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Side-by-side financial comparison of GLOBAL PARTNERS LP (GLP) 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 $2.2B, roughly 1.2× GLOBAL PARTNERS LP). OSHKOSH CORP runs the higher net margin — 5.0% vs 1.1%, a 3.8% gap on every dollar of revenue. On growth, GLOBAL PARTNERS LP posted the faster year-over-year revenue change (7.0% vs 3.5%). OSHKOSH CORP produced more free cash flow last quarter ($540.3M vs $62.2M). Over the past eight quarters, OSHKOSH CORP's revenue compounded faster (2.8% CAGR vs 0.2%).

Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.

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.

GLP vs OSK — Head-to-Head

Bigger by revenue
OSK
OSK
1.2× larger
OSK
$2.7B
$2.2B
GLP
Growing faster (revenue YoY)
GLP
GLP
+3.5% gap
GLP
7.0%
3.5%
OSK
Higher net margin
OSK
OSK
3.8% more per $
OSK
5.0%
1.1%
GLP
More free cash flow
OSK
OSK
$478.1M more FCF
OSK
$540.3M
$62.2M
GLP
Faster 2-yr revenue CAGR
OSK
OSK
Annualised
OSK
2.8%
0.2%
GLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GLP
GLP
OSK
OSK
Revenue
$2.2B
$2.7B
Net Profit
$25.1M
$133.8M
Gross Margin
11.9%
15.8%
Operating Margin
2.6%
7.9%
Net Margin
1.1%
5.0%
Revenue YoY
7.0%
3.5%
Net Profit YoY
5.0%
-12.6%
EPS (diluted)

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
GLP
GLP
OSK
OSK
Q4 25
$2.2B
$2.7B
Q3 25
$2.2B
$2.7B
Q2 25
$2.1B
$2.7B
Q1 25
$2.2B
$2.3B
Q4 24
$2.1B
$2.6B
Q3 24
$2.1B
$2.7B
Q2 24
$2.3B
$2.8B
Q1 24
$2.2B
$2.5B
Net Profit
GLP
GLP
OSK
OSK
Q4 25
$25.1M
$133.8M
Q3 25
$29.0M
$196.2M
Q2 25
$25.2M
$204.8M
Q1 25
$18.7M
$112.2M
Q4 24
$23.9M
$153.1M
Q3 24
$45.9M
$180.3M
Q2 24
$46.1M
$168.6M
Q1 24
$-5.6M
$179.4M
Gross Margin
GLP
GLP
OSK
OSK
Q4 25
11.9%
15.8%
Q3 25
12.1%
17.5%
Q2 25
13.1%
19.2%
Q1 25
11.7%
17.3%
Q4 24
13.0%
17.2%
Q3 24
13.4%
18.5%
Q2 24
12.6%
19.2%
Q1 24
9.8%
18.5%
Operating Margin
GLP
GLP
OSK
OSK
Q4 25
2.6%
7.9%
Q3 25
2.7%
9.7%
Q2 25
2.9%
10.7%
Q1 25
2.6%
7.6%
Q4 24
2.8%
8.6%
Q3 24
3.9%
9.7%
Q2 24
3.7%
9.2%
Q1 24
1.2%
10.2%
Net Margin
GLP
GLP
OSK
OSK
Q4 25
1.1%
5.0%
Q3 25
1.3%
7.3%
Q2 25
1.2%
7.5%
Q1 25
0.9%
4.9%
Q4 24
1.2%
5.9%
Q3 24
2.1%
6.6%
Q2 24
2.0%
5.9%
Q1 24
-0.3%
7.1%

Balance Sheet & Financial Strength

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

Metric
GLP
GLP
OSK
OSK
Cash + ST InvestmentsLiquidity on hand
$479.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.5B
Total Assets
$3.9B
$10.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLP
GLP
OSK
OSK
Q4 25
$479.8M
Q3 25
$211.8M
Q2 25
$191.7M
Q1 25
$210.3M
Q4 24
$204.9M
Q3 24
$160.9M
Q2 24
$141.4M
Q1 24
$69.9M
Total Debt
GLP
GLP
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
GLP
GLP
OSK
OSK
Q4 25
$4.5B
Q3 25
$4.5B
Q2 25
$4.5B
Q1 25
$4.2B
Q4 24
$4.2B
Q3 24
$4.1B
Q2 24
$3.9B
Q1 24
$3.8B
Total Assets
GLP
GLP
OSK
OSK
Q4 25
$3.9B
$10.1B
Q3 25
$3.7B
$9.8B
Q2 25
$3.8B
$10.0B
Q1 25
$3.8B
$9.8B
Q4 24
$3.8B
$9.4B
Q3 24
$3.7B
$9.9B
Q2 24
$3.8B
$9.7B
Q1 24
$3.5B
$9.5B
Debt / Equity
GLP
GLP
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
GLP
GLP
OSK
OSK
Operating Cash FlowLast quarter
$101.0M
$600.1M
Free Cash FlowOCF − Capex
$62.2M
$540.3M
FCF MarginFCF / Revenue
2.8%
20.1%
Capex IntensityCapex / Revenue
1.8%
2.2%
Cash ConversionOCF / Net Profit
4.03×
4.49×
TTM Free Cash FlowTrailing 4 quarters
$193.3M
$618.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLP
GLP
OSK
OSK
Q4 25
$101.0M
$600.1M
Q3 25
$19.0M
$489.0M
Q2 25
$216.3M
$89.2M
Q1 25
$-51.6M
$-394.9M
Q4 24
$67.2M
$790.8M
Q3 24
$122.7M
$326.1M
Q2 24
$24.3M
$-211.0M
Q1 24
$-182.7M
$-355.8M
Free Cash Flow
GLP
GLP
OSK
OSK
Q4 25
$62.2M
$540.3M
Q3 25
$-678.0K
$464.3M
Q2 25
$201.3M
$48.6M
Q1 25
$-69.5M
$-435.2M
Q4 24
$20.4M
$703.3M
Q3 24
$98.4M
$272.2M
Q2 24
$8.7M
$-250.5M
Q1 24
$-199.3M
$-455.9M
FCF Margin
GLP
GLP
OSK
OSK
Q4 25
2.8%
20.1%
Q3 25
-0.0%
17.3%
Q2 25
9.7%
1.8%
Q1 25
-3.2%
-18.8%
Q4 24
1.0%
27.1%
Q3 24
4.6%
9.9%
Q2 24
0.4%
-8.8%
Q1 24
-9.0%
-17.9%
Capex Intensity
GLP
GLP
OSK
OSK
Q4 25
1.8%
2.2%
Q3 25
0.9%
0.9%
Q2 25
0.7%
1.5%
Q1 25
0.8%
1.7%
Q4 24
2.3%
3.4%
Q3 24
1.1%
2.0%
Q2 24
0.7%
1.4%
Q1 24
0.8%
3.9%
Cash Conversion
GLP
GLP
OSK
OSK
Q4 25
4.03×
4.49×
Q3 25
0.66×
2.49×
Q2 25
8.58×
0.44×
Q1 25
-2.76×
-3.52×
Q4 24
2.82×
5.17×
Q3 24
2.67×
1.81×
Q2 24
0.53×
-1.25×
Q1 24
-1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLP
GLP

Gasoline$1.0B46%
Refined Petroleum Products Renewable Fuels Crude Oil And Propane$884.7M40%
Commercial Segment$187.6M8%
Station Operations$110.5M5%

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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