Otis Worldwide (OTIS) Financials

$87.63 -1.60 (-1.79%)

Closing price 03:59 PM Eastern

Extended Trading

$87.91 +0.28 (+0.32%)

As of 07:56 PM Eastern

Annual Income Statements for Otis Worldwide

This table shows Otis Worldwide's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,049	1,116	906	1,246	1,253	1,406	1,645
Consolidated Net Income / (Loss)	1,210	1,267	1,056	1,420	1,369	1,498	1,734
Net Income / (Loss) Continuing Operations	1,210	1,267	1,056	1,420	1,369	1,498	1,734
Total Pre-Tax Income	1,893	1,861	1,511	1,961	1,888	2,031	2,039
Total Operating Income	1,835	1,814	1,639	2,108	2,033	2,186	2,008
Total Gross Profit	3,726	3,826	3,779	4,193	3,920	4,193	4,257
Total Revenue	12,915	13,118	12,756	14,298	13,685	14,209	14,261
Operating Revenue	12,915	13,118	12,756	14,298	13,685	14,209	14,261
Total Cost of Revenue	9,189	9,292	8,977	10,105	9,765	10,016	10,004
Operating Cost of Revenue	9,189	9,292	8,977	10,105	9,765	10,016	10,004
Total Operating Expenses	1,891	2,012	2,140	2,085	1,887	2,007	2,249
Selling, General & Admin Expense	1,735	1,810	1,924	1,948	1,763	1,884	1,861
Research & Development Expense	181	163	152	159	150	144	152
Other Operating Expenses / (Income)	-25	39	64	-22	-26	-21	236
Total Other Income / (Expense), net	58	47	-128	-147	-145	-155	31
Interest & Investment Income	-	-	-	-	-143	-150	31
Other Income / (Expense), net	44	33	-6.00	-11	-2.00	-5.00	0.00
Income Tax Expense	683	594	455	541	519	533	305
Net Income / (Loss) Attributable to Noncontrolling Interest	161	151	150	174	116	92	89
Basic Earnings per Share	$2.42	$2.55	$2.09	$2.91	$2.98	$3.42	$4.10
Weighted Average Basic Shares Outstanding	433.10M	433.10M	433.20M	427.70M	420M	411.40M	401.70M
Diluted Earnings per Share	$2.42	$2.55	$2.08	$2.89	$2.96	$3.39	$4.07
Weighted Average Diluted Shares Outstanding	433.10M	433.10M	434.60M	431.40M	423M	414.60M	404.40M
Weighted Average Basic & Diluted Shares Outstanding	-	-	433.67M	424.96M	414.87M	405.45M	396.52M
Cash Dividends to Common per Share	$0.00	$0.00	$0.60	$0.92	$1.11	$1.31	$1.51

This table shows Otis Worldwide's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	297	331	376	376	323	353	415	540	337	243	393
Consolidated Net Income / (Loss)	318	352	407	395	344	374	450	557	353	256	423
Net Income / (Loss) Continuing Operations	318	352	407	395	344	374	450	557	353	256	423
Total Pre-Tax Income	455	480	542	532	477	500	544	512	483	366	521
Total Operating Income	491	513	580	571	522	544	570	363	531	411	547
Total Gross Profit	960	996	1,083	1,046	1,068	1,028	1,079	1,078	1,072	1,001	1,089
Total Revenue	3,439	3,346	3,720	3,523	3,620	3,437	3,601	3,548	3,675	3,350	3,595
Operating Revenue	3,439	3,346	3,720	3,523	3,620	3,437	3,601	3,548	3,675	3,350	3,595
Total Cost of Revenue	2,479	2,350	2,637	2,477	2,552	2,409	2,522	2,470	2,603	2,349	2,506
Operating Cost of Revenue	2,479	2,350	2,637	2,477	2,552	2,409	2,522	2,470	2,603	2,349	2,506
Total Operating Expenses	469	483	503	475	546	484	509	715	541	590	542
Selling, General & Admin Expense	448	455	479	452	498	462	449	455	495	464	499
Research & Development Expense	38	35	36	36	37	36	39	40	37	37	38
Other Operating Expenses / (Income)	-17	-7.00	-12	-13	11	-14	21	220	9.00	89	5.00
Total Other Income / (Expense), net	-36	-33	-38	-39	-45	-44	-26	149	-48	-45	-26
Interest & Investment Income	-	-	-37	-39	-	-44	-27	150	-	-45	-26
Other Income / (Expense), net	-	0.00	-1.00	0.00	-4.00	0.00	1.00	-1.00	-	0.00	0.00
Income Tax Expense	137	128	135	137	133	126	94	-45	130	110	98
Net Income / (Loss) Attributable to Noncontrolling Interest	21	21	31	19	21	21	35	17	16	13	30
Basic Earnings per Share	$0.72	$0.80	$0.91	$0.92	$0.79	$0.87	$1.03	$1.35	$0.85	$0.61	$1.00
Weighted Average Basic Shares Outstanding	420M	414.30M	412.70M	410.80M	411.40M	405.20M	402.90M	400.20M	401.70M	396.60M	393.70M
Diluted Earnings per Share	$0.70	$0.79	$0.90	$0.91	$0.79	$0.86	$1.02	$1.34	$0.85	$0.61	$0.99
Weighted Average Diluted Shares Outstanding	423M	417.80M	416M	413.70M	414.60M	408.10M	405.50M	402.70M	404.40M	399.10M	395.80M
Weighted Average Basic & Diluted Shares Outstanding	414.87M	413.29M	411.74M	409.26M	405.45M	404.32M	400.55M	399.46M	396.52M	394.68M	392.48M
Cash Dividends to Common per Share	-	$0.29	$0.34	$0.34	-	$0.34	$0.39	$0.39	-	$0.39	$0.42

This table details how cash moves in and out of Otis Worldwide's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-148	113	342	1,676	-2,282	85	1,041
Net Cash From Operating Activities	1,550	1,469	1,480	1,750	1,560	1,627	1,563
Net Cash From Continuing Operating Activities	1,550	1,469	1,480	1,750	1,560	1,615	1,563
Net Income / (Loss) Continuing Operations	1,210	1,267	1,056	1,420	1,369	1,498	1,734
Consolidated Net Income / (Loss)	1,210	1,267	1,056	1,420	1,369	1,498	1,734
Depreciation Expense	190	180	191	203	191	193	181
Non-Cash Adjustments To Reconcile Net Income	74	94	271	96	146	34	24
Changes in Operating Assets and Liabilities, net	76	-72	-38	31	-146	-110	-376
Net Cash From Investing Activities	-201	-203	-353	-89	-33	-183	-164
Net Cash From Continuing Investing Activities	-201	-203	-353	-89	-33	-183	-164
Purchase of Property, Plant & Equipment	-172	-145	-183	-156	-115	-138	-126
Acquisitions	-50	-47	-53	-80	-46	-36	-87
Purchase of Investments	-	-5.00	-69	73	65	-28	49
Divestitures	-	-	0.00	0.00	61	0.00	0.00
Sale and/or Maturity of Investments	3.00	0.00	-51	40	-7.00	4.00	-9.00
Other Investing Activities, net	18	-6.00	3.00	34	9.00	15	9.00
Net Cash From Financing Activities	-1,497	-1,133	-844	58	-3,652	-1,350	-309
Net Cash From Continuing Financing Activities	-1,497	-1,133	-844	58	-3,652	-1,350	-309
Repayment of Debt	-23	-4.00	-1,052	-547	-530	-560	-35
Repurchase of Common Equity	-	0.00	0.00	-725	-850	-800	-1,007
Payment of Dividends	-173	-163	-409	-548	-583	-624	-700
Issuance of Debt	11	6.00	6,947	1,878	113	634	1,508
Other Financing Activities, net	-1,312	-972	-6,330	0.00	-1,802	0.00	-75
Effect of Exchange Rate Changes	-	-20	59	-43	-157	-	-49
Cash Interest Paid	20	18	81	129	134	132	172
Cash Income Taxes Paid	607	632	561	552	562	546	586

This table details how cash moves in and out of Otis Worldwide's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	153	-74	106	414	-361	-393	64	-119	1,489	-392	-1,226
Net Cash From Operating Activities	464	278	446	306	597	171	308	394	690	190	215
Net Cash From Continuing Operating Activities	464	278	446	306	585	171	308	394	690	190	215
Net Income / (Loss) Continuing Operations	318	352	407	395	344	374	450	557	353	256	423
Consolidated Net Income / (Loss)	318	352	407	395	344	374	450	557	353	256	423
Depreciation Expense	46	47	52	46	48	44	41	48	48	42	44
Non-Cash Adjustments To Reconcile Net Income	73	23	34	-1.00	-22	10	-1.00	-20	35	43	-32
Changes in Operating Assets and Liabilities, net	27	-144	-47	-134	215	-257	-182	-191	254	-151	-220
Net Cash From Investing Activities	-95	-21	-70	-41	-51	-79	-18	-113	46	-161	-159
Net Cash From Continuing Investing Activities	-95	-21	-70	-41	-51	-79	-18	-113	46	-161	-159
Purchase of Property, Plant & Equipment	-34	-25	-37	-34	-42	-31	-24	-32	-39	-34	-36
Acquisitions	-8.00	-16	-4.00	-7.00	-9.00	-30	-10	-30	-17	-36	-46
Purchase of Investments	-56	17	-30	-8.00	-7.00	-21	17	-43	96	-93	-107
Other Investing Activities, net	3.00	3.00	1.00	10	1.00	3.00	-1.00	1.00	6.00	2.00	-4.00
Net Cash From Financing Activities	-250	-341	-244	167	-932	-467	-212	-423	793	-428	-1,294
Net Cash From Continuing Financing Activities	-250	-341	-244	167	-932	-467	-212	-423	793	-428	-1,294
Repayment of Debt	-2.00	-5.00	-11	-8.00	-536	-19	-2.00	-	-14	-7.00	-1,303
Repurchase of Common Equity	-150	-175	-175	-225	-225	-300	-300	-200	-207	-253	-308
Payment of Dividends	-131	-129	-147	-200	-148	-147	-159	-225	-169	-157	-167
Issuance of Debt	33	-32	89	600	-23	3.00	320	2.00	1,183	-11	484
Effect of Exchange Rate Changes	34	10	-26	-18	-	-18	-14	23	-40	7.00	12

This table presents Otis Worldwide's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	9,687	10,710	12,279	9,819	10,117	11,316
Total Current Assets	5,658	6,493	8,261	6,143	6,400	7,670
Cash & Equivalents	1,446	1,782	1,565	1,189	1,274	2,300
Accounts Receivable	2,861	3,148	3,232	3,357	3,538	3,428
Inventories, net	571	659	622	617	612	557
Other Current Assets	780	887	932	980	976	1,385
Plant, Property, & Equipment, net	721	774	774	719	727	701
Total Noncurrent Assets	3,308	3,443	3,244	2,957	2,990	2,945
Goodwill	1,647	1,773	1,667	1,567	1,588	1,548
Intangible Assets	490	484	419	369	335	311
Noncurrent Deferred & Refundable Income Taxes	373	334	335	285	323	302
Other Noncurrent Operating Assets	798	852	823	736	744	784
Total Liabilities & Shareholders' Equity	9,687	10,710	12,279	9,819	10,117	11,316
Total Liabilities	7,361	13,911	15,263	14,483	14,837	16,044
Total Current Liabilities	5,374	6,673	6,247	6,843	6,479	7,749
Short-Term Debt	34	701	24	670	32	1,351
Accounts Payable	1,331	1,453	1,556	1,717	1,878	1,879
Accrued Expenses	1,739	1,977	1,993	1,794	1,873	1,921
Other Current Liabilities	2,270	2,542	2,674	2,662	2,696	2,598
Total Noncurrent Liabilities	1,987	7,238	9,016	7,640	8,358	8,295
Long-Term Debt	5.00	5,262	7,249	6,098	6,866	6,973
Noncurrent Deferred & Payable Income Tax Liabilities	695	321	267	279	245	207
Noncurrent Employee Benefit Liabilities	590	654	558	392	462	434
Other Noncurrent Operating Liabilities	697	1,001	942	871	785	681
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	95	194	160	135	135	57
Total Equity & Noncontrolling Interests	2,231	-3,395	-3,144	-4,799	-4,855	-4,785
Total Preferred & Common Equity	1,700	-3,862	-3,625	-4,870	-4,924	-4,848
Total Common Equity	1,700	-3,862	-3,625	-4,870	-4,924	-4,848
Common Stock	0.00	59	119	162	213	265
Retained Earnings	0.00	-3,106	-2,256	-2,865	-2,005	-978
Treasury Stock	-	0.00	-725	-1,575	-2,382	-3,390
Accumulated Other Comprehensive Income / (Loss)	-758	-815	-763	-592	-750	-745
Noncontrolling Interest	531	467	481	71	69	63

This table presents Otis Worldwide's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	9,819	9,845	10,135	10,390	10,117	9,791	9,858	10,261	11,316	11,178	10,495
Total Current Assets	6,143	6,153	6,417	6,749	6,400	6,138	6,238	6,495	7,670	7,435	6,387
Cash & Equivalents	1,189	1,117	1,219	1,636	1,274	884	942	827	2,300	1,918	688
Accounts Receivable	3,357	3,364	3,497	3,455	3,538	3,654	3,606	3,604	3,428	3,570	3,696
Inventories, net	617	642	640	624	612	593	605	625	557	586	602
Other Current Assets	980	1,030	1,061	1,034	976	1,007	1,085	1,439	1,385	1,361	1,401
Plant, Property, & Equipment, net	719	719	715	708	727	713	708	721	701	708	732
Total Noncurrent Assets	2,957	2,973	3,003	2,933	2,990	2,940	2,912	3,045	2,945	3,035	3,376
Goodwill	1,567	1,570	1,579	1,547	1,588	1,575	1,553	1,630	1,548	1,588	1,707
Intangible Assets	369	360	355	336	335	343	330	330	311	326	357
Noncurrent Deferred & Refundable Income Taxes	285	281	284	290	323	303	302	315	302	305	392
Other Noncurrent Operating Assets	736	762	785	760	744	719	727	770	784	816	920
Total Liabilities & Shareholders' Equity	9,819	9,845	10,135	10,390	10,117	9,791	9,858	10,261	11,316	11,178	10,495
Total Liabilities	14,483	14,483	14,760	15,000	14,837	14,607	14,740	15,041	16,044	16,169	15,699
Total Current Liabilities	6,843	6,823	7,158	6,749	6,479	6,318	7,895	8,097	7,749	7,892	7,246
Short-Term Debt	670	646	746	585	32	35	1,656	1,667	1,351	1,483	675
Accounts Payable	1,717	1,515	1,744	1,655	1,878	1,641	1,716	1,779	1,879	1,618	1,739
Accrued Expenses	1,794	1,679	1,779	1,725	1,873	1,691	1,719	1,864	1,921	1,921	2,016
Other Current Liabilities	2,662	2,983	2,889	2,784	2,696	2,951	2,804	2,787	2,598	2,870	2,816
Total Noncurrent Liabilities	7,640	7,660	7,602	8,251	8,358	8,289	6,845	6,944	8,295	8,277	8,453
Long-Term Debt	6,098	6,116	6,117	6,822	6,866	6,846	5,526	5,596	6,973	6,923	7,074
Noncurrent Deferred & Payable Income Tax Liabilities	279	278	278	258	245	255	206	215	207	217	211
Noncurrent Employee Benefit Liabilities	392	391	398	390	462	452	445	462	434	432	454
Other Noncurrent Operating Liabilities	871	875	809	781	785	736	668	671	681	705	714
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	135	129	126	123	135	124	52	55	57	62	66
Total Equity & Noncontrolling Interests	-4,799	-4,767	-4,751	-4,733	-4,855	-4,940	-4,934	-4,835	-4,785	-5,053	-5,270
Total Preferred & Common Equity	-4,870	-4,857	-4,852	-4,788	-4,924	-5,024	-5,046	-4,901	-4,848	-5,128	-5,367
Total Common Equity	-4,870	-4,857	-4,852	-4,788	-4,924	-5,024	-5,046	-4,901	-4,848	-5,128	-5,367
Common Stock	162	172	183	198	213	210	230	245	265	278	300
Retained Earnings	-2,865	-2,653	-2,419	-2,183	-2,005	-1,794	-1,538	-1,153	-978	-889	-663
Treasury Stock	-1,575	-1,750	-1,927	-2,155	-2,382	-2,684	-2,987	-3,189	-3,390	-3,646	-3,948
Accumulated Other Comprehensive Income / (Loss)	-592	-626	-689	-648	-750	-756	-751	-804	-745	-871	-1,056
Noncontrolling Interest	71	90	101	55	69	84	112	66	63	75	97

This table displays calculated financial ratios and metrics derived from Otis Worldwide's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	1.57%	-2.76%	12.09%	-4.29%	3.83%	0.37%
EBITDA Growth	0.00%	-2.03%	-10.01%	26.10%	-3.39%	6.84%	-7.79%
EBIT Growth	0.00%	-1.70%	-11.59%	28.41%	-3.15%	7.39%	-7.93%
NOPAT Growth	0.00%	5.29%	-7.25%	33.26%	-3.43%	9.37%	5.91%
Net Income Growth	0.00%	4.71%	-16.65%	34.47%	-3.59%	9.42%	15.75%
EPS Growth	0.00%	5.37%	-18.43%	38.94%	2.42%	14.53%	20.06%
Operating Cash Flow Growth	0.00%	-5.23%	0.75%	18.24%	-10.86%	4.29%	-3.93%
Free Cash Flow Firm Growth	0.00%	0.00%	248.56%	52.11%	-18.04%	18.22%	-18.95%
Invested Capital Growth	0.00%	0.00%	4.79%	-15.47%	12.41%	-1.20%	43.36%
Revenue Q/Q Growth	0.00%	0.00%	1.11%	0.53%	-0.94%	1.29%	0.39%
EBITDA Q/Q Growth	0.00%	0.00%	0.50%	2.54%	-0.22%	1.24%	0.60%
EBIT Q/Q Growth	0.00%	0.00%	0.18%	2.79%	0.00%	1.25%	0.65%
NOPAT Q/Q Growth	0.00%	0.00%	5.39%	2.34%	-0.08%	2.11%	0.68%
Net Income Q/Q Growth	0.00%	0.00%	2.42%	2.23%	0.59%	1.77%	0.52%
EPS Q/Q Growth	0.00%	0.00%	4.52%	2.85%	1.72%	2.73%	1.50%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-8.92%	-1.80%	13.62%	8.90%	6.33%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-2.33%	-1.73%	34.61%	9.53%
Invested Capital Q/Q Growth	0.00%	0.00%	3.10%	14.65%	16.12%	-22.14%	-21.74%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	28.85%	29.17%	29.63%	29.33%	28.64%	29.51%	29.85%
EBITDA Margin	16.02%	15.45%	14.30%	16.09%	16.24%	16.71%	15.35%
Operating Margin	14.21%	13.83%	12.85%	14.74%	14.86%	15.38%	14.08%
EBIT Margin	14.55%	14.08%	12.80%	14.67%	14.84%	15.35%	14.08%
Profit (Net Income) Margin	9.37%	9.66%	8.28%	9.93%	10.00%	10.54%	12.16%
Tax Burden Percent	63.92%	68.08%	69.89%	72.41%	72.51%	73.76%	85.04%
Interest Burden Percent	100.75%	100.76%	92.53%	93.51%	92.96%	93.12%	101.54%
Effective Tax Rate	36.08%	31.92%	30.11%	27.59%	27.49%	26.24%	14.96%
Return on Invested Capital (ROIC)	0.00%	268.77%	121.73%	171.80%	170.52%	177.28%	155.24%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	264.22%	115.24%	169.13%	168.28%	175.23%	155.69%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-159.83%	-363.10%	-217.72%	-206.32%	-209.20%	-191.95%
Return on Equity (ROE)	0.00%	108.94%	-241.37%	-45.92%	-35.80%	-31.93%	-36.71%
Cash Return on Invested Capital (CROIC)	0.00%	68.77%	117.05%	188.57%	158.84%	178.49%	119.60%
Operating Return on Assets (OROA)	0.00%	19.07%	16.01%	18.24%	18.38%	21.88%	18.74%
Return on Assets (ROA)	0.00%	13.08%	10.35%	12.35%	12.39%	15.03%	16.18%
Return on Common Equity (ROCE)	0.00%	79.62%	-596.39%	-55.58%	-39.77%	-33.32%	-37.96%
Return on Equity Simple (ROE_SIMPLE)	0.00%	74.53%	-27.34%	-39.17%	-28.11%	-30.42%	-35.77%
Net Operating Profit after Tax (NOPAT)	1,173	1,235	1,145	1,526	1,474	1,612	1,708
NOPAT Margin	9.08%	9.41%	8.98%	10.68%	10.77%	11.35%	11.97%
Net Nonoperating Expense Percent (NNEP)	0.00%	4.55%	6.49%	2.67%	2.24%	2.04%	-0.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	74.87%	78.92%	48.25%
Cost of Revenue to Revenue	71.15%	70.83%	70.37%	70.67%	71.36%	70.49%	70.15%
SG&A Expenses to Revenue	13.43%	13.80%	15.08%	13.62%	12.88%	13.26%	13.05%
R&D to Revenue	1.40%	1.24%	1.19%	1.11%	1.10%	1.01%	1.07%
Operating Expenses to Revenue	14.64%	15.34%	16.78%	14.58%	13.79%	14.12%	15.77%
Earnings before Interest and Taxes (EBIT)	1,879	1,847	1,633	2,097	2,031	2,181	2,008
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,069	2,027	1,824	2,300	2,222	2,374	2,189
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	2.17	2.48	2.31	2.54	2.59
Price to Earnings (P/E)	0.00	0.00	30.61	28.46	25.23	25.63	22.49
Dividend Yield	0.00%	0.00%	0.94%	1.10%	1.46%	1.49%	1.63%
Earnings Yield	0.00%	0.00%	3.27%	3.51%	3.96%	3.90%	4.45%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	33.81	49.02	40.87	46.31	33.29
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.55	2.79	2.73	2.95	3.02
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	17.85	17.35	16.83	17.64	19.71
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	19.94	19.03	18.41	19.20	21.48
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	28.43	26.14	25.37	25.97	25.26
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	22.00	22.80	23.97	25.73	27.60
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	29.56	23.82	27.24	25.79	32.79
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.02	-1.86	-2.44	-1.45	-1.46	-1.76
Long-Term Debt to Equity	0.00	0.00	-1.64	-2.43	-1.31	-1.45	-1.47
Financial Leverage	0.00	-0.60	-3.15	-1.29	-1.23	-1.19	-1.23
Leverage Ratio	0.00	4.16	-23.31	-3.72	-2.89	-2.12	-2.27
Compound Leverage Factor	0.00	4.20	-21.57	-3.48	-2.69	-1.98	-2.30
Debt to Total Capital	0.00%	1.65%	215.89%	169.57%	321.67%	316.71%	231.48%
Short-Term Debt to Total Capital	0.00%	1.44%	25.38%	0.56%	31.84%	1.47%	37.57%
Long-Term Debt to Total Capital	0.00%	0.21%	190.51%	169.01%	289.83%	315.24%	193.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	26.47%	23.93%	14.95%	9.79%	9.37%	3.34%
Common Equity to Total Capital	0.00%	71.88%	-139.83%	-84.52%	-231.46%	-226.08%	-134.82%
Debt to EBITDA	0.00	0.02	3.27	3.16	3.05	2.91	3.80
Net Debt to EBITDA	0.00	-0.69	2.28	1.65	2.51	2.37	2.75
Long-Term Debt to EBITDA	0.00	0.00	2.88	3.15	2.74	2.89	3.19
Debt to NOPAT	0.00	0.03	5.21	4.76	4.59	4.28	4.87
Net Debt to NOPAT	0.00	-1.14	3.64	2.49	3.78	3.49	3.53
Long-Term Debt to NOPAT	0.00	0.00	4.59	4.75	4.14	4.26	4.08
Altman Z-Score	0.00	0.00	2.46	3.06	2.89	3.29	3.10
Noncontrolling Interest Sharing Ratio	0.00%	26.91%	-147.09%	-21.05%	-11.07%	-4.37%	-3.43%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.05	0.97	1.32	0.90	0.99	0.99
Quick Ratio	0.00	0.80	0.74	0.77	0.66	0.74	0.74
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	316	1,101	1,675	1,373	1,623	1,316
Operating Cash Flow to CapEx	901.16%	1,013.10%	808.74%	1,121.79%	1,356.52%	1,178.99%	1,240.48%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	9.03	12.32	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	12.13	12.87	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	10.63	11.72	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	1.35	1.25	1.24	1.24	1.43	1.33
Accounts Receivable Turnover	0.00	4.59	4.25	4.48	4.15	4.12	4.09
Inventory Turnover	0.00	16.27	14.60	15.78	15.76	16.30	17.12
Fixed Asset Turnover	0.00	18.19	17.06	18.47	18.33	19.65	19.97
Accounts Payable Turnover	0.00	6.98	6.45	6.72	5.97	5.57	5.33
Days Sales Outstanding (DSO)	0.00	79.61	85.97	81.43	87.87	88.56	89.14
Days Inventory Outstanding (DIO)	0.00	22.43	25.01	23.14	23.16	22.39	21.33
Days Payable Outstanding (DPO)	0.00	52.28	56.60	54.34	61.17	65.50	68.54
Cash Conversion Cycle (CCC)	0.00	49.75	54.38	50.23	49.86	45.45	41.93
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	919	963	814	915	904	1,296
Invested Capital Turnover	0.00	28.55	13.56	16.09	15.83	15.62	12.96
Increase / (Decrease) in Invested Capital	0.00	919	44	-149	101	-11	392
Enterprise Value (EV)	0.00	0.00	32,561	39,905	37,398	41,868	43,138
Market Capitalization	0.00	0.00	27,736	35,466	31,613	36,040	36,994
Book Value per Share	$0.00	$3.93	($8.92)	($8.53)	($11.69)	($12.03)	($12.14)
Tangible Book Value per Share	$0.00	($1.01)	($14.13)	($13.45)	($16.34)	($16.73)	($16.79)
Total Capital	0.00	2,365	2,762	4,289	2,104	2,178	3,596
Total Debt	0.00	39	5,963	7,273	6,768	6,898	8,324
Total Long-Term Debt	0.00	5.00	5,262	7,249	6,098	6,866	6,973
Net Debt	0.00	-1,407	4,164	3,798	5,579	5,624	6,024
Capital Expenditures (CapEx)	172	145	183	156	115	138	126
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-1,128	-1,278	-1,437	-1,219	-1,321	-1,028
Debt-free Net Working Capital (DFNWC)	0.00	318	521	2,038	-30	-47	1,272
Net Working Capital (NWC)	0.00	284	-180	2,014	-700	-79	-79
Net Nonoperating Expense (NNE)	-37	-32	89	106	105	114	-26
Net Nonoperating Obligations (NNO)	0.00	-1,407	4,164	3,798	5,579	5,624	6,024
Total Depreciation and Amortization (D&A)	190	180	191	203	191	193	181
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-8.60%	-10.02%	-10.05%	-8.91%	-9.30%	-7.21%
Debt-free Net Working Capital to Revenue	0.00%	2.42%	4.08%	14.25%	-0.22%	-0.33%	8.92%
Net Working Capital to Revenue	0.00%	2.17%	-1.41%	14.09%	-5.12%	-0.56%	-0.55%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$2.09	$2.91	$2.98	$3.42	$4.10
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	433.20M	427.70M	420M	411.40M	401.70M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$2.08	$2.89	$2.96	$3.39	$4.07
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	434.60M	431.40M	423M	414.60M	404.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	433.67M	424.96M	414.87M	405.45M	396.52M
Normalized Net Operating Profit after Tax (NOPAT)	1,173	1,235	1,145	1,526	1,474	1,612	1,708
Normalized NOPAT Margin	9.08%	9.41%	8.98%	10.68%	10.77%	11.35%	11.97%
Pre Tax Income Margin	14.66%	14.19%	11.85%	13.72%	13.80%	14.29%	14.30%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	13.39	15.42	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	9.39	11.22	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	11.89	14.27	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	7.89	10.08	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	14.30%	12.87%	38.73%	38.59%	42.59%	41.66%	40.37%
Augmented Payout Ratio	14.30%	12.87%	38.73%	89.65%	104.67%	95.06%	98.44%

This table displays calculated financial ratios and metrics derived from Otis Worldwide's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.64%	-1.99%	6.65%	5.35%	5.26%	2.72%	-3.20%	0.71%	1.52%	-2.53%	-0.17%
EBITDA Growth	-0.92%	-2.44%	17.94%	7.12%	5.40%	5.00%	-3.01%	-33.55%	2.30%	-22.96%	-3.43%
EBIT Growth	0.00%	-2.47%	19.14%	8.14%	5.50%	6.04%	-1.38%	-36.60%	2.51%	-24.45%	-4.20%
NOPAT Growth	-0.24%	-0.92%	15.90%	12.89%	9.70%	8.16%	8.26%	-6.85%	3.09%	-29.35%	-5.81%
Net Income Growth	2.58%	-0.28%	16.95%	12.86%	8.18%	6.25%	10.57%	41.01%	2.62%	-31.55%	-6.00%
EPS Growth	7.69%	8.22%	18.42%	18.18%	12.86%	8.86%	13.33%	47.25%	7.59%	-29.07%	-2.94%
Operating Cash Flow Growth	67.51%	-44.84%	26.35%	28.03%	28.66%	-38.49%	-30.94%	28.76%	15.58%	11.11%	-30.19%
Free Cash Flow Firm Growth	-50.88%	-77.84%	-60.53%	-82.88%	60.00%	139.62%	12.74%	-296.43%	-101.01%	-112.25%	-141.42%
Invested Capital Growth	12.41%	38.32%	45.36%	47.34%	-1.20%	17.28%	33.27%	42.64%	43.36%	26.76%	36.75%
Revenue Q/Q Growth	2.84%	-2.70%	11.18%	-5.30%	2.75%	-5.06%	4.77%	-1.47%	3.58%	-8.84%	7.31%
EBITDA Q/Q Growth	-6.77%	4.28%	12.68%	-2.22%	-8.27%	3.89%	4.08%	-33.01%	41.22%	-21.76%	30.46%
EBIT Q/Q Growth	-7.01%	4.48%	12.87%	-1.38%	-9.28%	5.02%	4.96%	-36.60%	46.69%	-22.60%	33.09%
NOPAT Q/Q Growth	-8.63%	9.63%	15.77%	-2.66%	-11.20%	8.09%	15.87%	-16.25%	-1.73%	-25.92%	54.49%
Net Income Q/Q Growth	-9.14%	10.69%	15.63%	-2.95%	-12.91%	8.72%	20.32%	23.78%	-36.62%	-27.48%	65.23%
EPS Q/Q Growth	-9.09%	12.86%	13.92%	1.11%	-13.19%	8.86%	18.60%	31.37%	-36.57%	-28.24%	62.30%
Operating Cash Flow Q/Q Growth	94.14%	-40.09%	60.43%	-31.39%	95.10%	-71.36%	80.12%	27.92%	75.13%	-72.46%	13.16%
Free Cash Flow Firm Q/Q Growth	-18.62%	-59.86%	20.92%	-56.65%	660.36%	-39.89%	-43.11%	-175.54%	96.08%	-627.81%	-92.43%
Invested Capital Q/Q Growth	16.12%	10.05%	1.19%	13.94%	-22.14%	30.64%	14.99%	21.94%	-21.74%	15.51%	24.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.92%	29.77%	29.11%	29.69%	29.50%	29.91%	29.96%	30.38%	29.17%	29.88%	30.29%
EBITDA Margin	15.62%	16.74%	16.96%	17.51%	15.64%	17.11%	17.00%	11.56%	15.76%	13.52%	16.44%
Operating Margin	14.28%	15.33%	15.59%	16.21%	14.42%	15.83%	15.83%	10.23%	14.45%	12.27%	15.22%
EBIT Margin	14.28%	15.33%	15.56%	16.21%	14.31%	15.83%	15.86%	10.20%	14.45%	12.27%	15.22%
Profit (Net Income) Margin	9.25%	10.52%	10.94%	11.21%	9.50%	10.88%	12.50%	15.70%	9.61%	7.64%	11.77%
Tax Burden Percent	69.89%	73.33%	75.09%	74.25%	72.12%	74.80%	82.72%	108.79%	73.08%	69.95%	81.19%
Interest Burden Percent	92.67%	93.57%	93.61%	93.17%	92.08%	91.91%	95.27%	141.44%	90.96%	89.05%	95.25%
Effective Tax Rate	30.11%	26.67%	24.91%	25.75%	27.88%	25.20%	17.28%	-8.79%	26.92%	30.05%	18.81%
Return on Invested Capital (ROIC)	157.96%	176.48%	188.54%	173.23%	162.47%	154.75%	156.23%	112.26%	136.91%	90.84%	108.88%
ROIC Less NNEP Spread (ROIC-NNEP)	157.42%	175.96%	188.02%	172.72%	161.89%	154.19%	155.87%	114.92%	136.30%	90.33%	108.56%
Return on Net Nonoperating Assets (RNNOA)	-193.01%	-216.25%	-222.51%	-208.75%	-193.27%	-189.87%	-194.84%	-149.39%	-168.04%	-115.00%	-143.17%
Return on Equity (ROE)	-35.05%	-39.76%	-33.97%	-35.52%	-30.80%	-35.12%	-38.61%	-37.13%	-31.14%	-24.16%	-34.29%
Cash Return on Invested Capital (CROIC)	158.84%	137.37%	141.00%	123.75%	178.49%	134.28%	112.85%	85.28%	119.60%	95.19%	66.23%
Operating Return on Assets (OROA)	17.68%	19.30%	21.50%	23.05%	20.40%	23.05%	22.49%	14.04%	19.23%	16.59%	21.18%
Return on Assets (ROA)	11.45%	13.24%	15.12%	15.94%	13.55%	15.85%	17.73%	21.60%	12.78%	10.33%	16.38%
Return on Common Equity (ROCE)	-38.93%	-51.87%	-35.68%	-36.88%	-32.15%	-36.71%	-40.20%	-38.31%	-32.20%	-25.01%	-35.40%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-28.17%	-29.41%	-30.74%	0.00%	-30.25%	-30.98%	-35.20%	0.00%	-31.51%	-29.61%
Net Operating Profit after Tax (NOPAT)	343	376	436	424	376	407	472	395	388	287	444
NOPAT Margin	9.98%	11.24%	11.71%	12.03%	10.40%	11.84%	13.09%	11.13%	10.56%	8.58%	12.35%
Net Nonoperating Expense Percent (NNEP)	0.54%	0.52%	0.51%	0.51%	0.58%	0.57%	0.36%	-2.66%	0.60%	0.50%	0.32%
Return On Investment Capital (ROIC_SIMPLE)	17.43%	-	-	-	18.43%	-	-	-	10.97%	8.57%	17.91%
Cost of Revenue to Revenue	72.08%	70.23%	70.89%	70.31%	70.50%	70.09%	70.04%	69.62%	70.83%	70.12%	69.71%
SG&A Expenses to Revenue	13.03%	13.60%	12.88%	12.83%	13.76%	13.44%	12.47%	12.82%	13.47%	13.85%	13.88%
R&D to Revenue	1.11%	1.05%	0.97%	1.02%	1.02%	1.05%	1.08%	1.13%	1.01%	1.10%	1.06%
Operating Expenses to Revenue	13.64%	14.44%	13.52%	13.48%	15.08%	14.08%	14.14%	20.15%	14.72%	17.61%	15.08%
Earnings before Interest and Taxes (EBIT)	491	513	579	571	518	544	571	362	531	411	547
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	537	560	631	617	566	588	612	410	579	453	591
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.31	2.51	2.60	2.32	2.54	2.82	2.73	2.93	2.59	2.89	2.76
Price to Earnings (P/E)	25.23	26.85	27.15	23.58	25.63	28.22	26.42	25.53	22.49	26.66	25.83
Dividend Yield	1.46%	1.41%	1.39%	1.59%	1.49%	1.38%	1.47%	1.40%	1.63%	1.51%	1.61%
Earnings Yield	3.96%	3.72%	3.68%	4.24%	3.90%	3.54%	3.79%	3.92%	4.45%	3.75%	3.87%
Enterprise Value to Invested Capital (EV/IC)	40.87	39.77	41.15	33.15	46.31	39.37	33.26	29.10	33.29	31.76	24.94
Enterprise Value to Revenue (EV/Rev)	2.73	2.94	3.03	2.74	2.95	3.25	3.18	3.39	3.02	3.35	3.27
Enterprise Value to EBITDA (EV/EBITDA)	16.83	18.14	18.20	16.41	17.64	19.36	18.95	22.15	19.71	23.15	22.78
Enterprise Value to EBIT (EV/EBIT)	18.41	19.84	19.86	17.87	19.20	21.02	20.49	24.16	21.48	25.36	25.02
Enterprise Value to NOPAT (EV/NOPAT)	25.37	27.23	27.39	24.38	25.97	28.30	26.88	28.41	25.26	29.89	29.61
Enterprise Value to Operating Cash Flow (EV/OCF)	23.97	30.02	29.38	25.76	25.73	30.59	32.68	32.78	27.60	30.05	31.10
Enterprise Value to Free Cash Flow (EV/FCFF)	27.24	33.60	34.58	31.92	25.79	31.65	33.67	40.12	32.79	37.30	43.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.45	-1.46	-1.48	-1.61	-1.46	-1.43	-1.47	-1.52	-1.76	-1.68	-1.49
Long-Term Debt to Equity	-1.31	-1.32	-1.32	-1.48	-1.45	-1.42	-1.13	-1.17	-1.47	-1.39	-1.36
Financial Leverage	-1.23	-1.23	-1.18	-1.21	-1.19	-1.23	-1.25	-1.30	-1.23	-1.27	-1.32
Leverage Ratio	-2.89	-2.86	-2.14	-2.11	-2.12	-2.08	-2.10	-2.20	-2.27	-2.14	-2.02
Compound Leverage Factor	-2.68	-2.67	-2.00	-1.97	-1.96	-1.91	-2.00	-3.11	-2.06	-1.90	-1.92
Debt to Total Capital	321.67%	318.36%	306.66%	264.82%	316.71%	333.22%	312.26%	292.51%	231.48%	246.15%	304.48%
Short-Term Debt to Total Capital	31.84%	30.41%	33.33%	20.92%	1.47%	1.69%	72.00%	67.14%	37.57%	43.43%	26.52%
Long-Term Debt to Total Capital	289.83%	287.95%	273.32%	243.90%	315.24%	331.53%	240.26%	225.37%	193.91%	202.72%	277.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	9.79%	10.31%	10.14%	6.36%	9.37%	10.07%	7.13%	4.87%	3.34%	4.01%	6.40%
Common Equity to Total Capital	-231.46%	-228.67%	-216.80%	-171.18%	-226.08%	-243.29%	-219.39%	-197.38%	-134.82%	-150.16%	-210.88%
Debt to EBITDA	3.05	3.06	2.98	3.16	2.91	2.86	3.01	3.34	3.80	4.09	3.81
Net Debt to EBITDA	2.51	2.56	2.45	2.46	2.37	2.50	2.62	2.96	2.75	3.16	3.47
Long-Term Debt to EBITDA	2.74	2.77	2.65	2.91	2.89	2.85	2.32	2.57	3.19	3.37	3.48
Debt to NOPAT	4.59	4.60	4.48	4.69	4.28	4.19	4.27	4.28	4.87	5.29	4.96
Net Debt to NOPAT	3.78	3.84	3.69	3.65	3.49	3.65	3.71	3.79	3.53	4.08	4.52
Long-Term Debt to NOPAT	4.14	4.16	4.00	4.32	4.26	4.17	3.29	3.30	4.08	4.35	4.52
Altman Z-Score	2.37	2.51	2.60	2.54	2.74	3.02	2.79	2.82	2.67	2.75	2.83
Noncontrolling Interest Sharing Ratio	-11.07%	-30.44%	-5.03%	-3.83%	-4.37%	-4.52%	-4.11%	-3.18%	-3.43%	-3.52%	-3.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.90	0.90	0.90	1.00	0.99	0.97	0.79	0.80	0.99	0.94	0.88
Quick Ratio	0.66	0.66	0.66	0.75	0.74	0.72	0.58	0.55	0.74	0.70	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	242	97	118	51	387	233	133	-100	-3.92	-29	-55
Operating Cash Flow to CapEx	1,364.71%	1,112.00%	1,205.41%	900.00%	1,421.43%	551.61%	1,283.33%	1,231.25%	1,769.23%	558.82%	597.22%
Free Cash Flow to Firm to Interest Expense	0.00	2.95	0.00	0.00	0.00	5.29	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	8.42	0.00	0.00	0.00	3.89	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	7.67	0.00	0.00	0.00	3.18	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.24	1.26	1.38	1.42	1.43	1.46	1.42	1.38	1.33	1.35	1.39
Accounts Receivable Turnover	4.15	4.11	4.14	4.28	4.12	4.08	3.99	4.02	4.09	3.92	3.88
Inventory Turnover	15.76	15.31	15.92	16.21	16.30	16.32	16.00	15.94	17.12	16.87	16.45
Fixed Asset Turnover	18.33	18.45	19.25	20.04	19.65	19.97	19.93	19.88	19.97	19.95	19.68
Accounts Payable Turnover	5.97	6.42	5.86	6.26	5.57	6.38	5.76	5.80	5.33	6.10	5.75
Days Sales Outstanding (DSO)	87.87	88.80	88.11	85.32	88.56	89.57	91.41	90.68	89.14	93.01	94.06
Days Inventory Outstanding (DIO)	23.16	23.84	22.93	22.52	22.39	22.37	22.81	22.90	21.33	21.64	22.19
Days Payable Outstanding (DPO)	61.17	56.82	62.32	58.29	65.50	57.17	63.40	62.97	68.54	59.81	63.51
Cash Conversion Cycle (CCC)	49.86	55.83	48.71	49.54	45.45	54.77	50.82	50.62	41.93	54.84	52.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	915	1,007	1,019	1,161	904	1,181	1,358	1,656	1,296	1,497	1,857
Invested Capital Turnover	15.83	15.70	16.10	14.40	15.62	13.07	11.93	10.09	12.96	10.59	8.81
Increase / (Decrease) in Invested Capital	101	279	318	373	-11	174	339	495	392	316	499
Enterprise Value (EV)	37,398	40,045	41,929	38,490	41,868	46,500	45,161	48,191	43,138	47,546	46,305
Market Capitalization	31,613	34,181	36,058	32,541	36,040	40,295	38,757	41,634	36,994	40,921	39,081
Book Value per Share	($11.69)	($11.71)	($11.74)	($11.63)	($12.03)	($12.40)	($12.48)	($12.24)	($12.14)	($12.93)	($13.60)
Tangible Book Value per Share	($16.34)	($16.36)	($16.42)	($16.20)	($16.73)	($17.13)	($17.14)	($17.13)	($16.79)	($17.76)	($18.83)
Total Capital	2,104	2,124	2,238	2,797	2,178	2,065	2,300	2,483	3,596	3,415	2,545
Total Debt	6,768	6,762	6,863	7,407	6,898	6,881	7,182	7,263	8,324	8,406	7,749
Total Long-Term Debt	6,098	6,116	6,117	6,822	6,866	6,846	5,526	5,596	6,973	6,923	7,074
Net Debt	5,579	5,645	5,644	5,771	5,624	5,997	6,240	6,436	6,024	6,488	7,061
Capital Expenditures (CapEx)	34	25	37	34	42	31	24	32	39	34	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,219	-1,141	-1,214	-1,051	-1,321	-1,029	-943	-762	-1,028	-892	-872
Debt-free Net Working Capital (DFNWC)	-30	-24	5.00	585	-47	-145	-1.00	65	1,272	1,026	-184
Net Working Capital (NWC)	-700	-670	-741	0.00	-79	-180	-1,657	-1,602	-79	-457	-859
Net Nonoperating Expense (NNE)	25	24	29	29	32	33	22	-162	35	31	21
Net Nonoperating Obligations (NNO)	5,579	5,645	5,644	5,771	5,624	5,997	6,240	6,436	6,024	6,488	7,061
Total Depreciation and Amortization (D&A)	46	47	52	46	48	44	41	48	48	42	44
Debt-free, Cash-free Net Working Capital to Revenue	-8.91%	-8.38%	-8.77%	-7.49%	-9.30%	-7.20%	-6.65%	-5.36%	-7.21%	-6.29%	-6.15%
Debt-free Net Working Capital to Revenue	-0.22%	-0.18%	0.04%	4.17%	-0.33%	-1.01%	-0.01%	0.46%	8.92%	7.24%	-1.30%
Net Working Capital to Revenue	-5.12%	-4.92%	-5.35%	0.00%	-0.56%	-1.26%	-11.68%	-11.28%	-0.55%	-3.22%	-6.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$0.80	$0.91	$0.92	$0.79	$0.87	$1.03	$1.35	$0.85	$0.61	$1.00
Adjusted Weighted Average Basic Shares Outstanding	420M	414.30M	412.70M	410.80M	411.40M	405.20M	402.90M	400.20M	401.70M	396.60M	393.70M
Adjusted Diluted Earnings per Share	$0.70	$0.79	$0.90	$0.91	$0.79	$0.86	$1.02	$1.34	$0.85	$0.61	$0.99
Adjusted Weighted Average Diluted Shares Outstanding	423M	417.80M	416M	413.70M	414.60M	408.10M	405.50M	402.70M	404.40M	399.10M	395.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	414.87M	413.29M	411.74M	409.26M	405.45M	404.32M	400.55M	399.46M	396.52M	394.68M	392.48M
Normalized Net Operating Profit after Tax (NOPAT)	343	376	436	424	376	407	472	254	388	287	444
Normalized NOPAT Margin	9.98%	11.24%	11.71%	12.03%	10.40%	11.84%	13.09%	7.16%	10.56%	8.58%	12.35%
Pre Tax Income Margin	13.23%	14.35%	14.57%	15.10%	13.18%	14.55%	15.11%	14.43%	13.14%	10.93%	14.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	15.55	0.00	0.00	0.00	12.36	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	11.40	0.00	0.00	0.00	9.25	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	14.79	0.00	0.00	0.00	11.66	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	10.64	0.00	0.00	0.00	8.54	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.59%	42.18%	41.63%	41.24%	41.66%	42.24%	41.84%	39.36%	40.37%	43.94%	45.19%
Augmented Payout Ratio	104.67%	102.49%	97.69%	90.49%	95.06%	103.09%	109.02%	98.78%	98.44%	103.34%	106.10%

Key Financial Trends

Otis Worldwide Corp (NYSE: OTIS) has shown a generally positive financial performance over the past four years, with steady revenue growth, strong net income, and solid operational cash flow. Here are key takeaways from the analysis of the company's quarterly financials from Q3 2022 through Q2 2025:

Revenue Growth: Otis's quarterly operating revenue has shown an upward trend, rising from approximately $3.34 billion in Q3 2022 to $3.60 billion in Q2 2025, indicating consistent demand and market expansion.
Net Income Improvement: Net income attributable to common shareholders steadily increased from $324 million in Q3 2022 to $393 million in Q2 2025. The basic and diluted earnings per share rose from around $0.77 to near $1.00, reflecting improved profitability and efficient share management.
Strong Operating Cash Flow: Net cash from continuing operating activities grew, reaching $215 million in Q2 2025 compared to lower levels in earlier years. This supports the company’s ability to generate cash from its core operations.
Effective Dividend Policy: Otis consistently increased quarterly dividends per share from $0.29 in early 2023 to $0.42 by Q2 2025, indicating a commitment to shareholder returns supported by earnings growth.
Capital Expenditures Managed: Capital expenditures remained moderate in relation to cash flow, with purchases of property, plant, and equipment ranging between $24 million to $44 million per quarter, suggesting balanced investments in assets.
High Debt Levels: Long-term debt remains substantial at over $7 billion in recent quarters, which may pressure cash flows due to interest payments, although the company also actively repays and issues debt.
Negative Total Common Equity: Otis has reported negative total common equity over this period (around -$5 billion in 2025), largely due to treasury stock and accumulated other comprehensive losses, which may warrant investor attention regarding balance sheet strength.
Volatility in Other Operating Expenses: Other operating expenses have shown some fluctuations, for example reaching $220 million in Q3 2024 and being low or negative in other quarters, indicating variability in non-core activities.
Significant Cash Outflows from Financing Activities: Large repayments of debt and common equity repurchases resulted in significant outflows, with net cash used in financing activities hitting over -$1.29 billion in Q2 2025, which could impact liquidity if not complemented by operating inflows.
Declining Cash & Equivalents: Cash on hand has declined from $1.63 billion in Q3 2023 to $688 million in Q2 2025, which may constrain financial flexibility if trends continue without improvement in cash generation.

Summary: Otis Worldwide demonstrates solid growth in revenues and profitability, supported by steady operating cash flow and increasing dividends. However, the company’s heavy debt load and negative common equity suggest cautious monitoring. Cash flow management and balancing financing activities will be critical to sustaining its financial health. Overall, Otis appears well-positioned operationally but investors should be aware of leverage-related risks in its capital structure.

08/14/25 07:45 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Otis Worldwide's Financials

When does Otis Worldwide's fiscal year end?

According to the most recent income statement we have on file, Otis Worldwide's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Otis Worldwide's net income changed over the last 6 years?

Otis Worldwide's net income appears to be on an upward trend, with a most recent value of $1.73 billion in 2024, rising from $1.21 billion in 2018. The previous period was $1.50 billion in 2023. See Otis Worldwide's forecast for analyst expectations on what’s next for the company.

What is Otis Worldwide's operating income?

Otis Worldwide's total operating income in 2024 was $2.01 billion, based on the following breakdown:

Total Gross Profit: $4.26 billion
Total Operating Expenses: $2.25 billion

How has Otis Worldwide's revenue changed over the last 6 years?

Over the last 6 years, Otis Worldwide's total revenue changed from $12.92 billion in 2018 to $14.26 billion in 2024, a change of 10.4%.

How much debt does Otis Worldwide have?

Otis Worldwide's total liabilities were at $16.04 billion at the end of 2024, a 8.1% increase from 2023, and a 118.0% increase since 2019.

How much cash does Otis Worldwide have?

In the past 5 years, Otis Worldwide's cash and equivalents has ranged from $1.19 billion in 2022 to $2.30 billion in 2024, and is currently $2.30 billion as of their latest financial filing in 2024.

How has Otis Worldwide's book value per share changed over the last 6 years?

Over the last 6 years, Otis Worldwide's book value per share changed from 0.00 in 2018 to -12.14 in 2024, a change of -1,213.6%.

Related Companies

This page (NYSE:OTIS) was last updated on 8/14/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Otis Worldwide (OTIS) Financials

Key Financial Trends

Frequently Asked Questions About Otis Worldwide's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Otis Worldwide (OTIS) Financials

Annual Income Statements for Otis Worldwide

Quarterly Income Statements for Otis Worldwide

Annual Cash Flow Statements for Otis Worldwide

Quarterly Cash Flow Statements for Otis Worldwide

Annual Balance Sheets for Otis Worldwide

Quarterly Balance Sheets for Otis Worldwide

Annual Metrics And Ratios for Otis Worldwide

Quarterly Metrics And Ratios for Otis Worldwide

Key Financial Trends

Frequently Asked Questions About Otis Worldwide's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools