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Oshkosh OSK Defense — Research And Development Expense

Discontinued — last reported Q1 '25

Other segment segments

Access
$23.3M+9.4%
Vocational
$9.3M-48.9%
Transport
$3.3M
Corporate And Other
$3.2M-52.9%

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$9.55M+60.8%
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WWDAerospace — Research And Development Expense
$29.42M+38.6%
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$800K+100%
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$6.18M-11.1%
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DRSASC — Total company-funded independent research and development
$24M+4.3%

Other financials

Income statement

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Revenue$2.3B+0.2%
Gross profit$311.9M-22.0%
Operating income$82.0M-53.2%
Net income$43.1M-61.6%
EPS (diluted)$0.68-60.5%

Balance sheet

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Cash & equivalents$250.3M+19.0%
Total debt$1.1B-22.4%
Total equity$4.5B+5.5%
Total assets$10.0B+2.0%

Cash flow

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Operating cash flow-$161.0M+59.2%
CapEx$28.1M-30.3%
Free cash flow-$189.1M+56.5%

Valuation

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Market cap$8.7B+51.7%
Enterprise value$9.6B+37.7%
P/E15.1×+5.7×
P/S0.8×+0.3×

Profitability

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Gross margin16.6%-1.5pp
Operating margin8.1%-0.7pp
Net margin5.5%-0.3pp
FCF margin8.3%+5.5pp

Returns & leverage

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Return on equity13.3%-2.0pp
Debt / equity0.3×-0.1×
Current ratio1.6×-0.1×

Where this comes from

Reported directly by Oshkosh in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Oshkosh’s 10-Q, filed April 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Oshkosh's defense — research and development expense?
Oshkosh (OSK) reported defense — research and development expense of $2.5M in Q1 2025.
How has Oshkosh's defense — research and development expense changed year-over-year?
Oshkosh's defense — research and development expense decreased by 65.8% year-over-year, from $7.3M to $2.5M.
What does defense — research and development expense mean?
Spending on innovation and product development within the defense segment.
How do you interpret defense — research and development expense?
Higher spending may signal a push for new contract wins or technology modernization, while lower spending could indicate a focus on cost-cutting or mature product life cycles.
How does defense — research and development expense compare across companies?
Standard R&D expense line item found in most technology-heavy industrial and defense firms.