OSK
Oshkosh Corporation
OSK's fundamentals are mixed: free cash flow grew 29%, but its operating margin fell 2 points to 6.8%. At 18x earnings, it's trading above its usual 15x. Analysts expect strong earnings growth, though they disagree widely on how much.
OSK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Strong |
OSK's cash flow and balance sheet are currently healthy, and its revenue and profitability are stable.
OSK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $83.08 | -41% |
| Forward | 12x | $140 | — |
| Fair | 15x | $118 | -16% |
| Current | 18x | $140 | — |
| Expensive | 23x | $182 | +30% |
Historical ranges are pointers, not guarantees.
OSK's PE is in its expensive range at 18x. If earnings grow as analysts expect, today's price would be 12x next year's earnings, in its cheap range.
OSK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for OSK, with profitability improving. However, they disagree widely on these estimates.
OSK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.69 | +48% |
| Q3 2026 | $7.92 | -23% |
| Q2 2026 | $8.74 | -12% |
| Q1 2026 | $8.98 | -4.1% |
| Q4 2025 | $10.02 | -3.2% |
| Q3 2025 | $10.25 | -0.5% |
| Q2 2025 | $9.96 | -3.7% |
| Q1 2025 | $9.36 | -10% |
| Q4 2024 | $10.35 | +14% |
OSK earned $7.92 per share over the past year, down 23% from the year before.
OSK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.8B | +5.7% |
| Q2 2026 | $2.9B | +6.7% |
| Q1 2026 | $2.3B | +0.2% |
| Q4 2025 | $2.7B | +3.5% |
| Q3 2025 | $2.7B | -1.9% |
| Q2 2025 | $2.7B | -4% |
| Q1 2025 | $2.3B | -9.1% |
| Q4 2024 | $2.6B | +5.3% |
OSK's revenue has grown year over year for four quarters in a row: $2.8B last quarter, up 5.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.9% | -2.7 points |
| Q2 2026 | 8.3% | -2.3 points |
| Q1 2026 | 3.5% | -4 points |
| Q4 2025 | 7.9% | -0.7 points |
| Q3 2025 | 9.7% | 0 points |
| Q2 2025 | 11% | +1.5 points |
| Q1 2025 | 7.6% | -2.6 points |
| Q4 2024 | 8.6% | -0.1 points |
OSK's operating margin was 6.9% last quarter, down 2.7 points from the same quarter a year ago.
OSK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $274.7M | -39% |
| Q2 2026 | $347.6M | +896% |
| Q1 2026 | -$189.1M | +$246.1M |
| Q4 2025 | $540.3M | -23% |
| Q3 2025 | $450.1M | +65% |
| Q2 2025 | $34.9M | +$285.4M |
| Q1 2025 | -$435.2M | +$20.7M |
| Q4 2024 | $703.3M | +84% |
OSK generated $974M in free cash flow over the past year, up 29% from the year before.
OSK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -502K shares |
| 1 year | -3.6% | -2.3M shares |
| 3 years | -5.6% | -3.7M shares |
| 5 years | -10% | -7M shares |
| Available history | -9.7% | -6.7M shares |
OSK has 62M diluted shares, down 3.6% from a year ago, with $340M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $82.4M |
| Q2 2026 | $91.6M |
| Q1 2026 | $47.3M |
| Q4 2025 | $118.7M |
| Q3 2025 | $90.6M |
| Q2 2025 | $40M |
| Q1 2025 | $28.7M |
| Q4 2024 | $50.4M |
OSK spent $340M buying back its own shares over the past year, up 62% from the year before.
OSK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 0.6x | Very low |
OSK's net debt is less than a year of its operating earnings (EBITDA).
OSK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.8 | Neutral |
| Stochastic | 45.5 | Neutral |
OSK's weekly RSI is 50 (neutral) and its Stochastic is 45 (neutral).
OSK PE vs Industrials Sector
| Metric | OSK | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 69 | 58 | 11 pts above |
OSK is trading at 18x earnings, a 26% discount to the Industrials sector's median of 24x.
OSK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $133.2 | 5.4% above |
| 20 week MA | $143.2 | 2% below |
| 50 week MA | $144.3 | 2.7% below |
| 100 week MA | $128.5 | 9.3% above |
| 200 week MA | $114.3 | 23% above |
OSK's trend is mixed: it's above three of its five weekly moving averages, and 23% above its 200-week average.
OSK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $94.9 | $85.6 | -9.8% |
| 2021 | $85.6 | $110.2 | +29% |
| 2022 | $110.2 | $87.4 | -21% |
| 2023 | $87.4 | $108.4 | +24% |
| 2024 | $108.4 | $94.4 | -13% |
| 2025 | $94.4 | $130.6 | +38% |
| 2026 YTD | $130.6 | $140.4 | +7.5% |
OSK has finished lower in three of the last six years. It's up 7.5% so far in 2026.