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 $373.2B against $8.0B — 46.4× the size. Oshkosh Corporation trades at the lower P/E: 15.1× against 35.2×. Caterpillar Inc. grew revenue faster over the last twelve months: 18.4% against 2.18%. Caterpillar Inc. has the higher net margin (14.5% vs 5.24%) and the higher return on invested capital (14.2% vs 10.6%). Both pay a dividend; Caterpillar Inc. yields more (1.69% vs 1.61%). Across the 23 metrics below, Oshkosh Corporation leads on 12 and Caterpillar Inc. on 11.

Valuation

Metric CAT OSK Farm & Heavy Construction Machinery median
P/E 35.17 15.10 23.38
P/S 5.06 0.78 0.81
P/B 19.50 1.83 1.43
Price to free cash flow 38.70 7.59 25.31
EV/EBITDA 24.69 8.20 12.13
EV/Sales 5.58 0.80 1.20
Earnings yield 2.84% 6.62% 2.73%
Free cash flow yield 2.58% 13.17% 3.02%

Profitability

Metric CAT OSK Farm & Heavy Construction Machinery median
Gross margin 34.34% 15.90% 24.21%
Operating margin 19.40% 7.52% 4.47%
Net margin 14.51% 5.24% 1.49%
Free cash flow margin 13.08% 10.29% 2.15%
Return on equity 56.99% 12.39% 4.16%
Return on assets 11.24% 5.54% 1.45%
Return on invested capital 14.15% 10.55% 3.36%

Growth

Metric CAT OSK Farm & Heavy Construction Machinery median
Revenue growth (TTM) 18.36% 2.18% 2.18%
EPS growth (last fiscal year) (14.69%) (3.19%) —
Revenue growth, 5-year CAGR 10.12% 6.14% 7.34%
Net income growth, 5-year CAGR 24.27% 4.92% 0.00%

Health

Metric CAT OSK Farm & Heavy Construction Machinery median
Debt to equity 2.33 0.13 0.67
Current ratio 1.37 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 1.69% 1.61% 1.45%
Payout ratio 0.33 0.25 0.08

Size

Metric CAT OSK Farm & Heavy Construction Machinery median
Market cap 373.15b 8.04b 772.81m

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