Otis Worldwide Corp

OTIS · NYSE · Industrials / Specialty Industrial Machinery

77.50USD+0.36 (+0.47%)

Price History

Full chart

Market Stats

Previous Close77.14

Open77.15

Day Range77.09 – 78.14

52-Week Range63.58 – 93.43

Volume2.58M

Market Cap27.74B

P/E (TTM)18.13

Forward P/E16.26

EPS4.02

Dividend Yield2.34%

Beta0.86

50-Day Avg69.51

200-Day Avg76.44

About

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of 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. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

Company Details

SectorIndustrials
IndustrySpecialty Industrial Machinery
CEOMs. Judith F. Marks
Employees72.00K
HeadquartersOne Carrier Place, Farmington, CT, United States, 06032, USA
Websitehttps://www.otis.com

Leadership

Ms. Judith F. MarksChair, President & CEO · b. 1964
Ms. Cristina MendezExecutive VP & CFO · b. 1981
Mr. Enrique Minarro ViserasEVP & Chief Operating Officer · b. 1978
Ms. Sally A. LohPresident of Otis Greater China · b. 1974
Mr. Michael Patrick RyanSenior VP & Chief Accounting Officer · b. 1970
Ms. Imelda SuitSenior VP, Treasurer & Interim Head of Investor Relations
Ms. Nora E. LaFreniere J.D.Executive VP & General Counsel · b. 1971
Ms. Randi TanguaySenior VP & Chief Communications Officer
Mr. Debraj ChowdhuryHead of Sales & Marketing
Ms. Kimberly GoskExecutive VP & Chief People Officer · b. 1974

Financials

Income Statement

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	12.32B	12.91B	13.12B	12.76B	14.30B	13.69B	14.21B	14.26B	14.43B
Growth (%)	-	+4.80%	+1.57%	-2.76%	+12.09%	-4.29%	+3.83%	+0.37%	+1.19%
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	30.04%	28.85%	29.17%	29.63%	29.33%	28.64%	29.51%	29.85%	30.28%
Operating Expense	1.79B	1.89B	2.01B	2.14B	2.08B	1.89B	2.01B	2.25B	2.24B
Operating Income	1.92B	1.83B	1.81B	1.64B	2.11B	2.03B	2.19B	2.01B	2.13B
Operating Margin	15.55%	14.21%	13.83%	12.85%	14.74%	14.86%	15.38%	14.08%	14.78%
EBITDA	2.17B	2.02B	1.99B	1.83B	2.30B	2.26B	2.19B	2.23B	2.31B
EBITDA Margin	17.64%	15.68%	15.20%	14.35%	16.09%	16.53%	15.38%	15.65%	15.97%
Net Income	636.00M	1.05B	1.12B	906.00M	1.25B	1.25B	1.41B	1.65B	1.38B
Net Income Margin	5.16%	8.12%	8.51%	7.10%	8.71%	9.16%	9.90%	11.53%	9.59%
R&D	175.00M	181.00M	163.00M	152.00M	159.00M	150.00M	144.00M	152.00M	152.00M
R&D as % of Total Revenue	1.42%	1.40%	1.24%	1.19%	1.11%	1.10%	1.01%	1.07%	1.05%
Interest Expense	40.00M	37.00M	39.00M	122.00M	136.00M	143.00M	150.00M	31.00M	196.00M
Interest Expense % of Total Revenue	0.32%	0.29%	0.30%	0.96%	0.95%	1.04%	1.06%	0.22%	1.36%

Balance Sheet

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	9.09B	9.13B	9.69B	10.71B	12.28B	9.82B	10.12B	11.32B	10.65B
Total Liabilities	4.93B	6.92B	7.36B	13.91B	15.26B	14.48B	14.84B	16.04B	15.92B
Total Equity	1.97B	1.57B	1.70B	-3.86B	-3.63B	-4.87B	-4.92B	-4.85B	-5.39B
Cash	1.55B	1.33B	1.45B	1.78B	1.56B	1.19B	1.27B	2.30B	1.10B
Total Debt	17.00M	27.00M	565.00M	6.50B	7.79B	7.21B	7.31B	8.74B	8.75B
Net Debt	-1.54B	-1.30B	-881.00M	4.71B	6.22B	6.02B	6.03B	6.44B	7.65B

Cash Flow

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	1.45B	1.55B	1.47B	1.48B	1.75B	1.56B	1.63B	1.56B	1.60B
Investing Cash Flow	-186.00M	-201.00M	-203.00M	-353.00M	-89.00M	-33.00M	-183.00M	-239.00M	-406.00M
Financing Cash Flow	-1.40B	-1.50B	-1.13B	-844.00M	58.00M	-3.65B	-1.35B	-234.00M	-2.42B
Capital Expenditure	133.00M	172.00M	145.00M	183.00M	156.00M	115.00M	138.00M	126.00M	152.00M
Free Cash Flow	1.32B	1.38B	1.32B	1.30B	1.59B	1.45B	1.49B	1.44B	1.44B
Dividends Paid	260.00M	260.00M	260.00M	260.00M	393.00M	465.00M	539.00M	606.00M	647.00M
FCF to OCF	90.83%	88.90%	90.13%	87.64%	91.09%	92.63%	91.52%	91.94%	90.48%
Dividend Paid to FCF	19.74%	18.87%	19.64%	20.05%	24.65%	32.18%	36.20%	42.17%	44.81%

Earnings

Report Date	Feb 7, 2020	May 6, 2020	Jul 28, 2020	Oct 26, 2020	Feb 1, 2021	Apr 26, 2021	Jul 26, 2021	Oct 25, 2021	Jan 31, 2022	Apr 25, 2022	Jul 27, 2022	Oct 26, 2022	Feb 1, 2023	Apr 26, 2023	Jul 26, 2023	Oct 25, 2023	Jan 31, 2024	Apr 24, 2024	Jul 24, 2024	Oct 30, 2024	Jan 29, 2025	Apr 23, 2025	Jul 23, 2025	Oct 29, 2025	Jan 28, 2026	Apr 22, 2026	Jul 22, 2026	Oct 28, 2026	Nov 4, 2026
EPS Estimate	0.00	0.46	0.44	0.56	0.59	0.63	0.72	0.73	0.70	0.74	0.79	0.78	0.75	0.75	0.86	0.88	0.86	0.86	1.03	0.97	0.96	0.91	1.03	1.00	1.03	0.90	1.00	1.00	0.99
EPS Actual	0.47	0.38	0.56	0.69	0.66	0.72	0.79	0.77	0.72	0.77	0.86	0.80	0.75	0.80	0.92	0.95	0.87	0.88	1.06	0.96	0.93	0.92	1.05	1.05	1.03	0.89	1.01	1.05	-
Surprise	-	-17.39%	27.27%	23.21%	11.86%	14.29%	9.72%	5.48%	2.86%	4.05%	8.86%	2.56%	0.00%	6.67%	6.98%	7.95%	1.16%	2.33%	2.91%	-1.03%	-3.13%	1.10%	1.94%	5.00%	0.00%	-1.11%	1.00%	5.00%	-
Timing	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-

Key Statistics & Ratios

Market Cap27.74B

Enterprise Value36.27B

Trailing P/E18.13

Forward P/E16.26

PEG Ratio1.68

Price / Sales1.86

Price / Book13.20

EPS4.02

Book Value-13.83

Revenue (TTM)14.91B

Gross Profit (TTM)4.52B

EBITDA2.64B

Profit Margin10.17%

Operating Margin15.13%

Return on Equity0.00%

Return on Assets14.25%

Shares Outstanding380.67M

Shares Float379.93M

Beta0.86

Dividend Yield2.34%

Dividend Rate1.76

Payout Ratio34.19%

Analyst Ratings

Buy

Based on 15 analystsTarget 86.15

Strong Buy
5
Buy
2
Hold
7
Strong Sell
1

Ownership Breakdown

Institutions: 97.63%
Insiders: 0.14%
Retail / Other: 2.23%

Top Institutional Holders

BlackRock Inc
31.62M8.31%
Vanguard Capital Management, LLC
25.06M6.58%
Vanguard Portfolio Management, LLC
19.96M5.24%
State Street Corp
16.66M4.38%
Geode Capital Management, LLC
12.59M3.31%
Franklin Templeton Inc
11.78M3.10%
Morgan Stanley - Brokerage Accounts
10.96M2.88%
FMR Inc
10.11M2.66%
NORGES BANK
8.60M2.26%
ClearBridge Advisors, LLC
7.46M1.96%
T. Rowe Price Associates, Inc.
6.10M1.60%
Mitsubishi UFJ Asset Management Co.,Ltd
5.92M1.55%
D. E. Shaw & Co LP
5.44M1.43%
Independent Franchise Partners LLP
5.15M1.35%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
12.07M3.17%
Vanguard 500 Index Investor
10.00M2.63%
Vanguard MStar Mid Cap Index Instl
8.15M2.14%
American Funds Income Fd of Amer A
5.61M1.47%
iShares Core S&P 500 ETF
5.07M1.33%
Fidelity 500 Index
4.98M1.31%

Dividends

20264×

0.44Nov 13, 20260.44Aug 14, 20260.44May 15, 20260.42Feb 13, 2026

20254×

0.42Nov 14, 20250.42Aug 15, 20250.42May 16, 20250.39Feb 14, 2025

20244×

0.39Nov 15, 20240.39Aug 16, 20240.39May 16, 20240.34Feb 15, 2024

20234×

0.34Nov 16, 20230.34Aug 17, 20230.34May 18, 20230.29Feb 16, 2023

20224×

0.29Nov 17, 20220.29Aug 18, 20220.29May 19, 20220.24Feb 17, 2022

20214×

0.24Nov 18, 20210.24Aug 19, 20210.24May 20, 20210.20Feb 11, 2021