OshkoshFRA:OK3 +0.29%90 Net Margin % is 1.86% as of Mar. 2026, which is 70% below its 10-year median of 6.16. GuruFocus rates FRA:OK3 with a GF Score™ of 90/100 and a GF Value™ of €102.31 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 211 Farm & Heavy Construction Machinery companies, Oshkosh ranks better than 53.55% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Oshkosh's Net Income for the
three
months ended in Mar. 2026 was €37 Mil. Oshkosh's Revenue for the
three
months ended in Mar. 2026 was €2,005 Mil. Therefore, Oshkosh's net margin for the quarter that ended in Mar. 2026 was 1.86%.
The historical rank and industry rank for Oshkosh's Net Margin % or its related term are showing as below:
FRA:OK3'
s Net Margin % Range Over the Past 10 Years
Min: 2.1 Med: 6.16 Max: 6.91
Current: 5.54
FRA:OK3's Net Margin % is ranked better than 53.55% of 211
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 5.14
vs FRA:OK3: 5.54
Oshkosh (FRA:OK3) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Oshkosh Net Margin % Related Terms
Oshkosh Net Margin % Historical Data
* Premium members only.
The historical data trend for Oshkosh's Net 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.
FRA:OK3 vs AGCO, TEX, FSS: Net Margin % Comparison
For the Farm & Heavy Construction Machinery subindustry, Oshkosh's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Oshkosh's Net Margin % distribution charts can be found below:
* The bar in red indicates where Oshkosh's Net 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.
Oshkosh (FRA:OK3) has a Net Margin % of 1.86% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Oshkosh and its competitors. This is 70% below median its historical median of 6.16. Over the past decade, Oshkosh's Net Margin % has ranged from 2.10 to 6.91. According to the industry distribution chart, Oshkosh ranks #98 out of 211 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 46.4%.
Is Oshkosh's Net Margin % too high?
Oshkosh's current Net Margin % of 1.86% is 70% below median its 10-year median of 6.16. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 6.91. The Farm & Heavy Construction Machinery industry median Net Margin % is 5.14. Oshkosh's value of 1.86% is 63.8% below this industry median. Based on the distribution chart, Oshkosh ranks #98 out of 211 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Oshkosh has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oshkosh's Net Margin % compare to AGCO and TEX?
According to the Farm & Heavy Construction Machinery industry distribution chart, Oshkosh ranks #98 out of 211 companies for Net Margin %. This puts Oshkosh in the upper half of its industry. The industry median Net Margin % is 5.14. Oshkosh's value of 1.86% is 63.8% below this benchmark. Historically, Oshkosh's own Net Margin % has ranged from 2.10 to 6.91 over the past decade. While the company's 10-year median is 6.16 vs. the industry median of 5.14, Oshkosh has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Farm & Heavy Construction Machinery company?
The median Net Margin % among Farm & Heavy Construction Machinery companies is 5.14, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oshkosh's current Net Margin % of 1.86% is 63.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Oshkosh and its competitors. For the Farm & Heavy Construction Machinery industry, the median Net Margin % is 5.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oshkosh's current Net Margin % is 1.86%, which is 70% below median its own 10-year median of 6.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oshkosh stock overvalued right now?
Based on GuruFocus' analysis, Oshkosh (FRA:OK3) is currently considered Modestly Overvalued. The stock's GF Value™ is €102.31, compared to a current price of €121.65 — trading 18.9% above its estimated fair value. The current Net Margin % is 1.86%, which is 70% below median its 10-year median of 6.16 and 63.8% below the Farm & Heavy Construction Machinery industry median of 5.14. Oshkosh's overall GF Score™ is 90/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Oshkosh (FRA:OK3), the current Net Margin % is 1.86% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Oshkosh (FRA:OK3) Overvalued in 2026?
Based on GuruFocus' analysis, Oshkosh stock appears to be overvalued.
The current stock price of €121.65 is trading 18.9% above its estimated GF Value™ of €102.31.
GuruFocus considers Oshkosh to be Modestly Overvalued.
Key valuation signals for FRA:OK3:
Net Margin %: 1.86% (70% below median its 10-year median of 6.16)
GF Value™: €102.31 vs. price of €121.65 (18.9% above fair value)
Industry Position: 63.8% below the Farm & Heavy Construction Machinery median (#98 of 211)
No single metric tells the full story. See the FRA:OK3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oshkosh is a leading maker of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, including postal, firefighting, refuse/recycling collection, aviation, and construction. It is typically the market share leader or No. 2 player in North America, or even the global leader in the case of its JLG aerial work platform business. The transport segment is a leading provider of light trucks to the military and vehicles to the Postal Service. The vocational segment, featuring brands such as Pierce, AeroTech, and Volterra, offers purpose-built vehicles and equipment to municipalities. The company reports three segments—Access equipment (45% of revenue), Vocational (35%), and Transport (20%) on 2025 revenue of $10.4 billion.
90GF Score
Get the complete analysis for FRA:OK3
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:OK3 has been successfully added to your 
