FirmAtlas
Company handbook · OTIS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
OTIS · CIK 1781335 · LATEST FILING: 10-Q JUN '26 · FILED JUL 23, 2026
OTIS WORLDWIDE CORPORATION
$71.33
+0.93 (+1.32%)
Close, Oct 16, 2026 · 52-week $64–95
Last fiscal year
OTIS WORLDWIDE CORPORATION reported revenue of $14.4B for the year ended Dec 31, 2025 (FY25), up 1.2% from FY24. Net income was $1.4B, operating cash flow $1.6B and free cash flow $1.4B. Source: 10-K filed Feb 5, 2026.
Market cap
$28.2B
P/E
18.6
EV/EBITDA
15.5x
P/B
n/m
Div yield
2.41%
ROIC
131.5%
Revenue 1Y
1.2%/yr
EPS 1Y
−14.0%/yr
Shares 1Y
−10%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJudith F. Marks
HQFarmington, CT
AuditorPricewaterhouseCoopers LLP
Employees72,000
Year endsDecember
Revenue by segment · FY25
Services65%
New Equipment35%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
—
−3.2%
−4.0%
−21.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$3.5B deployed
Capex
$278M
7.8%
Acquisitions
$196M
5.5%
Dividends
$1.3B
35.4%
Buybacks
$1.8B
51.3%
Operating cash flow over the period: $3.2B. Total debt changed by −$537M. R&D of $304M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
14,261
14,431+1.2%
14,911
YoY
+1.2%
Operating income
2,008
2,133+6.2%
2,289
Operating margin
14.1%
14.8%+0.7 pp
—
EBITDA
2,128
2,246+5.5%
—
EBITDA margin
14.9%
15.6%+0.6 pp
—
Interest expense
183
217+18.6%
—
Interest coverage
11.63x
10.35x−1.28x
—
Net income
1,645
1,384−15.9%
1,516
YoY
−15.9%
Net margin
11.5%
9.6%−1.9 pp
—
EPS (diluted, $)
4.07
3.50−14.0%
3.89
YoY
−14.0%
Balance sheet
Total assets
11,316
10,653−5.9%
11,156
Cash & short-term investments
2,321
1,105−52.4%
—
Accounts receivable
3,428
3,688+7.6%
—
Inventory
557
613+10.1%
—
Net PP&E
701
743+6.0%
—
Other assets
4,309
4,504+4.5%
—
Total liabilities
16,164
16,045−0.7%
16,904
Accounts payable
1,879
2,142+14.0%
—
Total debt
8,322
7,785−6.5%
8,436
Other liabilities
5,963
6,118+2.6%
—
Shareholders’ equity
(4,848)
(5,392)n/m
(5,748)
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,563
1,596+2.1%
1,871
Net income
1,734
1,455−16.1%
—
Depreciation & amortization
120
113−5.8%
—
Stock-based compensation
73
80+9.6%
—
Working capital & other
(364)
(52)n/m
—
Cash from investing
(164)
(406)n/m
—
Capex
(126)
(152)n/m
—
PP&E sold
6
60+900.0%
—
Acquisitions
(87)
(109)n/m
—
Other investing
43
(205)−576.7%
—
Cash from financing
(309)
(2,421)n/m
—
Debt raised
1,497
500−66.6%
—
Debt repaid
0
(1,300)n/m
—
Dividends
(606)
(647)n/m
—
Buybacks
(1,007)
(809)n/m
—
Shares issued
4
3−25.0%
—
Other financing
(197)
(168)n/m
—
Net change in cash
1,041
(1,216)−216.8%
—
Free cash flow (OCF − capex)
1,437
1,444+0.5%
1,712
Where the cash went
Operating cash flow
1,563
1,596+2.1%
1,871
Reinvested in the business
213
261+22.5%
—
% of operating cash flow
13.6%
16.4%
Capex
126
152+20.6%
159
Acquisitions
87
109+25.3%
—
R&D (memo, already in costs)
152
152+0.0%
—
Free cash flow
1,437
1,444+0.5%
1,712
YoY
+0.5%
Returned to shareholders
1,613
1,456−9.7%
—
% of free cash flow
112.2%
100.8%
Dividends
606
647+6.8%
—
Buybacks
1,007
809−19.7%
—
Change in total debt
—
(537)
—
Cash left over
—
(658)
—
FCF conversion (FCF ÷ net income)
87.4%
104.3%+17.0 pp
—
Owner earnings
—
1,292
—
Owner earnings margin
—
9.0%
—
Buyback yield
2.5%
2.3%−0.1 pp
—
Returns & ratios
ROIC (all capital)
148.1%
131.5%−16.6 pp
—
ROIC (operating)
60.8%
56.2%−4.6 pp
—
Net debt / EBITDA
2.82x
2.97x+0.15x
—
Cash conversion cycle (days)
54
55+1 d
—
ROE
−33.9%
−25.7%+8.3 pp
—
ROA
14.5%
13.0%−1.5 pp
—
ROCE
56.3%
71.2%+14.9 pp
—
NOPAT
1,708
1,605−6.0%
—
Invested capital (operating)
2,807
2,902+3.4%
—
Invested capital (all)
1,153
1,288+11.7%
—
Reinvestment rate
—
5.9%
—
Debtor days
88
93+6 d
—
Inventory days
14
16+1 d
—
Days payable
48
54+6 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
3,690
3,796
3,566
3,859
vs year-ago quarter
Operating income
586
589
539
575
Net income
374
374
340
428
vs year-ago quarter
Net margin
10.1%
9.9%
9.5%
11.1%
EPS (diluted, $)
0.95
0.95
0.87
1.12
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
10,771
10,653
10,542
11,156
Cash & equivalents
853
1,105
844
849
Total debt
8,084
7,785
7,818
8,436
Shareholders’ equity
(5,422)
(5,392)
(5,680)
(5,748)
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
374
817
413
267
Capex
37
45
33
44
Free cash flow
337
772
380
223
vs year-ago quarter