Company Overview
Oshkosh Corporation functions as a global manufacturer of purpose-built vehicles and equipment, serving diverse sectors through its Access, Vocational, and Transport segments. The Access segment specifically focuses on designing and manufacturing aerial work platforms and telehandlers utilized in construction, industrial, and maintenance operations. Operating within the Industrials sector and classified under the Farm & Heavy Construction Machinery industry, the company leverages this classification to target buyers requiring specialized heavy machinery for infrastructure and agricultural applications. The corporation currently holds a market capitalization of $8.79B and generates annual revenue of $10.42B while employing a workforce of 18400 individuals. These valuation and revenue figures indicate a substantial mid-to-large-cap enterprise with significant operational scale, positioning Oshkosh as a major player capable of influencing market dynamics within its specific niche of heavy equipment manufacturing.
Financial Health
The company reported revenue of $10.42B, net income of $647.00M, and EBITDA of $1.18B during the trailing twelve months. The substantial gap between the $10.42B revenue and $647.00M net income reveals a significant cost structure where operating expenses, including cost of goods sold and administrative costs, consume approximately 93.8% of total revenue before reaching the bottom line. Free cash flow stands at $243.72M, which indicates that the company generates sufficient cash from operations to cover capital expenditures and maintain financial flexibility for future investments or debt servicing. Gross margin is reported at 17.5%, operating margin at 7.9%, and profit margin at 6.2%; these figures suggest that for every dollar of sales, the company retains a relatively thin slice of profit after covering production costs, operational overhead, and taxes. On the balance sheet, total cash of $479.80M is lower than total debt of $1.38B, and the debt-to-equity ratio is 30.42, indicating a leveraged balance sheet where the company relies on borrowed capital to finance its operations and asset base. Despite the leverage, the current ratio of 1.94 suggests a conservative liquidity position, meaning the company holds nearly double the liquid assets required to cover its short-term liabilities. Return on Equity is 14.9% and Return on Assets is 6.1%, metrics that reveal management is generating nearly 15 cents of profit for every dollar of shareholder equity and 6 cents for every dollar of assets employed.
Valuation Assessment
The trailing P/E ratio is 14.00 while the forward P/E is 9.80, and the difference between these figures implies that the market expects earnings growth or a significant improvement in profitability in the upcoming year relative to current performance. The price-to-book ratio is 1.94, which indicates that the market values the company at nearly twice its net asset value, suggesting a premium assigned to its brand, intellectual property, or future growth potential beyond the tangible book value. Alternative valuation metrics include a price-to-sales ratio of 0.84 and an EV/EBITDA of 8.22; these figures suggest the company trades at less than one dollar of market value for every dollar of sales and is valued at approximately 8 times its earnings before interest, taxes, depreciation, and amortization. The 52-week high is $180.49 and the 52-week low is $76.82, providing a range within which the stock has traded over the past year. Without the specific current share price listed in the provided facts, the precise percentage distance from the 52-week high cannot be calculated, but the wide range between $76.82 and $180.49 demonstrates significant price volatility within the annual cycle. The beta value is 1.35, which means the stock exhibits higher price volatility relative to the broader market, tending to move 35% more than the overall market index during periods of fluctuation.
Growth & Income
Revenue growth year-over-year is 3.5% while earnings growth year-over-year is -10.1%, indicating that earnings are currently growing at a slower rate than revenue and are, in fact, declining. This divergence suggests that while top-line sales are expanding, underlying profitability is under pressure, potentially due to rising input costs, pricing challenges, or one-time expenses impacting the bottom line. Regarding income, the company offers a dividend yield of 1.6% with a payout ratio of 20.4%. This payout ratio is generally sustainable given the company's earnings, as the corporation retains the vast majority of its profits to reinvest in the business rather than distributing them entirely to shareholders. The overall growth and income profile presents a scenario of moderate top-line expansion coupled with a contraction in earnings and a modest, sustainable dividend yield that reflects a balance between shareholder returns and capital retention.