Otis Worldwide Corporation (OTIS) Tax Rate: 24.77%
Is Otis Worldwide Corporation’s tax rate high or low?
Otis Worldwide Corporation's tax rate of 24.77% is in line with its 5-year average of 25.19%, around the middle of its 5-year range (14.96%–30.11%).
24.69% above its 12-month average of 19.87%.
OTIS Tax Rate Chart
OTIS Average Tax Rate Chart
OTIS Current vs Average Tax Rate Chart
OTIS Tax Rate Metrics
TAX RATE
24.77%
TAX RATE AVG TTM
19.87%
TAX RATE AVG 3Y
23.36%
TAX RATE AVG 5Y
25.19%
TAX RATE AVG 10Y
N/A
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+24.69%
CURRENT VS 3Y AVG
+6.01%
CURRENT VS 5Y AVG
-1.68%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
Otis Worldwide Corporation Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Otis Worldwide Corporation Tax Rate FAQ
- What is the tax rate for Otis Worldwide Corporation (OTIS)?
- The tax rate for OTIS stock is 24.77%.
- Is Otis Worldwide Corporation's tax rate high or low?
- Otis Worldwide Corporation's tax rate of 24.77% is in line with its 5-year average of 25.19%, around the middle of its 5-year range (14.96%–30.11%).
- What is the TTM average tax rate for Otis Worldwide Corporation (OTIS)?
- The TTM average tax rate for OTIS stock is 19.87%.
- What is the 3Y average tax rate for Otis Worldwide Corporation (OTIS)?
- The 3Y average tax rate for OTIS stock is 23.36%.
- What is the 5Y average tax rate for Otis Worldwide Corporation (OTIS)?
- The 5Y average tax rate for OTIS stock is 25.19%.
Otis Worldwide Corporation Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 24.77% |
| 2024-12-31 | 14.96% |
| 2023-12-31 | 26.24% |
| 2022-12-31 | 27.49% |
| 2021-12-31 | 27.59% |
| 2020-12-31 | 30.11% |
| 2019-12-31 | 31.92% |
| 2018-12-31 | 36.08% |
| 2017-12-31 | 58.66% |
Related Metrics
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