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MARKETS / NYSE / OSK
NYSE · MOTOR VEHICLES & PASSENGER CAR BODIES · LARGE CAP

Oshkosh Corp. OSK

18 fiscal years on record · USD · FY2025 reported · SEC filings only
11 YEARS OF DIVIDEND GROWTH
$10.4B
▼ 2.9% YoY
$647.0M
▼ 5.0% YoY
$618.0M
▲ 129.7% YoY
In brief

What this company does

Oshkosh Corporation designs and manufactures purpose-built vehicles, equipment and integrated ecosystems for the construction, firefighting, aviation, refuse collection, defense and delivery industries. The company has three reportable segments: Access, Vocational and Transport. It generated approximately 20% of its net sales in both 2025 and 2024, and 19% in 2023, from sales to the United States government, a substantial majority of which were under multi-year contracts and programs in the defense vehicle market. The Access segment designs and manufactures access and material handling equipment for construction, industrial, agricultural, vegetation management and maintenance applications under the JLG and SkyTrak brands. The Vocational segment includes the Pierce, Maxi-Metal, Oshkosh AeroTech, Oshkosh Airport Products, McNeilus, IMT, Oshkosh S-Series and Frontline Communications businesses. Under the Oshkosh Defense brand, the Transport segment designs, manufactures and sustains specialty vehicles and mobility systems for the U.S. Department of Defense and approved foreign customers. This segment also designs and manufactures the Next Generation Delivery Vehicle for the U.S. Postal Service under a contract awarded in February 2021 that allows for the delivery of up to 165,000 vehicles over a 10-year period. Oshkosh Corporation was founded over 100 years ago.

Written from the business description in OSHKOSH CORP's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth
USD 10.4B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 10.4 · Net income 0.6
4B8B2008201120142017202020232025
Compound annual growth
+8.0%
+8.7%
+5.5%
+0.4%
+55.0%
+15.0%
+10.9%
+29.4%
+12.1%
+19.5%
+11.3%
+11.2%
+11.6%
+17.9%
+33.4%
+4.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.7% a year over five years — but profit grew faster: net income at +15.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 9.0% · Net 6.2%
5%10%-10%-20%2008201120142017202020232025
ROE
FY2025 · ROE 14.9%
50%-100%-200%2008201120142017202020232025

Each USD of equity produced 15 cents of profit this year.

Cash & shareholders
USD 408.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.6
0.4B0.8B2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 130.4 · Net buybacks 278.0
200M400MDividendsNet buybacks2008201120142017202020232025

USD 130.4M in dividends and USD 278.0M in buybacks — 63% of the year's profit went back to shareholders.

Total assetsUSD 10.1B
EquityUSD 4.5B
CashUSD 479.8M
Gross debtUSD 1.1B
Net debtUSD 621.1M
Current ratio1.94×

Net debt stands at 14% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B10.410.79.78.37.76.98.47.76.86.36.16.87.78.17.59.85.36.9
Operating income $B0.91.00.80.40.60.50.80.70.50.40.40.50.50.40.51.4−1.00.6
EBITDA $B1.21.21.00.50.70.60.90.80.60.50.50.60.60.50.71.6−0.80.8
Income tax $B0.20.20.20.10.00.10.20.10.10.10.10.10.10.10.20.4−0.00.1
Net income $B0.60.70.60.20.50.30.60.50.30.20.20.30.30.20.30.8−1.10.1
Free cash flow $B0.60.30.30.31.10.20.40.30.20.5−0.00.10.40.20.30.50.90.3
EPS, diluted $·······6.293.772.912.903.613.552.512.998.69−14.371.06
Dividend / sh $2.041.841.641.481.321.201.080.960.840.760.680.600.00···0.200.40
Payout %20181856182513152226231600··−138
ROE %14.917.317.45.316.411.822.719.613.311.111.815.116.113.418.785.8−213.7·
Shares out B0.060.060.070.07··············

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 80 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMotor Vehicles & Passenger Car Bodies
Listed onNYSE
Incorporated inWisconsin
Fiscal year endsDecember 31
Data on record since2008

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