Tearsheet

Otis Worldwide (OTIS)

Market Price (12/28/2025): $87.84 | Market Cap: $34.3 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Otis Worldwide (OTIS)

Market Price (12/28/2025): $87.84
Market Cap: $34.3 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8%	Weak multi-year price returns 2Y Excs Rtn is -43%, 3Y Excs Rtn is -63%	Key risks OTIS key risks include [1] a projected decline in New Equipment sales driven by persistent weakness and liquidity issues in China's property sector.
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%
2	Low stock price volatility Vol 12M is 24%
3	Megatrend and thematic drivers Megatrends include Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include IoT for Buildings, Building Management Systems, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%
2	Low stock price volatility Vol 12M is 24%
3	Megatrend and thematic drivers Megatrends include Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include IoT for Buildings, Building Management Systems, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -43%, 3Y Excs Rtn is -63%
5	Key risks OTIS key risks include [1] a projected decline in New Equipment sales driven by persistent weakness and liquidity issues in China's property sector.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022	2021
Share Price CYE	$87.84	$90.98	$86.51	$74.55	$81.71
Market Cap CYE ($ Bil)	34.3	36.3	35.3	31.0	34.7
Total Debt ($ Bil)	8.5	8.7	7.3	7.2	7.8
Total Cash ($ Bil)	0.8	2.3	1.3	1.2	1.6
Enterprise Value ($ Bil)	42.0	45.0	42.6	38.2	42.5
Valuation Ratios
P/S TTM	2.4	2.6	2.6	2.4	2.6
P/EBIT TTM	16.2	18.1	16.4	15.9	17.7
P/E TTM	25.5	22.6	26.2	26.2	29.9
P/FCF TTM	26.0	25.9	24.7	22.8	23.4
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4	1.1	1.6
P/EBIT TTM (Sector)	13.0	11.8	11.2	9.1	12.2
P/E TTM (Sector)	17.2	16.5	15.4	12.1	16.0
P/FCF TTM (Sector)	13.6	13.2	12.1	8.4	13.8

	12/28/25	2024	2023
Share Price CYE	$87.84	$90.98	$86.51
Market Cap CYE ($ Bil)	34.3	36.3	35.3
Total Debt ($ Bil)	8.5	8.7	7.3
Total Cash ($ Bil)	0.8	2.3	1.3
Enterprise Value ($ Bil)	42.0	45.0	42.6
Valuation Ratios
P/S TTM	2.4	2.6	2.6
P/EBIT TTM	16.2	18.1	16.4
P/E TTM	25.5	22.6	26.2
P/FCF TTM	26.0	25.9	24.7
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4
P/EBIT TTM (Sector)	13.0	11.8	11.2
P/E TTM (Sector)	17.2	16.5	15.4
P/FCF TTM (Sector)	13.6	13.2	12.1

	OTIS	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	14.3
Rev Chg Q	4.0%	7.3%
Rev Chg LTM	0.7%	6.1%
Rev Chg 3Y Avg	1.2%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	2.1
CFO LTM ($ Bil)	1.5
Net Inc LTM ($ Bil)	1.3
Op Mgn LTM	14.8%	18.8%
CFO/Rev LTM	10.3%	20.4%
Net Inc Mgn	9.4%	13.1%
VALUATION	HIGH
P/S	2.4	3.3
P/CFO	23.4	15.8
P/FCF	26.0	20.7
P/E	25.5	23.7
STABILITY	GOOD
Debt/Equity	0.25	0.21
Cash/Assets	0.08	0.07

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Metric	Value	Date	Source
Maintenance Portfolio Growth	4%	10292025	Link
New Equipment Orders Growth (Constant Currency)	4%	10292025	Link
Modernization Orders Growth (Constant Currency)	27%	10292025	Link
Modernization Backlog Growth (Constant Currency)	22%	10292025	Link
New Equipment Backlog Growth (Constant Currency, Excluding China)	8%	10302025	Link
Total Units in Service Portfolio	approaching 2.5 million	10302025	Link
Connected Units	approximately 1.0 million	4052025	Link

Upcoming
2/04/2026	Earnings Release	Rev: - EPS: -
4/21/2026	Earnings Release	Rev: - EPS: -

OTIS Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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1. Strong Third-Quarter 2025 Earnings Beat.

Otis Worldwide's stock climbed significantly on October 29, 2025, by as much as 2.9%, after the company reported third-quarter earnings that surpassed Wall Street's expectations. Adjusted earnings reached $1.05 per share, exceeding analyst estimates of $1.00, and revenue was reported at $3.69 billion, above consensus forecasts of $3.64 billion.

2. Raised Full-Year 2025 Earnings Outlook.

Following its strong Q3 performance, Otis raised the midpoint of its adjusted earnings forecast for the full year 2025, projecting adjusted EPS between $4.04 and $4.08, representing a 5% to 7% increase from the previous year.

3. Robust Performance in the Service Segment.

The company's global Service business continued to be a significant growth driver, with net sales increasing by 9% (6% organically) and the operating profit margin expanding to 25.5% in the third quarter of 2025. This segment consistently contributes to Otis's overall profitability.

4. Persistent Weakness in New Equipment Sales, particularly in China.

Despite overall positive results, the New Equipment segment faced challenges, with sales declining 4% in Q3 2025, largely due to a 20% plunge in the China market. This weakness resulted in lower segment profit and narrowing margins, acting as a headwind for the company.

5. Impact of Cost-Efficiency Programs and Share Repurchases.

Otis reinforced its commitment to cost-efficiency through its UpLift program, which is anticipated to achieve $200 million in annualized savings by the end of 2025. Additionally, the company's ongoing share repurchase program contributed to earnings growth per share.

Stock Movement Drivers

Fundamental Drivers

The -2.6% change in OTIS stock from 9/27/2025 to 12/27/2025 was primarily driven by a -11.9% change in the company's Net Income Margin (%).

	9272025	12272025	Change
Stock Price ($)	89.96	87.62	-2.60%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	14168.00	14310.00	1.00%
Net Income Margin (%)	10.68%	9.41%	-11.86%
P/E Multiple	23.41	25.43	8.65%
Shares Outstanding (Mil)	393.70	391.00	0.69%
Cumulative Contribution			-2.61%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
OTIS	-2.6%
Market (SPY)	4.3%	6.2%
Sector (XLI)	3.0%	29.4%

Fundamental Drivers

The -9.4% change in OTIS stock from 6/28/2025 to 12/27/2025 was primarily driven by a -13.1% change in the company's Net Income Margin (%).

	6282025	12272025	Change
Stock Price ($)	96.68	87.62	-9.37%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	14174.00	14310.00	0.96%
Net Income Margin (%)	10.83%	9.41%	-13.08%
P/E Multiple	24.98	25.43	1.82%
Shares Outstanding (Mil)	396.60	391.00	1.41%
Cumulative Contribution			-9.39%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
OTIS	-9.4%
Market (SPY)	12.6%	5.1%
Sector (XLI)	7.5%	11.2%

Fundamental Drivers

The -4.6% change in OTIS stock from 12/27/2024 to 12/27/2025 was primarily driven by a -18.0% change in the company's Net Income Margin (%).

	12272024	12272025	Change
Stock Price ($)	91.88	87.62	-4.63%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	14206.00	14310.00	0.73%
Net Income Margin (%)	11.48%	9.41%	-18.01%
P/E Multiple	22.54	25.43	12.82%
Shares Outstanding (Mil)	400.20	391.00	2.30%
Cumulative Contribution			-4.68%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
OTIS	-4.6%
Market (SPY)	17.0%	32.9%
Sector (XLI)	19.2%	39.4%

Fundamental Drivers

The 18.9% change in OTIS stock from 12/28/2022 to 12/27/2025 was primarily driven by a 6.6% change in the company's Shares Outstanding (Mil).

	12282022	12272025	Change
Stock Price ($)	73.68	87.62	18.91%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	13815.00	14310.00	3.58%
Net Income Margin (%)	8.95%	9.41%	5.13%
P/E Multiple	24.93	25.43	2.03%
Shares Outstanding (Mil)	418.50	391.00	6.57%
Cumulative Contribution			18.40%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
OTIS	1.1%
Market (SPY)	48.0%	37.2%
Sector (XLI)	41.2%	46.9%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
OTIS Return	51%	30%	-9%	16%	5%	-3%	112%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
OTIS Win Rate	80%	67%	42%	58%	50%	58%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
OTIS Max Drawdown	-12%	-8%	-26%	-3%	-4%	-8%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See OTIS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	OTIS	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-30.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	44.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	510 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-12.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	13.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	27 days	148 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Otis Worldwide's stock fell -30.9% during the 2022 Inflation Shock from a high on 8/30/2021. A -30.9% loss requires a 44.8% gain to breakeven.

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About Otis Worldwide (OTIS)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.

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1-3 Brief Analogies for Otis Worldwide (OTIS):

The Carrier Global for vertical transportation.
The Caterpillar for moving people and goods within buildings.

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Otis Worldwide (OTIS) Major Products

New Equipment: Design, manufacture, sale, and installation of a wide range of elevators, escalators, and moving walkways for commercial and residential buildings.
Service & Maintenance: Comprehensive maintenance, repair, and monitoring services for new and existing elevators, escalators, and moving walkways to ensure safe and reliable operation.
Modernization: Upgrading existing elevators and escalators with new technology, components, and design features to enhance safety, performance, energy efficiency, and aesthetics.

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Otis Worldwide (OTIS) Major Customers

Otis Worldwide (OTIS) sells primarily to other companies rather than directly to individual consumers. Given the nature of its business – manufacturing, installing, and servicing elevators, escalators, and moving walkways – Otis's customer base is highly diversified across numerous construction projects and building portfolios globally. As such, there are typically no individual "major customer companies" that account for a significant portion of Otis's revenue, which would necessitate their disclosure in financial filings. Instead, Otis serves a broad range of business and organizational customers, which can be categorized as follows:

Real Estate Developers & Building Owners: These are companies and entities that plan, finance, construct, and manage residential, commercial (e.g., office buildings, hotels, retail), and mixed-use properties. They purchase new equipment for their developments and rely on Otis for ongoing maintenance, modernization, and service contracts for existing units. Examples of the types of public companies in this sector that could be customers (though not specifically named major customers by Otis) include large REITs or real estate development firms.
General Contractors & Construction Companies: Firms responsible for the overall execution of large-scale building projects frequently procure and install Otis equipment as part of their broader construction contracts. These companies work on behalf of the developers or owners.
Property Management Companies & Facility Managers: These organizations oversee the day-to-day operations and maintenance of buildings and often enter into long-term service agreements with Otis to ensure the safe and efficient functioning of elevators and escalators within their managed properties.
Government & Public Sector Entities: Otis provides equipment and services for various public infrastructure projects, including airports, subways, train stations, hospitals, and government buildings. These customers include municipal, state, and national government agencies or their appointed contractors.

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Judy Marks, Chair, Chief Executive Officer and President

Judy Marks has over 40 years of industry experience, actively leading technological and business advancements globally. She led the successful spin-off of Otis to an independent publicly traded company on the NYSE in April 2020 and was named Chair in February 2022. Prior to Otis, she held senior leadership roles at IBM, Lockheed Martin, and Siemens AG, where she served as CEO of both Siemens USA and Dresser-Rand, a Siemens business.

Cristina Méndez, Executive Vice President & Chief Financial Officer

Cristina Méndez was appointed Executive Vice President & Chief Financial Officer of Otis, effective August 23, 2024. She joined Otis in 2022, having previously served as Senior Vice President, Finance EMEA & Transformation for the company's Europe, Middle East & Africa region, focusing on financial planning and analysis, mergers & acquisitions, and transformation activities. Before joining Otis, Méndez spent over 15 years in the global telecommunications industry as a senior Finance executive, primarily at Telefonica Group, where she was responsible for strategic and financial planning, including as Senior Vice President, Director Controlling of Telefonica Deutschland.

Nora LaFreniere, Executive Vice President & General Counsel

Nora LaFreniere is the Executive Vice President & General Counsel for Otis, responsible for the global legal, compliance, business development, intellectual property, security, government relations, quality, and environmental, health, and safety functions. She has spent two decades with Otis and its former parent company, United Technologies Corporation (UTC). Her previous roles include Assistant Counsel for Otis North and South America, and later Vice President and General Counsel for both UTC Building & Industrial Systems and UTC Climate Controls & Security.

Enrique Miñarro Viseras, President, Otis Europe, Middle East & Africa and Latin America

Enrique Miñarro Viseras is the President of Otis Europe, Middle East & Africa and Latin America, overseeing all aspects of the new equipment and service businesses in the region. He brings two decades of global, commercial, operational, and P&L management experience. Before joining Otis, Miñarro Viseras held leadership roles at Ingersoll Rand (formerly Gardner Denver) and Emerson, where he was responsible for global and regional P&Ls.

Stéphane de Montlivault, President, Otis Asia Pacific

Stéphane de Montlivault serves as the President of Otis Asia Pacific, responsible for all Otis business in the Asia Pacific region, excluding China. He joined Otis in 2015. His career at Otis began in North America in 1984, holding various positions in sales, procurement strategy, and finance before relocating to Singapore in 1989 to manage financial planning and analysis for Pacific Asia Operations. He has since held numerous country and regional leadership positions across the North and South Asia regions.

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The key risks to Otis Worldwide (OTIS) include:

Dependence on the Construction Cycle and Weakness in China: Otis Worldwide's performance is closely tied to the global construction cycle, particularly affecting its New Equipment segment. Persistent weakness in the China market, including specific liquidity issues in its property sector, is a significant headwind, leading to reduced demand for new installations and impacting overall growth and profitability. Otis projects a decline in organic New Equipment sales by approximately 7% for the full year 2025, largely due to this softness in China.
Economic Uncertainty and Market Risks from International Operations: Otis operates in a global market, with a significant portion of its net sales derived from international operations (approximately 70% in 2024). This exposes the company to various economic uncertainties and market risks, such as fluctuating interest rates, commodity prices, currency exchange rates, and potential political instability in countries where it operates. Rising operational costs can also squeeze margins if not managed effectively.
Competitive Pressure and Technological Disruption: The elevator and escalator industry is highly competitive, with several major players vying for market share. Otis must continuously innovate to maintain its competitive edge, as emerging technologies and new market entrants have the potential to disrupt the existing market dynamics.

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Otis Worldwide (symbol: OTIS) operates within the global elevator and escalator industry, which encompasses new equipment, maintenance, and modernization services. The overall addressable market for elevators and escalators is substantial and continues to grow.

Global Elevator and Escalator Market: The global elevator and escalator industry was valued at approximately $85 billion in 2023 and is projected to reach $110 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 5.2%. Other estimates place the global market size at USD 79.06 billion in 2024, projected to reach USD 116.14 billion by 2030 with a CAGR of 6.7% from 2025 to 2030. Another report valued the market at USD 161.73 billion in 2024 and forecasts it to reach USD 244.27 billion by 2033, with a CAGR of 4.64% from 2025-2033.
New Equipment: The global market for new elevator and escalator installations is projected to exceed EUR 30 billion (approximately US$34.76 billion) by 2030, up from an estimated EUR 25 billion (approximately US$28.97 billion) in 2020. In 2024, the new equipment business segment accounted for 47.7% of the global revenue share within the elevators market.
Service (Maintenance, Repair, and Modernization): The global elevator maintenance market was valued at USD 33.45 billion in 2024 and is projected to grow to USD 61.12 billion by 2032, at a CAGR of 8.0%. Another estimate for the global elevator repair and maintenance service market valued it at approximately USD 50 billion in 2023, with a projection to reach USD 85 billion by 2033. The maintenance segment accounted for over half of the total elevator and escalator market value in 2020. Modernization sales specifically increased from $1.35 billion in 2019 to $1.53 billion in 2023 globally.

Regional Market Sizes:

Asia Pacific: This region is a dominant force in the market, holding over 63.6% of the global elevator and escalator market share in 2024. The Asia Pacific market accounted for 41.5% of the global elevator market share in 2024. It also dominated the global elevator maintenance market with a 44.04% share in 2024.
North America: The North America elevators market represented 12.7% of the global elevator market share in 2024. The U.S. market alone was valued at USD 13 billion in 2024.

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Otis Worldwide (OTIS) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market dynamics:

Expansion of the Service Portfolio (Maintenance and Repair): Otis consistently emphasizes its service-driven business model, with the maintenance and repair portfolio being a primary and stable revenue generator. The company reported a 4% increase in maintenance portfolio units in Q3 2025, reaching approximately 2.4 million units, and organic service sales grew 6% in the same quarter. This expanding installed base provides a recurring revenue stream and is a key focus for sustained growth.
Growth in Modernization Sales: Modernization services are a significant growth driver, addressing the demand for upgrading and replacing aging elevator and escalator systems. Otis reported a 14% organic sales growth in modernization in Q3 2025 and a 27% increase in modernization orders at constant currency, with backlog up 22%. This trend is expected to continue as infrastructure ages and regulations evolve.
New Equipment Sales Growth (outside of China): While the New Equipment market in China faces headwinds, Otis is experiencing growth in other regions. New Equipment orders, excluding China, were up 7% in Q3 2025 at constant currency. The company aims for flat to low-single-digit organic New Equipment sales growth in its medium-term outlook.
Digital Transformation and Service Enhancements: Otis is investing in digital solutions to enhance service efficiency and customer experience. This includes connecting a larger portion of its global units and leveraging technology to improve productivity and expand subscription sales, ultimately increasing the stickiness and conversion rates within its service offerings.
Strategic Geographic Expansion (focusing on high-growth markets beyond China): Otis is strategically expanding its presence in high-growth markets, particularly in Asia Pacific, to offset challenges in the China New Equipment market. The company anticipates strong growth in Asia Pacific, helping to partially offset declines in China for its New Equipment segment.

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Share Repurchases

Otis Worldwide's Board of Directors authorized a new $2 billion share repurchase program, effective January 16, 2025, which replaced a prior program with approximately $100 million remaining.
In 2024, the company completed $1.0 billion in share repurchases.
As of Q3 2025 year-to-date, Otis Worldwide had approximately $800 million in share repurchases.

Outbound Investments

In early 2022, Otis acquired the remaining 49.98% stake in its Spanish subsidiary Otis Zardoya for a net cash outflow of $1.80 billion.
In 2024, Otis deployed $87 million for approximately 30 targeted bolt-on acquisitions, including Jardine Schindler Lifts Limited in Taiwan.
In April 2025, Otis acquired eight of eleven Urban Elevator locations in the U.S. to enhance its service capabilities.

Capital Expenditures

For the full year 2024, Otis Worldwide's capital expenditures were approximately $87 million.
Year-to-date as of Q3 2025, capital expenditures totaled approximately $176 million.
The company generally aims for capital expenditures between 1.1% and 1.3% of sales, with a focus on supporting its service-driven business model and digital initiatives like Otis ONE for productivity improvements.

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INDUSTRY: Industrial Machinery & Supplies & Components

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SECTOR: Industrials

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BA (10.2%)

Boeing

GEV (9.4%)

GE Vernova

RTX (8.8%)

RTX

Higher Rev Chg 3Y Avg (Value for OTIS: 1.2%)

UBER (19.6%)

Uber Technologies

GE (15.7%)

GE Aerospace

BA (10.1%)

Boeing

RTX (9.4%)

RTX

CAT (4.9%)

Caterpillar

Higher Op Mgn LTM (Value for OTIS: 14.8%)

UNP (40.6%)

Union Pacific

GE (20.5%)

GE Aerospace

HON (18.9%)

Honeywell International

DE (18.8%)

Deere

CAT (17.7%)

Caterpillar

Higher CFO/Rev LTM (Value for OTIS: 10.3%)

UNP (39.6%)

Union Pacific

UBER (18.1%)

Uber Technologies

CAT (17.8%)

Caterpillar

GE (17.2%)

GE Aerospace

DE (16.7%)

Deere

Higher FCF/Rev LTM (Value for OTIS: 9.2%)

UNP (24.5%)

Union Pacific

UBER (17.5%)

Uber Technologies

HON (15.2%)

Honeywell International

GE (14.7%)

GE Aerospace

CAT (11.7%)

Caterpillar

Higher Total Yield (Value for OTIS: 5.8%)

UBER (9.8%)

Uber Technologies

UNP (7.4%)

Union Pacific

HON (7.2%)

Honeywell International

ADP (6.3%)

Automatic Data Processing

LMT (5.8%)

Lockheed Martin

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for OTIS: 1.2% | 2.4x)

WMT (5.4% | 1.3x)

Walmart

COST (6.7% | 1.4x)

Costco Wholesale

HD (1.9% | 2.1x)

Home Depot

UNH (11.4% | 0.7x)

UnitedHealth

DIS (4.5% | 2.2x)

Walt Disney

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for OTIS: 1.2% | 16.2x)

HD (1.9% | 16.1x)

Home Depot

UNH (11.4% | 11.4x)

UnitedHealth

MRK (2.9% | 11.9x)

Merck

TMUS (2.4% | 11.6x)

T-Mobile US

DIS (4.5% | 14.8x)

Walt Disney

Higher Rev Chg LTM (Value for OTIS: 0.7%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for OTIS: 1.2%)

NVDA (91.6%)

NVIDIA

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

AAPL (1.8%)

Apple

Higher Op Mgn LTM (Value for OTIS: 14.8%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for OTIS: 10.3%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

AMZN (18.1%)

Amazon.com

Higher FCF/Rev LTM (Value for OTIS: 9.2%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for OTIS: 5.8%)

XOM (9.2%)

Exxon Mobil

JNJ (7.5%)

Johnson & Johnson

BAC (7.1%)

Bank of America

JPM (6.4%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

		Best Bets In Industrials Sector
	OTIS	GATX	VRSK	PAYX	ADT	AGX	PCTY	TDG	FTV	VRRM	CSW
What You Pay
P/E	25.4	19.9	33.4	25.7	10.4	37.5	37.9	36.7	30.6	70.3	35.9
P/EBIT	16.2	9.6	22.8	17.7	5.2	37.6	27.2	18.1	14.9	20.8	27.7
What You Get
Rev Chg Q	4.0%	8.4%	5.9%	18.3%	4.4%	-2.3%	12.5%	11.5%	2.3%	16.1%	21.5%
Rev Chg LTM	0.7%	10.7%	7.3%	12.4%	6.3%	13.5%	13.3%	11.2%	27.9%	8.5%	14.9%
Rev Chg 3Y Avg	1.2%	10.3%	13.4%	7.9%	3.4%	26.9%	21.4%	17.7%	9.4%	9.1%	11.3%
FCF/Rev 3Y Avg	9.5%	39.2%	33.2%	32.6%	24.7%	24.5%	21.5%	21.0%	20.1%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Otis Worldwide Earnings Notes
2	Otis Worldwide Earnings Notes
3	Otis Worldwide Earnings Notes
4	Otis Worldwide Earnings Notes
5	How Low Can Otis Worldwide Stock Really Go?	Return
6	Otis Worldwide vs Alphabet: Which Is A Better Investment?	Counter-Intuitive Comparisons
7	Otis Worldwide vs Honeywell International: Which Is A Better Investment?	Counter-Intuitive Comparisons
8	Otis Worldwide vs W.W. Grainger: Which Is A Better Investment?	Counter-Intuitive Comparisons
9	How Does Otis Worldwide Stock Stack Up Against Its Peers?	Peer Comparison
10	Better Bet Than OTIS Stock: Pay Less Than Otis Worldwide To Get More From TMUS, UNH

	Title
0	ARTICLES

Trade Ideas

Select ideas related to OTIS. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	18.3%	18.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.5%	5.5%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	7.1%	7.1%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.9%	2.9%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	5.7%	5.7%	-0.4%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Otis Worldwide

Peers to compare with:

Financials

	OTIS	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Otis Wor.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	87.62	23.26	24.49	305.09	78.16	273.40	82.89
Mkt Cap	34.3	21.9	32.6	284.9	309.2	4,074.4	159.6
Rev LTM	14,310	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	2,118	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	1,323	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	1,343	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	1,469	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	1,478	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	OTIS	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Otis Wor.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	0.7%	3.2%	13.8%	4.5%	8.9%	6.0%	5.2%
Rev Chg 3Y Avg	1.2%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	4.0%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	1.0%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	14.8%	6.6%	4.8%	17.7%	22.5%	31.9%	16.2%
Op Mgn 3Y Avg	15.0%	7.4%	7.2%	16.4%	24.2%	30.8%	15.7%
QoQ Delta Op Mgn LTM	1.4%	-0.2%	-1.4%	0.6%	0.4%	0.1%	0.2%
CFO/Rev LTM	10.3%	6.7%	8.5%	20.6%	23.8%	26.6%	15.4%
CFO/Rev 3Y Avg	10.4%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	9.2%	5.1%	1.8%	18.1%	22.1%	23.5%	13.7%
FCF/Rev 3Y Avg	9.5%	5.5%	4.6%	18.6%	24.6%	25.6%	14.1%

Valuation

	OTIS	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Otis Wor.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	34.3	21.9	32.6	284.9	309.2	4,074.4	159.6
P/S	2.4	0.4	1.0	4.4	5.4	10.0	3.4
P/EBIT	16.2	6.8	19.9	25.1	22.5	31.3	21.2
P/E	25.4	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	23.3	5.9	11.2	21.1	22.5	37.5	21.8
Total Yield	5.8%	14.1%	2.3%	5.0%	5.4%	2.8%	5.2%
Dividend Yield	1.9%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	3.7%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.2	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	0.2	0.3	0.6	0.2	0.0	0.0	0.2

Returns

	OTIS	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Otis Wor.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	-1.1%	-1.8%	14.4%	0.6%	2.7%	-1.5%	-0.2%
3M Rtn	-2.6%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	-9.4%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-4.6%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	18.9%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	-3.4%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-2.8%
3M Excs Rtn	-6.9%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	-21.6%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-20.6%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-63.2%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	How Does Otis Worldwide Stock Stack Up Against Its Peers?
1	Otis Worldwide vs. Parker Hannifin: With Return Forecast Of 9.4%, Parker Hannifin Is A Better Bet
2	AME Looks Stronger Than OTIS With 15% Return Potential
3	ROK Looks Stronger Than OTIS With 9.7% Return Potential
4	Why ROP With 49% Upside May Beat OTIS?
5	Otis Worldwide vs. Emerson Electric Company: With Return Forecast Of -20%, Otis Worldwide Is A Better Bet
6	Otis Worldwide vs Johnson Controls: Industry Peers; Which Stock Is A Better Bet?
7	Otis Worldwide vs Old Dominion Freight Line: Similar Market Cap; Which Stock Is A Better Bet?
8	Otis Worldwide vs DuPont: Similar Market Cap; Which Stock Is A Better Bet?
9	Otis Worldwide vs Adobe: Similar Revenue; Which Stock Is A Better Bet?

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/4/2025	2/2/2024	2/3/2023	2/4/2022	2/5/2021	3/11/2020
Key Financials
Total Revenue	14,310	14,261	14,209	13,685	14,298	12,756	13,118
EBITDA	2,296	2,232	2,440	2,262	2,311	1,830	1,994
Operating Income	2,118	2,051	2,247	2,071	2,108	1,639	1,814
Net Income	1,347	1,645	1,406	1,253	1,246	906	1,116
EPS	3.42	4.10	3.42	2.98	2.91	2.09	2.58
Growth Rates
Total Revenue Growth	0.7%	0.4%	3.8%	-4.3%	12.1%	-2.8%	1.6%
EBITDA Growth	2.5%	-8.5%	7.9%	-2.1%	26.3%	-8.2%	-1.5%
Operating Income Growth	2.8%	-8.7%	8.5%	-1.8%	28.6%	-9.6%	-1.1%
Net Income Growth	-17.4%	17.0%	12.2%	0.6%	37.5%	-18.8%	6.4%
Margins
EBITDA Margin	16.0%	15.7%	17.2%	16.5%	16.2%	14.3%	15.2%
Operating Income Margin	14.8%	14.4%	15.8%	15.1%	14.7%	12.8%	13.8%
Net Income Margin	9.4%	11.5%	9.9%	9.2%	8.7%	7.1%	8.5%
Cash & Debt
Total Cash	840	2,300	1,274	1,189	1,565	1,782	1,446
Total Debt	8,488	8,742	7,307	7,210	7,790	6,497	565
Net Debt / (Cash)	7,648	6,442	6,033	6,021	6,225	4,715	-881
Cash Flows
Net Cash from Operations	1,469	1,563	1,627	1,560	1,750	1,480	1,469
Free Cash from Operations	1,323	1,437	1,489	1,445	1,594	1,297	1,324
Returns to Shareholders
Dividends	639	606	539	465	393	260	-0
Share Repurchases	1,016	1,007	800	850	725	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	7/24/2025	4/24/2025	2/4/2025	10/31/2024	7/25/2024	4/25/2024	2/2/2024	10/26/2023	7/27/2023	4/27/2023	2/3/2023
Key Financials Quarterly
Total Revenue	3,690	3,595	3,350	3,675	3,548	3,601	3,437	3,620	3,523	3,720	3,346	3,439
Ebitda	630	591	453	622	411	611	588	631	617	632	560	575
Operating Income	586	547	411	574	363	570	544	583	571	580	513	529
Net Income	374	393	243	337	540	415	353	323	376	376	331	297
EPS	0.96	1.00	0.61	0.85	1.35	1.03	0.87	0.79	0.92	0.91	0.80	0.71
Key Financials TTM
Total Revenue TTM	14,310	14,168	14,174	14,261	14,206	14,181	14,300	14,209	14,028	13,849	13,617	13,685
Ebitda TTM	2,296	2,077	2,097	2,232	2,241	2,447	2,468	2,440	2,384	2,344	2,248	2,262
Operating Income TTM	2,118	1,895	1,918	2,051	2,060	2,268	2,278	2,247	2,193	2,151	2,058	2,071
Net Income TTM	1,347	1,513	1,535	1,645	1,631	1,467	1,428	1,406	1,380	1,328	1,273	1,253
Growth Rates Quarterly
Total Revenue Growth	4.0%	-0.2%	-2.5%	1.5%	0.7%	-3.2%	2.7%	5.3%	5.4%	6.7%	-2.0%	-3.6%
EBITDA Growth	53.3%	-3.3%	-23.0%	-1.4%	-33.4%	-3.3%	5.0%	9.7%	6.9%	17.9%	-2.4%	5.1%
Operating Income Growth	61.4%	-4.0%	-24.4%	-1.5%	-36.4%	-1.7%	6.0%	10.2%	7.9%	19.1%	-2.5%	6.7%
Net Income Growth	-30.7%	-5.3%	-31.2%	4.3%	43.6%	10.4%	6.6%	8.8%	16.0%	17.1%	6.4%	5.7%
Margins Quarterly
EBITDA Margin	17.1%	16.4%	13.5%	16.9%	11.6%	17.0%	17.1%	17.4%	17.5%	17.0%	16.7%	16.7%
Operating Income Margin	15.9%	15.2%	12.3%	15.6%	10.2%	15.8%	15.8%	16.1%	16.2%	15.6%	15.3%	15.4%
Net Income Margin	10.1%	10.9%	7.3%	9.2%	15.2%	11.5%	10.3%	8.9%	10.7%	10.1%	9.9%	8.6%
Cash & Debt
Total Cash	840	688	1,918	2,300	827	942	884	1,274	1,636	1,219	1,117	1,189
Total Debt	8,488	8,124	8,725	8,742	7,549	7,462	7,165	7,307	7,700	7,171	7,091	7,210
Net Debt / (Cash)	7,648	7,436	6,807	6,442	6,722	6,520	6,281	6,033	6,064	5,952	5,974	6,021
Cash Flows Quarterly
FCF from Operations	374	215	190	690	394	308	171	597	306	446	278	464
Cash Flows TTM
FCF from Operations TTM	1,469	1,489	1,582	1,563	1,470	1,382	1,520	1,627	1,494	1,427	1,334	1,560
Returns to Shareholders Quarterly
Dividends	164	164	155	156	155	157	138	139	139	141	120	120
Share Repurchases	248	308	253	207	200	300	300	225	225	175	175	150
Return on Invested Capital (ROIC) Quarterly
ROIC	23.1%	23.9%	16.9%	26.0%	21.6%	28.9%	25.9%	27.9%	28.0%	29.3%	25.2%	24.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	20.9%	21.5%	23.9%	27.1%	26.0%	26.5%	26.9%	27.5%	26.5%	26.2%	25.1%	24.9%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Service	8,397	7,821	7,870	7,385	7,470
New Equipment	5,812	5,864	6,428	5,371	5,648
General corporate expenses and other		0
Total	14,209	13,685	14,298	12,756	13,118

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Service	2,014	1,789	1,762	1,611	1,603
New Equipment	381	358	459	318	393
UpLift transformation costs	-16
UpLift restructuring	-25
Other restructuring	-42
General corporate expenses and other	-126	-114	-113	-290	-182
Total	2,186	2,033	2,108	1,639	1,814

Price Behavior

Price Behavior

Market Price	$87.62
Market Cap ($ Bil)	34.3
First Trading Date	03/19/2020
Distance from 52W High	-14.8%
	50 Days	200 Days
DMA Price	$89.08	$92.19
DMA Trend	down	down
Distance from DMA	-1.6%	-5.0%
	3M	1YR
Volatility	15.5%	23.8%
Downside Capture	28.18	50.38
Upside Capture	9.71	37.69
Correlation (SPY)	7.6%	33.0%

OTIS Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.00	0.15	0.24	0.30	0.42	0.60
Up Beta	0.03	-0.27	-0.11	0.05	0.32	0.46
Down Beta	-0.99	-0.03	0.07	0.10	0.46	0.53
Up Capture	-19%	19%	41%	23%	26%	38%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	9	19	32	69	137	418
Down Capture	34%	45%	40%	70%	68%	93%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	22	30	55	108	327

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of OTIS With Other Asset Classes (Last 1Y)
	OTIS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-4.7%	19.3%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	23.7%	18.8%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	-0.26	0.80	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		39.5%	33.0%	11.3%	5.1%	46.2%	12.8%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of OTIS With Other Asset Classes (Last 5Y)
	OTIS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.5%	13.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	22.0%	17.2%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.29	0.65	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		62.9%	55.3%	11.7%	10.9%	52.6%	23.2%

Based On 10-Year Data

		Comparison of OTIS With Other Asset Classes (Last 10Y)
	OTIS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	13.8%	13.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	25.4%	19.9%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.52	0.60	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		57.8%	52.1%	8.6%	13.1%	52.6%	20.0%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	7,244,273
Short Interest: % Change Since 11302025	-1.9%
Average Daily Volume	2,430,786
Days-to-Cover Short Interest	2.98
Basic Shares Quantity	391,000,000
Short % of Basic Shares	1.9%

Returns Analyses

	Title
0	How Low Can Otis Worldwide Stock Really Go?
1	OTIS YTD Stock Return Of -100% Underperforms GWW by 0% and Underperforms JCI by -140%
2	OTIS YTD Stock Return Of 2.2% Outperforms JCI by 21% and Underperforms GWW by -29%
3	Otis Worldwide Stock Return Comparison
4	Otis Worldwide Total Shareholder Return (TSR): -8.8% in 2022 and 21.6% 3-yr returns (above peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/29/2025	2.3%	-0.7%	-2.5%
7/23/2025	-12.4%	-13.6%	-11.3%
4/23/2025	-6.7%	-4.1%	-0.9%
1/29/2025	-1.3%	-1.5%	2.7%
10/30/2024	-3.0%	-1.2%	1.5%
7/24/2024	-7.1%	-4.6%	-4.1%
4/24/2024	-4.2%	-6.4%	1.7%
1/31/2024	-1.7%	2.2%	6.3%
...
SUMMARY STATS
# Positive	10	9	15
# Negative	13	14	8
Median Positive	3.0%	3.9%	6.3%
Median Negative	-2.3%	-2.5%	-3.2%
Max Positive	7.0%	9.2%	18.7%
Max Negative	-12.4%	-13.6%	-11.3%

	Forward Returns
10/29/2025	2.3%	-0.7%	-2.5%
7/23/2025	-12.4%	-13.6%	-11.3%
4/23/2025	-6.7%	-4.1%	-0.9%
1/29/2025	-1.3%	-1.5%	2.7%
10/30/2024	-3.0%	-1.2%	1.5%
7/24/2024	-7.1%	-4.6%	-4.1%
4/24/2024	-4.2%	-6.4%	1.7%
1/31/2024	-1.7%	2.2%	6.3%
10/25/2023	-2.3%	-0.1%	10.4%
7/26/2023	3.6%	3.0%	-3.9%
4/26/2023	-0.9%	4.4%	-1.5%
2/1/2023	2.8%	1.7%	4.5%
10/26/2022	-0.7%	3.9%	13.9%
7/27/2022	5.1%	6.5%	6.8%
4/25/2022	1.6%	-0.8%	1.0%
1/31/2022	3.2%	-0.4%	-5.9%
10/25/2021	-4.4%	-6.2%	-1.4%
7/26/2021	0.6%	1.2%	1.9%
4/26/2021	7.0%	9.2%	10.0%
2/1/2021	-0.2%	-1.1%	1.5%
10/26/2020	-0.4%	-3.4%	6.3%
7/28/2020	3.4%	8.4%	10.6%
5/7/2020	2.2%	-7.4%	18.7%
SUMMARY STATS
# Positive	10	9	15
# Negative	13	14	8
Median Positive	3.0%	3.9%	6.3%
Median Negative	-2.3%	-2.5%	-3.2%
Max Positive	7.0%	9.2%	18.7%
Max Negative	-12.4%	-13.6%	-11.3%

SEC Filings

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Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/30/2025
6302025	7242025	10-Q 6/30/2025
3312025	4242025	10-Q 3/31/2025
12312024	2042025	10-K 12/31/2024
9302024	10312024	10-Q 9/30/2024
6302024	7252024	10-Q 6/30/2024
3312024	4252024	10-Q 3/31/2024
12312023	2022024	10-K 12/31/2023
9302023	10262023	10-Q 9/30/2023
6302023	7272023	10-Q 6/30/2023
3312023	4272023	10-Q 3/31/2023
12312022	2032023	10-K 12/31/2022
9302022	10272022	10-Q 9/30/2022
6302022	7282022	10-Q 6/30/2022
3312022	4272022	10-Q 3/31/2022
12312021	2042022	10-K 12/31/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Otis Worldwide (OTIS)

Market Price (12/28/2025): $87.84 | Market Cap: $34.3 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Otis Worldwide (OTIS)

Market Price (12/28/2025): $87.84Market Cap: $34.3 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

OTIS Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Otis Worldwide (OTIS)

Otis Worldwide (OTIS) Major Products

Otis Worldwide (OTIS) Major Customers

Interactive Breakdown

Better Bets than Otis Worldwide (OTIS)

INDUSTRY: Industrial Machinery & Supplies & Components

Higher Rev Chg 3Y Avg | Lower P/S (Values for OTIS: 1.2% | 2.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for OTIS: 1.2% | 16.2x)

Higher Rev Chg LTM (Value for OTIS: 0.7%)

Higher Rev Chg 3Y Avg (Value for OTIS: 1.2%)

Higher Op Mgn LTM (Value for OTIS: 14.8%)

Higher CFO/Rev LTM (Value for OTIS: 10.3%)

Higher FCF/Rev LTM (Value for OTIS: 9.2%)

Higher Total Yield (Value for OTIS: 5.8%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for OTIS: 1.2% | 2.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for OTIS: 1.2% | 16.2x)

Higher Rev Chg LTM (Value for OTIS: 0.7%)

Higher Rev Chg 3Y Avg (Value for OTIS: 1.2%)

Higher Op Mgn LTM (Value for OTIS: 14.8%)

Higher CFO/Rev LTM (Value for OTIS: 10.3%)

Higher FCF/Rev LTM (Value for OTIS: 9.2%)

Higher Total Yield (Value for OTIS: 5.8%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for OTIS: 1.2% | 2.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for OTIS: 1.2% | 16.2x)

Higher Rev Chg LTM (Value for OTIS: 0.7%)

Higher Rev Chg 3Y Avg (Value for OTIS: 1.2%)

Higher Op Mgn LTM (Value for OTIS: 14.8%)

Higher CFO/Rev LTM (Value for OTIS: 10.3%)

Higher FCF/Rev LTM (Value for OTIS: 9.2%)

Higher Total Yield (Value for OTIS: 5.8%)

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Market Price (12/28/2025): $87.84 | Market Cap: $34.3 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Market Price (12/28/2025): $87.84
Market Cap: $34.3 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components