NYSE : OSK
Oshkosh Corporation — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 135.27 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 8.35B
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Financial statements
Oshkosh Corporation (OSK) reported revenue of 10.76B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 10.76B | 10.42B | 10.73B | 9.66B | 8.28B | 7.95B |
| Cost of Revenue | 9.11B | 8.60B | 8.76B | 7.98B | 7.23B | 6.78B |
| Gross Profit | 1.66B | 1.82B | 1.97B | 1.68B | 1.05B | 1.17B |
| Selling, General & Admin | 858.10M | 811.70M | 848.60M | 807.60M | 696.30M | 674.80M |
| Amortization of Goodwill & Intangibles | 56.90M | 55.10M | 54.70M | 32.80M | 11.60M | 11.10M |
| Operating Expenses | 915.00M | 866.80M | 903.30M | 840.40M | 707.90M | 685.90M |
| Operating Income | 741.60M | 952.20M | 1.07B | 840.40M | 346.50M | 487.60M |
| Interest Expense | -121.30M | -117.60M | -119.50M | -68.60M | -53.40M | -48.70M |
| Interest & Investment Income | 16.10M | 8.70M | 7.60M | 14.80M | 9.50M | 3.60M |
| Earnings From Equity Investments | 400.00K | -3.50M | -11.60M | -9.60M | -4.20M | 1.50M |
| Currency Exchange Gain (Loss) | -1.60M | -1.90M | -2.80M | 4.70M | -6.90M | |
| Other Non Operating Income (Expenses) | 25.30M | 20.30M | 23.00M | 6.30M | -12.40M | -3.40M |
| EBT Excluding Unusual Items | 660.50M | 858.20M | 962.80M | 788.00M | 279.10M | 440.60M |
| Impairment of Goodwill | -5.70M | -38.70M | ||||
| Gain (Loss) on Sale of Investments | -26.00M | -14.00M | -19.80M | |||
| Asset Writedown | -12.90M | -7.70M | ||||
| Pretax Income | 634.50M | 838.50M | 891.40M | 788.00M | 271.40M | 440.60M |
| Income Tax Expense | 136.00M | 191.50M | 210.00M | 190.00M | 97.50M | 13.20M |
| Net Income | 498.50M | 647.00M | 681.40M | 598.00M | 173.90M | 427.40M |
| Net Income to Common | 498.50M | 647.00M | 681.40M | 598.00M | 173.90M | 427.40M |
| Shares Outstanding (Basic) | 62.59M | 64.18M | 65.46M | 65.38M | 65.70M | 68.26M |
| Shares Outstanding (Diluted) | 63.02M | 64.55M | 65.83M | 65.86M | 66.13M | 68.99M |
| EPS (Basic) | 7.96 | 10.08 | 10.41 | 9.15 | 2.65 | 6.26 |
| EPS (Diluted) | 7.91 | 10.02 | 10.35 | 9.08 | 2.63 | 6.20 |
| Free Cash Flow | 942.10M | 571.60M | 261.80M | 269.70M | 331.80M | 559.70M |
| Free Cash Flow Per Share | 14.95 | 8.86 | 3.98 | 4.09 | 5.02 | 8.11 |
| Dividend Per Share | 2.22 | 2.04 | 1.84 | 1.64 | 1.48 | 1.36 |
| Gross Margin | 15.39% | 17.45% | 18.35% | 17.40% | 12.73% | 14.76% |
| Operating Margin | 6.89% | 9.14% | 9.94% | 8.70% | 4.18% | 6.13% |
| Profit Margin | 4.63% | 6.21% | 6.35% | 6.19% | 2.10% | 5.37% |
| Free Cash Flow Margin | 8.75% | 5.48% | 2.44% | 2.79% | 4.01% | 7.04% |
| EBITDA | 985.50M | 1.18B | 1.27B | 1.00B | 454.10M | 591.20M |
| EBITDA Margin | 9.16% | 11.29% | 11.80% | 10.36% | 5.48% | 7.43% |
| D&A For EBITDA | 243.90M | 224.10M | 200.10M | 159.90M | 107.60M | 103.60M |
| EBIT | 741.60M | 952.20M | 1.07B | 840.40M | 346.50M | 487.60M |
| EBIT Margin | 6.89% | 9.14% | 9.94% | 8.70% | 4.18% | 6.13% |
| Effective Tax Rate | 21.43% | 22.84% | 23.56% | 24.11% | 35.93% | 3.00% |
| Advertising Expenses | 27.90M | 25.70M | 25.80M | 14.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 558.00M | 479.80M | 204.90M | 125.40M | 805.90M | 995.70M |
| Cash & Short-Term Investments | 558.00M | 479.80M | 204.90M | 125.40M | 805.90M | 995.70M |
| Accounts Receivable | 2.45B | 2.16B | 1.89B | 2.09B | 1.75B | 1.41B |
| Other Receivables | 44.20M | 52.40M | 51.20M | 42.20M | 21.60M | 250.30M |
| Receivables | 2.49B | 2.21B | 1.94B | 2.13B | 1.77B | 1.66B |
| Inventory | 2.28B | 2.38B | 2.27B | 2.13B | 1.87B | 1.55B |
| Other Current Assets | 105.40M | 102.50M | 114.50M | 93.60M | 90.70M | 71.70M |
| Total Current Assets | 5.43B | 5.17B | 4.53B | 4.48B | 4.53B | 4.28B |
| Property, Plant & Equipment | 1.24B | 1.54B | 1.47B | 1.33B | 1.06B | 827.30M |
| Long-Term Investments | 42.60M | 38.40M | 43.30M | 50.70M | 46.80M | |
| Goodwill | 1.44B | 1.45B | 1.41B | 1.42B | 1.04B | 1.05B |
| Other Intangible Assets | 689.10M | 734.80M | 777.60M | 830.20M | 457.00M | 464.00M |
| Long-Term Accounts Receivable | 19.50M | 9.00M | 3.40M | 3.30M | ||
| Long-Term Deferred Tax Assets | 182.30M | 201.00M | 259.00M | 262.00M | 134.80M | 71.70M |
| Long-Term Deferred Charges | 783.20M | 825.50M | 842.60M | 710.70M | 415.80M | 73.20M |
| Other Long-Term Assets | 486.50M | 94.60M | 85.10M | 52.00M | 29.90M | 32.10M |
| Total Assets | 10.26B | 10.07B | 9.42B | 9.13B | 7.73B | 6.85B |
| Accounts Payable | 1.08B | 1.07B | 1.14B | 1.21B | 1.13B | 747.40M |
| Accrued Expenses | 209.30M | 218.40M | 246.20M | 242.50M | 119.50M | 118.40M |
| Short-Term Debt | 360.00M | 175.00M | 9.70M | |||
| Current Portion of Long-Term Debt | 500.40M | 600.00K | 2.30M | |||
| Current Portion of Leases | 58.90M | 56.70M | 54.00M | 54.50M | 51.10M | |
| Current Income Taxes Payable | 87.70M | 141.30M | 140.10M | 308.00M | 100.30M | 222.10M |
| Current Unearned Revenue | 913.20M | 871.70M | 762.40M | 803.10M | 774.10M | 772.80M |
| Other Current Liabilities | 365.10M | 299.30M | 276.20M | 292.50M | 241.50M | 231.20M |
| Total Current Liabilities | 3.15B | 2.66B | 2.99B | 3.09B | 2.43B | 2.14B |
| Long-Term Debt | 600.70M | 1.10B | 599.50M | 597.50M | 595.00M | 819.00M |
| Long-Term Leases | 218.20M | 209.80M | 222.00M | 193.40M | 190.20M | |
| Long-Term Unearned Revenue | 1.43B | 1.31B | 1.23B | 1.26B | 1.09B | 261.90M |
| Long-Term Deferred Tax Liabilities | 22.30M | 25.70M | 26.90M | 26.80M | ||
| Other Long-Term Liabilities | 500.10M | 225.50M | 220.40M | 228.80M | 239.00M | 231.30M |
| Total Liabilities | 5.70B | 5.54B | 5.27B | 5.42B | 4.54B | 3.65B |
| Common Stock | 700.00K | 700.00K | 700.00K | 700.00K | 700.00K | 700.00K |
| Additional Paid-In Capital | 876.50M | 866.30M | 847.80M | 823.00M | 806.00M | 792.40M |
| Retained Earnings | 5.14B | 4.88B | 4.37B | 3.81B | 3.31B | 3.24B |
| Treasury Stock | -1.45B | -1.23B | -960.40M | -852.20M | -843.70M | -698.70M |
| Comprehensive Income & Other | -21.10M | 6.40M | -103.20M | -72.00M | -92.30M | -128.60M |
| Shareholders' Equity | 4.55B | 4.53B | 4.15B | 3.71B | 3.19B | 3.20B |
| Total Liabilities & Equity | 10.26B | 10.07B | 9.42B | 9.13B | 7.73B | 6.85B |
| Total Debt | 1.10B | 1.38B | 1.23B | 1.05B | 852.60M | 1.06B |
| Net Cash (Debt) | -543.10M | -898.20M | -1.02B | -923.10M | -46.70M | -64.60M |
| Net Cash Per Share | -8.62 | -13.91 | -15.55 | -14.02 | -0.71 | -0.94 |
| Filing Date Shares Outstanding | 60.97M | 62.55M | 64.52M | 65.58M | 65.43M | 66.60M |
| Total Common Shares Outstanding | 61.29M | 62.59M | 64.60M | 65.47M | 65.47M | 66.81M |
| Working Capital | 2.28B | 2.50B | 1.54B | 1.39B | 2.10B | 2.14B |
| Book Value Per Share | 74.26 | 72.38 | 64.27 | 56.59 | 48.66 | 47.96 |
| Tangible Book Value | 2.43B | 2.35B | 1.96B | 1.46B | 1.69B | 1.69B |
| Tangible Book Value Per Share | 39.59 | 37.51 | 30.41 | 22.28 | 25.76 | 25.31 |
| Land | 111.90M | 110.40M | 106.50M | 100.50M | 74.90M | 72.00M |
| Buildings | 629.30M | 612.60M | 514.10M | 478.30M | 441.60M | 410.90M |
| Machinery | 1.51B | 1.46B | 1.32B | 1.01B | 841.90M | 740.90M |
| Construction In Progress | 115.70M | 137.10M | 210.20M | 348.40M | 234.30M | 45.30M |
| Order Backlog | 14.20B | 14.70B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 498.50M | 647.00M | 681.40M | 598.00M | 173.90M | 427.40M |
| Depreciation & Amortization | 243.90M | 224.10M | 200.10M | 159.90M | 107.60M | 103.60M |
| Loss (Gain) From Sale of Assets | -6.30M | |||||
| Asset Writedown & Restructuring Costs | 5.70M | 51.60M | 7.70M | 800.00K | ||
| Loss (Gain) From Sale of Investments | 12.60M | 5.50M | ||||
| Stock-Based Compensation | 41.90M | 38.00M | 38.10M | 31.90M | 28.60M | 24.80M |
| Other Operating Activities | 14.10M | 38.10M | -14.70M | -150.90M | -46.10M | -100.50M |
| Change in Accounts Receivable | -254.90M | -254.90M | 200.90M | -184.60M | -346.70M | 25.80M |
| Change in Inventory | -77.70M | -77.70M | -112.40M | -116.10M | -330.80M | -139.00M |
| Change in Accounts Payable | -28.20M | -28.20M | -77.30M | 11.80M | 331.70M | -105.60M |
| Change in Unearned Revenue | 173.00M | 173.00M | -226.00M | -137.80M | 476.70M | 124.90M |
| Change in Income Taxes | -21.60M | -21.60M | -169.00M | 215.30M | 71.80M | 190.60M |
| Change in Other Net Operating Assets | 544.30M | 39.90M | -22.60M | 172.10M | 114.30M | 138.40M |
| Operating Cash Flow | 1.13B | 783.40M | 550.10M | 599.60M | 601.30M | 690.40M |
| Capital Expenditures | -191.20M | -211.80M | -288.30M | -329.90M | -269.50M | -130.70M |
| Sale of Property, Plant & Equipment | 40.40M | 13.60M | ||||
| Cash Acquisitions | -900.00K | -900.00K | -121.30M | -995.80M | -19.70M | -110.60M |
| Divestitures | 7.00M | 32.60M | ||||
| Investment in Securities | -40.60M | |||||
| Other Investing Activities | 3.10M | 7.80M | 13.80M | 7.50M | -11.20M | 17.30M |
| Investing Cash Flow | -148.60M | -204.90M | -388.80M | -1.29B | -300.40M | -251.00M |
| Short-Term Debt Issued | 3.24B | 4.33B | 1.62B | 10.40M | ||
| Long-Term Debt Issued | 500.50M | 1.90M | ||||
| Total Debt Issued | 703.80M | 3.74B | 4.33B | 1.62B | 10.40M | |
| Short-Term Debt Repaid | -3.60B | -4.14B | -1.45B | |||
| Long-Term Debt Repaid | -225.00M | |||||
| Total Debt Repaid | -808.30M | -3.60B | -4.14B | -1.45B | -225.00M | |
| Net Debt Issued (Repaid) | -104.50M | 140.50M | 186.90M | 165.30M | -214.60M | |
| Issuance of Common Stock | 40.90M | |||||
| Repurchase of Common Stock | -340.00M | -278.00M | -116.00M | -22.50M | -155.00M | -276.10M |
| Common Dividends Paid | -138.30M | -130.40M | -120.00M | -107.20M | -97.30M | -92.80M |
| Other Financing Activities | -53.40M | -48.00M | -26.00M | -32.20M | -18.10M | -6.40M |
| Financing Cash Flow | -636.20M | -315.90M | -75.10M | 3.40M | -485.00M | -334.40M |
| Foreign Exchange Rate Adjustments | -2.30M | 12.30M | -6.70M | 2.10M | -5.70M | -7.90M |
| Net Cash Flow | 346.20M | 274.90M | 79.50M | -680.50M | -189.80M | 97.10M |
| Free Cash Flow | 942.10M | 571.60M | 261.80M | 269.70M | 331.80M | 559.70M |
| Free Cash Flow Margin | 8.75% | 5.48% | 2.44% | 2.79% | 4.01% | 7.04% |
| Free Cash Flow Per Share | 14.95 | 8.86 | 3.98 | 4.09 | 5.02 | 8.11 |
| Levered Free Cash Flow | 594.89M | 243.72M | 282.52M | 212.18M | -117.11M | |
| Unlevered Free Cash Flow | 670.70M | 317.23M | 357.21M | 255.05M | -83.74M | |
| Cash Interest Paid | 93.50M | 98.50M | 112.40M | 60.00M | 49.60M | 46.80M |
| Cash Income Tax Paid | 144.30M | 159.90M | 398.50M | 161.70M | 6.50M | 141.60M |
| Change in Working Capital | 334.90M | -169.50M | -406.40M | -39.30M | 317.00M | 235.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.53B | 7.95B | 6.19B | 7.09B | 5.77B | 7.61B |
| Enterprise Value | 9.08B | 8.94B | 7.56B | 8.09B | 5.90B | 7.27B |
| Last Close Price | 139.94 | 124.20 | 92.35 | 103.56 | 82.70 | 104.01 |
| PE Ratio | 17.70 | 12.28 | 9.08 | 11.86 | 33.16 | 17.80 |
| Forward PE | 11.98 | 10.80 | 9.13 | 10.73 | 13.48 | 19.58 |
| PS Ratio | 0.79 | 0.76 | 0.58 | 0.73 | 0.70 | 0.96 |
| PB Ratio | 1.88 | 1.75 | 1.49 | 1.91 | 1.81 | 2.37 |
| P/TBV Ratio | 3.52 | 3.38 | 3.15 | 4.86 | 3.42 | 4.50 |
| P/FCF Ratio | 9.06 | 13.90 | 23.63 | 26.29 | 17.38 | 13.59 |
| P/OCF Ratio | 7.53 | 10.14 | 11.24 | 11.83 | 9.59 | 11.02 |
| PEG Ratio | 1.00 | 1.48 | 1.02 | 0.26 | 0.64 | 1.05 |
| EV/Sales Ratio | 0.84 | 0.86 | 0.70 | 0.84 | 0.71 | 0.91 |
| EV/EBITDA Ratio | 9.21 | 7.60 | 5.97 | 8.09 | 12.98 | 12.30 |
| EV/EBIT Ratio | 12.24 | 9.39 | 7.09 | 9.62 | 17.02 | 14.91 |
| EV/FCF Ratio | 9.63 | 15.64 | 28.88 | 29.99 | 17.77 | 12.99 |
| Debt / Equity Ratio | 0.24 | 0.30 | 0.30 | 0.28 | 0.27 | 0.33 |
| Debt / EBITDA Ratio | 1.02 | 1.09 | 0.91 | 0.95 | 1.55 | 1.79 |
| Debt / FCF Ratio | 1.17 | 2.41 | 4.69 | 3.89 | 2.57 | 1.89 |
| Net Debt / Equity Ratio | 0.12 | 0.20 | 0.25 | 0.25 | 0.01 | 0.02 |
| Net Debt / EBITDA Ratio | 0.55 | 0.76 | 0.81 | 0.92 | 0.10 | 0.11 |
| Net Debt / FCF Ratio | 0.58 | 1.57 | 3.91 | 3.42 | 0.14 | 0.12 |
| Asset Turnover | 1.07 | 1.07 | 1.16 | 1.15 | 1.14 | |
| Inventory Turnover | 3.84 | 3.71 | 3.98 | 3.99 | 4.23 | |
| Quick Ratio | 0.97 | 1.01 | 0.72 | 0.73 | 1.06 | 1.24 |
| Current Ratio | 1.72 | 1.94 | 1.52 | 1.45 | 1.87 | 2.00 |
| Return on Equity (ROE) | 10.97% | 14.90% | 17.34% | 17.36% | 5.44% | |
| Return on Assets (ROA) | 4.61% | 6.11% | 7.18% | 6.23% | 2.97% | |
| Return on Invested Capital (ROIC) | 11.29% | 13.86% | 16.62% | 16.23% | 6.83% | 15.03% |
| Return on Capital Employed (ROCE) | 10.40% | 12.90% | 16.60% | 13.90% | 6.50% | 10.40% |
| Earnings Yield | 5.65% | 8.14% | 11.02% | 8.43% | 3.02% | 5.62% |
| FCF Yield | 11.04% | 7.19% | 4.23% | 3.80% | 5.75% | 7.36% |
| Dividend Yield | 1.63% | 1.61% | 1.92% | 1.51% | 1.68% | 1.20% |
| Payout Ratio | 28.84% | 20.15% | 17.61% | 17.93% | 55.95% | 21.71% |
| Buyback Yield / Dilution | 3.08% | 1.94% | 0.05% | 0.41% | 4.14% | 0.31% |
| Total Shareholder Return | 4.71% | 3.54% | 1.97% | 1.92% | 5.82% | 1.51% |