Oshkosh reported $11.8B of remaining performance obligations at 30 Sep 2026, down 5% from a year earlier and down 4% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.82.
Net new backlog added in the latest quarter: -$500M.
Over the last twelve months it turned about 87% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 19.8% of the backlog.
Twelve-month book-to-bill: 0.94, i.e. 0.94 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -9 points — revenue is catching up with orders.
By backlog size it ranks 66th among US filers the cockpit tracks.
Oshkosh backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$11.8B
$10.8B
1.1 yrs
$2.34B
30 Jun 2026
$12.3B
$10.6B
1.2 yrs
$2.29B
31 Mar 2026
$12.2B
$10.4B
1.2 yrs
$2.23B
31 Dec 2025
$12.4B
$10.4B
1.2 yrs
$2.18B
30 Sep 2025
$12.4B
$10.3B
1.2 yrs
$2.02B
30 Jun 2025
$12.5B
$10.4B
1.2 yrs
$1.94B
31 Mar 2025
$12.3B
$10.5B
1.2 yrs
$1.95B
31 Dec 2024
$12.1B
$10.7B
1.1 yrs
$1.99B
30 Sep 2024
$11.3B
$10.6B
1.1 yrs
$2.01B
30 Jun 2024
$11.3B
$10.4B
1.1 yrs
$2.01B
31 Mar 2024
$11.2B
$9.93B
1.1 yrs
$2.04B
31 Dec 2023
$11.3B
$9.66B
1.2 yrs
$2.06B
Questions
What is Oshkosh's backlog?
Oshkosh reported $11.8B of remaining performance obligations at 30 Sep 2026, down 5% from a year earlier and down 4% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.82.
How fast does Oshkosh's backlog turn into revenue?
Over the last twelve months Oshkosh recognised revenue equal to about 87% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.