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reported a backlog of $14.75 billion in its latest quarter, a figure that reflects average year-over-year declines of 3.3% over the past two years.
The metric, which represents the value of outstanding orders not yet executed or delivered, indicates that the company is not securing new orders at a pace sufficient to offset existing deliveries.
StockStory analysts note that this performance suggests increasing competition or market saturation within the Heavy Transportation Equipment sector. The company's unit economics have also drawn criticism.
Oshkosh averaged a gross margin of 16.3% over the last five years, meaning the firm paid $83.70 in supplier costs for every $100 in revenue.
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