Otis Worldwide Corp (OTIS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,939,000 | 1,917,000 | 1,871,000 | 1,784,000 | 1,772,000 | 1,756,000 | 1,748,000 | 1,803,000 | 1,787,000 | 1,738,000 | 1,648,000 | 1,502,000 | 1,361,000 |
| 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 |
| Pretax margin | 13.79% | 13.81% | 13.65% | 13.24% | 13.09% | 12.85% | 12.54% | 12.73% | 12.62% | 12.30% | 11.97% | 11.48% | 10.74% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,939,000K ÷ $14,059,000K
= 13.79%
The pretax margin of Otis Worldwide Corp has shown a relatively stable performance over the last eight quarters, ranging from 13.44% to 14.32%. The company's ability to maintain pretax margins above 13% indicates efficient cost management and profitability in generating earnings before tax. The slight fluctuations in the pretax margin suggest that Otis is successfully managing its operating expenses and generating consistent levels of operating income relative to its revenue. This stability in pretax margin implies that the company has a consistent ability to generate profits before accounting for taxes, which is a positive indicator of its financial health and operational efficiency.
Peer comparison
Dec 31, 2023