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Otis Worldwide Corporation

Otis Worldwide Corporation

NYSE•OTIS
CEO: Ms. Judith F. Marks
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 2020-03-19
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.
Contact Information
One Carrier Place, Farmington, CT, 06032, United States
860-674-3000
www.otis.com
Market Cap
$34.38B
P/E (TTM)
25.3
36.5
Dividend Yield
1.9%
52W High
$106.83
52W Low
$84.25
52W Range
12%
Rank26Top 9.6%
5.9
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Average • 5.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2024

Financial Dashboard

Q3 2025 Data

Revenue

$3.69B+4.00%
4-Quarter Trend

EPS

$0.96-28.85%
4-Quarter Trend

FCF

$337.00M-6.91%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Quarterly Operating Profit Q3 Operating Profit reached $586M, significantly up from $363M in 2024, driven by organic volume growth and productivity.
Net Sales Increased 4% Quarterly Net Sales grew 4% to $3,690M, supported by 2% organic volume growth, primarily in the Service segment.
Debt Management Active Repaid $1.3B in notes during April 2025; issued $500M in new ten-year notes in September 2025 to manage maturity profile.
Share Repurchase Activity Repurchased $809M of Common Stock in nine months 2025; $1.3B remains authorized under the new $2.0B program.

Risk Factors

High Transformation Costs Nine months restructuring costs totaled $113M, including $72M in UpLift restructuring charges, impacting current period earnings.
Higher Effective Tax Rate Q3 effective tax rate rose to 24.8% from negative 8.8% due to absence of 2024 German tax litigation benefits.
Macroeconomic Pressures Persist Inflationary pressures and tariffs are expected to increase product/service costs, potentially impacting performance through remainder of 2025.
German Tax Dispute Ongoing Indemnity payable to RTX estimated at $218M; dispute over final amount could result in further expense recognition.

Outlook

UpLift Savings Realization UpLift restructuring actions expected to generate $102M in annual recurring savings by 2025; $63M realized in nine months.
China Reorganization Completion China reorganization actions estimated at $40M, expected to be mostly completed and cash paid by the end of 2025.
Cash Position Maintained Expect to fund requirements through operations; cash and equivalents stand at $840M as of September 30, 2025.
New Credit Facility Available New $1.5B unsecured revolving credit facility entered in August 2025 serves as backstop for commercial paper issuance.

Peer Comparison

Revenue (TTM)

United Airlines Holdings, Inc.UAL
$58.37B
+4.2%
W.W. Grainger, Inc.GWW
$17.75B
+4.8%
EMCOR Group, Inc.EME
$16.24B
+14.1%

Gross Margin (Latest Quarter)

Verisk Analytics, Inc.VRSK
70.1%
+0.9pp
Rockwell Automation, Inc.ROK
69.4%
+31.2pp
United Airlines Holdings, Inc.UAL
64.6%
+34.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GWW$48.74B30.133.7%30.7%
AME$46.93B31.914.5%17.0%
ROK$44.45B51.524.9%32.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.1%
Moderate Growth
4Q Net Income CAGR
3.5%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$1.02
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $3.69B+4.0%
    |
    EPS: $0.96-28.9%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 24, 2025|
    Revenue: $3.60B-0.2%
    |
    EPS: $1.00-2.9%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 24, 2025|
    Revenue: $3.35B-2.5%
    |
    EPS: $0.61-29.7%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 4, 2025|
    Revenue: $14.26B+0.4%
    |
    EPS: $4.10+20.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $3.55B+0.7%
    |
    EPS: $1.35+47.4%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 25, 2024|
    Revenue: $3.60B-3.2%
    |
    EPS: $1.03+13.1%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 25, 2024|
    Revenue: $3.44B+2.7%
    |
    EPS: $0.87+9.0%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 2, 2024|
    Revenue: $14.21B+3.8%
    |
    EPS: $3.42+14.6%
    Beat