OTIS
Otis Worldwide Corp
NYSE: OTIS · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY
$76.60
-0.98% today
Updated 2026-04-29
Market cap
$29.39B
P/E ratio
20.37
P/S ratio
2.01x
EPS (TTM)
$3.76
Dividend yield
2.17%
52W range
$75 – $100
Volume
3.7M
Otis Worldwide Corp (OTIS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.32B | $12.91B | $13.12B | $12.76B | $14.30B | $13.69B | $14.21B | $14.26B | $14.43B |
| Revenue growth (YoY) | — | +4.8% | +1.6% | -2.8% | +12.1% | -4.3% | +3.8% | +0.4% | +1.2% |
| Cost of revenue | $8.62B | $9.19B | $9.29B | $8.98B | $10.11B | $9.77B | $10.02B | $10.00B | $10.06B |
| Gross profit | $3.70B | $3.73B | $3.83B | $3.78B | $4.19B | $3.92B | $4.19B | $4.26B | $4.37B |
| Gross margin | 30.0% | 28.9% | 29.2% | 29.6% | 29.3% | 28.6% | 29.5% | 29.9% | 30.3% |
| R&D | $175.00M | $181.00M | $163.00M | $152.00M | $159.00M | $150.00M | $144.00M | $152.00M | $152.00M |
| SG&A | $1.65B | $1.74B | $1.81B | $1.92B | $1.95B | $1.76B | $1.83B | $1.82B | $1.89B |
| Operating income | $1.92B | $1.83B | $1.81B | $1.64B | $2.11B | $2.03B | $2.19B | $2.01B | $2.13B |
| Operating margin | 15.5% | 14.2% | 13.8% | 12.8% | 14.7% | 14.9% | 15.4% | 14.1% | 14.8% |
| EBITDA | $2.17B | $2.02B | $1.99B | $1.83B | $2.31B | $2.26B | $2.19B | $2.23B | $2.31B |
| EBITDA margin | 17.6% | 15.7% | 15.2% | 14.3% | 16.2% | 16.5% | 15.4% | 15.7% | 16.0% |
| EBIT | $2.00B | $1.83B | $1.81B | $1.64B | $2.11B | $2.07B | $2.19B | $2.05B | $2.13B |
| Interest expense | $40.00M | $37.00M | $39.00M | $122.00M | $136.00M | $143.00M | $150.00M | $31.00M | $196.00M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $636.00M | $1.05B | $1.12B | $906.00M | $1.25B | $1.25B | $1.41B | $1.65B | $1.38B |
| Net income growth (YoY) | — | +64.9% | +6.4% | -18.8% | +37.5% | +0.6% | +12.2% | +17.0% | -15.9% |
| Profit margin | 5.2% | 8.1% | 8.5% | 7.1% | 8.7% | 9.2% | 9.9% | 11.5% | 9.6% |