OTIS Stock - Otis Worldwide Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $14.26B | $14.21B | $13.69B | $14.30B | $12.76B |
| Gross Profit | $4.26B | $4.23B | $3.94B | $4.21B | $3.80B |
| Gross Margin | 29.9% | 29.8% | 28.8% | 29.4% | 29.8% |
| Operating Income | $2.01B | $2.23B | $2.08B | $2.17B | $1.91B |
| Net Income | $1.65B | $1.41B | $1.25B | $1.25B | $906.00M |
| Net Margin | 11.5% | 9.9% | 9.2% | 8.7% | 7.1% |
| EPS | $4.10 | $3.42 | $2.98 | $2.91 | $2.09 |
Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 9th 2025 | BNP Paribas Exane | Upgrade | Outperform | $105 |
| October 8th 2025 | Wolfe Research | Upgrade | Outperform | $109 |
| July 25th 2025 | Wolfe Research | Upgrade | Peer Perform | - |
| July 15th 2025 | JP Morgan | Upgrade | Overweight | $109 |
| July 14th 2025 | Deutsche Bank | Initiation | Hold | $109 |
| December 12th 2024 | Wolfe Research | Downgrade | Underperform | $104 |
| December 5th 2024 | Barclays | Downgrade | Underweight | $94 |
| November 13th 2024 | UBS | Resumed | Neutral | $113← $97 |
| October 8th 2024 | Wolfe Research | Downgrade | Peer Perform | - |
| September 6th 2024 | Morgan Stanley | Initiation | Equal Weight | $97 |
| April 2nd 2024 | Melius | Initiation | Hold | - |
| February 22nd 2024 | Argus | Upgrade | Buy | $102 |
| January 2nd 2024 | Vertical Research | Downgrade | Hold | - |
| October 3rd 2023 | UBS | Initiation | Neutral | $87 |
| May 1st 2023 | Wells Fargo | Upgrade | Equal Weight | $88← $75 |
Earnings History & Surprises
OTISEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 21, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | $1.02 | — | — | — |
Q4 2025 | Oct 29, 2025 | $1.01 | $1.05 | +4.0% | ✓ BEAT |
Q3 2025 | Jul 23, 2025 | $1.03 | $1.05 | +1.9% | ✓ BEAT |
Q2 2025 | Apr 23, 2025 | $0.90 | $0.92 | +2.7% | ✓ BEAT |
Q1 2025 | Jan 29, 2025 | $0.95 | $0.93 | -2.1% | ✗ MISS |
Q4 2024 | Oct 30, 2024 | $0.97 | $0.96 | -1.0% | ✗ MISS |
Q3 2024 | Jul 24, 2024 | $1.03 | $1.06 | +2.9% | ✓ BEAT |
Q2 2024 | Apr 24, 2024 | $0.87 | $0.88 | +1.1% | ✓ BEAT |
Q1 2024 | Jan 31, 2024 | $0.86 | $0.87 | +1.2% | ✓ BEAT |
Q4 2023 | Oct 25, 2023 | $0.87 | $0.95 | +9.2% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $0.86 | $0.92 | +7.0% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $0.76 | $0.80 | +5.3% | ✓ BEAT |
Q1 2023 | Feb 1, 2023 | $0.74 | $0.75 | +1.4% | ✓ BEAT |
Q4 2022 | Oct 26, 2022 | $0.78 | $0.80 | +2.6% | ✓ BEAT |
Q3 2022 | Jul 27, 2022 | $0.78 | $0.86 | +10.3% | ✓ BEAT |
Q2 2022 | Apr 25, 2022 | $0.74 | $0.77 | +4.1% | ✓ BEAT |
Q1 2022 | Jan 31, 2022 | $0.68 | $0.72 | +5.9% | ✓ BEAT |
Q4 2021 | Oct 25, 2021 | $0.73 | $0.77 | +5.5% | ✓ BEAT |
Q3 2021 | Jul 26, 2021 | $0.72 | $0.79 | +9.7% | ✓ BEAT |
Latest News
Wells Fargo Maintains Equal-Weight on Otis Worldwide, Lowers Price Target to $92
➖ NeutralBarclays Maintains Underweight on Otis Worldwide, Raises Price Target to $92
➖ NeutralOtis Worldwide Narrows FY2025 Adj EPS Guidance from $4.00-$4.10 to $4.04-$4.08 vs $4.02 Est; Affirms FY2025 Sales Guidance of $14.500B-$14.600B vs $14.514B Est
📈 PositiveOtis Worldwide Q3 Adj. EPS $1.05 Beats $1.00 Estimate, Sales $3.690B Beat $3.648B Estimate
📈 PositiveJP Morgan Maintains Overweight on Otis Worldwide, Raises Price Target to $111
📈 PositiveOtis India Secures Major Deal With My Home Group To Provide Next-Gen Elevator Solutions For Three Luxury Residential Developments In Hyderabad
📈 PositiveWolfe Research Upgrades Otis Worldwide to Outperform, Announces $109 Price Target
📈 PositiveWells Fargo Maintains Equal-Weight on Otis Worldwide, Raises Price Target to $95
➖ NeutralJP Morgan Maintains Overweight on Otis Worldwide, Raises Price Target to $105
📈 PositiveOtis Wins Deal to Install 265 High-Tech Elevators in Mountain View's Expanding Cairo Housing Projects
📈 PositiveOtis Chosen By Singapore LTA For MRT Cross Island Line Phase 1 And Punggol Extension; Will Supply 336 Escalators And Moving Walkways, Plus 186 Gen3 Elevators
📈 PositiveFrequently Asked Questions about OTIS
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