Otis Worldwide Corp (OTIS)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,406,000 | 1,380,000 | 1,328,000 | 1,273,000 | 1,253,000 | 1,237,000 | 1,244,000 | 1,249,000 | 1,246,000 | 1,216,000 | 1,151,000 | 1,049,000 | 906,000 |
| Revenue (ttm) | US$ in thousands | 14,059,000 | 13,883,000 | 13,708,000 | 13,478,000 | 13,542,000 | 13,664,000 | 13,942,000 | 14,163,000 | 14,162,000 | 14,130,000 | 13,772,000 | 13,086,000 | 12,676,000 |
| Net profit margin | 10.00% | 9.94% | 9.69% | 9.45% | 9.25% | 9.05% | 8.92% | 8.82% | 8.80% | 8.61% | 8.36% | 8.02% | 7.15% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,406,000K ÷ $14,059,000K
= 10.00%
The net profit margin of Otis Worldwide Corp has shown a steady increase over the past eight quarters, reflecting the company's ability to generate profit relative to its revenue. The net profit margin improved from 8.73% in Q1 2022 to 9.90% in Q4 2023. This positive trend indicates effective cost management and operational efficiency within the company. Overall, the increasing net profit margin suggests that Otis Worldwide Corp is successfully translating its sales into profits, which is a positive indicator of its financial performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Otis Worldwide Corp
OTIS
10.00%
Emerson Electric Company
EMR
69.69%
GE Aerospace
GE
13.95%