Caterpillar Inc. (CAT) vs Oshkosh Corporation (OSK)

Caterpillar Inc. and Oshkosh Corporation are both Farm & Heavy Construction Machinery companies. Caterpillar Inc. is the larger, with a market value of $254.5B against $8.3B — 30.5× the size. Oshkosh Corporation trades at the lower P/E: 17.2× against 21.7×. Caterpillar Inc. grew revenue faster over the last twelve months: 20.3% against 4.18%. Caterpillar Inc. has the higher net margin (15.2% vs 4.63%) and the higher return on invested capital (15.2% vs 9.99%). Both pay a dividend; Oshkosh Corporation yields more (1.62% vs 1.13%). Across the 23 metrics below, Oshkosh Corporation leads on 13 and Caterpillar Inc. on 10.

Valuation

Metric CAT OSK Farm & Heavy Construction Machinery median
P/E 21.67 17.19 21.67
P/S 3.28 0.79 0.77
P/B 11.86 1.86 1.31
Price to free cash flow 24.14 8.95 20.59
EV/EBITDA 17.31 8.70 11.30
EV/Sales 3.76 0.79 1.11
Earnings yield 4.61% 5.82% 3.08%
Free cash flow yield 4.14% 11.17% 3.12%

Profitability

Metric CAT OSK Farm & Heavy Construction Machinery median
Gross margin 34.78% 15.39% 22.91%
Operating margin 20.18% 6.82% 4.47%
Net margin 15.21% 4.63% 1.41%
Free cash flow margin 13.57% 8.79% 2.26%
Return on equity 56.15% 10.97% 3.99%
Return on assets 11.80% 4.96% 1.31%
Return on invested capital 15.16% 9.99% 4.09%

Growth

Metric CAT OSK Farm & Heavy Construction Machinery median
Revenue growth (TTM) 20.26% 4.18% 1.81%
EPS growth (last fiscal year) (14.69%) (3.19%) (27.79%)
Revenue growth, 5-year CAGR 10.12% 6.14% 6.63%
Net income growth, 5-year CAGR 24.27% 4.92% 0.00%

Health

Metric CAT OSK Farm & Heavy Construction Machinery median
Debt to equity 2.10 0.13 0.66
Current ratio 1.42 1.72 1.98
Net debt to EBITDA 2.26 0.53 1.12

Dividend

Metric CAT OSK Farm & Heavy Construction Machinery median
Dividend yield 1.13% 1.62% 1.24%
Payout ratio 0.25 0.28 0.31

Size

Metric CAT OSK Farm & Heavy Construction Machinery median
Market cap 254.49b 8.34b 836.63m

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