Oshkosh Corporation

NYSE:OSK Stock Report

Market Cap: US$9.8b

Oshkosh Future Growth

Future criteria checks 1/6

Oshkosh is forecast to grow earnings and revenue by 12% and 5.7% per annum respectively. EPS is expected to grow by 13.2% per annum. Return on equity is forecast to be 17.5% in 3 years.

Key information

12.0%

Earnings growth rate

13.23%

EPS growth rate

Machinery earnings growth16.4%
Revenue growth rate5.7%
Future return on equity17.49%
Analyst coverage

Good

Last updated13 Apr 2026

Recent future growth updates

Analysis Article • Nov 01

Oshkosh Corporation Recorded A 5.1% Miss On Revenue: Analysts Are Revisiting Their Models

There's been a notable change in appetite for Oshkosh Corporation ( NYSE:OSK ) shares in the week since its quarterly...
Analysis Article • Aug 04

Earnings Beat: Oshkosh Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

As you might know, Oshkosh Corporation ( NYSE:OSK ) just kicked off its latest quarterly results with some very strong...

Recent updates

Narrative Update • Apr 28

OSK: Non Residential Construction And AI Systems Will Support Medium Term Earnings Power

Oshkosh's analyst price target framework is unchanged at $204, as analysts balance modest tweaks to growth, margin, and P/E assumptions with mixed recent research that includes both target increases driven by stronger non-residential construction and several target cuts that cite more cautious views. Analyst Commentary Recent Street research around Oshkosh reflects a mix of enthusiasm tied to construction end markets and more cautious moves on individual price targets.
Seeking Alpha • Apr 16

Oshkosh: This Rally Isn't Over Yet, Though Macro Headwinds Loom

Summary Oshkosh Corporation (OSK) remains well-positioned for upside despite a 50.5% stock price increase since May 2025. 2026 guidance implies modest 5.5% sales growth and stable 9.6% operating margins, with free cash flow guidance of $550–$650 million. Vocational segment leads near-term performance; Access lacks momentum and Transport faces margin dilution from legacy contracts and delivery vehicle ramp. I maintain a buy rating with a raised price target of $175.06, but highlight tariff risks and cyclical exposure in Access. Read the full article on Seeking Alpha
Narrative Update • Apr 14

OSK: Non Residential Construction Demand Will Support Medium Term Earnings Power

The analyst fair value estimate for Oshkosh has shifted to $204 from $183, as analysts incorporate updated price targets that reflect mixed recent revisions but continued support from firms citing stronger non residential construction and rental equipment demand. Analyst Commentary Recent research on Oshkosh reflects a mix of recalibrated targets and ratings, with several firms adjusting their views as they update assumptions around construction activity and rental equipment demand.
Narrative Update • Mar 31

OSK: AI And Autonomy Will Ride Mega Project Construction Upswing

Oshkosh’s analyst price targets have shifted higher, with several firms now in the $175 to $204 range. Analysts cite stronger confidence in U.S. non-residential construction, healthier rental equipment trends, and a solid pipeline of large construction projects.
Narrative Update • Mar 17

OSK: Autonomy And AI Will Leverage Rebound In Non Residential Construction

The updated analyst price target for Oshkosh edges higher to about $173, reflecting slightly stronger assumptions around revenue growth, profit margins, and future P/E multiples, as analysts in recent research point to improving U.S. non residential construction trends and equipment rental demand. Analyst Commentary Recent research on Oshkosh reflects a generally constructive tone, with multiple firms adjusting price targets and ratings as they reassess construction exposure, rental equipment trends, and private non residential spending assumptions.
Narrative Update • Mar 03

OSK: Autonomy And AI Set To Meet Construction Cycle Reassessment

The analyst price target for Oshkosh in our model has shifted from $160.53 to $168.73, reflecting updated Street research that cites adjusted construction forecasts and a series of recent target changes following reassessments of demand across non residential construction and related end markets. Analyst Commentary Street research on Oshkosh has been active, with several firms revising price targets and ratings as they reassess non residential construction demand, capital spending in areas like data centers and power, and the company’s ability to execute against that backdrop.
Narrative Update • Feb 17

OSK: Medium Term Earnings Power Will Offset Mixed Expectations For Access Demand

The analyst price target for Oshkosh has eased by $2 to $183, reflecting a mix of recent target raises and cuts as analysts adjust their views on revenue growth, margins, and the appropriate future P/E multiple. Analyst Commentary Recent research on Oshkosh shows a mix of higher and lower price targets, with several bullish analysts highlighting potential for execution on current initiatives and support for the current valuation framework.
Narrative Update • Feb 02

OSK: Autonomy And AI Technologies Will Drive Future Upside Potential

The analyst price target for Oshkosh has moved higher to reflect a fair value estimate of about $160.53, with analysts pointing to updated assumptions for revenue growth, profit margins and future P/E multiples informed by their recent target changes across firms such as DA Davidson, Citi, Truist, UBS, Baird, JPMorgan, Wells Fargo and BofA. Analyst Commentary Bullish and bearish analysts have both been active on Oshkosh, updating price targets in quick succession and contributing to the current blended fair value view around $160.53.
Analysis Article • Feb 01

Oshkosh's (NYSE:OSK) Dividend Will Be Increased To $0.57

Oshkosh Corporation's ( NYSE:OSK ) dividend will be increasing from last year's payment of the same period to $0.57 on...
Narrative Update • Jan 19

OSK: Fair Value View Balances Autonomy Push With Tariff And Demand Risks

Analysts have raised their Oshkosh fair value estimate by about $3 to $156.51, citing higher price targets from multiple firms and updated assumptions that combine slightly lower revenue growth with a stronger profit margin profile and a modestly lower future P/E. Analyst Commentary Recent research on Oshkosh has been active, with several firms adjusting their price targets and reacting to the latest earnings print.
Narrative Update • Jan 04

OSK: Tariff Uncertainty And Access Demand Weakness Will Shape Earnings Outlook

Analysts have raised their Oshkosh fair value estimate from $90.00 to $125.00 per share, reflecting slightly higher assumed discount and growth rates as they balance near term weakness in Access equipment demand with a still constructive longer term earnings outlook. Analyst Commentary Bearish analysts have recently tempered their expectations for Oshkosh, pointing to a more challenging demand backdrop and execution risks that could cap upside to the newly raised fair value estimate.
Narrative Update • Dec 14

OSK: Medium Term Earnings Power Will Outweigh Access Demand Headwinds

Analysts have modestly reduced their price target on Oshkosh to approximately $185 from about $188, reflecting slightly softer revenue growth expectations, a higher perceived risk profile, and tempered valuation multiples following recent earnings and demand headwinds. Analyst Commentary Bullish analysts acknowledge that the near term outlook has been clouded by softer demand in certain end markets, but they continue to view Oshkosh as fundamentally well positioned to execute on its long term strategy.
Analysis Article • Nov 01

Oshkosh Corporation Recorded A 5.1% Miss On Revenue: Analysts Are Revisiting Their Models

There's been a notable change in appetite for Oshkosh Corporation ( NYSE:OSK ) shares in the week since its quarterly...
Narrative Update • Oct 29

Earnings Estimate Revisions Will Drive Additional Momentum Despite Tariff Headwinds

Oshkosh's price target has been raised from $147 to $171 per share, as analysts point to upward earnings estimate revisions and expectations for multiple expansion in the machinery sector. Analyst Commentary Bullish and bearish analyst viewpoints have emerged in response to recent macroeconomic shifts and company-specific developments impacting Oshkosh and its sector.
Narrative Update • Oct 14

Infrastructure Expansion And Electric Mobility Will Define Future Markets

Oshkosh's analyst price target has increased to $153.08 from $150.54, as analysts cite strong sector earnings momentum and expectations for modest multiple expansion. This comes despite ongoing tariff headwinds impacting heavy equipment manufacturers.
Analysis Article • Sep 10

Oshkosh Corporation (NYSE:OSK) Might Not Be As Mispriced As It Looks

With a price-to-earnings (or "P/E") ratio of 13.4x Oshkosh Corporation ( NYSE:OSK ) may be sending bullish signals at...
Narrative Update • Aug 27

Infrastructure Expansion And Electric Mobility Will Define Future Markets

Oshkosh's consensus price target was raised following upward earnings revisions, stronger Q2 results, and improved outlook on margins and tariff risks, leading analysts to lift fair value from $144.34 to $147.19. Analyst Commentary Bullish analysts see upwardly revised earnings estimates and the potential for further multiple expansion in the machinery sector following strong Q2 results.
Analysis Article • Aug 04

Earnings Beat: Oshkosh Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

As you might know, Oshkosh Corporation ( NYSE:OSK ) just kicked off its latest quarterly results with some very strong...
Analysis Article • Jun 10

Oshkosh Corporation (NYSE:OSK) Shares Could Be 46% Below Their Intrinsic Value Estimate

Key Insights Oshkosh's estimated fair value is US$204 based on 2 Stage Free Cash Flow to Equity Oshkosh is estimated to...
Analysis Article • May 23

Should You Investigate Oshkosh Corporation (NYSE:OSK) At US$98.43?

Oshkosh Corporation ( NYSE:OSK ), is not the largest company out there, but it led the NYSE gainers with a relatively...
Seeking Alpha • Mar 11

Oshkosh Expected To Slip This Year, Rebound In 2026

Summary Oshkosh Corporation's earnings have plateaued despite steady revenue growth, with a forecasted dip in 2025, leading to a 'Hold' rating. The company specializes in purpose-built vehicles for various industries and is recognized for innovation and advanced technologies. OSK's Q4-2024 earnings beat estimates, but profitability is expected to decline in 2025, with potential growth resuming in 2026. Oshkosh's dividend yield is 2.09%, with consistent increases over the past decade, making it appealing for long-term investors. Read the full article on Seeking Alpha
Seeking Alpha • Dec 27

Oshkosh Corporation: Price-Informed Sell-Off Opens A High-Risk Value Opportunity

Summary Oshkosh is oversold due to overreaction on USPS contract issues, but is suitable for experienced traders or long-term investors. Segment diversification protects OSK during demand cycles, with access, vocational, and defense segments showing varied growth. The USPS contract is crucial for OSK, but investors are prematurely re-rating the company on a failure scenario. Valuation suggests a 21.5% upside to $116 per share, contingent on successful USPS contract execution and improvement in the order backlog after stagnation in the next 2 quarters. Read the full article on Seeking Alpha
Seeking Alpha • Oct 25

Oshkosh's Stable Dividend Driven By Long-Term Contract Wins

Summary Oshkosh has a strong growth outlook with a 1.8% dividend yield, driven by major contracts, municipal spending, and European expansion. The estimated fair value for Oshkosh is $165.2, based on a 14.0x P/E ratio and projected EPS of $11.80 for 2025. Key segments like vocational and access equipment show robust backlog and revenue growth, despite short-term defense segment challenges. Oshkosh's financial health is solid with low leverage and consistent dividend increases, positioning it well for future shareholder returns. Read the full article on Seeking Alpha
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New Narrative • Aug 28

Next-Gen Delivery Vehicles And Critical Acquisitions Power Long-Term Growth And Market Expansion

Transition to a dealer network for Refuse and Recycling vehicles aims to enhance market penetration and improve margins through better sales and service efficiency.
Seeking Alpha • Aug 27

Oshkosh Corporation: Strong Earnings And Strategic Innovations Drive Growth

Summary Oshkosh Corporation, founded in 1917, is a leading manufacturer of specialty vehicles and equipment for defense, access equipment, and commercial sectors. The Access Equipment segment offers aerial work platforms and telehandlers, with financing and leasing options, catering to construction and industrial maintenance needs. Oshkosh Defense secures significant contracts with the U.S. military, including a $543 million JLTV contract and a $1.5 billion heavy tactical vehicles contract. The Vocational unit produces custom firefighting trucks, emergency vehicles, garbage trucks, and concrete mixers, supporting essential city services and construction industries. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:OSK - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202812,2619477871,1937
12/31/202711,71285274583915
12/31/202610,92169479084415
12/31/202510,422647572783N/A
9/30/202510,332666755974N/A
6/30/202510,384650589811N/A
3/31/202510,499614290511N/A
12/31/202410,730681262550N/A
9/30/202410,599679-58239N/A
6/30/202410,367683-25679N/A
3/31/20249,934689-150164N/A
12/31/20239,658598270600N/A
9/30/20239,395522246583N/A
6/30/20238,952406289578N/A
3/31/20238,604263-1352N/A
12/31/20228,282174332601N/A
9/30/20227,870123-228-25N/A
6/30/20227,86614619219N/A
3/31/20228,009328549693N/A
12/31/20217,953427560690N/A
9/30/20217,7375091,1171,222N/A
6/30/20217,4594839971,108N/A
3/31/20216,831349853957N/A
12/31/20206,738318733845N/A
9/30/20206,857322197327N/A
6/30/20207,268375329499N/A
3/31/20208,080486300480N/A
12/31/20198,274546308504N/A
9/30/20198,382579N/A568N/A
6/30/20198,243581N/A322N/A
3/31/20198,026542N/A545N/A
12/31/20187,923525N/A321N/A
9/30/20187,706472N/A436N/A
6/30/20187,612414N/A343N/A
3/31/20187,473389N/A142N/A
12/31/20177,205323N/A192N/A
9/30/20176,830286N/A247N/A
6/30/20176,622254N/A544N/A
3/31/20176,333209N/A636N/A
12/31/20166,239221N/A595N/A
9/30/20166,279216N/A584N/A
6/30/20166,102205N/A283N/A
3/31/20165,967211N/A249N/A
12/31/20155,997209N/A208N/A
9/30/20156,098229N/A91N/A
6/30/20156,188256N/A64N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: OSK's forecast earnings growth (12% per year) is above the savings rate (3.5%).

Earnings vs Market: OSK's earnings (12% per year) are forecast to grow slower than the US market (16.4% per year).

High Growth Earnings: OSK's earnings are forecast to grow, but not significantly.

Revenue vs Market: OSK's revenue (5.7% per year) is forecast to grow slower than the US market (11.4% per year).

High Growth Revenue: OSK's revenue (5.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: OSK's Return on Equity is forecast to be low in 3 years time (17.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 20:36
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Oshkosh Corporation is covered by 38 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Mircea DobreBaird
Adam SeidenBarclays