Caterpillar vs. Oshkosh: Which Industrials Stock Is a Better Buy in 2026?

Industry
โดย The Motley Fool·Read original
Summary · why it matters

Caterpillar and Oshkosh offer distinct investment profiles for 2026, with Caterpillar favored for its AI-driven growth potential despite a higher valuation. Caterpillar reported fiscal 2025 revenue of nearly $67.6 billion, a 4.3% increase, and net income of approximately $8.9 billion, though its net margin fell to 13.1% from 16.7% in fiscal 2024. Oshkosh posted fiscal 2025 revenue of about $10.4 billion, down nearly 2.9%, with net income of roughly $647 million and a net margin of 6.2%. Oshkosh trades at a forward P/E of 13.1x and a price-to-sales ratio of 0.9x, significantly cheaper than Caterpillar's 38.8x forward P/E and 6.5x price-to-sales ratio. The analysis concludes that Caterpillar is the better choice for investors willing to pay a premium for exposure to AI-related infrastructure spending, while Oshkosh is a more conservative, defensive play reliant on government contracts.

Impact on stocks 6

Defense & Geopolitical Fragmentation▲ · 2 stocks
Oshkosh Corporation
OSK
± MixedCapitalrelevance

Article notes Oshkosh's lower valuation and defensive government contract reliance, but revenue declined and margin is lower; no clear positive or negative catalyst.

Energy Transition & Power Demand▲ · 1 stocks
Caterpillar Inc
CAT
▲ PositiveCapitalrelevance

Article highlights Caterpillar's revenue growth and AI-driven infrastructure spending potential, making it a better buy despite higher valuation.

Consumer Discretionary▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
Industrials▲ · 1 stocks
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