Otis Worldwide (WBO:OTIS) Pre-Tax Income : €1,896 Mil (TTM As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Otis Worldwide Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Otis Worldwide's pretax income for the three months ended in Mar. 2024 was €460 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was €1,896 Mil. Otis Worldwide's pretax margin was 14.55%.

During the past 7 years, Otis Worldwide's highest Pretax Margin was 15.88%. The lowest was 11.85%. And the median was 14.19%.

Otis Worldwide Pre-Tax Income Historical Data

The historical data trend for Otis Worldwide's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Otis Worldwide Pre-Tax Income Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

Get a 7-Day Free Trial

1,674.90

1,242.04

1,735.49

1,782.27

1,862.43

Otis Worldwide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pre-Tax Income	Get a 7-Day Free Trial															448.32	500.27	498.48	437.41	460.00

Competitive Comparison of Otis Worldwide's Pre-Tax Income

For the Specialty Industrial Machinery subindustry, Otis Worldwide's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Otis Worldwide's Pre-Tax Income Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Otis Worldwide's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Otis Worldwide's Pre-Tax Income falls into.

Otis Worldwide Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Otis Worldwide's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	2004.562	+	-4.585	+	-137.55	+	0	+	0
	=	1,862

Otis Worldwide's Pretax Income for the quarter that ended in Mar. 2024 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	500.48	+	0	+	-40.48	+	0	+	0
	=	460

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,896 Mil.

Otis Worldwide (WBO:OTIS) Pre-Tax Income Explanation

Otis Worldwide's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	460	/	3162.04
	=	14.55%

During the past 7 years, Otis Worldwide's highest Pretax Margin was 15.88%. The lowest was 11.85%. And the median was 14.19%.

Otis Worldwide Pre-Tax Income Related Terms

Thank you for viewing the detailed overview of Otis Worldwide's Pre-Tax Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Otis Worldwide (WBO:OTIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (WBO:OTIS) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany O1TI34:Brazil

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.