OSK vs. NOC
OSK (Oshkosh Corporation) and NOC (Northrop Grumman Corporation) are both stocks. Both are in the Industrials sector — OSK in Farm & Heavy Construction Machinery, NOC in Aerospace & Defense. Over the past 10 years, OSK returned 12.36%/yr vs 11.39%/yr for NOC. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
OSK vs. NOC - Performance Comparison
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Returns By Period
In the year-to-date period, OSK achieves a 19.02% return, which is significantly higher than NOC's -3.08% return. Over the past 10 years, OSK has outperformed NOC with an annualized return of 12.36%, while NOC has yielded a comparatively lower 11.39% annualized return.
OSK
- 1D
- 4.18%
- 1M
- 3.97%
- 6M
- 0.03%
- YTD
- 19.02%
- 1Y
- 15.43%
- 3Y*
- 14.32%
- 5Y*
- 7.11%
- 10Y*
- 12.36%
- ALL TIME*
- 15.25%
NOC
- 1D
- 1.10%
- 1M
- -0.10%
- 6M
- -19.32%
- YTD
- -3.08%
- 1Y
- -5.01%
- 3Y*
- 9.54%
- 5Y*
- 10.73%
- 10Y*
- 11.39%
- ALL TIME*
- 12.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $528.65M | $493.94M | $523.20M | |
| $177.75M | $136.65M | $120.07M |
OSK vs. NOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSK Oshkosh Corporation | 19.02% | 34.49% | -10.83% | 25.23% | -20.49% | 32.52% | -7.53% | 56.59% | -31.62% | 42.35% |
NOC Northrop Grumman Corporation | -3.08% | 23.61% | 1.93% | -12.79% | 43.02% | 29.29% | -9.92% | 42.69% | -18.95% | 33.88% |
Correlation
The correlation between OSK and NOC is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.21 |
The correlation between OSK and NOC shifts across timeframes, from 0.14 (3 years) to 0.28 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
OSK:
$9.25B
NOC:
$77.92B
OSK:
$0.45
NOC:
$31.48
OSK:
331.73
NOC:
17.42
OSK:
6.93
NOC:
2.57
OSK:
17.39
NOC:
1.83
OSK:
128.70
NOC:
4.37
OSK:
$10.61B
NOC:
$42.89B
OSK:
$894.60M
NOC:
$8.60B
OSK:
$811.60M
NOC:
$6.84B
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Return for Risk
OSK vs. NOC — Risk / Return Rank
OSK
NOC
OSK vs. NOC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oshkosh Corporation (OSK) and Northrop Grumman Corporation (NOC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OSK | NOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.99 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | -0.14 | +0.61 |
| Martin ratioReturn relative to average drawdown | 1.09 | -0.30 | +1.39 |
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Drawdowns
OSK vs. NOC - Drawdown Comparison
The maximum OSK drawdown since its inception was -93.84%, which is greater than NOC's maximum drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for OSK and NOC.
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Drawdown Indicators
| OSK | NOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.84% | -71.12% | -22.72% |
Max Drawdown (1Y)Largest decline over 1 year | -33.06% | -35.13% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -36.66% | -35.13% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -42.88% | -35.13% | -7.75% |
Max Drawdown (10Y)Largest decline over 10 years | -48.68% | -36.38% | -12.30% |
Current DrawdownCurrent decline from peak | -16.25% | -28.27% | +12.02% |
Average DrawdownAverage peak-to-trough decline | -23.19% | -18.44% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.15% | 16.65% | -2.50% |
Volatility
OSK vs. NOC - Volatility Comparison
Oshkosh Corporation (OSK) has a higher volatility of 10.50% compared to Northrop Grumman Corporation (NOC) at 6.83%. This indicates that OSK's price experiences larger fluctuations and is considered to be riskier than NOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OSK | NOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.50% | 6.83% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 31.62% | 20.73% | +10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.10% | 26.16% | +13.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.59% | 25.68% | +8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.27% | 25.66% | +9.61% |
Dividends
OSK vs. NOC - Dividend Comparison
OSK's dividend yield for the trailing twelve months is around 1.46%, less than NOC's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOC Northrop Grumman Corporation | 1.71% | 1.58% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% |
OSK Oshkosh Corporation | 1.46% | 1.62% | 1.94% | 1.51% | 1.68% | 1.21% | 1.43% | 1.17% | 1.61% | 0.96% | 1.21% | 1.74% |
Financials
OSK vs. NOC - Financials Comparison
This section allows you to compare key financial metrics between Oshkosh Corporation and Northrop Grumman Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
OSK vs. NOC - Profitability Comparison
OSK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Oshkosh Corporation reported a gross profit of -297.60M and revenue of 2.92B. Therefore, the gross margin over that period was -10.2%.
NOC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Northrop Grumman Corporation reported a gross profit of 2.12B and revenue of 10.88B. Therefore, the gross margin over that period was 19.5%.
OSK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Oshkosh Corporation reported an operating income of 243.20M and revenue of 2.92B, resulting in an operating margin of 8.3%.
NOC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Northrop Grumman Corporation reported an operating income of 1.10B and revenue of 10.88B, resulting in an operating margin of 10.1%.
OSK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Oshkosh Corporation reported a net income of 183.20M and revenue of 2.92B, resulting in a net margin of 6.3%.
NOC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Northrop Grumman Corporation reported a net income of 1.09B and revenue of 10.88B, resulting in a net margin of 10.1%.
Frequently Asked Questions
OSK and NOC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OSK has higher volatility (10.50%) compared to NOC (6.83%). In terms of maximum drawdown, OSK dropped -93.84% vs NOC's -71.12%.
OSK currently has the higher Sharpe Ratio (0.39 vs -0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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