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Side-by-side financial comparison of OSHKOSH CORP (OSK) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

PAN AMERICAN SILVER CORP is the larger business by last-quarter revenue ($2.8B vs $2.7B, roughly 1.0× OSHKOSH CORP).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

OSK vs PAAS — Head-to-Head

Bigger by revenue
PAAS
PAAS
1.0× larger
PAAS
$2.8B
$2.7B
OSK

Income Statement — Q4 FY2025 vs Q3 FY2022

Metric
OSK
OSK
PAAS
PAAS
Revenue
$2.7B
$2.8B
Net Profit
$133.8M
Gross Margin
15.8%
27.0%
Operating Margin
7.9%
Net Margin
5.0%
Revenue YoY
3.5%
Net Profit YoY
-12.6%
EPS (diluted)
$-1.05

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
OSK
OSK
PAAS
PAAS
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.7B
Q1 25
$2.3B
Q4 24
$2.6B
Q3 24
$2.7B
Q2 24
$2.8B
Q1 24
$2.5B
Net Profit
OSK
OSK
PAAS
PAAS
Q4 25
$133.8M
Q3 25
$196.2M
Q2 25
$204.8M
Q1 25
$112.2M
Q4 24
$153.1M
Q3 24
$180.3M
Q2 24
$168.6M
Q1 24
$179.4M
Gross Margin
OSK
OSK
PAAS
PAAS
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
OSK
OSK
PAAS
PAAS
Q4 25
7.9%
Q3 25
9.7%
Q2 25
10.7%
Q1 25
7.6%
Q4 24
8.6%
Q3 24
9.7%
Q2 24
9.2%
Q1 24
10.2%
Net Margin
OSK
OSK
PAAS
PAAS
Q4 25
5.0%
Q3 25
7.3%
Q2 25
7.5%
Q1 25
4.9%
Q4 24
5.9%
Q3 24
6.6%
Q2 24
5.9%
Q1 24
7.1%

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OSK
OSK
PAAS
PAAS
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
OSK
OSK
PAAS
PAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$602.3M
Q2 24
$599.1M
Q1 24
$598.9M
Stockholders' Equity
OSK
OSK
PAAS
PAAS
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
OSK
OSK
PAAS
PAAS
Q4 25
$10.1B
Q3 25
$9.8B
Q2 25
$10.0B
Q1 25
$9.8B
Q4 24
$9.4B
Q3 24
$9.9B
Q2 24
$9.7B
Q1 24
$9.5B
Debt / Equity
OSK
OSK
PAAS
PAAS
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
OSK
OSK
PAAS
PAAS
Operating Cash FlowLast quarter
$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
OSK
OSK
PAAS
PAAS
Q4 25
$600.1M
Q3 25
$489.0M
Q2 25
$89.2M
Q1 25
$-394.9M
Q4 24
$790.8M
Q3 24
$326.1M
Q2 24
$-211.0M
Q1 24
$-355.8M
Free Cash Flow
OSK
OSK
PAAS
PAAS
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
OSK
OSK
PAAS
PAAS
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
OSK
OSK
PAAS
PAAS
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
OSK
OSK
PAAS
PAAS
Q4 25
4.49×
Q3 25
2.49×
Q2 25
0.44×
Q1 25
-3.52×
Q4 24
5.17×
Q3 24
1.81×
Q2 24
-1.25×
Q1 24
-1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

PAAS
PAAS

Segment breakdown not available.

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