Otis Worldwide Corporation (OTIS) Financial Statements

Executive TeamFinancials
SegmentsShareholders

Otis Worldwide financial statements at a glance

Otis Worldwide reported revenue of $14.26 billion for fiscal year 2024 (ended December 31, 2024), up 0.4% from fiscal year 2023. Net income was $1.65 billion, a net margin of 11.5%, and diluted earnings per share were $4.07.

At the end of fiscal year 2024 it had total assets of $11.32 billion, total liabilities of $16.04 billion and shareholders' equity of -$4.85 billion, with cash and short-term investments of $2.30 billion and total debt of $8.74 billion.

Its operations brought in $1.56 billion of cash; capital spending was $126.00 million, leaving free cash flow of $1.44 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2024.

OTIS logo

Otis Worldwide Corporation

OTISUnited States
Commercial Services
USD (Local)

Income Statement

Annual • USD

Basic EPS
3.52
Prev Year: 4.1
YoY: -14.1%
Total Revenue
-
Prev Year: 14.26B
Diluted EPS
3.5
Prev Year: 4.07
YoY: -14.0%
Cost of Revenue
-
Prev Year: 10.00B
Weighted Average Shares (basic)
392.80M
Prev Year: 401.70M
YoY: -2.2%
Gross Profit
-
Prev Year: 4.26B
Weighted Average Shares (diluted)
394.90M
Prev Year: 404.40M
YoY: -2.3%
Operating Expense
-
Prev Year: 2.21B
Values in USD

Otis Worldwide key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue–$14.3B$14.2B$13.7B$14.3B
Gross profit–$4.3B$4.2B$3.9B$4.2B
Operating income–$2.1B$2.2B$2.1B$2.1B
Net income–$1.6B$1.4B$1.3B$1.2B
Diluted EPS$3.50$4.07$3.39$2.96$2.89
Total assets–$11.3B$10.1B$9.8B$12.3B
Total liabilities–$16.0B$14.8B$14.5B$15.3B
Shareholders' equity–-$4.8B-$4.9B-$4.9B-$3.6B
Cash and short-term investments–$2.3B$1.3B$1.2B$1.6B
Total debt–$8.7B$7.3B$7.2B$7.8B
Operating cash flow–$1.6B$1.6B$1.6B$1.8B
Capital spending–$126.0M$138.0M$115.0M$156.0M
Free cash flow–$1.4B$1.5B$1.4B$1.6B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2017.

Questions and answers

What was Otis Worldwide's revenue in fiscal year 2024?

$14.26 billion, up 0.4% from $14.21 billion in fiscal year 2023.

How much profit does Otis Worldwide make?

Otis Worldwide reported net income of $1.65 billion for fiscal year 2024 (11.5% of revenue); operating income was $2.05 billion.

How much cash and debt does Otis Worldwide have?

At the end of fiscal year 2024: cash and short-term investments of $2.30 billion and total debt of $8.74 billion.

What is Otis Worldwide's free cash flow?

$1.44 billion in fiscal year 2024 (operating cash flow of $1.56 billion minus capital spending of $126.00 million).

MoreOtis Worldwide stock overviewOtis Worldwide executive teamOtis Worldwide shareholdersOtis Worldwide revenue by segment
RelatedOther Building Equipment Contractors industryConstruction sectorABM Industries (ABM)BrightView (BV)Willdan (WLDN)Ameresco (AMRC)Primech Holdings (PMEC)China YiBai United Guarantee International (CBGH)
Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
© 2026 DataPorium. All rights reserved.|About & MethodologyPrivacy PolicyTerms of Use
LinkedInLinkedInXXYouTubeYouTube