Otis Worldwide Corp (OTIS)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,950,000 | 1,939,000 | 1,772,000 | 1,787,000 | 1,361,000 |
| Revenue | US$ in thousands | 14,261,000 | 14,059,000 | 13,542,000 | 14,162,000 | 12,634,000 |
| Pretax margin | 13.67% | 13.79% | 13.09% | 12.62% | 10.77% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,950,000K ÷ $14,261,000K
= 13.67%
Based on the provided data for Otis Worldwide Corp's pretax margin over the years, we observe a generally positive trend in the company's profitability before taxes.
- In December 31, 2020, the pretax margin was 10.77%.
- This margin improved to 12.62% by December 31, 2021, indicating a positive increase in the company's ability to generate profits before accounting for tax obligations.
- Over the following years, there was a continued upward trend in the pretax margin, reaching 13.09% in December 31, 2022, 13.79% in December 31, 2023, and 13.67% in December 31, 2024.
- This consistent improvement in pretax margin suggests that Otis Worldwide Corp has been effectively managing its costs and increasing its operating efficiency, leading to enhanced profitability levels.
Overall, the increasing pretax margin demonstrates the company's ability to generate higher profits relative to its revenue, reflecting positively on its operational performance and financial health.
Peer comparison
Dec 31, 2024