Oshkosh (OSK) Financials

$125.77 +0.46 (+0.37%)

Closing price 03:59 PM Eastern

Extended Trading

$126.16 +0.40 (+0.32%)

As of 05:10 PM Eastern

Annual Income Statements for Oshkosh

This table shows Oshkosh's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	230	216	286	472	579	322	509	174	598	681	647
Consolidated Net Income / (Loss)	230	216	286	472	579	322	509	174	598	681	647
Net Income / (Loss) Continuing Operations	230	216	286	472	579	322	509	174	598	681	647
Total Pre-Tax Income	326	307	411	595	751	435	545	276	798	903	842
Total Operating Income	399	364	470	656	797	485	592	372	838	1,011	940
Total Gross Profit	1,039	1,056	1,181	1,359	1,517	1,116	1,268	1,054	1,681	1,969	1,819
Total Revenue	6,098	6,279	6,830	7,706	8,382	6,857	7,737	8,282	9,658	10,730	10,422
Operating Revenue	6,098	6,279	6,830	7,706	8,382	6,857	7,737	8,282	9,658	10,730	10,422
Total Cost of Revenue	5,059	5,223	5,649	6,347	6,865	5,740	6,469	7,228	7,977	8,761	8,603
Operating Cost of Revenue	5,059	5,223	5,649	6,347	6,865	5,740	6,469	7,228	7,977	8,761	8,603
Total Operating Expenses	641	692	711	703	720	632	676	682	843	959	880
Selling, General & Admin Expense	587	612	665	664	684	621	667	663	810	852	819
Amortization Expense	53	53	46	38	37	11	9.60	12	33	55	55
Impairment Charge	0.00	27	-	-	-	-	0.00	7.70	0.00	52	5.70
Total Other Income / (Expense), net	-73	-57	-59	-61	-46	-50	-47	-97	-40	-108	-98
Interest Expense	70	60	60	71	54	59	48	53	69	120	118
Interest & Investment Income	2.50	2.10	4.90	15	6.80	7.50	3.50	9.50	15	7.60	8.70
Other Income / (Expense), net	-4.90	1.30	-4.10	-5.80	1.30	2.20	-2.10	-53	14	4.20	11
Income Tax Expense	99	92	127	124	171	112	36	98	190	210	192
Other Gains / (Losses), net	2.60	1.80	1.50	1.10	0.00	-1.80	0.00	-4.20	-9.60	-12	-3.50
Basic Earnings per Share	$2.94	$2.94	$3.82	$6.38	$8.30	-	-	$2.65	$9.15	$10.41	$10.08
Weighted Average Basic Shares Outstanding	77.99M	73.57M	74.67M	74.00M	68.06M	68.19M	67.49M	65.43M	65.58M	64.52M	62.55M
Diluted Earnings per Share	$2.90	$2.91	$3.77	$6.29	$8.21	-	-	$2.63	$9.08	$10.35	$10.02
Weighted Average Diluted Shares Outstanding	77.99M	73.57M	74.67M	74.00M	68.06M	68.19M	67.49M	65.43M	65.58M	64.52M	62.55M
Weighted Average Basic & Diluted Shares Outstanding	77.99M	73.57M	74.67M	74.00M	68.06M	68.19M	67.49M	65.43M	65.58M	64.52M	62.55M
Cash Dividends to Common per Share	$0.68	$0.76	$0.84	$0.96	$1.08	$1.20	$1.32	$1.48	$1.64	$1.84	$2.04

This table shows Oshkosh's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	184	151	179	169	180	153	112	205	196	134	43
Consolidated Net Income / (Loss)	184	151	179	169	180	153	112	205	196	134	43
Net Income / (Loss) Continuing Operations	184	151	179	169	180	153	112	205	196	134	43
Total Pre-Tax Income	241	195	237	229	238	199	151	271	238	182	55
Total Operating Income	257	215	260	261	266	224	175	292	260	212	82
Total Gross Profit	468	454	470	546	506	447	400	525	471	424	312
Total Revenue	2,510	2,467	2,544	2,847	2,741	2,598	2,313	2,732	2,689	2,689	2,318
Operating Revenue	2,510	2,467	2,544	2,847	2,741	2,598	2,313	2,732	2,689	2,689	2,318
Total Cost of Revenue	2,042	2,012	2,074	2,301	2,235	2,151	1,913	2,208	2,218	2,265	2,006
Operating Cost of Revenue	2,042	2,012	2,074	2,301	2,235	2,151	1,913	2,208	2,218	2,265	2,006
Total Operating Expenses	212	239	210	285	240	223	225	233	210	212	230
Selling, General & Admin Expense	202	224	197	220	226	209	211	213	196	198	216
Amortization Expense	10	15	14	14	13	14	14	14	14	14	14
Total Other Income / (Expense), net	-15	-20	-23	-32	-28	-25	-25	-21	-22	-30	-27
Interest Expense	20	22	22	32	34	32	27	30	31	30	30
Interest & Investment Income	1.90	1.50	1.60	1.70	1.90	2.40	2.00	2.00	2.50	2.20	4.50
Other Income / (Expense), net	2.60	0.60	-2.00	-1.50	3.60	4.10	0.50	7.30	6.10	-2.50	-2.00
Income Tax Expense	55	44	55	54	57	45	37	65	42	48	11
Other Gains / (Losses), net	-2.40	-0.20	-2.80	-7.00	-1.20	-0.60	-1.90	-0.90	-0.50	-0.20	-1.10
Basic Earnings per Share	$2.81	$2.31	$2.73	$2.57	$2.76	$2.35	$1.73	$3.17	$3.06	$2.12	$0.69
Weighted Average Basic Shares Outstanding	65.41M	65.58M	65.40M	65.09M	65.06M	64.52M	64.37M	64.00M	63.25M	62.55M	62.35M
Diluted Earnings per Share	$2.79	$2.28	$2.71	$2.56	$2.75	$2.33	$1.72	$3.16	$3.04	$2.10	$0.68
Weighted Average Diluted Shares Outstanding	65.41M	65.58M	65.40M	65.09M	65.06M	64.52M	64.37M	64.00M	63.25M	62.55M	62.35M
Weighted Average Basic & Diluted Shares Outstanding	65.41M	65.58M	65.40M	65.09M	65.06M	64.52M	64.37M	64.00M	63.25M	62.55M	62.35M
Cash Dividends to Common per Share	$0.41	-	$0.46	$0.46	$0.46	-	$0.51	$0.51	$0.51	-	$0.57

This table details how cash moves in and out of Oshkosh's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-271	279	125	7.60	-6.20	135	793	-190	-681	80	275
Net Cash From Operating Activities	91	584	247	436	568	327	1,222	601	600	550	783
Net Cash From Continuing Operating Activities	91	584	247	436	568	327	1,222	601	600	550	783
Net Income / (Loss) Continuing Operations	230	216	286	472	579	322	509	174	598	681	647
Consolidated Net Income / (Loss)	230	216	286	472	579	322	509	174	598	681	647
Depreciation Expense	125	129	130	121	115	104	104	108	160	200	224
Non-Cash Adjustments To Reconcile Net Income	23	25	-65	-56	267	91	86	-90	-90	228	-38
Changes in Operating Assets and Liabilities, net	-285	213	-104	-100	-66	-189	522	410	-69	-559	-50
Net Cash From Investing Activities	-140	-89	-65	-90	-153	-78	-246	-300	-1,286	-389	-205
Net Cash From Continuing Investing Activities	-140	-89	-65	-90	-153	-78	-246	-300	-1,286	-389	-205
Purchase of Property, Plant & Equipment	-158	-127	-113	-100	-174	-130	-104	-270	-330	-288	-212
Acquisitions	-10	-	-	-	0.00	0.00	-111	-20	-996	-121	-0.90
Divestitures	-	-	-	-	-	-	0.00	0.00	33	7.00	0.00
Other Investing Activities, net	1.10	-2.20	-2.30	-1.80	5.60	56	-31	-11	7.50	14	7.80
Net Cash From Financing Activities	-222	-222	-45	-339	-422	-116	-180	-485	3.40	-75	-316
Net Cash From Continuing Financing Activities	-222	-222	-45	-339	-422	-116	-180	-485	3.40	-75	-316
Repayment of Debt	-381	-407	-23	-667	0.00	-312	18	-243	-1,483	-4,167	-3,647
Repurchase of Common Equity	-209	-106	-4.80	-257	-357	-41	-108	-155	-23	-116	-278
Payment of Dividends	-53	-56	-63	-71	-76	-82	-90	-97	-107	-120	-130
Issuance of Debt	409	324	5.90	639	0.00	304	0.00	10	1,617	4,327	3,740
Effect of Exchange Rate Changes	-0.40	6.30	-11	0.60	0.10	0.30	-2.70	-5.70	2.10	-6.70	12
Cash Interest Paid	51	55	57	56	54	56	45	50	60	112	99

This table details how cash moves in and out of Oshkosh's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-249	19	-56	72	20	44	5.40	-19	20	268	-230
Net Cash From Operating Activities	167	480	-356	-211	326	791	-395	89	489	600	-161
Net Cash From Continuing Operating Activities	167	480	-356	-207	322	791	-395	89	489	600	-161
Net Income / (Loss) Continuing Operations	184	151	179	169	180	153	112	205	196	134	43
Consolidated Net Income / (Loss)	184	151	179	169	180	153	112	205	196	134	43
Depreciation Expense	40	55	47	48	52	54	54	56	56	58	61
Non-Cash Adjustments To Reconcile Net Income	5.70	-125	15	71	8.00	134	12	13	8.60	-71	15
Changes in Operating Assets and Liabilities, net	-63	398	-596	-495	82	450	-572	-184	228	479	-279
Net Cash From Investing Activities	-896	-95	-111	-38	-160	-79	-43	-56	-37	-69	1.10
Net Cash From Continuing Investing Activities	-896	-95	-111	-38	-160	-79	-43	-56	-37	-69	1.10
Purchase of Property, Plant & Equipment	-98	-97	-100	-40	-54	-88	-45	-41	-57	-74	-30
Sale of Property, Plant & Equipment	-	-	-	-	-	-	0.40	-	-	-	30
Other Investing Activities, net	0.30	2.80	-3.30	1.40	-0.40	8.80	1.20	-15	20	5.30	1.10
Net Cash From Financing Activities	480	-368	413	320	-147	-661	438	-59	-431	-264	-69
Net Cash From Continuing Financing Activities	480	-368	413	320	-147	-661	438	-59	-431	-264	-69
Repayment of Debt	-501	-949	-675	-1,148	-1,024	-1,318	-1,146	-1,178	-1,106	-217	-245
Repurchase of Common Equity	-	0.10	-15	-40	-11	-50	-29	-40	-91	-119	-47
Payment of Dividends	-27	-27	-30	-30	-30	-30	-33	-33	-33	-32	-36
Issuance of Debt	1,009	608	1,133	1,538	918	738	1,646	1,192	799	103	260
Effect of Exchange Rate Changes	-0.70	2.10	-1.00	0.30	0.80	-6.80	5.30	6.90	-0.70	0.80	-1.10
Cash Interest Paid	14	23	18	32	31	32	22	29	24	24	15
Cash Income Taxes Paid	16	39	25	300	39	34	10	138	3.90	-	48

This table presents Oshkosh's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	4,553	4,514	5,099	5,294	5,566	5,816	6,850	7,729	9,129	9,423	10,072
Total Current Assets	2,377	2,418	3,040	3,270	3,408	3,536	4,282	4,532	4,481	4,528	5,169
Cash & Equivalents	43	322	447	455	448	583	996	806	125	205	480
Accounts Receivable	965	1,022	1,306	1,522	1,632	1,341	1,414	1,162	2,088	1,891	2,159
Inventories, net	1,302	980	1,198	1,228	1,249	1,505	1,550	1,866	2,132	2,266	2,375
Current Deferred & Refundable Income Taxes	-	-	-	-	-	45	250	22	42	51	52
Other Current Assets	68	94	88	66	79	61	72	677	94	115	103
Plant, Property, & Equipment, net	476	452	470	481	574	566	593	826	1,070	1,217	1,271
Total Noncurrent Assets	1,700	1,644	1,589	1,543	1,584	1,714	1,974	2,371	3,579	3,679	3,633
Goodwill	1,001	1,004	1,013	1,008	996	1,010	1,049	1,042	1,416	1,410	1,448
Intangible Assets	607	554	508	469	432	418	464	457	830	778	735
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	72	135	262	259	201
Other Noncurrent Operating Assets	92	87	68	66	156	287	390	737	1,070	1,232	1,249
Total Liabilities & Shareholders' Equity	4,553	4,514	5,099	5,294	5,566	5,816	6,850	7,729	9,129	9,423	10,072
Total Liabilities	2,642	2,537	2,792	2,781	2,967	2,965	3,645	4,543	5,424	5,271	5,542
Total Current Liabilities	1,458	1,368	1,683	1,690	1,742	1,585	2,143	2,429	3,090	2,987	2,664
Short-Term Debt	84	20	23	0.00	0.00	5.20	0.00	9.70	175	362	0.60
Accounts Payable	553	466	651	777	796	578	747	1,129	1,215	1,143	1,074
Current Deferred Revenue	440	472	513	445	382	491	691	697	707	649	737
Current Deferred & Payable Income Tax Liabilities	-	-	-	24	74	15	222	100	308	140	141
Current Employee Benefit Liabilities	117	148	192	193	184	151	118	120	243	246	218
Other Current Liabilities	265	262	304	252	307	345	364	373	443	447	493
Total Noncurrent Liabilities	1,184	1,170	1,108	1,091	1,225	1,380	1,502	2,115	2,334	2,284	2,878
Long-Term Debt	844	826	808	818	819	818	819	595	598	600	1,100
Noncurrent Deferred Revenue	-	-	-	-	-	-	207	1,021	1,191	1,154	1,223
Noncurrent Deferred & Payable Income Tax Liabilities	42	-	-	-	-	-	-	0.00	27	27	26
Other Noncurrent Operating Liabilities	297	344	301	273	406	562	476	499	519	503	529
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,911	1,977	2,307	2,514	2,600	2,851	3,204	3,186	3,705	4,152	4,531
Total Preferred & Common Equity	1,911	1,977	2,307	2,514	2,600	2,851	3,204	3,186	3,705	4,152	4,531
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,911	1,977	2,307	2,514	2,600	2,851	3,204	3,186	3,705	4,152	4,531
Common Stock	772	783	803	816	809	802	793	807	824	849	867
Retained Earnings	2,017	2,177	2,400	2,008	2,505	2,748	3,239	3,315	3,806	4,367	4,884
Treasury Stock	-733	-809	-771	-203	-513	-500	-699	-844	-852	-960	-1,227
Accumulated Other Comprehensive Income / (Loss)	-144	-175	-125	-107	-202	-198	-129	-92	-72	-103	6.40

This table presents Oshkosh's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	6,964	7,916	8,044	8,855	9,471	9,722	9,876	9,761	10,016	9,841	9,961
Total Current Assets	4,117	4,414	4,387	4,491	4,732	5,042	5,058	4,851	5,014	4,942	5,106
Cash & Equivalents	475	539	356	106	70	141	161	210	192	212	250
Accounts Receivable	1,603	1,866	2,041	2,268	2,325	2,550	2,431	1,992	2,167	2,132	2,201
Inventories, net	1,670	1,906	1,900	2,021	2,208	2,217	2,321	2,501	2,496	2,458	2,516
Current Deferred & Refundable Income Taxes	270	16	16	16	36	39	43	41	50	38	50
Other Current Assets	99	87	75	81	92	95	102	107	110	103	89
Plant, Property, & Equipment, net	701	872	891	955	1,103	1,106	1,145	1,217	1,236	1,249	1,249
Total Noncurrent Assets	2,147	2,631	2,767	3,410	3,637	3,574	3,673	3,693	3,767	3,650	3,606
Goodwill	1,027	1,129	1,152	1,506	1,409	1,371	1,438	1,424	1,449	1,447	1,443
Intangible Assets	465	536	533	762	813	784	809	765	758	743	719
Noncurrent Deferred & Refundable Income Taxes	100	153	198	195	261	264	248	269	286	200	196
Other Noncurrent Operating Assets	555	813	883	946	1,153	1,155	1,178	1,235	1,274	1,258	1,248
Total Liabilities & Shareholders' Equity	6,964	7,916	8,044	8,855	9,471	9,722	9,876	9,761	10,016	9,841	9,961
Total Liabilities	4,073	4,669	4,648	5,312	5,645	5,797	5,774	5,527	5,562	5,303	5,495
Total Current Liabilities	2,273	2,459	2,418	3,090	3,320	3,492	3,458	2,748	2,727	2,501	3,125
Short-Term Debt	9.40	2.10	0.00	505	641	1,037	935	379	399	107	546
Accounts Payable	1,020	1,091	1,068	1,092	1,059	1,046	1,054	970	976	962	993
Current Deferred Revenue	699	689	629	664	704	674	672	638	598	673	815
Current Deferred & Payable Income Tax Liabilities	52	151	149	178	329	83	91	173	119	86	97
Current Employee Benefit Liabilities	132	147	165	214	158	192	236	173	203	222	178
Other Current Liabilities	360	379	408	437	428	460	470	416	434	451	497
Total Noncurrent Liabilities	1,800	2,211	2,230	2,222	2,326	2,305	2,316	2,779	2,834	2,802	2,369
Long-Term Debt	595	595	597	598	599	599	602	1,099	1,100	1,100	601
Noncurrent Deferred Revenue	716	1,111	1,102	1,089	1,182	1,166	1,158	1,148	1,164	1,152	1,203
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	18	28	25	25	30	25	27	26	25
Other Noncurrent Operating Liabilities	489	505	512	508	520	514	525	507	545	525	541
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,891	3,247	3,397	3,543	3,826	3,925	4,102	4,235	4,454	4,537	4,466
Total Preferred & Common Equity	2,891	3,247	3,397	3,543	3,826	3,925	4,102	4,235	4,454	4,537	4,466
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,891	3,247	3,397	3,543	3,826	3,925	4,102	4,235	4,454	4,537	4,466
Common Stock	811	809	817	828	822	834	842	839	850	861	854
Retained Earnings	3,122	3,377	3,525	3,682	3,955	4,094	4,244	4,447	4,619	4,782	4,891
Treasury Stock	-849	-855	-862	-856	-862	-901	-911	-982	-1,021	-1,109	-1,273
Accumulated Other Comprehensive Income / (Loss)	-193	-83	-83	-110	-90	-102	-72	-69	7.40	2.90	-5.60

This table displays calculated financial ratios and metrics derived from Oshkosh's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.43%	2.97%	8.77%	12.83%	8.78%	-18.20%	12.84%	7.04%	16.61%	11.10%	-2.87%
EBITDA Growth	38.37%	-4.65%	20.72%	29.20%	18.53%	-35.28%	17.39%	-38.46%	136.78%	20.14%	-3.29%
EBIT Growth	-21.46%	-7.21%	27.62%	39.47%	22.78%	-39.00%	21.15%	-45.85%	166.48%	19.20%	-6.31%
NOPAT Growth	-22.45%	-8.26%	27.67%	59.89%	18.43%	-41.45%	53.43%	-56.46%	165.21%	21.56%	-6.42%
Net Income Growth	-25.80%	-5.71%	31.98%	65.23%	22.78%	-44.51%	58.29%	-65.83%	243.88%	13.95%	-5.05%
EPS Growth	-19.67%	0.34%	29.55%	66.84%	30.52%	0.00%	0.00%	0.00%	245.25%	13.99%	-3.19%
Operating Cash Flow Growth	-46.36%	538.84%	-57.78%	77.00%	30.25%	-42.41%	273.24%	-50.78%	-0.28%	-8.26%	42.41%
Free Cash Flow Firm Growth	-78.13%	1,978.41%	-75.56%	148.46%	56.26%	-54.06%	156.99%	-53.94%	-357.26%	130.01%	120.60%
Invested Capital Growth	9.86%	-10.56%	7.62%	6.90%	3.25%	4.06%	-2.05%	-1.42%	45.83%	12.79%	4.94%
Revenue Q/Q Growth	-1.44%	2.90%	3.14%	1.24%	1.68%	-5.66%	2.78%	2.60%	2.80%	1.24%	0.88%
EBITDA Q/Q Growth	75.42%	3.69%	6.75%	8.75%	0.43%	-10.90%	40.20%	-33.77%	14.61%	0.86%	-1.17%
EBIT Q/Q Growth	-6.99%	4.31%	8.77%	11.22%	0.49%	-13.14%	52.53%	-40.62%	13.46%	1.20%	-1.91%
NOPAT Q/Q Growth	-8.53%	3.04%	13.37%	11.21%	-0.35%	-14.32%	69.66%	-48.77%	10.17%	0.83%	-2.21%
Net Income Q/Q Growth	-10.70%	5.46%	12.62%	13.96%	-0.22%	-14.15%	73.98%	-57.81%	14.49%	0.34%	-2.90%
EPS Q/Q Growth	-8.81%	6.59%	12.20%	14.36%	1.61%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.24%
Operating Cash Flow Q/Q Growth	41.93%	100.31%	-54.71%	27.28%	76.55%	-34.40%	6.75%	18.74%	2.85%	130.26%	-19.58%
Free Cash Flow Firm Q/Q Growth	-36.30%	137.91%	-73.17%	40.75%	136.88%	-43.47%	-12.58%	-14.01%	22.35%	229.68%	-29.78%
Invested Capital Q/Q Growth	-1.37%	-12.27%	2.08%	0.37%	-8.98%	-5.18%	5.09%	-1.20%	-4.13%	-10.39%	-6.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.04%	16.81%	17.29%	17.63%	18.10%	16.28%	16.39%	12.73%	17.40%	18.35%	17.45%
EBITDA Margin	8.50%	7.87%	8.73%	10.00%	10.90%	8.62%	8.97%	5.16%	10.47%	11.32%	11.27%
Operating Margin	6.54%	5.80%	6.89%	8.51%	9.51%	7.07%	7.65%	4.50%	8.67%	9.42%	9.01%
EBIT Margin	6.46%	5.82%	6.83%	8.44%	9.52%	7.10%	7.63%	3.86%	8.82%	9.46%	9.12%
Profit (Net Income) Margin	3.76%	3.45%	4.18%	6.12%	6.91%	4.69%	6.58%	2.10%	6.19%	6.35%	6.21%
Tax Burden Percent	70.38%	70.49%	69.44%	79.36%	77.18%	73.87%	93.32%	63.10%	74.97%	75.46%	76.84%
Interest Burden Percent	82.83%	84.04%	88.22%	91.45%	94.04%	89.36%	92.42%	86.26%	93.68%	88.97%	88.55%
Effective Tax Rate	30.42%	30.10%	30.93%	20.82%	22.82%	25.71%	6.68%	35.38%	23.82%	23.26%	22.74%
Return on Invested Capital (ROIC)	10.39%	9.61%	12.51%	18.66%	21.04%	11.88%	18.06%	8.00%	17.39%	16.75%	14.43%
ROIC Less NNEP Spread (ROIC-NNEP)	3.76%	4.21%	3.87%	5.94%	11.30%	-0.77%	-119.50%	43.30%	-0.58%	3.32%	2.99%
Return on Net Nonoperating Assets (RNNOA)	1.40%	1.53%	0.82%	0.92%	1.62%	-0.09%	-1.25%	-2.56%	-0.04%	0.59%	0.47%
Return on Equity (ROE)	11.78%	11.13%	13.33%	19.58%	22.66%	11.80%	16.81%	5.44%	17.36%	17.34%	14.90%
Cash Return on Invested Capital (CROIC)	0.99%	20.75%	5.18%	11.99%	17.84%	7.91%	20.13%	9.44%	-19.89%	4.73%	9.61%
Operating Return on Assets (OROA)	8.62%	8.06%	9.70%	12.51%	14.70%	8.56%	9.32%	4.38%	10.10%	10.94%	9.76%
Return on Assets (ROA)	5.02%	4.77%	5.94%	9.08%	10.67%	5.65%	8.04%	2.39%	7.09%	7.35%	6.64%
Return on Common Equity (ROCE)	11.78%	11.13%	13.33%	19.58%	22.66%	11.80%	16.81%	5.44%	17.36%	17.34%	14.90%
Return on Equity Simple (ROE_SIMPLE)	12.01%	10.95%	12.38%	18.77%	22.29%	11.28%	15.88%	5.46%	16.14%	16.41%	0.00%
Net Operating Profit after Tax (NOPAT)	277	254	325	519	615	360	553	241	638	776	726
NOPAT Margin	4.55%	4.05%	4.76%	6.74%	7.34%	5.25%	7.14%	2.91%	6.61%	7.23%	6.96%
Net Nonoperating Expense Percent (NNEP)	6.62%	5.40%	8.64%	12.72%	9.74%	12.65%	137.56%	-35.30%	17.97%	13.43%	11.44%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.35%	14.25%	15.17%	12.89%
Cost of Revenue to Revenue	82.96%	83.19%	82.71%	82.37%	81.90%	83.72%	83.61%	87.27%	82.60%	81.65%	82.55%
SG&A Expenses to Revenue	9.63%	9.75%	9.73%	8.62%	8.15%	9.05%	8.61%	8.00%	8.39%	7.94%	7.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.50%	11.02%	10.40%	9.12%	8.59%	9.21%	8.74%	8.24%	8.73%	8.93%	8.44%
Earnings before Interest and Taxes (EBIT)	394	365	466	650	798	487	590	320	851	1,015	951
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	518	494	597	771	914	591	694	427	1,011	1,215	1,175
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	1.85	2.41	1.89	1.84	1.65	2.09	1.75	1.87	1.48	1.75
Price to Tangible Book Value (P/TBV)	8.18	8.72	7.06	4.58	4.09	3.30	3.95	3.30	4.76	3.13	3.37
Price to Revenue (P/Rev)	0.41	0.58	0.81	0.62	0.57	0.69	0.86	0.67	0.72	0.57	0.76
Price to Earnings (P/E)	10.81	16.90	19.45	10.05	8.27	14.62	13.13	32.01	11.61	9.04	12.24
Dividend Yield	2.15%	1.53%	1.13%	1.48%	1.54%	1.74%	1.36%	2.17%	1.86%	1.94%	1.63%
Earnings Yield	9.25%	5.92%	5.14%	9.95%	12.09%	6.84%	7.61%	3.12%	8.62%	11.07%	8.17%
Enterprise Value to Invested Capital (EV/IC)	1.20	1.67	2.21	1.77	1.74	1.60	2.15	1.80	1.74	1.41	1.66
Enterprise Value to Revenue (EV/Rev)	0.55	0.67	0.87	0.66	0.62	0.72	0.84	0.65	0.79	0.64	0.82
Enterprise Value to EBITDA (EV/EBITDA)	6.50	8.46	9.96	6.62	5.65	8.36	9.38	12.56	7.50	5.69	7.27
Enterprise Value to EBIT (EV/EBIT)	8.55	11.44	12.74	7.85	6.47	10.14	11.03	16.79	8.91	6.81	8.98
Enterprise Value to NOPAT (EV/NOPAT)	12.14	16.43	18.28	9.83	8.39	13.72	11.78	22.30	11.89	8.91	11.77
Enterprise Value to Operating Cash Flow (EV/OCF)	36.84	7.16	24.09	11.70	9.08	15.09	5.33	8.92	12.66	12.57	10.90
Enterprise Value to Free Cash Flow (EV/FCFF)	127.32	7.61	44.21	15.30	9.90	20.61	10.57	18.91	0.00	31.56	17.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.43	0.36	0.33	0.32	0.29	0.26	0.19	0.21	0.23	0.24
Long-Term Debt to Equity	0.44	0.42	0.35	0.33	0.32	0.29	0.26	0.19	0.16	0.14	0.24
Financial Leverage	0.37	0.36	0.21	0.16	0.14	0.11	0.01	-0.06	0.06	0.18	0.16
Leverage Ratio	2.35	2.33	2.24	2.16	2.12	2.09	2.09	2.28	2.45	2.36	2.25
Compound Leverage Factor	1.94	1.96	1.98	1.97	2.00	1.87	1.93	1.97	2.29	2.10	1.99
Debt to Total Capital	32.68%	29.98%	26.48%	24.55%	23.96%	22.40%	20.36%	15.95%	17.25%	18.81%	19.55%
Short-Term Debt to Total Capital	2.94%	0.71%	0.73%	0.00%	0.00%	0.14%	0.00%	0.26%	3.91%	7.08%	0.01%
Long-Term Debt to Total Capital	29.74%	29.27%	25.74%	24.55%	23.96%	22.26%	20.36%	15.70%	13.34%	11.72%	19.54%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.32%	70.02%	73.52%	75.45%	76.04%	77.60%	79.64%	84.05%	82.75%	81.19%	80.45%
Debt to EBITDA	1.79	1.71	1.39	1.06	0.90	1.39	1.18	1.42	0.76	0.79	0.94
Net Debt to EBITDA	1.71	1.06	0.64	0.47	0.41	0.41	-0.25	-0.47	0.64	0.62	0.53
Long-Term Debt to EBITDA	1.63	1.67	1.35	1.06	0.90	1.38	1.18	1.39	0.59	0.49	0.94
Debt to NOPAT	3.35	3.33	2.56	1.57	1.33	2.29	1.48	2.51	1.21	1.24	1.52
Net Debt to NOPAT	3.19	2.06	1.18	0.70	0.60	0.67	-0.32	-0.84	1.01	0.98	0.86
Long-Term Debt to NOPAT	3.04	3.25	2.49	1.57	1.33	2.27	1.48	2.47	0.94	0.77	1.52
Altman Z-Score	3.05	3.48	3.81	3.77	3.94	3.47	3.55	2.87	2.90	3.04	3.18
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.63	1.77	1.81	1.93	1.96	2.23	2.00	1.87	1.45	1.52	1.94
Quick Ratio	0.69	0.98	1.04	1.17	1.19	1.21	1.12	0.81	0.72	0.70	0.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	26	550	134	334	522	240	616	284	-730	219	483
Operating Cash Flow to CapEx	69.66%	671.15%	391.89%	492.44%	357.20%	251.38%	1,170.11%	223.12%	184.32%	195.77%	369.88%
Free Cash Flow to Firm to Interest Expense	0.38	9.10	2.25	4.71	9.59	4.04	12.78	5.31	-10.64	1.83	4.11
Operating Cash Flow to Interest Expense	1.30	9.67	4.12	6.15	10.45	5.52	25.34	11.26	8.74	4.60	6.66
Operating Cash Flow Less CapEx to Interest Expense	-0.57	8.23	3.07	4.90	7.52	3.32	23.18	6.21	4.00	2.25	4.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.33	1.39	1.42	1.48	1.54	1.20	1.22	1.14	1.15	1.16	1.07
Accounts Receivable Turnover	6.29	6.32	5.87	5.45	5.32	4.61	5.62	6.43	5.94	5.39	5.15
Inventory Turnover	4.47	4.58	5.19	5.23	5.54	4.17	4.23	4.23	3.99	3.98	3.71
Fixed Asset Turnover	13.84	13.53	14.81	16.21	15.89	12.03	13.35	11.67	10.19	9.39	8.38
Accounts Payable Turnover	8.88	10.25	10.11	8.89	8.73	8.36	9.76	7.70	6.81	7.43	7.76
Days Sales Outstanding (DSO)	58.04	57.74	62.21	66.98	68.66	79.13	64.99	56.77	61.41	67.68	70.92
Days Inventory Outstanding (DIO)	81.62	79.71	70.37	69.76	65.85	87.57	86.21	86.26	91.45	91.60	98.44
Days Payable Outstanding (DPO)	41.11	35.60	36.09	41.06	41.80	43.66	37.39	47.38	53.61	49.12	47.04
Cash Conversion Cycle (CCC)	98.56	101.85	96.50	95.68	92.71	123.04	113.81	95.64	99.25	110.16	122.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,796	2,501	2,691	2,877	2,970	3,091	3,028	2,985	4,352	4,909	5,152
Invested Capital Turnover	2.28	2.37	2.63	2.77	2.87	2.26	2.53	2.76	2.63	2.32	2.07
Increase / (Decrease) in Invested Capital	251	-295	191	186	94	121	-63	-43	1,368	557	243
Enterprise Value (EV)	3,367	4,181	5,939	5,106	5,163	4,940	6,507	5,365	7,588	6,914	8,541
Market Capitalization	2,482	3,656	5,555	4,742	4,792	4,700	6,684	5,566	6,941	6,157	7,920
Book Value per Share	$24.40	$26.90	$30.84	$34.38	$38.01	$41.86	$46.69	$48.72	$56.64	$63.81	$71.62
Tangible Book Value per Share	$3.87	$5.71	$10.51	$14.17	$17.13	$20.89	$24.64	$25.79	$22.30	$30.19	$37.11
Total Capital	2,839	2,823	3,138	3,332	3,419	3,674	4,023	3,790	4,478	5,114	5,631
Total Debt	928	846	831	818	819	823	819	605	773	962	1,101
Total Long-Term Debt	844	826	808	818	819	818	819	595	598	600	1,100
Net Debt	885	524	384	363	371	240	-177	-201	647	757	621
Capital Expenditures (CapEx)	131	87	63	89	159	130	104	270	325	281	212
Debt-free, Cash-free Net Working Capital (DFCFNWC)	960	748	933	1,125	1,218	1,373	1,144	1,307	1,441	1,698	2,025
Debt-free Net Working Capital (DFNWC)	1,003	1,070	1,380	1,580	1,666	1,956	2,139	2,113	1,566	1,903	2,505
Net Working Capital (NWC)	919	1,050	1,357	1,580	1,666	1,951	2,139	2,104	1,391	1,540	2,504
Net Nonoperating Expense (NNE)	48	38	39	48	36	39	44	67	40	94	79
Net Nonoperating Obligations (NNO)	885	524	384	363	371	240	-177	-201	647	757	621
Total Depreciation and Amortization (D&A)	125	129	130	121	115	104	104	108	160	200	224
Debt-free, Cash-free Net Working Capital to Revenue	15.74%	11.91%	13.66%	14.60%	14.53%	20.02%	14.78%	15.78%	14.92%	15.82%	19.43%
Debt-free Net Working Capital to Revenue	16.44%	17.04%	20.20%	20.50%	19.88%	28.53%	27.65%	25.52%	16.22%	17.73%	24.03%
Net Working Capital to Revenue	15.07%	16.72%	19.87%	20.50%	19.88%	28.45%	27.65%	25.40%	14.40%	14.35%	24.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.94	$2.94	$3.82	$6.38	$8.30	$4.76	$0.00	$0.00	$0.00	$10.41	$10.08
Adjusted Weighted Average Basic Shares Outstanding	74.81M	74.47M	75.17M	71.89M	68.06M	68.19M	67.49M	65.43M	65.58M	64.52M	62.55M
Adjusted Diluted Earnings per Share	$2.90	$2.91	$3.77	$6.29	$8.21	$4.72	$0.00	$0.00	$0.00	$10.35	$10.02
Adjusted Weighted Average Diluted Shares Outstanding	74.81M	74.47M	75.17M	71.89M	68.06M	68.19M	67.49M	65.43M	65.58M	64.52M	62.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	74.81M	74.47M	75.17M	71.89M	68.06M	68.19M	67.49M	65.43M	65.58M	64.52M	62.55M
Normalized Net Operating Profit after Tax (NOPAT)	277	273	325	519	615	360	553	246	638	815	730
Normalized NOPAT Margin	4.55%	4.35%	4.76%	6.74%	7.34%	5.25%	7.14%	2.97%	6.61%	7.60%	7.01%
Pre Tax Income Margin	5.35%	4.89%	6.02%	7.72%	8.96%	6.35%	7.05%	3.33%	8.26%	8.42%	8.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.62	6.05	7.80	9.17	14.67	8.21	12.24	5.98	12.41	8.49	8.09
NOPAT to Interest Expense	3.96	4.21	5.43	7.33	11.31	6.07	11.46	4.51	9.30	6.49	6.17
EBIT Less CapEx to Interest Expense	3.74	4.61	6.74	7.92	11.75	6.02	10.07	0.94	7.67	6.14	6.28
NOPAT Less CapEx to Interest Expense	2.08	2.77	4.38	6.08	8.38	3.88	9.30	-0.54	4.56	4.14	4.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	23.14%	25.83%	21.99%	15.09%	13.03%	25.44%	17.76%	55.95%	17.93%	17.61%	20.15%
Augmented Payout Ratio	114.34%	74.95%	23.67%	69.55%	74.72%	38.13%	38.95%	145.08%	21.69%	34.63%	63.12%

This table displays calculated financial ratios and metrics derived from Oshkosh's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	62,548,631.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	62,548,631.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.69
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	21.44%	11.94%	12.16%	17.98%	9.22%	5.32%	-9.08%	-4.03%	-1.93%	3.49%	0.22%
EBITDA Growth	118.06%	90.52%	82.11%	12.36%	7.45%	3.83%	-24.58%	15.49%	0.34%	-4.93%	-38.74%
EBIT Growth	134.69%	87.83%	88.65%	8.22%	4.13%	5.56%	-31.74%	15.27%	-1.22%	-8.11%	-54.52%
NOPAT Growth	149.45%	56.53%	107.56%	12.47%	2.62%	3.84%	-33.60%	10.76%	5.88%	-9.69%	-50.04%
Net Income Growth	174.59%	100.80%	102.71%	-3.66%	-1.85%	1.53%	-37.46%	21.47%	8.82%	-12.61%	-61.59%
EPS Growth	0.00%	0.00%	102.24%	-4.12%	-1.43%	2.19%	-36.53%	23.44%	10.55%	-9.87%	-60.47%
Operating Cash Flow Growth	3.35%	3.59%	-545.86%	-66.93%	95.74%	64.89%	-10.99%	142.27%	49.95%	-24.11%	59.23%
Free Cash Flow Firm Growth	-2,086.50%	-903.24%	-151.91%	-319.68%	44.35%	68.07%	74.95%	92.38%	121.88%	77.49%	155.03%
Invested Capital Growth	50.29%	45.83%	51.13%	48.93%	20.67%	12.79%	10.13%	6.31%	0.99%	4.94%	-2.53%
Revenue Q/Q Growth	4.01%	-1.72%	3.12%	11.92%	-3.71%	-5.23%	-10.98%	18.13%	-1.59%	0.01%	-13.80%
EBITDA Q/Q Growth	9.47%	-9.39%	12.16%	0.99%	4.69%	-12.43%	-18.53%	54.64%	-9.04%	-17.04%	-47.50%
EBIT Q/Q Growth	8.09%	-16.63%	19.31%	0.66%	4.01%	-15.49%	-22.85%	69.98%	-10.87%	-21.39%	-61.81%
NOPAT Q/Q Growth	11.22%	-15.74%	19.87%	0.12%	1.47%	-14.74%	-23.35%	67.01%	-3.00%	-27.27%	-57.60%
Net Income Q/Q Growth	4.97%	-17.91%	18.97%	-6.02%	6.94%	-15.09%	-26.71%	82.53%	-4.20%	-31.80%	-67.79%
EPS Q/Q Growth	4.49%	-18.28%	0.00%	-5.54%	7.42%	-15.27%	-26.18%	83.72%	-3.80%	-30.92%	-67.62%
Operating Cash Flow Q/Q Growth	231.80%	187.88%	-174.19%	40.70%	254.55%	142.50%	-149.94%	122.59%	448.21%	22.72%	-126.83%
Free Cash Flow Firm Q/Q Growth	-250.84%	9.08%	-24.07%	-6.04%	53.48%	47.83%	2.66%	67.75%	233.59%	-153.68%	337.96%
Invested Capital Q/Q Growth	24.77%	-4.13%	14.79%	8.47%	1.09%	-10.39%	12.08%	4.71%	-3.98%	-6.87%	4.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.65%	18.42%	18.48%	19.18%	18.46%	17.22%	17.29%	19.20%	17.50%	15.77%	13.46%
EBITDA Margin	11.93%	11.00%	11.96%	10.79%	11.73%	10.84%	9.92%	12.99%	12.01%	9.96%	6.07%
Operating Margin	10.22%	8.73%	10.21%	9.16%	9.71%	8.62%	7.58%	10.68%	9.69%	7.88%	3.54%
EBIT Margin	10.32%	8.76%	10.13%	9.11%	9.84%	8.78%	7.61%	10.94%	9.91%	7.79%	3.45%
Profit (Net Income) Margin	7.32%	6.11%	7.05%	5.92%	6.58%	5.89%	4.85%	7.50%	7.30%	4.98%	1.86%
Tax Burden Percent	76.10%	77.25%	75.73%	73.59%	75.72%	76.97%	74.35%	75.60%	82.30%	73.60%	78.79%
Interest Burden Percent	93.17%	90.37%	91.93%	88.32%	88.25%	87.24%	85.79%	90.60%	89.46%	86.78%	68.38%
Effective Tax Rate	22.91%	22.64%	23.09%	23.35%	23.77%	22.73%	24.39%	24.07%	17.49%	26.29%	19.20%
Return on Invested Capital (ROIC)	19.58%	17.78%	18.79%	16.08%	15.66%	15.43%	11.47%	15.06%	15.00%	12.04%	5.49%
ROIC Less NNEP Spread (ROIC-NNEP)	17.09%	10.68%	15.48%	12.47%	13.76%	12.59%	9.79%	13.87%	13.42%	8.78%	3.35%
Return on Net Nonoperating Assets (RNNOA)	2.99%	0.69%	2.69%	2.96%	4.27%	2.25%	2.96%	4.64%	3.68%	1.39%	0.83%
Return on Equity (ROE)	22.57%	18.47%	21.48%	19.04%	19.93%	17.68%	14.43%	19.70%	18.68%	13.43%	6.32%
Cash Return on Invested Capital (CROIC)	-24.86%	-19.89%	-22.85%	-22.44%	-3.37%	4.73%	3.86%	6.94%	12.50%	9.61%	14.69%
Operating Return on Assets (OROA)	12.26%	10.03%	11.58%	10.63%	11.14%	10.15%	8.30%	11.52%	10.39%	8.33%	3.65%
Return on Assets (ROA)	8.69%	7.00%	8.06%	6.91%	7.44%	6.82%	5.30%	7.89%	7.65%	5.32%	1.97%
Return on Common Equity (ROCE)	22.57%	18.47%	21.48%	19.04%	19.93%	17.68%	14.43%	19.70%	18.68%	13.43%	6.32%
Return on Equity Simple (ROE_SIMPLE)	14.74%	0.00%	18.01%	17.39%	16.56%	0.00%	14.50%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	198	167	200	200	203	173	133	221	215	156	66
NOPAT Margin	7.88%	6.75%	7.85%	7.02%	7.40%	6.66%	5.73%	8.11%	7.99%	5.81%	2.86%
Net Nonoperating Expense Percent (NNEP)	2.49%	7.10%	3.31%	3.61%	1.91%	2.84%	1.68%	1.19%	1.57%	3.26%	2.14%
Return On Investment Capital (ROIC_SIMPLE)	-	3.72%	-	-	-	3.38%	2.32%	3.72%	3.74%	2.77%	1.18%
Cost of Revenue to Revenue	81.35%	81.58%	81.52%	80.82%	81.54%	82.78%	82.71%	80.80%	82.50%	84.23%	86.54%
SG&A Expenses to Revenue	8.03%	9.09%	7.74%	7.73%	8.26%	8.05%	9.12%	7.81%	7.30%	7.37%	9.30%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.43%	9.69%	8.27%	10.02%	8.75%	8.60%	9.71%	8.52%	7.81%	7.89%	9.92%
Earnings before Interest and Taxes (EBIT)	259	216	258	259	270	228	176	299	267	210	80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	299	271	304	307	322	282	230	355	323	268	141
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.74	1.87	2.12	1.80	1.59	1.48	1.43	1.64	1.83	1.75	2.06
Price to Tangible Book Value (P/TBV)	4.83	4.76	5.06	3.98	3.51	3.13	2.97	3.25	3.54	3.37	4.00
Price to Revenue (P/Rev)	0.66	0.72	0.82	0.68	0.62	0.57	0.58	0.70	0.80	0.76	0.88
Price to Earnings (P/E)	11.78	11.61	11.77	10.32	9.60	9.04	9.88	11.24	12.46	12.24	15.93
Dividend Yield	2.09%	1.86%	1.04%	1.23%	1.38%	1.94%	2.01%	1.71%	1.53%	1.63%	1.43%
Earnings Yield	8.49%	8.62%	8.49%	9.69%	10.41%	11.07%	10.12%	8.90%	8.03%	8.17%	6.28%
Enterprise Value to Invested Capital (EV/IC)	1.58	1.74	1.86	1.58	1.44	1.41	1.33	1.50	1.68	1.66	1.88
Enterprise Value to Revenue (EV/Rev)	0.76	0.79	0.93	0.82	0.75	0.64	0.70	0.83	0.90	0.82	0.97
Enterprise Value to EBITDA (EV/EBITDA)	8.10	7.50	8.08	7.22	6.56	5.69	6.44	7.25	7.82	7.27	9.30
Enterprise Value to EBIT (EV/EBIT)	9.53	8.91	9.54	8.61	7.88	6.81	7.86	8.86	9.59	8.98	11.82
Enterprise Value to NOPAT (EV/NOPAT)	12.35	11.89	12.51	11.18	10.27	8.91	10.36	11.80	12.52	11.77	15.34
Enterprise Value to Operating Cash Flow (EV/OCF)	12.26	12.66	56.59	107.55	33.06	12.57	14.36	10.62	9.54	10.90	9.93
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	31.56	36.22	22.20	13.51	17.68	12.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.31	0.21	0.32	0.42	0.37	0.23	0.35	0.34	0.27	0.24	0.26
Long-Term Debt to Equity	0.17	0.16	0.16	0.15	0.15	0.14	0.26	0.25	0.24	0.24	0.13
Financial Leverage	0.18	0.06	0.17	0.24	0.31	0.18	0.30	0.33	0.27	0.16	0.25
Leverage Ratio	2.46	2.45	2.46	2.43	2.45	2.36	2.39	2.36	2.28	2.25	2.27
Compound Leverage Factor	2.29	2.21	2.26	2.14	2.16	2.06	2.05	2.13	2.04	1.95	1.55
Debt to Total Capital	23.73%	17.25%	24.48%	29.41%	27.25%	18.81%	25.87%	25.17%	21.00%	19.55%	20.43%
Short-Term Debt to Total Capital	10.87%	3.91%	12.65%	18.64%	16.57%	7.08%	6.63%	6.70%	1.86%	0.01%	9.73%
Long-Term Debt to Total Capital	12.86%	13.34%	11.82%	10.77%	10.68%	11.72%	19.24%	18.47%	19.15%	19.54%	10.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	76.27%	82.75%	75.52%	70.59%	72.75%	81.19%	74.13%	74.83%	79.00%	80.45%	79.57%
Debt to EBITDA	1.25	0.76	1.08	1.38	1.28	0.79	1.30	1.26	1.01	0.94	1.06
Net Debt to EBITDA	1.13	0.64	1.02	1.26	1.14	0.62	1.11	1.10	0.84	0.53	0.83
Long-Term Debt to EBITDA	0.68	0.59	0.52	0.51	0.50	0.49	0.96	0.93	0.93	0.94	0.55
Debt to NOPAT	1.90	1.21	1.67	2.14	2.00	1.24	2.09	2.05	1.63	1.52	1.74
Net Debt to NOPAT	1.72	1.01	1.58	1.96	1.79	0.98	1.79	1.79	1.34	0.86	1.36
Long-Term Debt to NOPAT	1.03	0.94	0.81	0.78	0.78	0.77	1.55	1.51	1.48	1.52	0.91
Altman Z-Score	2.62	2.67	2.76	2.66	2.64	2.76	2.69	2.84	3.06	2.94	3.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.45	1.45	1.43	1.44	1.46	1.52	1.77	1.84	1.98	1.94	1.63
Quick Ratio	0.77	0.72	0.72	0.77	0.75	0.70	0.80	0.86	0.94	0.99	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,321	-1,201	-1,490	-1,581	-735	-384	-373	-120	161	-86	205
Operating Cash Flow to CapEx	169.65%	492.91%	-355.44%	-534.18%	605.01%	903.77%	-979.90%	219.70%	857.89%	812.04%	0.00%
Free Cash Flow to Firm to Interest Expense	-67.41	-53.87	-66.54	-49.39	-21.88	-12.18	-13.83	-4.00	5.26	-2.89	6.89
Operating Cash Flow to Interest Expense	8.50	21.51	-15.88	-6.59	9.71	25.10	-14.63	2.96	15.98	20.07	-5.40
Operating Cash Flow Less CapEx to Interest Expense	3.49	17.14	-20.35	-7.83	8.10	22.33	-16.12	1.61	14.12	17.60	-5.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.15	1.14	1.17	1.13	1.16	1.09	1.05	1.05	1.07	1.06
Accounts Receivable Turnover	4.85	5.94	4.74	4.52	4.51	5.39	4.86	4.40	4.53	5.15	4.97
Inventory Turnover	4.26	3.99	3.95	4.09	3.97	3.98	3.65	3.61	3.55	3.71	3.47
Fixed Asset Turnover	11.35	10.19	10.06	10.39	10.09	9.39	9.05	8.87	8.63	8.38	8.46
Accounts Payable Turnover	7.44	6.81	7.55	7.97	8.03	7.43	8.48	8.41	8.42	7.76	8.86
Days Sales Outstanding (DSO)	75.20	61.41	77.00	80.82	80.91	67.68	75.03	82.90	80.60	70.92	73.38
Days Inventory Outstanding (DIO)	85.76	91.45	92.51	89.13	91.90	91.60	99.95	101.09	102.73	98.44	105.29
Days Payable Outstanding (DPO)	49.09	53.61	48.35	45.77	45.43	49.12	43.07	43.38	43.35	47.04	41.19
Cash Conversion Cycle (CCC)	111.86	99.25	121.16	124.18	127.37	110.16	131.91	140.62	139.98	122.32	137.49
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,540	4,352	4,996	5,419	5,478	4,909	5,502	5,761	5,532	5,152	5,363
Invested Capital Turnover	2.49	2.63	2.39	2.29	2.12	2.32	2.00	1.86	1.88	2.07	1.92
Increase / (Decrease) in Invested Capital	1,519	1,368	1,690	1,781	938	557	506	342	54	243	-139
Enterprise Value (EV)	7,150	7,588	9,280	8,539	7,898	6,914	7,338	8,616	9,295	8,541	10,104
Market Capitalization	6,154	6,941	8,110	7,045	6,522	6,157	6,070	7,309	8,301	7,920	9,208
Book Value per Share	$54.26	$56.64	$58.35	$60.01	$63.02	$63.81	$65.63	$69.20	$70.90	$71.62	$71.41
Tangible Book Value per Share	$19.53	$22.30	$24.46	$27.07	$28.51	$30.19	$31.70	$34.91	$36.66	$37.11	$36.85
Total Capital	4,646	4,478	5,066	5,561	5,639	5,114	5,712	5,953	5,744	5,631	5,613
Total Debt	1,103	773	1,240	1,636	1,537	962	1,478	1,498	1,206	1,101	1,147
Total Long-Term Debt	598	598	599	599	602	600	1,099	1,100	1,100	1,100	601
Net Debt	996	647	1,170	1,494	1,376	757	1,267	1,307	995	621	897
Capital Expenditures (CapEx)	98	97	100	40	54	88	40	41	57	74	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,799	1,441	1,983	2,446	2,374	1,698	2,271	2,494	2,335	2,025	2,277
Debt-free Net Working Capital (DFNWC)	1,906	1,566	2,053	2,587	2,535	1,903	2,481	2,685	2,547	2,505	2,527
Net Working Capital (NWC)	1,401	1,391	1,412	1,551	1,600	1,540	2,103	2,287	2,440	2,504	1,981
Net Nonoperating Expense (NNE)	14	16	20	31	23	20	20	17	19	22	23
Net Nonoperating Obligations (NNO)	996	647	1,170	1,494	1,376	757	1,267	1,307	995	621	897
Total Depreciation and Amortization (D&A)	40	55	47	48	52	54	54	56	56	58	61
Debt-free, Cash-free Net Working Capital to Revenue	19.15%	14.92%	19.96%	23.59%	22.40%	15.82%	21.63%	24.01%	22.60%	19.43%	21.84%
Debt-free Net Working Capital to Revenue	20.28%	16.22%	20.67%	24.95%	23.92%	17.73%	23.63%	25.86%	24.65%	24.03%	24.24%
Net Working Capital to Revenue	14.91%	14.40%	14.21%	14.96%	15.10%	14.35%	20.03%	22.02%	23.62%	24.03%	19.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$2.31	$2.73	$2.57	$2.76	$2.35	$1.73	$3.17	$3.06	$2.12	$0.69
Adjusted Weighted Average Basic Shares Outstanding	65.41M	65.58M	65.40M	65.09M	65.06M	64.52M	64.37M	64.00M	63.25M	62.55M	62.35M
Adjusted Diluted Earnings per Share	$0.00	$2.28	$2.71	$2.56	$2.75	$2.33	$1.72	$3.16	$3.04	$2.10	$0.68
Adjusted Weighted Average Diluted Shares Outstanding	65.41M	65.58M	65.40M	65.09M	65.06M	64.52M	64.37M	64.00M	63.25M	62.55M	62.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	65.41M	65.58M	65.40M	65.09M	65.06M	64.52M	64.37M	64.00M	63.25M	62.55M	62.35M
Normalized Net Operating Profit after Tax (NOPAT)	198	167	200	240	203	173	133	226	215	156	66
Normalized NOPAT Margin	7.88%	6.75%	7.85%	8.41%	7.40%	6.66%	5.73%	8.27%	7.99%	5.81%	2.86%
Pre Tax Income Margin	9.62%	7.91%	9.31%	8.05%	8.69%	7.66%	6.52%	9.92%	8.87%	6.76%	2.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.22	9.69	11.50	8.11	8.03	7.24	6.51	9.93	8.71	7.01	2.68
NOPAT to Interest Expense	10.09	7.47	8.92	6.25	6.04	5.49	4.91	7.36	7.02	5.23	2.22
EBIT Less CapEx to Interest Expense	8.21	5.32	7.04	6.87	6.43	4.46	5.02	8.58	6.85	4.54	2.68
NOPAT Less CapEx to Interest Expense	5.08	3.11	4.45	5.01	4.44	2.71	3.42	6.01	5.16	2.75	2.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.01%	17.93%	16.04%	16.67%	17.23%	17.61%	19.99%	19.30%	19.24%	20.15%	23.03%
Augmented Payout Ratio	24.33%	21.69%	19.29%	24.66%	26.87%	34.63%	41.09%	39.30%	50.71%	63.12%	74.36%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Oshkosh Corp (OSK) using the provided quarterly statements over the last four years (2022–2025). The focus is on trends in revenue, profitability, liquidity, and cash flow for retail investors.

Operating cash flow remained solid in late 2025, with Net Cash From Continuing Operating Activities about $600.1 million in Q4 2025 and $489.0 million in Q3 2025, signaling strong core cash generation.
Free cash flow in Q4 2025 was roughly $0.53 billion (about $600.1 million operating cash flow minus around $68.6 million in capital expenditures), suggesting capacity to fund dividends and modest shareholder returns from cash flow.
Dividend per share remained stable at $0.51 per quarter, providing predictable cash returns to shareholders.
Revenue per quarter generally sits in the $2.3–2.7 billion band across 2025 and 2024, indicating a flat to modestly improving top line amid cyclical end-markets.
Earnings per share show quarterly volatility; diluted EPS ranges about $2.1–$3.0 in 2025 vs roughly $2.3–$3.1 in 2024, reflecting mix and occasional tax/shares effects rather than a clear uptrend.
Cash and equivalents typically run around $190–$212 million per quarter, and total assets sit near $9.8–10.0 billion, indicating a modest but adequate liquidity and asset base.
Debt levels appear manageable, with long-term debt around $1.0–$1.1 billion mid-2025 and total liabilities near $5.3 billion, though debt management should be watched as capex continues.
Gross margin has declined modestly, with gross margins in the mid-teens (about 15–16% in late 2024 through 2025), suggesting rising cost pressures or shifts in product mix.
Net income and EPS have shown softness in parts of 2025 relative to 2024, with diluted EPS around $2.1 in Q4 2025 versus about $3.0 in Q4 2024, indicating earnings headwinds or dilution effects.
Some quarters (notably Q1 2025) show negative operating cash flow, highlighting working-capital volatility and timing effects in receivables/payables and capital cycles.

Overall, Oshkosh demonstrates solid operating cash generation and a stable dividend, but profitability margins and quarterly cash flow timing indicate continued sensitivity to costs and working-capital dynamics. Investors should monitor margin trends, capex pace, and how the company funds ongoing capital needs relative to dividends and potential share activities.

05/14/26 03:10 PM ETAI Generated. May Contain Errors.

Oshkosh Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Oshkosh's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Oshkosh's net income appears to be on an upward trend, with a most recent value of $647 million in 2025, rising from $229.50 million in 2015. The previous period was $681.40 million in 2024. View Oshkosh's forecast to see where analysts expect Oshkosh to go next.

Oshkosh's total operating income in 2025 was $939.50 million, based on the following breakdown:

Total Gross Profit: $1.82 billion
Total Operating Expenses: $879.50 million

Over the last 10 years, Oshkosh's total revenue changed from $6.10 billion in 2015 to $10.42 billion in 2025, a change of 70.9%.

Oshkosh's total liabilities were at $5.54 billion at the end of 2025, a 5.1% increase from 2024, and a 109.8% increase since 2015.

In the past 10 years, Oshkosh's cash and equivalents has ranged from $42.90 million in 2015 to $995.70 million in 2021, and is currently $479.80 million as of their latest financial filing in 2025.

Over the last 10 years, Oshkosh's book value per share changed from 24.40 in 2015 to 71.62 in 2025, a change of 193.5%.

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Financial statements for NYSE:OSK last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Oshkosh (OSK) Financials

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