The historical rank and industry rank for Otis Worldwide's Pretax Margin % or its related term are showing as below:
OTIS'
s Pretax Margin % Range Over the Past 10 Years
Min: 11.85 Med: 14.19 Max: 15.88
Current: 14.34
OTIS's Pretax Margin % is ranked better than 78.96% of 2971
companies
in the Industrial Products industry
Industry Median: 6.51
vs OTIS: 14.34
Otis Worldwide Pretax Margin % Historical Data
The historical data trend for Otis Worldwide's Pretax 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.
Competitive Comparison of Otis Worldwide's Pretax Margin %
For the Specialty Industrial Machinery subindustry, Otis Worldwide's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Otis Worldwide's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Otis Worldwide's Pretax Margin % falls into.
Otis Worldwide Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Otis Worldwide's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Otis Worldwide Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Otis Worldwide's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Otis Worldwide (Otis Worldwide) Business Description
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.
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