OTIS WORLDWIDE CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 7,956 | 310.3 |
| Stockholders' equity | (5,392) | -210.3 |
| Total capitalization | 2,564 | 100.0 |
380,669,339 shares outstanding at 15 July 2026 (cover page of the 10-Q filed 23 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 7,741 |
| Long-term debt, noncurrent | 6,900 |
| Current maturities | 841 |
| Short-term borrowings / commercial paper | 215 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 2,000,000,000 |
| Common shares issued | 439,400,000 |
| Treasury shares | 49,600,000 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 7/15/26 | 380,669,339 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.65 | 47.1 |
| 2024 | 1.51 | 37.1 |
| 2023 | 1.31 | 38.6 |
| 2022 | 1.11 | 37.5 |
| 2021 | 0.92 | 31.8 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3600, Electronic & Other Electrical Equipment (No Computer Equip). Large accelerated filer. Principal executive office: One Carrier Place, Farmington, CT 06032. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 14,431 | 14,261 | 14,209 |
| Research and development | 152 | 152 | 144 |
| Selling, general and administrative | 1,979 | 1,861 | 1,884 |
| Depreciation and amortization | 175 | 181 | 193 |
| Operating income | 2,133 | 2,008 | 2,186 |
| Interest expense | 217 | 183 | 155 |
| Income before income taxes | 1,934 | 2,039 | 2,031 |
| Income taxes | 479 | 305 | 533 |
| Net income | 1,384 | 1,645 | 1,406 |
| Earned per share, diluted ($) | 3.50 | 4.07 | 3.39 |
| Dividends per share ($) | 1.65 | 1.51 | 1.31 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,096 | 2,300 |
| Receivables, net | 3,688 | 3,428 |
| Inventories | 613 | 557 |
| Total current assets | 6,501 | 7,670 |
| Property, plant and equipment, net | 743 | 701 |
| Goodwill | 1,695 | 1,548 |
| Total assets | 10,653 | 11,316 |
| Total current liabilities | 7,656 | 7,749 |
| Long-term debt | 6,900 | 6,973 |
| Total liabilities | 15,924 | 16,044 |
| Stockholders' equity | (5,392) | (4,848) |
| Total liabilities and equity | 10,653 | 11,316 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 14,431 | 2,133 | 1,384 | 9.6 | 3.50 | 1.65 | 1,596 | 152 | 1,444 | 10,653 | 15,924 | 7,956 | (5,392) | -25.7 | -1.48 |
| 12/31/24 | 14,261 | 2,008 | 1,645 | 11.5 | 4.07 | 1.51 | 1,563 | 126 | 1,437 | 11,316 | 16,044 | 8,324 | (4,848) | -33.9 | -1.72 |
| 12/31/23 | 14,209 | 2,186 | 1,406 | 9.9 | 3.39 | 1.31 | 1,627 | 138 | 1,489 | 10,117 | 14,837 | 6,898 | (4,924) | -28.6 | -1.40 |
| 12/31/22 | 13,685 | 2,033 | 1,253 | 9.2 | 2.96 | 1.11 | 1,560 | 115 | 1,445 | 9,819 | 14,483 | 6,768 | (4,870) | -25.7 | -1.39 |
| 12/31/21 | 14,298 | 2,108 | 1,246 | 8.7 | 2.89 | 0.92 | 1,750 | 156 | 1,594 | 12,279 | 15,263 | 7,273 | (3,625) | -34.4 | -2.01 |
| 12/31/20 | 12,756 | 1,639 | 906 | 7.1 | 2.08 | 0.60 | 1,480 | 183 | 1,297 | 10,710 | 13,911 | 5,963 | (3,862) | -23.5 | -1.54 |
| 12/31/19 | 13,118 | 1,814 | 1,116 | 8.5 | 2.55 | 0.00 | 1,469 | 145 | 1,324 | 9,687 | 7,361 | 39 | 1,700 | 65.6 | 0.02 |
| 12/31/18 | 12,915 | 1,835 | 1,049 | 8.1 | 2.42 | 0.00 | 1,550 | 172 | 1,378 | – | – | – | 2,012 | 52.1 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Otis Worldwide Corp
CIK 1781335 · EIN 83-3789412
PRINCIPAL OFFICE:
One Carrier Place, Farmington, CT 06032
Tel.: 8606743000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3600 · Electronic & Other Electrical Equipment (No Computer Equip)
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 5 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/5/26) · 10-K FY2024 (filed 2/4/25) · 10-K FY2023 (filed 2/2/24) · 10-K FY2022 (filed 2/3/23) · 10-K FY2021 (filed 2/4/22) · 10-K FY2020 (filed 2/5/21). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.