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Side-by-side financial comparison of AVIS BUDGET GROUP, INC. (CAR) and OSHKOSH CORP (OSK). Click either name above to swap in a different company.

OSHKOSH CORP is the larger business by last-quarter revenue ($2.7B vs $2.7B, roughly 1.0× AVIS BUDGET GROUP, INC.). OSHKOSH CORP runs the higher net margin — 5.0% vs -28.0%, a 33.0% gap on every dollar of revenue. On growth, OSHKOSH CORP posted the faster year-over-year revenue change (3.5% vs -1.7%). Over the past eight quarters, OSHKOSH CORP's revenue compounded faster (2.8% CAGR vs 2.2%).

Avis Budget Group, Inc. is an American car rental agency holding company headquartered in Parsippany, New Jersey. It is the parent company of several brands including Avis Car Rental, Budget Rent a Car, Budget Truck Rental, Payless Car Rental, and Zipcar.

Oshkosh Corporation, formerly Oshkosh Truck, is an American industrial company that designs and builds specialty trucks, military vehicles, truck bodies, airport fire apparatus, and access equipment. The corporation also owns Pierce Manufacturing, a fire apparatus manufacturer in Appleton, Wisconsin, and JLG Industries, a manufacturer of lift equipment, including aerial lifts, boom lifts, scissor lifts, telehandlers and low-level access lifts.

CAR vs OSK — Head-to-Head

Bigger by revenue
OSK
OSK
1.0× larger
OSK
$2.7B
$2.7B
CAR
Growing faster (revenue YoY)
OSK
OSK
+5.2% gap
OSK
3.5%
-1.7%
CAR
Higher net margin
OSK
OSK
33.0% more per $
OSK
5.0%
-28.0%
CAR
Faster 2-yr revenue CAGR
OSK
OSK
Annualised
OSK
2.8%
2.2%
CAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CAR
CAR
OSK
OSK
Revenue
$2.7B
$2.7B
Net Profit
$-747.0M
$133.8M
Gross Margin
15.8%
Operating Margin
-27.8%
7.9%
Net Margin
-28.0%
5.0%
Revenue YoY
-1.7%
3.5%
Net Profit YoY
61.8%
-12.6%
EPS (diluted)
$-21.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAR
CAR
OSK
OSK
Q4 25
$2.7B
$2.7B
Q3 25
$3.5B
$2.7B
Q2 25
$3.0B
$2.7B
Q1 25
$2.4B
$2.3B
Q4 24
$2.7B
$2.6B
Q3 24
$3.5B
$2.7B
Q2 24
$3.0B
$2.8B
Q1 24
$2.6B
$2.5B
Net Profit
CAR
CAR
OSK
OSK
Q4 25
$-747.0M
$133.8M
Q3 25
$359.0M
$196.2M
Q2 25
$4.0M
$204.8M
Q1 25
$-505.0M
$112.2M
Q4 24
$-2.0B
$153.1M
Q3 24
$237.0M
$180.3M
Q2 24
$14.0M
$168.6M
Q1 24
$-114.0M
$179.4M
Gross Margin
CAR
CAR
OSK
OSK
Q4 25
15.8%
Q3 25
17.5%
Q2 25
19.2%
Q1 25
17.3%
Q4 24
17.2%
Q3 24
18.5%
Q2 24
19.2%
Q1 24
18.5%
Operating Margin
CAR
CAR
OSK
OSK
Q4 25
-27.8%
7.9%
Q3 25
13.4%
9.7%
Q2 25
0.5%
10.7%
Q1 25
-27.9%
7.6%
Q4 24
-104.8%
8.6%
Q3 24
9.5%
9.7%
Q2 24
0.9%
9.2%
Q1 24
-5.6%
10.2%
Net Margin
CAR
CAR
OSK
OSK
Q4 25
-28.0%
5.0%
Q3 25
10.2%
7.3%
Q2 25
0.1%
7.5%
Q1 25
-20.8%
4.9%
Q4 24
-72.3%
5.9%
Q3 24
6.8%
6.6%
Q2 24
0.5%
5.9%
Q1 24
-4.5%
7.1%
EPS (diluted)
CAR
CAR
OSK
OSK
Q4 25
$-21.11
Q3 25
$10.11
Q2 25
$0.10
Q1 25
$-14.35
Q4 24
$-55.08
Q3 24
$6.65
Q2 24
$0.41
Q1 24
$-3.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAR
CAR
OSK
OSK
Cash + ST InvestmentsLiquidity on hand
$519.0M
$479.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-3.1B
$4.5B
Total Assets
$31.3B
$10.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAR
CAR
OSK
OSK
Q4 25
$519.0M
$479.8M
Q3 25
$564.0M
$211.8M
Q2 25
$541.0M
$191.7M
Q1 25
$516.0M
$210.3M
Q4 24
$534.0M
$204.9M
Q3 24
$602.0M
$160.9M
Q2 24
$511.0M
$141.4M
Q1 24
$522.0M
$69.9M
Total Debt
CAR
CAR
OSK
OSK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$602.3M
Q2 24
$599.1M
Q1 24
$598.9M
Stockholders' Equity
CAR
CAR
OSK
OSK
Q4 25
$-3.1B
$4.5B
Q3 25
$-2.4B
$4.5B
Q2 25
$-2.7B
$4.5B
Q1 25
$-2.8B
$4.2B
Q4 24
$-2.3B
$4.2B
Q3 24
$-238.0M
$4.1B
Q2 24
$-490.0M
$3.9B
Q1 24
$-515.0M
$3.8B
Total Assets
CAR
CAR
OSK
OSK
Q4 25
$31.3B
$10.1B
Q3 25
$32.5B
$9.8B
Q2 25
$32.4B
$10.0B
Q1 25
$29.0B
$9.8B
Q4 24
$29.0B
$9.4B
Q3 24
$32.7B
$9.9B
Q2 24
$33.9B
$9.7B
Q1 24
$33.5B
$9.5B
Debt / Equity
CAR
CAR
OSK
OSK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.15×
Q2 24
0.15×
Q1 24
0.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAR
CAR
OSK
OSK
Operating Cash FlowLast quarter
$437.0M
$600.1M
Free Cash FlowOCF − Capex
$540.3M
FCF MarginFCF / Revenue
20.1%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
4.49×
TTM Free Cash FlowTrailing 4 quarters
$618.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAR
CAR
OSK
OSK
Q4 25
$437.0M
$600.1M
Q3 25
$1.4B
$489.0M
Q2 25
$837.0M
$89.2M
Q1 25
$619.0M
$-394.9M
Q4 24
$772.0M
$790.8M
Q3 24
$1.3B
$326.1M
Q2 24
$884.0M
$-211.0M
Q1 24
$589.0M
$-355.8M
Free Cash Flow
CAR
CAR
OSK
OSK
Q4 25
$540.3M
Q3 25
$464.3M
Q2 25
$48.6M
Q1 25
$-435.2M
Q4 24
$703.3M
Q3 24
$272.2M
Q2 24
$-250.5M
Q1 24
$-455.9M
FCF Margin
CAR
CAR
OSK
OSK
Q4 25
20.1%
Q3 25
17.3%
Q2 25
1.8%
Q1 25
-18.8%
Q4 24
27.1%
Q3 24
9.9%
Q2 24
-8.8%
Q1 24
-17.9%
Capex Intensity
CAR
CAR
OSK
OSK
Q4 25
2.2%
Q3 25
0.9%
Q2 25
1.5%
Q1 25
1.7%
Q4 24
3.4%
Q3 24
2.0%
Q2 24
1.4%
Q1 24
3.9%
Cash Conversion
CAR
CAR
OSK
OSK
Q4 25
4.49×
Q3 25
3.91×
2.49×
Q2 25
209.25×
0.44×
Q1 25
-3.52×
Q4 24
5.17×
Q3 24
5.37×
1.81×
Q2 24
63.14×
-1.25×
Q1 24
-1.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAR
CAR

Avis$1.5B57%
Budget$979.0M37%
Other Brands$171.0M6%

OSK
OSK

Vocational Segment$922.4M34%
Aerial Works Platforms$548.6M20%
Other Access Equipment$311.8M12%
Telehandlers$311.2M12%
Airport Products$252.7M9%
Delivery Vehicles$165.0M6%
Other Vocational$130.7M5%
Transferred Over Time$23.5M1%

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