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OSK

Oshkosh Corporation
$135.53
+1.97% Oct 21 close
IndustrialsS&P 400 Compare
-12%-1%+11%+22%+33%Oct 2025Oct 2026Apr 2026
OSKSPY
1W
+6.2%
1M
-5.5%
3M
-8.5%
6M
-7.9%
YTD
+9.1%
1Y
+0.9%

Live chart

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What they do

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Vocational, and Transport segment. The Access segment designs and manufactures aerial work platform and telehandlers for use in construction, industrial, and maintenance applications.

Industrials · Farm & Heavy Construction Machinery

For information only · Important disclosures

Grades vs sector

Momentum
48th percentile in sector
C
12-1 return: +6.1%
Percentile within its GICS sector across the S&P 1500.
Growth
37th percentile in sector
C-
Revenue growth (YoY): +6.7%
Percentile within its GICS sector across the S&P 1500.
Value
93rd percentile in sector
A
Forward E/P: 11.0% · EBITDA/EV: 12.2%
Percentile within its GICS sector across the S&P 1500.
Profitability
36th percentile in sector
C-
Profit margin: +5.2% · Return on equity: +12.4%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Moody’s upgrades Oshkosh to Baa2 on strengthening business mix and stable outlook
Investing.com · Oct 19

Key stats

Market value$8.4B
P/E (last 12 months)15.5
P/E (next 12 months, estimated)9.7
52-week range$116.77 – $180.49
Revenue growth (latest quarter vs a year ago)+6.7%
Dividend yield1.72%
Analyst consensusBuy (17)
Average analyst price target$163.48 (+21%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Looks undervalued
Model read-out from the numbers below, not advice. Score +3 (DCF counts double).
▲DCF (base case)above the price by 67%
▲Forward P/E vs sector9.7x vs median 17.1x
▼Piotroski F-score3/9
▲Net debt / EBITDA0.3x
▲Analyst target+21% (17 analysts)

Discounted cash flow

Bear
$146
+8%
growth 2% · disc. 11.6% · term. 2.0%
Base
$226
+67%
growth 7% · disc. 10.6% · term. 2.5%
Bull
$326
+140%
growth 10% · disc. 9.6% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price implies shrinking cash flows: about -1% a year for 10 years.
Implied
-1%/yr
FCF, last 3 yrs
+23%/yr
FCF, last 5 yrs
+24%/yr
Revenue, last 3 yrs
+8%/yr
Revenue, last 5 yrs
+9%/yr
Same inputs as the DCF above: trailing free cash flow 0.9B, 10.6% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-03-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.26 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)
sector median 26.4× · 13th pct
15.5×
cheaper
Forward P/E
sector median 17.1× · 10th pct
9.7×
cheaper
EV / EBITDA
sector median 14.8× · 6th pct
8.1×
cheaper
Price / sales
sector median 2.1× · 19th pct
0.8×
cheaper
Price / book
sector median 3.5× · 20th pct
1.9×
cheaper
FCF yield
sector median 4.5% · 86th pct
10.3%
cheaper

Forward EPS $14.03 vs trailing $8.73 (+61% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$12.2B
as of 2026-03-31
vs a year ago
-1%
YoY
× TTM revenue
1.17×
coverage
24-06
24-09
24-12
25-03
25-06
25-09
25-12
26-03

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
16.6%
Operating margin
8.1%
FCF margin
8.3%
Net margin
2.2%
Return on equity
5.1%
Return on invested capital
13.7%
Net debt / EBITDA
0.3×
Current ratio
1.6×
Interest cover
–
Cash conversion (OCF/NI)
4.4×
Piotroski F-score 3/9 · last two fiscal years
✓ Positive net income✗ Positive operating cash flow✗ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

Mean target
$163
+21%
Analysts
17
Buy
Range
$132–$197
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$10.4B–$618.0M
2024$10.7B–$269.1M
2023$9.7B–$274.3M
2022$8.3B–$331.8M
2021$7.7B–$1.1B
2020$6.9B–$215.0M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +8.0%.

Earnings

Next report: 2026-10-29 · before open · EPS est 3.06
24-1025-0125-0425-0825-1026-0126-0526-070.003.41
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-282.612.87+10.1%
2026-05-081.040.85-18.3%
2026-01-292.312.26-2.2%
2025-10-293.103.20+3.3%
2025-08-012.953.41+15.7%
2025-04-302.041.92-5.8%
2025-01-302.182.58+18.2%
2024-10-302.912.93+0.8%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$2.9B+6.7%
2026-03-31$2.3B–
2025-12-31$2.7B–
2025-09-30$2.7B–
2025-06-30$2.7B–
Analyst actions
Citigroup
2026-10-12 · main
Neutral → Neutral
PT $135
JP Morgan
2026-10-08 · main
Neutral → Neutral
PT $132
Truist Securities
2026-10-05 · main
Buy → Buy
PT $174
Evercore ISI Group
2026-08-11 · main
Outperform → Outperform
PT $182
JP Morgan
2026-07-29 · main
Neutral → Neutral
PT $150
DA Davidson
2026-07-29 · main
Buy → Buy
PT $176

Recent dividends

2026-08-13: $0.570 · 2026-05-26: $0.570 · 2026-02-17: $0.570 · 2025-11-17: $0.510 · 2025-08-19: $0.510 · 2025-05-16: $0.510 · 2025-02-14: $0.510 · 2024-11-15: $0.460
Insider trades
Pfeifer John C
Director · 2026-09-11
SELL
$116.7K
None
None · None
SELL
–

Stats refreshed 2026-10-21 18:28:57 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026