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 $13.9B against $8.3B — 1.7× the size. Oshkosh Corporation trades at the lower P/E: 17.2× against 45.1×. Oshkosh Corporation grew revenue faster over the last twelve months: 4.18% against 0.64%. Oshkosh Corporation has the higher net margin (4.63% vs 1.71%) and the higher return on invested capital (9.99% vs 4.91%). Both pay a dividend; Oshkosh Corporation yields more (1.62% vs 0.89%). Across the 23 metrics below, Oshkosh Corporation leads on 18 and CNH Industrial N.V. on 5.

Valuation

Metric CNH OSK Farm & Heavy Construction Machinery median
P/E 45.08 17.19 21.67
P/S 0.77 0.79 0.77
P/B 1.79 1.86 1.31
Price to free cash flow 22.84 8.95 20.59
EV/EBITDA 12.03 8.70 11.30
EV/Sales 2.06 0.79 1.11
Earnings yield 2.22% 5.82% 3.08%
Free cash flow yield 4.38% 11.17% 3.12%

Profitability

Metric CNH OSK Farm & Heavy Construction Machinery median
Gross margin 30.55% 15.39% 22.91%
Operating margin 13.52% 6.82% 4.47%
Net margin 1.71% 4.63% 1.41%
Free cash flow margin 3.36% 8.79% 2.26%
Return on equity 3.99% 10.97% 3.99%
Return on assets 0.72% 4.96% 1.31%
Return on invested capital 4.91% 9.99% 4.09%

Growth

Metric CNH OSK Farm & Heavy Construction Machinery median
Revenue growth (TTM) 0.64% 4.18% 1.81%
EPS growth (last fiscal year) (58.59%) (3.19%) (27.79%)
Revenue growth, 5-year CAGR (7.02%) 6.14% 6.63%
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 0.66
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 0.89% 1.62% 1.24%
Payout ratio 0.40 0.28 0.31

Size

Metric CNH OSK Farm & Heavy Construction Machinery median
Market cap 13.92b 8.34b 836.63m

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