Otis Worldwide Corp (OTIS)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,008,000 | 2,186,000 | 2,033,000 | 2,108,000 | 1,639,000 |
| Revenue | US$ in thousands | 14,261,000 | 14,059,000 | 13,542,000 | 14,162,000 | 12,634,000 |
| Operating profit margin | 14.08% | 15.55% | 15.01% | 14.88% | 12.97% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,008,000K ÷ $14,261,000K
= 14.08%
Otis Worldwide Corp's operating profit margin has shown a positive trend over the period from December 31, 2020, to December 31, 2024. The margin increased from 12.97% in 2020 to reach 15.55% by the end of 2023 before experiencing a slight decline to 14.08% in 2024. This indicates the company's ability to efficiently generate profit from its operations relative to its revenue. Overall, the company has demonstrated a generally healthy operating profit margin performance with a notable improvement over the analyzed period. It is important for Otis Worldwide Corp to continue monitoring and managing its operating expenses effectively to sustain and potentially enhance its profitability in the future.
Peer comparison
Dec 31, 2024