← Otis Worldwide Corp
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | $12.9b |
$13.1b
+1.57%
|
$12.8b
-2.76%
|
$14.3b
+12.09%
|
$13.7b
-4.29%
|
$14.2b
+3.83%
|
$14.3b
+0.37%
|
$14.4b
+1.19%
|
$14.9b
+3.33%
|
|
| Cost of sales | $9.2b |
$9.3b
+1.12%
|
$9.0b
-3.39%
|
$10.1b
+12.57%
|
$9.8b
-3.36%
|
$10.0b
+2.57%
|
$10.0b
-0.12%
|
$10.1b
+0.57%
|
$10.4b
+3.50%
|
|
| Gross Profit | $3.7b |
$3.8b
+2.68%
|
$3.8b
-1.23%
|
$4.2b
+10.96%
|
$3.9b
-6.51%
|
$4.2b
+6.96%
|
$4.3b
+1.53%
|
$4.4b
+2.65%
|
$4.5b
+2.93%
|
|
| Research and development | $181.0m | $163.0m | $152.0m | $159.0m | $150.0m | $144.0m | $152.0m | $152.0m | $154.0m | |
| Selling, general and administrative | $1.7b | $1.8b | $1.9b | $1.9b | $1.8b | $1.9b | $1.9b | $2.0b | $2.0b | |
| Interest expense (income), net | ($14.0m) | ($14.0m) | $122.0m | $136.0m | $143.0m | $150.0m | ($31.0m) | $196.0m | — | |
| Other income (expense), net | $25.0m | ($39.0m) | ($64.0m) | $22.0m | $26.0m | $21.0m | ($236.0m) | ($106.0m) | ($89.0m) | |
| Net income before income taxes | $1.9b | $1.9b | $1.5b | $2.0b | $1.9b | $2.0b | $2.0b | $1.9b | — | |
| Income tax expense | $683.0m | $594.0m | $455.0m | $541.0m | $519.0m | $533.0m | $305.0m | $479.0m | $496.0m | |
| Net income | $1.2b |
$1.3b
+4.71%
|
$1.1b
-16.65%
|
$1.4b
+34.47%
|
$1.4b
-3.59%
|
$1.5b
+9.42%
|
$1.7b
+15.75%
|
$1.5b
-16.09%
|
$1.5b
+4.19%
|
|
| Net income attributable to Otis Worldwide Corporation | $1.0b | $1.1b | $906.0m | $1.2b | $1.3b | $1.4b | $1.6b | $1.4b | $1.5b | |
| Basic (in usd per share) | $2.42 | $2.58 | $2.09 | $2.91 | $2.98 | $3.42 | $4.10 | $3.52 | — | |
| Diluted (in usd per share) | $2.42 | $2.58 | $2.08 | $2.89 | $2.96 | $3.39 | $4.07 | $3.50 | — | |
| Basic shares (in shares) | $433.1m | $433.1m | $433.2m | $427.7m | $420.0m | $411.4m | $401.7m | $392.8m | — | |
| Diluted shares (in shares) | $433.1m | $433.1m | $434.6m | $431.4m | $423.0m | $414.6m | $404.4m | $394.9m | $389.4m | |
| Costs and expenses | $11.1b | $11.3b | $11.1b | $12.2b | $11.7b | $12.0b | $12.0b | $12.2b | — | |
| Operating profit | $1.8b |
$1.8b
-1.14%
|
$1.6b
-9.65%
|
$2.1b
+28.62%
|
$2.0b
-3.56%
|
$2.2b
+7.53%
|
$2.0b
-8.14%
|
$2.1b
+6.23%
|
— | |
| Non-service pension cost (benefit) | ($44.0m) | ($33.0m) | $6.0m | $11.0m | $2.0m | $5.0m | $0 | $3.0m | — | |
| Less: Noncontrolling interest in subsidiaries' earnings | $161.0m | $151.0m | $150.0m | $174.0m | $116.0m | $92.0m | $89.0m | $71.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.