Otis Worldwide Corporation (OTIS)

OTIS Financials

OTIS Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	14.647B	3.566B	3.796B	3.690B	3.595B	3.350B	3.675B	3.548B	3.601B
Cost of Goods Sold	10.196B	2.484B	2.649B	2.557B	2.506B	2.349B	2.603B	2.470B	2.522B
Gross Profit	4.451B	1.082B	1.147B	1.133B	1.089B	1.001B	1.072B	1.078B	1.079B
Gross Profit Margin	30.3%	30.3%	30.2%	30.7%	30.3%	29.9%	29.2%	30.4%	30.0%
Total Operating Expenses	2.190B	543.000M	558.000M	547.000M	542.000M	590.000M	541.000M	715.000M	509.000M
Research & Development	153.000M	38.000M	41.000M	36.000M	38.000M	37.000M	37.000M	40.000M	39.000M
Selling, General & Administrative	2.025B	510.000M	512.000M	504.000M	499.000M	464.000M	452.000M	455.000M	449.000M
Operating Income (EBIT)	2.261B	539.000M	589.000M	586.000M	547.000M	411.000M	531.000M	363.000M	570.000M
Operating Margin	15.1%	15.1%	15.5%	15.9%	15.2%	12.3%	14.4%	10.2%	15.8%
Income Before Tax (EBT)	2.048B	480.000M	526.000M	521.000M	521.000M	366.000M	483.000M	512.000M	544.000M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	210.000M	59.000M	64.000M	61.000M	26.000M	45.000M	48.000M	-150.000M	27.000M
Other Income/Expense	-213.000M	-59.000M	-63.000M	-65.000M	-26.000M	-45.000M	-48.000M	149.000M	-26.000M
Net Income	1.481B	340.000M	374.000M	374.000M	393.000M	243.000M	337.000M	540.000M	415.000M
Income Tax Expense	496.000M	127.000M	142.000M	129.000M	98.000M	110.000M	130.000M	-45.000M	94.000M
Net Profit Margin	9.5%	9.5%	9.9%	10.1%	10.9%	7.3%	9.2%	15.2%	11.5%
EBITDA	2.432B	580.000M	635.000M	626.000M	591.000M	453.000M	622.000M	410.000M	612.000M
EBITDA Margin	16.3%	16.3%	16.7%	17.0%	16.4%	13.5%	16.9%	11.6%	17.0%
Depreciation & Amortization	174.000M	41.000M	45.000M	44.000M	44.000M	42.000M	48.000M	48.000M	41.000M
EPS Basic	3.80	0.88	0.96	0.96	1.00	0.61	0.85	1.35	1.03
EPS Diluted	3.76	0.87	0.95	0.95	0.99	0.61	0.84	1.34	1.02
Shares Outstanding	388.100M	388.100M	393.684M	391.000M	395.100M	396.600M	398.700M	400.200M	402.900M
Diluted Shares Outstanding	389.600M	389.600M	393.684M	392.800M	397.300M	399.100M	404.400M	402.700M	405.500M

OTIS Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	14.431B	14.261B	14.209B	13.685B	14.298B	12.756B	13.118B	12.915B
Cost of Goods Sold	10.061B	10.004B	10.016B	9.765B	10.105B	8.977B	9.292B	9.189B
Gross Profit	4.370B	4.257B	4.193B	3.920B	4.193B	3.779B	3.826B	3.726B
Gross Profit Margin	30.3%	29.9%	29.5%	28.6%	29.3%	29.6%	29.2%	28.9%
Total Operating Expenses	2.237B	2.249B	2.007B	1.887B	2.085B	2.140B	2.012B	1.891B
Research & Development	152.000M	152.000M	144.000M	150.000M	159.000M	152.000M	163.000M	181.000M
Selling, General & Administrative	1.979B	1.818B	1.823B	1.725B	1.948B	1.924B	1.810B	1.735B
Operating Income (EBIT)	2.133B	2.008B	2.186B	2.033B	2.108B	1.639B	1.814B	1.835B
Operating Margin	14.8%	14.1%	15.4%	14.9%	14.7%	12.8%	13.8%	14.2%
Income Before Tax (EBT)	1.934B	2.039B	2.031B	1.888B	1.961B	1.511B	1.861B	1.893B
Interest Income	—	—	—	—	—	—	53.000M	51.000M
Interest Expense	196.000M	-31.000M	150.000M	143.000M	136.000M	122.000M	39.000M	37.000M
Other Income/Expense	-199.000M	31.000M	-155.000M	-145.000M	-147.000M	-128.000M	47.000M	58.000M
Net Income	1.384B	1.645B	1.406B	1.253B	1.246B	906.000M	1.116B	1.049B
Income Tax Expense	479.000M	305.000M	533.000M	519.000M	541.000M	455.000M	594.000M	683.000M
Net Profit Margin	9.6%	11.5%	9.9%	9.2%	8.7%	7.1%	8.5%	8.1%
EBITDA	2.305B	2.232B	2.440B	2.262B	2.300B	1.830B	1.994B	2.025B
EBITDA Margin	16.0%	15.7%	17.2%	16.5%	16.1%	14.3%	15.2%	15.7%
Depreciation & Amortization	175.000M	181.000M	193.000M	191.000M	203.000M	191.000M	180.000M	190.000M
EPS Basic	3.53	4.10	3.42	2.98	2.91	2.09	2.58	2.42
EPS Diluted	3.50	4.07	3.39	2.96	2.89	2.08	2.58	2.42
Shares Outstanding	393.684M	401.700M	411.400M	420.000M	427.700M	433.200M	433.112M	433.100M
Diluted Shares Outstanding	393.684M	404.400M	414.600M	423.000M	431.400M	434.600M	433.112M	433.100M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Otis Worldwide Corporation

Otis Worldwide Corporation is a global leader specializing in the manufacturing, installation, and servicing of elevators and escalators, with significant operations in the United States, China, and numerous other international markets. The company's business is organized into two primary divisions: New Equipment and Service. Its New Equipment segment is responsible for the design, fabrication, sale, and fitting of a diverse array of passenger and freight elevators, escalators, and moving walkways, catering to residential and commercial properties, as well as large-scale infrastructure endeavors. Conversely, the Service segment offers extensive maintenance, repair, and modernization services aimed at upgrading existing elevator and escalator systems. Otis maintains a substantial global service footprint, employing approximately 34,000 service technicians across roughly 1,400 branches and offices. The company, established in 1853, is headquartered in Farmington, Connecticut.

Farmington, CT

72,000 employees

www.otis.com

Industrials / Industrial - Machinery

Sector: Industrials
Industry: Industrial - Machinery
CEO: Judith F. Marks

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