OSK vs WCN vs CAT Stock Comparison

Oshkosh, Waste Connections and Caterpillar Prices as of Nov 2, 2026 Peers: Industry group
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OSK Oshkosh Corp
$145.51 +8.7% 1M +18.0% 1Y
Market cap
$8.92B
P/E
18.1x
Revenue (TTM)
$10.76B
Div. yield
1.53%
Heavy Equipment Industrials
6 wins
WCN Waste Connections, Inc.
$188.09 +22.3% 1M +12.2% 1Y
Market cap
$47.43B
P/E
45.0x
Revenue (TTM)
$9.76B
Div. yield
0.74%
Solid Waste Industrials
1 win
CAT Caterpillar Inc
$613.45 -27.4% 1M +6.3% 1Y
Market cap
$282.00B
P/E
26.0x
Revenue (TTM)
$74.73B
Div. yield
1.02%
Heavy Equipment Industrials
5 wins

Head to Head

12 decided of 12

Oshkosh leads on 6 of the 12 questions below (Oshkosh 6, Caterpillar 5, Waste Connections 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionOSKWCNCATLeader
Larger companyMarket capitalisation $8.92B $47.43B $282.00B CAT
Cheaper on earningsLower P/E, profitable companies only 18.1x 45.0x 26.0x OSK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.6x 34.8x 23.8x OSK
Faster revenue growthRevenue growth, trailing twelve months +4.2% +5.7% +18.4% CAT
More profitableNet margin, trailing twelve months 4.6% 10.9% 14.5% CAT
Better return on capitalReturn on invested capital 10.2% 7.4% 15.9% CAT
Less leveragedLower net debt / EBITDA 0.6x 2.9x 2.5x OSK
Higher dividend yieldTrailing dividend yield 1.53% 0.74% 1.02% OSK
Better 1-year returnPrice return, last 12 months +18.0% +12.2% +6.3% OSK
Better 5-year returnAnnualised price return, 5 years +5.4%/yr +6.9%/yr +24.7%/yr CAT
Less volatileAnnualised volatility, 1 year 39.7% 25.6% 40.6% WCN
Higher overall scoreMean of the five percentile scores vs peers 66/100 54/100 54/100 OSK

Percentile Scorecard

OSKWCNCAT

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

AxisOSKWCNCAT
Valuation 89 #24 of 203 27 #12 of 16 31 #141 of 203
Growth 39 #115 of 189 62 #6 of 14 70 #58 of 189
Profitability 59 #77 of 187 77 #4 of 14 92 #16 of 187
Financial Health 51 #109 of 221 20 #13 of 16 17 #184 of 221
Shareholder Returns 91 #15 of 152 86 #2 of 8 62 #59 of 152
Overall 66 54 54
  • OSK ranked among 223 companies in Machinery
  • WCN ranked among 16 companies in Waste Management
  • CAT ranked among 223 companies in Machinery

Price Performance

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

Returns

PeriodOSKWCNCATSPY
1 month +8.7%+22.3%-27.4% -2.3%
3 months -2.0%+12.2%-26.2% -0.7%
6 months -2.9%+17.1%-29.9% +4.8%
Year to date +15.8%+7.3%+7.1% +10.3%
1 year +18.0%+12.2%+6.3% +10.3%
3 years +54.0%+41.2%+154.8% +73.0%
3 years, per year +15.5%+12.2%+36.6% +20.1%
5 years +30.2%+39.7%+201.4% +61.9%
5 years, per year +5.4%+6.9%+24.7% +10.1%
10 years +164.4%+278.8%+656.3% +258.6%
10 years, per year +10.2%+14.2%+22.4% +13.6%

Risk

MeasureOSKWCNCATSPY
Volatility, 1Y 39.7%25.6%40.6% 12.8%
Downside volatility, 1Y 38.5%23.1%43.1% 12.8%
Beta vs S&P 500, 1Y 1.34-0.201.91 1.00
Return / volatility, 1Y 0.450.480.15 0.80
Max drawdown, 5Y -43.5%-25.5%-42.4% -25.4%
From 52-week high -18.2%0.0%-42.4% -3.5%
52-week high $177.94$188.09$1,064.90 $779.14
52-week low $118.59$149.02$546.13 $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.

MultipleOSKWCNCAT
P/E now vs peer median 18.1xmedian 25.6x 45.0xmedian 30.9x 26.0xmedian 25.6x
P/S now vs peer median 0.8xmedian 1.9x 4.9xmedian 3.4x 3.8xmedian 1.9x
EV/EBITDA now vs peer median 9.7xmedian 14.4x 18.0xmedian 15.1x 20.7xmedian 14.4x
P/FCF now vs peer median 9.5xmedian 22.5x 38.5xmedian 18.0x 31.4xmedian 22.5x
P/B now vs peer median 2.0xmedian 2.2x 6.0xmedian 2.9x 14.5xmedian 2.2x
PEG now vs peer median 48.64median 1.36 5.13median 2.73 2.00median 1.36

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 monthsOSKWCNCAT
Revenue $10.76B $9.76B $74.73B
Gross profit $1.66B $4.15B $25.66B
Operating income $734.30M $1.66B $13.09B
Net income $498.50M $1.06B $10.84B
Free cash flow $942.10M $1.23B $8.99B
R&D – – $2.27B
EPS (diluted) $8.01 $4.18 $23.45
Cash & equivalents $558.00M $98.18M $6.71B
Total debt $1.10B $9.32B $45.15B
Shares (diluted) 62.24M 253.86M 462.50M
Enterprise value $7.23B $47.05B $253.70B

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
MetricOSKWCNCAT
P/E 18.1x 45.0x 26.0x
P/FCF 9.5x 38.5x 31.4x
P/Operating cash flow 7.9x 18.9x 20.8x
P/S 0.8x 4.9x 3.8x
P/B 2.0x 6.0x 14.5x
P/Tangible book 2.3x 8.0x 14.9x
EV/EBITDA 9.7x 18.0x 20.7x
EV/EBIT 12.9x 34.1x 24.5x
EV/Revenue 0.9x 5.8x 4.3x
EV/FCF 10.0x 46.0x 35.6x
EV/Operating cash flow 8.3x 22.5x 23.6x
PEG (3Y EPS CAGR) 48.64 5.13 2.00

Growth

14 metrics
MetricOSKWCNCAT
Revenue growth (1Y) 4.2% 5.7% 18.4%
Revenue CAGR (3Y) 4.6% 8.4% 4.9%
Gross profit growth (1Y) -10.1% 7.0% 11.7%
Gross profit CAGR (3Y) 2.4% 10.6% 5.6%
Operating income growth (1Y) -22.8% 47.6% 13.7%
Operating income CAGR (3Y) -1.5% 8.6% 7.7%
Net income growth (1Y) -25.2% 64.7% 14.9%
Net income CAGR (3Y) -1.5% 8.1% 9.0%
EPS growth (1Y) -22.4% 68.0% 17.1%
EPS CAGR (3Y) 0.4% 8.8% 13.0%
Operating cash flow growth (1Y) 16.3% 8.9% 19.3%
Operating cash flow CAGR (3Y) 36.2% 6.8% 10.6%
Free cash flow growth (1Y) 26.0% 8.1% 16.2%
Free cash flow CAGR (3Y) 69.7% 2.9% 7.4%

Profitability

14 metrics
MetricOSKWCNCAT
Gross margin 15.4% 42.5% 34.3%
EBITDA margin 9.1% 32.2% 20.7%
Operating margin 6.8% 17.0% 17.5%
Pretax margin 5.9% 14.2% 18.6%
Net margin 4.6% 10.9% 14.5%
FCF margin 8.8% 12.6% 12.0%
Operating cash flow margin 10.5% 25.7% 18.2%
Return on equity 11.0% 13.3% 57.0%
Return on assets 4.9% 5.0% 10.9%
Return on invested capital 10.2% 7.4% 15.9%
Return on capital employed 10.5% 8.7% 22.1%
Asset turnover 1.1x 0.5x 0.8x
Cash conversion (OCF / net income) 2.3x 2.4x 1.3x
Stock comp / revenue 0.4% 0.8% –

Financial Health

11 metrics
MetricOSKWCNCAT
Debt / assets 10.7% 43.6% 44.0%
Debt / equity 0.2x 1.2x 2.3x
Net debt / EBITDA 0.6x 2.9x 2.5x
Debt / FCF 1.2x 7.6x 5.0x
Liabilities / assets 55.6% 63.0% 81.1%
Equity / assets 44.4% 37.0% 18.9%
Interest coverage 6.1x 4.8x 6.8x
Current ratio 1.7x 0.7x 1.4x
Quick ratio 0.7x 0.5x 0.5x
Cash ratio 0.2x 0.0x 0.2x
Altman Z-score 3.19 3.15 4.31

Shareholder Returns

7 metrics
MetricOSKWCNCAT
Dividend yield 1.5% 0.7% 1.0%
Net buyback yield 3.8% 2.3% 2.6%
Shareholder yield 5.3% 3.1% 3.6%
Payout ratio (earnings) – 32.8% 25.9%
Payout ratio (FCF) – 28.2% 31.3%
Dividend growth (1Y) – 9.4% 4.2%
Dividend CAGR (3Y) – 10.9% 4.1%

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.

ConsensusOSKWCNCAT
Forward P/E 14.6xFY2026 34.8xFY2026 23.8xFY2026
EPS, next fiscal year $10.00FY2026 $5.40FY2026 $25.79FY2026
EPS growth, next FY -7.3%FY2026 +5.9%FY2026 +35.3%FY2026
EPS growth, the year after +46.4% +18.7% +31.4%
Revenue, next fiscal year $10.70BFY2026 $10.30BFY2026 $84.12BFY2026
Revenue growth, next FY +2.6%FY2026 +10.0%FY2026 +24.5%FY2026
Revenue growth, the year after +5.3% 0.0% +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersOSKWCNCAT
Held by institutions 100.0% 85.2% 72.3%
Institutions holding 600 831 4,060
Change in shares held, QoQ +5.1% +1.3% +0.5%
Institutions buying 310 412 1,890
Institutions selling 188 303 1,596
Buyers to sellers 1.65 1.36 1.18

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.

OSKWCNCAT
OSK 1.00 0.07 0.61
WCN 0.07 1.00 -0.19
CAT 0.61 -0.19 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, OSK, WCN and CAT?

Caterpillar (CAT) is the largest by market capitalisation: Oshkosh (OSK) $8.92B, Waste Connections (WCN) $47.43B, Caterpillar (CAT) $282.00B.

Which stock is cheaper, OSK, WCN and CAT?

Oshkosh (OSK) trades on the lowest price-to-earnings ratio (Oshkosh (OSK) 18.1x, Waste Connections (WCN) 45.0x, Caterpillar (CAT) 26.0x). On next year's consensus earnings, Oshkosh (OSK) is cheapest (Oshkosh (OSK) 14.6x, Waste Connections (WCN) 34.8x, Caterpillar (CAT) 23.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Caterpillar (CAT) grew revenue fastest over the trailing twelve months: Oshkosh (OSK) +4.2%, Waste Connections (WCN) +5.7%, Caterpillar (CAT) +18.4%.

Which company is more profitable?

Caterpillar (CAT) has the highest net margin (Oshkosh (OSK) 4.6%, Waste Connections (WCN) 10.9%, Caterpillar (CAT) 14.5%). On return on invested capital, Caterpillar (CAT) leads (Oshkosh (OSK) 10.2%, Waste Connections (WCN) 7.4%, Caterpillar (CAT) 15.9%).

Which stock has performed better?

Over the past year Oshkosh (OSK) returned the most: Oshkosh (OSK) +18.0%, Waste Connections (WCN) +12.2%, Caterpillar (CAT) +6.3%. Over five years, Caterpillar (CAT) compounded fastest (Oshkosh (OSK) +5.4%/yr, Waste Connections (WCN) +6.9%/yr, Caterpillar (CAT) +24.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Oshkosh (OSK) has the highest dividend yield: Oshkosh (OSK) 1.53%, Waste Connections (WCN) 0.74%, Caterpillar (CAT) 1.02%.

Which stock is riskier?

By one-year price volatility, Waste Connections (WCN) has been the steadiest (Oshkosh (OSK) 39.7%, Waste Connections (WCN) 25.6%, Caterpillar (CAT) 40.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, OSK, WCN and CAT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Oshkosh (OSK) 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.