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Oshkosh Corp. (OSK) Fundamental Analysis & AI Grade 2026

OSK NYSE Motor Vehicles & Passenger Car Bodies WI CIK: 0000775158
Updated This Month • Analysis: May 9, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
74% Confidence
NEUTRAL
C
78% Conf
A
70% Conf

📊 OSK Key Takeaways

Revenue: $2.3B
Net Margin: 1.9%
Free Cash Flow: $-189.1M
Current Ratio: 1.63x
Debt/Equity: 0.13x
EPS: $1.14
AI Grade: C with 78% confidence
Oshkosh Corp. (OSK) receives a B fundamental grade with 74% confidence from our AI analysis based on SEC 10-K filings. With revenue of $2.3B, net profit margin of 1.9%, and return on equity (ROE) of 1.0%, Oshkosh Corp. demonstrates mixed fundamentals in the Automotive sector. Below is our complete OSK stock analysis for 2026.

Is Oshkosh Corp. (OSK) a Good Investment?

Claude

Oshkosh Corp demonstrates critical operational stress with negative free cash flow of $189.1M and negative operating cash flow despite $2.3B in revenue, indicating severe cash generation challenges. Profitability metrics are concerning with 1.9% net margin, 1.0% ROE, and 0.4% ROA, suggesting poor capital efficiency and unsustainable operations even with conservative leverage.

ChatGPT

Oshkosh shows healthy core profitability (9% operating margin, 6.2% net) with strong free cash flow and a conservatively levered balance sheet, supporting resilience through cycles. Cash generation outpaces net income, and liquidity is solid, enabling investment and flexibility. The outsized reported revenue growth looks non-repeatable, so forward results should normalize, but fundamentals remain attractive.

Oshkosh Corp. Key Strengths (OSK)

Claude
  • + Low debt-to-equity ratio (0.13x) provides financial flexibility and conservative leverage structure
  • + Substantial cash reserves of $250.3M provide near-term operational cushion
  • + Reasonable current ratio of 1.63x demonstrates adequate short-term liquidity position
ChatGPT
  • + Solid operating and net margins with double-digit ROE
  • + Strong free cash flow and cash conversion relative to earnings
  • + Low leverage and good liquidity (current and quick ratios)

OSK Stock Risks: Oshkosh Corp. Investment Risks

Claude
  • ! Negative free cash flow of -$189.1M indicates company is burning cash rather than generating it, a critical sustainability issue
  • ! Negative operating cash flow of -$161.0M shows inability to convert revenue into cash from core operations
  • ! Extremely poor returns (ROE 1.0%, ROA 0.4%) and thin net margin (1.9%) indicate severe profitability and capital efficiency problems
  • ! Quick ratio of 0.83x below 1.0 signals potential short-term liquidity stress
  • ! Massive 9670% YoY revenue growth likely driven by acquisition, making organic performance assessment impossible
ChatGPT
  • ! Extraordinary YoY revenue surge likely base-effect or one-off; growth normalization risk
  • ! Cyclical demand and government contract timing can drive volatility
  • ! Input cost/supply chain pressures could compress margins and tie up working capital

Key Metrics to Watch

Claude
  • * Operating cash flow trend - critical to determine if negative cash burn is reversing
  • * Free cash flow sustainability - must return to positive before cash reserves deplete
  • * Net margin improvement - assess if operations can achieve acceptable profitability levels
  • * Cash balance trajectory - monitor depletion rate at current burn rate
ChatGPT
  • * Backlog/book-to-bill
  • * Operating margin

Oshkosh Corp. (OSK) Financial Metrics & Key Ratios

Revenue
$2.3B
Net Income
$43.1M
EPS (Diluted)
$1.14
Free Cash Flow
$-189.1M
Total Assets
$10.0B
Cash Position
$250.3M

💡 AI Analyst Insight

Oshkosh Corp. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

OSK Profit Margin, ROE & Profitability Analysis

Gross Margin 13.5%
Operating Margin 3.5%
Net Margin 1.9%
ROE 1.0%
ROA 0.4%
FCF Margin -8.2%

OSK vs Automotive Sector: How Oshkosh Corp. Compares

How Oshkosh Corp. compares to Automotive sector averages

Net Margin
OSK 1.9%
vs
Sector Avg 6.0%
OSK Sector
ROE
OSK 1.0%
vs
Sector Avg 12.0%
OSK Sector
Current Ratio
OSK 1.6x
vs
Sector Avg 1.2x
OSK Sector
Debt/Equity
OSK 0.1x
vs
Sector Avg 1.0x
OSK Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Oshkosh Corp. Stock Overvalued? OSK Valuation Analysis 2026

Based on fundamental analysis, Oshkosh Corp. has mixed fundamental signals relative to the Automotive sector in 2026.

Return on Equity
1.0%
Sector avg: 12%
Net Profit Margin
1.9%
Sector avg: 6%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.13x
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Oshkosh Corp. Balance Sheet: OSK Debt, Cash & Liquidity

Current Ratio
1.63x
Quick Ratio
0.83x
Debt/Equity
0.13x
Debt/Assets
0.0%
Interest Coverage
N/A
Long-term Debt
$600.6M

OSK Revenue & Earnings Growth: 5-Year Financial Trend

OSK 5-year financial data: Year 2021: Revenue $8.4B, Net Income $579.4M, EPS N/A. Year 2022: Revenue $8.3B, Net Income $321.5M, EPS $1.05. Year 2023: Revenue $9.7B, Net Income $508.9M, EPS N/A. Year 2024: Revenue $10.7B, Net Income $173.9M, EPS N/A. Year 2025: Revenue $10.7B, Net Income $598.0M, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Oshkosh Corp.'s revenue has grown significantly by 28% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.05 reflects profitable operations.

OSK Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-8.2%
Free cash flow / Revenue

OSK Quarterly Earnings & Performance

Quarterly financial performance data for Oshkosh Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $2.3B $43.1M $0.68
Q3 2025 $2.7B $180.3M $2.75
Q2 2025 $2.7B $168.6M $2.56
Q1 2025 $2.3B $112.2M $1.72
Q3 2024 $2.5B $180.3M $2.75
Q2 2024 $2.4B $168.6M $2.56
Q1 2024 $2.3B $88.5M $1.34
Q3 2023 $2.1B $66.9M $1.02

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Oshkosh Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$161.0M
Cash generated from operations
Stock Buybacks
$47.3M
Shares repurchased (TTM)
Capital Expenditures
$28.1M
Investment in assets
Dividends Paid
$35.6M
Returned to shareholders

OSK SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Oshkosh Corp. (CIK: 0000775158)

📋 Recent SEC Filings

Date Form Document Action
May 13, 2026 4 xslF345X06/form4.xml View →
May 8, 2026 10-Q osk-20260331.htm View →
May 8, 2026 8-K tm2614002d1_8k.htm View →
May 8, 2026 8-K osk-20260508.htm View →
May 6, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about OSK

What is the AI rating for OSK?

Oshkosh Corp. (OSK) has a Combined AI Grade of B from Claude (C) and ChatGPT (A) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are OSK's key strengths?

Claude: Low debt-to-equity ratio (0.13x) provides financial flexibility and conservative leverage structure. Substantial cash reserves of $250.3M provide near-term operational cushion. ChatGPT: Solid operating and net margins with double-digit ROE. Strong free cash flow and cash conversion relative to earnings.

What are the risks of investing in OSK?

Claude: Negative free cash flow of -$189.1M indicates company is burning cash rather than generating it, a critical sustainability issue. Negative operating cash flow of -$161.0M shows inability to convert revenue into cash from core operations. ChatGPT: Extraordinary YoY revenue surge likely base-effect or one-off; growth normalization risk. Cyclical demand and government contract timing can drive volatility.

What is OSK's revenue and growth?

Oshkosh Corp. reported revenue of $2.3B.

Does OSK pay dividends?

Oshkosh Corp. pays dividends, with $35.6M distributed to shareholders in the trailing twelve months.

Where can I find OSK SEC filings?

Official SEC filings for Oshkosh Corp. (CIK: 0000775158) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is OSK's EPS?

Oshkosh Corp. has a diluted EPS of $1.14.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is OSK's fundamental grade?

Based on our AI fundamental analysis in May 2026, Oshkosh Corp. has a B grade with 74% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is OSK stock overvalued or undervalued?

Valuation metrics for OSK: ROE of 1.0% (sector avg: 12%), net margin of 1.9% (sector avg: 6%). Compare these metrics with sector averages to assess valuation.

What is OSK's AI grade for 2026?

Our dual AI analysis gives Oshkosh Corp. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is OSK's free cash flow?

Oshkosh Corp.'s operating cash flow is $-161.0M, with capital expenditures of $28.1M. FCF margin is -8.2%.

How does OSK compare to other Automotive stocks?

Vs Automotive sector averages: Net margin 1.9% (avg: 6%), ROE 1.0% (avg: 12%), current ratio 1.63 (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-31 | Powered by Claude AI