NYSE: OTIS
Otis Worldwide
Industrials · Electronic & Other Electrical Equipment (No Computer Equip)
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$24.5B
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| Period | Market cap |
|---|---|
| FY2018, ended Dec 31, 2018 | — |
| FY2019, ended Dec 31, 2019 | — |
| FY2020, ended Dec 31, 2020 | $29.3B |
| FY2021, ended Dec 31, 2021 | $37.0B |
| FY2022, ended Dec 31, 2022 | $32.5B |
| FY2023, ended Dec 31, 2023 | $36.3B |
| FY2024, ended Dec 31, 2024 | $36.7B |
| FY2025, ended Dec 31, 2025 | $34.0B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $24.5B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$15.1B
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| Period | Revenue |
|---|---|
| FY2018, ended Dec 31, 2018 | $12.9B |
| FY2019, ended Dec 31, 2019 | $13.1B |
| FY2020, ended Dec 31, 2020 | $12.8B |
| FY2021, ended Dec 31, 2021 | $14.3B |
| FY2022, ended Dec 31, 2022 | $13.7B |
| FY2023, ended Dec 31, 2023 | $14.2B |
| FY2024, ended Dec 31, 2024 | $14.3B |
| FY2025, ended Dec 31, 2025 | $14.4B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $15.1B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2018, ended Dec 31, 2018 | $1.05B | $1.38B |
| FY2019, ended Dec 31, 2019 | $1.12B | $1.32B |
| FY2020, ended Dec 31, 2020 | $906M | $1.30B |
| FY2021, ended Dec 31, 2021 | $1.25B | $1.59B |
| FY2022, ended Dec 31, 2022 | $1.25B | $1.45B |
| FY2023, ended Dec 31, 2023 | $1.41B | $1.49B |
| FY2024, ended Dec 31, 2024 | $1.65B | $1.44B |
| FY2025, ended Dec 31, 2025 | $1.38B | $1.44B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $1.56B | $1.67B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$866M
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| Period | Cash and cash equivalents |
|---|---|
| FY2018, ended Dec 31, 2018 | $1.33B |
| FY2019, ended Dec 31, 2019 | $1.45B |
| FY2020, ended Dec 31, 2020 | $1.78B |
| FY2021, ended Dec 31, 2021 | $1.56B |
| FY2022, ended Dec 31, 2022 | $1.19B |
| FY2023, ended Dec 31, 2023 | $1.27B |
| FY2024, ended Dec 31, 2024 | $2.30B |
| FY2025, ended Dec 31, 2025 | $1.10B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $866M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$8.28B
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| Period | Total debt |
|---|---|
| FY2018, ended Dec 31, 2018 | — |
| FY2019, ended Dec 31, 2019 | $39.0M |
| FY2020, ended Dec 31, 2020 | $5.96B |
| FY2021, ended Dec 31, 2021 | $7.27B |
| FY2022, ended Dec 31, 2022 | $6.77B |
| FY2023, ended Dec 31, 2023 | $6.90B |
| FY2024, ended Dec 31, 2024 | $8.32B |
| FY2025, ended Dec 31, 2025 | $7.96B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $8.28B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 12.1% since 2018.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.381M
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| Period | Shares outstanding |
|---|---|
| FY2018, ended Dec 31, 2018 | 433M |
| FY2019, ended Dec 31, 2019 | 433M |
| FY2020, ended Dec 31, 2020 | 434M |
| FY2021, ended Dec 31, 2021 | 425M |
| FY2022, ended Dec 31, 2022 | 415M |
| FY2023, ended Dec 31, 2023 | 405M |
| FY2024, ended Dec 31, 2024 | 397M |
| FY2025, ended Dec 31, 2025 | 389M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 381M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $733M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2018, ended Dec 31, 2018 | — | $38.0M |
| FY2019, ended Dec 31, 2019 | $0 | $37.0M |
| FY2020, ended Dec 31, 2020 | $0 | $63.0M |
| FY2021, ended Dec 31, 2021 | $725M | $65.0M |
| FY2022, ended Dec 31, 2022 | $850M | $67.0M |
| FY2023, ended Dec 31, 2023 | $800M | $64.0M |
| FY2024, ended Dec 31, 2024 | $1.01B | $73.0M |
| FY2025, ended Dec 31, 2025 | $809M | $80.0M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $807M | $74.0M |
Revenue (TTM)
$15.1B
+5.8% YoY
Net income (TTM)
$1.56B
+15.5% YoY
Cash
$866M
+3.1% YoY
Total debt
$8.28B
+2.4% YoY
Valuation
At current price- Market Cap
- $28.8B
- P/E
- 18.5×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.9×
- Price / Book
- n/m. Market cap / shareholders' equity
- EV / EBITDA
- 14.5×
Growth
Trailing 12 months- Revenue (TTM)
- $15.1B
- Revenue Growth YoY
- 5.8%
- Revenue CAGR 3Y
- 1.8%
- Revenue CAGR 5Y
- 2.5%
- EPS Growth YoY
- 18.6%
- Net Income Growth YoY
- 15.5%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- 15.3%
- Net Margin
- 10.3%
- FCF Margin
- 11.1%
- Return on Equity
- n/m. Net income (TTM) / average equity
Earnings
Trailing 12 months- Net Income
- $1.56B
- EPS (diluted)
- $4.02
- EBITDA
- $2.49B
- Operating Income
- $2.32B
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $866M
- Total Debt
- $8.28B
- Net Debt
- $7.41B
- Total Assets
- $11.3B
- Total Liabilities
- $16.5B
- Shareholders' Equity
- −$5.43B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.83B
- Capital Expenditure
- $161M
- Free Cash Flow
- $1.67B
Dividends and risk
Last 12 months- Dividend Yield
- 2.3%
- Dividend / Share
- $1.72
- Beta (5Y)
- 0.86
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 5.8% year over year, at $15.1B.
Note
Net margin of 10.3% over the last 12 months.
Note
Net debt of $7.41B is 3.0× EBITDA.
Note
Free cash flow of $1.67B, 11.1% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 29, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K53Some concerns
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 5, 2026 · Read the filing on EDGAR
- Sales rose 1% to $14.43 billion and operating profit rose 6% to $2.13 billion, but net income fell 16% to $1.38 billion.
- Net income fell mainly because 2024 included one-time German tax and interest gains, which did not repeat.
- Service profit rose 9% to $2.37 billion, while New Equipment profit fell 27% on China and Americas declines, price and tariffs.
- Otis reached about $200 million in annual UpLift savings; it repaid $1.3 billion of debt, and cash fell to $1.1 billion.
Business momentum
Mixed
“Net income attributable to Otis Worldwide Corporation decreased in 2025 compared to 2024, due to a higher effective tax rate and higher interest expense”
Outlook
Cautious
“These macroeconomic trends could continue to impact our business, including impacts to overall financial performance in 2026”
Financial stress
Low
“we currently do not expect any significant impact to our capital and financial resources from these macroeconomic conditions, including to our overall liquidity position”
Tone against the previous report
About the same
Red flags
- Minor
Other
“This estimate could further change due to the parties' continuing dispute concerning the scope of the final indemnity amount, which will be resolved pursuant to the procedures set forth in the TMA.”
Positives
Service profit keeps growing
“Service operating profit increased $189 million including foreign exchange tailwinds of $36 million.”
Modernization and maintenance demand is growing
“The organic sales increase of 5% is due to increases in maintenance and repair of 4% and modernization of 9%.”
UpLift cost savings reached target
“The annual run-rate savings generated by UpLift are approximately $200 million.”
Concerns
New Equipment profit fell sharply
“The impacts of lower volume, unfavorable price and tariff headwinds, and regional and product mix were partially offset by productivity, including the benefits of restructuring actions.”
Higher restructuring costs raised overhead
“Selling, general and administrative expenses increased $118 million in 2025 compared to 2024, driven by higher restructuring costs, annual wage increases, other employment-related costs and the impact from foreign exchange”
Large cash payments tied to the separation and UpLift
“Separation-related and UpLift-related net payments were approximately $258 million and $97 million, respectively, in 2025”
New risks since the previous report
Falling New Equipment sales in the Americas
“The organic sales decrease of (7)% was driven by a greater than (20)% decline in China and high single-digit decline in Americas”
China weakness could slow Service growth
“have recently impacted and may continue to impact our ability to maintain New Equipment net sales in China at rates consistent with prior years as well as future growth of our Service segment”
Safety, data and legal risks from using AI in products
“we face evolving risks related to safety, data governance, regulatory compliance and intellectual property”
Biggest risks named
- Weak demand and reliance on China for New Equipment
- Tariffs and changing trade policy
- Currency swings and international operations
- Supplier problems and raw material price increases
- Tax and indemnity liabilities from the separation
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −3 | |
| Outlook | −2 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | −0.9 | |
| New risks | −1.5 | |
| Score | 53 | |
Written by AI (Claude Opus 5.5) from the report’s text. 13 of 13 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 29, 2026 | Pro | |||
| 10-K | Feb 5, 2026 | 53 | Mixed | 1 minor | |
| 10-K | Feb 4, 2025 | 55 | Mixed | None | |
| 10-K | Feb 2, 2024 | 65 | Improving | None | |
| 10-K | Feb 3, 2023 | 48 | Weakening | 1 minor | |
| 10-K | Feb 4, 2022 | 71 | Strong improvement | None | |
| 10-K | Feb 5, 2021 | 51 | Weakening | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 29, 2026. View filings on SEC EDGAR