Financial insights of OTIS

MyFinsight

For the year ending 2025-12-31, OTIS made $14,431M in revenue. $1,384M in net income. Net profit margin of 9.59%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Net sales	14,431	14,261	14,209	13,685
Cost of sales-Product	4,182	4,459	4,843	4,949
Cost of sales-Service	5,879	5,545	5,173	4,816
Research and development	152	152	144	150
Selling, general and administrative	1,979	1,861	1,884	1,763
Costs and expenses	12,192	12,017	12,044	11,678
Other income (expense), net	-106	-236	21	26
Operating profit	2,133	2,008	2,186	2,033
Non-service pension cost (benefit)	3	0	5	2
Interest expense (income), net	-196	31	-150	-143
Net income before income taxes	1,934	2,039	2,031	1,888
Income tax expense	479	305	533	519
Net income	1,455	1,734	1,498	1,369
Less noncontrolling interest in subsidiaries' earnings	71	89	92	116
Net income attributable to otis worldwide corporation	1,384	1,645	1,406	1,253

Basic (in usd per share)	3.52	4.1	3.42	2.98
Basic shares (in shares)	392,800,000	401,700,000	411,400,000	420,000,000
Diluted (in usd per share)	3.5	4.07	3.39	2.96
Diluted shares (in shares)	394,900,000	404,400,000	414,600,000	423,000,000