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Otis Worldwide Corp (OTIS) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · Industrial Machinery & Supplies & Components · DATA UPDATED 2026-07-16

Otis Worldwide Corp (OTIS) operates in the Industrial Machinery & Supplies & Components industry and is headquartered in Farmington, United States with about 72,000 employees. Its market capitalization is roughly $27 billion. In the fiscal year ended 2025-12-31, OTIS reported $14.4B in revenue and $1.4B in net income.

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.

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OTIS Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-03-312025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Total Revenue$14.6B$14.4B$14.3B$14.2B$13.7B$14.3B$12.8B$13.1B$12.9B$12.3B
Gross Profit$4.5B$4.4B$4.3B$4.2B$3.9B$4.2B$3.8B$3.8B$3.7B$3.7B
Gross Margin %30.4%30.3%29.8%29.5%28.6%29.3%29.6%29.2%28.8%30.0%
Operating Income (EBIT)$2.3B$2.1B$2.0B$2.2B$2.0B$2.1B$1.6B$1.8B$1.8B$1.9B
Operating Margin %15.4%14.8%14.1%15.4%14.9%14.7%12.8%13.8%14.2%15.6%
Net Income$1.5B$1.4B$1.6B$1.4B$1.3B$1.2B$906M$1.1B$1.0B$636M
Net Margin %10.1%9.6%11.5%9.9%9.2%8.7%7.1%8.5%8.1%5.2%
EBITDA$2.4B$2.3B$2.2B$2.2B$2.3B$2.3B$1.8B$2.0B$2.0B$2.2B
Earnings Per Share (EPS)$3.76$3.52$4.07$3.39$2.96$2.89$2.08$2.58$2.42$1.46
Shares Outstanding (M)390M394M404M415M423M431M435M433M433M436M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OTIS Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$3.6B$3.8B$3.7B$3.6B$3.4B$3.7B$3.5B$3.6B
Gross Profit$1.1B$1.1B$1.1B$1.1B$1.0B$1.1B$1.1B$1.1B
Gross Margin %30.3%30.2%30.7%30.3%29.9%29.2%30.4%30.0%
Operating Income (EBIT)$539M$589M$586M$547M$411M$531M$363M$570M
Operating Margin %15.1%15.5%15.9%15.2%12.3%14.4%10.2%15.8%
Net Income$340M$374M$374M$393M$243M$337M$540M$415M
Net Margin %9.5%9.8%10.1%10.9%7.2%9.2%15.2%11.5%
EBITDA$580M$635M$626M$591M$453M$622M$410M$612M
Earnings Per Share (EPS)$0.87$0.95$0.95$0.99$0.61$0.83$1.34$1.02
Shares Outstanding (M)390M394M393M397M399M404M403M406M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OTIS Free Cash Flow History

Cash flowTTM → 2026-03-312025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Cash from Operations (CFO)$1.8B$1.6B$1.6B$1.6B$1.6B$1.8B$1.5B$1.5B$1.6B$1.4B
Capital Expenditures (CapEx)$151M$152M$126M$138M$115M$156M$183M$145M$172M$133M
Free Cash Flow (FCF)$1.7B$1.4B$1.4B$1.5B$1.4B$1.6B$1.3B$1.3B$1.4B$1.3B
FCF Margin %11.4%10.0%10.1%10.5%10.6%11.2%10.2%10.1%10.7%10.7%
Dividends Paid$655M$647M$606M$539M$465M$393M$260M$260M$260M$260M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OTIS Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$413M$817M$374M$215M$190M$690M$394M$308M
Capital Expenditures (CapEx)$33M$45M$37M$36M$34M$39M$32M$24M
Free Cash Flow (FCF)$380M$772M$337M$179M$156M$651M$362M$284M
FCF Margin %10.7%20.3%9.1%5.0%4.7%17.7%10.2%7.9%
Dividends Paid$163M$164M$164M$164M$155M$156M$155M$157M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

OTIS Balance Sheet History

Balance sheet2026-03-312025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Total Assets$10.5B$10.7B$11.3B$10.1B$9.8B$12.3B$10.7B$9.7B$9.1B$9.1B
Cash & Cash Equivalents$834M$1.1B$2.3B$1.3B$1.2B$1.6B$1.8B$1.4B$1.3B$1.6B
Total Liabilities$16.0B$15.9B$16.0B$14.8B$14.5B$15.3B$13.9B$7.4B$6.9B$4.9B
Total Debt (Short + Long-Term)$7.8B$8.0B$8.4B$7.0B$6.9B$7.5B$6.1B$174M$27M$17M
Total Shareholders' Equity($5.7B)($5.4B)($4.8B)($4.9B)($4.9B)($3.6B)($3.9B)$1.7B$1.6B$2.0B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive OTIS viewer.

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