Otis Worldwide Corporation (BIT:1OTIS)

Otis Worldwide Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	14,261	14,209	13,685	14,298	12,756
Revenue Growth (YoY)	0.37%	3.83%	-4.29%	12.09%	-2.76%
Cost of Revenue	10,004	10,016	9,765	10,105	8,977
Gross Profit	4,257	4,193	3,920	4,193	3,779
Selling, General & Admin	1,861	1,884	1,763	1,948	1,924
Research & Development	152	144	150	159	152
Other Operating Expenses	236	-21	-26	-22	64
Operating Income	2,008	2,186	2,033	2,108	1,639
Interest Expense	31	-150	-143	-136	-122
Other Non-Operating Income (Expense)	-	-5	-2	-11	-6
Total Non-Operating Income (Expense)	31	-155	-145	-147	-128
Pretax Income	2,039	2,031	1,888	1,961	1,511
Provision for Income Taxes	305	533	519	541	455
Net Income	1,645	1,406	1,253	1,246	906
Minority Interest in Earnings	89	92	116	174	150
Net Income to Common	1,645	1,406	1,253	1,246	906
Net Income Growth	17.00%	12.21%	0.56%	37.53%	-18.82%
Shares Outstanding (Basic)	402	411	420	428	433
Shares Outstanding (Diluted)	404	415	423	431	435
Shares Change (YoY)	-2.46%	-1.99%	-1.95%	-0.74%	0.35%
EPS (Basic)	4.10	3.42	2.98	2.91	2.09
EPS (Diluted)	4.07	3.39	2.96	2.89	2.08
EPS Growth	20.06%	14.53%	2.42%	38.94%	-18.43%
Free Cash Flow	1,437	1,489	1,445	1,594	1,297
Free Cash Flow Growth	-3.49%	3.04%	-9.35%	22.90%	-2.04%
Free Cash Flow Per Share	3.55	3.59	3.42	3.69	2.98
Dividends Per Share	1.510	1.310	1.110	0.920	0.600
Dividend Growth	15.27%	18.02%	20.65%	53.33%	-
Gross Margin	29.85%	29.51%	28.64%	29.33%	29.63%
Operating Margin	14.08%	15.38%	14.86%	14.74%	12.85%
Profit Margin	12.16%	10.54%	10.00%	9.93%	8.28%
FCF Margin	10.08%	10.48%	10.56%	11.15%	10.17%
EBITDA	2,189	2,379	2,224	2,311	1,830
EBITDA Margin	15.35%	16.74%	16.25%	16.16%	14.35%
EBIT	2,008	2,186	2,033	2,108	1,639
EBIT Margin	14.08%	15.38%	14.86%	14.74%	12.85%
Effective Tax Rate	14.96%	26.24%	27.49%	27.59%	30.11%

Updated Dec 31, 2024. Data Source: Fiscal.ai. Standard template. Financial Sources.