Oshkosh Corporation (OSK)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Operating income	US$ in thousands	837,600	372,300	592,100	484,800	797,000
Revenue	US$ in thousands	9,608,800	8,231,100	7,695,300	6,803,800	8,333,600
Operating profit margin		8.72%	4.52%	7.69%	7.13%	9.56%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $837,600K ÷ $9,608,800K
= 8.72%

The operating profit margin of Oshkosh Corp has shown fluctuations over the past five years. In 2023, the operating profit margin improved significantly to 8.67% compared to 4.59% in 2022. This indicates that the company was able to generate more operating profit relative to its revenue in 2023.

However, when comparing the most recent operating profit margin to historical data, it is still slightly lower than the margins seen in 2019 (9.51%) and 2020 (7.13%). This suggests that Oshkosh Corp may have experienced some challenges in effectively controlling its operating expenses in 2023.

Overall, while there was a positive improvement in the operating profit margin from 2022 to 2023, further analysis of the company's cost management strategies and revenue generation capabilities may be necessary to understand the underlying factors driving these fluctuations.