Oshkosh (NYSE:OSK) Releases Earnings Results, Misses Estimates By $0.07 EPS

Oshkosh (NYSE:OSK) issued its quarterly earnings data on Thursday. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07), FiscalAI reports. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.

Here are the key takeaways from Oshkosh’s conference call:

• 2025 results and 2026 outlook: Oshkosh reported full-year revenue of $10.4 billion and adjusted EPS of $10.79, and guided 2026 to roughly $11 billion in sales and adjusted EPS of about $11.50, while flagging Q1 as the weakest quarter and a stronger back half.
• Tariff headwind and pricing timing: Management estimates incremental tariffs of ~$200 million in 2026 (~$160M higher vs. 2025), largely hitting the Access business, and said recent price increases pulled some demand into Q4 and will dampen Q1 volumes.
• Access segment dynamics: Q4 orders were strong at $1.7 billion (book-to-bill 1.5) with a $1.3B backlog, but Oshkosh expects weaker non?residential construction demand to pressure Access revenue in the first half of 2026 and only recover in H2/2027.
• Vocational momentum and backlog: Vocational posted ~13% revenue growth in 2025 (> $3.7B) with robust margins (~16%), a backlog > $6.6 billion, and ~$150M of planned capital to raise throughput and shorten lead times—management expects ~17% operating margin in 2026.
• Transport ramp, defense wins, and cash returns: NGDV production continues (5,000th unit, >10M miles), transport revenue is expected to grow to ~$2.5B in 2026 with margin improvement over the year, and Oshkosh generated strong free cash flow (~$618M in 2025), returned $278M via buybacks and announced a $0.57 quarterly dividend.

Oshkosh Trading Down 0.4%

NYSE:OSK opened at $145.53 on Friday. Oshkosh has a 12 month low of $76.82 and a 12 month high of $158.53. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.97 and a beta of 1.41. The firm has a fifty day simple moving average of $136.53 and a two-hundred day simple moving average of $133.48.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of $0.57 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, February 17th. Oshkosh’s payout ratio is currently 19.90%.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in Oshkosh by 6.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after acquiring an additional 100 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Oshkosh by 30.8% during the second quarter. Geneos Wealth Management Inc. now owns 594 shares of the company’s stock worth $67,000 after purchasing an additional 140 shares during the period. Focus Partners Wealth grew its position in Oshkosh by 4.4% in the 3rd quarter. Focus Partners Wealth now owns 6,836 shares of the company’s stock valued at $887,000 after purchasing an additional 285 shares during the period. Entropy Technologies LP grew its position in Oshkosh by 4.4% in the 3rd quarter. Entropy Technologies LP now owns 9,192 shares of the company’s stock valued at $1,192,000 after purchasing an additional 390 shares during the period. Finally, Kestra Investment Management LLC increased its stake in Oshkosh by 62.6% during the 2nd quarter. Kestra Investment Management LLC now owns 1,794 shares of the company’s stock valued at $204,000 after purchasing an additional 691 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh News Summary

Here are the key news stories impacting Oshkosh this week:

• Positive Sentiment: Oshkosh raised its quarterly dividend to $0.57 (an 11.8% increase), payable Mar 3 with an ex?dividend date of Feb 17 — supports income investors and signals confidence in cash flow.
• Positive Sentiment: Revenue beat in Q4: sales were $2.69B vs. Street ~ $2.60B, showing continued top?line demand that offsets some earnings weakness. Oshkosh beats revenue expectations, misses on earnings in fourth quarter
• Positive Sentiment: At least one analyst upgraded their outlook / raised a price target after the print, suggesting some investors still see upside into 2026. Oshkosh: I’m More Positive In 2026 Than 2025, Raising My Price Target
• Neutral Sentiment: Company held an earnings call and published a transcript/slide deck providing details on segment trends, backlog and margin drivers — useful for assessing whether earnings pressure is transitory. Oshkosh Corporation (OSK) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: News outlets and analyst writeups provide deeper metric comparisons (margins, ROE) vs. estimates — useful background but less market-moving than guidance. Oshkosh Corporation Reports 2025 Fourth Quarter and Full Year Results
• Negative Sentiment: Q4 EPS missed: reported $2.26 vs. consensus ~$2.33 and below last year’s $2.58 — indicates margin pressure or one?time items reducing profitability. Oshkosh (OSK) Q4 Earnings Miss Estimates
• Negative Sentiment: FY?2026 EPS guidance lowered to $11.50 (company), well under the prior consensus of ~$12.32, even though revenue guidance was nudged to $11.0B (slightly above consensus) — the EPS shortfall is the key reason the stock is under pressure today.

Analyst Ratings Changes

A number of equities research analysts have commented on OSK shares. Truist Financial reduced their price target on Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company upped their target price on Oshkosh from $144.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Barclays began coverage on shares of Oshkosh in a research report on Tuesday, November 25th. They set an “overweight” rating and a $150.00 target price for the company. Morgan Stanley boosted their price target on shares of Oshkosh from $147.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Finally, UBS Group decreased their price objective on shares of Oshkosh from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.31.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.