Otis Worldwide Corporation (OTIS) 10-Year Financial Performance & Capital Metrics

OTIS • • Industrial / General

IndustrialsIndustrial MachineryIndustrial Automation & RoboticsFactory Automation Systems

AboutOtis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.Show more

Revenue $14.26B +0.4%
EBITDA $2.19B -9.6%
Net Income $1.65B +17.0%
EPS (Diluted) 4.07 +20.0%
Gross Margin 29.85% +0.3%
EBITDA Margin 15.35% -9.9%
Operating Margin 14.08% -10.2%
Net Margin 11.54% +16.6%
ROE -
ROIC 99.5% -20.5%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 2.5% through buybacks
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y1.68%

3Y-0.09%

TTM0.73%

Profit (Net Income) CAGR

10Y-

5Y8.07%

3Y9.7%

TTM-17.41%

EPS CAGR

10Y-

5Y9.57%

3Y12.11%

TTM-15.61%

ROCE

10Y Avg49.62%

5Y Avg51.62%

3Y Avg56.39%

Latest55.74%

Peer Comparison

Factory Automation Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROKRockwell Automation, Inc.	47.35B	421.13	54.91	0.97%	10.41%	23.42%	2.87%	0.98
HIHillenbrand, Inc.	2.24B	31.83	43.01	-15.99%	1.61%	3.03%	0.8%	1.12
EMREmerson Electric Co.	83.23B	148.02	36.64	3%	12.73%	11.3%	3.2%	0.68
PSNParsons Corporation	7.69B	72.22	34.07	24.03%	5.96%	14.52%	6.17%	0.56
EPACEnerpac Tool Group Corp.	2.18B	41.40	24.35	4.65%	14.64%	20.92%	4.21%	0.53
OTISOtis Worldwide Corporation	35.21B	90.35	22.20	0.37%	9.41%		4.08%
TNCTennant Company	1.45B	79.73	18.20	3.47%	4.42%	8.53%	4.73%	0.41
CXTCrane NXT, Co.	2.97B	51.73	16.22	6.86%	9.8%	12.76%	5.68%	0.76

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	12.32B	12.91B	13.12B	12.76B	14.3B	13.69B	14.21B	14.26B
Revenue Growth %	-	0.05%	0.02%	-0.03%	0.12%	-0.04%	0.04%	0%
Cost of Goods Sold+	8.62B	9.19B	9.29B	8.96B	10.09B	9.75B	9.98B	10B
COGS % of Revenue	0.7%	0.71%	0.71%	0.7%	0.71%	0.71%	0.7%	0.7%
Gross Profit+	3.7B	3.73B	3.83B	3.8B	4.21B	3.94B	4.23B	4.26B
Gross Margin %	0.3%	0.29%	0.29%	0.3%	0.29%	0.29%	0.3%	0.3%
Gross Profit Growth %	-	0.01%	0.03%	-0.01%	0.11%	-0.06%	0.07%	0.01%
Operating Expenses+	1.79B	1.89B	1.93B	1.89B	2.03B	1.86B	2B	2.25B
OpEx % of Revenue	0.15%	0.15%	0.15%	0.15%	0.14%	0.14%	0.14%	0.16%
Selling, General & Admin	1.65B	1.74B	1.77B	1.76B	1.95B	1.72B	1.86B	1.82B
SG&A % of Revenue	0.13%	0.13%	0.13%	0.14%	0.14%	0.13%	0.13%	0.13%
Research & Development	175M	181M	163M	152M	159M	150M	144M	152M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	-31M	-25M	4M	-27M	-73M	-8M	-1M	279M
Operating Income+	1.91B	1.86B	1.89B	1.91B	2.17B	2.08B	2.23B	2.01B
Operating Margin %	0.15%	0.14%	0.14%	0.15%	0.15%	0.15%	0.16%	0.14%
Operating Income Growth %	-	-0.03%	0.02%	0.01%	0.14%	-0.05%	0.07%	-0.1%
EBITDA+	2.09B	2.05B	2.07B	2.1B	2.38B	2.27B	2.42B	2.19B
EBITDA Margin %	0.17%	0.16%	0.16%	0.16%	0.17%	0.17%	0.17%	0.15%
EBITDA Growth %	-	-0.02%	0.01%	0.01%	0.13%	-0.05%	0.07%	-0.1%
D&A (Non-Cash Add-back)	177M	190M	180M	191M	203M	191M	193M	181M
EBIT	2B	1.93B	1.9B	1.63B	2.1B	2.03B	2.18B	2.05B
Net Interest Income+	21M	14M	14M	-122M	-136M	-143M	-150M	31M
Interest Income	61M	51M	53M	0	0	0	0	0
Interest Expense	40M	37M	39M	122M	136M	143M	150M	-31M
Other Income/Expense	47M	37M	-31M	-398M	-213M	-187M	-197M	31M
Pretax Income+	1.96B	1.89B	1.86B	1.51B	1.96B	1.89B	2.03B	2.04B
Pretax Margin %	0.16%	0.15%	0.14%	0.12%	0.14%	0.14%	0.14%	0.14%
Income Tax+	1.15B	683M	594M	455M	541M	519M	533M	305M
Effective Tax Rate %	0.32%	0.55%	0.6%	0.6%	0.64%	0.66%	0.69%	0.81%
Net Income+	636M	1.05B	1.12B	906M	1.25B	1.25B	1.41B	1.65B
Net Margin %	0.05%	0.08%	0.09%	0.07%	0.09%	0.09%	0.1%	0.12%
Net Income Growth %	-	0.65%	0.06%	-0.19%	0.38%	0.01%	0.12%	0.17%
Net Income (Continuing)	809M	1.21B	1.27B	1.06B	1.42B	1.37B	1.5B	1.73B
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	698M	646M	626M	661M	641M	206M	204M	120M
EPS (Diluted)+	1.47	2.42	2.58	2.08	2.89	2.96	3.39	4.07
EPS Growth %	-	0.65%	0.06%	-0.19%	0.39%	0.03%	0.14%	0.2%
EPS (Basic)	1.47	2.42	2.58	2.09	2.91	2.98	3.42	4.10
Diluted Shares Outstanding	436.4M	433.1M	433.11M	434.6M	431.4M	423M	414.6M	404.4M
Basic Shares Outstanding	433.1M	433.1M	433.11M	433.2M	427.7M	420M	411.4M	401.7M
Dividend Payout Ratio	-	-	-	0.29%	0.32%	0.37%	0.38%	0.37%

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	5.51B	5.61B	5.66B	6.49B	8.26B	6.14B	6.4B	7.67B
Cash & Short-Term Investments	1.55B	1.33B	1.45B	1.78B	1.56B	1.19B	1.27B	2.3B
Cash Only	1.55B	1.33B	1.45B	1.78B	1.56B	1.19B	1.27B	2.3B
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	2.54B	3.38B	3.39B	3.61B	3.78B	4.02B	4.25B	4.13B
Days Sales Outstanding	75.23	95.44	94.32	103.18	96.55	107.25	109.3	105.81
Inventory	1.1B	637M	571M	659M	622M	617M	612M	557M
Days Inventory Outstanding	46.66	25.3	22.43	26.85	22.5	23.11	22.39	20.32
Other Current Assets	316M	269M	251M	446M	2.29B	316M	259M	679M
Total Non-Current Assets+	3.58B	3.52B	4.03B	4.22B	4.02B	3.68B	3.72B	3.65B
Property, Plant & Equipment	626M	678M	1.26B	1.32B	1.3B	1.17B	1.14B	1.12B
Fixed Asset Turnover	19.69x	19.05x	10.44x	9.69x	11.00x	11.72x	12.43x	12.70x
Goodwill	1.74B	1.69B	1.65B	1.77B	1.67B	1.57B	1.59B	1.55B
Intangible Assets	659M	569M	490M	484M	419M	369M	335M	311M
Long-Term Investments	0	0	0	0	0	0	0	10M
Other Non-Current Assets	555M	588M	636M	644M	632M	572M	651M	654M
Total Assets+	9.09B	9.13B	9.69B	10.71B	12.28B	9.82B	10.12B	11.32B
Asset Turnover	1.36x	1.41x	1.35x	1.19x	1.16x	1.39x	1.40x	1.26x
Asset Growth %	-	0.01%	0.06%	0.11%	0.15%	-0.2%	0.03%	0.12%
Total Current Liabilities+	4.93B	5.3B	5.37B	6.67B	6.25B	6.84B	6.48B	7.75B
Accounts Payable	1.3B	1.35B	1.33B	1.45B	1.56B	1.72B	1.88B	1.88B
Days Payables Outstanding	55.17	53.66	52.28	59.2	56.29	64.3	68.69	68.56
Short-Term Debt	17M	27M	34M	701M	24M	670M	32M	1.35B
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.12B	0	0	747M	749M	699M	656M	633M
Current Ratio	1.12x	1.06x	1.05x	0.97x	1.32x	0.90x	0.99x	0.99x
Quick Ratio	0.89x	0.94x	0.95x	0.87x	1.22x	0.81x	0.89x	0.92x
Cash Conversion Cycle	66.72	67.08	64.47	70.83	62.76	66.05	63	57.57
Total Non-Current Liabilities+	0	1.62B	1.99B	7.24B	9.02B	7.64B	8.36B	8.29B
Long-Term Debt	0	0	5M	5.26B	7.25B	6.1B	6.87B	6.97B
Capital Lease Obligations	0	0	386M	367M	336M	315M	292M	298M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	1.62B	1.6B	1.61B	1.43B	1.23B	1.2B	1.02B
Total Liabilities	4.93B	6.92B	7.36B	13.91B	15.26B	14.48B	14.84B	16.04B
Total Debt+	17M	27M	565M	6.5B	7.79B	7.21B	7.31B	8.74B
Net Debt	-1.54B	-1.3B	-881M	4.71B	6.22B	6.02B	6.03B	6.44B
Debt / Equity	0.01x	0.01x	0.24x	-	-	-	-	-
Debt / EBITDA	0.01x	0.01x	0.27x	3.09x	3.28x	3.18x	3.02x	3.99x
Net Debt / EBITDA	-0.74x	-0.64x	-0.43x	2.25x	2.62x	2.66x	2.49x	2.94x
Interest Coverage	47.75x	50.16x	48.51x	15.65x	15.99x	14.51x	14.85x	-
Total Equity+	2.66B	2.21B	2.33B	-3.2B	-2.98B	-4.66B	-4.72B	-4.73B
Equity Growth %	-	-0.17%	0.05%	-2.38%	0.07%	-0.56%	-0.01%	-0%
Book Value per Share	6.10	5.11	5.37	-7.37	-6.92	-11.03	-11.38	-11.69
Total Shareholders' Equity	1.97B	1.57B	1.7B	-3.86B	-3.63B	-4.87B	-4.92B	-4.85B
Common Stock	2.55B	2.28B	2.46B	59M	119M	162M	213M	265M
Retained Earnings	0	0	0	-3.11B	-2.26B	-2.87B	-2B	-978M
Treasury Stock	0	0	0	0	-725M	-1.57B	-2.38B	-3.39B
Accumulated OCI	-587M	-708M	-758M	-815M	-763M	-592M	-750M	-745M
Minority Interest	698M	646M	626M	661M	641M	206M	204M	120M

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.45B	1.55B	1.47B	1.48B	1.75B	1.56B	1.63B	1.56B
Operating CF Margin %	0.12%	0.12%	0.11%	0.12%	0.12%	0.11%	0.11%	0.11%
Operating CF Growth %	-	0.07%	-0.05%	0.01%	0.18%	-0.11%	0.04%	-0.04%
Net Income	636M	1.05B	1.12B	906M	1.25B	1.25B	1.41B	1.65B
Depreciation & Amortization	177M	190M	180M	191M	203M	191M	193M	181M
Stock-Based Compensation	0	0	0	0	0	0	0	0
Deferred Taxes	-35M	127M	-8M	-51M	-92M	-16M	-61M	-31M
Other Non-Cash Items	709M	199M	214M	284M	239M	183M	156M	112M
Working Capital Changes	-37M	-15M	-33M	150M	154M	-51M	-67M	-344M
Change in Receivables	-13M	-354M	-166M	-163M	-152M	-309M	-239M	-68M
Change in Inventory	-109M	24M	60M	-76M	14M	-65M	15M	26M
Change in Payables	119M	166M	-28M	20M	130M	272M	152M	57M
Cash from Investing+	-186M	-201M	-203M	-353M	-89M	-33M	-183M	-239M
Capital Expenditures	-133M	-172M	-145M	-183M	-156M	-115M	-138M	-126M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	0	18M	-6M	3M	34M	67M	-9M	58M
Cash from Financing+	-1.4B	-1.5B	-1.13B	-844M	58M	-3.65B	-1.35B	-234M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-260M	-393M	-465M	-539M	-606M
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-1.4B	-1.51B	-1.14B	-6.49B	-174M	-1.95B	-105M	-118M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	1.32B	1.38B	1.32B	1.3B	1.59B	1.45B	1.49B	1.44B
FCF Margin %	0.11%	0.11%	0.1%	0.1%	0.11%	0.11%	0.1%	0.1%
FCF Growth %	-	0.05%	-0.04%	-0.02%	0.23%	-0.09%	0.03%	-0.03%
FCF per Share	3.02	3.18	3.06	2.98	3.69	3.42	3.59	3.55
FCF Conversion (FCF/Net Income)	2.28x	1.48x	1.32x	1.63x	1.40x	1.25x	1.16x	0.95x
Interest Paid	17M	20M	18M	81M	129M	134M	132M	172M
Taxes Paid	692M	607M	632M	561M	552M	562M	546M	586M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	23.88%	43.01%	49.15%	-	-	-	-	-
Return on Invested Capital (ROIC)	127.22%	136.54%	120.36%	96.77%	68.58%	67.69%	125.17%	99.5%
Gross Margin	30.04%	28.85%	29.17%	29.77%	29.43%	28.78%	29.77%	29.85%
Net Margin	5.16%	8.12%	8.51%	7.1%	8.71%	9.16%	9.9%	11.54%
Debt / Equity	0.01x	0.01x	0.24x	-	-	-	-	-
Interest Coverage	47.75x	50.16x	48.51x	15.65x	15.99x	14.51x	14.85x	-
FCF Conversion	2.28x	1.48x	1.32x	1.63x	1.40x	1.25x	1.16x	0.95x
Revenue Growth	-	4.8%	1.57%	-2.76%	12.09%	-4.29%	3.83%	0.37%

Revenue by Segment

	2020	2021	2022	2023	2024
Services	7.38B	7.87B	7.82B	8.4B	8.89B
Services Growth	-	6.57%	-0.62%	7.36%	5.92%
New Equipment	5.37B	6.43B	5.86B	5.81B	5.37B
New Equipment Growth	-	19.68%	-8.77%	-0.89%	-7.66%

Revenue by Geography

	2020	2021	2022	2023	2024
Other	7.16B	7.72B	7.28B	7.74B	8.1B
Other Growth	-	7.85%	-5.74%	6.28%	4.76%
UNITED STATES	3.46B	3.7B	3.83B	4.03B	4.24B
UNITED STATES Growth	-	6.87%	3.62%	5.11%	5.19%
CHINA	2.13B	2.88B	2.57B	2.44B	1.92B
CHINA Growth	-	34.75%	-10.57%	-5.01%	-21.48%

Frequently Asked Questions

Valuation & Price

Otis Worldwide Corporation (OTIS) has a price-to-earnings (P/E) ratio of 22.2x. This is roughly in line with market averages.

Growth & Financials

Otis Worldwide Corporation (OTIS) reported $14.31B in revenue for fiscal year 2024. This represents a 16% increase from $12.32B in 2017.

Otis Worldwide Corporation (OTIS) grew revenue by 0.4% over the past year. Growth has been modest.

Yes, Otis Worldwide Corporation (OTIS) is profitable, generating $1.35B in net income for fiscal year 2024 (11.5% net margin).

Dividend & Returns

Yes, Otis Worldwide Corporation (OTIS) pays a dividend with a yield of 1.66%. This makes it attractive for income-focused investors.

Otis Worldwide Corporation (OTIS) generated $1.32B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Otis Worldwide Corporation (OTIS) 10-Year Financial Performance & Capital Metrics

OTIS • • Industrial / General

IndustrialsIndustrial MachineryIndustrial Automation & RoboticsFactory Automation Systems

Revenue $14.26B +0.4%
EBITDA $2.19B -9.6%
Net Income $1.65B +17.0%
EPS (Diluted) 4.07 +20.0%
Gross Margin 29.85% +0.3%
EBITDA Margin 15.35% -9.9%
Operating Margin 14.08% -10.2%
Net Margin 11.54% +16.6%
ROE -
ROIC 99.5% -20.5%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 2.5% through buybacks
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y1.68%

3Y-0.09%

TTM0.73%

Profit (Net Income) CAGR

10Y-

5Y8.07%

3Y9.7%

TTM-17.41%

EPS CAGR

10Y-

5Y9.57%

3Y12.11%

TTM-15.61%

ROCE

10Y Avg49.62%

5Y Avg51.62%

3Y Avg56.39%

Latest55.74%

Peer Comparison

Factory Automation Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROKRockwell Automation, Inc.	47.35B	421.13	54.91	0.97%	10.41%	23.42%	2.87%	0.98
HIHillenbrand, Inc.	2.24B	31.83	43.01	-15.99%	1.61%	3.03%	0.8%	1.12
EMREmerson Electric Co.	83.23B	148.02	36.64	3%	12.73%	11.3%	3.2%	0.68
PSNParsons Corporation	7.69B	72.22	34.07	24.03%	5.96%	14.52%	6.17%	0.56
EPACEnerpac Tool Group Corp.	2.18B	41.40	24.35	4.65%	14.64%	20.92%	4.21%	0.53
OTISOtis Worldwide Corporation	35.21B	90.35	22.20	0.37%	9.41%		4.08%
TNCTennant Company	1.45B	79.73	18.20	3.47%	4.42%	8.53%	4.73%	0.41
CXTCrane NXT, Co.	2.97B	51.73	16.22	6.86%	9.8%	12.76%	5.68%	0.76

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	12.32B	12.91B	13.12B	12.76B	14.3B	13.69B	14.21B	14.26B
Revenue Growth %	-	0.05%	0.02%	-0.03%	0.12%	-0.04%	0.04%	0%
Cost of Goods Sold+	8.62B	9.19B	9.29B	8.96B	10.09B	9.75B	9.98B	10B
COGS % of Revenue	0.7%	0.71%	0.71%	0.7%	0.71%	0.71%	0.7%	0.7%
Gross Profit+	3.7B	3.73B	3.83B	3.8B	4.21B	3.94B	4.23B	4.26B
Gross Margin %	0.3%	0.29%	0.29%	0.3%	0.29%	0.29%	0.3%	0.3%
Gross Profit Growth %	-	0.01%	0.03%	-0.01%	0.11%	-0.06%	0.07%	0.01%
Operating Expenses+	1.79B	1.89B	1.93B	1.89B	2.03B	1.86B	2B	2.25B
OpEx % of Revenue	0.15%	0.15%	0.15%	0.15%	0.14%	0.14%	0.14%	0.16%
Selling, General & Admin	1.65B	1.74B	1.77B	1.76B	1.95B	1.72B	1.86B	1.82B
SG&A % of Revenue	0.13%	0.13%	0.13%	0.14%	0.14%	0.13%	0.13%	0.13%
Research & Development	175M	181M	163M	152M	159M	150M	144M	152M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	-31M	-25M	4M	-27M	-73M	-8M	-1M	279M
Operating Income+	1.91B	1.86B	1.89B	1.91B	2.17B	2.08B	2.23B	2.01B
Operating Margin %	0.15%	0.14%	0.14%	0.15%	0.15%	0.15%	0.16%	0.14%
Operating Income Growth %	-	-0.03%	0.02%	0.01%	0.14%	-0.05%	0.07%	-0.1%
EBITDA+	2.09B	2.05B	2.07B	2.1B	2.38B	2.27B	2.42B	2.19B
EBITDA Margin %	0.17%	0.16%	0.16%	0.16%	0.17%	0.17%	0.17%	0.15%
EBITDA Growth %	-	-0.02%	0.01%	0.01%	0.13%	-0.05%	0.07%	-0.1%
D&A (Non-Cash Add-back)	177M	190M	180M	191M	203M	191M	193M	181M
EBIT	2B	1.93B	1.9B	1.63B	2.1B	2.03B	2.18B	2.05B
Net Interest Income+	21M	14M	14M	-122M	-136M	-143M	-150M	31M
Interest Income	61M	51M	53M	0	0	0	0	0
Interest Expense	40M	37M	39M	122M	136M	143M	150M	-31M
Other Income/Expense	47M	37M	-31M	-398M	-213M	-187M	-197M	31M
Pretax Income+	1.96B	1.89B	1.86B	1.51B	1.96B	1.89B	2.03B	2.04B
Pretax Margin %	0.16%	0.15%	0.14%	0.12%	0.14%	0.14%	0.14%	0.14%
Income Tax+	1.15B	683M	594M	455M	541M	519M	533M	305M
Effective Tax Rate %	0.32%	0.55%	0.6%	0.6%	0.64%	0.66%	0.69%	0.81%
Net Income+	636M	1.05B	1.12B	906M	1.25B	1.25B	1.41B	1.65B
Net Margin %	0.05%	0.08%	0.09%	0.07%	0.09%	0.09%	0.1%	0.12%
Net Income Growth %	-	0.65%	0.06%	-0.19%	0.38%	0.01%	0.12%	0.17%
Net Income (Continuing)	809M	1.21B	1.27B	1.06B	1.42B	1.37B	1.5B	1.73B
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	698M	646M	626M	661M	641M	206M	204M	120M
EPS (Diluted)+	1.47	2.42	2.58	2.08	2.89	2.96	3.39	4.07
EPS Growth %	-	0.65%	0.06%	-0.19%	0.39%	0.03%	0.14%	0.2%
EPS (Basic)	1.47	2.42	2.58	2.09	2.91	2.98	3.42	4.10
Diluted Shares Outstanding	436.4M	433.1M	433.11M	434.6M	431.4M	423M	414.6M	404.4M
Basic Shares Outstanding	433.1M	433.1M	433.11M	433.2M	427.7M	420M	411.4M	401.7M
Dividend Payout Ratio	-	-	-	0.29%	0.32%	0.37%	0.38%	0.37%

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	5.51B	5.61B	5.66B	6.49B	8.26B	6.14B	6.4B	7.67B
Cash & Short-Term Investments	1.55B	1.33B	1.45B	1.78B	1.56B	1.19B	1.27B	2.3B
Cash Only	1.55B	1.33B	1.45B	1.78B	1.56B	1.19B	1.27B	2.3B
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	2.54B	3.38B	3.39B	3.61B	3.78B	4.02B	4.25B	4.13B
Days Sales Outstanding	75.23	95.44	94.32	103.18	96.55	107.25	109.3	105.81
Inventory	1.1B	637M	571M	659M	622M	617M	612M	557M
Days Inventory Outstanding	46.66	25.3	22.43	26.85	22.5	23.11	22.39	20.32
Other Current Assets	316M	269M	251M	446M	2.29B	316M	259M	679M
Total Non-Current Assets+	3.58B	3.52B	4.03B	4.22B	4.02B	3.68B	3.72B	3.65B
Property, Plant & Equipment	626M	678M	1.26B	1.32B	1.3B	1.17B	1.14B	1.12B
Fixed Asset Turnover	19.69x	19.05x	10.44x	9.69x	11.00x	11.72x	12.43x	12.70x
Goodwill	1.74B	1.69B	1.65B	1.77B	1.67B	1.57B	1.59B	1.55B
Intangible Assets	659M	569M	490M	484M	419M	369M	335M	311M
Long-Term Investments	0	0	0	0	0	0	0	10M
Other Non-Current Assets	555M	588M	636M	644M	632M	572M	651M	654M
Total Assets+	9.09B	9.13B	9.69B	10.71B	12.28B	9.82B	10.12B	11.32B
Asset Turnover	1.36x	1.41x	1.35x	1.19x	1.16x	1.39x	1.40x	1.26x
Asset Growth %	-	0.01%	0.06%	0.11%	0.15%	-0.2%	0.03%	0.12%
Total Current Liabilities+	4.93B	5.3B	5.37B	6.67B	6.25B	6.84B	6.48B	7.75B
Accounts Payable	1.3B	1.35B	1.33B	1.45B	1.56B	1.72B	1.88B	1.88B
Days Payables Outstanding	55.17	53.66	52.28	59.2	56.29	64.3	68.69	68.56
Short-Term Debt	17M	27M	34M	701M	24M	670M	32M	1.35B
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.12B	0	0	747M	749M	699M	656M	633M
Current Ratio	1.12x	1.06x	1.05x	0.97x	1.32x	0.90x	0.99x	0.99x
Quick Ratio	0.89x	0.94x	0.95x	0.87x	1.22x	0.81x	0.89x	0.92x
Cash Conversion Cycle	66.72	67.08	64.47	70.83	62.76	66.05	63	57.57
Total Non-Current Liabilities+	0	1.62B	1.99B	7.24B	9.02B	7.64B	8.36B	8.29B
Long-Term Debt	0	0	5M	5.26B	7.25B	6.1B	6.87B	6.97B
Capital Lease Obligations	0	0	386M	367M	336M	315M	292M	298M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	1.62B	1.6B	1.61B	1.43B	1.23B	1.2B	1.02B
Total Liabilities	4.93B	6.92B	7.36B	13.91B	15.26B	14.48B	14.84B	16.04B
Total Debt+	17M	27M	565M	6.5B	7.79B	7.21B	7.31B	8.74B
Net Debt	-1.54B	-1.3B	-881M	4.71B	6.22B	6.02B	6.03B	6.44B
Debt / Equity	0.01x	0.01x	0.24x	-	-	-	-	-
Debt / EBITDA	0.01x	0.01x	0.27x	3.09x	3.28x	3.18x	3.02x	3.99x
Net Debt / EBITDA	-0.74x	-0.64x	-0.43x	2.25x	2.62x	2.66x	2.49x	2.94x
Interest Coverage	47.75x	50.16x	48.51x	15.65x	15.99x	14.51x	14.85x	-
Total Equity+	2.66B	2.21B	2.33B	-3.2B	-2.98B	-4.66B	-4.72B	-4.73B
Equity Growth %	-	-0.17%	0.05%	-2.38%	0.07%	-0.56%	-0.01%	-0%
Book Value per Share	6.10	5.11	5.37	-7.37	-6.92	-11.03	-11.38	-11.69
Total Shareholders' Equity	1.97B	1.57B	1.7B	-3.86B	-3.63B	-4.87B	-4.92B	-4.85B
Common Stock	2.55B	2.28B	2.46B	59M	119M	162M	213M	265M
Retained Earnings	0	0	0	-3.11B	-2.26B	-2.87B	-2B	-978M
Treasury Stock	0	0	0	0	-725M	-1.57B	-2.38B	-3.39B
Accumulated OCI	-587M	-708M	-758M	-815M	-763M	-592M	-750M	-745M
Minority Interest	698M	646M	626M	661M	641M	206M	204M	120M

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.45B	1.55B	1.47B	1.48B	1.75B	1.56B	1.63B	1.56B
Operating CF Margin %	0.12%	0.12%	0.11%	0.12%	0.12%	0.11%	0.11%	0.11%
Operating CF Growth %	-	0.07%	-0.05%	0.01%	0.18%	-0.11%	0.04%	-0.04%
Net Income	636M	1.05B	1.12B	906M	1.25B	1.25B	1.41B	1.65B
Depreciation & Amortization	177M	190M	180M	191M	203M	191M	193M	181M
Stock-Based Compensation	0	0	0	0	0	0	0	0
Deferred Taxes	-35M	127M	-8M	-51M	-92M	-16M	-61M	-31M
Other Non-Cash Items	709M	199M	214M	284M	239M	183M	156M	112M
Working Capital Changes	-37M	-15M	-33M	150M	154M	-51M	-67M	-344M
Change in Receivables	-13M	-354M	-166M	-163M	-152M	-309M	-239M	-68M
Change in Inventory	-109M	24M	60M	-76M	14M	-65M	15M	26M
Change in Payables	119M	166M	-28M	20M	130M	272M	152M	57M
Cash from Investing+	-186M	-201M	-203M	-353M	-89M	-33M	-183M	-239M
Capital Expenditures	-133M	-172M	-145M	-183M	-156M	-115M	-138M	-126M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	0	18M	-6M	3M	34M	67M	-9M	58M
Cash from Financing+	-1.4B	-1.5B	-1.13B	-844M	58M	-3.65B	-1.35B	-234M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-260M	-393M	-465M	-539M	-606M
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-1.4B	-1.51B	-1.14B	-6.49B	-174M	-1.95B	-105M	-118M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	1.32B	1.38B	1.32B	1.3B	1.59B	1.45B	1.49B	1.44B
FCF Margin %	0.11%	0.11%	0.1%	0.1%	0.11%	0.11%	0.1%	0.1%
FCF Growth %	-	0.05%	-0.04%	-0.02%	0.23%	-0.09%	0.03%	-0.03%
FCF per Share	3.02	3.18	3.06	2.98	3.69	3.42	3.59	3.55
FCF Conversion (FCF/Net Income)	2.28x	1.48x	1.32x	1.63x	1.40x	1.25x	1.16x	0.95x
Interest Paid	17M	20M	18M	81M	129M	134M	132M	172M
Taxes Paid	692M	607M	632M	561M	552M	562M	546M	586M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	23.88%	43.01%	49.15%	-	-	-	-	-
Return on Invested Capital (ROIC)	127.22%	136.54%	120.36%	96.77%	68.58%	67.69%	125.17%	99.5%
Gross Margin	30.04%	28.85%	29.17%	29.77%	29.43%	28.78%	29.77%	29.85%
Net Margin	5.16%	8.12%	8.51%	7.1%	8.71%	9.16%	9.9%	11.54%
Debt / Equity	0.01x	0.01x	0.24x	-	-	-	-	-
Interest Coverage	47.75x	50.16x	48.51x	15.65x	15.99x	14.51x	14.85x	-
FCF Conversion	2.28x	1.48x	1.32x	1.63x	1.40x	1.25x	1.16x	0.95x
Revenue Growth	-	4.8%	1.57%	-2.76%	12.09%	-4.29%	3.83%	0.37%

Revenue by Segment

	2020	2021	2022	2023	2024
Services	7.38B	7.87B	7.82B	8.4B	8.89B
Services Growth	-	6.57%	-0.62%	7.36%	5.92%
New Equipment	5.37B	6.43B	5.86B	5.81B	5.37B
New Equipment Growth	-	19.68%	-8.77%	-0.89%	-7.66%

Revenue by Geography

	2020	2021	2022	2023	2024
Other	7.16B	7.72B	7.28B	7.74B	8.1B
Other Growth	-	7.85%	-5.74%	6.28%	4.76%
UNITED STATES	3.46B	3.7B	3.83B	4.03B	4.24B
UNITED STATES Growth	-	6.87%	3.62%	5.11%	5.19%
CHINA	2.13B	2.88B	2.57B	2.44B	1.92B
CHINA Growth	-	34.75%	-10.57%	-5.01%	-21.48%

Frequently Asked Questions

Valuation & Price

Otis Worldwide Corporation (OTIS) has a price-to-earnings (P/E) ratio of 22.2x. This is roughly in line with market averages.

Growth & Financials

Otis Worldwide Corporation (OTIS) reported $14.31B in revenue for fiscal year 2024. This represents a 16% increase from $12.32B in 2017.

Otis Worldwide Corporation (OTIS) grew revenue by 0.4% over the past year. Growth has been modest.

Yes, Otis Worldwide Corporation (OTIS) is profitable, generating $1.35B in net income for fiscal year 2024 (11.5% net margin).

Dividend & Returns

Yes, Otis Worldwide Corporation (OTIS) pays a dividend with a yield of 1.66%. This makes it attractive for income-focused investors.

Otis Worldwide Corporation (OTIS) generated $1.32B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.