OSK vs CMI vs PCAR vs CNH vs TEX

For growth investors, Terex Corporation (TEX) is the stronger pick with 5.

7% revenue growth year-over-year, versus -15. 5% for PACCAR Inc (PCAR). Oshkosh Corporation (OSK) offers the better valuation at 15. 3x trailing P/E (13. 7x forward), making it the more compelling value choice. Analysts rate Oshkosh Corporation (OSK) a "Buy" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Oshkosh Corporation (OSK) is the cheapest at 15.

3x versus Cummins Inc. at 33. 3x. On forward P/E, Terex Corporation is actually cheaper at 13. 1x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Terex Corporation wins at 0. 14x versus Oshkosh Corporation's 2. 86x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Cummins Inc.

(CMI) delivered a total return of +168. 7%, compared to -27. 3% for CNH Industrial N. V. (CNH). Over 10 years, the gap is even starker: CMI returned +557. 4% versus CNH's +87. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), PACCAR Inc (PCAR) is the lower-risk stock at 1.

01β versus Terex Corporation's 2. 13β — meaning TEX is approximately 112% more volatile than PCAR relative to the S&P 500. On balance sheet safety, Oshkosh Corporation (OSK) carries a lower debt/equity ratio of 24% versus 3% for CNH Industrial N. V. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Terex Corporation (TEX) is pulling ahead at 5.

7% versus -15. 5% for PACCAR Inc (PCAR). On earnings-per-share growth, the picture is similar: Oshkosh Corporation grew EPS -3. 5% year-over-year, compared to -58. 6% for CNH Industrial N. V.. Over a 3-year CAGR, OSK leads at 11. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Cummins Inc.

(CMI) is the more profitable company, earning 8. 4% net margin versus 2. 8% for CNH Industrial N. V. — meaning it keeps 8. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CNH leads at 15. 4% versus 8. 8% for TEX. At the gross margin level — before operating expenses — CNH leads at 31. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Terex Corporation (TEX) is the more undervalued stock at a PEG of 0. 14x versus Oshkosh Corporation's 2. 86x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Terex Corporation (TEX) trades at 13. 1x forward P/E versus 26. 1x for CNH Industrial N. V. — 13. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TEX: 27. 7% to $80. 25.

All stocks in this comparison pay dividends.

PACCAR Inc (PCAR) offers the highest yield at 3. 8%, versus 0. 2% for Oshkosh Corporation (OSK).

For long-horizon retirement investors, PACCAR Inc (PCAR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.

01), 3. 8% yield, +269. 8% 10Y return). Terex Corporation (TEX) carries a higher beta of 2. 13 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PCAR: +269. 8%, TEX: +188. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: OSK is a small-cap deep-value stock; CMI is a mid-cap quality compounder stock; PCAR is a mid-cap income-oriented stock; CNH is a mid-cap quality compounder stock; TEX is a small-cap quality compounder stock. CMI, PCAR, CNH, TEX pay a dividend while OSK does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.