OTISNYSEElectronic & Other Electrical Equipment (No Computer Equip)Fiscal year ends December 31
Otis Worldwide Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$71.04−0.29 (-0.41%)
Close on Oct 19, 2026
- Market cap
- $27.24B
- P/E (TTM)
- 18.3
- Dividend yield
- 2.32%
Margins
Share of revenue, fiscal years 2017 to 2025
Operating margin
14.8%+1.9 pts over 5 years
Net margin
9.6%+2.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.2% | +1.8% | +2.5% | – | |
| Operating income | +6.2% | +1.6% | +5.4% | – | |
| Net income | -15.9% | +3.4% | +8.8% | – | |
| EPS, diluted | -14.0% | +5.7% | +11.0% | – | |
| Free cash flow | +0.5% | -0.0% | +2.2% | – | |
| Dividend per share | +9.3% | +14.1% | +22.4% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -83.8% | -27.0% | |
| Return on assets | – | 8.9% | 12.6% | |
| Current ratio | – | 0.97 | 0.85 | |
| Debt to equity | – | -1.54 | -1.48 | |
| Net debt to EBITDA | – | 2.27× | 2.97× | |
| Interest coverage | – | 13.2× | 9.8× | |
| Capex to revenue | – | 1.4% | 1.1% | |
| Diluted shares | – | 435M | 395M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Otis Worldwide generated $8.10B from operations and spent $7.53B on capital expenditure, dividends and share buybacks. 9% of that went back into the business.
Generated
$8.10B
Used
$7.53B
Capital expenditure$687.00M9%Dividends$2.65B35%Share buybacks$4.19B56%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.6%
×Asset turnover1.31×
×Equity multiplier-2.15×
=Return on equity, FY2025-27.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.6% | 1.31× | -2.15× | -27.0% |
| FY2024 | 11.5% | 1.33× | -2.19× | -33.7% |
| FY2023 | 9.9% | 1.43× | -2.04× | -28.7% |
| FY2022 | 9.2% | 1.24× | -2.60× | -29.5% |
| FY2021 | 8.7% | 1.24× | -3.07× | -33.3% |
| FY2020 | 7.1% | 1.25× | -9.43× | -83.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.38B
- Cash generatingOperating cash flow above zero$1.60B
- Return on assets improvedROA up on the prior year16.3% → 12.2%
- Earnings backed by cashOperating cash flow above net income$1.60B vs $1.38B
- Less leverageLong-term debt to assets fell61.6% → 64.8%
- Better liquidityCurrent ratio rose0.99 → 0.85
- No dilutionShare count did not rise404M → 395M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.41 → 1.28