Oshkosh Corporation

OSK · Consumer Discretionary · $9.0B mkt cap · FY2025 filings · Narrow moat

Wonderful & reasonably priced

Narrow moat

The four filters

Pricing power26

Median gross margin 17.3% over 10y, stable.

Returns on capital72

Median ROIC 14.4%, above the 9% hurdle in 90% of years.

Balance-sheet safety63

Net debt/EBITDA 0.5x, interest coverage 8x.

Capital discipline93

Owner earnings +12.1%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

16% below value

Owner earnings (normalized): $598.0M
Est. intrinsic value / share: $171.98
Recent price: $143.93
Discount to value: 16% below value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell OSK. See the disclaimer.