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Oshkosh OSK Vocational — Interest Expense Customer Deposits

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Other financials

Income statement

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Revenue$2.9B+6.7%
Gross profit$480.3M-8.4%
Operating income$243.2M-16.6%
Net income$183.2M-10.5%
EPS (diluted)$2.92-7.6%

Balance sheet

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Cash & equivalents$403.6M+111%
Total debt$1.1B-26.4%
Total equity$4.5B+1.6%
Total assets$10.1B+0.4%

Cash flow

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Operating cash flow$374.3M+320%
CapEx$26.7M-34.2%
Free cash flow$347.6M+615%

Valuation

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Market cap$9.43B+7.6%
Enterprise value$10.13B+0.6%
P/E17×+3.5×
P/S0.9×0.0×

Profitability

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Gross margin15.9%-2.2pp
Operating margin7.5%-1.7pp
Net margin5.2%-1.0pp
FCF margin11%+5.3pp

Returns & leverage

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Return on equity12.4%-3.1pp
Debt / equity0.2×-0.1×
Current ratio1.7×-0.1×

Where this comes from

Reported directly by Oshkosh in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseCustomerDeposits.

The source filing: Oshkosh’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 2:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-320490

With the exception of Pierce Manufacturing Inc. (Pierce) in the Vocational segment, the Company’s contracts typically do not contain a significant financing component. Pierce customers earn interest on customer advances at a rate determined in a separate financing transaction between Pierce and the customer at the time Pierce receives the advance. Interest on customer advances is recorded in “Interest expense” and was $16.3 million and $12.3 million for the three months ended June 30, 2026 and 2025, respectively, and $32.0 million and $23.3 million for the six months ended June 30, 2026 and 2025, respectively.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Oshkosh's vocational — interest expense customer deposits?
Oshkosh (OSK) reported vocational — interest expense customer deposits of $16.3M in Q2 2026.
How has Oshkosh's vocational — interest expense customer deposits changed year-over-year?
Oshkosh's vocational — interest expense customer deposits increased by 32.5% year-over-year, from $12.3M to $16.3M.
What is the long-term trend for Oshkosh's vocational — interest expense customer deposits?
Over 3 years (2022 to 2025), Oshkosh's vocational — interest expense customer deposits has grown at a 29.7% compound annual growth rate (CAGR), from $23.4M to $51M.
What does vocational — interest expense customer deposits mean?
Reflects the cost of interest incurred on funds held on behalf of customers, often related to advance payments or deposits for large-scale equipment orders. This captures the financing cost associated with the segment's order book and working capital management.

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