Oshkosh Corp OSK

Morningstar Rating
$143.66 −3.06 (2.09%)
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Company Report

Oshkosh Lifting Itself to New Heights

Oshkosh is a leading designer and manufacturer of niche small and medium-sized machines and other vocational vehicles that aid its customers in conducting various forms of work across construction sites, factories, airports, and municipalities. The company holds leading market shares in most of its categories, thanks to a strong portfolio of brands and highly engineered products. Historically, its market-leading JLG aerial work platform business (the “Access” segment) has been the strongest performer, though also the most cyclical given its end market exposures (largely construction and other job sites). The Vocational and recently rebranded Transport segments are focused more on municipal and government customers and have historically had more resilient demand.

Price vs Fair Value

OSK is trading at a LOCK|?^!wX@ premium.
Price
$143.66
Fair Value
>JL
Uncertainty
LOCK|h^
1-Star Price
LOCK|D.v
5-Star Price
LOCK|B.<$
Economic Moat
LOCK|Vbbs
Capital Allocation
LOCK|^<byl>v

Bulls Say, Bears Say

Bulls

JLG could gain further market share and realize more pricing power.

Bears

The equipment rental companies (highly concentrated customers of the Access segment) perpetually squeeze JLG’s margins.

Trading Information

Previous Close Price
$146.72
Day Range
$142.81147.88
52-Week Range
$116.77180.49
Bid/Ask
$135.82 / $152.50
Shares Outstanding
62.35M
Market Cap
$8.96B
Volume/Avg
1M / 733,159

Key Statistics

Price/Earnings (Normalized)
14.78
Price/Sales
0.88
Dividend Yield (Trailing)
1.50%
Dividend Yield (Forward)
1.59%
Total Yield
4.81%

Company Profile

Oshkosh is a leading maker of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, including postal, firefighting, refuse/recycling collection, aviation, and construction. It is typically the market share leader or No. 2 player in North America, or even the global leader in the case of its JLG aerial work platform business. The transport segment is a leading provider of light trucks to the military and vehicles to the Postal Service. The vocational segment, featuring brands such as Pierce, AeroTech, and Volterra, offers purpose-built vehicles and equipment to municipalities. The company reports three segments—Access equipment (45% of revenue), Vocational (35%), and Transport (20%) on 2025 revenue of $10.4 billion.
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Stock Style Box
Small Core
Total Number of Employees
18,400

Competitors

Valuation

Metric
OSK
TEX
CAT
Price/Earnings (Normalized)
14.7812.8543.21
Price/Book Value
2.011.5421.73
Price/Sales
0.880.815.84
Price/Cash Flow
10.1212.6331.19
Price/Earnings
OSK
TEX
CAT

Financial Strength

Metric
OSK
TEX
CAT
Quick Ratio
0.800.790.72
Current Ratio
1.631.841.35
Interest Coverage
7.101.7024.43
Quick Ratio
OSK
TEX
CAT

Profitability

Metric
OSK
TEX
CAT
Return on Assets (Normalized)
6.17%5.31%10.32%
Return on Equity (Normalized)
13.79%14.36%49.08%
Return on Invested Capital (Normalized)
12.18%9.55%16.34%
Return on Assets
OSK
TEX
CAT

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