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OTIS

Otis Worldwide Corporation

OTIS

Otis Worldwide Corporation • NYSE
$88.85 ▲ 0.32% (+0.28)
Market Cap $35.09 B
52w High $106.83
52w Low $84.25
Dividend Yield 1.65%
P/E 26.21
Volume 924.15K
Outstanding Shares 394.95M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.69B ▲ $547M ▲ $374M ▼ 10.136% ▼ $0.96 ▼ $626M ▲
Q2-2025 $3.595B ▲ $519M ▼ $393M ▲ 10.932% ▲ $1 ▲ $591M ▲
Q1-2025 $3.35B ▼ $577M ▲ $243M ▼ 7.254% ▼ $0.613 ▼ $453M ▼
Q4-2024 $3.675B ▲ $537M ▼ $337M ▼ 9.17% ▼ $0.845 ▼ $579M ▲
Q3-2024 $3.548B $713M $540M 15.22% $1.349 $560M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $840M ▲ $10.771B ▲ $16.057B ▲ $-5.422B ▼
Q2-2025 $688M ▼ $10.495B ▼ $15.699B ▼ $-5.367B ▼
Q1-2025 $1.918B ▼ $11.178B ▼ $16.169B ▲ $-5.128B ▼
Q4-2024 $2.3B ▲ $11.316B ▲ $16.044B ▲ $-4.848B ▲
Q3-2024 $827M $10.261B $15.041B $-4.901B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $374M ▼ $374M ▲ $-56M ▲ $-168M ▲ $137M ▲ $337M ▲
Q2-2025 $393M ▲ $215M ▲ $-159M ▲ $-1.294B ▼ $-1.226B ▼ $179M ▲
Q1-2025 $243M ▼ $190M ▼ $-161M ▼ $-428M ▼ $-392M ▼ $156M ▼
Q4-2024 $337M ▼ $690M ▲ $46M ▲ $793M ▲ $1.489B ▲ $651M ▲
Q3-2024 $540M $394M $-113M $-423M $-119M $362M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
New Equipment
New Equipment
 $2.64Bn ▲$1.16Bn ▼$1.28Bn ▲$1.26Bn ▼
Services
Services
 $4.47Bn ▲$2.19Bn ▼$2.32Bn ▲$2.43Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Otis shows a pattern of steady, incremental improvement rather than rapid growth. Sales have been broadly stable over the past few years, but profits have risen, suggesting better pricing, mix, and cost control. Operating profit has held up well even when revenue dipped, which points to a resilient service-heavy model. Net income and earnings per share have climbed consistently since the spin-off, reflecting both margin improvement and disciplined execution.

Balance Sheet

Balance Sheet The balance sheet is functional but not conservative. Total assets have grown moderately and cash on hand has increased, which adds some flexibility. At the same time, the company relies heavily on debt financing and reports negative equity, a capital structure that often results from spin-off accounting and shareholder returns. This means Otis is more financially leveraged, so balance sheet strength is not its main safety net; its stability instead depends heavily on steady cash generation.

Cash Flow

Cash Flow Cash flow is a clear strength. Operating cash flow has been consistently healthy, and the company spends relatively little on capital investments because the business is not very asset-intensive. As a result, free cash flow is strong and stable year after year, closely tracking or exceeding reported profit. This reliable cash engine supports dividends, buybacks, and debt service, and is a key part of Otis’s appeal as a mature industrial business.

Competitive Edge

Competitive Edge Otis holds a leading global position in elevators and escalators, with an enormous installed base and a very large service portfolio. The service business is recurring, sticky, and typically more profitable than new equipment, creating a meaningful moat once units are installed. Its long-established brand, global footprint, and technical know-how make it hard for smaller rivals to displace. However, it competes head‑to‑head with other strong global players, so pricing and growth in new equipment can be competitive and sensitive to construction cycles, especially in markets like China.

Innovation and R&D

Innovation and R&D Otis’s innovation focus is on digital, connectivity, energy efficiency, and the passenger experience rather than on heavy hardware alone. Platforms like Gen2, Gen3, and Gen360, combined with the Otis ONE IoT system, enable predictive maintenance, remote monitoring, and integration with smart buildings. This shifts part of the business toward data and software-enabled services, deepening customer relationships and adding potential recurring digital revenue. R&D spending is modest as a share of sales but appears targeted and effective, with recognition as a top innovator supporting the view that they are keeping up with—or ahead of—key peers.

Summary

Overall, Otis looks like a mature, high-quality industrial services company: modest revenue growth, improving profitability, and strong, predictable cash flow. Its main strengths are its enormous installed base, recurring service revenue, digital service capabilities, and disciplined cost and cash management. Key trade-offs include a leveraged capital structure and exposure to construction and modernization cycles in major markets. The strategic push into connected, energy-efficient, and digitally enabled elevators aims to reinforce its moat and deepen customer lock‑in, positioning the company for steady, rather than explosive, long‑term growth if well executed.

NEWS

November 25, 2025 · 10:27 AM UTC

ICARO Media Group Enters New Multiyear Digital Network Deal with Elevator Giant Otis in Spain, Portugal and Africa

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November 19, 2025 · 8:01 AM UTC

Expanded Otis Gen3 Core™ Elevator Offers Larger Cabs, More Lifting Capacity for Growing 2-8 Story Building Segment in the U.S. and Canada

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October 30, 2025 · 4:15 PM UTC

Otis Declares Quarterly Dividend of $0.42 per Share

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October 29, 2025 · 6:09 AM UTC

OTIS REPORTS THIRD QUARTER 2025 RESULTS

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October 15, 2025 · 7:00 AM UTC

Otis Powers Vertical Mobility in My Home Group's Hyderabad Ultra Luxury Projects

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