Q4 25 EPS

$2.26

MISS 2.24%

Est. $2.31

Q4 25 Revenue

$2.69B

BEAT +3.53%

Est. $2.60B

vs S&P Since Q4 25

-7.2%

TRAILING MARKET

OSK +0.4% vs S&P +7.6%

Full Year 2025 Results

FY 25 EPS

$10.79

MISS 0.63%

Est. $10.86

FY 25 Revenue

$10.42B

BEAT +0.88%

Est. $10.33B

Market Reaction

Did OSK Beat Earnings? Q4 2025 Results

Oshkosh Corporation closed fiscal 2025 with a mixed fourth quarter, posting adjusted EPS of $2.26 against a consensus estimate of $2.31, a 2.24% miss, even as revenue of $2.69 billion came in 3.53% above expectations and grew 3.5% year-over-year. The… Read more Oshkosh Corporation closed fiscal 2025 with a mixed fourth quarter, posting adjusted EPS of $2.26 against a consensus estimate of $2.31, a 2.24% miss, even as revenue of $2.69 billion came in 3.53% above expectations and grew 3.5% year-over-year. The earnings shortfall traced primarily to margin compression in the Access segment, where operating income tumbled 30.5% to $99.30 million as adverse price and cost dynamics squeezed the segment's margin to 8.5% from 12.4% a year earlier. Offsetting that pressure, the Vocational segment delivered a standout performance, with operating income climbing 26.5% to $140.30 million on $922.40 million in sales, while the Transport segment benefited from a sharp ramp in NGDV delivery vehicle production for the U.S. Postal Service. Management is also working to offset an estimated $200 million in tariff headwinds through pricing adjustments and cost reductions. Looking to fiscal 2026, Oshkosh guided for net sales of approximately $11.00 billion and adjusted EPS of approximately $11.50, with Vocational and Transport growth expected to partly offset continued Access segment softness tied to weak non-residential construction demand.

Key Takeaways

  • Improved pricing in the Vocational segment
  • Higher sales volume in the Access segment in North America
  • NGDV production ramp-up driving Transport segment Delivery Vehicles revenue growth
  • Higher international tactical wheeled vehicle sales
  • Lower incentive compensation costs
  • Improved price/cost dynamics in the Vocational segment
24/7 Wall St

OSK YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

OSK Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 23 Q1 26

“Oshkosh delivered a strong close to 2025 with fourth quarter results that were within our expectations driven by our people and innovative products, capping another year of solid execution across our portfolio.”

— John Pfeifer, Q4 2025 Earnings Press Release