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Otis Worldwide Corp (OTIS)

Otis Worldwide Corp (OTIS)
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Otis Worldwide Corp. is one of the leading elevator and escalator manufacturing, installation and service provider to commercial, housing associations, government associations, etc. Otis has expanded business in multiple countries across the world in more than 1,400 branches and offices. Raytheon Technologies Corp. completed the tax-free spin-off of Otis Worldwide Corp and Carrier Global Corp. It has 2 reporting segments: New Equipment & Service. The New Equipment segment manufactures, sells and installs a wide range of passenger and freight elevators, escalators and moving walkways for residential, commercial and infrastructure projects. It has developed a range of elevator and escalator solutions, including Gen360 elevator & Gen2 system. The Service segment performs maintenance & repair and modernization services to upgrade elevators, and escalators. It has a maintenance portfolio of more than 2 million units throughout the globe. Otis provides maintenance services to other manufacturers.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Sales 3,690,000 3,595,000 3,350,000 3,675,000 3,548,000
Sales Growth +2.64% +7.31% -8.84% +3.58% -1.47%
Net Income 374,000 393,000 243,000 337,000 540,000
Net Income Growth -4.83% +61.73% -27.89% -37.59% +30.12%
(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Total Assets 10,771,000 10,495,000 11,178,000 11,316,000 10,261,000
Total Assets Growth +2.63% -6.11% -1.22% +10.28% +4.09%
Total Liabilities 16,124,000 15,765,000 16,231,000 16,101,000 15,096,000
Total Liabilities Growth +2.28% -2.87% +0.81% +6.66% +2.06%
(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Operating Cash Flow 779,000 405,000 190,000 1,563,000 873,000
Operating Cash Flow Growth +92.35% +113.16% -87.84% +79.04% +82.25%
Net Cash Flow -1,468,000 -1,618,000 -392,000 1,041,000 -448,000
Change in Net Cash Flow +9.27% -312.76% -137.66% +332.37% -36.17%
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