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Otis Worldwide key statistics and ratios

In fiscal 2025, Otis Worldwide had a net margin of 9.6%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Net margin8.1%8.5%7.1%8.7%9.2%9.9%11.5%9.6%10.3%
Return on equity52.1%60.1%———————
Return on assets—11.5%8.9%10.8%11.3%14.1%15.4%12.6%14.2%
Effective tax rate36.1%31.9%30.1%27.6%27.5%26.2%15.0%24.8%23.4%
R&D as % of revenue1.4%1.2%1.2%1.1%1.1%1.0%1.1%1.1%1.0%
SG&A as % of revenue13.4%13.8%15.1%13.6%12.9%13.3%13.0%13.7%13.4%
Dividends ÷ net income0.0%0.0%28.7%31.5%37.1%38.3%36.8%46.7%42.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

Head to head: OTIS vs SWKITW vs OTISGWW vs OTIS

More: Industrial Machinery & Supplies & Components stocks compared, Industrials sector, rankings of US companies

Figures from Otis Worldwide's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Otis Worldwide.