Forensic Analysis · OEM & Vehicle Bodies · as of Nov 9, 2026

Oshkosh Corp (OSK)

A forensic read on Oshkosh Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

4.7

Distress distance

Clean

Earnings quality

Forensic signals

14.9%

ROE

-2.9%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Oshkosh Corp earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 4.7, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by inventory days.

What the filings flag

98d

FY2024→FY2025

Inventory days. Days inventory outstanding moved from 92 to 98 FY2024→FY2025 (against cost of goods sold; inventory +5% vs -2% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.

10.7%

FY2025

Return on invested capital. Return on invested capital is 10.7% in the latest fiscal year, against 10.5% in FY2023, having run between 10.5% and 12.2% across FY2023–FY2025 with no direction held. After-tax operating profit was $638M in FY2023 and $726M in FY2025, with operating income at 8.7% of revenue in FY2023, 9.4% in FY2024 and 9.0% in FY2025. The capital base behind it grew +11% across FY2023–FY2025, from $6.1B to $6.8B, and the return did not fall doing it, so the dollars added over that window earned at least the 10.5% the older base was already earning.

$44M

FY2024–FY2025

Goodwill impairments. Took $44M of goodwill writedowns across 2 years (FY2024 ($39M), FY2025 ($6M)) — about 3% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$10.42B

Revenue Growth YoY-2.9%

Revenue CAGR (2yr)+3.9%

Net Margin6.2%

Free Cash Flow$571.6M

Return on Equity14.9%

Debt / Equity0.24x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Oshkosh Corp's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.