Otis Worldwide (OTIS) Financials

$74.38 +0.38 (+0.51%)

As of 03:06 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	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1,049	1,116	906	1,246	1,253	1,406	1,645	1,384
Consolidated Net Income / (Loss)	1,210	1,267	1,056	1,420	1,369	1,498	1,734	1,455
Net Income / (Loss) Continuing Operations	1,210	1,267	1,056	1,420	1,369	1,498	1,734	1,455
Total Pre-Tax Income	1,893	1,861	1,511	1,961	1,888	2,031	2,039	1,934
Total Operating Income	1,835	1,814	1,639	2,108	2,033	2,186	2,008	2,133
Total Gross Profit	3,726	3,826	3,779	4,193	3,920	4,193	4,257	4,370
Total Revenue	12,915	13,118	12,756	14,298	13,685	14,209	14,261	14,431
Operating Revenue	12,915	13,118	12,756	14,298	13,685	14,209	14,261	14,431
Total Cost of Revenue	9,189	9,292	8,977	10,105	9,765	10,016	10,004	10,061
Operating Cost of Revenue	9,189	9,292	8,977	10,105	9,765	10,016	10,004	10,061
Total Operating Expenses	1,891	2,012	2,140	2,085	1,887	2,007	2,249	2,237
Selling, General & Admin Expense	1,735	1,810	1,924	1,948	1,763	1,884	1,861	1,979
Research & Development Expense	181	163	152	159	150	144	152	152
Other Operating Expenses / (Income)	-25	39	64	-22	-26	-21	236	106
Total Other Income / (Expense), net	58	47	-128	-147	-145	-155	31	-199
Interest & Investment Income	-	-	-	-	-143	-150	31	-196
Other Income / (Expense), net	44	33	-6.00	-11	-2.00	-5.00	0.00	-3.00
Income Tax Expense	683	594	455	541	519	533	305	479
Net Income / (Loss) Attributable to Noncontrolling Interest	161	151	150	174	116	92	89	71
Basic Earnings per Share	$2.42	$2.55	$2.09	$2.91	$2.98	$3.42	$4.10	$3.52
Weighted Average Basic Shares Outstanding	433.10M	433.10M	433.20M	427.70M	420M	411.40M	401.70M	392.80M
Diluted Earnings per Share	$2.42	$2.55	$2.08	$2.89	$2.96	$3.39	$4.07	$3.50
Weighted Average Diluted Shares Outstanding	433.10M	433.10M	434.60M	431.40M	423M	414.60M	404.40M	394.90M
Weighted Average Basic & Diluted Shares Outstanding	-	-	433.67M	424.96M	414.87M	405.45M	396.52M	388.72M
Cash Dividends to Common per Share	$0.00	$0.00	$0.60	$0.92	$1.11	$1.31	$1.51	$1.65

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	376	323	353	415	540	337	243	393	374	374	340
Consolidated Net Income / (Loss)	395	344	374	450	557	353	256	423	392	384	353
Net Income / (Loss) Continuing Operations	395	344	374	450	557	353	256	423	392	384	353
Total Pre-Tax Income	532	477	500	544	512	483	366	521	521	526	480
Total Operating Income	571	522	544	570	363	531	411	547	586	589	539
Total Gross Profit	1,046	1,068	1,028	1,079	1,078	1,072	1,001	1,089	1,133	1,147	1,082
Total Revenue	3,523	3,620	3,437	3,601	3,548	3,675	3,350	3,595	3,690	3,796	3,566
Operating Revenue	3,523	3,620	3,437	3,601	3,548	3,675	3,350	3,595	3,690	3,796	3,566
Total Cost of Revenue	2,477	2,552	2,409	2,522	2,470	2,603	2,349	2,506	2,557	2,649	2,484
Operating Cost of Revenue	2,477	2,552	2,409	2,522	2,470	2,603	2,349	2,506	2,557	2,649	2,484
Total Operating Expenses	475	546	484	509	715	541	590	542	547	558	543
Selling, General & Admin Expense	452	498	462	449	455	495	464	499	504	512	510
Research & Development Expense	36	37	36	39	40	37	37	38	36	41	38
Other Operating Expenses / (Income)	-13	11	-14	21	220	9.00	89	5.00	7.00	5.00	-5.00
Total Other Income / (Expense), net	-39	-45	-44	-26	149	-48	-45	-26	-65	-63	-59
Interest & Investment Income	-39	-	-44	-27	150	-	-45	-26	-61	-64	-59
Other Income / (Expense), net	0.00	-4.00	0.00	1.00	-1.00	-	0.00	0.00	-4.00	1.00	0.00
Income Tax Expense	137	133	126	94	-45	130	110	98	129	142	127
Net Income / (Loss) Attributable to Noncontrolling Interest	19	21	21	35	17	16	13	30	18	10	13
Basic Earnings per Share	$0.92	$0.79	$0.87	$1.03	$1.35	$0.85	$0.61	$1.00	$0.96	$0.95	$0.88
Weighted Average Basic Shares Outstanding	410.80M	411.40M	405.20M	402.90M	400.20M	401.70M	396.60M	393.70M	391M	392.80M	388.10M
Diluted Earnings per Share	$0.91	$0.79	$0.86	$1.02	$1.34	$0.85	$0.61	$0.99	$0.95	$0.95	$0.87
Weighted Average Diluted Shares Outstanding	413.70M	414.60M	408.10M	405.50M	402.70M	404.40M	399.10M	395.80M	392.80M	394.90M	389.60M
Weighted Average Basic & Diluted Shares Outstanding	409.26M	405.45M	404.32M	400.55M	399.46M	396.52M	394.68M	392.48M	389.72M	388.72M	383.72M
Cash Dividends to Common per Share	$0.34	-	$0.34	$0.39	-	-	$0.39	$0.42	-	-	$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	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-148	113	342	1,676	-2,282	85	1,041	-1,216
Net Cash From Operating Activities	1,550	1,469	1,480	1,750	1,560	1,627	1,563	1,596
Net Cash From Continuing Operating Activities	1,550	1,469	1,480	1,750	1,560	1,627	1,563	1,596
Net Income / (Loss) Continuing Operations	1,210	1,267	1,056	1,420	1,369	1,498	1,734	1,455
Consolidated Net Income / (Loss)	1,210	1,267	1,056	1,420	1,369	1,498	1,734	1,455
Depreciation Expense	190	180	191	203	191	193	181	175
Non-Cash Adjustments To Reconcile Net Income	74	94	271	96	146	76	24	54
Changes in Operating Assets and Liabilities, net	76	-72	-38	31	-146	-140	-376	-88
Net Cash From Investing Activities	-201	-203	-353	-89	-33	-183	-164	-406
Net Cash From Continuing Investing Activities	-201	-203	-353	-89	-33	-183	-164	-406
Purchase of Property, Plant & Equipment	-172	-145	-183	-156	-115	-138	-126	-152
Acquisitions	-50	-47	-53	-80	-46	-36	-87	-109
Purchase of Investments	-	-5.00	-69	73	65	-28	49	-204
Sale of Property, Plant & Equipment	-	-	-	-	-	7.00	6.00	60
Sale and/or Maturity of Investments	3.00	0.00	-51	40	-7.00	4.00	-9.00	0.00
Other Investing Activities, net	18	-6.00	3.00	34	9.00	8.00	3.00	-1.00
Net Cash From Financing Activities	-1,497	-1,133	-844	58	-3,652	-1,350	-309	-2,421
Net Cash From Continuing Financing Activities	-1,497	-1,133	-844	58	-3,652	-1,350	-309	-2,421
Repayment of Debt	-23	-4.00	-1,052	-547	-530	-560	-35	-1,321
Repurchase of Common Equity	-	0.00	0.00	-725	-850	-800	-1,007	-809
Payment of Dividends	-173	-163	-409	-548	-583	-624	-700	-716
Issuance of Debt	11	6.00	6,947	1,878	113	634	1,508	642
Other Financing Activities, net	-1,312	-972	-6,330	0.00	-1,802	0.00	-75	-217
Effect of Exchange Rate Changes	-	-20	59	-43	-157	-9.00	-49	15
Cash Interest Paid	20	18	81	129	134	132	172	230

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	414	-361	-393	64	-119	1,489	-392	-1,226	150	252	-261
Net Cash From Operating Activities	306	597	171	308	394	690	190	215	374	817	413
Net Cash From Continuing Operating Activities	306	585	171	308	394	690	190	215	374	817	413
Net Income / (Loss) Continuing Operations	395	344	374	450	557	353	256	423	392	384	353
Consolidated Net Income / (Loss)	395	344	374	450	557	353	256	423	392	384	353
Depreciation Expense	46	48	44	41	48	48	42	44	44	45	41
Non-Cash Adjustments To Reconcile Net Income	-1.00	-22	10	-1.00	-20	35	43	-32	28	15	37
Changes in Operating Assets and Liabilities, net	-134	215	-257	-182	-191	254	-151	-220	-90	373	-18
Net Cash From Investing Activities	-41	-51	-79	-18	-113	46	-161	-159	-56	-30	15
Net Cash From Continuing Investing Activities	-41	-51	-79	-18	-113	46	-161	-159	-56	-30	15
Purchase of Property, Plant & Equipment	-34	-42	-31	-24	-32	-39	-34	-36	-37	-45	-33
Acquisitions	-7.00	-9.00	-30	-10	-30	-17	-36	-46	-10	-17	-3.00
Purchase of Investments	-8.00	-7.00	-21	17	-43	96	-93	-107	-11	7.00	49
Other Investing Activities, net	10	1.00	3.00	-1.00	1.00	6.00	2.00	-4.00	1.00	-	2.00
Net Cash From Financing Activities	167	-932	-467	-212	-423	793	-428	-1,294	-168	-531	-694
Net Cash From Continuing Financing Activities	167	-932	-467	-212	-423	793	-428	-1,294	-168	-531	-694
Repayment of Debt	-8.00	-536	-19	-2.00	-	-14	-7.00	-1,303	-6.00	-5.00	-147
Repurchase of Common Equity	-225	-225	-300	-300	-200	-207	-253	-308	-248	-	-400
Payment of Dividends	-200	-148	-147	-159	-225	-169	-157	-167	-221	-171	-166
Issuance of Debt	600	-23	3.00	320	2.00	1,183	-11	484	307	-138	29
Other Financing Activities, net	-	-	-4.00	-71	-	-	0.00	-	-	-217	-10
Effect of Exchange Rate Changes	-18	-	-18	-14	23	-40	7.00	12	-	-4.00	5.00

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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	9,687	10,710	12,279	9,819	10,117	11,316	10,653
Total Current Assets	5,658	6,493	8,261	6,143	6,400	7,670	6,501
Cash & Equivalents	1,446	1,782	1,565	1,189	1,274	2,300	1,096
Accounts Receivable	2,861	3,148	3,232	3,357	3,538	3,428	3,688
Inventories, net	571	659	622	617	612	557	613
Other Current Assets	780	887	932	980	976	1,385	1,104
Plant, Property, & Equipment, net	721	774	774	719	727	701	743
Total Noncurrent Assets	3,308	3,443	3,244	2,957	2,990	2,945	3,409
Goodwill	1,647	1,773	1,667	1,567	1,588	1,548	1,695
Intangible Assets	490	484	419	369	335	311	343
Noncurrent Deferred & Refundable Income Taxes	373	334	335	285	323	302	407
Other Noncurrent Operating Assets	798	852	823	736	744	784	964
Total Liabilities & Shareholders' Equity	9,687	10,710	12,279	9,819	10,117	11,316	10,653
Total Liabilities	7,361	13,911	15,263	14,483	14,837	16,044	15,924
Total Current Liabilities	5,374	6,673	6,247	6,843	6,479	7,749	7,656
Short-Term Debt	34	701	24	670	32	1,351	1,056
Accounts Payable	1,331	1,453	1,556	1,717	1,878	1,879	2,142
Accrued Expenses	1,739	1,977	1,993	1,794	1,873	1,921	1,847
Other Current Liabilities	2,270	2,542	2,674	2,662	2,696	2,598	2,611
Total Noncurrent Liabilities	1,987	7,238	9,016	7,640	8,358	8,295	8,268
Long-Term Debt	5.00	5,262	7,249	6,098	6,866	6,973	6,900
Noncurrent Deferred & Payable Income Tax Liabilities	695	321	267	279	245	207	223
Noncurrent Employee Benefit Liabilities	590	654	558	392	462	434	419
Other Noncurrent Operating Liabilities	697	1,001	942	871	785	681	726
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	95	194	160	135	135	57	75
Total Equity & Noncontrolling Interests	2,231	-3,395	-3,144	-4,799	-4,855	-4,785	-5,346
Total Preferred & Common Equity	1,700	-3,862	-3,625	-4,870	-4,924	-4,848	-5,392
Total Common Equity	1,700	-3,862	-3,625	-4,870	-4,924	-4,848	-5,392
Common Stock	0.00	59	119	162	213	265	333
Retained Earnings	0.00	-3,106	-2,256	-2,865	-2,005	-978	-440
Treasury Stock	-	0.00	-725	-1,575	-2,382	-3,390	-4,198
Accumulated Other Comprehensive Income / (Loss)	-758	-815	-763	-592	-750	-745	-1,087
Noncontrolling Interest	531	467	481	71	69	63	46

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	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	9/30/2025	3/31/2026
Total Assets	10,135	10,390	10,117	9,791	9,858	10,261	11,316	11,178	10,495	10,771	10,542
Total Current Assets	6,417	6,749	6,400	6,138	6,238	6,495	7,670	7,435	6,387	6,612	6,464
Cash & Equivalents	1,219	1,636	1,274	884	942	827	2,300	1,918	688	840	834
Accounts Receivable	3,497	3,455	3,538	3,654	3,606	3,604	3,428	3,570	3,696	3,752	3,920
Inventories, net	640	624	612	593	605	625	557	586	602	640	669
Other Current Assets	1,061	1,034	976	1,007	1,085	1,439	1,385	1,361	1,401	1,380	1,041
Plant, Property, & Equipment, net	715	708	727	713	708	721	701	708	732	742	744
Total Noncurrent Assets	3,003	2,933	2,990	2,940	2,912	3,045	2,945	3,035	3,376	3,417	3,334
Goodwill	1,579	1,547	1,588	1,575	1,553	1,630	1,548	1,588	1,707	1,699	1,682
Intangible Assets	355	336	335	343	330	330	311	326	357	348	333
Noncurrent Deferred & Refundable Income Taxes	284	290	323	303	302	315	302	305	392	411	400
Other Noncurrent Operating Assets	785	760	744	719	727	770	784	816	920	959	919
Total Liabilities & Shareholders' Equity	10,135	10,390	10,117	9,791	9,858	10,261	11,316	11,178	10,495	10,771	10,542
Total Liabilities	14,760	15,000	14,837	14,607	14,740	15,041	16,044	16,169	15,699	16,057	15,977
Total Current Liabilities	7,158	6,749	6,479	6,318	7,895	8,097	7,749	7,892	7,246	7,065	7,724
Short-Term Debt	746	585	32	35	1,656	1,667	1,351	1,483	675	492	939
Accounts Payable	1,744	1,655	1,878	1,641	1,716	1,779	1,879	1,618	1,739	1,758	1,975
Accrued Expenses	1,779	1,725	1,873	1,691	1,719	1,864	1,921	1,921	2,016	2,015	1,710
Other Current Liabilities	2,889	2,784	2,696	2,951	2,804	2,787	2,598	2,870	2,816	2,800	3,100
Total Noncurrent Liabilities	7,602	8,251	8,358	8,289	6,845	6,944	8,295	8,277	8,453	8,992	8,253
Long-Term Debt	6,117	6,822	6,866	6,846	5,526	5,596	6,973	6,923	7,074	7,592	6,879
Noncurrent Deferred & Payable Income Tax Liabilities	278	258	245	255	206	215	207	217	211	210	225
Noncurrent Employee Benefit Liabilities	398	390	462	452	445	462	434	432	454	458	416
Other Noncurrent Operating Liabilities	809	781	785	736	668	671	681	705	714	732	733
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	126	123	135	124	52	55	57	62	66	67	74
Total Equity & Noncontrolling Interests	-4,751	-4,733	-4,855	-4,940	-4,934	-4,835	-4,785	-5,053	-5,270	-5,353	-5,509
Total Preferred & Common Equity	-4,852	-4,788	-4,924	-5,024	-5,046	-4,901	-4,848	-5,128	-5,367	-5,422	-5,680
Total Common Equity	-4,852	-4,788	-4,924	-5,024	-5,046	-4,901	-4,848	-5,128	-5,367	-5,422	-5,680
Common Stock	183	198	213	210	230	245	265	278	300	320	332
Retained Earnings	-2,419	-2,183	-2,005	-1,794	-1,538	-1,153	-978	-889	-663	-453	-378
Treasury Stock	-1,927	-2,155	-2,382	-2,684	-2,987	-3,189	-3,390	-3,646	-3,948	-4,198	-4,601
Accumulated Other Comprehensive Income / (Loss)	-689	-648	-750	-756	-751	-804	-745	-871	-1,056	-1,091	-1,033
Noncontrolling Interest	101	55	69	84	112	66	63	75	97	69	171

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

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	1.57%	-2.76%	12.09%	-4.29%	3.83%	0.37%	1.19%
EBITDA Growth	0.00%	-2.03%	-10.01%	26.10%	-3.39%	6.84%	-7.79%	5.30%
EBIT Growth	0.00%	-1.70%	-11.59%	28.41%	-3.15%	7.39%	-7.93%	6.08%
NOPAT Growth	0.00%	5.29%	-7.25%	33.26%	-3.43%	9.37%	5.91%	-6.03%
Net Income Growth	0.00%	4.71%	-16.65%	34.47%	-3.59%	9.42%	15.75%	-16.09%
EPS Growth	0.00%	5.37%	-18.43%	38.94%	2.42%	14.53%	20.06%	-14.00%
Operating Cash Flow Growth	0.00%	-5.23%	0.75%	18.24%	-10.86%	4.29%	-3.93%	2.11%
Free Cash Flow Firm Growth	0.00%	0.00%	248.56%	52.11%	-18.04%	18.22%	-18.95%	-0.30%
Invested Capital Growth	0.00%	0.00%	4.79%	-15.47%	12.41%	-1.20%	43.36%	22.61%
Revenue Q/Q Growth	0.00%	0.00%	1.11%	0.53%	-0.94%	1.29%	0.39%	0.85%
EBITDA Q/Q Growth	0.00%	0.00%	0.50%	2.54%	-0.22%	1.24%	0.60%	2.49%
EBIT Q/Q Growth	0.00%	0.00%	0.18%	2.79%	0.00%	1.25%	0.65%	2.85%
NOPAT Q/Q Growth	0.00%	0.00%	5.39%	2.34%	-0.08%	2.11%	0.68%	2.70%
Net Income Q/Q Growth	0.00%	0.00%	2.42%	2.23%	0.59%	1.77%	0.52%	2.18%
EPS Q/Q Growth	0.00%	0.00%	4.52%	2.85%	1.72%	2.73%	1.50%	2.94%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-8.92%	-1.80%	13.62%	8.90%	6.33%	8.65%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-2.33%	-1.73%	34.61%	9.53%	4.06%
Invested Capital Q/Q Growth	0.00%	0.00%	3.10%	14.65%	16.12%	-22.14%	-21.74%	-18.85%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	28.85%	29.17%	29.63%	29.33%	28.64%	29.51%	29.85%	30.28%
EBITDA Margin	16.02%	15.45%	14.30%	16.09%	16.24%	16.71%	15.35%	15.97%
Operating Margin	14.21%	13.83%	12.85%	14.74%	14.86%	15.38%	14.08%	14.78%
EBIT Margin	14.55%	14.08%	12.80%	14.67%	14.84%	15.35%	14.08%	14.76%
Profit (Net Income) Margin	9.37%	9.66%	8.28%	9.93%	10.00%	10.54%	12.16%	10.08%
Tax Burden Percent	63.92%	68.08%	69.89%	72.41%	72.51%	73.76%	85.04%	75.23%
Interest Burden Percent	100.75%	100.76%	92.53%	93.51%	92.96%	93.12%	101.54%	90.80%
Effective Tax Rate	36.08%	31.92%	30.11%	27.59%	27.49%	26.24%	14.96%	24.77%
Return on Invested Capital (ROIC)	0.00%	268.77%	121.73%	171.80%	170.52%	177.28%	155.24%	111.25%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	264.22%	115.24%	169.13%	168.28%	175.23%	155.69%	108.92%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-159.83%	-363.10%	-217.72%	-206.32%	-209.20%	-191.95%	-140.35%
Return on Equity (ROE)	0.00%	108.94%	-241.37%	-45.92%	-35.80%	-31.93%	-36.71%	-29.10%
Cash Return on Invested Capital (CROIC)	0.00%	68.77%	117.05%	188.57%	158.84%	178.49%	119.60%	90.93%
Operating Return on Assets (OROA)	0.00%	19.07%	16.01%	18.24%	18.38%	21.88%	18.74%	19.39%
Return on Assets (ROA)	0.00%	13.08%	10.35%	12.35%	12.39%	15.03%	16.18%	13.25%
Return on Common Equity (ROCE)	0.00%	79.62%	-596.39%	-55.58%	-39.77%	-33.32%	-37.96%	-29.80%
Return on Equity Simple (ROE_SIMPLE)	0.00%	74.53%	-27.34%	-39.17%	-28.11%	-30.42%	-35.77%	0.00%
Net Operating Profit after Tax (NOPAT)	1,173	1,235	1,145	1,526	1,474	1,612	1,708	1,605
NOPAT Margin	9.08%	9.41%	8.98%	10.68%	10.77%	11.35%	11.97%	11.12%
Net Nonoperating Expense Percent (NNEP)	0.00%	4.55%	6.49%	2.67%	2.24%	2.04%	-0.45%	2.32%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	74.87%	78.92%	48.25%	61.48%
Cost of Revenue to Revenue	71.15%	70.83%	70.37%	70.67%	71.36%	70.49%	70.15%	69.72%
SG&A Expenses to Revenue	13.43%	13.80%	15.08%	13.62%	12.88%	13.26%	13.05%	13.71%
R&D to Revenue	1.40%	1.24%	1.19%	1.11%	1.10%	1.01%	1.07%	1.05%
Operating Expenses to Revenue	14.64%	15.34%	16.78%	14.58%	13.79%	14.12%	15.77%	15.50%
Earnings before Interest and Taxes (EBIT)	1,879	1,847	1,633	2,097	2,031	2,181	2,008	2,130
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,069	2,027	1,824	2,300	2,222	2,374	2,189	2,305
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	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
Price to Revenue (P/Rev)	0.00	0.00	2.17	2.48	2.31	2.54	2.59	2.36
Price to Earnings (P/E)	0.00	0.00	30.61	28.46	25.23	25.63	22.49	24.60
Dividend Yield	0.00%	0.00%	0.94%	1.10%	1.46%	1.49%	1.63%	1.89%
Earnings Yield	0.00%	0.00%	3.27%	3.51%	3.96%	3.90%	4.45%	4.07%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	33.81	49.02	40.87	46.31	33.29	25.82
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.55	2.79	2.73	2.95	3.02	2.84
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	17.85	17.35	16.83	17.64	19.71	17.80
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	19.94	19.03	18.41	19.20	21.48	19.26
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	28.43	26.14	25.37	25.97	25.26	25.56
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	22.00	22.80	23.97	25.73	27.60	25.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	29.56	23.82	27.24	25.79	32.79	31.27
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.02	-1.86	-2.44	-1.45	-1.46	-1.76	-1.51
Long-Term Debt to Equity	0.00	0.00	-1.64	-2.43	-1.31	-1.45	-1.47	-1.31
Financial Leverage	0.00	-0.60	-3.15	-1.29	-1.23	-1.19	-1.23	-1.29
Leverage Ratio	0.00	4.16	-23.31	-3.72	-2.89	-2.12	-2.27	-2.20
Compound Leverage Factor	0.00	4.20	-21.57	-3.48	-2.69	-1.98	-2.30	-1.99
Debt to Total Capital	0.00%	1.65%	215.89%	169.57%	321.67%	316.71%	231.48%	296.31%
Short-Term Debt to Total Capital	0.00%	1.44%	25.38%	0.56%	31.84%	1.47%	37.57%	39.33%
Long-Term Debt to Total Capital	0.00%	0.21%	190.51%	169.01%	289.83%	315.24%	193.91%	256.98%
Preferred Equity to Total Capital	0.00%	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%	4.51%
Common Equity to Total Capital	0.00%	71.88%	-139.83%	-84.52%	-231.46%	-226.08%	-134.82%	-200.82%
Debt to EBITDA	0.00	0.02	3.27	3.16	3.05	2.91	3.80	3.45
Net Debt to EBITDA	0.00	-0.69	2.28	1.65	2.51	2.37	2.75	2.98
Long-Term Debt to EBITDA	0.00	0.00	2.88	3.15	2.74	2.89	3.19	2.99
Debt to NOPAT	0.00	0.03	5.21	4.76	4.59	4.28	4.87	4.96
Net Debt to NOPAT	0.00	-1.14	3.64	2.49	3.78	3.49	3.53	4.27
Long-Term Debt to NOPAT	0.00	0.00	4.59	4.75	4.14	4.26	4.08	4.30
Altman Z-Score	0.00	0.00	2.46	3.06	2.89	3.29	3.10	3.11
Noncontrolling Interest Sharing Ratio	0.00%	26.91%	-147.09%	-21.05%	-11.07%	-4.37%	-3.43%	-2.41%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.05	0.97	1.32	0.90	0.99	0.99	0.85
Quick Ratio	0.00	0.80	0.74	0.77	0.66	0.74	0.74	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	316	1,101	1,675	1,373	1,623	1,316	1,312
Operating Cash Flow to CapEx	901.16%	1,013.10%	808.74%	1,121.79%	1,356.52%	1,178.99%	1,240.48%	1,734.78%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	9.03	12.32	0.00	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	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	10.63	11.72	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.35	1.25	1.24	1.24	1.43	1.33	1.31
Accounts Receivable Turnover	0.00	4.59	4.25	4.48	4.15	4.12	4.09	4.06
Inventory Turnover	0.00	16.27	14.60	15.78	15.76	16.30	17.12	17.20
Fixed Asset Turnover	0.00	18.19	17.06	18.47	18.33	19.65	19.97	19.99
Accounts Payable Turnover	0.00	6.98	6.45	6.72	5.97	5.57	5.33	5.00
Days Sales Outstanding (DSO)	0.00	79.61	85.97	81.43	87.87	88.56	89.14	89.99
Days Inventory Outstanding (DIO)	0.00	22.43	25.01	23.14	23.16	22.39	21.33	21.22
Days Payable Outstanding (DPO)	0.00	52.28	56.60	54.34	61.17	65.50	68.54	72.94
Cash Conversion Cycle (CCC)	0.00	49.75	54.38	50.23	49.86	45.45	41.93	38.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	919	963	814	915	904	1,296	1,589
Invested Capital Turnover	0.00	28.55	13.56	16.09	15.83	15.62	12.96	10.00
Increase / (Decrease) in Invested Capital	0.00	919	44	-149	101	-11	392	293
Enterprise Value (EV)	0.00	0.00	32,561	39,905	37,398	41,868	43,138	41,023
Market Capitalization	0.00	0.00	27,736	35,466	31,613	36,040	36,994	34,042
Book Value per Share	$0.00	$3.93	($8.92)	($8.53)	($11.69)	($12.03)	($12.14)	($13.84)
Tangible Book Value per Share	$0.00	($1.01)	($14.13)	($13.45)	($16.34)	($16.73)	($16.79)	($19.07)
Total Capital	0.00	2,365	2,762	4,289	2,104	2,178	3,596	2,685
Total Debt	0.00	39	5,963	7,273	6,768	6,898	8,324	7,956
Total Long-Term Debt	0.00	5.00	5,262	7,249	6,098	6,866	6,973	6,900
Net Debt	0.00	-1,407	4,164	3,798	5,579	5,624	6,024	6,860
Capital Expenditures (CapEx)	172	145	183	156	115	138	126	92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-1,128	-1,278	-1,437	-1,219	-1,321	-1,028	-1,195
Debt-free Net Working Capital (DFNWC)	0.00	318	521	2,038	-30	-47	1,272	-99
Net Working Capital (NWC)	0.00	284	-180	2,014	-700	-79	-79	-1,155
Net Nonoperating Expense (NNE)	-37	-32	89	106	105	114	-26	150
Net Nonoperating Obligations (NNO)	0.00	-1,407	4,164	3,798	5,579	5,624	6,024	6,860
Total Depreciation and Amortization (D&A)	190	180	191	203	191	193	181	175
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-8.60%	-10.02%	-10.05%	-8.91%	-9.30%	-7.21%	-8.28%
Debt-free Net Working Capital to Revenue	0.00%	2.42%	4.08%	14.25%	-0.22%	-0.33%	8.92%	-0.69%
Net Working Capital to Revenue	0.00%	2.17%	-1.41%	14.09%	-5.12%	-0.56%	-0.55%	-8.00%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$2.09	$2.91	$2.98	$3.42	$4.10	$3.52
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	433.20M	427.70M	420M	411.40M	401.70M	392.80M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$2.08	$2.89	$2.96	$3.39	$4.07	$3.50
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	434.60M	431.40M	423M	414.60M	404.40M	394.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$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	388.72M
Normalized Net Operating Profit after Tax (NOPAT)	1,173	1,235	1,145	1,526	1,474	1,612	1,708	1,605
Normalized NOPAT Margin	9.08%	9.41%	8.98%	10.68%	10.77%	11.35%	11.97%	11.12%
Pre Tax Income Margin	14.66%	14.19%	11.85%	13.72%	13.80%	14.29%	14.30%	13.40%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	13.39	15.42	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	9.39	11.22	0.00	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	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	7.89	10.08	0.00	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%	49.21%
Augmented Payout Ratio	14.30%	12.87%	38.73%	89.65%	104.67%	95.06%	98.44%	104.81%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	388,720,773.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	388,720,773.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.87
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.35%	5.26%	2.72%	-3.20%	0.71%	1.52%	-2.53%	-0.17%	4.00%	3.29%	6.45%
EBITDA Growth	7.12%	5.40%	5.00%	-3.01%	-33.55%	2.30%	-22.96%	-3.43%	52.68%	9.67%	28.04%
EBIT Growth	8.14%	5.50%	6.04%	-1.38%	-36.60%	2.51%	-24.45%	-4.20%	60.77%	11.11%	31.14%
NOPAT Growth	12.89%	9.70%	8.16%	8.26%	-6.85%	3.09%	-29.35%	-5.81%	11.65%	10.80%	37.89%
Net Income Growth	12.86%	8.18%	6.25%	10.57%	41.01%	2.62%	-31.55%	-6.00%	-29.62%	8.78%	37.89%
EPS Growth	18.18%	12.86%	8.86%	13.33%	47.25%	7.59%	-29.07%	-2.94%	-29.10%	11.76%	42.62%
Operating Cash Flow Growth	28.03%	28.66%	-38.49%	-30.94%	28.76%	15.58%	11.11%	-30.19%	-5.08%	18.41%	117.37%
Free Cash Flow Firm Growth	-82.88%	60.00%	139.62%	12.74%	-296.43%	-101.01%	-112.25%	-141.42%	238.77%	3,595.37%	1,307.34%
Invested Capital Growth	47.34%	-1.20%	17.28%	33.27%	42.64%	43.36%	26.76%	36.75%	18.24%	22.61%	3.47%
Revenue Q/Q Growth	-5.30%	2.75%	-5.06%	4.77%	-1.47%	3.58%	-8.84%	7.31%	2.64%	2.87%	-6.06%
EBITDA Q/Q Growth	-2.22%	-8.27%	3.89%	4.08%	-33.01%	41.22%	-21.76%	30.46%	5.92%	1.44%	-8.66%
EBIT Q/Q Growth	-1.38%	-9.28%	5.02%	4.96%	-36.60%	46.69%	-22.60%	33.09%	6.40%	1.37%	-8.64%
NOPAT Q/Q Growth	-2.66%	-11.20%	8.09%	15.87%	-16.25%	-1.73%	-25.92%	54.49%	-0.72%	-2.48%	-7.81%
Net Income Q/Q Growth	-2.95%	-12.91%	8.72%	20.32%	23.78%	-36.62%	-27.48%	65.23%	-7.33%	-2.04%	-8.07%
EPS Q/Q Growth	1.11%	-13.19%	8.86%	18.60%	31.37%	-36.57%	-28.24%	62.30%	-4.04%	0.00%	-8.42%
Operating Cash Flow Q/Q Growth	-31.39%	95.10%	-71.36%	80.12%	27.92%	75.13%	-72.46%	13.16%	73.95%	118.45%	-49.45%
Free Cash Flow Firm Q/Q Growth	-56.65%	660.36%	-39.89%	-43.11%	-175.54%	96.08%	-627.81%	-92.43%	353.06%	-1.38%	151.39%
Invested Capital Q/Q Growth	13.94%	-22.14%	30.64%	14.99%	21.94%	-21.74%	15.51%	24.05%	5.44%	-18.85%	-2.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.69%	29.50%	29.91%	29.96%	30.38%	29.17%	29.88%	30.29%	30.70%	30.22%	30.34%
EBITDA Margin	17.51%	15.64%	17.11%	17.00%	11.56%	15.76%	13.52%	16.44%	16.96%	16.73%	16.26%
Operating Margin	16.21%	14.42%	15.83%	15.83%	10.23%	14.45%	12.27%	15.22%	15.88%	15.52%	15.12%
EBIT Margin	16.21%	14.31%	15.83%	15.86%	10.20%	14.45%	12.27%	15.22%	15.77%	15.54%	15.12%
Profit (Net Income) Margin	11.21%	9.50%	10.88%	12.50%	15.70%	9.61%	7.64%	11.77%	10.62%	10.12%	9.90%
Tax Burden Percent	74.25%	72.12%	74.80%	82.72%	108.79%	73.08%	69.95%	81.19%	75.24%	73.00%	73.54%
Interest Burden Percent	93.17%	92.08%	91.91%	95.27%	141.44%	90.96%	89.05%	95.25%	89.52%	89.15%	89.05%
Effective Tax Rate	25.75%	27.88%	25.20%	17.28%	-8.79%	26.92%	30.05%	18.81%	24.76%	27.00%	26.46%
Return on Invested Capital (ROIC)	173.23%	162.47%	154.75%	156.23%	112.26%	136.91%	90.84%	108.88%	94.62%	113.32%	106.90%
ROIC Less NNEP Spread (ROIC-NNEP)	172.72%	161.89%	154.19%	155.87%	114.92%	136.30%	90.33%	108.56%	93.91%	112.61%	106.26%
Return on Net Nonoperating Assets (RNNOA)	-208.75%	-193.27%	-189.87%	-194.84%	-149.39%	-168.04%	-115.00%	-143.17%	-127.63%	-145.10%	-137.30%
Return on Equity (ROE)	-35.52%	-30.80%	-35.12%	-38.61%	-37.13%	-31.14%	-24.16%	-34.29%	-33.00%	-31.78%	-30.40%
Cash Return on Invested Capital (CROIC)	123.75%	178.49%	134.28%	112.85%	85.28%	119.60%	95.19%	66.23%	69.76%	90.93%	109.09%
Operating Return on Assets (OROA)	23.05%	20.40%	23.05%	22.49%	14.04%	19.23%	16.59%	21.18%	21.46%	20.42%	20.39%
Return on Assets (ROA)	15.94%	13.55%	15.85%	17.73%	21.60%	12.78%	10.33%	16.38%	14.46%	13.29%	13.35%
Return on Common Equity (ROCE)	-36.88%	-32.15%	-36.71%	-40.20%	-38.31%	-32.20%	-25.01%	-35.40%	-33.84%	-32.54%	-31.51%
Return on Equity Simple (ROE_SIMPLE)	-30.74%	0.00%	-30.25%	-30.98%	-35.20%	0.00%	-31.51%	-29.61%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	424	376	407	472	395	388	287	444	441	430	396
NOPAT Margin	12.03%	10.40%	11.84%	13.09%	11.13%	10.56%	8.58%	12.35%	11.95%	11.33%	11.12%
Net Nonoperating Expense Percent (NNEP)	0.51%	0.58%	0.57%	0.36%	-2.66%	0.60%	0.50%	0.32%	0.72%	0.71%	0.64%
Return On Investment Capital (ROIC_SIMPLE)	-	18.43%	-	-	-	10.97%	8.57%	17.91%	16.14%	16.47%	17.17%
Cost of Revenue to Revenue	70.31%	70.50%	70.09%	70.04%	69.62%	70.83%	70.12%	69.71%	69.30%	69.78%	69.66%
SG&A Expenses to Revenue	12.83%	13.76%	13.44%	12.47%	12.82%	13.47%	13.85%	13.88%	13.66%	13.49%	14.30%
R&D to Revenue	1.02%	1.02%	1.05%	1.08%	1.13%	1.01%	1.10%	1.06%	0.98%	1.08%	1.07%
Operating Expenses to Revenue	13.48%	15.08%	14.08%	14.14%	20.15%	14.72%	17.61%	15.08%	14.82%	14.70%	15.23%
Earnings before Interest and Taxes (EBIT)	571	518	544	571	362	531	411	547	582	590	539
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	617	566	588	612	410	579	453	591	626	635	580
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)	2.32	2.54	2.82	2.73	2.93	2.59	2.89	2.76	2.51	2.36	2.05
Price to Earnings (P/E)	23.58	25.63	28.22	26.42	25.53	22.49	26.66	25.83	26.64	24.60	20.23
Dividend Yield	1.59%	1.49%	1.38%	1.47%	1.40%	1.63%	1.51%	1.61%	1.77%	1.89%	2.18%
Earnings Yield	4.24%	3.90%	3.54%	3.79%	3.92%	4.45%	3.75%	3.87%	3.75%	4.07%	4.94%
Enterprise Value to Invested Capital (EV/IC)	33.15	46.31	39.37	33.26	29.10	33.29	31.76	24.94	22.10	25.82	24.01
Enterprise Value to Revenue (EV/Rev)	2.74	2.95	3.25	3.18	3.39	3.02	3.35	3.27	3.02	2.84	2.54
Enterprise Value to EBITDA (EV/EBITDA)	16.41	17.64	19.36	18.95	22.15	19.71	23.15	22.78	19.24	17.80	15.29
Enterprise Value to EBIT (EV/EBIT)	17.87	19.20	21.02	20.49	24.16	21.48	25.36	25.02	20.89	19.26	16.47
Enterprise Value to NOPAT (EV/NOPAT)	24.38	25.97	28.30	26.88	28.41	25.26	29.89	29.61	27.69	25.56	21.71
Enterprise Value to Operating Cash Flow (EV/OCF)	25.76	25.73	30.59	32.68	32.78	27.60	30.05	31.10	29.45	25.70	20.45
Enterprise Value to Free Cash Flow (EV/FCFF)	31.92	25.79	31.65	33.67	40.12	32.79	37.30	43.49	34.32	31.27	22.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.61	-1.46	-1.43	-1.47	-1.52	-1.76	-1.68	-1.49	-1.53	-1.51	-1.44
Long-Term Debt to Equity	-1.48	-1.45	-1.42	-1.13	-1.17	-1.47	-1.39	-1.36	-1.44	-1.31	-1.27
Financial Leverage	-1.21	-1.19	-1.23	-1.25	-1.30	-1.23	-1.27	-1.32	-1.36	-1.29	-1.29
Leverage Ratio	-2.11	-2.12	-2.08	-2.10	-2.20	-2.27	-2.14	-2.02	-2.09	-2.20	-2.08
Compound Leverage Factor	-1.97	-1.96	-1.91	-2.00	-3.11	-2.06	-1.90	-1.92	-1.87	-1.96	-1.86
Debt to Total Capital	264.82%	316.71%	333.22%	312.26%	292.51%	231.48%	246.15%	304.48%	288.92%	296.31%	328.07%
Short-Term Debt to Total Capital	20.92%	1.47%	1.69%	72.00%	67.14%	37.57%	43.43%	26.52%	17.58%	39.33%	39.40%
Long-Term Debt to Total Capital	243.90%	315.24%	331.53%	240.26%	225.37%	193.91%	202.72%	277.96%	271.34%	256.98%	288.67%
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	6.36%	9.37%	10.07%	7.13%	4.87%	3.34%	4.01%	6.40%	4.86%	4.51%	10.28%
Common Equity to Total Capital	-171.18%	-226.08%	-243.29%	-219.39%	-197.38%	-134.82%	-150.16%	-210.88%	-193.78%	-200.82%	-238.36%
Debt to EBITDA	3.16	2.91	2.86	3.01	3.34	3.80	4.09	3.81	3.59	3.45	3.21
Net Debt to EBITDA	2.46	2.37	2.50	2.62	2.96	2.75	3.16	3.47	3.22	2.98	2.87
Long-Term Debt to EBITDA	2.91	2.89	2.85	2.32	2.57	3.19	3.37	3.48	3.38	2.99	2.83
Debt to NOPAT	4.69	4.28	4.19	4.27	4.28	4.87	5.29	4.96	5.17	4.96	4.56
Net Debt to NOPAT	3.65	3.49	3.65	3.71	3.79	3.53	4.08	4.52	4.64	4.27	4.08
Long-Term Debt to NOPAT	4.32	4.26	4.17	3.29	3.30	4.08	4.35	4.52	4.86	4.30	4.01
Altman Z-Score	2.54	2.74	3.02	2.79	2.82	2.67	2.75	2.83	2.74	2.63	2.49
Noncontrolling Interest Sharing Ratio	-3.83%	-4.37%	-4.52%	-4.11%	-3.18%	-3.43%	-3.52%	-3.24%	-2.55%	-2.41%	-3.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.00	0.99	0.97	0.79	0.80	0.99	0.94	0.88	0.94	0.85	0.84
Quick Ratio	0.75	0.74	0.72	0.58	0.55	0.74	0.70	0.61	0.65	0.62	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	51	387	233	133	-100	-3.92	-29	-55	139	137	344
Operating Cash Flow to CapEx	900.00%	1,421.43%	551.61%	1,283.33%	1,231.25%	1,769.23%	558.82%	597.22%	1,038.89%	4,085.00%	1,251.52%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	5.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	3.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	3.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.43	1.46	1.42	1.38	1.33	1.35	1.39	1.36	1.31	1.35
Accounts Receivable Turnover	4.28	4.12	4.08	3.99	4.02	4.09	3.92	3.88	3.89	4.06	3.91
Inventory Turnover	16.21	16.30	16.32	16.00	15.94	17.12	16.87	16.45	15.83	17.20	16.25
Fixed Asset Turnover	20.04	19.65	19.97	19.93	19.88	19.97	19.95	19.68	19.56	19.99	20.17
Accounts Payable Turnover	6.26	5.57	6.38	5.76	5.80	5.33	6.10	5.75	5.66	5.00	5.68
Days Sales Outstanding (DSO)	85.32	88.56	89.57	91.41	90.68	89.14	93.01	94.06	93.81	89.99	93.32
Days Inventory Outstanding (DIO)	22.52	22.39	22.37	22.81	22.90	21.33	21.64	22.19	23.05	21.22	22.46
Days Payable Outstanding (DPO)	58.29	65.50	57.17	63.40	62.97	68.54	59.81	63.51	64.45	72.94	64.31
Cash Conversion Cycle (CCC)	49.54	45.45	54.77	50.82	50.62	41.93	54.84	52.73	52.41	38.28	51.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,161	904	1,181	1,358	1,656	1,296	1,497	1,857	1,958	1,589	1,549
Invested Capital Turnover	14.40	15.62	13.07	11.93	10.09	12.96	10.59	8.81	7.92	10.00	9.62
Increase / (Decrease) in Invested Capital	373	-11	174	339	495	392	316	499	302	293	52
Enterprise Value (EV)	38,490	41,868	46,500	45,161	48,191	43,138	47,546	46,305	43,264	41,023	37,192
Market Capitalization	32,541	36,040	40,295	38,757	41,634	36,994	40,921	39,081	35,884	34,042	29,963
Book Value per Share	($11.63)	($12.03)	($12.40)	($12.48)	($12.24)	($12.14)	($12.93)	($13.60)	($13.81)	($13.84)	($14.61)
Tangible Book Value per Share	($16.20)	($16.73)	($17.13)	($17.14)	($17.13)	($16.79)	($17.76)	($18.83)	($19.03)	($19.07)	($19.80)
Total Capital	2,797	2,178	2,065	2,300	2,483	3,596	3,415	2,545	2,798	2,685	2,383
Total Debt	7,407	6,898	6,881	7,182	7,263	8,324	8,406	7,749	8,084	7,956	7,818
Total Long-Term Debt	6,822	6,866	6,846	5,526	5,596	6,973	6,923	7,074	7,592	6,900	6,879
Net Debt	5,771	5,624	5,997	6,240	6,436	6,024	6,488	7,061	7,244	6,860	6,984
Capital Expenditures (CapEx)	34	42	31	24	32	39	34	36	36	20	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,051	-1,321	-1,029	-943	-762	-1,028	-892	-872	-801	-1,195	-1,155
Debt-free Net Working Capital (DFNWC)	585	-47	-145	-1.00	65	1,272	1,026	-184	39	-99	-321
Net Working Capital (NWC)	0.00	-79	-180	-1,657	-1,602	-79	-457	-859	-453	-1,155	-1,260
Net Nonoperating Expense (NNE)	29	32	33	22	-162	35	31	21	49	46	43
Net Nonoperating Obligations (NNO)	5,771	5,624	5,997	6,240	6,436	6,024	6,488	7,061	7,244	6,860	6,984
Total Depreciation and Amortization (D&A)	46	48	44	41	48	48	42	44	44	45	41
Debt-free, Cash-free Net Working Capital to Revenue	-7.49%	-9.30%	-7.20%	-6.65%	-5.36%	-7.21%	-6.29%	-6.15%	-5.60%	-8.28%	-7.89%
Debt-free Net Working Capital to Revenue	4.17%	-0.33%	-1.01%	-0.01%	0.46%	8.92%	7.24%	-1.30%	0.27%	-0.69%	-2.19%
Net Working Capital to Revenue	0.00%	-0.56%	-1.26%	-11.68%	-11.28%	-0.55%	-3.22%	-6.06%	-3.17%	-8.00%	-8.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	$0.79	$0.87	$1.03	$1.35	$0.85	$0.61	$1.00	$0.96	$0.95	$0.88
Adjusted Weighted Average Basic Shares Outstanding	410.80M	411.40M	405.20M	402.90M	400.20M	401.70M	396.60M	393.70M	391M	392.80M	388.10M
Adjusted Diluted Earnings per Share	$0.91	$0.79	$0.86	$1.02	$1.34	$0.85	$0.61	$0.99	$0.95	$0.95	$0.87
Adjusted Weighted Average Diluted Shares Outstanding	413.70M	414.60M	408.10M	405.50M	402.70M	404.40M	399.10M	395.80M	392.80M	394.90M	389.60M
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	409.26M	405.45M	404.32M	400.55M	399.46M	396.52M	394.68M	392.48M	389.72M	388.72M	383.72M
Normalized Net Operating Profit after Tax (NOPAT)	424	376	407	472	254	388	287	444	441	430	396
Normalized NOPAT Margin	12.03%	10.40%	11.84%	13.09%	7.16%	10.56%	8.58%	12.35%	11.95%	11.33%	11.12%
Pre Tax Income Margin	15.10%	13.18%	14.55%	15.11%	14.43%	13.14%	10.93%	14.49%	14.12%	13.86%	13.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	12.36	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	9.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	11.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	8.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	41.24%	41.66%	42.24%	41.84%	39.36%	40.37%	43.94%	45.19%	50.14%	49.21%	46.71%
Augmented Payout Ratio	90.49%	95.06%	103.09%	109.02%	98.78%	98.44%	103.34%	106.10%	121.49%	104.81%	108.31%

Financials Breakdown Chart

Key Financial Trends

Otis Worldwide Corp (NYSE: OTIS) has shown a pattern of steady revenue growth, margin stability, and solid cash generation over the four-year window through 2025. While leverage remains meaningful, the company continues to return capital to shareholders through dividends and buybacks, and its cash flow supports ongoing capital investments and debt management. Here are the top takeaways for retail investors based on the last four years of quarterly data.

Revenue has trended higher: Operating Revenue rose from about $3.44B in 2022 Q4 to about $3.80B in 2025 Q4 (roughly +10%).
Gross margin improved from around 28% in 2022 Q4 to about 30% in 2025 Q4, indicating better cost discipline or pricing power.
Operating margin remained roughly in the mid-teens, around 15% to 16%, with 2025 Q4 hovering near 15.5%—a sign of stable operating profitability.
Net income attributable to common shareholders grew from about $297M (2022 Q4) to about $374M (2025 Q4), reflecting stronger earnings.
Diluted EPS rose from roughly $0.70 (2022) to about $0.95 (2025 Q4), supporting per-share value growth.
Free cash flow generation improved: net cash from continuing operating activities climbed from about $464M (2022 Q4) toward $817M (2025 Q4), while capex remained modest (roughly $30–$45M per quarter), yielding meaningful cash generation.
Capital returns are a clear theme: dividends per share have been around $0.39–$0.42 in 2025, and stock buybacks (e.g., about $248M in 2025 Q3) supplement returns to shareholders.
Debt levels are substantial but historically steady: long-term debt has ranged roughly from $6.97B to $7.59B over the period, indicating a stable leverage profile for a capital-intensive business.
Liquidity remains solid but not abundant: cash and equivalents have generally been in the low-to-mid billions (roughly $0.84B–$1.0B range in recent quarters), supported by ongoing cash generation.
Financing activity shows sizable cash outflows in some periods, including debt repayments and share repurchases, which reduce cash on hand and can raise near-term balance-sheet risk; 2025 quarters show negative net cash from financing activities.

05/12/26 02:54 PM ETAI Generated. May Contain Errors.

Otis Worldwide Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Otis Worldwide's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Otis Worldwide's net income appears to be on an upward trend, with a most recent value of $1.46 billion in 2025, rising from $1.21 billion in 2018. The previous period was $1.73 billion in 2024. See Otis Worldwide's forecast for analyst expectations on what's next for the company.

Otis Worldwide's total operating income in 2025 was $2.13 billion, based on the following breakdown:

Total Gross Profit: $4.37 billion
Total Operating Expenses: $2.24 billion

Over the last 7 years, Otis Worldwide's total revenue changed from $12.92 billion in 2018 to $14.43 billion in 2025, a change of 11.7%.

Otis Worldwide's total liabilities were at $15.92 billion at the end of 2025, a 0.7% decrease from 2024, and a 116.3% increase since 2019.

In the past 6 years, Otis Worldwide's cash and equivalents has ranged from $1.10 billion in 2025 to $2.30 billion in 2024, and is currently $1.10 billion as of their latest financial filing in 2025.

Over the last 7 years, Otis Worldwide's book value per share changed from 0.00 in 2018 to -13.84 in 2025, a change of -1,383.6%.

Related Companies

Financial statements for NYSE:OTIS last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Otis Worldwide (OTIS) Financials

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Otis Worldwide (OTIS) Financials

Annual Income Statements for Otis Worldwide

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Quarterly Balance Sheets for Otis Worldwide

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Quarterly Metrics And Ratios for Otis Worldwide

Financials Breakdown Chart

Key Financial Trends

Otis Worldwide Financials - Frequently Asked Questions

When does Otis Worldwide's financial year end?

How has Otis Worldwide's net income changed over the last 7 years?

What is Otis Worldwide's operating income?

How has Otis Worldwide's revenue changed over the last 7 years?

How much debt does Otis Worldwide have?

How much cash does Otis Worldwide have?

How has Otis Worldwide's book value per share changed over the last 7 years?

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