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Otis Worldwide Corp
Previous close
$93.37
Year range
$73.32 - $100.35
Market cap
37.74B USD
Avg Volume
1.91M
P/E ratio
26.96
Dividend yield
1.67%
Primary exchange
NYSE
Financials
Income Statement
Revenue
Net income
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Revenue | 3.62B | 5.26% |
Operating expense | 506.00M | 8.35% |
Net income | 323.00M | 8.75% |
Net profit margin | 8.92 | 3.24% |
Earnings per share | 0.87 | 16.00% |
EBITDA | 605.00M | 11.01% |
Effective tax rate | 27.88% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Cash and short-term investments | 1.27B | 7.15% |
Total assets | 10.12B | 3.03% |
Total liabilities | 14.84B | 2.44% |
Total equity | -4.72B | — |
Shares outstanding | 405.45M | — |
Price to book | -7.71 | — |
Return on assets | 13.58% | — |
Return on capital | 49.06% | — |
Cash Flow
Net change in cash
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Net income | 323.00M | 8.75% |
Cash from operations | 597.00M | 28.66% |
Cash from investing | -51.00M | 46.32% |
Cash from financing | -932.00M | -272.80% |
Net change in cash | -361.00M | -335.95% |
Free cash flow | 496.50M | 53.06% |
About
Otis Worldwide Corporation is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.
Based in Farmington, Connecticut, U.S., Otis is the world's largest manufacturer of vertical transportation systems, principally focusing on elevators, moving walkways, and escalators. The company pioneered the development of the "safety elevator", invented by Elisha Otis in 1852, which used a special mechanism to lock the elevator car in place should the hoisting ropes fail.
The Otis Elevator Company was acquired by United Technologies in 1976, but it was spun off as an independent company 44 years later in April 2020 as Otis Worldwide Corporation.
Its slogan is "Made to move you". Wikipedia
CEO
Founded
Sep 20, 1853
Headquarters
Website
Employees
71,000
