Otis Worldwide Corporation (OTIS) Financial Statements

Otis Worldwide Corporation

OTIS · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$14.43B	$14.26B	$14.21B	$13.69B	$14.30B	$12.76B	$13.12B	$12.91B
Research & Development	$152.00M	$152.00M	$144.00M	$150.00M	$159.00M	$152.00M	$163.00M	$181.00M
Selling, General & Administrative	$1.98B	$1.86B	$1.88B	$1.76B	$1.95B	$1.92B	$1.81B	$1.74B
Operating Expenses	$12.19B	$12.02B	$12.04B	$11.68B	$12.21B	$11.05B	$11.27B	$11.11B
Operating Income	$2.13B	$2.01B	$2.19B	$2.03B	$2.11B	$1.64B	$1.81B	$1.83B
Interest Expense	$217.00M	$183.00M	$155.00M	$140.00M	$136.00M	$124.00M	$0.00	$14.00M
Income Before Taxes	$1.93B	$2.04B	$2.03B	$1.89B	$1.96B	$1.51B	$1.86B	$1.89B
Provision for Income Taxes	$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
Basic EPS	$3.52	$4.10	$3.42	$2.98	$2.91	$2.09	$2.55	$2.42
Diluted EPS	$3.50	$4.07	$3.39	$2.96	$2.89	$2.08	$2.55	$2.42
Basic Shares Outstanding	392.80M	401.70M	411.40M	420.00M	427.70M	433.20M	433.10M	433.10M
Diluted Shares Outstanding	394.90M	404.40M	414.60M	423.00M	431.40M	434.60M	433.10M	433.10M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$4.03	$4.03	$4.04	4	↑1 ↓1
Dec 2027	$4.47	$4.36	$4.62	5	↑1 ↓0
Dec 2028	$4.94	$4.82	$5.20	4	↑2 ↓0
Dec 2029	$5.56	$5.38	$5.74	2	↑1 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: OTIS
Type: Stock
Sector: Technology
Industry: Consumer Electronics/Appliances
Country: North America
Exchange: NYSE

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation, service and modernization of elevators and escalators, we move 2.5 billion people a day and maintain approximately 2.5 million customer units worldwide - the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 45,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories.

Key Issues

Bullish view

Yahoo Finance reports that analysts expect revenue growth in the third quarter, which could support the operating outlook.

Bearish view

Analysts also expect lower adjusted earnings per share, and weaker new-equipment demand remains a concern; Zacks says Otis lacks the combination of factors associated with a likely earnings beat.

Analyst Consensus

See all

Hold

11 analysts

$75

Current

—

Low

$83

Average

—

High

Average target implies +10.62% versus the current price.

Earnings History

BeatMissNo estimate

Otis Worldwide Corporation

Analyst Estimates

Peers