Deere & Company (DE) vs Oshkosh Corporation (OSK)

Deere & Company and Oshkosh Corporation are both Farm & Heavy Construction Machinery companies. Deere & Company is the larger, with a market value of $187.7B against $8.0B — 23.3× the size. Oshkosh Corporation trades at the lower P/E: 15.1× against 38.3×. Deere & Company grew revenue faster over the last twelve months: 7.99% against 2.18%. Deere & Company has the higher net margin (10.2% vs 5.24%) and the lower return on invested capital (4.93% vs 10.6%). Both pay a dividend; Oshkosh Corporation yields more (1.61% vs 1.43%). Across the 23 metrics below, Oshkosh Corporation leads on 15 and Deere & Company on 8.

Valuation

Metric DE OSK Farm & Heavy Construction Machinery median
P/E 38.25 15.10 23.38
P/S 3.88 0.78 0.81
P/B 6.65 1.83 1.43
Price to free cash flow 23.26 7.59 25.31
EV/EBITDA 20.52 8.20 12.13
EV/Sales 5.00 0.80 1.20
Earnings yield 2.61% 6.62% 2.73%
Free cash flow yield 4.30% 13.17% 3.02%

Profitability

Metric DE OSK Farm & Heavy Construction Machinery median
Gross margin 36.59% 15.90% 24.21%
Operating margin 19.47% 7.52% 4.47%
Net margin 10.16% 5.24% 1.49%
Free cash flow margin 16.69% 10.29% 2.15%
Return on equity 18.33% 12.39% 4.16%
Return on assets 4.52% 5.54% 1.45%
Return on invested capital 4.93% 10.55% 3.36%

Growth

Metric DE OSK Farm & Heavy Construction Machinery median
Revenue growth (TTM) 7.99% 2.18% 2.18%
EPS growth (last fiscal year) (27.79%) (3.19%) —
Revenue growth, 5-year CAGR 5.15% 6.14% 7.34%
Net income growth, 5-year CAGR 12.81% 4.92% 0.00%

Health

Metric DE OSK Farm & Heavy Construction Machinery median
Debt to equity 2.28 0.13 0.67
Current ratio 2.10 1.72 1.98
Net debt to EBITDA 4.65 0.53 1.12

Dividend

Metric DE OSK Farm & Heavy Construction Machinery median
Dividend yield 1.43% 1.61% 1.45%
Payout ratio 0.14 0.25 0.08

Size

Metric DE OSK Farm & Heavy Construction Machinery median
Market cap 187.72b 8.04b 772.81m

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