Financial Snapshot

Revenue
$10.59B
TTM
Gross Margin
30.08%
TTM
Net Earnings
$1.308B
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
98.98%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
-$4.728B
Q4 2024
Cash
Q4 2024
P/E
30.88
Nov 29, 2024 EST
Free Cash Flow
$786.0M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Revenue $14.26B $14.21B $13.69B $14.30B $12.76B $13.12B $12.92B $12.32B
YoY Change 0.37% 3.83% -4.29% 12.09% -2.76% 1.57% 4.8%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Revenue $14.26B $14.21B $13.69B $14.30B $12.76B $13.12B $12.92B $12.32B
Cost Of Revenue $10.02B $9.765B $10.11B $8.977B $9.292B $9.189B $8.621B
Gross Profit $4.193B $3.920B $4.193B $3.779B $3.826B $3.726B $3.702B
Gross Profit Margin 29.51% 28.64% 29.33% 29.63% 29.17% 28.85% 30.04%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $1.861B $1.884B $1.763B $1.948B $1.924B $1.810B $1.735B $1.617B
YoY Change -1.22% 6.86% -9.5% 1.25% 6.3% 4.32% 7.3%
% of Gross Profit 44.93% 44.97% 46.46% 50.91% 47.31% 46.56% 43.68%
Research & Development $152.0M $144.0M $150.0M $159.0M $152.0M $163.0M $181.0M $175.0M
YoY Change 5.56% -4.0% -5.66% 4.61% -6.75% -9.94% 3.43%
% of Gross Profit 3.43% 3.83% 3.79% 4.02% 4.26% 4.86% 4.73%
Depreciation & Amortization $120.0M $126.0M $118.0M $116.0M $100.0M $85.00M $86.00M $177.0M
YoY Change -4.76% 6.78% 1.72% 16.0% 17.65% -1.16% -51.41%
% of Gross Profit 3.01% 3.01% 2.77% 2.65% 2.22% 2.31% 4.78%
Operating Expenses $2.013B $2.028B $1.913B $2.107B $2.076B $1.973B $1.916B $1.755B
YoY Change -0.74% 6.01% -9.21% 1.49% 5.22% 2.97% 9.17%
Operating Profit $2.008B $2.186B $2.033B $2.108B $1.639B $1.814B $1.835B $1.947B
YoY Change -8.14% 7.53% -3.56% 28.62% -9.65% -1.14% -5.75%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Interest Expense $31.00M -$150.0M -$143.0M -$136.0M -$122.0M $14.00M
YoY Change -120.67% 4.9% 5.15% 11.48% -971.43%
% of Operating Profit 1.54% -6.86% -7.03% -6.45% -7.44% 0.77%
Other Income/Expense, Net -$5.000M -$2.000M -$11.00M -$6.000M $33.00M $58.00M $41.00M
YoY Change 150.0% -81.82% 83.33% -118.18% -43.1% 41.46%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Pretax Income $2.039B $2.031B $1.888B $1.961B $1.511B $1.861B $1.893B $1.957B
YoY Change 0.39% 7.57% -3.72% 29.78% -18.81% -1.69% -3.27%
Income Tax $305.0M $533.0M $519.0M $541.0M $455.0M $594.0M $683.0M $1.148B
% Of Pretax Income 14.96% 26.24% 27.49% 27.59% 30.11% 31.92% 36.08% 58.66%
Net Earnings $1.645B $1.406B $1.253B $1.246B $906.0M $1.116B $1.049B $636.0M
YoY Change 17.0% 12.21% 0.56% 37.53% -18.82% 6.39% 64.94%
Net Earnings / Revenue 11.53% 9.9% 9.16% 8.71% 7.1% 8.51% 8.12% 5.16%
Basic Earnings Per Share $4.10 $3.42 $2.98 $2.91 $2.09 $2.55 $2.42
Diluted Earnings Per Share $4.07 $3.39 $2.96 $2.89 $2.08 $2.55 $2.42 $1.469M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $1.274B $1.189B $1.565B $1.782B $1.446B $1.329B $1.554B
YoY Change 7.15% -24.03% -12.18% 23.24% 8.8% -14.48%
Cash & Equivalents $1.274B $1.189B $1.565B $1.782B $1.446B $1.329B $1.554B
Short-Term Investments
Other Short-Term Assets $259.0M $316.0M $2.292B $446.0M $251.0M $269.0M $222.0M
YoY Change -18.04% -86.21% 413.9% 77.69% -6.69% 21.17%
Inventory $612.0M $617.0M $622.0M $659.0M $571.0M $637.0M $1.102B
Prepaid Expenses
Receivables $4.255B $4.021B $3.782B $3.606B $3.390B $3.377B $2.634B
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $6.400B $6.143B $8.261B $6.493B $5.658B $5.612B $5.512B
YoY Change 4.18% -25.64% 27.23% 14.76% 0.82% 1.81%
Property, Plant & Equipment $1.143B $1.168B $1.300B $1.316B $1.256B $678.0M $626.0M
YoY Change -2.14% -10.15% -1.22% 4.78% 85.25% 8.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $328.0M $287.0M $297.0M $310.0M $263.0M $224.0M $214.0M
YoY Change 14.29% -3.37% -4.19% 17.87% 17.41% 4.67%
Total Long-Term Assets $3.717B $3.676B $4.018B $4.217B $4.029B $3.523B $3.577B
YoY Change 1.12% -8.51% -4.72% 4.67% 14.36% -1.51%
Total Assets $10.12B $9.819B $12.28B $10.71B $9.687B $9.135B $9.089B
YoY Change
Accounts Payable $1.878B $1.717B $1.556B $1.453B $1.331B $1.351B $1.303B
YoY Change 9.38% 10.35% 7.09% 9.17% -1.48% 3.68%
Accrued Expenses $1.757B $1.794B $1.896B $1.875B $1.623B $1.487B $3.505B
YoY Change -2.06% -5.38% 1.12% 15.53% 9.15% -57.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $94.00M $0.00 $701.0M $34.00M $27.00M $17.00M
YoY Change -100.0% -100.0% 1961.76% 25.93% 58.82%
Long-Term Debt Due $32.00M $670.0M $24.00M
YoY Change -95.22% 2691.67%
Total Short-Term Liabilities $6.479B $6.843B $6.247B $6.673B $5.374B $5.303B $4.933B
YoY Change -5.32% 9.54% -6.38% 24.17% 1.34% 7.5%
Long-Term Debt $6.866B $6.098B $7.249B $5.262B $0.00 $0.00 $0.00
YoY Change 12.59% -15.88% 37.76%
Other Long-Term Liabilities $1.492B $1.542B $1.767B $1.976B $1.987B $1.617B $1.493B
YoY Change -3.24% -12.73% -10.58% -0.55% 22.88% 8.31%
Total Long-Term Liabilities $8.358B $7.640B $9.016B $7.238B $1.987B $1.617B $1.493B
YoY Change 9.4% -15.26% 24.56% 264.27% 22.88% 8.31%
Total Liabilities $15.04B $14.69B $15.90B $14.54B $7.987B $7.566B $7.124B
YoY Change 2.4% -7.64% 9.37% 82.07% 5.56% 6.2%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $40.397 Billion

About Otis Worldwide Corp

Otis Worldwide Corp. engages in the manufacture, installation, and provision of escalator and escalator services. The company is headquartered in Farmington, Connecticut and currently employs 71,000 full-time employees. The company went IPO on 2020-03-18. The Company’s segments include New Equipment and Service. The New Equipment segment designs, manufactures, sell and installs a range of passenger and freight elevators, and escalators and moving walkways for residential, commercial and infrastructure projects. Its elevator and escalator solutions include Gen2, Gen3, Gen360 and SkyRise. Through its Service segment, it performs maintenance and repair services, and modernization services to upgrade elevators and escalators. Through its network of service sales personnel, it sells its services directly to customers in all significant elevator and escalator verticals around the world. The company serves customers in over 200 countries and territories around the world. The SkyRise advanced elevator platform combines cutting-edge technologies and precision engineering to deliver solutions for residential, commercial and mixed-use skyscrapers.

Industry: Electronic & Other Electrical Equipment (No Computer Equip) Peers: DOVER Corp Fortive Corp Ingersoll Rand Inc. IDEX CORP /DE/ ILLINOIS TOOL WORKS INC Xylem Inc. NORDSON CORP Parker-Hannifin Corp STANLEY BLACK & DECKER, INC.