OSKNYSEMotor Vehicles & Passenger Car BodiesUS GAAP · USD

Oshkosh Corporation (Holding Company)

Oshkosh Corp. designs and manufactures purpose-built vehicles and equipment for construction, firefighting, airport operations, refuse collection, defense, and delivery applications. The company operates through three reportable segments—Access, Vocational, and Transport—and sells primarily in the United States with additional international activity through dealers, distributors, direct sales teams, and government channels.

Kysy yhtiöstä
Liikevaihto10,4mrd USD
−2,9 %v/v
Liikevoitto (EBIT)940milj. USD
−7,0 %v/v
EBIT-marginaali9,0%
−0,4 %-yks.v/v
Nettotulos647milj. USD
−5,0 %v/v
Vapaa kassavirta618milj. USD
+129,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0,02,55,07,510,012,5mrd USD2020: 6,9 mrd USD2020: EBIT 0,49 mrd USD20202021: 7,7 mrd USD2021: EBIT 0,54 mrd USD20212022: 8,3 mrd USD2022: EBIT 0,37 mrd USD20222023: 9,7 mrd USD2023: EBIT 0,84 mrd USD20232024: 10,7 mrd USD2024: EBIT 1,0 mrd USD20242025: 10,4 mrd USD2025: EBIT 0,94 mrd USD202510,40,94
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Oshkosh Corporation (Holding Company)

Liiketoiminta

Osuus liikevaihdosta
Access equipment43 %

Aerial work platforms, telehandlers, and related access products sold through rental and dealer channels.

Vocational vehicles and equipment36 %

Fire apparatus, refuse trucks, airport support equipment, concrete mixers, and specialty vehicles.

Defense and transport vehicles20 %

Tactical vehicles, trailers, parts, and delivery vehicles sold to government customers.

Other and corporate1 %

Smaller businesses and corporate items not included in the reportable segment mix.

Asiakkaat

Oshkosh sells to a mix of rental companies, municipal governments, commercial fleet operators, airports, waste haulers, construction and mining customers, and defense agencies. A meaningful portion of demand also comes from the U.S. government, especially in defense and postal delivery programs, while international sales are made through direct commercial sales, foreign military sales, dealers, and distributors.

Rental companies

Buy JLG access equipment for rental fleets because utilization and uptime drive their economics.

Municipal fire and emergency services

Buy fire apparatus, ARFF vehicles, and command vehicles for public safety and emergency response.

Waste and recycling operators

Buy refuse and recycling collection vehicles for route density, durability, and service support.

Defense customers

Buy tactical vehicles, trailers, and parts through U.S. government and allied procurement channels.

Airports and aviation operators

Buy boarding bridges, ground support equipment, and ARFF vehicles for airport operations.

Construction and mining customers

Buy concrete mixers, cranes, and field service vehicles for jobsite productivity and mobility.

Strategia

Oshkosh’s strategy centers on purpose-built vehicles, technology integration, and close customer relationships across specialized end markets. The company emphasizes autonomy, electrification, connectivity, and lifecycle support, while using its multi-brand portfolio and manufacturing footprint to serve both commercial and government customers.

Technology-enabled product developmentKeskipitkä aikaväli

Higher technology content can improve differentiation, productivity, and customer retention.

Lifecycle support and aftermarket expansionKeskipitkä aikaväli

Parts, service, and support deepen customer relationships and stabilize demand.

Channel and customer coverageLyhyt aikaväli

Specialized channels are essential in fragmented markets with different buying processes.

Manufacturing efficiency and throughputKeskipitkä aikaväli

Complex vehicle programs require disciplined production flow and cost control.

Maantiede

The company is headquartered in the United States and its revenue base is heavily U.S.-centric, with the U.S. representing 79.1% of first-quarter 2025 net sales. International sales are spread across other North America, Europe/Africa/Middle East, and the rest of the world, reflecting a mix of direct sales, dealers, distributors, and government channels.

Riskit

Oshkosh is exposed to cyclical demand in access equipment, fire apparatus, refuse collection, airport products, and construction-related end markets, which can move with economic activity and customer capital spending. The company also faces defense-program execution risk, dealer and customer concentration, cybersecurity exposure, and international sales/regulatory risk tied to government procurement and cross-border operations.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Defense program execution and contract accounting1Cyclical demand in core end markets2Customer and dealer concentration3Cybersecurity and IT disruption4International sales and regulatory exposure5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Defense program execution and contract accountingVaikutus: KorkeaTodennäköisyys: Korkea

    Long-duration defense contracts can be affected by production inefficiencies, labor costs, and estimate changes.

    KohdistuuJLTV wind-downFMTVUSPS NGDV
  2. Cyclical demand in core end marketsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Access, fire apparatus, refuse, airport, and construction markets depend on economic conditions and capital spending.

    KohdistuuAccess equipmentVocational vehiclesAirport products
  3. Customer and dealer concentrationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Large rental companies, dealers, and government buyers can exert more pricing power as they consolidate.

    KohdistuuAccess rental customersFire apparatus dealers
  4. Cybersecurity and IT disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company relies on networked systems and third-party providers across manufacturing and defense programs.

    KohdistuuOperationsProduct dataDefense information
  5. International sales and regulatory exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Exports and foreign government sales are subject to trade rules, sanctions, and procurement restrictions.

    KohdistuuEuropeMiddle EastAsiaAllied defense sales
Kysy Clarifolta: Oshkosh Corporation (Holding Company)

Kirjanpito

Harkinnanvaraiset erät
Long-term contract estimates

Defense and delivery programs use cost-to-cost accounting, so estimate changes flow through earnings.

Vaikutus: Can materially change segment margins and quarterly operating income

Goodwill impairment

The company has significant goodwill and has impaired Pratt Miller goodwill based on revised expectations.

Vaikutus: Can create large non-cash charges and reduce reported equity

Revenue timing by shipment and program progress

Many products are sold on order and shipment basis, while some contracts depend on milestones or program progress.

Vaikutus: Affects quarterly revenue recognition and backlog conversion

Seasonality and geographic shipment mix

Construction and municipal buying patterns vary by season and region.

Vaikutus: Can cause meaningful quarter-to-quarter swings in sales and margins

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Lockheed Martin Corporation

LMT · Guided Missiles & Space Vehicles & Parts

Greenland Technologies Holding Corp.

GTEC · General Industrial Machinery & Equipment

Occidental Petroleum Corporation

OXY · Crude Petroleum & Natural Gas

The Eastern Company

EML · Cutlery, Handtools & General Hardware

Oklo Inc.

OKLO · Electric Services

Miller Industries, Inc

MLR · Truck & Bus Bodies

Päivitetty: 24.9.2026