Oshkosh Corporation (OSK) Stock

Oshkosh Corporation (OSK) is a Consumer Discretionary stock trading at $143.61 (as of 2026-07-17), with a market capitalization of $8.95B and a trailing P/E of 15.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales. Its Defense segment provides heavy, medium, and light tactical wheeled vehicles and related services for the department of defense. The company's Fire & Emergency segment offers custom and commercial firefighting vehicles and equipment; and commercial fire apparatus and emergency vehicles, such as pumpers, aerial platform, ladder and tiller trucks, tankers, rescue vehicles, wild land rough terrain response vehicles, mobile command and control centers, bomb squad vehicles, hazardous materials control vehicles, and other emergency response vehicles. This segment also provides aircraft rescue and firefighting, snow removal, and broadcast vehicles, as well as command trucks, and military simulator shelters and trailers. Its Commercial segment offers front-and rear-discharge concrete mixers for the concrete ready-mix industry; refuse collection vehicles and related components to commercial and municipal waste haulers; and field service vehicles and truck-mounted cranes for the construction, equipment dealer, building supply, utility, tire service, railroad, and mining industries. Oshkosh Corporation provides its products through direct sales representatives, dealers, and distributors. The company was formerly known as Oshkosh Truck Corporation and changed its name to Oshkosh Corporation in February 2008. Oshkosh Corporation was founded in 1917 and is headquartered in Oshkosh, Wisconsin.

Understand Oshkosh Corporation: how it makes money

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies, earning money primarily by selling its Access Equipment (aerial work platforms and telehandlers, plus related services and financing) and its Vocational vehicles and related products.

The profit engine is the Access Equipment demand cycle, where equipment orders lead to segment sales, and additional revenue can come from related rental and financing activities tied to that equipment (through leases, fleet loans, and floor plan and retail financing arrangements).

Revenue by segment (latest quarter)
Access$1.3B
Vocational$0.9B

Business quality (Weak): Clear operating linkage is available through Access orders and sales, but the provided segment breakdown appears to cover Access and Vocational, while Defense is only shown in the operating KPI list, so segment-level coverage may be incomplete.

Valuation: At 17× earnings, OSK trades 15% below the Automobiles & Trucks average (20×). Note: one-time items can distort reported P/E.

Bull case

  • Access Equipment has a clear demand signal in reported orders: Orders (Access Segment) are 1.3 USD_B in the latest period.
  • Company generates diversified cash flows within Access Equipment: Access Equipment supports both equipment sales and additional monetization through rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements.

Bear case

  • Profitability is currently modest: In the latest reported period, gross margin is 13.5% and operating margin is 3.5%.
  • Segment coverage in the provided data may be incomplete: Defense segment sales are present in operating KPIs (0.59 USD_B), but Defense is not included in the provided segment revenue candidates, which can make it harder to reconcile the full mix from segments alone.
Valuation — source: SEC EDGAR (first-party)
Price$143.61
Market Cap$8.95B
P/E Ratio15.5
EV / EBITDA9.1
Price / Book2.00
Price / Sales0.86
FCF Yield9.7%
DCF Value (model)$158.07
DCF Upside vs Price10.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$10.42B
Net Margin6.2%
Revenue Growth (YoY)0.2%
FCF Growth (YoY)-56.5%
Financial Health — source: SEC EDGAR
Altman Z-Score3.29 (safe)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E15.5
Sector P/E (Consumer Discretionary)21.6
Industry P/E (Automobiles & Trucks)18.7
vs Sector-28.1%
vs Industry-17.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($1.11B)
Institutional Holders Tracked10
Congressional Trades (recent)3
Company
SectorConsumer Discretionary
IndustryAutomobiles & Trucks
CEOJohn C. Pfeifer
Employees18,000
CountryUS
IPO Date1985-10-02

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OSK earnings history · OSK institutional & insider holders · OSK KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.