Oshkosh Corporation (OSK)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Operating income (ttm)	US$ in thousands	837,600	769,200	629,900	471,300	372,300	359,700	455,800	524,800	592,100	585,100	490,400	478,700	488,700	564,400	703,600	745,600	797,000	795,800	761,200	742,000
Revenue (ttm)	US$ in thousands	9,599,300	9,351,500	8,915,100	8,564,200	8,249,100	8,098,100	8,239,400	8,063,100	7,692,100	7,423,700	6,795,700	6,693,900	6,813,900	7,225,400	8,036,800	8,251,000	8,369,800	8,231,100	8,026,400	7,922,600
Operating profit margin		8.73%	8.23%	7.07%	5.50%	4.51%	4.44%	5.53%	6.51%	7.70%	7.88%	7.22%	7.15%	7.17%	7.81%	8.75%	9.04%	9.52%	9.67%	9.48%	9.37%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $837,600K ÷ $9,599,300K
= 8.73%

The operating profit margin of Oshkosh Corp has demonstrated an upward trend over the past eight quarters. It has increased from 4.59% in Q4 2022 to 8.67% in Q4 2023, indicating an improvement in the company's ability to generate profits from its core operations.

The company's operating profit margin has fluctuated throughout the analyzed period, with some quarters showing more significant variations compared to others. Notably, the margins reached a low of 3.84% in Q3 2022 before steadily increasing in subsequent quarters.

The consistent improvement in operating profit margins over the past year is a positive sign of the company's operational efficiency and cost management. It suggests that Oshkosh Corp has been able to increase its profitability relative to revenue generated, which can be indicative of effective management and potential growth opportunities.

Overall, the increasing trend in operating profit margin for Oshkosh Corp reflects a strengthening financial performance and may be seen as a favorable indicator for investors and stakeholders.