Otis Worldwide Corp

Listed Company

OTISCIK 0001781335NYSELarge AcceleratedElectronic & Other Electrical Equipment (No Computer Equip)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$14.43B

Net Income

$1.38B

Total Assets

$10.65B

Equity

$-5.39B

Shares Out

383.72M

Op. Cash Flow

$1.60B

OTIS$73.44−27.37% · past yearDBEQ Basic

Daily closing prices

Business

Otis Worldwide Corp is the world's leading elevator and escalator manufacturer, installer, servicer and modernizer, serving customers across more than 200 countries with a global network of branches. The company offers passenger and freight elevators, escalators, moving walkways, and digital solutions including IoT monitoring and predictive maintenance through its Otis ONE platform. Otis operates through two reportable segments: New Equipment and Service, with the Service segment maintaining and modernizing a large installed base of units globally, including non-Otis equipment, while international operations represent a substantial portion of net sales.

Summary from 10-K filed 2026-02-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	14,431	14,261	14,209	13,685	14,298
Research and development	152	152	144	150	159
Selling, general and administrative	1,979	1,861	1,884	1,763	1,948
Costs and expenses	12,192	12,017	12,044	11,678	12,212
Other income (expense), net	−106	−236	21	26	22
Operating profit	2,133	2,008	2,186	2,033	2,108
Non-service pension cost (benefit)	3	0	5	2	11
Interest expense (income), net	196	−31	150	143	—
Net income before income taxes	1,934	2,039	2,031	1,888	1,961
Income tax expense	479	305	533	519	541
Net income	1,455	1,734	1,498	1,369	1,420
Less: Noncontrolling interest in subsidiaries' earnings	71	89	92	116	174
Net income attributable to Otis Worldwide Corporation	1,384	1,645	1,406	1,253	1,246
Basic (in usd per share)	3.52	4.1	3.42	2.98	2.91
Diluted (in usd per share)	3.5	4.07	3.39	2.96	2.89
Basic shares (in shares)	393	402	411	420	428
Diluted shares (in shares)	395	404	415	423	431

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-10-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	1,096	—	2,300	1,274	1,189
Accounts receivable (net of allowance for expected credit losses of $125 and $125)	3,688	—	3,428	3,538	3,357
Contract assets	699	—	706	717	664
Inventories	613	—	557	612	617
Other current assets	405	—	679	259	316
Total Current Assets	6,501	—	7,670	6,400	6,143
Future income tax benefits	407	—	302	323	285
Fixed assets, net	743	—	701	727	719
Operating lease right-of-use assets	554	—	422	416	449
Intangible assets, net	343	—	311	335	369
Goodwill	1,695	—	1,548	1,588	1,567
Other assets	410	—	362	328	287
Total Assets	10,653	—	11,316	10,117	9,819
Short-term borrowings and current portion of long-term debt	1,056	—	1,351	32	670
Accounts payable	2,142	—	1,879	1,878	1,717
Accrued liabilities	1,847	—	1,921	1,873	1,794
Contract liabilities	2,611	—	2,598	2,696	2,662
Total Current Liabilities	7,656	—	7,749	6,479	6,843
Long-term debt	6,900	—	6,973	6,866	6,098
Future pension and postretirement benefit obligations	419	—	434	462	392
Operating lease liabilities	397	—	298	292	315
Future income tax obligations	223	—	207	245	279
Other long-term liabilities	329	—	383	493	556
Total Liabilities	15,924	—	16,044	14,837	14,483
Commitments and contingent liabilities (Note 20)	—	—	—	—	—
Redeemable noncontrolling interest	75	—	57	135	135
Common Stock and additional paid-in-capital	333	—	265	213	162
Treasury Stock	−4,198	—	−3,390	−2,382	−1,575
Accumulated deficit	−440	188	−978	−2,005	−2,865
Accumulated other comprehensive income (loss)	−1,087	—	−745	−750	−592
Total Shareholders' Equity (Deficit)	−5,392	—	−4,848	−4,924	−4,870
Noncontrolling interest	46	27	63	69	71
Total Equity (Deficit)	−5,346	—	−4,785	−4,855	−4,799
Total Liabilities and Equity (Deficit)	10,653	—	11,316	10,117	9,819

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	175	181	193	191	203
Deferred income tax expense (benefit)	−104	−31	−61	−16	−92
Stock compensation cost	80	73	64	67	65
Gain from reversal of German Tax Litigation interest accrual (Note 1)	0	−50	0	0	—
Accounts receivable, net	−111	−68	−239	−309	−152
Contract assets and liabilities, current	−71	−40	−30	38	53
Inventories	−25	26	15	−65	14
Other current assets	225	−354	38	52	43
Accounts payable	181	57	152	272	130
Accrued liabilities	−140	85	33	−84	72
Pension and postretirement contributions	−43	−51	−48	−34	−37
Other operating activities, net	−26	1	12	79	31
Net cash flows provided by operating activities	1,596	1,563	1,627	1,560	1,750
Capital expenditures	−152	−126	−138	−115	−156
Acquisitions of businesses and intangible assets, net of cash (Note 7)	−109	−87	−36	−46	−80
Net proceeds from the sale of fixed assets	60	6	7	—	—
Proceeds from sale of (investments in) marketable securities, net	0	−9	4	−7	40
Receipts (payments) on settlements of derivative contracts, net	−204	49	−28	65	73
Other investing activities, net	−1	3	8	9	34
Net cash flows provided by (used in) investing activities	−406	−164	−183	−33	−89
Net proceeds from (repayments of) borrowings (maturities of 90 days or less)	−25	11	−113	113	−304
Proceeds from borrowings (maturities longer than 90 days)	167	0	0	—	—
Proceeds from issuance of long-term debt	500	1,497	747	0	2,030
Payment of debt issuance costs	−5	−11	−6	0	−25
Repayment of long-term debt	−1,300	0	−534	−500	0
Dividends paid on Common Stock	−647	−606	−539	−465	−393
Repurchases of Common Stock	−809	−1,007	−800	−850	−725
Dividends paid to noncontrolling interest	−69	−94	−85	−118	−155
Other financing activities, net	−16	−24	−20	−30	−19
Net cash flows provided by (used in) financing activities	−2,421	−309	−1,350	−3,652	58
Effect of foreign exchange rate changes on cash and cash equivalents	15	−49	−9	−157	−43
Net increase (decrease) in cash and cash equivalents	−1,216	1,041	85	−2,282	1,676
Interest paid	230	172	132	134	129

Filings

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Frequently asked questions

What is Otis Worldwide Corp's CIK number?

Otis Worldwide Corp's SEC CIK number is 0001781335 (1781335). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Otis Worldwide Corp's SEC filings?

All of Otis Worldwide Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Otis Worldwide Corp last report earnings?

Otis Worldwide Corp (OTIS) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001781335-26-000072). This is Otis Worldwide Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is Otis Worldwide Corp's most recent earnings 8-K?

Otis Worldwide Corp's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001781335-26-000072. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Otis Worldwide Corp's latest earnings 8-K →
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