Oshkosh Corporation (OSK) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Agricultural - Machinery
EV/EBITDA
↑
57.82
↑+274% vs avg
5yr avg: 15.47
30Y Low2.2·High48.9
P/FCF
↑
107.67
↑+259% vs avg
5yr avg: 29.97
30Y Low2.5·High82.8
P/B Ratio
↑
11.51
↑+219% vs avg
5yr avg: 3.61
30Y Low0.7·High10.4
ROE
↓
14.9%
↓+4% vs avg
5yr avg: 14.4%
30Y Low-115%·High86%
Debt/EBITDA
↑
1.32
↑+24% vs avg
5yr avg: 1.07
30Y Low0.2·High29.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OSK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Oshkosh Corporation trades at 13.9x earnings, 16% below its 5-year average of 16.5x, sitting at the 61st percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 46%. On a free-cash-flow basis, the stock trades at 107.7x P/FCF, 259% above the 5-year average of 30.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $66.5B | $47.0B | $6.2B | $7.1B | $5.8B | $7.8B | $5.9B | $5.3B | $5.3B | $6.3B | $4.2B |
| Enterprise Value | $67.6B | $48.0B | $7.0B | $7.8B | $5.6B | $7.6B | $6.2B | $5.7B | $5.7B | $6.6B | $4.7B |
| P/E Ratio → | 13.93 | 12.54 | 9.16 | 11.94 | 33.53 | 15.33 | 18.24 | 9.23 | 11.33 | 21.89 | 19.24 |
| P/S Ratio | 6.38 | 4.51 | 0.58 | 0.74 | 0.70 | 1.01 | 0.86 | 0.64 | 0.69 | 0.92 | 0.66 |
| P/B Ratio | 11.51 | 10.37 | 1.50 | 1.93 | 1.83 | 2.43 | 2.08 | 2.06 | 2.13 | 2.71 | 2.11 |
| P/FCF | 107.67 | 75.99 | 23.20 | 26.03 | 17.58 | 7.05 | 30.04 | 13.57 | 15.89 | 46.93 | 9.13 |
| P/OCF | 84.94 | 59.94 | 11.35 | 11.91 | 9.70 | 6.39 | 18.09 | 9.41 | 12.24 | 25.38 | 7.22 |
P/E links to full P/E history page with 30-year chart
OSK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Oshkosh Corporation's enterprise value stands at 57.8x EBITDA, 274% above its 5-year average of 15.5x. The Industrials sector median is 13.8x, placing the stock at a 318% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.61 | 0.65 | 0.81 | 0.68 | 0.99 | 0.90 | 0.68 | 0.74 | 0.97 | 0.75 |
| EV / EBITDA | 57.82 | 41.07 | 5.78 | 7.81 | 11.73 | 10.95 | 10.46 | 6.27 | 7.35 | 11.05 | 9.52 |
| EV / EBIT | 71.53 | 50.05 | 6.85 | 8.99 | 17.12 | 12.85 | 12.46 | 7.10 | 8.57 | 14.09 | 12.77 |
| EV / FCF | — | 77.71 | 26.01 | 28.39 | 16.97 | 6.89 | 31.26 | 14.51 | 16.97 | 49.81 | 10.28 |
OSK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Oshkosh Corporation earns an operating margin of 9.1%, above the Industrials sector average of 4.3%. ROE of 14.9% is modest. ROIC of 13.5% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.9% | 16.9% | 18.4% | 17.4% | 12.7% | 16.4% | 16.3% | 18.1% | 17.6% | 17.3% | 16.8% |
| Operating Margin | 9.1% | 9.1% | 9.4% | 8.7% | 4.5% | 7.7% | 7.1% | 9.5% | 8.5% | 6.9% | 5.8% |
| Net Profit Margin | 6.2% | 6.2% | 6.4% | 6.2% | 2.1% | 6.6% | 4.7% | 6.9% | 6.1% | 4.2% | 3.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.9% | 14.9% | 17.3% | 17.4% | 5.4% | 16.8% | 11.8% | 22.7% | 19.6% | 13.3% | 11.1% |
| ROA | 6.6% | 6.6% | 7.3% | 7.1% | 2.4% | 8.0% | 5.6% | 10.7% | 9.1% | 5.9% | 4.7% |
| ROIC | 13.5% | 13.5% | 16.4% | 17.1% | 9.3% | 14.5% | 12.0% | 20.4% | 17.7% | 13.6% | 10.3% |
| ROCE | 13.7% | 13.7% | 16.2% | 14.8% | 7.4% | 13.2% | 12.0% | 21.5% | 18.7% | 14.3% | 11.6% |
OSK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Oshkosh Corporation carries a Debt/EBITDA ratio of 1.3x, which is manageable (59% below the sector average of 3.2x). Net debt stands at $1.1B ($1.5B total debt minus $480M cash). Interest coverage of 8.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.34 | 0.23 | 0.21 | 0.19 | 0.26 | 0.29 | 0.32 | 0.33 | 0.36 | 0.43 |
| Debt / EBITDA | 1.32 | 1.32 | 0.79 | 0.77 | 1.26 | 1.18 | 1.40 | 0.90 | 1.05 | 1.38 | 1.72 |
| Net Debt / Equity | — | 0.24 | 0.18 | 0.17 | -0.06 | -0.06 | 0.08 | 0.14 | 0.14 | 0.17 | 0.27 |
| Net Debt / EBITDA | 0.91 | 0.91 | 0.63 | 0.65 | -0.42 | -0.25 | 0.41 | 0.41 | 0.47 | 0.64 | 1.06 |
| Debt / FCF | — | 1.72 | 2.81 | 2.36 | -0.61 | -0.16 | 1.22 | 0.94 | 1.08 | 2.88 | 1.15 |
| Interest Coverage | 8.16 | 8.16 | 8.56 | 12.63 | 6.16 | 12.31 | 8.34 | 14.80 | 9.39 | 7.88 | 6.08 |
OSK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.94x means Oshkosh Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.05x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.45x to 1.94x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.94 | 1.94 | 1.52 | 1.45 | 1.87 | 2.00 | 2.23 | 1.96 | 1.93 | 1.81 | 1.77 |
| Quick Ratio | 1.05 | 1.05 | 0.76 | 0.76 | 1.10 | 1.27 | 1.28 | 1.24 | 1.21 | 1.09 | 1.05 |
| Cash Ratio | 0.18 | 0.18 | 0.07 | 0.04 | 0.33 | 0.46 | 0.37 | 0.26 | 0.27 | 0.27 | 0.24 |
| Asset Turnover | — | 1.03 | 1.14 | 1.06 | 1.07 | 1.13 | 1.18 | 1.51 | 1.46 | 1.34 | 1.39 |
| Inventory Turnover | 3.65 | 3.65 | 3.87 | 3.74 | 3.87 | 4.17 | 3.81 | 5.50 | 5.17 | 4.71 | 5.33 |
| Days Sales Outstanding | — | 77.44 | 66.07 | 80.51 | 78.00 | 78.52 | 71.39 | 71.06 | 72.08 | 69.81 | 59.40 |
OSK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Oshkosh Corporation returns 0.7% to shareholders annually — split between a 0.3% dividend yield and 0.4% buyback yield. The payout ratio of 20.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.3% | 1.9% | 1.5% | 1.7% | 1.2% | 1.4% | 1.4% | 1.3% | 1.0% | 1.3% |
| Payout Ratio | 20.2% | 20.2% | 17.6% | 17.9% | 56.0% | 17.8% | 25.4% | 13.0% | 15.1% | 22.0% | 25.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 8.0% | 10.9% | 8.4% | 3.0% | 6.5% | 5.5% | 10.8% | 8.8% | 4.6% | 5.2% |
| FCF Yield | 0.9% | 1.3% | 4.3% | 3.8% | 5.7% | 14.2% | 3.3% | 7.4% | 6.3% | 2.1% | 11.0% |
| Buyback Yield | 0.4% | 0.6% | 1.9% | 0.3% | 2.7% | 1.6% | 0.9% | 6.7% | 4.8% | 0.1% | 2.4% |
| Total Shareholder Yield | 0.7% | 0.9% | 3.8% | 1.8% | 4.3% | 2.7% | 2.3% | 8.1% | 6.1% | 1.1% | 3.7% |
| Shares Outstanding | — | $374M | $66M | $66M | $66M | $69M | $69M | $71M | $75M | $76M | $74M |
Peer Comparison
Compare OSK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OSKYou | $67B | 13.9 | 57.8 | 107.7 | 16.9% | 9.1% | 14.9% | 13.5% | 1.3 |
 CMI | $99B | 35.0 | 21.0 | 41.5 | 25.3% | 11.5% | 23.0% | 16.1% | 1.6 |
 PCAR | $63B | 26.4 | 14.1 | 20.7 | 16.2% | 10.4% | 12.9% | 12.2% | — |
 CNH | $13B | 25.5 | 10.8 | 6.5 | 31.4% | 15.4% | 6.5% | 6.6% | 7.9 |
 TEX | $4B | 20.1 | 10.2 | 13.7 | 19.4% | 8.8% | 11.3% | 8.6% | 4.4 |
 MAN | $2B | -115.7 | 9.5 | — | 16.7% | 1.3% | -0.6% | 5.6% | 7.4 |
 AGCO | $8B | 11.7 | 9.8 | 11.1 | 24.8% | 6.9% | 16.9% | 8.3% | 2.6 |
 DE | $159B | 31.9 | 20.2 | 49.2 | 36.5% | 18.8% | 20.5% | 7.8% | 6.0 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 REVG | $3B | 33.8 | 14.4 | 16.4 | 15.0% | 7.8% | 22.4% | 29.9% | 0.3 |
 HLMN | $2B | 40.3 | 9.2 | 45.1 | 39.6% | 7.6% | 3.3% | 4.5% | 3.2 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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OSK — Frequently Asked Questions
Quick answers to the most common questions about buying OSK stock.
What is Oshkosh Corporation's P/E ratio?
Oshkosh Corporation's current P/E ratio is 13.9x. The historical average is 14.6x. This places it at the 61th percentile of its historical range.
What is Oshkosh Corporation's EV/EBITDA?
Oshkosh Corporation's current EV/EBITDA is 57.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
What is Oshkosh Corporation's ROE?
Oshkosh Corporation's return on equity (ROE) is 14.9%. The historical average is 13.1%.
Is OSK stock overvalued?
Based on historical data, Oshkosh Corporation is trading at a P/E of 13.9x. This is at the 61th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Oshkosh Corporation's dividend yield?
Oshkosh Corporation's current dividend yield is 0.25% with a payout ratio of 20.2%.
What are Oshkosh Corporation's profit margins?
Oshkosh Corporation has 16.9% gross margin and 9.1% operating margin.
How much debt does Oshkosh Corporation have?
Oshkosh Corporation's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.