Oshkosh Truck Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Oshkosh Truck has an operating margin of 9.4%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is up from 8.7% the prior year.
Oshkosh Truck's revenue grew 11.1% year-over-year to $10.7B, a solid pace of expansion. This earns a growth score of 60/100.
Oshkosh Truck carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Oshkosh Truck's current ratio of 1.52 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.
Oshkosh Truck's free cash flow margin of 2.5% results in a low score of 13/100. Capital expenditures of $281.0M absorb a large share of operating cash flow.
Oshkosh Truck earns a strong 16.4% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is up from 16.1% the prior year.
Oshkosh Truck scores 3.57, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Oshkosh Truck passes 8 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Oshkosh Truck generates $0.81 in operating cash flow ($550.1M OCF vs $681.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Oshkosh Truck earns $8.5 in operating income for every $1 of interest expense ($1.0B vs $119.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Oshkosh Truck (OSK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Oshkosh Truck generated $10.7B in revenue in fiscal year 2024. This represents an increase of 11.1% from the prior year.
Oshkosh Truck's EBITDA was $1.2B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.4% from the prior year.
Oshkosh Truck generated $269.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1.9% from the prior year.
Oshkosh Truck reported $681.4M in net income in fiscal year 2024. This represents an increase of 13.9% from the prior year.
Oshkosh Truck earned $10.35 per diluted share (EPS) in fiscal year 2024. This represents an increase of 14.0% from the prior year.
Oshkosh Truck held $204.9M in cash against $599.5M in long-term debt as of fiscal year 2024.
Oshkosh Truck paid $1.84 per share in dividends in fiscal year 2024. This represents an increase of 12.2% from the prior year.
Oshkosh Truck had 65M shares outstanding in fiscal year 2024. This represents a decrease of 1.4% from the prior year.
Oshkosh Truck's gross margin was 18.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Oshkosh Truck's operating margin was 9.4% in fiscal year 2024, reflecting core business profitability. This is up 0.8 percentage points from the prior year.
Oshkosh Truck's net profit margin was 6.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.
Oshkosh Truck's ROE was 16.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.
Oshkosh Truck invested $169.1M in research and development in fiscal year 2024. This represents an increase of 26.6% from the prior year.
Oshkosh Truck spent $116.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 415.6% from the prior year.
Oshkosh Truck invested $281.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 13.6% from the prior year.
OSK Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B-1.6% | $2.7B+18.1% | $2.3B-11.0% | $2.6B-8.7% | $2.8B+11.9% | $2.5B+3.1% | $2.5B-1.7% | $2.5B |
| Cost of Revenue | $2.2B+0.5% | $2.2B+15.4% | $1.9B-11.1% | $2.2B-6.5% | $2.3B+10.9% | $2.1B+3.1% | $2.0B-1.4% | $2.0B |
| Gross Profit | $470.5M-10.3% | $524.5M+31.2% | $399.9M-10.6% | $447.3M-18.1% | $546.1M+16.2% | $470.0M+3.4% | $454.4M-2.9% | $468.1M |
| R&D Expenses | $39.4M-12.4% | $45.0M-7.8% | $48.8M+7.3% | $45.5M+3.2% | $44.1M+12.2% | $39.3M | N/A | N/A |
| SG&A Expenses | $196.2M-8.0% | $213.3M+1.1% | $211.0M+0.9% | $209.2M-4.9% | $220.0M+11.8% | $196.8M-12.3% | $224.3M+11.3% | $201.6M |
| Operating Income | $260.4M-10.7% | $291.7M+66.3% | $175.4M-21.7% | $223.9M-14.2% | $260.9M+0.5% | $259.7M+20.6% | $215.4M-16.0% | $256.5M |
| Interest Expense | $30.6M+1.7% | $30.1M+11.5% | $27.0M-14.3% | $31.5M-1.6% | $32.0M+42.9% | $22.4M+0.4% | $22.3M+13.8% | $19.6M |
| Income Tax | $41.7M-36.0% | $65.2M+77.2% | $36.8M-18.6% | $45.2M-15.5% | $53.5M-2.2% | $54.7M+23.8% | $44.2M-20.1% | $55.3M |
| Net Income | $196.2M-4.2% | $204.8M+82.5% | $112.2M-26.7% | $153.1M-9.2% | $168.6M-6.0% | $179.4M+19.0% | $150.8M-17.9% | $183.7M |
| EPS (Diluted) | $3.04-3.8% | $3.16+83.7% | $1.72-26.2% | $2.33-9.0% | $2.56-5.5% | $2.71+18.9% | $2.28-18.3% | $2.79 |
OSK Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.8B-1.8% | $10.0B+2.6% | $9.8B+3.6% | $9.4B-3.1% | $9.7B+2.6% | $9.5B+3.7% | $9.1B+3.1% | $8.9B |
| Current Assets | $4.9B-1.4% | $5.0B+3.4% | $4.9B+7.1% | $4.5B-10.2% | $5.0B+6.6% | $4.7B+5.6% | $4.5B-0.2% | $4.5B |
| Cash & Equivalents | $211.8M+10.5% | $191.7M-8.8% | $210.3M+2.6% | $204.9M+44.9% | $141.4M+102.3% | $69.9M-44.3% | $125.4M+18.2% | $106.1M |
| Inventory | $2.5B-1.5% | $2.5B-0.2% | $2.5B+10.4% | $2.3B+2.2% | $2.2B+0.4% | $2.2B+3.6% | $2.1B+5.5% | $2.0B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.4B-0.1% | $1.4B+1.8% | $1.4B+1.0% | $1.4B+2.9% | $1.4B-2.7% | $1.4B-0.5% | $1.4B-5.9% | $1.5B |
| Total Liabilities | $5.3B-4.6% | $5.6B+0.6% | $5.5B+4.9% | $5.3B-9.1% | $5.8B+2.7% | $5.6B+4.1% | $5.4B+2.1% | $5.3B |
| Current Liabilities | $2.5B-8.3% | $2.7B-0.8% | $2.7B-8.0% | $3.0B-14.4% | $3.5B+5.2% | $3.3B+7.4% | $3.1B0.0% | $3.1B |
| Long-Term Debt | $1.1B0.0% | $1.1B0.0% | $1.1B+83.4% | $599.5M+0.1% | $599.1M0.0% | $598.9M+0.2% | $597.5M0.0% | $597.5M |
| Total Equity | $4.5B+1.9% | $4.5B+5.2% | $4.2B+2.0% | $4.2B+5.8% | $3.9B+2.6% | $3.8B+3.3% | $3.7B+4.6% | $3.5B |
| Retained Earnings | $4.8B+3.5% | $4.6B+3.9% | $4.4B+1.8% | $4.4B+6.7% | $4.1B+3.5% | $4.0B+3.9% | $3.8B+3.4% | $3.7B |
OSK Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $489.0M+448.2% | $89.2M+122.6% | -$394.9M-149.9% | $790.8M+474.8% | -$211.0M+40.7% | -$355.8M-174.2% | $479.6M+187.9% | $166.6M |
| Capital Expenditures | $38.9M-28.4% | $54.3M+34.7% | $40.3M-53.9% | $87.5M+110.8% | $41.5M-58.5% | $100.1M+2.9% | $97.3M-0.9% | $98.2M |
| Free Cash Flow | $450.1M+1189.7% | $34.9M+108.0% | -$435.2M-161.9% | $703.3M+378.5% | -$252.5M+44.6% | -$455.9M-219.3% | $382.3M+458.9% | $68.4M |
| Investing Cash Flow | -$37.2M+33.6% | -$56.0M-29.9% | -$43.1M+45.6% | -$79.2M-107.9% | -$38.1M+65.7% | -$111.2M-17.7% | -$94.5M+89.4% | -$895.7M |
| Financing Cash Flow | -$431.0M-634.2% | -$58.7M-113.4% | $438.1M+166.3% | -$660.8M-306.3% | $320.3M-22.4% | $412.5M+212.1% | -$367.9M-176.6% | $480.4M |
| Dividends Paid | $32.6M-0.6% | $32.8M-0.3% | $32.9M+10.0% | $29.9M-0.7% | $30.1M0.0% | $30.1M+11.9% | $26.9M+0.7% | $26.7M |
| Share Buybacks | $90.6M+126.5% | $40.0M+39.4% | $28.7M-43.1% | $50.4M+27.6% | $39.5M+161.6% | $15.1M+15200.0% | -$100K | $0 |
OSK Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.5%-1.7pp | 19.2%+1.9pp | 17.3%+0.1pp | 17.2%-2.0pp | 19.2%+0.7pp | 18.5%+0.1pp | 18.4%-0.2pp | 18.6% |
| Operating Margin | 9.7%-1.0pp | 10.7%+3.1pp | 7.6%-1.0pp | 8.6%-0.5pp | 9.2%-1.0pp | 10.2%+1.5pp | 8.7%-1.5pp | 10.2% |
| Net Margin | 7.3%-0.2pp | 7.5%+2.6pp | 4.9%-1.0pp | 5.9%-0.0pp | 5.9%-1.1pp | 7.0%+0.9pp | 6.1%-1.2pp | 7.3% |
| Return on Equity | 4.3%-0.3pp | 4.6%+1.9pp | 2.6%-1.0pp | 3.7%-0.6pp | 4.3%-0.4pp | 4.7%+0.6pp | 4.1%-1.1pp | 5.2% |
| Return on Assets | 2.0%-0.1pp | 2.0%+0.9pp | 1.1%-0.5pp | 1.6%-0.1pp | 1.7%-0.2pp | 1.9%+0.2pp | 1.7%-0.4pp | 2.1% |
| Current Ratio | 1.98+0.1 | 1.84+0.1 | 1.77+0.2 | 1.52+0.1 | 1.44+0.0 | 1.43-0.0 | 1.450.0 | 1.45 |
| Debt-to-Equity | 0.240.0 | 0.25-0.0 | 0.26+0.1 | 0.140.0 | 0.150.0 | 0.160.0 | 0.160.0 | 0.17 |
| FCF Margin | 16.7%+15.5pp | 1.3%+20.1pp | -18.8%-45.9pp | 27.1%+35.9pp | -8.9%+9.0pp | -17.9%-33.4pp | 15.5%+12.8pp | 2.7% |
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Frequently Asked Questions
What is Oshkosh Truck's annual revenue?
Oshkosh Truck (OSK) reported $10.7B in total revenue for fiscal year 2024. This represents a 11.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Oshkosh Truck's revenue growing?
Oshkosh Truck (OSK) revenue grew by 11.1% year-over-year, from $9.7B to $10.7B in fiscal year 2024.
Is Oshkosh Truck profitable?
Yes, Oshkosh Truck (OSK) reported a net income of $681.4M in fiscal year 2024, with a net profit margin of 6.3%.
What is Oshkosh Truck's earnings per share (EPS)?
Oshkosh Truck (OSK) reported diluted earnings per share of $10.35 for fiscal year 2024. This represents a 14.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Oshkosh Truck's EBITDA?
Oshkosh Truck (OSK) had EBITDA of $1.2B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Oshkosh Truck have?
As of fiscal year 2024, Oshkosh Truck (OSK) had $204.9M in cash and equivalents against $599.5M in long-term debt.
What is Oshkosh Truck's gross margin?
Oshkosh Truck (OSK) had a gross margin of 18.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Oshkosh Truck's operating margin?
Oshkosh Truck (OSK) had an operating margin of 9.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Oshkosh Truck's net profit margin?
Oshkosh Truck (OSK) had a net profit margin of 6.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Oshkosh Truck pay dividends?
Yes, Oshkosh Truck (OSK) paid $1.84 per share in dividends during fiscal year 2024.
What is Oshkosh Truck's return on equity (ROE)?
Oshkosh Truck (OSK) has a return on equity of 16.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Oshkosh Truck's free cash flow?
Oshkosh Truck (OSK) generated $269.1M in free cash flow during fiscal year 2024. This represents a -1.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Oshkosh Truck's operating cash flow?
Oshkosh Truck (OSK) generated $550.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Oshkosh Truck's total assets?
Oshkosh Truck (OSK) had $9.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Oshkosh Truck's capital expenditures?
Oshkosh Truck (OSK) invested $281.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Oshkosh Truck spend on research and development?
Oshkosh Truck (OSK) invested $169.1M in research and development during fiscal year 2024.
Does Oshkosh Truck buy back shares?
Yes, Oshkosh Truck (OSK) spent $116.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Oshkosh Truck have outstanding?
Oshkosh Truck (OSK) had 65M shares outstanding as of fiscal year 2024.
What is Oshkosh Truck's current ratio?
Oshkosh Truck (OSK) had a current ratio of 1.52 as of fiscal year 2024, which is generally considered healthy.
What is Oshkosh Truck's debt-to-equity ratio?
Oshkosh Truck (OSK) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Oshkosh Truck's return on assets (ROA)?
Oshkosh Truck (OSK) had a return on assets of 7.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Oshkosh Truck's Altman Z-Score?
Oshkosh Truck (OSK) has an Altman Z-Score of 3.57, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Oshkosh Truck's Piotroski F-Score?
Oshkosh Truck (OSK) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Oshkosh Truck's earnings high quality?
Oshkosh Truck (OSK) has an earnings quality ratio of 0.81x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Oshkosh Truck cover its interest payments?
Oshkosh Truck (OSK) has an interest coverage ratio of 8.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Oshkosh Truck?
Oshkosh Truck (OSK) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.