Oshkosh
Builds access equipment, specialty vehicles, and defense and postal-delivery systems.
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Profile
Builds access equipment, municipal and airport vehicles, defense mobility, and postal-delivery vehicles through Access, Vocational, and Transport. Its Transport business serves the U.S. government and the Postal Service's next-generation delivery-vehicle program.
Built around three operating lines—Access, Vocational, and Transport—the portfolio pairs JLG aerial work platforms and telehandlers with Pierce fire apparatus, McNeilus refuse and recycling vehicles, airport ground-support equipment, and jet bridges.
Access equipment serves construction, industrial, agriculture, and maintenance uses, while Vocational supplies municipal and airport applications. Transport combines Oshkosh Defense with Oshkosh Delivery, serving U.S. and approved foreign military customers and the U.S. Postal Service's next-generation delivery-vehicle program.
The U.S. government is an important customer, particularly in Transport. The postal contract permits deliveries of battery-electric and low-emission internal-combustion vehicles.
Company facts
Categories
Key statistics
Year to date +16.5% · Average volume (30d) 777.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | DA Davidson | Reiterate | Buy | $168 | $176 | |
| Jul 29, 2026 | Robert W. Baird | Target | $172 | $180 | ||
| Jul 29, 2026 | Barclays | Reiterate | Overweight | $150 | $170 | |
| Jul 2, 2026 | Truist Financial | Target | $183 | $190 | ||
| May 12, 2026 | Morgan Stanley | Reiterate | Equal Weight | $147 | $150 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $2.63 | $2.87 | +9.1% | $2.80B | $2.92B | +4.0% | −6.35% |
| May 8, 2026Q1 FY26 | $1.04 | $0.85 | −18.3% | $2.29B | $2.32B | +1.1% | −2.86% |
| Jan 29, 2026Q4 FY25 | $2.33 | $2.26 | −3.0% | $2.60B | $2.69B | +3.5% | −1.05% |
| Oct 29, 2025Q3 FY25 | $3.10 | $3.20 | +3.2% | $2.84B | $2.69B | −5.2% | −1.26% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.31B | $2.73B | $2.69B | $2.69B | $2.32B | $2.92B | |
| Gross profit | $399.9M | $524.5M | $470.5M | $424.1M | $311.9M | $480.3M | |
| Operating income | $175.4M | $297.4M | $260.4M | $212.0M | $82.0M | $243.2M | |
| Net income | $112.2M | $204.8M | $196.2M | $133.8M | $43.1M | $183.2M | |
| Diluted EPS | $1.72 | $3.16 | $3.04 | $2.10 | $0.68 | $2.92 | |
| Gross margin | 17.3% | 19.2% | 17.5% | 15.8% | 13.5% | 16.5% | |
| Operating margin | 7.6% | 10.9% | 9.7% | 7.9% | 3.5% | 8.3% |
Fiscal years (4-quarter sums)FY21 $7.95B · FY22 $8.28B · FY23 $9.66B · FY24 $10.73B · FY25 $10.42B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $403.6M · Total debt $1.10B · Total assets $10.05B · Shareholders' equity $4.53B
Dividends
Raised for 12 straight years — most recently to $0.57 from $0.51 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2026 | Aug 13 | Aug 27 | $0.57 | |
| May 26, 2026 | May 26 | Jun 9 | $0.57 | |
| Feb 17, 2026 | Feb 17 | Mar 3 | $0.57 | raised from $0.51 |
| Nov 17, 2025 | Nov 17 | Dec 1 | $0.51 | |
| Aug 19, 2025 | Aug 19 | Sep 2 | $0.51 | |
| May 16, 2025 | May 16 | May 30 | $0.51 | |
| Feb 14, 2025 | Feb 17 | Mar 3 | $0.51 | raised from $0.46 |
| Nov 15, 2024 | Nov 15 | Nov 29 | $0.46 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 61.74M · Float 61.28M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.95M | 9.64% | 13F | Aug 7, 2026 |
| Aristotle Capital Management, LLC | 4.73M | 7.65% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 4.35M | 7.05% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 3.38M | 5.47% | 13F | Aug 14, 2026 |
| Dimensional Fund Advisors LP | 3.21M | 5.10% | 13G | Jul 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Duncan Palmer | director | −505 | $133.86 |
| Feb 27, 2026 | Anupam Khare | officer: SVP/Chief Information Officer | −4,000 | $169.08 |
| Feb 20, 2026 | John S. Verich | officer: SVP Bus Devl and Treasurer | −1,050 | $176.99 |
| Nov 21, 2025 | Ignacio A. Cortina | officer: EVP, CL&AO & Secretary | −8,000 | $124.41 |
Peers
- Terex
Aerial platforms, fire apparatus, refuse vehicles and concrete mixers
- General Dynamics
U.S. and allied tactical and combat-vehicle programs
- Federal Signal
Refuse and recycling collection vehicles through New Way
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Oshkosh | $153.96 | −0.05% | $9.51B | 17.6 | 11.8 | 0.9 | +6.7% |
| Terex | $63.73 | −0.02% | $7.28B | 32.4 | 11.7 | 1.1 | +50.5% |
| General Dynamics | $376.45 | −0.75% | $102.63B | 23.1 | 21.7 | 1.9 | +8.1% |
| Federal Signal | $118.13 | +0.04% | $7.21B | 25.5 | 21.8 | 2.9 | +18.7% |
| Median | 25.5 | 21.7 | 1.9 | +18.7% |