Otis Worldwide Corp
OTIS · Electronic & Other Electrical Equipment (No Computer Equip) · 383.7M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $736M (gross $800M, SBC $64M)
Grade
A86World's #1 elevator/escalator franchise with a dominant, recurring high-margin service moat and top-decile returns.
Strengths
- ROA 12.99% (92.4th pct) and operating margin 14.8% (79.6th pct); net margin 71.9th pct
- ~2.5M-unit service portfolio (65% of sales, 91% of segment profit) — durable, recurring, high-switching-cost
- Global scale across 200+ countries, strong cash position (87th pct)
Risks
- Negative book equity (ROE artifact) from buybacks; weak current/quick ratios (21st/25.5th pct)
- China and international/FX exposure; new-equipment cyclicality
- Modest top-line growth profile
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Negative equityNegative book equity (debt/equity -1.48)
- Weak liquidityCurrent ratio 0.85 (<1)
- Strong balance sheetStrong balance sheet — $1.1B cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
14.8%
Net margin
9.6%
Return on equity
-25.7%
Return on assets
13.0%
ROIC
65.7%
Revenue growth (QoQ)
-6.1%
Net-income growth
-15.9%
Debt / equity
-1.5×
Net debt / EBITDA
3.0×
Current ratio
0.8×
EBITDA
$2.3B
Tangible book value
-$7.4B
Cash & investments
$1.1B
Stock comp / revenue
0.6%
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-29 | 2026-05-27 | 0001781335-26-000102 ↗ |
| 8-K | 2026-05-07 | 2026-05-04 | 0001140361-26-019547 ↗ |
| 10-Q | 2026-04-23 | 2026-03-31 | 0001781335-26-000075 ↗ |
| 8-K | 2026-04-22 | 2026-04-22 | 0001781335-26-000072 ↗ |
| 10-K | 2026-02-05 | 2025-12-31 | 0001781335-26-000011 ↗ |
| 8-K | 2026-01-28 | 2026-01-28 | 0001781335-26-000004 ↗ |
| 8-K | 2026-01-20 | 2026-01-13 | 0001140361-26-001569 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001781335-25-000049 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001781335-25-000046 ↗ |
| 8-K | 2025-09-04 | 2025-09-02 | 0001140361-25-033998 ↗ |
| 8-K | 2025-08-26 | 2025-08-24 | 0001140361-25-032723 ↗ |
| 8-K | 2025-08-08 | 2025-08-08 | 0001140361-25-029921 ↗ |