Otis Worldwide Corporation (OTIS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.57B | 3.8B | 3.69B | 3.6B | 3.35B | 3.67B | 3.55B | 3.6B | 3.44B | 3.62B | 3.52B | 3.72B | 3.35B | 3.44B | 3.34B | 3.49B | 3.41B | 3.57B | 3.62B | 3.7B |
| Revenue Growth % | 6.45% | 3.29% | 4% | -0.17% | -2.53% | 1.52% | 0.71% | -3.2% | 2.72% | 5.26% | 5.35% | 6.65% | -1.99% | -3.64% | -7.62% | -5.76% | 0.18% | 2.18% | 10.77% | 22.19% |
| Cost of Goods Sold | 2.48B | 2.65B | 2.56B | 2.51B | 2.35B | 2.6B | 2.47B | 2.52B | 2.41B | 2.55B | 2.48B | 2.64B | 2.35B | 2.48B | 2.37B | 2.5B | 2.41B | 2.53B | 2.56B | 2.63B |
| COGS % of Revenue | 69.66% | 69.78% | 69.3% | 69.71% | 70.12% | 70.83% | 69.62% | 70.04% | 70.09% | 70.5% | 70.31% | 70.89% | 70.23% | 72.08% | 70.96% | 71.82% | 70.53% | 70.89% | 70.72% | 70.95% |
| Gross Profit | 1.08B | 1.15B | 1.13B | 1.09B | 1B | 1.07B | 1.08B | 1.08B | 1.03B | 1.07B | 1.05B | 1.08B | 996M | 960M | 971M | 983M | 1.01B | 1.04B | 1.06B | 1.07B |
| Gross Margin % | 30.34% | 30.22% | 30.7% | 30.29% | 29.88% | 29.17% | 30.38% | 29.96% | 29.91% | 29.5% | 29.69% | 29.11% | 29.77% | 27.92% | 29.04% | 28.18% | 29.47% | 29.11% | 29.28% | 29.05% |
| Gross Profit Growth % | 8.09% | 7% | 5.1% | 0.93% | -2.63% | 0.37% | 3.06% | -0.37% | 3.21% | 11.25% | 7.72% | 10.17% | -0.99% | -7.6% | -8.4% | -8.56% | -1.28% | 2.67% | 8.27% | 20.65% |
| Operating Expenses | 543M | 558M | 547M | 542M | 590M | 541M | 715M | 509M | 484M | 546M | 475M | 503M | 483M | 469M | 442M | 496M | 480M | 543M | 518M | 514M |
| OpEx % of Revenue | 15.23% | 14.7% | 14.82% | 15.08% | 17.61% | 14.72% | 20.15% | 14.13% | 14.08% | 15.08% | 13.48% | 13.52% | 14.44% | 13.64% | 13.22% | 14.22% | 14.06% | 15.21% | 14.31% | 13.89% |
| Selling, General & Admin | 510M | 512M | 504M | 499M | 464M | 452M | 455M | 449M | 462M | 498M | 452M | 479M | 455M | 448M | 417M | 439M | 459M | 503M | 479M | 484M |
| SG&A % of Revenue | 14.3% | 13.49% | 13.66% | 13.88% | 13.85% | 12.3% | 12.82% | 12.47% | 13.44% | 13.76% | 12.83% | 12.88% | 13.6% | 13.03% | 12.47% | 12.59% | 13.44% | 14.09% | 13.23% | 13.08% |
| Research & Development | 38M | 41M | 36M | 38M | 37M | 37M | 40M | 39M | 36M | 37M | 36M | 36M | 35M | 38M | 37M | 38M | 37M | 46M | 39M | 39M |
| R&D % of Revenue | 1.07% | 1.08% | 0.98% | 1.06% | 1.1% | 1.01% | 1.13% | 1.08% | 1.05% | 1.02% | 1.02% | 0.97% | 1.05% | 1.1% | 1.11% | 1.09% | 1.08% | 1.29% | 1.08% | 1.05% |
| Other Operating Expenses | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 0 | -1000K |
| Operating Income | 539M | 589M | 586M | 547M | 411M | 531M | 363M | 570M | 544M | 522M | 571M | 580M | 513M | 491M | 529M | 487M | 526M | 496M | 542M | 561M |
| Operating Margin % | 15.12% | 15.52% | 15.88% | 15.22% | 12.27% | 14.45% | 10.23% | 15.83% | 15.83% | 14.42% | 16.21% | 15.59% | 15.33% | 14.28% | 15.82% | 13.96% | 15.41% | 13.9% | 14.97% | 15.16% |
| Operating Income Growth % | 31.14% | 10.92% | 61.43% | -4.04% | -24.45% | 1.72% | -36.43% | -1.72% | 6.04% | 6.31% | 7.94% | 19.1% | -2.47% | -1.01% | -2.4% | -13.19% | 3.34% | 12.73% | 19.38% | 34.86% |
| EBITDA | 580M | 634M | 630M | 591M | 453M | 579M | 411M | 611M | 588M | 570M | 617M | 632M | 560M | 537M | 577M | 536M | 574M | 547M | 592M | 612M |
| EBITDA Margin % | 16.26% | 16.7% | 17.07% | 16.44% | 13.52% | 15.76% | 11.58% | 16.97% | 17.11% | 15.75% | 17.51% | 16.99% | 16.74% | 15.62% | 17.25% | 15.37% | 16.81% | 15.33% | 16.35% | 16.54% |
| EBITDA Growth % | 28.04% | 9.5% | 53.28% | -3.27% | -22.96% | 1.58% | -33.39% | -3.32% | 5% | 6.15% | 6.93% | 17.91% | -2.44% | -1.83% | -2.53% | -12.42% | 2.5% | 11.41% | 17.93% | 31.61% |
| D&A (Non-Cash Add-back) | 41M | 45M | 44M | 44M | 42M | 48M | 48M | 41M | 44M | 48M | 46M | 52M | 47M | 46M | 48M | 49M | 48M | 51M | 50M | 51M |
| EBIT | 539M | 589M | 586M | 547M | 411M | 574M | 363M | 570M | 544M | 522M | 571M | 580M | 513M | 491M | 529M | 487M | 526M | 496M | 542M | 561M |
| Net Interest Income | -59M | -64M | -61M | -26M | -45M | -48M | 150M | -27M | -44M | -41M | -39M | -37M | -33M | -36M | -35M | -35M | -37M | -44M | -33M | -27M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 59M | 64M | 61M | 26M | 45M | 48M | -150M | 27M | 44M | 41M | 39M | 37M | 33M | 36M | 35M | 35M | 37M | 44M | 33M | 27M |
| Other Income/Expense | -59M | -63M | -65M | -26M | -45M | -48M | 149M | -26M | -44M | -45M | -39M | -38M | -33M | -36M | -36M | -36M | -37M | -49M | -35M | -29M |
| Pretax Income | 480M | 526M | 521M | 521M | 366M | 483M | 512M | 544M | 500M | 477M | 532M | 542M | 480M | 455M | 493M | 451M | 489M | 447M | 507M | 532M |
| Pretax Margin % | 13.46% | 13.86% | 14.12% | 14.49% | 10.93% | 13.14% | 14.43% | 15.11% | 14.55% | 13.18% | 15.1% | 14.57% | 14.35% | 13.23% | 14.74% | 12.93% | 14.32% | 12.52% | 14.01% | 14.37% |
| Income Tax | 127M | 142M | 129M | 98M | 110M | 130M | -45M | 94M | 126M | 133M | 137M | 135M | 128M | 137M | 143M | 103M | 136M | 137M | 128M | 153M |
| Effective Tax Rate % | 26.46% | 27% | 24.76% | 18.81% | 30.05% | 26.92% | -8.79% | 17.28% | 25.2% | 27.88% | 25.75% | 24.91% | 26.67% | 30.11% | 29.01% | 22.84% | 27.81% | 30.65% | 25.25% | 28.76% |
| Net Income | 340M | 374M | 374M | 393M | 243M | 337M | 540M | 415M | 353M | 323M | 376M | 376M | 331M | 297M | 324M | 321M | 311M | 281M | 331M | 326M |
| Net Margin % | 9.53% | 9.85% | 10.14% | 10.93% | 7.25% | 9.17% | 15.22% | 11.52% | 10.27% | 8.92% | 10.67% | 10.11% | 9.89% | 8.64% | 9.69% | 9.2% | 9.11% | 7.87% | 9.14% | 8.81% |
| Net Income Growth % | 39.92% | 10.98% | -30.74% | -5.3% | -31.16% | 4.33% | 43.62% | 10.37% | 6.65% | 8.75% | 16.05% | 17.13% | 6.43% | 5.69% | -2.11% | -1.53% | 0.97% | 11.95% | 24.44% | 45.54% |
| Net Income (Continuing) | 353M | 384M | 392M | 423M | 256M | 353M | 557M | 450M | 374M | 344M | 395M | 407M | 352M | 318M | 350M | 348M | 353M | 310M | 379M | 379M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 245M | 121M | 136M | 163M | 137M | 120M | 121M | 164M | 208M | 204M | 178M | 227M | 219M | 206M | 180M | 245M | 2.09B | 641M | 621M | 602M |
| EPS (Diluted) | 0.87 | 0.95 | 0.95 | 0.99 | 0.61 | 0.84 | 1.34 | 1.02 | 0.87 | 0.79 | 0.91 | 0.90 | 0.79 | 0.71 | 0.77 | 0.76 | 0.73 | 0.65 | 0.77 | 0.76 |
| EPS Growth % | 42.62% | 13.1% | -29.1% | -2.94% | -29.89% | 6.86% | 47.43% | 12.86% | 9.82% | 10.83% | 18.16% | 19.44% | 8.94% | 8.31% | 0.07% | 0.19% | 2.39% | 13.7% | 25.75% | 46.38% |
| EPS (Basic) | 0.88 | 0.96 | 0.96 | 1.00 | 0.61 | 0.85 | 1.35 | 1.03 | 0.87 | 0.79 | 0.92 | 0.91 | 0.80 | 0.71 | 0.77 | 0.76 | 0.73 | 0.66 | 0.78 | 0.76 |
| Diluted Shares Outstanding | 389.6M | 393.68M | 392.8M | 397.3M | 399.1M | 404.4M | 402.7M | 405.5M | 408.1M | 410.9M | 413.7M | 416M | 417.8M | 418.7M | 421.2M | 424.2M | 427.7M | 429.1M | 430.6M | 431.6M |
| Basic Shares Outstanding | 388.1M | 393.68M | 391M | 395.1M | 396.6M | 398.7M | 400.2M | 402.9M | 405.2M | 408M | 410.8M | 412.7M | 414.3M | 415.8M | 418.5M | 421.4M | 424.2M | 424.9M | 425.8M | 427.9M |
| Dividend Payout Ratio | 47.94% | 43.85% | 43.85% | 41.73% | 63.79% | 46.29% | 28.7% | 37.83% | 39.09% | 43.03% | 36.97% | 37.5% | 36.25% | 40.4% | 37.35% | 38.01% | 32.8% | 36.3% | 30.82% | 31.29% |