financial statements

The full income statement, balance sheet, and cash-flow statement for Otis Worldwide Corporation Common Stock (OTIS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	14.4B YoY+1.2%	14.3B YoY+0.4%	14.2B YoY+3.8%	13.7B YoY-4.3%	14.3B YoY+12.1%
Research & development	152M YoY+0.0%	152M YoY+5.6%	144M YoY-4.0%	150M YoY-5.7%	159M YoY+4.6%
Selling, general & administrative	1.98B YoY+6.3%	1.86B YoY-1.2%	1.88B YoY+6.9%	1.76B YoY-9.5%	1.95B YoY+1.2%
Restructuring	130M YoY+83.1%	71.0M YoY+6.0%	67.0M YoY+11.7%	60.0M YoY+7.1%	56.0M YoY-27.3%
Amortization of intangibles	62.0M YoY+0.0%	62.0M YoY-7.5%	67.0M YoY-8.2%	73.0M YoY-16.1%	87.0M YoY-4.4%
Operating income	2.13B YoY+6.2%	2.01B YoY-8.1%	2.19B YoY+7.5%	2.03B YoY-3.6%	2.11B YoY+28.6%
Net interest income	—	—	-150M YoY-4.9%	-143M YoY-5.1%	-136M YoY-11.5%
Pre-tax income	1.93B YoY-5.1%	2.04B YoY+0.4%	2.03B YoY+7.6%	1.89B YoY-3.7%	1.96B YoY+29.8%
Income tax	479M YoY+57.0%	305M YoY-42.8%	533M YoY+2.7%	519M YoY-4.1%	541M YoY+18.9%
	1.38B YoY-15.9%	1.65B YoY+17.0%	1.41B YoY+12.2%	1.25B YoY+0.6%	1.25B YoY+37.5%
Net income to non-controlling interest	71.0M YoY-20.2%	89.0M YoY-3.3%	92.0M YoY-20.7%	116M YoY-33.3%	174M YoY+16.0%
Net income to common	1.38B YoY-15.9%	1.65B YoY+17.0%	1.41B YoY+12.2%	1.25B YoY+0.6%	1.25B YoY+37.5%
	$3.50 YoY-14.0%	$4.07 YoY+20.1%	$3.39 YoY+14.5%	$2.96 YoY+2.4%	$2.89 YoY+38.9%
EPS (basic)	$3.52 YoY-14.1%	$4.10 YoY+19.9%	$3.42 YoY+14.8%	$2.98 YoY+2.4%	$2.91 YoY+39.2%
Weighted-avg shares (basic)	393M YoY-2.2%	402M YoY-2.4%	411M YoY-2.0%	420M YoY-1.8%	428M YoY-1.3%
Weighted-avg shares (diluted)	395M YoY-2.3%	404M YoY-2.5%	415M YoY-2.0%	423M YoY-1.9%	431M YoY-0.7%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	6.50B YoY-15.2%	7.67B YoY+19.8%	6.40B YoY+4.2%	6.14B YoY-25.6%	8.26B YoY+27.2%
Cash & equivalents	1.10B YoY-52.3%	2.30B YoY+80.5%	1.27B YoY+7.1%	1.19B YoY-24.0%	1.56B YoY-12.2%
Accounts receivable	3.69B YoY+7.6%	3.43B YoY-3.1%	3.54B YoY+5.4%	3.36B YoY+3.9%	3.23B YoY+2.7%
Inventory	613M YoY+10.1%	557M YoY-9.0%	612M YoY-0.8%	617M YoY-0.8%	622M YoY-5.6%
Other current assets	405M YoY-40.4%	679M YoY+162.2%	259M YoY-18.0%	316M YoY-17.3%	382M YoY-11.0%
	10.7B YoY-5.9%	11.3B YoY+11.9%	10.1B YoY+3.0%	9.82B YoY-20.0%	12.3B YoY+14.6%
Property, plant & equipment	743M YoY+6.0%	701M YoY-3.6%	727M YoY+1.1%	719M YoY-7.1%	774M YoY+0.0%
Operating lease right-of-use	554M YoY+31.3%	422M YoY+1.4%	416M YoY-7.3%	449M YoY-14.6%	526M YoY-3.0%
Goodwill	1.70B YoY+9.5%	1.55B YoY-2.5%	1.59B YoY+1.3%	1.57B YoY-6.0%	1.67B YoY-6.0%
Intangible assets	343M YoY+10.3%	311M YoY-7.2%	335M YoY-9.2%	369M YoY-11.9%	419M YoY-13.4%
Deferred tax assets	407M YoY+34.8%	302M YoY-6.5%	323M YoY+13.3%	285M YoY-14.9%	335M YoY+0.3%
Other non-current assets	410M YoY+13.3%	362M YoY+10.4%	328M YoY+14.3%	287M YoY-3.4%	297M YoY-4.2%
	7.66B YoY-1.2%	7.75B YoY+19.6%	6.48B YoY-5.3%	6.84B YoY+9.5%	6.25B YoY-6.4%
Accounts payable	2.14B YoY+14.0%	1.88B YoY+0.1%	1.88B YoY+9.4%	1.72B YoY+10.3%	1.56B YoY+7.1%
Accrued liabilities	1.85B YoY-3.9%	1.92B YoY+2.6%	1.87B YoY+4.4%	1.79B YoY-10.0%	1.99B YoY+0.8%
Deferred revenue	2.61B YoY+0.5%	2.60B YoY-3.6%	2.70B YoY+1.3%	2.66B YoY-0.4%	2.67B YoY+5.2%
Short-term & current debt	841M YoY-35.3%	1.30B	0.00 YoY-100.0%	531M	0.00
Current lease liability	158M YoY+31.7%	120M YoY+2.6%	117M YoY-7.9%	127M YoY-29.8%	181M YoY+8.4%
	15.9B YoY-0.7%	16.0B YoY+8.1%	14.8B YoY+2.4%	14.5B YoY-5.1%	15.3B YoY+9.7%
Long-term debt	6.90B YoY-1.0%	6.97B YoY+1.6%	6.87B YoY+12.6%	6.10B YoY-15.9%	7.25B YoY+37.8%
Deferred revenue (non-current)	29.0M YoY-23.7%	38.0M YoY-20.8%	48.0M YoY-7.7%	52.0M YoY+0.0%	52.0M YoY+18.2%
Non-current lease liability	397M YoY+33.2%	298M YoY+2.1%	292M YoY-7.3%	315M YoY-6.3%	336M YoY-8.4%
Deferred tax liabilities	223M YoY+7.7%	207M YoY-15.5%	245M YoY-12.2%	279M YoY+4.5%	267M YoY-16.8%
Other non-current liabilities	329M YoY-14.1%	383M YoY-22.3%	493M YoY-11.3%	556M YoY-8.3%	606M YoY-4.4%
	-5.39B YoY-11.2%	-4.85B YoY+1.5%	-4.92B YoY-1.1%	-4.87B YoY-34.3%	-3.63B YoY+6.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	333M YoY+25.7%	265M YoY+24.4%	213M YoY+31.5%	162M YoY+36.1%	119M YoY+101.7%
Additional paid-in capital	32.0M YoY+0.0%	32.0M YoY+0.0%	32.0M YoY+0.0%	32.0M YoY+0.0%	32.0M YoY+0.0%
Retained earnings	-440M YoY+55.0%	-978M YoY+51.2%	-2.00B YoY+30.0%	-2.87B YoY-27.0%	-2.26B YoY+27.4%
Treasury stock	4.20B YoY+23.8%	3.39B YoY+42.3%	2.38B YoY+51.2%	1.57B YoY+117.2%	725M
Accumulated other comprehensive income	-1.09B YoY-45.9%	-745M YoY+0.7%	-750M YoY-26.7%	-592M YoY+22.4%	-763M YoY+6.4%
Non-controlling interest	46.0M YoY-27.0%	63.0M YoY-8.7%	69.0M YoY-2.8%	71.0M YoY-85.2%	481M YoY+3.0%
Total equity incl. non-controlling	-5.35B YoY-11.7%	-4.79B YoY+1.4%	-4.86B YoY-1.2%	-4.80B YoY-52.6%	-3.14B YoY+7.4%
Total liabilities & equity	10.7B YoY-5.9%	11.3B YoY+11.9%	10.1B YoY+3.0%	9.82B YoY-20.0%	12.3B YoY+14.6%
Common shares issued	439M YoY+0.2%	439M YoY+0.4%	437M YoY+0.3%	436M YoY+0.2%	435M YoY+0.3%
Common shares outstanding	439M YoY+0.0%	439M YoY+0.4%	437M YoY+0.3%	436M YoY+0.2%	435M YoY+0.3%
Shares outstanding (cover)	390M YoY-2.4%	399M YoY-2.4%	409M YoY-1.8%	417M YoY-1.9%	425M YoY-1.9%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.60B YoY+2.1%	1.56B YoY-3.9%	1.63B YoY+4.3%	1.56B YoY-10.9%	1.75B YoY+18.2%
Depreciation & amortization	175M YoY-3.3%	181M YoY-6.2%	193M YoY+1.0%	191M YoY-5.9%	203M YoY+6.3%
Share-based compensation	80.0M YoY+9.6%	73.0M YoY+14.1%	64.0M YoY-4.5%	67.0M YoY+3.1%	65.0M YoY+3.2%
Deferred income taxes	-104M YoY-235.5%	-31.0M YoY+49.2%	-61.0M YoY-281.3%	-16.0M YoY+82.6%	-92.0M YoY-80.4%
Change in inventory	25.0M YoY+196.2%	-26.0M YoY-73.3%	-15.0M YoY-123.1%	65.0M YoY+564.3%	-14.0M YoY-118.4%
Change in payables	181M YoY+217.5%	57.0M YoY-62.5%	152M YoY-44.1%	272M YoY+109.2%	130M YoY+550.0%
	-406M YoY-147.6%	-164M YoY+10.4%	-183M YoY-454.5%	-33.0M YoY+62.9%	-89.0M YoY+74.8%
Capital expenditure	152M YoY+20.6%	126M YoY-8.7%	138M YoY+20.0%	115M YoY-26.3%	156M YoY-14.8%
Acquisitions	109M YoY+25.3%	87.0M YoY+141.7%	36.0M YoY-21.7%	46.0M YoY-42.5%	80.0M YoY+50.9%
Other investing activities	1.00M YoY+133.3%	-3.00M YoY+62.5%	-8.00M YoY+11.1%	-9.00M YoY+73.5%	-34.0M YoY-1033.3%
	-2.42B YoY-683.5%	-309M YoY+77.1%	-1.35B YoY+63.0%	-3.65B YoY-6396.6%	58.0M YoY+106.9%
Long-term debt issued	500M YoY-66.6%	1.50B YoY+100.4%	747M	0.00 YoY-100.0%	2.03B YoY-67.8%
Long-term debt repaid	1.30B	0.00 YoY-100.0%	534M YoY+6.8%	500M	0.00 YoY-100.0%
Common stock repurchased	809M YoY-19.7%	1.01B YoY+25.9%	800M YoY-5.9%	850M YoY+17.2%	725M
Dividends paid	647M YoY+6.8%	606M YoY+12.4%	539M YoY+15.9%	465M YoY+18.3%	393M YoY+51.2%
Other financing activities	-16.0M YoY+33.3%	-24.0M YoY-20.0%	-20.0M YoY+33.3%	-30.0M YoY-57.9%	-19.0M YoY-111.1%
FX effect on cash	15.0M YoY+130.6%	-49.0M YoY-444.4%	-9.00M YoY+94.3%	-157M YoY-265.1%	-43.0M YoY-172.9%
Net change in cash	-1.22B YoY-216.8%	1.04B YoY+1124.7%	85.0M YoY+103.7%	-2.28B YoY-236.2%	1.68B YoY+390.1%
Interest paid	230M YoY+33.7%	172M YoY+30.3%	132M YoY-1.5%	134M YoY+3.9%	129M YoY+59.3%
Income taxes paid	471M YoY-19.6%	586M YoY+7.3%	546M YoY-2.8%	562M YoY+1.8%	552M YoY-1.6%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	34.0B YoY-8.0%	37.0B YoY+1.0%	36.6B YoY+12.2%	32.6B YoY-11.8%	37.0B YoY+26.4%
P/E	24.6× YoY+9.4%	22.5× YoY-15.8%	26.7× YoY+0.3%	26.6× YoY-10.4%	29.7× YoY-8.1%
P/S	2.4× YoY-9.1%	2.6× YoY-1.2%	2.6× YoY+10.2%	2.4× YoY-7.9%	2.6× YoY+12.8%
P/FCF	23.6× YoY-8.4%	25.7× YoY-4.7%	27.0× YoY+2.7%	26.3× YoY+13.4%	23.2× YoY+2.8%
Earnings yield	4.1% YoY-8.6%	4.4% YoY+18.7%	3.7% YoY-0.3%	3.8% YoY+11.6%	3.4% YoY+8.8%
FCF yield	4.2% YoY+9.2%	3.9% YoY+4.9%	3.7% YoY-2.6%	3.8% YoY-11.8%	4.3% YoY-2.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: OTIS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all OTIS filings on SEC EDGAR → Not investment advice.

OTIS▼ financial statements

About this data

financial statements