Otis Worldwide Corp (OTIS)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,008,000 | 1,999,000 | 2,207,000 | 2,217,000 | 2,186,000 | 2,155,000 | 2,113,000 | 2,020,000 | 2,033,000 | 2,038,000 | 2,051,000 | 2,125,000 | 2,108,000 | 2,052,000 | 1,964,000 | 1,819,000 | 1,639,000 |
| Revenue (ttm) | US$ in thousands | 14,217,000 | 14,121,000 | 14,057,000 | 14,139,000 | 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 |
| Operating profit margin | 14.12% | 14.16% | 15.70% | 15.68% | 15.55% | 15.52% | 15.41% | 14.99% | 15.01% | 14.92% | 14.71% | 15.00% | 14.88% | 14.52% | 14.26% | 13.90% | 12.93% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,008,000K ÷ $14,217,000K
= 14.12%
The operating profit margin of Otis Worldwide Corp has shown a generally increasing trend from December 31, 2020, to March 31, 2024, fluctuating within the range of 12.93% to 15.70%. There was a notable improvement in the operating profit margin over this period, indicating the company's ability to effectively manage its operating expenses relative to its revenue generation.
However, there was a slight decline in the operating profit margin in the most recent quarters ending September 30, 2024, and December 31, 2024, dropping to 14.16% and 14.12%, respectively. This decline could be attributed to various factors such as increased operating expenses, pricing pressure, or changes in revenue mix.
Overall, Otis Worldwide Corp has demonstrated a strong performance in maintaining a healthy level of operating profit margin, which is a key indicator of its operational efficiency and profitability. Continued monitoring of this metric will be essential to assess the company's ability to sustain and improve its profitability in the future.
Peer comparison
Dec 31, 2024