OSKOshkosh Corporation
Is the business good?
A genuinely good business: earnings fully cash-backed (1.5×) and margins widening.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
A balanced mix of margins, efficiency, and leverage. ROE 14% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is OSK?
Oshkosh Corporation earns 12% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 3.5 points above what the capital costs: growth creates value
- Operating margin
- 8.1%
Operating margin · Farm & Heavy Construction Machinery median 5.1% · 12 months to Q1 2027
- Cash conversion
- 1.54×
Cash conversion · 0.72× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −2.7%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 7.1% |
| FY2021 | 7.6% |
| FY2023 | 4.5% |
| FY2024 | 8.7% |
| FY2025 | 9.4% |
| FY2026 | 9.0% |
Details›
- Gross margin12 months to Q1 2027
- 17%
- Operating margin12 months to Q1 2027
- 8.1%
- Net margin12 months to Q1 2027
- 5.5%
- Free cash flow margin
- 8.0%
- R&D as % of revenue
- 1.6%
- Revenue, trailing twelve months
- $10.4B
- Free cash flow, trailing twelve months
- $836M
- Net income, trailing twelve months
- $578M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 12%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Farm & Heavy Construction Machinery
Ranks #1 of 14 by RyuScore