CNH Industrial N.V. (CNH) vs Oshkosh Corporation (OSK)

CNH Industrial N.V. and Oshkosh Corporation are both Farm & Heavy Construction Machinery companies. CNH Industrial N.V. is the larger, with a market value of $16.4B against $8.0B — 2.0× the size. Oshkosh Corporation trades at the lower P/E: 15.1× against 52.4×. Oshkosh Corporation grew revenue faster over the last twelve months: 2.18% against 0.64%. Oshkosh Corporation has the higher net margin (5.24% vs 1.71%) and the higher return on invested capital (10.6% vs 4.91%). Both pay a dividend; CNH Industrial N.V. yields more (2.73% vs 1.61%). Across the 23 metrics below, Oshkosh Corporation leads on 19 and CNH Industrial N.V. on 4.

Valuation

Metric CNH OSK Farm & Heavy Construction Machinery median
P/E 52.36 15.10 23.38
P/S 0.89 0.78 0.81
P/B 2.08 1.83 1.43
Price to free cash flow 26.52 7.59 25.31
EV/EBITDA 12.76 8.20 12.13
EV/Sales 2.18 0.80 1.20
Earnings yield 1.91% 6.62% 2.73%
Free cash flow yield 3.77% 13.17% 3.02%

Profitability

Metric CNH OSK Farm & Heavy Construction Machinery median
Gross margin 30.55% 15.90% 24.21%
Operating margin 13.52% 7.52% 4.47%
Net margin 1.71% 5.24% 1.49%
Free cash flow margin 3.36% 10.29% 2.15%
Return on equity 3.99% 12.39% 4.16%
Return on assets 0.72% 5.54% 1.45%
Return on invested capital 4.91% 10.55% 3.36%

Growth

Metric CNH OSK Farm & Heavy Construction Machinery median
Revenue growth (TTM) 0.64% 2.18% 2.18%
EPS growth (last fiscal year) (58.59%) (3.19%) —
Revenue growth, 5-year CAGR (7.02%) 6.14% 7.34%
Net income growth, 5-year CAGR 0.00% 4.92% 0.00%

Health

Metric CNH OSK Farm & Heavy Construction Machinery median
Debt to equity 3.33 0.13 0.67
Current ratio 12.23 1.72 1.98
Net debt to EBITDA 6.90 0.53 1.12

Dividend

Metric CNH OSK Farm & Heavy Construction Machinery median
Dividend yield 2.73% 1.61% 1.45%
Payout ratio 0.23 0.25 0.08

Size

Metric CNH OSK Farm & Heavy Construction Machinery median
Market cap 16.44b 8.04b 772.81m

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