Otis Worldwide Corporation

OTIS

IndustrialsLarge CapUS Equities · NYSE / NASDAQ

AI Agents

Company Profile

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

Valuation

Market Cap$26.8B

Current Price$72.04as of Jun 23, 2026

P/E Ratio19.37

P/B Ratio-4.97

EV / EBITDA14.29

EV / Sales2.37

Profitability

Operating Margin15.4%

Net Profit Margin9.6%

EBITDA Margin16.6%

Returns

ROE-25.7%

ROCE74.0%

ROIC %-

ROA13.0%

Solvency

Current Ratio0.85

Debt / Equity-1.58

Debt / Assets0.80

CFO / Net Profit1.15

Price History▼ 24.95% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$14.4B▲ 1.2%

EBITDA$2.4B▲ 7.3%

Net Profit$1.4B▼ 15.9%

Cash from Ops (CFO)$1.6B▲ 2.1%

Free Cash Flow (FCF)$1.4B▲ 0.5%

Revenue CAGR 3Y1.8%

Revenue CAGR 5Y-

Net Profit CAGR 3Y3.4%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$14.4B	$2.4B	$1.4B	$1.4B	-25.7%	1.2%	-15.9%
2024	$14.3B	$2.2B	$1.6B	$1.4B	-33.9%	0.4%	17.0%
2023	$14.2B	$2.4B	$1.4B	$1.5B	-28.6%	3.8%	12.2%
2022	$13.7B	$2.3B	$1.3B	$1.4B	-25.7%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	13,685	14,209	14,261	14,431
Operating Revenue	-	13,685	14,209	14,261	14,431
Cost Of Revenue	-	9,765	10,016	10,004	10,061
Gross Profit	-	3,920	4,193	4,257	4,370
Operating Expense	-	1,849	1,946	2,206	2,151
Research And Development	-	150	144	152	152
Selling General And Administration	-	1,725	1,823	1,818	1,893
Total Expenses	-	11,614	11,962	12,210	12,212
Operating Income	-	2,071	2,247	2,051	2,219
Total Operating Income As Reported	-	2,033	2,186	2,008	2,133
EBITDA	-	2,262	2,440	2,232	2,394
Normalized EBITDA	-	2,300	2,501	2,275	2,480
EBIT	-	2,071	2,247	2,051	2,219
Net Interest Income	-	-143	-150	31	-196
Other Non Operating Income Expenses	-11	-2	-5	-	-3
Other Income Expense	-	-40	-66	-43	-89
Net Non Operating Interest Income Expense	-	-143	-150	31	-196
Pretax Income	-	1,888	2,031	2,039	1,934
Tax Provision	-	519	533	305	479
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-10.45	-15.98	-6.43	-21.30
Net Income Continuous Operations	-	1,369	1,498	1,734	1,455
Net Income From Continuing And Discontinued Operation	-	1,253	1,406	1,645	1,384
Net Income From Continuing Operation Net Minority Interest	-	1,253	1,406	1,645	1,384
Net Income	-	1,253	1,406	1,645	1,384
Net Income Common Stockholders	-	1,253	1,406	1,645	1,384
Net Income Including Noncontrolling Interests	-	1,369	1,498	1,734	1,455
Normalized Income	-	1,280.55	1,451.02	1,681.57	1,448.70
Diluted NI Availto Com Stockholders	-	1,253	1,406	1,645	1,384
Basic Average Shares	-	420	411.40	401.70	392.80
Diluted Average Shares	-	423	414.60	404.40	394.90
Reconciled Depreciation	-	191	193	181	175
Reconciled Cost Of Revenue	-	9,765	10,016	10,004	10,061
Total Unusual Items	-	-38	-61	-43	-86
Total Unusual Items Excluding Goodwill	-	-38	-61	-43	-86
Minority Interests	-	-116	-92	-89	-71
Special Income Charges	-	-38	-61	-43	-86
Restructuring And Mergern Acquisition	-	38	61	43	86
Total Other Finance Cost	-	143	150	-31	196
Other Operating Expenses	-	-26	-21	236	106

Peer Comparison

Industrials sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Otis Worldwide Corporationthis co.	OTIS	$26.8B	19.37↓ discount	-4.97	-25.7%	14.29
Dover Corporation	DOV	$28.7B	26.28	3.88	14.8%	16.44
Copart, Inc.	CPRT	$28.5B	18.35	3.10	16.9%	13.48
Ingersoll Rand Inc.	IR	$28.2B	48.47	2.79	5.8%	18.75
J.B. Hunt Transport Services, Inc.	JBHT	$26.7B

Learn while you research

Hand-picked academy chapters to deepen your understanding of Otis Worldwide Corporation and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Business Cycles & Stocks

Loading…

Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$14.4B

$2.4B

$1.4B

-25.7%

1.2%

-15.9%

2024

$14.3B

$2.2B

$1.6B

$1.4B

-33.9%

0.4%

17.0%

2023

$14.2B

$2.4B

$1.4B

$1.5B

-28.6%

3.8%

12.2%

2022

$13.7B

$2.3B

$1.3B

$1.4B

-25.7%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

13,685

14,209

14,261

14,431

Operating Revenue

13,685

14,209

14,261

14,431

Cost Of Revenue

9,765

10,016

10,004

10,061

Gross Profit

3,920

4,193

4,257

4,370

Operating Expense

1,849

1,946

2,206

2,151

Research And Development

150

144

152

Selling General And Administration

1,725

1,823

1,818

1,893

Total Expenses

11,614

11,962

12,210

12,212

Operating Income

2,071

2,247

2,051

2,219

Total Operating Income As Reported

2,033

2,186

2,008

2,133

EBITDA

2,262

2,440

2,232

2,394

Normalized EBITDA

2,300

2,501

2,275

2,480

EBIT

2,071

2,247

2,051

2,219

Net Interest Income

-143

-150

-196

Other Non Operating Income Expenses

-11

-2

-5

-3

Other Income Expense

-40

-66

-43

-89

Net Non Operating Interest Income Expense

-143

-150

-196

Pretax Income

1,888

2,031

2,039

1,934

Tax Provision

519

533

305

479

Tax Rate For Calcs

Tax Effect Of Unusual Items

-10.45

-15.98

-6.43

-21.30

Net Income Continuous Operations

1,369

1,498

1,734

1,455

Net Income From Continuing And Discontinued Operation

1,253

1,406

1,645

1,384

Net Income From Continuing Operation Net Minority Interest

1,253

1,406

1,645

1,384

Net Income

1,253

1,406

1,645

1,384

Net Income Common Stockholders

1,253

1,406

1,645

1,384

Net Income Including Noncontrolling Interests

1,369

1,498

1,734

1,455

Normalized Income

1,280.55

1,451.02

1,681.57

1,448.70

Diluted NI Availto Com Stockholders

1,253

1,406

1,645

1,384

Basic Average Shares

420

411.40

401.70

392.80

Diluted Average Shares

423

414.60

404.40

394.90

Reconciled Depreciation

191

193

181

175

Reconciled Cost Of Revenue

9,765

10,016

10,004

10,061

Total Unusual Items

-38

-61

-43

-86

Total Unusual Items Excluding Goodwill

-38

-61

-43

-86

Minority Interests

-116

-92

-89

-71

Special Income Charges

-38

-61

-43

-86

Restructuring And Mergern Acquisition

Total Other Finance Cost

143

150

-31

196

Other Operating Expenses

-26

-21

236

106

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Otis Worldwide Corporationthis co.

OTIS

$26.8B

19.37↓ discount

-4.97

-25.7%

14.29

Dover Corporation

DOV

$28.7B

26.28

3.88

14.8%

16.44

Copart, Inc.

CPRT

$28.5B

18.35

3.10

16.9%

13.48

Ingersoll Rand Inc.

$28.2B

48.47

2.79

5.8%

18.75

J.B. Hunt Transport Services, Inc.

JBHT

$26.7B

Otis Worldwide Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Otis Worldwide Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on