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Financials · OTIS

Otis Worldwide Corporation (OTIS) financials

For the twelve months ended Sep 30, 2026, Otis Worldwide Corporation reported $15.13B of revenue and $1.56B of net income.

Revenue, TTM
$15.13B
Revenue growth, YoY
+5.8%
Net income, TTM
$1.56B
Net income growth, YoY
+15.5%
Net margin
10.3%
Free cash flow, TTM
$1.67B
EPS, diluted, TTM
$4.02
EPS growth, YoY
+18.2%
Cash
$866.00M
Total debt
$8.28B
P/E
19.32
P/S
1.99
Market cap
$30.06B
Annual revenue$14.43B
FY2018FY2025
Annual net income$1.38B
FY2018FY2025
Annual free cash flow$1.44B
FY2018FY2025

OTIS revenue and earnings growth

OTIS revenueQ3 2026$3.91B

Quarter YoY
+6.1%
QoQ
+1.4%
FY YoY
+1.2%
5Y CAGR
+2.5%

OTIS revenue was $3.91B in fiscal Q3 2026 (ended Sep 30, 2026), up 6.1% from a year earlier and up 1.4% from the prior quarter. For the full fiscal 2025 it was $14.43B, up 1.2% from fiscal 2024. Compound annual growth was +2.5% over 5 years. It rose in 5 of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.

OTIS net incomeQ3 2026$414.00M

Quarter YoY
+10.7%
QoQ
-3.3%
FY YoY
-15.9%
5Y CAGR
+8.8%

OTIS net income was $414.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.7% from a year earlier and down 3.3% from the prior quarter. For the full fiscal 2025 it was $1.38B, down 15.9% from fiscal 2024. Compound annual growth was +8.8% over 5 years. It rose in 5 of the last 7 fiscal years.

OTIS EPSQ3 2026$1.08

Quarter YoY
+13.7%
QoQ
-3.6%
FY YoY
-14.0%
5Y CAGR
+11.0%

OTIS diluted EPS was $1.08 in fiscal Q3 2026 (ended Sep 30, 2026), up 13.7% from a year earlier and down 3.6% from the prior quarter. For the full fiscal 2025 it was $3.50, down 14.0% from fiscal 2024. Compound annual growth was +11.0% over 5 years.

OTIS free cash flowQ3 2026$298.00M

Quarter YoY
-11.6%
QoQ
+33.6%
FY YoY
+0.5%
5Y CAGR
+2.2%

OTIS free cash flow was $298.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 11.6% from a year earlier and up 33.6% from the prior quarter. For the full fiscal 2025 it was $1.44B, up 0.5% from fiscal 2024. Compound annual growth was +2.2% over 5 years. It rose in 3 of the last 7 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue$14.43B$14.26B$14.21B$13.69B$14.30B$12.76B$13.12B$12.91B
Research and development$152.00M$152.00M$144.00M$150.00M$159.00M$152.00M$163.00M$181.00M
Selling, general and admin$1.98B$1.86B$1.88B$1.76B$1.95B$1.92B$1.81B$1.74B
Operating income$2.13B$2.01B$2.19B$2.03B$2.11B$1.64B$1.81B$1.83B
Pre-tax income$1.93B$2.04B$2.03B$1.89B$1.96B$1.51B$1.86B$1.89B
Income tax$479.00M$305.00M$533.00M$519.00M$541.00M$455.00M$594.00M$683.00M
Net income$1.38B$1.65B$1.41B$1.25B$1.25B$906.00M$1.12B$1.05B
EPS, basic$3.52$4.10$3.42$2.98$2.91$2.09$2.55$2.42
EPS, diluted$3.50$4.07$3.39$2.96$2.89$2.08$2.55$2.42
Diluted shares394.9M404.4M414.6M423.0M431.4M434.6M433.1M433.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Cash and equivalents$1.10B$2.32B$1.27B$1.20B$3.48B$1.80B$1.46B$1.35B
Receivables$3.69B$3.43B$3.54B$3.36B$3.23B$3.15B$2.86B-
Inventory$613.00M$557.00M$612.00M$617.00M$622.00M$659.00M$571.00M-
Current assets$6.50B$7.67B$6.40B$6.14B$8.26B$6.49B$5.66B-
Goodwill$1.70B$1.55B$1.59B$1.57B$1.67B$1.77B$1.65B$1.69B
Total assets$10.65B$11.32B$10.12B$9.82B$12.28B$10.71B$9.69B-
Current liabilities$7.66B$7.75B$6.48B$6.84B$6.25B$6.67B$5.37B-
Short-term debt$1.06B$1.35B$32.00M$670.00M$24.00M$0$0-
Long-term debt$6.90B$6.97B$6.87B$6.10B$7.25B$5.26B$5.00M-
Total debt$7.96B$8.32B$6.90B$6.77B$7.27B$5.26B$5.00M-
Total liabilities$15.92B$16.04B$14.84B$14.48B$15.26B$13.91B$7.36B-
Shareholders' equity-$5.39B-$4.79B-$4.86B-$4.80B-$3.14B-$3.40B$2.13B$2.01B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Operating cash flow$1.60B$1.56B$1.63B$1.56B$1.75B$1.48B$1.47B$1.55B
Capital expenditures$152.00M$126.00M$138.00M$115.00M$156.00M$183.00M$145.00M$172.00M
Free cash flow$1.44B$1.44B$1.49B$1.45B$1.59B$1.30B$1.32B$1.38B
Investing cash flow-$406.00M-$164.00M-$183.00M-$33.00M-$89.00M-$353.00M-$203.00M-$201.00M
Financing cash flow-$2.42B-$309.00M-$1.35B-$3.65B$58.00M-$844.00M-$1.13B-$1.50B
Dividends paid$647.00M$606.00M$539.00M$465.00M$393.00M$260.00M$0$0
Share repurchases$809.00M$1.01B$800.00M$850.00M$725.00M$0$0-
Stock-based compensation$80.00M$73.00M$64.00M$67.00M$65.00M$63.00M$37.00M$38.00M
Depreciation and amortization$175.00M$181.00M$193.00M$191.00M$203.00M$191.00M$180.00M$190.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue growth, YoY1.2%0.4%3.8%-4.3%12.1%-2.8%1.6%-
Net income growth, YoY-15.9%17.0%12.2%0.6%37.5%-18.8%6.4%-
EPS growth, YoY-14.0%20.1%14.5%2.4%38.9%-18.4%5.4%-
Operating margin14.8%14.1%15.4%14.9%14.7%12.8%13.8%14.2%
Net margin9.6%11.5%9.9%9.2%8.7%7.1%8.5%8.1%
Free cash flow margin10.0%10.1%10.5%10.6%11.1%10.2%10.1%10.7%
Return on equity------52.4%52.1%
Return on assets13.0%14.5%13.9%12.8%10.1%8.5%11.5%-
Current ratio0.850.990.990.901.320.971.05-
Debt to equity------0.00-

Source: XBRL data Otis Worldwide Corporation files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

OTIS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
OTIS$15.13B+5.8%$1.56B10.3%$30.06B
GE$52.58B+19.6%$9.10B17.3%$334.02B
GEV$44.04B+16.9%$10.37B23.5%$204.89B
SONY¥12.48T+3.7%-¥326.87B-2.6%$159.16B
EMR$18.64B+4.8%$2.58B13.8%$90.56B
SN$7.26B-$844.85M11.6%$31.42B
AOS$3.80B-0.7%$494.60M13.0%$8.67B
KN$666.10M+16.1%$71.70M10.8%$2.65B
WHR$14.56B-6.4%-$123.00M-0.8%$2.01B

OTIS FAQ

8 questions
  • What is OTIS revenue?
    Otis Worldwide Corporation (OTIS) reported $15.13B of revenue for the twelve months ended Sep 30, 2026. That is up 5.8% from the year before. Revenue for fiscal 2025 was $14.43B.
  • Is OTIS profitable?
    Yes. Otis Worldwide Corporation earned $1.56B in net income for the twelve months ended Sep 30, 2026, a net margin of 10.3%.
  • How much cash and debt does OTIS have?
    Otis Worldwide Corporation reported $866.00M in cash and cash equivalents and $8.28B of debt on its most recent balance sheet in SEC filings.
  • How fast is OTIS revenue growing?
    Otis Worldwide Corporation's revenue changed +1.2% in fiscal 2025, to $14.43B. Its compound annual growth rate was +2.5% over 5 years.
  • What is OTIS free cash flow?
    Otis Worldwide Corporation generated $1.67B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.83B less capital expenditures.
  • What is OTIS earnings per share?
    Diluted earnings per share were $4.02 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did OTIS last report financial results?
    The latest statements here come from Otis Worldwide Corporation's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this OTIS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Otis Worldwide Corporation files with the SEC. It is provided for information only and is not investment advice.