Otis Worldwide Corporation (OTIS)

Otis Worldwide Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	14,174	14,261	14,209	13,685	14,298	12,756
Revenue Growth (YoY)	-0.88%	0.37%	3.83%	-4.29%	12.09%	-2.76%
Cost of Revenue	9,897	9,976	10,010	9,743	10,083	8,955
Gross Profit	4,277	4,285	4,199	3,942	4,215	3,801
Selling, General & Admin	1,816	1,818	1,828	1,727	1,909	1,769
Research & Development	153	152	144	150	159	152
Other Operating Expenses	-34	-35	-17	-31	-24	-38
Operating Expenses	1,935	1,935	1,955	1,846	2,044	1,883
Operating Income	2,342	2,350	2,244	2,096	2,171	1,918
Interest Expense	-170	-169	-150	-143	-136	-122
Currency Exchange Gain (Loss)	14	7	20	16	9	-4
EBT Excluding Unusual Items	2,186	2,188	2,114	1,969	2,044	1,792
Merger & Restructuring Charges	-170	-136	-83	-60	-56	-77
Asset Writedown	-28	-18	-	-	-	-85
Legal Settlements	-33	-12	-	-	-	-
Other Unusual Items	-50	17	-	-21	-27	-119
Pretax Income	1,905	2,039	2,031	1,888	1,961	1,511
Income Tax Expense	289	305	533	519	541	455
Earnings From Continuing Operations	1,616	1,734	1,498	1,369	1,420	1,056
Minority Interest in Earnings	-81	-89	-92	-116	-174	-150
Net Income	1,535	1,645	1,406	1,253	1,246	906
Net Income to Common	1,535	1,645	1,406	1,253	1,246	906
Net Income Growth	7.49%	17.00%	12.21%	0.56%	37.53%	-18.82%
Shares Outstanding (Basic)	400	402	411	420	428	433
Shares Outstanding (Diluted)	402	404	415	423	431	435
Shares Change (YoY)	-2.43%	-2.46%	-1.99%	-1.95%	-0.74%	0.35%
EPS (Basic)	3.84	4.10	3.42	2.98	2.91	2.09
EPS (Diluted)	3.83	4.07	3.39	2.96	2.89	2.08
EPS Growth	10.54%	20.06%	14.53%	2.42%	38.94%	-18.33%
Free Cash Flow	1,453	1,437	1,489	1,445	1,594	1,297
Free Cash Flow Per Share	3.61	3.55	3.59	3.42	3.69	2.98
Dividend Per Share	1.560	1.510	1.310	1.110	0.920	0.600
Dividend Growth	14.71%	15.27%	18.02%	20.65%	53.33%	-
Gross Margin	30.18%	30.05%	29.55%	28.80%	29.48%	29.80%
Operating Margin	16.52%	16.48%	15.79%	15.32%	15.18%	15.04%
Profit Margin	10.83%	11.54%	9.89%	9.16%	8.71%	7.10%
Free Cash Flow Margin	10.25%	10.08%	10.48%	10.56%	11.15%	10.17%
EBITDA	2,521	2,531	2,437	2,287	2,374	2,109
EBITDA Margin	17.79%	17.75%	17.15%	16.71%	16.60%	16.53%
D&A For EBITDA	179	181	193	191	203	191
EBIT	2,342	2,350	2,244	2,096	2,171	1,918
EBIT Margin	16.52%	16.48%	15.79%	15.32%	15.18%	15.04%
Effective Tax Rate	15.17%	14.96%	26.24%	27.49%	27.59%	30.11%
Revenue as Reported	14,174	14,261	14,209	13,685	14,298	12,756

Updated Apr 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q