Otis Worldwide (WBO:OTIS) Net Margin % : 8.92% (As of Dec. 2023)

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

What is Otis Worldwide Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Otis Worldwide's Net Income for the three months ended in Dec. 2023 was €296 Mil. Otis Worldwide's Revenue for the three months ended in Dec. 2023 was €3,320 Mil. Therefore, Otis Worldwide's net margin for the quarter that ended in Dec. 2023 was 8.92%.

The historical rank and industry rank for Otis Worldwide's Net Margin % or its related term are showing as below:

WBO:OTIS' s Net Margin % Range Over the Past 10 Years
Min: 5.16 Med: 8.51 Max: 9.9
Current: 9.9

WBO:OTIS's Net Margin % is ranked better than
72.75% of 2973 companies
in the Industrial Products industry
Industry Median: 5.21 vs WBO:OTIS: 9.90

Otis Worldwide Net Margin % Historical Data

The historical data trend for Otis Worldwide's Net Margin % 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 Net Margin % Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

Get a 7-Day Free Trial

8.51

7.10

8.71

9.16

9.90

Otis Worldwide Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															8.64	9.89	10.11	10.67	8.92

Competitive Comparison of Otis Worldwide's Net Margin %

For the Specialty Industrial Machinery subindustry, Otis Worldwide's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Otis Worldwide's Net Margin % distribution charts can be found below:

* The bar in red indicates where Otis Worldwide's Net Margin % falls into.

Otis Worldwide Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

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

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1289.302	/	13029.653
	=	9.90 %

Otis Worldwide's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	296.191	/	3319.54
	=	8.92 %

Otis Worldwide (WBO:OTIS) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Otis Worldwide Net Margin % Related Terms

Thank you for viewing the detailed overview of Otis Worldwide's Net Margin % 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 » Net Margin %

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.