Otis Worldwide Corp (OTIS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,645,000 | 1,406,000 | 1,253,000 | 1,246,000 | 906,000 |
| Revenue | US$ in thousands | 14,261,000 | 14,059,000 | 13,542,000 | 14,162,000 | 12,634,000 |
| Net profit margin | 11.53% | 10.00% | 9.25% | 8.80% | 7.17% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,645,000K ÷ $14,261,000K
= 11.53%
The net profit margin of Otis Worldwide Corp has shown a positive trend over the years, reflecting the company's ability to convert revenue into profit efficiently. From 2020 to 2024, the net profit margin has steadily increased from 7.17% to 11.53%, indicating improving profitability. This upward trajectory suggests effective cost management, revenue growth, or a combination of both. A higher net profit margin implies that the company is generating more profit per dollar of revenue, which is a positive indicator of financial health and operational efficiency for Otis Worldwide Corp during the specified period.
Peer comparison
Dec 31, 2024