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Otis Worldwide Corporation

OTIS Industrials Specialty Industrial Machinery

Otis Worldwide Corporation’s revenue for fiscal 2025 (year ended December 2025) was $14.4 billion, up 1.19% from fiscal 2024.

Revenue
+6.07%
EPS
+16.5%
Free cash flow
−11.5%
Total debt
+2.36%

Quarter to September 2026, against a year earlier

79.80 0.01 +0.01%
Market cap
$30.3B
P/E
19.6×
Fwd P/E
18.9×
Dividend yield
2.16%
F-score
6/9
Altman Z
3.11
Beneish M
−2.40
Dividend safety
73/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Service
  • New Equipment

Every year since 2018 →

Insider Decisions last twelve months

Sold, $m 17.01
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 5 — — 1 — — — — — 1
Insider Ownership 0.18%

Capital & Financial Ratios $m

Size
Market Cap 30,260.00
Revenue ttm 15,135.00
Net income ttm 1,612.00
Free cash flow ttm 1,699.00
Net debt Q 7,409.00
Valuation
P/E 19.57
Forward P/E 18.90
Price / sales 2.01
Forward P/S Powerpack
Price / FCF 17.90
Price / book 0.00
Financial health
Current ratio Q 0.86 (below 1: weak)
Debt / equity Q (1.57) (negative: negative equity)
Interest coverage Q 9.12
Growth
Revenue growth Q +6.07% (above 0%: growing)
Operating income growth Q +5.80% (above 0%: growing)
EPS, this year −0.17% (below 0%: weak)
EPS, next year A +11.06%
Revenue, next year A +6.29%
EPS, past 5 yrs +10.97%
EPS, next 5 yrs A +7.11%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.5×, against a ten-year median of 2.8×; over the ten years it ranged from 2.1× in 2020 to 3.4× in 2024.
P/E against its own 10 years 9.83%
10-year low 10-year high
P/S against its own 10 years 13.91%
10-year low 10-year high
EV/Sales against its own 10 years 21.64%
10-year low 10-year high
EV/FCF against its own 10 years 20.26%
10-year low 10-year high

Dividends raised every year since 2020

Yield
2.16%
Annual rate
1.72
Payout ratio
42.4%
Growth, 2020–25
+22.4%/yr
  1. 0.60 ’20
  2. 0.92 ’21 +53
  3. 1.11 ’22 +21
  4. 1.31 ’23 +18
  5. 1.51 ’24 +15
  6. 1.65 ’25 +9
  7. 1.74 ’26e +5
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,274 2,300 1,096 866
Receivables 3,538 3,428 3,688 4,058
Inventory 612 557 613 689
Other 976 1,385 1,104 1,305
6,400 7,670 6,501 6,918
2023 2024 2025 Q'26
Payables 1,878 1,879 2,142 2,145
ST’ Debt 32 1,351 1,056 1,224
Other 2,696 2,598 2,611 2,979
6,479 7,749 7,656 8,052

Compound Annual Growth %

10y 5y 3y
Sales — 2.50% 1.79%
Cash Flow — 1.52% 0.76%
Earnings — 8.84% 3.37%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.00 Actual 1.05

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.03 1.03 Met by 0.00
Q1 FY26 0.91 0.89 Miss by 0.02
Q2 FY26 1.00 1.01 Beat by 0.01
Q3 FY26 1.00 1.05 Beat by 0.05
Q4 FY26 1.10 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.87 1.12 1.12 — —
’25 0.61 0.99 0.95 0.95 3.50
’24 0.86 1.02 1.34 0.84 4.07
’23 0.79 0.90 0.91 0.79 3.39
’22 0.73 0.76 0.77 0.71 2.96
’21 0.71 0.76 0.77 0.65 2.89
’20 0.38 0.52 0.61 0.58 2.08
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,566 3,859 3,914 — —
’25 3,350 3,595 3,690 3,796 14,431
’24 3,437 3,601 3,548 3,675 14,261
’23 3,346 3,720 3,523 3,620 14,209
’22 3,414 3,488 3,344 3,439 13,685
’21 3,408 3,701 3,620 3,569 14,298
’20 2,966 3,029 3,268 3,493 12,756
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 413 267 337 — —
’25 190 215 374 817 1,596
’24 171 308 394 690 1,563
’23 278 446 306 597 1,627
’22 504 353 239 464 1,560
’21 585 533 355 277 1,750
’20 159 664 348 309 1,480
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 380 223 299 — —
’25 156 213 338 797 1,504
’24 140 284 363 656 1,443
’23 253 409 272 562 1,496
’22 474 326 215 430 1,445
’21 541 493 324 236 1,594
’20 120 628 311 238 1,297
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 7.8% a year for ten years.

Implied
7.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 12,323 12,915 13,118 12,756 14,298 13,685 14,209 14,261 14,431 15,135 +2.0% 15,338 16,019 16,788 +5.2%
Gross margin, % — 30.04 28.85 29.17 29.63 29.33 28.64 29.51 29.85 30.28 29.86 +0.2 pt
EBT — 1,957 1,893 1,861 1,511 1,961 1,888 2,031 2,039 1,934 2,105 (0.1%)
EBT margin, % — 15.88 14.66 14.19 11.85 13.72 13.80 14.29 14.30 13.40 13.91 (2.5) pt
Net income — 0 1,210 1,267 1,056 1,420 1,369 1,498 1,734 1,455 1,612 n/m
Per share, $
Per share, $ Revenue — 28.46 29.82 30.29 29.45 33.43 32.58 34.54 35.50 36.74 39.72 +3.2%
Earnings — 1.47 2.42 2.55 2.09 2.91 2.98 3.42 4.10 3.52 4.08 +11.5%
Cash flow — 3.35 3.58 3.39 3.42 4.09 3.71 3.95 3.89 4.06 4.81 +2.4%
Capex — 0.00 (0.40) (0.33) (0.42) (0.36) (0.27) (0.32) (0.30) (0.23) (0.35) n/m
Free cash flow — 3.35 3.18 3.06 2.99 3.73 3.44 3.64 3.59 3.83 4.46 +1.7%
Book value — 0.00 0.00 5.15 (7.84) (7.35) (11.43) (11.80) (11.91) (13.61) (13.82) n/m
Shares, m — 433 433 433 433 428 420 411 402 393 386 (1.2%)
Valuation, ×
Valuation, × P/E — 15.47 15.47 15.47 32.32 29.92 26.64 25.86 22.59 24.75 19.57 23.2
P/S — 1.49 1.49 1.49 2.29 2.60 2.43 2.56 2.61 2.38 2.01 2.2
P/B — 8.78 8.78 8.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.9
EV/Sales — 1.39 1.39 1.39 2.62 2.87 2.84 2.96 3.03 2.85 2.50 2.4
EV/FCF — 13.74 13.74 13.74 25.77 25.75 26.86 28.08 29.96 27.37 22.26 22.8
Cash, $m
Cash, $m Operating cash flow — 1,450 1,550 1,469 1,480 1,750 1,560 1,627 1,563 1,596 1,834 +1.2%
Capex — (133) (172) (145) (183) (156) (115) (131) (120) (92) (135) (4.5%)
Free cash flow — 1,450 1,378 1,324 1,297 1,594 1,445 1,496 1,443 1,504 1,699 +0.5%
Balance, $m
Balance, $m Working capital — — 309 284 (180) 2,014 (700) (79) (79) (1,155) (1,134) n/m
Net debt — — (1,302) (1,407) 4,164 3,798 5,579 5,624 6,024 6,860 7,409 n/m
Shareholders’ equity — — — 2,231 (3,395) (3,144) (4,799) (4,855) (4,785) (5,346) (5,264) n/m
Returns, %
Returns, % ROA — 0.00 0.00 23.04 8.88 10.84 11.34 14.11 15.35 12.60 14.09 +12.6 pt
ROIC — — 0.00 137.59 133.21 201.45 162.90 177.67 101.29 88.05 67.69 +88.1 pt
ROE — 0.00 64.18 58.74 (155.67) (38.11) (31.55) (29.13) (34.13) (27.32) (29.31) (27.3) pt
People
People Employees — — — 69,000 69,000 70,000 69,000 71,000 72,000 72,000 — +0.7%
Revenue/emp, $m — 0.00 0.00 0.19 0.18 0.20 0.20 0.20 0.20 0.20 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Otis Worldwide Corporation designs, manufactures, installs, maintains and modernizes elevators and escalators. Founded in 1853 and headquartered in Farmington, the company is led by Chair, President and CEO Judith F. Marks.

Its New Equipment business supplies passenger and freight elevators, escalators and moving walkways for residential and commercial buildings and infrastructure projects. Customers include developers, general contractors and government agencies. Otis sells equipment directly and also uses agents and distributors in some markets.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Service 9,442 65.43%
New Equipment 4,989 34.57%
Gross margin 30.28%
Operating margin 14.78%
Pre-tax margin 13.40%

Revenue by segment since 2018

Otis Worldwide Corporation vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ROK Rockwell Automation, Inc. $42.3B 35.6× 33.8× +7.88% (above 0%: growing) +40.38% (above 0%: growing) +33.74% (above 0%: growing) 49.46% 21.75% Compare
IR Ingersoll Rand Inc. $31.4B 22.9× 32.9× +5.62% (above 0%: growing) +180.65% (above 0%: growing) +91.49% (above 0%: growing) 44.76% 37.90% Compare
OTIS Otis Worldwide Corporation $30.3B 19.6× 18.9× +6.07% (above 0%: growing) +16.47% (above 0%: growing) −11.54% (below 0%: shrinking) 29.51% 15.84%
DOV Dover Corporation $26.9B 23.5× 22.9× +7.51% (above 0%: growing) +12.73% (above 0%: growing) +3.58% (above 0%: growing) 40.44% 18.77% Compare
XYL Xylem Inc. $22.9B 22.1× 21.3× −2.95% (below 0%: shrinking) +33.08% (above 0%: growing) −16.49% (below 0%: shrinking) 41.21% 17.49% Compare
SYM Symbotic Inc. $21.2B 354× 220× +21.74% (above 0%: growing) n/m +22.12% (above 0%: growing) 22.32% 4.56% Compare
ITT ITT Inc. $17.5B 40.5× 43.4× +44.19% (above 0%: growing) −15.34% (below 0%: shrinking) +93.91% (above 0%: growing) 0.00% 0.00% Compare
NDSN Nordson Corporation $17.3B 31.3× 31.5× +10.27% (above 0%: growing) +22.87% (above 0%: growing) +4.57% (above 0%: growing) 55.49% 27.28% Compare
IEX IDEX Corporation $16.4B 30.8× 31.3× +8.31% (above 0%: growing) +14.94% (above 0%: growing) +13.57% (above 0%: growing) 45.13% 21.86% Compare
Median of peers $22.1B 31.0× 32.2× +8.10% +22.87% +17.85% 42.99% 20.26%

All 79 Specialty Industrial Machinery stocks →

From the latest earnings call

Updated

  • Judy Marks said modernization orders and backlog grew in the quarter, while new equipment orders increased outside China.
  • Cristina Mendez said repair pricing and higher volumes helped service margin improve sequentially, though the margin remained below its year-earlier level.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 93.42%
Held by the ten largest 44.96%
Holder Shares Stake Change
Vanguard 49.07m 12.89% +169.39k
BlackRock 31.62m 8.31% −600.49k
Franklin Templeton 19.25m 5.06% +5.03m
State Street 16.66m 4.38% +463.49k
Geode Capital Management 12.59m 3.31% +138.20k
Morgan Stanley 10.96m 2.88% −1.99m
Fidelity (FMR) 10.11m 2.66% +2.13m
Norges Bank 8.60m 2.26% +8.60m
Mitsubishi UFJ 6.19m 1.63% −162.35k
T. Rowe Price 6.10m 1.60% −2.97m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 17 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 16.98m 9.54m 139.00
2024 42.10m 40.09m 209.00
2023 15.92m 21.05m 199.00
2022 14.48m 15.28m 172.00
2021 13.77m 26.77m 188.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Otis Worldwide Corporation (OTIS) Latest News

31 Oct

Impact 3 · · The Motley Fool

28 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · Zacks
Impact 4 · · PR Newswire
Impact 3 · · Associated Press
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · InvestorsHub earnings
Impact 3 · · StockStory
Impact 3 · · Zacks

27 Oct

Impact 3 · · StockStory

26 Oct

Impact 3 · · Zacks

24 Oct

Impact 4 · · Simply Wall St.

23 Oct

Impact 3 · · Zacks

21 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · Barchart

15 Oct

Impact 3 · · PR Newswire

8 Oct

Impact 3 · · Simply Wall St.

7 Oct

Impact 3 · · PR Newswire

22 Sep

Impact 3 · · StockStory

15 Sep

Impact 3 ·

17 Aug

Impact 3 ·

24 Jul

Impact 4 ·
Impact 3 ·

23 Jul

Impact 3 ·
Impact 3 · · Moby transcript

22 Jul

Impact 3 · · The Motley Fool transcript
Impact 3 · transcript

OTIS metrics, ten years each

stockrow.com/OTIS · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com