Federal Signal Corporation (FSS) vs Oshkosh Corporation (OSK)

Federal Signal Corporation and Oshkosh Corporation are both Farm & Heavy Construction Machinery companies. Oshkosh Corporation is the larger, with a market value of $8.0B against $6.9B — 1.2× the size. Oshkosh Corporation trades at the lower P/E: 15.1× against 24.5×. Federal Signal Corporation grew revenue faster over the last twelve months: 24.0% against 2.18%. Federal Signal Corporation has the higher net margin (11.7% vs 5.24%) and the higher return on invested capital (13.0% vs 10.6%). Both pay a dividend; Oshkosh Corporation yields more (1.61% vs 0.50%). Across the 23 metrics below, Federal Signal Corporation leads on 12 and Oshkosh Corporation on 11.

Valuation

Metric FSS OSK Farm & Heavy Construction Machinery median
P/E 24.47 15.10 23.38
P/S 2.85 0.78 0.81
P/B 4.64 1.83 1.43
Price to free cash flow 20.60 7.59 25.31
EV/EBITDA 15.19 8.20 12.13
EV/Sales 3.01 0.80 1.20
Earnings yield 4.09% 6.62% 2.73%
Free cash flow yield 4.85% 13.17% 3.02%

Profitability

Metric FSS OSK Farm & Heavy Construction Machinery median
Gross margin 29.17% 15.90% 24.21%
Operating margin 16.15% 7.52% 4.47%
Net margin 11.66% 5.24% 1.49%
Free cash flow margin 13.86% 10.29% 2.15%
Return on equity 20.61% 12.39% 4.16%
Return on assets 13.10% 5.54% 1.45%
Return on invested capital 13.02% 10.55% 3.36%

Growth

Metric FSS OSK Farm & Heavy Construction Machinery median
Revenue growth (TTM) 23.97% 2.18% 2.18%
EPS growth (last fiscal year) 14.57% (3.19%) —
Revenue growth, 5-year CAGR 14.03% 6.14% 7.34%
Net income growth, 5-year CAGR 20.72% 4.92% 0.00%

Health

Metric FSS OSK Farm & Heavy Construction Machinery median
Debt to equity 0.30 0.13 0.67
Current ratio 2.74 1.72 1.98
Net debt to EBITDA 1.19 0.53 1.12

Dividend

Metric FSS OSK Farm & Heavy Construction Machinery median
Dividend yield 0.50% 1.61% 1.45%
Payout ratio 0.17 0.25 0.08

Size

Metric FSS OSK Farm & Heavy Construction Machinery median
Market cap 6.88b 8.04b 772.81m

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