Otis Worldwide Corp (OTIS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,950,000 | 1,939,000 | 1,957,000 | 1,959,000 | 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 | 14,217,000 | 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 |
| Pretax margin | 13.72% | 13.73% | 13.92% | 13.86% | 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, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,950,000K ÷ $14,217,000K
= 13.72%
The pretax margin of Otis Worldwide Corp has shown a positive trend over the analyzed period, starting at 10.74% on December 31, 2020, and increasing gradually to reach 13.72% by December 31, 2024. This indicates that the company has been able to effectively manage its operating expenses in relation to its total revenue, resulting in a higher proportion of pre-tax income.
There were some fluctuations in the pretax margin during the period, with minor decreases and increases. However, overall, the trend has been upward, demonstrating the company's ability to maintain and improve profitability levels. This consistent improvement in pretax margin reflects positively on Otis Worldwide Corp's efficiency and financial performance.
Investors and analysts may view this trend favorably as it suggests that the company has been successful in controlling costs and increasing profitability over time, potentially leading to higher earnings for shareholders. It also indicates effective management of the company's operations, which is a key factor in assessing its overall financial health and sustainability.
Peer comparison
Dec 31, 2024