Otis Worldwide Corporation (OTIS) Net Income CAGR:-3.52%(TTM)
Net income CAGR uses precomputed financial statement history.
Over longer horizons, Otis Worldwide Corporation's Net Income CAGR averages 5.17% over 3 years and 7.14% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Net income CAGR shows how Otis Worldwide Corporation's bottom-line profitability has grown. This reflects the company's ability to convert revenue into profits after all expenses.
OTIS Net Income CAGR Chart
Otis Worldwide Corporation (OTIS)
OTIS Quarterly Net Income Growth (YoY)
Net Income growth vs the same quarter one year earlier, last 20 quarters.
OTIS Net Income CAGR History
| Year | Start Net Income | End Net Income | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $1.65B | $1.38B | $-261.00M | -15.87% | -15.87% |
| 2024 | $1.41B | $1.65B | +$239.00M | +17.00% | +17.00% |
| 2023 | $1.25B | $1.41B | +$153.00M | +12.21% | +12.21% |
| 2022 | $1.25B | $1.25B | +$7.00M | +0.56% | +0.56% |
| 2021 | $906.00M | $1.25B | +$340.00M | +37.53% | +37.53% |
| 2020 | $1.12B | $906.00M | $-210.00M | -18.82% | -18.82% |
| 2019 | $1.05B | $1.12B | +$67.00M | +6.39% | +6.39% |
| 2018 | $636.00M | $1.05B | +$413.00M | +64.94% | +64.94% |
Quarterly Net Income: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | $340.00M | -9.1% | +39.9% |
| Q4 2025 | $374.00M | +0.0% | +11.0% |
| Q3 2025 | $374.00M | -4.8% | -30.7% |
| Q2 2025 | $393.00M | +61.7% | -5.3% |
| Q1 2025 | $243.00M | -27.9% | -31.2% |
| Q4 2024 | $337.00M | -37.6% | +4.3% |
| Q3 2024 | $540.00M | +30.1% | +43.6% |
| Q2 2024 | $415.00M | +17.6% | +10.4% |
| Q1 2024 | $353.00M | +9.3% | +6.6% |
| Q4 2023 | $323.00M | -14.1% | +8.8% |
| Q3 2023 | $376.00M | +0.0% | +16.0% |
| Q2 2023 | $376.00M | +13.6% | +17.1% |
| Q1 2023 | $331.00M | +11.4% | +6.4% |
| Q4 2022 | $297.00M | -8.3% | +5.7% |
| Q3 2022 | $324.00M | +0.9% | -2.1% |
| Q2 2022 | $321.00M | +3.2% | -1.5% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
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.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Judith F. Marks