Otis Worldwide Corporation (OTIS) — Financial statements
Income statement, balance sheet, and cash flow for Otis Worldwide Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 14,431↑1.2% | 14,261↑0.4% | 14,209↑3.8% | 13,685↓4.3% | 14,298 | |
| Cost of Revenue | 10,061↑0.6% | 10,004↓0.1% | 10,016↑2.6% | 9,765↓3.4% | 10,105 | |
| Gross Profit | 4,370↑2.7% | 4,257↑1.5% | 4,193↑7.0% | 3,920↓6.5% | 4,193 | |
| Operating Expenses | ||||||
| R&D Expenses | 152↑0.0% | 152↑5.6% | 144↓4.0% | 150↓5.7% | 159 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,979↑8.9% | 1,818↓0.3% | 1,823↑5.7% | 1,725↓11.4% | 1,948 | |
| Other Expenses | 106↓62.0% | 279↑597.5% | 40↑233.3% | 12↑154.5% | -22 | |
| Operating Expenses | 2,237↓0.5% | 2,249↑12.1% | 2,007↑6.4% | 1,887↓9.5% | 2,085 | |
| Total Costs & Expenses | 12,298↑0.4% | 12,253↑1.9% | 12,023↑3.2% | 11,652↓4.4% | 12,190 | |
| Operating Results | ||||||
| Operating Income | 2,133↑6.2% | 2,008↓8.1% | 2,186↑7.5% | 2,033↓3.6% | 2,108 | |
| Depreciation & Amortization | 175↓3.3% | 181↓6.2% | 193↑1.0% | 191↓5.9% | 203 | |
| EBITDA | 2,308↑3.4% | 2,232↓8.5% | 2,440↑7.9% | 2,262↓2.1% | 2,311 | |
| EBIT | 2,133↑4.0% | 2,051↓8.7% | 2,247↑8.5% | 2,071↓1.8% | 2,108 | |
| Interest & Other Income | ||||||
| Net Interest Income | -196↓732.3% | 31↑120.7% | -150↓4.9% | -143↓5.1% | -136 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 196↑732.3% | -31↓120.7% | 150↑4.9% | 143↑5.1% | 136 | |
| Non-Operating Income | 0.00↑100.0% | -43↑29.5% | -61↓60.5% | -38 | 0.00 | |
| Other Income / Expenses | -199↓741.9% | 31↑120.0% | -155↓6.9% | -145↑1.4% | -147 | |
| Income Before Tax | 1,934↓5.1% | 2,039↑0.4% | 2,031↑7.6% | 1,888↓3.7% | 1,961 | |
| Income Tax Expense | 479↑57.0% | 305↓42.8% | 533↑2.7% | 519↓4.1% | 541 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,455↓16.1% | 1,734↑15.8% | 1,498↑9.4% | 1,369↓3.6% | 1,420 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,384↓15.9% | 1,645↑17.0% | 1,406↑12.2% | 1,253↑0.6% | 1,246 | |
| Bottom-Line Net Income | 1,384↓15.9% | 1,645↑17.0% | 1,406↑12.2% | 1,253↑0.6% | 1,246 | |
| EPS (Basic) | 3.53↓13.9% | 4.10↑19.9% | 3.42↑14.8% | 2.98↑2.4% | 2.91 | |
| EPS (Diluted) | 3.50↓14.0% | 4.07↑20.1% | 3.39↑14.5% | 2.96↑2.4% | 2.89 | |
| Weighted Average Shares | 394↓2.0% | 402↓2.4% | 411↓2.0% | 420↓1.8% | 428 | |
| Weighted Average Diluted Shares | 394↓2.6% | 404↓2.5% | 415↓2.0% | 423↓1.9% | 431 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.