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Oshkosh OSK Q2 2025 earnings

Reported July 28, 2026 · Before market open

Revenue$2.9BBeat by $111.3M
EPS$2.87Beat by $0.24
Revenue estimate$2.8B
EPS estimate$2.63
We are seeing strong demand for access equipment highlighted by robust orders of $1.5 billion. We remain focused on ramping-up Next Generation Delivery Vehicle (NGDV) production and modernizing legacy manufacturing processes in our Vocational segment. Oshkosh Corporation Reports Results for 2026 Second Quarter July 28, 2026 Page 2
John Pfeifer

Next report

Oct 28, 2026 (in a month)
Revenue estimate$2.9B
EPS estimate$3.14

Financials

Q2 2025

Income statement

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Revenue$2.7B-4.0%
Gross profit$524.5M-4.0%
Operating income$291.7M+11.8%
Net income$204.8M+21.5%
EPS (diluted)$3.16+23.4%

Balance sheet

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Cash & equivalents$191.7M+35.6%
Total debt$1.5B-8.4%
Total equity$4.5B+13.5%
Total assets$10.0B+3.0%

Cash flow

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Operating cash flow$89.2M+142%
CapEx$40.6M+2.8%
Free cash flow$48.6M+119%

Valuation & ratios

Valuation

as of 06/30/26
See full
Market cap$7.12B+0.6%
Enterprise value$8.42B-1.7%
P/E10.9×+0.6×
P/S0.7×0.0×

Profitability

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Gross margin18.1%-0.6pp
Operating margin9.2%-0.4pp
Net margin6.3%-0.3pp
FCF margin5.7%+4.4pp

Returns & leverage

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Return on equity15.5%-3.1pp
Debt / equity0.3×-0.1×
Current ratio1.8×+0.4×

Segments

By product

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Aerial Works Platforms$638.0M-5.6%
Municipal Fire Apparatus$398.0M
Defense Product$372.0M-33.9%
Telehandlers$325.1M-24.1%
Other Access Equipment$292.9M-3.2%

By segment

See full
Access$1.3B-10.7%
Vocational$969.7M+15.0%
Transport$479.1M
Corporate And Other$27.3M

By geography

See full
EMEA$262.3M+22.6%
Other North America$102.0M
Rest Of World$78.8M-28.9%

FAQ

When did Oshkosh report Q2 2025 earnings?
Oshkosh (OSK) reported Q2 2025 earnings on July 28, 2026 before market open.
What were Oshkosh's Q2 2025 revenue and EPS?
Oshkosh reported revenue of $2.9B and eps of $2.87 for Q2 2025.
Did Oshkosh beat estimates in Q2 2025?
Revenue beat the consensus estimate of $2.8B by $111.3M. EPS beat the consensus estimate of $2.63 by $0.24.
How did Oshkosh's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.7% from $2.7B a year earlier and eps declined 15.8% from $3.41.
Where can I find Oshkosh's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-318909) and the 10-Q periodic report (0001193125-26-320490) directly on SEC EDGAR. The filing index links above go to sec.gov.