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Otis Worldwide (OTIS) stock

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NYSE: OTIS NYSE Industrial Machinery & Supplies & Components Next results ~January 27, 2027

C+ Fundamentals grade

Otis Worldwide is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$58

Cash-flow model

Base case. Range ~$38–$84 across our lower- and higher-growth cases (-0.8%–9.2% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 35% above our base value.

Price used: $78.37, November 2, 2026

Otis Worldwide valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Otis Worldwide files

10-Q filed October 29: Otis Worldwide

Otis Worldwide generated $15.1bn of revenue in the twelve months to September 2026, up 5.8% on a year earlier and an acceleration from the 5.2% pace recorded a quarter earlier. Free-cash-flow margin climbed to 11.1%, from 9.2% a year ago. Meanwhile, the diluted share count has shrunk 2.6% over the same period, boosting the claim each remaining share has on earnings. Taken together, these shifts nudge the fundamentals grade up from D to C. Our model value, however, is barely changed, at $55.26 a share, well below the $73.78 price in the market. The rating therefore stays at Hold. At the current price, the market appears to be pricing in cash-flow growth of roughly 7.8% a year for five years, far ahead of the 1.1% a year revenue growth actually delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Otis Worldwide stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $14.9bn, up 5.2% on a year earlier, faster than 3.3% a quarter earlier. Free-cash-flow margin rose to 11.5% from 9.5% a year earlier. Operating margin widened to 15.4% from 13.1%. The diluted share count is down 2.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 5 financial-health checks. Our cash-flow model value is $51.67 a share, against a share price of $71.93. At that price, our model says the market is pricing in about 8.5% a year of cash-flow growth for five years, faster than the 0.8% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Otis Worldwide's trailing-twelve-month revenue grew 5.8% year on year, with a free-cash-flow margin of 11.1%. Where it stands out: change in share count of -2.6% ranks 8 of 73 industrial machinery & supplies & components companies we cover. Where it lags: long-term debt as % of assets of 62.3% ranks 59 of 59 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$58 per share in the base case (~$38–$84 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 5.8% (+0.5pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.6% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $78.37 is 26% above our value per share of $58.
  • Insiders selling. 6 insiders sold $17M of stock over the past 365 days and none bought (54% under pre-set trading plans).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 62.3% ranks 59 of 59 industrial machinery & supplies & components companies we cover (median 23.4%).
  • Below peers: days sales outstanding. Days sales outstanding of 98 days ranks 59 of 65 industrial machinery & supplies & components companies we cover (median 63 days).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$1.05 against an average estimate of $1.01: beat by 3.5%
Revenue
$3.91bn, up 6.1% on a year earlier
Share reaction
+0.6% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
net sales $15.1bn to $15.3bn (full year 2026); adjusted operating profit $2.4bn (full year 2026)
Next report
January 27, 2027; average EPS estimate $1.09

Otis Worldwide's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.5%
  • 1 week+4.1%
  • 1 month+22.4%
  • This year-8.8%
  • 1 year-13.7%
  • 5 years+5.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$15.1B
Operating margin
15.3%
Net margin
10.3%
EPS (TTM, diluted)
$4.02

Growth

Revenue growth
+5.8%
Change in growth rate
+0.5 pts
Share count change
−2.6%

Cash

Free cash flow (TTM)
$1.7B
FCF margin
11.1%
Stock pay % of revenue
0.5%

Earnings

Last results
October 28, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Otis Worldwide valuation models and calculator

What the price is pricing in

The share price implies about 8.0% a year of cash-flow growth for five years.That is faster than the 1.1% a year revenue growth Otis Worldwide has delivered.

  • Priced in8.0%
  • Last 12 months5.8%
  • 3 years a year2.6%
  • 5 years a year1.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($77.21, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$58
Price used
$77.21close November 3, 2026
Implied change
▼ 25%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Otis Worldwide's free cash flow after stock-based pay with after-tax interest added back ($1.6B, FY2026 Q3 TTM), growing 4.4% and 4.3% in the next two years (forecasts, guidance and its record), then back to 4.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$38–~$84 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Otis Worldwide's free cash flow after stock-based pay ( $1.6B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Otis Worldwide as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.87 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$58 ~$38–$84 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$78 ~$70–$100 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$65 ~$58–$78 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Otis Worldwide with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −32%
  • Revenue growth 5 points higher ▲ +41%
  • Free-cash-flow margin 1 point lower ▼ −10%
  • Last year's free-cash-flow margin change, if it persists ▲ +23%
  • Discount rate 1 point higher ▼ −19%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $39$61$90$127$177$240
8.5% $25$41$62$89$124$169
10% $17$29$45$65$92$126

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$61.62$80.36$73.32$85.08$89.48$85.91$78.37
Market value$26.8bn$34.7bn$31.0bn$35.3bn$36.2bn$33.9bn$30.3bn
+ Net debt (− = net cash)$4.2bn$5.7bn$6.2bn$5.7bn$7.4bn$7.7bn$7.4bn
Enterprise value$31.0bn$40.4bn$37.2bn$40.9bn$43.6bn$41.7bn$37.7bn
Multiples
Price / sales 2.1x2.4x2.3x2.5x2.5x2.4x2.0x
Price / earnings 29.6x27.8x24.8x25.1x22.0x24.5x19.5x
Price / free cash flow 20.6x21.7x21.5x23.7x25.2x23.5x18.1x
EV / EBITDA 16.9x17.5x16.7x17.2x19.9x18.1x15.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

86 /100

Strong moat

How hard Otis Worldwide's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 13.2% of total assets over 7 years.

  • Durability 14 / 20

    Operating margin has been a median 14.5%; its worst year was 13.0%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 7 of 7 years, at a median 9.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 10.7% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 27, 2027, before the open. Analysts expect revenue of $4.0bn and EPS of $1.09 (range $0.93 to $1.16) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.07 +0% $15.3bn +6%
Next $4.50 +11% $16.0bn +4%

Next year's EPS estimate has moved −2.5% in 90 days, across 13 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.0% on 90 days ago. In the last 30 days, 3 analysts raised Otis Worldwide's forecast and 1 cut it.

Consensus EPS forecast Otis Worldwide, last 90 days
$4.00 $4.20 $4.40 $4.60 $4.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.07 Current fiscal year, 60 days ago: $4.06 Current fiscal year, 30 days ago: $4.04 Current fiscal year, 7 days ago: $4.04 Current fiscal year, Now: $4.07 $4.07 Next fiscal year, 90 days ago: $4.61 Next fiscal year, 60 days ago: $4.57 Next fiscal year, 30 days ago: $4.53 Next fiscal year, 7 days ago: $4.53 Next fiscal year, Now: $4.50 $4.50

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.07$4.61
60 days ago $4.06$4.57
30 days ago $4.04$4.53
7 days ago $4.04$4.53
Now $4.07$4.50

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.01 $1.05 +3.5%
Jun 2026 $1.01 $1.01 +0.1%
Mar 2026 $0.90 $0.89 −0.9%
Dec 2025 $1.03 $1.03 −0.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 22, 2026
  • Net sales full year 2026 $15.1bn to $15.3bn
    “Net sales of $15.1 to $15.3 billion” source
  • Adjusted EPS full year 2026 $4.01 to $4.05 Non-GAAP
    “Adjusted EPS of $4.01 to $4.05” source
  • Adjusted operating profit full year 2026 about $2.4bn Non-GAAP
    “Adjusted operating profit of approximately $2.4 billion, down $45 to $15 million at constant currency; down $30 million to flat at actual currency” source
  • Adjusted free cash flow full year 2026 $1.5bn to $1.55bn Non-GAAP
    “Adjusted free cash flow of $1.50 to 1.55 billion” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Otis Worldwide's revenue by +4.4% next year and +4.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.8%, weight 55%) , management guidance (+3.8%, weight 19%) and the company's own record (+4.2%, weight 26%) . How the weights are set.

Analyst recommendations

15 analysts, Oct 2026
Buy747%
Hold747%
Sell17%

Monthly trend

  1. Oct 202625715
  2. Sep 202625715
  3. Aug 202625714
  4. Jul 202625714

Counts of recommendations published by analysts covering Otis Worldwide, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.8%
of tradable shares
Days to cover
3.14
at average volume
Short interest, 1 month
+1%
to October 15, 2026
Held by institutions
98%
of shares
Held by insiders
0.1%
of shares
Employees
72,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −13.7%

$90.80 on October 31, 2025 to $78.37

ThenNowEffect
Revenue (last 12 months) $14.2bn $14.9bn +5.2%
Net margin 10.7% 10.2% −4.8%
P/E multiple 24.0x 20.1x −16.1%
Share count 400m 389m +2.6%

Biggest factor: p/e multiple.

Last 3 years +3.7%

$75.59 on November 3, 2023 to $78.37

ThenNowEffect
Revenue (last 12 months) $13.8bn $14.9bn +7.7%
Net margin 9.6% 10.2% +6.0%
P/E multiple 23.8x 20.1x −15.5%
Share count 418m 389m +7.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
OTIS+30%−9%+16%+5%−4%−9%
Industry peers (median)+19%−15%+21%+2%+13%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
OTIS67%42%58%50%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
OTIS−14%−26%−17%−12%−18%−31%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since March 19, 2020: 37% from October 18, 2024 to October 2, 2026. Getting back needed a 59% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$64.05 – $92.50
From 52-week high
−15.3%
vs 50-day average
+12.3%
vs 200-day average
+3.6%
Volatility (1 year)
23%
Beta vs S&P 500
0.16

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±3.3%
After a week
2 up, 9 down
typical move ±3.3%
After a month
6 up, 5 down
typical move ±4.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +0.6% 0.0% — —
July 22, 2026 −1.6% −1.3% +2.0% +0.4%
April 22, 2026 +0.8% +0.6% −2.9% −8.6%
January 28, 2026 −3.7% −0.2% −0.2% +2.7%
October 29, 2025 +1.3% −1.1% −0.1% −2.2%
July 23, 2025 −11.7% +0.9% −14.4% −12.9%
April 23, 2025 −6.3% +3.7% −2.7% −1.4%
January 29, 2025 −0.5% +0.1% −1.4% +4.5%
October 30, 2024 −3.1% −2.3% −0.8% +2.0%
July 24, 2024 −5.4% −2.8% −3.9% −4.3%
April 24, 2024 −4.6% −0.4% −6.2% +0.1%
January 31, 2024 −0.5% −0.3% +2.0% +6.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Otis Worldwide’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Otis Worldwide in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Otis Worldwide
$14B $14.5B $15B $15.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $14.2B Revenue (TTM), FY24 Q1: $14.3B Revenue (TTM), FY24 Q2: $14.2B Revenue (TTM), FY24 Q3: $14.2B Revenue (TTM), FY24 Q4: $14.3B Revenue (TTM), FY25 Q1: $14.2B Revenue (TTM), FY25 Q2: $14.2B Revenue (TTM), FY25 Q3: $14.3B Revenue (TTM), FY25 Q4: $14.4B Revenue (TTM), FY26 Q1: $14.6B Revenue (TTM), FY26 Q2: $14.9B Revenue (TTM), FY26 Q3: $15.1B $15.1B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $14.2B
FY24 Q1 $14.3B
FY24 Q2 $14.2B
FY24 Q3 $14.2B
FY24 Q4 $14.3B
FY25 Q1 $14.2B
FY25 Q2 $14.2B
FY25 Q3 $14.3B
FY25 Q4 $14.4B
FY26 Q1 $14.6B
FY26 Q2 $14.9B
FY26 Q3 $15.1B
Revenue growth, TTM YoY Otis Worldwide
-2% 0% 2% 4% 6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 3.8% Revenue growth, TTM YoY, FY24 Q1: 5.0% Revenue growth, TTM YoY, FY24 Q2: 2.4% Revenue growth, TTM YoY, FY24 Q3: 1.3% Revenue growth, TTM YoY, FY24 Q4: 0.4% Revenue growth, TTM YoY, FY25 Q1: -0.9% Revenue growth, TTM YoY, FY25 Q2: -0.1% Revenue growth, TTM YoY, FY25 Q3: 0.7% Revenue growth, TTM YoY, FY25 Q4: 1.2% Revenue growth, TTM YoY, FY26 Q1: 3.3% Revenue growth, TTM YoY, FY26 Q2: 5.2% Revenue growth, TTM YoY, FY26 Q3: 5.8% 5.8%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 3.8%
FY24 Q1 5.0%
FY24 Q2 2.4%
FY24 Q3 1.3%
FY24 Q4 0.4%
FY25 Q1 -0.9%
FY25 Q2 -0.1%
FY25 Q3 0.7%
FY25 Q4 1.2%
FY26 Q1 3.3%
FY26 Q2 5.2%
FY26 Q3 5.8%
Operating margin (TTM) Otis Worldwide
13% 14% 15% 16% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 15.4% Operating margin (TTM), FY24 Q1: 15.5% Operating margin (TTM), FY24 Q2: 15.6% Operating margin (TTM), FY24 Q3: 14.1% Operating margin (TTM), FY24 Q4: 14.1% Operating margin (TTM), FY25 Q1: 13.2% Operating margin (TTM), FY25 Q2: 13.1% Operating margin (TTM), FY25 Q3: 14.5% Operating margin (TTM), FY25 Q4: 14.8% Operating margin (TTM), FY26 Q1: 15.4% Operating margin (TTM), FY26 Q2: 15.4% Operating margin (TTM), FY26 Q3: 15.3% 15.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 15.4%
FY24 Q1 15.5%
FY24 Q2 15.6%
FY24 Q3 14.1%
FY24 Q4 14.1%
FY25 Q1 13.2%
FY25 Q2 13.1%
FY25 Q3 14.5%
FY25 Q4 14.8%
FY26 Q1 15.4%
FY26 Q2 15.4%
FY26 Q3 15.3%
FCF margin (TTM) Otis Worldwide
8% 9% 10% 11% 12% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 10.5% FCF margin (TTM), FY24 Q1: 9.6% FCF margin (TTM), FY24 Q2: 8.8% FCF margin (TTM), FY24 Q3: 9.4% FCF margin (TTM), FY24 Q4: 10.1% FCF margin (TTM), FY25 Q1: 10.3% FCF margin (TTM), FY25 Q2: 9.5% FCF margin (TTM), FY25 Q3: 9.2% FCF margin (TTM), FY25 Q4: 10.0% FCF margin (TTM), FY26 Q1: 11.4% FCF margin (TTM), FY26 Q2: 11.5% FCF margin (TTM), FY26 Q3: 11.1% 11.1%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 10.5%
FY24 Q1 9.6%
FY24 Q2 8.8%
FY24 Q3 9.4%
FY24 Q4 10.1%
FY25 Q1 10.3%
FY25 Q2 9.5%
FY25 Q3 9.2%
FY25 Q4 10.0%
FY26 Q1 11.4%
FY26 Q2 11.5%
FY26 Q3 11.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Otis Worldwide took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $14.4B
  2. Research and development $152M · 1.1%
  3. Selling, general and admin $2B · 13.7%
  4. Other operating costs $10.2B · 70.5%
  5. Operating income $2.1B · 14.8%
  6. Income tax $479M · 3.3%
  7. Interest and other $270M · 1.9%
  8. Net income $1.4B · 9.6%

Shares of revenue. Source: Otis Worldwide's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 12.9 13.1 12.8 14.3 13.7 14.2 14.3 14.4 15.1
EBITDA 2.0 2.0 1.8 2.3 2.2 2.4 2.2 2.3 2.5
Operating income 1.8 1.8 1.6 2.1 2.0 2.2 2.0 2.1 2.3
Net income 1.0 1.1 0.9 1.2 1.3 1.4 1.6 1.4 1.6
Diluted EPS $2.42 $2.55 $2.08 $2.89 $2.96 $3.39 $4.07 $3.50 $4.02
Growth (year on year)
Revenue — +1.6% −2.8% +12.1% −4.3% +3.8% +0.4% +1.2% +5.8%
EBITDA — −1.5% −8.2% +26.3% −3.8% +7.0% −8.0% +5.4% +10.6%
Operating income — −1.1% −9.6% +28.6% −3.6% +7.5% −8.1% +6.2% +12.0%
Net income — +6.4% −18.8% +37.5% +0.6% +12.2% +17.0% −15.9% +15.5%
Diluted EPS — +5.4% −18.4% +38.9% +2.4% +14.5% +20.1% −14.0% +18.7%
Margins
EBITDA margin 15.7% 15.2% 14.3% 16.2% 16.3% 16.7% 15.3% 16.0% 16.5%
Operating margin 14.2% 13.8% 12.8% 14.7% 14.9% 15.4% 14.1% 14.8% 15.3%
Net margin 8.1% 8.5% 7.1% 8.7% 9.2% 9.9% 11.5% 9.6% 10.3%
Free-cash-flow margin 10.7% 10.1% 10.2% 11.1% 10.6% 10.5% 10.1% 10.0% 11.1%
Cash flow
Cash from operations 1.6 1.5 1.5 1.8 1.6 1.6 1.6 1.6 1.8
Capital spending 0.2 0.1 0.2 0.2 0.1 0.1 0.1 0.2 0.2
Free cash flow 1.4 1.3 1.3 1.6 1.4 1.5 1.4 1.4 1.7
Stock-based pay 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 1.3 1.3 1.2 1.5 1.4 1.4 1.4 1.4 1.6
Balance sheet
Cash 1.3 1.4 1.8 1.6 1.2 1.3 2.3 1.1 0.9
Total debt 0.0 0.0 6.0 7.3 7.3 6.9 9.7 8.8 8.3
Net debt (negative = net cash) −1.3 −1.4 4.2 5.7 6.2 5.7 7.4 7.7 7.4
Diluted shares 433m 433m 435m 431m 423m 415m 404m 395m 387m
Returned to shareholders
Dividends 0.0 0.0 0.3 0.4 0.5 0.5 0.6 0.6 0.7
Buybacks — 0.0 0.0 0.7 0.9 0.8 1.0 0.8 0.8
Total returned 0.0 0.0 0.3 1.1 1.3 1.3 1.6 1.5 1.5

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · September 30, 2026
What it owns · $11.3bn
Short-term assets $6.9bnLonger-term assets $4.4bn
What it owes, and who funded it · $16.5bn
Short-term liabilities $8.1bnLonger-term liabilities $8.4bnShareholders' equity $-5.4bn
  • Short-term assets cover short-term liabilities $6.9bn of assets due within a year against $8.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $6.9bn short-term assets against $8.4bn of longer-dated liabilities.
  • More cash than debt $866m of cash against $8.3bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.8bn of operating cash flow against $8.3bn of debt.
  • Operating profit covers interest at least five times over Operating income of $2.3bn against $242m of interest.

From Otis Worldwide's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$807M
Dividends (TTM)
$662M
Returned to shareholders
88%
of free cash flow
Buybacks, last 3 fiscal years
$2.6B
Diluted share count
−2.6%
year over year
Total shareholder yield
4.9%
dividends 2.2% + buybacks 2.7% of market value
Dividend payout ratio
43%
of net income paid out
R&D spending
1.0%
of revenue
Sales & admin spending
13.4%
of revenue
Days sales outstanding
98 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated OTIS SWK ITW GWW PH XYL Median
Revenue, last 12 months $15.1bn $15.2bn $16.6bn $18.8bn $21.5bn $9.1bn $1.4bn
Revenue growth, last 12 months 5.8% 0.6% 4.8% 7.8% 8.3% 1.9% 8.3%
Revenue growth, 3-year average 2.6% −2.0% 1.1% 5.6% 4.1% 10.3% 4.0%
Revenue growth, latest quarter 6.1% 0.4% 4.4% 10.3% 9.8% −3.0% 9.1%
Gross margin 29.6% 31.9% 53.1% 39.4% 37.7% 39.8% 35.2%
Operating margin 15.3% 16.7% 26.6% 14.6% 23.6% 15.1% 13.1%
Operating margin, 3-year average 14.6% 14.5% 26.4% 15.0% 22.0% 13.1% 13.7%
Net margin 10.3% 4.1% 19.4% 9.9% 17.0% 11.9% 8.9%
Cash from operations / revenue 12.1% 10.2% 19.6% 11.5% 20.3% 14.0% 11.9%
Free-cash-flow margin 11.1% 8.5% 17.2% 8.0% 18.2% 10.2% 8.8%
Free-cash-flow margin, 3-year average 9.9% 5.9% 17.5% 8.9% 16.7% 10.1% 9.8%
Stock pay / revenue 0.5% 0.5% 0.5% 0.4% 0.8% 0.6% 0.8%
Change in share count −2.6% −0.0% −2.0% −1.9% −1.6% −1.9% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 5.8% 8.3% 52 of 75
Change in growth rate Growth +0.5pp +1.2pp 46 of 75
Operating margin Profitability 15.3% 13.0% 28 of 75
Net margin Profitability 10.3% 8.9% 32 of 76
Free-cash-flow margin Cash generation 11.1% 9.1% 29 of 76
Stock pay as % of revenue Cash generation 0.5% 0.8% 8 of 70
Long-term debt as % of assets Balance sheet 62.3% 23.4% 59 of 59
Change in share count Balance sheet -2.6% -0.0% 8 of 73
Days sales outstanding Balance sheet 98 days 63 days 59 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Services $9.4B 65.4% ▲ 6.2%
Service Maintenance and Repair $7.6B 80.3% ▲ 5.2%
Service Modernization $1.9B 19.7% ▲ 10.4%
Products $5B 34.6% ▼ 7.0%
Geography
Region Revenue Share YoY
Other $8.6B 59.5% ▲ 6.0%
United States $4.2B 29.0% ▼ 1.1%
China $1.6B 11.4% ▼ 14.0%

From Otis Worldwide's 10-K filed February 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$25.6B
Institutions reporting
1,213
Shares held vs prior quarter
▲ 3.6%
Positions opened / closed
112 / 123

Top buyers and sellers, Q2 2026: 539 institutions bought and 573 sold ; the biggest buyer was Clearbridge Investments, LLC (+4.8M shares) and the biggest seller Massachusetts Financial Services Co (−3.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.3B 31.6M 8.8% ▼ 1.9%
Vanguard Capital Management LLC $1.8B 25.1M 7.0% ▼ 0.8%
Vanguard Portfolio Management LLC $1.4B 20.0M 5.6% ▲ 1.3%
State Street Corp $1.2B 16.7M 4.7% ▲ 2.9%
Geode Capital Management, LLC $906M 12.6M 3.5% ▲ 1.1%
Franklin Resources Inc $844M 11.8M 3.3% ▲ 2.3%
Morgan Stanley $785M 11.0M 3.1% ▼ 15.4%
FMR LLC $724M 10.1M 2.8% ▲ 26.7%
Norges Bank $616M 8.6M 2.4% —
Clearbridge Investments, LLC $534M 7.5M 2.1% ▲ 177.3%
Price T Rowe Associates Inc $437M 6.1M 1.7% ▼ 30.9%
Mitsubishi Ufj Asset Management Co., Ltd. $424M 5.9M 1.7% ▲ 0.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Otis Worldwide's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $17.2M 9 trades by 6 insiders · 54% under pre-set plans
Net ▼ $17.2M net selling
Insider Date Trade Shares Price Value
Lefebure Thibault Pierre Marie President, Otis EMEA May 7, 2026 Sell 1,628 $76.89 $125,184
De Montlivault Stephane President, Otis Asia Pacific February 12, 2026 Sell 47,944 $92.25 $4.4M
Lafreniere Nora E. EVP, General Counsel February 10, 2026 Sell 25,625 $90.38 $2.3M
Lafreniere Nora E. EVP, General Counsel February 10, 2026 Sell 1,793 $90.38 $162,051
Ryan Michael Patrick SVP, CAO & Controller February 10, 2026 Sell 1,182 $90.06 $106,445
Marks Judith Fran Chair, CEO and President February 5, 2026 Sell pre-set plan 56,107 $90.89 $5.1M
Marks Judith Fran Chair, CEO and President February 4, 2026 Sell pre-set plan 46,780 $89.57 $4.2M
Green Neil EVP & Chief Digital Officer February 2, 2026 Sell 6,000 $86.45 $518,710
Ryan Michael Patrick SVP, CAO & Controller November 5, 2025 Sell 3,028 $91.69 $277,647

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 21 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of Otis Worldwide shares.

  • Kevin Hern(R-OK 1):Sale (full), $1,001 - $15,000, traded August 10, 2026, filed September 1, 2026
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 22, 2026
  • April 22, 2026
  • January 28, 2026
  • October 29, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on Otis Worldwide was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Otis Worldwide in brief

What does Otis Worldwide do?
Otis Worldwide is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.
What is Otis Worldwide's stock ticker?
Otis Worldwide trades under the ticker OTIS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Otis Worldwide's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Otis Worldwide reported revenue of $15.1B, 5.8% higher than a year earlier, according to its SEC filings.
What is Otis Worldwide's free cash flow?
Otis Worldwide's free-cash-flow margin is 11.1% of revenue over the trailing twelve months, ranking 29 of the 76 industrial machinery & supplies & components companies we cover.
What is Otis Worldwide's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Otis Worldwide's free cash flow after stock-based pay gives ~$58 per share in the base case, and ~$38–$84 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Otis Worldwide's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Otis Worldwide buying back stock, and does it pay a dividend?
Otis Worldwide spent $807M on share repurchases over the trailing twelve months, and its diluted share count fell 2.6% over the year.
What is Otis Worldwide's market cap?
On November 2, 2026, Otis Worldwide's market capitalisation was about $30.3B, with a price-to-earnings ratio of 19.5 and net debt of $7.4B. Market figures come from third-party market data and may be delayed.
Does Otis Worldwide pay a dividend?
Yes: Otis Worldwide paid $662M in dividends over the trailing twelve months, a dividend yield of 2.21% and a payout ratio of 42.5%.
Who are Otis Worldwide's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Otis Worldwide are Stanley Black & Decker, Illinois Tool Works, W. W. Grainger, Parker Hannifin and Xylem Inc. The side-by-side comparison below sets their revenue, margins and growth against Otis Worldwide's.
Are insiders buying or selling Otis Worldwide stock?
Over the last 12 months, Otis Worldwide's directors and officers reported 0 open-market purchases and 9 sales on Form 4. The insider trading page charts every trade.
When is Otis Worldwide's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Otis Worldwide announces its own schedule.