CVGI vs OSK vs CMI Stock Comparison

Commercial Vehicle, Oshkosh and Cummins Prices as of Oct 27, 2026 Peers: Industry group
OSK Oshkosh Corp
$134.20 +1.0% 1M -3.6% 1Y
Market cap
$8.58B
P/E
15.4x
Revenue (TTM)
$10.61B
Div. yield
–
Heavy Equipment Industrials
4 wins
CMI Cummins Inc
$530.34 +1.0% 1M +26.0% 1Y
Market cap
$73.20B
P/E
27.0x
Revenue (TTM)
$34.71B
Div. yield
–
Heavy Equipment Industrials
6 wins

Head to Head

11 decided of 12

Cummins leads on 6 of the 12 questions below (Cummins 6, Oshkosh 4, Commercial Vehicle 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCVGIOSKCMILeader
Larger companyMarket capitalisation $106.74M $8.58B $73.20B CMI
Cheaper on earningsLower P/E, profitable companies only -4.6x 15.4x 27.0x OSK
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 13.4x 16.9x OSK
Faster revenue growthRevenue growth, trailing twelve months -0.4% +2.2% +2.9% CMI
More profitableNet margin, trailing twelve months -3.4% 5.2% 7.8% CMI
Better return on capitalReturn on invested capital 5.9% 11.4% 13.6% CMI
Less leveragedLower net debt / EBITDA 3.0x 0.7x 0.7x OSK
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +84.8% -3.6% +26.0% CVGI
Better 5-year returnAnnualised price return, 5 years -21.6%/yr +4.5%/yr +16.9%/yr CMI
Less volatileAnnualised volatility, 1 year 82.4% 40.4% 37.1% CMI
Higher overall scoreMean of the five percentile scores vs peers 43/100 72/100 59/100 OSK

Percentile Scorecard

CVGIOSKCMI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCVGIOSKCMI
Valuation 85 #32 of 203 95 #12 of 203 50 #103 of 203
Growth 35 #122 of 188 59 #78 of 188 52 #90 of 188
Profitability 28 #132 of 183 63 #69 of 183 71 #54 of 183
Financial Health 23 #168 of 217 52 #105 of 217 52 #104 of 217
Shareholder Returns – 91 #15 of 153 69 #48 of 153
Overall 43 72 59
  • CVGI ranked among 222 companies in Machinery
  • OSK ranked among 222 companies in Machinery
  • CMI ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCVGIOSKCMISPY
1 month +2.3%+1.0%+1.0% -0.2%
3 months -31.9%-11.9%-17.3% +3.9%
6 months -28.6%-10.3%-17.5% +8.2%
Year to date +111.8%+6.8%+3.9% +12.9%
1 year +84.8%-3.6%+26.0% +12.3%
3 years -55.5%+55.5%+146.4% +87.4%
3 years, per year -23.7%+15.9%+35.1% +23.3%
5 years -70.4%+24.4%+118.5% +67.9%
5 years, per year -21.6%+4.5%+16.9% +10.9%
10 years -37.5%+155.2%+320.0% +261.1%
10 years, per year -4.6%+9.8%+15.4% +13.7%

Risk

MeasureCVGIOSKCMISPY
Volatility, 1Y 82.4%40.4%37.1% 12.7%
Downside volatility, 1Y 69.4%40.5%38.0% 12.7%
Beta vs S&P 500, 1Y 1.631.401.64 1.00
Return / volatility, 1Y 1.03-0.090.70 0.97
Max drawdown, 5Y -92.7%-43.5%-30.8% -25.4%
From 52-week high -47.2%-24.6%-27.1% -1.2%
52-week high $5.78$177.94$727.59 $779.14
52-week low $1.34$118.59$414.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCVGIOSKCMI
P/E now vs peer median -4.6xmedian 25.2x 15.1xmedian 25.2x 26.9xmedian 25.2x
P/S now vs peer median 0.2xmedian 1.9x 0.8xmedian 1.9x 2.1xmedian 1.9x
EV/EBITDA now vs peer median 6.8xmedian 14.0x 8.7xmedian 14.0x 15.2xmedian 14.0x
P/FCF now vs peer median -294.4xmedian 21.7x 7.4xmedian 21.7x 21.7xmedian 21.7x
P/B now vs peer median 0.8xmedian 2.3x 1.8xmedian 2.3x 5.3xmedian 2.3x
PEG now vs peer median 0.14median 1.32 1.18median 1.32 8.40median 1.32

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCVGIOSKCMI
Revenue $673.98M $10.61B $34.71B
Gross profit $75.61M $1.69B $8.79B
Operating income $13.41M $797.60M $3.89B
Net income -$23.05M $556.30M $2.83B
Free cash flow -$390.00K $1.12B $3.37B
R&D – – $1.44B
EPS (diluted) $-0.66 $8.87 $19.60
Cash & equivalents – $403.60M $3.18B
Total debt $91.78M $1.10B $7.35B
Shares (diluted) 34.77M 62.75M 138.50M
Enterprise value $106.74M $7.24B $69.28B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCVGIOSKCMI
P/E -4.6x 15.1x 26.9x
P/FCF -294.4x 7.4x 21.7x
P/Operating cash flow 10.7x 6.4x 15.7x
P/S 0.2x 0.8x 2.1x
P/B 0.8x 1.8x 5.3x
P/Tangible book 0.9x 2.2x 6.2x
EV/EBITDA 6.8x 8.7x 15.2x
EV/EBIT 15.4x 11.3x 19.6x
EV/Revenue 0.3x 0.8x 2.2x
EV/FCF -529.8x 8.0x 22.7x
EV/Operating cash flow 19.3x 6.9x 16.4x
PEG (3Y EPS CAGR) 0.14 1.18 8.40

Growth

14 metrics
MetricCVGIOSKCMI
Revenue growth (1Y) -0.4% 2.2% 2.9%
Revenue CAGR (3Y) -6.0% 5.8% 2.5%
Gross profit growth (1Y) 13.2% -10.2% 1.7%
Gross profit CAGR (3Y) -12.1% 7.4% 4.8%
Operating income growth (1Y) 425.0% -16.7% -6.0%
Operating income CAGR (3Y) -31.0% 8.2% 4.1%
Net income growth (1Y) 39.8% -14.5% -7.8%
Net income CAGR (3Y) -33.9% 11.1% 2.9%
EPS growth (1Y) 41.5% -11.7% -7.7%
EPS CAGR (3Y) -32.2% 12.8% 3.2%
Operating cash flow growth (1Y) 211.2% 60.6% 63.4%
Operating cash flow CAGR (3Y) -49.8% 57.0% 28.8%
Free cash flow growth (1Y) 98.2% 99.4% 103.8%
Free cash flow CAGR (3Y) -26.1% 49.8% 45.3%

Profitability

14 metrics
MetricCVGIOSKCMI
Gross margin 11.2% 15.9% 25.3%
EBITDA margin 4.5% 9.8% 14.4%
Operating margin 2.0% 7.5% 11.2%
Pretax margin -2.4% 6.5% 11.1%
Net margin -3.4% 5.2% 7.8%
FCF margin -0.1% 10.6% 9.7%
Operating cash flow margin 1.6% 12.3% 13.4%
Return on equity -17.3% 12.4% 20.7%
Return on assets -5.3% 5.6% 8.1%
Return on invested capital 5.9% 11.4% 13.6%
Return on capital employed 4.9% 11.5% 16.0%
Asset turnover 1.6x 1.1x 1.0x
Cash conversion (OCF / net income) -0.5x 2.3x 1.6x
Stock comp / revenue 0.7% 0.4% –

Financial Health

11 metrics
MetricCVGIOSKCMI
Debt / assets 20.2% 11.0% 20.6%
Debt / equity 0.7x 0.2x 0.5x
Net debt / EBITDA 3.0x 0.7x 0.7x
Debt / FCF -235.3x 1.0x 2.2x
Liabilities / assets 70.1% 55.0% 61.0%
Equity / assets 29.9% 45.0% 39.0%
Interest coverage 0.9x 6.6x 12.1x
Current ratio 2.0x 1.7x 1.7x
Quick ratio – 0.7x 1.0x
Cash ratio – 0.1x 0.4x
Altman Z-score 1.88 3.18 4.54

Shareholder Returns

7 metrics
MetricCVGIOSKCMI
Dividend yield – 1.7% 1.5%
Net buyback yield – 4.2% 0.6%
Shareholder yield – 5.8% 2.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCVGIOSKCMI
Forward P/E – 13.4xFY2026 16.9xFY2026
EPS, next fiscal year $-0.20FY2026 $10.00FY2026 $31.39FY2026
EPS growth, next FY – -7.3%FY2026 +31.9%FY2026
EPS growth, the year after – +46.4% +14.7%
Revenue, next fiscal year $777.74MFY2026 $10.70BFY2026 $35.38BFY2026
Revenue growth, next FY +19.8%FY2026 +2.6%FY2026 +5.1%FY2026
Revenue growth, the year after +3.3% +5.3% +11.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCVGIOSKCMI
Held by institutions 60.7% 100.0% 85.4%
Institutions holding 111 598 2,106
Change in shares held, QoQ +55.8% +5.1% +1.0%
Institutions buying 80 309 1,049
Institutions selling 20 188 728
Buyers to sellers 4.00 1.64 1.44

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CVGIOSKCMI
CVGI 1.00 0.17 0.34
OSK 0.17 1.00 0.48
CMI 0.34 0.48 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CVGI, OSK and CMI?

Cummins (CMI) is the largest by market capitalisation: Commercial Vehicle (CVGI) $106.74M, Oshkosh (OSK) $8.58B, Cummins (CMI) $73.20B.

Which stock is cheaper, CVGI, OSK and CMI?

Oshkosh (OSK) trades on the lowest price-to-earnings ratio (Commercial Vehicle (CVGI) -4.6x, Oshkosh (OSK) 15.4x, Cummins (CMI) 27.0x). On next year's consensus earnings, Oshkosh (OSK) is cheapest (Oshkosh (OSK) 13.4x, Cummins (CMI) 16.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cummins (CMI) grew revenue fastest over the trailing twelve months: Commercial Vehicle (CVGI) -0.4%, Oshkosh (OSK) +2.2%, Cummins (CMI) +2.9%.

Which company is more profitable?

Cummins (CMI) has the highest net margin (Commercial Vehicle (CVGI) -3.4%, Oshkosh (OSK) 5.2%, Cummins (CMI) 7.8%). On return on invested capital, Cummins (CMI) leads (Commercial Vehicle (CVGI) 5.9%, Oshkosh (OSK) 11.4%, Cummins (CMI) 13.6%).

Which stock has performed better?

Over the past year Commercial Vehicle (CVGI) returned the most: Commercial Vehicle (CVGI) +84.8%, Oshkosh (OSK) -3.6%, Cummins (CMI) +26.0%. Over five years, Cummins (CMI) compounded fastest (Commercial Vehicle (CVGI) -21.6%/yr, Oshkosh (OSK) +4.5%/yr, Cummins (CMI) +16.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cummins (CMI) has been the steadiest (Commercial Vehicle (CVGI) 82.4%, Oshkosh (OSK) 40.4%, Cummins (CMI) 37.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CVGI, OSK and CMI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cummins (CMI) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.