Otis Worldwide Corporation (OTIS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.01	$1.01	0.0%	—	$3.9B	—
Q3 25	$1	$1.05	+5.0%	—	$3.7B	—
Q2 25	$1.03	$1.05	+1.9%	—	$3.6B	—
Q1 25	$0.91	$0.92	+1.1%	—	$3.4B	—
Q4 24	$0.96	$0.93	-3.1%	—	$3.7B	—
Q3 24	$0.97	$0.96	-1.0%	—	$3.5B	—
Q2 24	$1.03	$1.06	+2.9%	—	$3.6B	—
Q1 24	$0.86	$0.88	+2.3%	—	$3.4B	—
Q4 23	$0.86	$0.87	+1.2%	—	$3.6B	—
Q3 23	$0.88	$0.95	+8.0%	—	$3.5B	—
Q2 23	$0.86	$0.92	+7.0%	—	$3.7B	—
Q1 23	$0.75	$0.8	+6.7%	—	$3.3B	—
Q4 22	$0.75	$0.75	0.0%	—	$3.4B	—
Q3 22	$0.78	$0.8	+2.6%	—	$3.3B	—
Q2 22	$0.79	$0.86	+8.9%	—	$3.5B	—
Q1 22	$0.74	$0.77	+4.1%	—	$3.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.52	—	—	$14.4B	—
FY24	—	$4.1	—	—	$14.3B	—
FY23	—	$3.42	—	—	$14.2B	—
FY22	—	$2.98	—	—	$13.7B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$12.3B	$12.9B	$13.1B	$12.8B	$14.3B	$13.7B	$14.2B	$14.3B	$14.4B
YoY change	—	+4.8%	+1.57%	-2.76%	+12.1%	-4.29%	+3.83%	+0.37%	+1.19%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	12.3B	12.9B	13.1B	12.8B	14.3B	13.7B	14.2B	14.3B	14.4B
Cost of revenue	8.6B	9.2B	9.3B	9B	10.1B	9.8B	10B	10B	10.1B
Gross profit	3.7B	3.7B	3.8B	3.8B	4.2B	3.9B	4.2B	4.3B	4.4B
Gross margin	30%	28.9%	29.2%	29.6%	29.3%	28.6%	29.5%	29.9%	30.3%
Research & development	175M	181M	163M	152M	159M	150M	144M	152M	152M
Selling, general & administrative	1.6B	1.7B	1.8B	1.9B	1.9B	1.8B	1.9B	1.8B	1.9B
Operating expenses	1.8B	1.9B	2B	2.1B	2.1B	1.9B	2B	2.2B	2.2B
Operating income	1.9B	1.8B	1.8B	1.6B	2.1B	2B	2.2B	2.1B	2.2B
Operating margin	15.5%	14.2%	13.8%	12.8%	14.7%	14.9%	15.4%	14.4%	15.4%
Non-operating income, net	20M	44M	33M	-6M	-11M	-2M	-5M	-43M	-89M
Pretax income	2B	1.9B	1.9B	1.5B	2B	1.9B	2B	2B	1.9B
Income tax	1.1B	683M	594M	455M	541M	519M	533M	305M	479M
Net income	809M	1.2B	1.3B	1.1B	1.4B	1.4B	1.5B	1.7B	1.5B
Net margin	6.56%	9.37%	9.66%	8.28%	9.93%	10%	10.5%	12.2%	10.1%
EBITDA	2.2B	2B	2B	1.8B	2.3B	2.2B	2.4B	2.3B	2.5B
EPS	1.47	2.42	2.58	2.09	2.91	2.98	3.42	4.1	3.52
Diluted EPS	1.46	2.42	2.58	2.08	2.89	2.96	3.39	4.07	3.5

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.5B	3.6B	3.4B	3.6B	3.5B	3.7B	3.4B	3.6B	3.7B	3.8B	3.6B	3.9B
Cost of revenue	2.5B	2.6B	2.4B	2.5B	2.5B	2.6B	2.3B	2.5B	2.6B	2.6B	2.5B	2.7B
Gross profit	1B	1.1B	1B	1.1B	1.1B	1.1B	1B	1.1B	1.1B	1.1B	1.1B	1.1B
Gross margin	29.7%	29.5%	29.9%	30%	30.4%	29.2%	29.9%	30.3%	30.7%	30.2%	30.3%	29.4%
Research & development	36M	37M	36M	39M	40M	37M	37M	38M	36M	41M	38M	39M
Selling, general & administrative	452M	498M	462M	449M	455M	452M	464M	499M	504M	426M	510M	520M
Operating expenses	475M	546M	484M	509M	715M	498M	590M	542M	547M	472M	543M	561M
Operating income	571M	522M	544M	570M	363M	574M	411M	547M	586M	675M	539M	575M
Operating margin	16.2%	14.4%	15.8%	15.8%	10.2%	15.6%	12.3%	15.2%	15.9%	17.8%	15.1%	14.9%
Non-operating income, net	—	-4M	—	1M	-1M	—	—	—	-4M	-85M	—	-2M
Pretax income	532M	477M	500M	544M	512M	483M	366M	521M	521M	526M	480M	547M
Income tax	137M	133M	126M	94M	-45M	130M	110M	98M	129M	142M	127M	98M
Net income	395M	344M	374M	450M	557M	353M	256M	423M	392M	384M	353M	449M
Net margin	11.2%	9.5%	10.9%	12.5%	15.7%	9.61%	7.64%	11.8%	10.6%	10.1%	9.9%	11.6%
EBITDA	617M	570M	588M	611M	411M	622M	453M	591M	630M	720M	580M	617M
EPS	0.92	0.79	0.87	1.03	1.35	0.85	0.61	1	0.96	0.96	0.88	1.12
Diluted EPS	0.91	0.79	0.86	1.02	1.34	0.84	0.61	0.99	0.95	0.95	0.87	1.12

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	29.3B	37.2B	32.9B	36.8B	37.2B	34.3B	25.2B
Enterprise value	—	—	—	34B	43.5B	38.9B	42.8B	43.6B	41.7B	33.6B
Shares outstanding	433.1M	433.1M	433.1M	433.2M	427.7M	420M	411.4M	401.7M	392.8M	392.8M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	27.7	26.2	24	24.6	21.5	23.6	17
P/S	—	—	—	2.29	2.6	2.4	2.59	2.61	2.38	1.69
P/B	—	—	—	-9.14	-12.5	-7.05	-7.8	-7.87	-6.51	-4.66
EV/EBITDA	—	—	—	18.6	18.8	17.5	18	19.2	16.8	12.7
EV/Sales	—	—	—	2.66	3.04	2.84	3.02	3.06	2.89	2.25
Earnings yield	—	—	—	3.61%	3.81%	4.16%	4.07%	4.66%	4.24%	5.89%
FCF yield	—	—	—	4.43%	4.28%	4.39%	4.05%	3.86%	4.21%	5.69%
PEG	—	—	—	—	—	—	—	—	—	1.41

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	30%	28.9%	29.2%	29.6%	29.3%	28.6%	29.5%	29.9%	30.3%	29.4%
Operating margin	15.5%	14.2%	13.8%	12.8%	14.7%	14.9%	15.4%	14.4%	15.4%	15.1%
Net margin	6.56%	9.37%	9.66%	8.28%	9.93%	10%	10.5%	12.2%	10.1%	10.2%
ROE	—	54.6%	54.5%	-33%	-47.6%	-29.4%	-31.7%	-36.7%	-27.6%	-26.3%
ROA	—	13.2%	13.1%	9.86%	11.6%	13.9%	14.8%	15.3%	13.7%	14.2%
ROIC	—	128.5%	85.5%	75.7%	47.1%	108.6%	122.8%	101.8%	77.9%	70.1%
Return on tangible assets	—	26.2%	23.4%	17%	17.5%	23%	23.9%	22.8%	22.1%	23.2%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	1.06	1.05	0.97	1.32	0.9	0.99	0.99	0.85	0.83
Quick ratio	—	0.94	0.95	0.87	1.22	0.81	0.89	0.92	0.77	0.75
Debt / equity	—	0.01	0.24	-2.03	-2.61	-1.55	-1.55	-1.85	-1.61	-0.02
Debt / assets	—	0	0.06	0.61	0.63	0.73	0.72	0.77	0.8	0.79
Net debt / EBITDA	—	-0.64	-0.44	2.58	2.69	2.71	2.54	2.83	2.99	3.15
Interest coverage	49.9	49.6	46.5	—	—	—	—	—	—	—
Effective tax rate	58.7%	36.1%	31.9%	30.1%	27.6%	27.5%	26.2%	15%	24.8%	23.9%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	28.5	29.8	30.3	29.4	33.4	32.6	34.5	35.5	36.7	38.4
EPS (basic)	1.47	2.42	2.58	2.09	2.91	2.98	3.42	4.1	3.52	3.52
EPS (diluted)	1.46	2.42	2.58	2.08	2.89	2.96	3.39	4.07	3.5	3.91
Book value per share	—	5.11	5.37	-7.39	-6.98	-11.1	-11.5	-11.8	-13.4	-15.1
FCF per share	3.04	3.18	3.06	2.99	3.73	3.44	3.62	3.58	3.68	4.46
Cash per share	—	3.07	3.34	4.11	3.66	2.83	3.1	5.73	2.79	2.14
Capex per share	—	—	—	—	—	—	—	—	0.39	0.41

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	1.05%	1.07%
Capex / operating cash flow	—	—	—	—	—	—	—	—	9.52%	8.5%
Payout ratio	—	0%	0%	24.6%	27.7%	34%	36%	34.9%	44.5%	43.7%
Dividend yield	—	—	—	0.89%	1.06%	1.41%	1.46%	1.63%	1.89%	2.65%

Yield

2.65%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.44

ex-dividend Aug 14, 2026

Payout ratio

44%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.44
May 15, 2026	$0.44
Feb 13, 2026	$0.42
Nov 14, 2025	$0.42
Aug 15, 2025	$0.42
May 16, 2025	$0.42
Feb 14, 2025	$0.39
Nov 15, 2024	$0.39

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.5B	$3.6B	$3.4B	$3.6B	$3.5B	$3.7B	$3.4B	$3.6B	$3.7B	$3.8B	$3.6B	$3.9B
YoY change	+5.35%	+5.26%	+2.72%	-3.2%	+0.71%	+1.52%	-2.53%	-0.17%	+4%	+3.29%	+6.45%	+7.34%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.3B	1.4B	1.8B	1.6B	1.2B	1.3B	2.3B	1.1B
Receivables	2.6B	2.9B	3B	3.1B	3.2B	3.4B	3.3B	3.7B
Inventory	637M	571M	659M	622M	617M	612M	557M	613M
Total current assets	5.6B	5.7B	6.5B	8.3B	6.1B	6.4B	7.7B	6.5B
Property, plant & equipment	98M	682M	700M	704M	630M	600M	607M	799M
Goodwill & intangibles	4.5B	4.3B	4.5B	4.2B	3.9B	3.8B	3.7B	4.1B
Total assets	9.1B	9.7B	10.7B	12.3B	9.8B	10.1B	11.3B	10.7B
Accounts payable	1.4B	1.3B	1.5B	1.6B	1.7B	1.9B	1.9B	2.1B
Short-term debt	27M	174M	868M	205M	797M	149M	1.5B	1.2B
Total current liabilities	5.3B	5.4B	6.7B	6.2B	6.8B	6.5B	7.7B	7.7B
Long-term debt	0	391M	5.6B	7.6B	6.4B	7.2B	7.3B	7.3B
Total liabilities	6.9B	7.4B	13.9B	15.3B	14.5B	14.8B	16B	15.9B
Shareholders' equity	2.2B	2.3B	-3.2B	-3B	-4.7B	-4.7B	-4.7B	-5.3B
Total debt	27M	565M	6.5B	7.8B	7.2B	7.3B	8.7B	8.5B
Net debt	-1.3B	-881M	4.7B	6.2B	6B	6B	6.4B	7.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.6B	1.3B	884M	942M	827M	2.3B	1.9B	688M	840M	1.1B	834M	813M
Receivables	3.3B	3.4B	3.5B	3.4B	3.4B	3.3B	3.6B	3.7B	3.8B	3.7B	3.9B	4B
Inventory	624M	612M	593M	605M	625M	557M	586M	602M	640M	613M	669M	686M
Total current assets	6.7B	6.4B	6.1B	6.2B	6.5B	7.7B	7.4B	6.4B	6.6B	6.5B	6.5B	6.8B
Property, plant & equipment	1.1B	600M	1.1B	1.1B	1.1B	607M	1.2B	1.3B	1.3B	799M	1.3B	1.3B
Goodwill & intangibles	3.8B	3.8B	3.8B	3.8B	3.9B	3.7B	3.8B	4.1B	4.1B	4.1B	4B	4.4B
Total assets	10.4B	10.1B	9.8B	9.9B	10.3B	11.3B	11.2B	10.5B	10.8B	10.7B	10.5B	11.2B
Accounts payable	1.7B	1.9B	1.6B	1.7B	1.8B	1.9B	1.6B	1.7B	1.8B	2.1B	2B	2.1B
Short-term debt	585M	149M	35M	1.7B	1.7B	1.5B	1.5B	675M	492M	1.2B	939M	1.4B
Total current liabilities	6.7B	6.5B	6.3B	7.9B	8.1B	7.7B	7.9B	7.2B	7.1B	7.7B	7.7B	8.2B
Long-term debt	7.1B	7.2B	7.1B	5.8B	5.9B	7.3B	7.2B	7.4B	8B	7.3B	7.3B	7.5B
Total liabilities	15B	14.8B	14.6B	14.7B	15B	16B	16.2B	15.7B	16.1B	15.9B	16B	16.6B
Shareholders' equity	-4.6B	-4.7B	-4.8B	-4.9B	-4.8B	-4.7B	-5B	-5.2B	-5.3B	-5.3B	-5.4B	-5.5B
Total debt	7.7B	7.3B	7.2B	7.5B	7.5B	8.7B	8.7B	8.1B	8.5B	8.5B	8.2B	8.8B
Net debt	6.1B	6B	6.3B	6.5B	6.7B	6.4B	6.8B	7.4B	7.6B	7.4B	7.4B	8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	809M	1.2B	1.3B	1.1B	1.4B	1.4B	1.5B	1.7B	1.5B
Depreciation & amortization	177M	190M	180M	191M	203M	191M	193M	181M	175M
Stock-based compensation	29M	38M	37M	63M	65M	67M	64M	73M	80M
Change in working capital	-143M	-50M	2M	91M	88M	-12M	-64M	-379M	199M
Operating cash flow	1.3B	1.5B	1.5B	1.4B	1.7B	1.6B	1.6B	1.5B	1.6B
Capital expenditure	—	—	—	—	—	—	—	—	-152M
Investing cash flow	-53M	-29M	-58M	-170M	67M	24M	-21M	-78M	-262M
Dividends paid	—	0	0	-260M	-393M	-465M	-539M	-606M	-647M
Share repurchases	—	—	0	0	-725M	-850M	-800M	-1B	-809M
Financing cash flow	-1.4B	-1.5B	-1.1B	-844M	58M	-3.7B	-1.4B	-309M	-2.4B
Net change in cash	-156M	-18M	286M	409M	1.8B	-2B	223M	1.1B	-1.1B
Free cash flow	1.3B	1.4B	1.3B	1.3B	1.6B	1.4B	1.5B	1.4B	1.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	395M	344M	374M	450M	557M	353M	256M	423M	392M	384M	353M	449M
Depreciation & amortization	46M	48M	44M	41M	48M	48M	42M	44M	44M	45M	41M	42M
Stock-based compensation	15M	15M	16M	20M	16M	21M	21M	23M	19M	17M	19M	20M
Change in working capital	-127M	129M	-119M	-144M	-309M	193M	-145M	-148M	-51M	543M	106M	-182M
Operating cash flow	287M	498M	313M	293M	265M	607M	178M	204M	374M	817M	413M	267M
Capital expenditure	—	—	—	—	—	—	—	—	-37M	-45M	-33M	-44M
Investing cash flow	3M	-8M	-27M	-11M	-29M	-11M	-34M	-50M	-46M	-62M	-34M	-233M
Dividends paid	-139M	-139M	-138M	-157M	-155M	-156M	-155M	-164M	-164M	-164M	-163M	-167M
Share repurchases	-225M	-225M	-300M	-300M	-200M	-207M	-253M	-308M	-248M	0	-400M	-407M
Financing cash flow	-580M	-932M	-467M	-212M	-423M	793M	-428M	-1.3B	-168M	-531M	-694M	-627M
Net change in cash	-290M	-442M	-181M	70M	-187M	1.4B	-284M	-1.1B	160M	224M	-315M	-593M
Free cash flow	272M	555M	140M	284M	362M	651M	156M	179M	337M	772M	380M	223M

Otis Worldwide Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement