Gross Margin % is calculated as gross profit divided by its revenue. Oshkosh's Gross Profit for the
three
months ended in Dec. 2023 was $454 Mil. Oshkosh's Revenue for the
three
months ended in Dec. 2023 was $2,467 Mil. Therefore, Oshkosh's Gross Margin % for the quarter that ended in Dec. 2023 was 18.42%.
Warning Sign:
Oshkosh Corp gross margin has been in long-term decline. The average rate of decline per year is -3.1%.
The historical rank and industry rank for Oshkosh's Gross Margin % or its related term are showing as below:
OSK'
s Gross Margin % Range Over the Past 10 Years
Min: 12.73 Med: 17.17 Max: 18.1
Current: 17.4
During the past 13 years, the highestGross Margin % of Oshkosh was 18.10%. The lowest was 12.73%. And the median was 17.17%.
OSK's Gross Margin % is ranked worse than 73.66% of 205
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 24.19
vs OSK: 17.40
Oshkosh had a gross margin of 18.42% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Oshkosh was -3.10% per year.
Oshkosh Gross Margin % Historical Data
The historical data trend for Oshkosh's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Farm & Heavy Construction Machinery subindustry, Oshkosh's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Oshkosh Gross Margin % Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, Oshkosh's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Oshkosh's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Oshkosh (NYSE:OSK) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Oshkosh had a gross margin of 18.42% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Oshkosh Gross Margin % Related Terms
Thank you for viewing the detailed overview of Oshkosh's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oshkosh is the top producer of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, where it is typically the market share leader in North America, or, in the case of JLG aerial work platforms, a global leader. In recent years, the company has manufactured joint light tactical vehicles, or JLTV, for the U.S. Department of Defense. However, Oshkosh recently lost the JLTV recompete, bringing its U.S. Postal Service contract into focus, which calls for the electrification of U.S. postal vehicles. The company reports four segments—access equipment (48% of revenue), defense (26%), fire and emergency (13%), and commercial (13%)—and generated $8.3 billion in revenue in 2022.
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