OSK

MKT CAP:$9B

Oshkosh Corporation

Market Cap

$9B

Industrials·Agricultural - Machinery·🇺🇸 United States·NYSE

Industrials·Agricultural·🇺🇸·NYSE

Stock Price

$148.96+$16.74 (+12.66%)

Apr 22, 2026

Company Details

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, inst...

CEO

John C. Pfeifer

IPO Date

Oct 2, 1985

Website

www.oshkoshcorp.com

Key Metrics TTM

Revenue

$10.4B

-2.9% YoY

Net Income

$647M

EPS (Diluted)

$10.02

Free Cash Flow

$604M

Revenue / Share

$20.57

Gross Margin

17.5%

Operating Margin

9.0%

Net Margin

6.2%

FCF Margin

5.8%

P/S

0.9x

P/E

14.6x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 17, 2026

$10.4B-2.9%EPS $10.02

Q4 2025

Feb 17, 2026

$2.7B+3.5%EPS $2.10

Q3 2025

Oct 29, 2025

$2.7B-1.9%EPS $3.04

Q2 2025

Aug 1, 2025

$2.7B-4.0%EPS $3.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.9B	$201M	$29M
Q2 22	$2.1B	$240M	$69M
Q3 22	$2.1B	$279M	$107M
Q4 22	$2.2B	$334M	$166M
Q1 23	$2.3B	$334M	$131M
Q2 23	$2.4B	$425M	$235M
Q3 23	$2.5B	$468M	$257M
Q4 23	$2.5B	$454M	$215M
Q1 24	$2.5B	$470M	$260M
Q2 24	$2.8B	$546M	$261M
Q3 24	$2.7B	$506M	$266M
Q4 24	$2.6B	$447M	$224M
Q1 25	$2.3B	$400M	$175M
Q2 25	$2.7B	$525M	$292M
Q3 25	$2.7B	$471M	$260M
Q4 25	$2.7B	$424M	$212M

Valuation

Quarter	P/S	P/E
Q1 22	1.2x	30.6x
Q2 22	1.2x	78.0x
Q3 22	1.2x	104.3x
Q4 22	1.1x	54.2x
Q1 23	1.1x	35.6x
Q2 23	1.1x	22.8x
Q3 23	1.0x	17.5x
Q4 23	1.0x	15.8x
Q1 24	0.9x	13.7x
Q2 24	0.9x	13.8x
Q3 24	0.9x	13.9x
Q4 24	0.9x	13.8x
Q1 25	0.9x	15.3x
Q2 25	0.9x	14.5x
Q3 25	0.9x	14.1x
Q4 25	0.9x	14.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$329M	$301M
Q2 22	-$352M	-$439M
Q3 22	$161M	$110M
Q4 22	$463M	$349M
Q1 23	$80M	-$32M
Q2 23	-$126M	-$145M
Q3 23	$167M	$68M
Q4 23	$480M	$382M
Q1 24	-$356M	-$456M
Q2 24	-$211M	-$251M
Q3 24	$326M	$272M
Q4 24	$791M	$703M
Q1 25	-$395M	-$435M
Q2 25	$89M	$49M
Q3 25	$489M	$464M
Q4 25	$600M	$526M

Capital Expenditures

Quarter	CapEx
Q1 22	$28M
Q2 22	$87M
Q3 22	$51M
Q4 22	$114M
Q1 23	$112M
Q2 23	$18M
Q3 23	$98M
Q4 23	$97M
Q1 24	$100M
Q2 24	$40M
Q3 24	$54M
Q4 24	$88M
Q1 25	$40M
Q2 25	$41M
Q3 25	$25M
Q4 25	$74M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+3.0%	+9.6%
Q2 22	-6.5%	-0.4%
Q3 22	+0.2%	+0.0%
Q4 22	+23.0%	+14.9%
Q1 23	+16.6%	+11.5%
Q2 23	+16.8%	+9.1%
Q3 23	+21.4%	+15.0%
Q4 23	+11.9%	+10.5%
Q1 24	+12.2%	+6.9%
Q2 24	+18.0%	+18.7%
Q3 24	+9.2%	+9.8%
Q4 24	+5.3%	+5.5%
Q1 25	-9.1%	-6.4%
Q2 25	-4.0%	-5.6%
Q3 25	-1.9%	-1.9%
Q4 25	+3.5%	+4.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$7M	0.3%
Q2 22	$7M	0.3%
Q3 22	$9M	0.4%
Q4 22	$6M	0.3%
Q1 23	$7M	0.3%
Q2 23	$9M	0.4%
Q3 23	$10M	0.4%
Q4 23	$6M	0.3%
Q1 24	$9M	0.3%
Q2 24	$12M	0.4%
Q3 24	$9M	0.3%
Q4 24	$9M	0.3%
Q1 25	$8M	0.4%
Q2 25	$11M	0.4%
Q3 25	$10M	0.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 22	$169M
Q2 22	$168M
Q3 22	$166M
Q4 22	$159M
Q1 23	$199M
Q2 23	$185M
Q3 23	$202M
Q4 23	$224M
Q1 24	$197M
Q2 24	$220M
Q3 24	$226M
Q4 24	$209M
Q1 25	$211M
Q2 25	$213M
Q3 25	$196M
Q4 25	$198M

Revenue Segments

Quarter	Access Equipment	Commercial	Defense	Fire and Emergency	Vocational Segment	Corporate Segment and Other Operating Segment
Q1 22	$883M	$241M	$536M	$288M	—	—
Q2 22	$977M	$275M	$539M	$277M	—	—
Q3 22	$1.0B	$265M	$519M	$247M	—	—
Q1 23	$1.2B	—	$513M	—	$563M	—
Q2 23	$1.3B	—	$498M	—	$588M	—
Q3 23	$1.3B	—	$500M	—	$693M	—
Q1 24	$1.2B	—	$537M	—	$772M	—
Q2 24	$1.4B	—	$599M	—	$843M	—
Q3 24	$1.4B	—	$540M	—	$814M	$24M
Q1 25	$957M	—	$463M	—	$867M	$26M
Q2 25	$1.3B	—	$479M	—	$970M	$27M

Revenue by Geography

Quarter	E M E A	North America	Rest Of World	Emea	Other North America	United States
Q1 22	$93M	$1.8B	$83M	—	—	—
Q2 22	$91M	$1.9B	$79M	—	—	—
Q3 22	—	$1.9B	$93M	$105M	—	—
Q1 23	—	$1.9B	$116M	$224M	—	—
Q2 23	—	$2.1B	$126M	$231M	—	—
Q3 23	—	$2.1B	$123M	$250M	—	—
Q1 24	—	$2.2B	$108M	$192M	—	—
Q2 24	—	$2.5B	$111M	$214M	—	—
Q3 24	—	$2.4B	$120M	$204M	—	—
Q1 25	—	—	$89M	$302M	$94M	$1.8B
Q2 25	—	—	$79M	$262M	$102M	$2.3B
Q3 25	—	—	$83M	$276M	$92M	$2.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$945M	$0	$945M
Q2 22	$397M	$0	$397M
Q3 22	$475M	$0	$475M
Q4 22	$806M	$0	$806M
Q1 23	$539M	$0	$539M
Q2 23	$356M	$0	$356M
Q3 23	$106M	$0	$106M
Q4 23	$125M	$0	$125M
Q1 24	$70M	$0	$70M
Q2 24	$141M	$0	$141M
Q3 24	$161M	$0	$161M
Q4 24	$205M	$0	$205M
Q1 25	$210M	$0	$210M
Q2 25	$192M	$0	$192M
Q3 25	$212M	$0	$212M
Q4 25	$480M	$0	$480M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	66M	-2.3%	-4.2%
Q2 22	66M	-0.6%	-5.2%
Q3 22	66M	-0.4%	-4.9%
Q4 22	66M	+0.1%	-3.1%
Q1 23	66M	0.0%	-0.8%
Q2 23	66M	-0.3%	-0.5%
Q3 23	66M	+0.4%	+0.3%
Q4 23	66M	+0.1%	+0.2%
Q1 24	66M	+0.2%	+0.4%
Q2 24	66M	-0.4%	+0.3%
Q3 24	66M	-0.3%	-0.4%
Q4 24	66M	0.0%	-0.5%
Q1 25	65M	-0.9%	-1.6%
Q2 25	65M	-0.5%	-1.7%
Q3 25	65M	-0.4%	-1.7%
Q4 25	507M	+685.1%	+671.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$129.7K	15K
Q2 22	$137.7K	15K
Q3 22	$137.8K	15K
Q4 22	$146.9K	15K
Q1 23	$151.2K	15K
Q2 23	$160.9K	15K
Q3 23	$167.3K	15K
Q4 23	$142.6K	17K
Q1 24	$147.0K	17K
Q2 24	$164.6K	17K
Q3 24	$158.5K	17K
Q4 24	$99.9K	26K
Q1 25	$89.0K	26K
Q2 25	$105.1K	26K
Q3 25	$103.4K	26K
Q4 25	$103.4K	26K

Revenue / Employee