets | 0.11 | 0.06 | 0.07 | 0.08 | 0.12 | 0.14 |
| Debt / EBITDA | 0.95 | 0.50 | 0.60 | 1.24 | 1.26 | 1.38 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.22 | 2.27 | 2.46 | 2.43 | 2.12 | 2.04 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 1.03 | 1.14 | 1.06 | 1.07 | 1.12 | 1.18 |
| Inventory turnover | 3.62 | 3.87 | 3.74 | 3.87 | 5.14 | 3.81 |
| Days sales outstanding | 51d | 43d | 50d | 51d | 48d | 46d |
| Days inventory outstanding | 101d | 94d | 98d | 94d | 71d | 96d |
| Days payable outstanding | 46d | 48d | 56d | 57d | 48d | 37d |
| Cash conversion cycle | 106d | 89d | 92d | 88d | 71d | 105d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 1.8x | 1.5x | 1.9x | 1.8x | 2.2x | 1.8x |
| P / S | 0.8x | 0.6x | 0.7x | 0.7x | 0.9x | 0.7x |
| EV / EBITDA | 7.5x | 5.5x | 7.6x | 11.7x | 10.1x | 8.9x |
| Growth | ||||||
| Revenue growth (YoY) | -2.9% | 11.1% | 16.6% | 7.0% | 12.8% | 0.4% |
| Revenue CAGR (3y) | 8.0% | 11.5% | 12.1% | 6.6% | 7.2% | 0.1% |
| Revenue CAGR (5y) | 8.7% | 9.5% | 9.0% | 3.9% | 4.3% | 2.4% |
| Gross profit growth (YoY) | -7.6% | 17.2% | 59.4% | -13.6% | 9.0% | -26.2% |
| Operating income growth (YoY) | -7.0% | 20.7% | 125.0% | -31.7% | 11.5% | -38.7% |
| Net income growth (YoY) | -5.0% | 13.9% | 243.9% | -63.2% | 45.7% | -44.0% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 129.7% | -1.9% | -17.3% | -70.3% | 419.6% | -48.9% |
| FCF CAGR (5y) | 23.5% | -8.5% | -4.3% | 15.6% | 18.2% | - |
| Book value growth (YoY) | 9.1% | 12.1% | 16.3% | -1.9% | 13.9% | 9.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$7.32B totalAccess$4.42B · 60.4%
Vocational Segment$2.81B · 38.5%
Transport$67.00M · 0.9%
Corporate And Other$19.20M · 0.3%
Product / service
$10.32B totalAerial Works Platforms$2.19B · 21.3%
Defense Product$1.63B · 15.8%
Municipal Fire Apparatus$1.52B · 14.7%
Other Access Equipment$1.16B · 11.2%
Telehandlers$1.14B · 11.1%
Airport Products$975.30M · 9.5%
Refuse And Recycling Vehicles$743.90M · 7.2%
Other Vocational$491.50M · 4.8%
Delivery Vehicles$468.70M · 4.5%
Geographic
$4.49B totalUS$3.49B · 77.6%
EMEA$595.50M · 13.2%
Rest Of World$221.30M · 4.9%
Other North America$191.40M · 4.3%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Motor Vehicles & Passenger Car Bodies
Comparing OSHKOSH CORP against the 5 most active filers in the same SIC group.
Dividends
$2.16/share trailing 12 months · +11.3% YoY
| Ex-date | Per share |
|---|---|
| May 26, 2026 | $0.5700 |
| Feb 17, 2026 | $0.5700 |
| Nov 17, 2025 | $0.5100 |
| Aug 19, 2025 | $0.5100 |
| May 16, 2025 | $0.5100 |
| Feb 14, 2025 | $0.5100 |
| Nov 15, 2024 | $0.4600 |
| Aug 16, 2024 | $0.4600 |
| May 10, 2024 | $0.4600 |
| Feb 14, 2024 | $0.4600 |
| Nov 10, 2023 | $0.4100 |
| Aug 16, 2023 | $0.4100 |
| May 12, 2023 | $0.4100 |
| Feb 15, 2023 | $0.4100 |
| Nov 10, 2022 | $0.3700 |
| Aug 12, 2022 | $0.3700 |
| May 12, 2022 | $0.3700 |
| Feb 10, 2022 | $0.3700 |
| Nov 12, 2021 | $0.3700 |
| Aug 13, 2021 | $0.3300 |
| May 13, 2021 | $0.3300 |
| Feb 11, 2021 | $0.3300 |
| Nov 13, 2020 | $0.3300 |
| Aug 14, 2020 | $0.3000 |