Oshkosh (OK3) AI Stock Analysis

Oshkosh

(Frankfurt:OK3)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Access demand and backlogStrong Access orders, backlog, and volume growth provide meaningful revenue visibility beyond a single quarter. Demand linked to infrastructure, data centers, and power projects may support several years of market growth while higher production volumes can improve operating leverage.

Negative Factors

Margin compressionRecent margin and earnings deterioration shows that revenue growth is not currently translating into proportional profit growth. If unfavorable mix, higher expenses, and execution costs persist, lower profitability could reduce internal funding capacity and weaken the earnings contribution from future sales.

Oshkosh (OK3) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 8.64B
Dividend Yield: 1.60%
Average Volume (3M): 169
Price to Earnings (P/E): 17.6
Beta (1Y): 0.78
Revenue Growth: -1.06%
EPS Growth: -25.82%
Country: Germany
Employees: 18,400
Sector: Industrials
Sector Strength: 63
Industry: Agricultural - Machinery

Oshkosh Business Overview & Revenue Model

Company Description

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Vocational, and Transport segment. The Access segment designs and manufactures aerial work platform and telehandlers for...

Oshkosh Earnings Call Summary

Earnings Call Date:Oct 28, 2026(Q3-2026)|% Change Since:0.88%|Next Earnings Date:Jan 25, 2022

Earnings Call SentimentNeutral

The call had a mixed tone. Strong Access demand, robust backlog levels, solid free cash flow, defense activity, and long-term growth initiatives were offset by quarterly results below expectations, a reduced 2026 outlook, and ongoing fire truck and NGDV production challenges. Management remained confident in the longer-term targets, but near-term execution issues were significant.

Positive Updates

Access Segment Sales and Orders Strengthened

Third-quarter Access sales increased 21% to $1.3 billion, driven by higher North American volume and improved pricing. The segment achieved a 1.5 book-to-bill ratio, received $2 billion of orders during the quarter, and ended with a $2.7 billion backlog.

Negative Updates

Quarterly Results Fell Short of Expectations

Third-quarter consolidated sales were $2.8 billion and adjusted earnings per share were $2.41, both below management's expectations. Adjusted operating income was $217 million, down $57 million from the prior year, primarily due to unfavorable mix and higher SG&A expenses.

Company Guidance

For 2026, Oshkosh expects adjusted earnings per share in the range of $8.50-$9.50, consolidated revenues of approximately $11 billion, adjusted operating income of approximately $850 million, Access revenue of $4.8 billion with an adjusted operating income margin of approximately 9.75%, Vocational revenue of approximately $3.7 billion with an adjusted operating income margin of 12.5%, Transport revenue of approximately $2.3 billion with an operating income margin of approximately 4%, and free cash flow of $600 million-$700 million, up $50 million from prior guidance; the follow-on USPS order could impact fourth-quarter earnings by up to about $40 million or $0.50 per share, while fire truck production is expected to stabilize at about 10% above last year, support 25%-30% growth through 2028, and reach a 10% increase in 2027, NGDV production is expected to reach the normative range of 16,000-20,000 units annualized in the fourth quarter and the upper end of that range by middle of 2027, Vocational margins are expected to return to the 16%-18% range in 2028, and NGDV operating margin is expected to be in that 10% range in 2028.

Oshkosh Risk Analysis

Oshkosh disclosed 25 risk factors in its most recent earnings report. Oshkosh reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Oshkosh Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

DE:OK3 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FSS	75Outperform	$6.87B	23.09	20.12%	0.52%	23.99%	25.76%
DE	71Outperform	$182.13B	37.44	18.11%	0.96%	7.98%	-5.94%
CAT	65Neutral	$286.26B	24.32	58.52%	1.01%	20.26%	30.82%
AEBI	64Neutral	$880.02M	35.75	2.33%	0.88%	―	―
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CNH	50Neutral	$14.56B	47.28	4.01%	0.85%	0.60%	-62.01%

* Industrials Sector Average

Performance Comparison

DE:OK3 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:OK3	Oshkosh Corporation	120.90	18.52	18.08%
CAT	Caterpillar	622.75	56.97	10.07%
CNH	Cnh Industrial Nv	11.76	1.45	14.06%
DE	Deere & Company	675.48	218.75	47.90%
FSS	Federal Signal	112.67	-2.04	-1.78%
AEBI	Aebi Schmidt Holding AG	11.34	0.29	2.62%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Oshkosh AI Stock Analysis