OSK vs WM vs CMI Stock Comparison

Oshkosh, Waste Management and Cummins Prices as of Oct 28, 2026 Peers: Industry group
OSK Oshkosh Corp
$138.12 +3.9% 1M +0.4% 1Y
Market cap
$8.43B
P/E
15.2x
Revenue (TTM)
$10.61B
Div. yield
–
Heavy Equipment Industrials
4 wins
WM Waste Management Inc
$225.20 +9.1% 1M +10.3% 1Y
Market cap
$92.00B
P/E
30.0x
Revenue (TTM)
$26.07B
Div. yield
0.02%
Solid Waste Industrials
4 wins
CMI Cummins Inc
$531.67 +2.6% 1M +28.3% 1Y
Market cap
$71.22B
P/E
26.2x
Revenue (TTM)
$34.71B
Div. yield
–
Heavy Equipment Industrials
3 wins

Head to Head

11 decided of 12

Waste Management leads on 4 of the 12 questions below (Waste Management 4, Oshkosh 4, Cummins 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionOSKWMCMILeader
Larger companyMarket capitalisation $8.43B $92.00B $71.22B WM
Cheaper on earningsLower P/E, profitable companies only 15.2x 30.0x 26.2x OSK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.8x 26.0x 16.9x OSK
Faster revenue growthRevenue growth, trailing twelve months +2.2% +5.2% +2.9% WM
More profitableNet margin, trailing twelve months 5.2% 11.8% 7.8% WM
Better return on capitalReturn on invested capital 11.4% 11.4% 13.6% CMI
Less leveragedLower net debt / EBITDA 0.7x 3.0x 0.7x OSK
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months +0.4% +10.3% +28.3% CMI
Better 5-year returnAnnualised price return, 5 years +5.2%/yr +7.0%/yr +17.3%/yr CMI
Less volatileAnnualised volatility, 1 year 40.5% 21.4% 37.1% WM
Higher overall scoreMean of the five percentile scores vs peers 72/100 53/100 60/100 OSK

Percentile Scorecard

OSKWMCMI

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

AxisOSKWMCMI
Valuation 95 #12 of 203 53 #8 of 16 50 #103 of 203
Growth 60 #75 of 188 62 #6 of 14 54 #88 of 188
Profitability 62 #71 of 184 92 #2 of 14 71 #54 of 184
Financial Health 53 #103 of 217 7 #15 of 16 54 #100 of 217
Shareholder Returns 90 #17 of 153 – 71 #45 of 153
Overall 72 53 60
  • OSK ranked among 222 companies in Machinery
  • WM ranked among 16 companies in Waste Management
  • CMI ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodOSKWMCMISPY
1 month +3.9%+9.1%+2.6% +0.9%
3 months -3.4%-4.8%-12.3% +5.9%
6 months -6.3%-2.2%-16.8% +8.5%
Year to date +9.9%+2.5%+4.2% +13.3%
1 year +0.4%+10.3%+28.3% +12.4%
3 years +60.0%+39.5%+147.0% +88.1%
3 years, per year +17.0%+11.8%+35.2% +23.5%
5 years +29.1%+40.5%+121.7% +68.2%
5 years, per year +5.2%+7.0%+17.3% +11.0%
10 years +160.0%+252.0%+319.9% +263.4%
10 years, per year +10.0%+13.4%+15.4% +13.8%

Risk

MeasureOSKWMCMISPY
Volatility, 1Y 40.5%21.4%37.1% 12.7%
Downside volatility, 1Y 40.6%20.8%38.1% 12.7%
Beta vs S&P 500, 1Y 1.41-0.421.64 1.00
Return / volatility, 1Y 0.010.480.76 0.98
Max drawdown, 5Y -43.5%-18.7%-30.8% -25.4%
From 52-week high -22.4%-8.6%-26.9% -0.9%
52-week high $177.94$246.51$727.59 $779.14
52-week low $118.59$196.77$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.

MultipleOSKWMCMI
P/E now vs peer median 15.5xmedian 25.4x 29.3xmedian 31.3x 27.0xmedian 25.4x
P/S now vs peer median 0.8xmedian 1.9x 3.4xmedian 3.1x 2.1xmedian 1.9x
EV/EBITDA now vs peer median 8.9xmedian 14.3x 14.5xmedian 14.3x 15.3xmedian 14.3x
P/FCF now vs peer median 7.6xmedian 21.8x 23.9xmedian 16.9x 21.7xmedian 21.8x
P/B now vs peer median 1.9xmedian 2.2x 9.1xmedian 2.7x 5.3xmedian 2.2x
PEG now vs peer median 1.21median 1.41 2.79median 2.37 8.42median 1.41

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 monthsOSKWMCMI
Revenue $10.61B $26.07B $34.71B
Gross profit $1.69B $10.53B $8.79B
Operating income $797.60M $4.80B $3.89B
Net income $556.30M $3.07B $2.83B
Free cash flow $1.12B $3.74B $3.37B
R&D – – $1.44B
EPS (diluted) $8.87 $7.68 $19.60
Cash & equivalents $403.60M $247.00M $3.18B
Total debt $1.10B $23.37B $7.35B
Shares (diluted) 62.75M 399.80M 138.50M
Enterprise value $7.09B $90.84B $67.30B

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
MetricOSKWMCMI
P/E 15.5x 29.3x 27.0x
P/FCF 7.6x 23.9x 21.7x
P/Operating cash flow 6.6x 13.6x 15.8x
P/S 0.8x 3.4x 2.1x
P/B 1.9x 9.1x 5.3x
P/Tangible book 2.2x 14.2x 6.2x
EV/EBITDA 8.9x 14.5x 15.3x
EV/EBIT 11.6x 23.5x 19.7x
EV/Revenue 0.9x 4.3x 2.2x
EV/FCF 8.2x 30.1x 22.8x
EV/Operating cash flow 7.1x 17.2x 16.5x
PEG (3Y EPS CAGR) 1.21 2.79 8.42

Growth

14 metrics
MetricOSKWMCMI
Revenue growth (1Y) 2.2% 5.2% 2.9%
Revenue CAGR (3Y) 5.8% 9.0% 2.5%
Gross profit growth (1Y) -10.2% -21.0% 1.7%
Gross profit CAGR (3Y) 7.4% 11.5% 4.8%
Operating income growth (1Y) -16.7% 17.9% -6.0%
Operating income CAGR (3Y) 8.2% 10.5% 4.1%
Net income growth (1Y) -14.5% 19.7% -7.8%
Net income CAGR (3Y) 11.1% 10.0% 2.9%
EPS growth (1Y) -11.7% 21.1% -7.7%
EPS CAGR (3Y) 12.8% 10.5% 3.2%
Operating cash flow growth (1Y) 60.6% 12.1% 63.4%
Operating cash flow CAGR (3Y) 57.0% 14.4% 28.8%
Free cash flow growth (1Y) 99.4% 55.7% 103.8%
Free cash flow CAGR (3Y) 49.8% 30.8% 45.3%

Profitability

14 metrics
MetricOSKWMCMI
Gross margin 15.9% 40.4% 25.3%
EBITDA margin 9.8% 29.8% 14.4%
Operating margin 7.5% 18.4% 11.2%
Pretax margin 6.5% 14.9% 11.1%
Net margin 5.2% 11.8% 7.8%
FCF margin 10.6% 14.3% 9.7%
Operating cash flow margin 12.3% 25.2% 13.4%
Return on equity 12.4% 31.0% 20.7%
Return on assets 5.6% 6.6% 8.1%
Return on invested capital 11.4% 11.4% 13.6%
Return on capital employed 11.5% 12.0% 16.0%
Asset turnover 1.1x 0.6x 1.0x
Cash conversion (OCF / net income) 2.3x 2.1x 1.6x
Stock comp / revenue 0.4% 0.7% –

Financial Health

11 metrics
MetricOSKWMCMI
Debt / assets 11.0% 50.2% 20.6%
Debt / equity 0.2x 2.4x 0.5x
Net debt / EBITDA 0.7x 3.0x 0.7x
Debt / FCF 1.0x 6.2x 2.2x
Liabilities / assets 55.0% 78.8% 61.0%
Equity / assets 45.0% 21.2% 39.0%
Interest coverage 6.6x – 12.1x
Current ratio 1.7x 0.8x 1.7x
Quick ratio 0.7x 0.7x 1.0x
Cash ratio 0.1x 0.0x 0.4x
Altman Z-score 3.21 2.89 4.55

Shareholder Returns

7 metrics
MetricOSKWMCMI
Dividend yield 1.6% 1.6% 1.5%
Net buyback yield 4.1% 1.7% 0.6%
Shareholder yield 5.7% 3.3% 2.2%
Payout ratio (earnings) – 48.0% –
Payout ratio (FCF) – 39.4% –
Dividend growth (1Y) – 13.2% –
Dividend CAGR (3Y) – 9.6% –

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.

ConsensusOSKWMCMI
Forward P/E 13.8xFY2026 26.0xFY2026 16.9xFY2026
EPS, next fiscal year $10.00FY2026 $8.65FY2026 $31.39FY2026
EPS growth, next FY -7.3%FY2026 +15.3%FY2026 +31.9%FY2026
EPS growth, the year after +46.4% +9.5% +14.7%
Revenue, next fiscal year $10.70BFY2026 $25.84BFY2026 $35.38BFY2026
Revenue growth, next FY +2.6%FY2026 +2.6%FY2026 +5.1%FY2026
Revenue growth, the year after +5.3% +12.0% +11.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersOSKWMCMI
Held by institutions 100.0% 82.3% 85.4%
Institutions holding 598 2,349 2,106
Change in shares held, QoQ +5.1% +0.8% +1.0%
Institutions buying 309 1,095 1,049
Institutions selling 188 901 728
Buyers to sellers 1.64 1.22 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.

OSKWMCMI
OSK 1.00 0.02 0.55
WM 0.02 1.00 -0.20
CMI 0.55 -0.20 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, OSK, WM and CMI?

Waste Management (WM) is the largest by market capitalisation: Oshkosh (OSK) $8.43B, Waste Management (WM) $92.00B, Cummins (CMI) $71.22B.

Which stock is cheaper, OSK, WM and CMI?

Oshkosh (OSK) trades on the lowest price-to-earnings ratio (Oshkosh (OSK) 15.2x, Waste Management (WM) 30.0x, Cummins (CMI) 26.2x). On next year's consensus earnings, Oshkosh (OSK) is cheapest (Oshkosh (OSK) 13.8x, Waste Management (WM) 26.0x, 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?

Waste Management (WM) grew revenue fastest over the trailing twelve months: Oshkosh (OSK) +2.2%, Waste Management (WM) +5.2%, Cummins (CMI) +2.9%.

Which company is more profitable?

Waste Management (WM) has the highest net margin (Oshkosh (OSK) 5.2%, Waste Management (WM) 11.8%, Cummins (CMI) 7.8%). On return on invested capital, Cummins (CMI) leads (Oshkosh (OSK) 11.4%, Waste Management (WM) 11.4%, Cummins (CMI) 13.6%).

Which stock has performed better?

Over the past year Cummins (CMI) returned the most: Oshkosh (OSK) +0.4%, Waste Management (WM) +10.3%, Cummins (CMI) +28.3%. Over five years, Cummins (CMI) compounded fastest (Oshkosh (OSK) +5.2%/yr, Waste Management (WM) +7.0%/yr, Cummins (CMI) +17.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Oshkosh (OSK) 0.00%, Waste Management (WM) 0.02%, Cummins (CMI) 0.00%. Oshkosh (OSK) and Cummins (CMI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Waste Management (WM) has been the steadiest (Oshkosh (OSK) 40.5%, Waste Management (WM) 21.4%, Cummins (CMI) 37.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, OSK, WM 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, Waste Management (WM) leads on 4. 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.