Otis Worldwide Corporation
Otis Worldwide Corporation (OTIS) Financial Performance & Income Statement Overview
Review Otis Worldwide Corporation (OTIS) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Otis Worldwide Corporation (OTIS) Income Statement & Financial Overview
View the income breakdown for Otis Worldwide Corporation OTIS across both annual and quarterly reports.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $3.35B | $3.67B | $3.55B | $3.60B |
| Cost of Revenue | $2.35B | $2.60B | $2.47B | $2.52B |
| Gross Profit | $1.001B | $1.07B | $1.08B | $1.08B |
| Gross Profit Ratio | $0.30 | $0.29 | $0.30 | $0.30 |
| R&D Expenses | $37.00M | $37.00M | $40.00M | $39.00M |
| SG&A Expenses | $464.00M | $515.00M | $455.00M | $444.00M |
| Operating Expenses | $590.00M | $541.00M | $713.00M | $507.00M |
| Total Costs & Expenses | $2.85B | $3.14B | $3.18B | $3.03B |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $45.00M | $48.00M | $0.00 | $27.00M |
| Depreciation & Amortization | $42.00M | $48.00M | $48.00M | $41.00M |
| EBITDA | $453.00M | $629.00M | $411.00M | $611.00M |
| EBITDA Ratio | $0.14 | $0.17 | $0.12 | $0.17 |
| Operating Income | $411.00M | $531.00M | $363.00M | $574.00M |
| Operating Income Ratio | $0.12 | $0.14 | $0.10 | $0.16 |
| Other Income/Expenses (Net) | -$45.00M | -$48.00M | $149.00M | -$26.00M |
| Income Before Tax | $366.00M | $483.00M | $512.00M | $544.00M |
| Income Before Tax Ratio | $0.11 | $0.13 | $0.14 | $0.15 |
| Income Tax Expense | $110.00M | $130.00M | -$45.00M | $94.00M |
| Net Income | $243.00M | $337.00M | $540.00M | $415.00M |
| Net Income Ratio | $0.07 | $0.09 | $0.15 | $0.12 |
| EPS | $0.61 | $0.84 | $1.35 | $1.03 |
| Diluted EPS | $0.61 | $0.84 | $1.34 | $1.02 |
| Weighted Avg Shares Outstanding | $396.60M | $398.70M | $400.20M | $402.90M |
| Weighted Avg Shares Outstanding (Diluted) | $399.10M | $404.40M | $402.70M | $405.50M |
The company's financials show resilient growth, with revenue advancing from $3.60B in Q2 2024 to $3.35B in Q1 2025. Gross profit remained healthy with margins at 30% in Q1 2025 compared to 30% in Q2 2024. Operating income hit $411.00M last quarter, sustaining a consistent 12% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $453.00M. Net income dropped to $243.00M, while earnings per share reached $0.61. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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