Otis Worldwide Corporation (OTIS) Stock

About Otis Worldwide Corporation

Otis Worldwide Corporation is a global leader specializing in the manufacturing, installation, and servicing of elevators and escalators, with significant operations in the United States, China, and numerous other international markets. The company's business is organized into two primary divisions: New Equipment and Service. Its New Equipment segment is responsible for the design, fabrication, sale, and fitting of a diverse array of passenger and freight elevators, escalators, and moving walkways, catering to residential and commercial properties, as well as large-scale infrastructure endeavors. Conversely, the Service segment offers extensive maintenance, repair, and modernization services aimed at upgrading existing elevator and escalator systems. Otis maintains a substantial global service footprint, employing approximately 34,000 service technicians across roughly 1,400 branches and offices. The company, established in 1853, is headquartered in Farmington, Connecticut.

Otis Worldwide Corporation is led by CEO Judith F. Marks, employs 72,000 people, headquartered in Farmington, US, publicly traded since 2020.

Otis Worldwide Corporation (OTIS) stock trades at $73.48 with a market capitalization of $27.97B. The stock is valued at a price-to-earnings (P/E) ratio of 18.40, price-to-book of -4.82, price-to-sales of 1.84. Over the past 52 weeks the stock has ranged between $69.16 and $94.56, and currently trades 22.3% below its 52-week high. It pays a dividend yielding 2.45%.

On profitability, Otis Worldwide Corporation generates a return on equity (ROE) of -27.26%, return on capital employed of 78.10%, an operating margin of 14.78%, a net profit margin of 10.17%.

In its most recent fiscal year, Otis Worldwide Corporation reported annual revenue of $14.4B, net profit of $1.4B, revenue has compounded at 2.5% a year over the last five years, profit at 8.8% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of -1.54 — a conservative balance sheet with little leverage risk, a current ratio of 0.85, total assets of $10.7B, $1.1B in cash and equivalents.

OTIS has an average daily trading volume of 3,908,932 shares, a beta of 0.89.

Official website: www.otis.com