OTIS
Otis Worldwide Corporation
OTIS's fundamentals are strong and it looks cheap: trading at 19x earnings, below its usual 27x. Analysts expect earnings growth.
OTIS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
OTIS's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
OTIS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 18x | $77.14 | — |
| Current | 19x | $77.14 | — |
| Cheap | 23x | $94.13 | +22% |
| Fair | 27x | $107 | +39% |
| Expensive | 30x | $122 | +58% |
Historical ranges are pointers, not guarantees.
OTIS's PE is in its cheap range at 19x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
OTIS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect OTIS's earnings to grow and its profitability to improve, with its revenue holding steady.
OTIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.37 | +8.7% |
| Q3 2026 | $4.02 | +18% |
| Q2 2026 | $3.89 | +2.6% |
| Q1 2026 | $3.76 | -1.6% |
| Q4 2025 | $3.50 | -14% |
| Q3 2025 | $3.40 | -15% |
| Q2 2025 | $3.79 | +5.9% |
| Q1 2025 | $3.82 | +10% |
| Q4 2024 | $4.07 | +20% |
OTIS earned $4.02 per share over the past year, up 18% from the year before.
OTIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.9B | +6.1% |
| Q2 2026 | $3.9B | +7.3% |
| Q1 2026 | $3.6B | +6.4% |
| Q4 2025 | $3.8B | +3.3% |
| Q3 2025 | $3.7B | +4% |
| Q2 2025 | $3.6B | -0.2% |
| Q1 2025 | $3.4B | -2.5% |
| Q4 2024 | $3.7B | +1.5% |
OTIS's revenue has grown year over year for five quarters in a row: $3.9B last quarter, up 6.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | 0 points |
| Q2 2026 | 15% | -0.3 points |
| Q1 2026 | 15% | +2.8 points |
| Q4 2025 | 16% | +1.1 points |
| Q3 2025 | 16% | +5.7 points |
| Q2 2025 | 15% | -0.6 points |
| Q1 2025 | 12% | -3.6 points |
| Q4 2024 | 14% | 0 points |
OTIS's operating margin was 16% last quarter, about level with the same quarter a year ago.
OTIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $298M | -12% |
| Q2 2026 | $223M | +25% |
| Q1 2026 | $380M | +144% |
| Q4 2025 | $772M | +19% |
| Q3 2025 | $337M | -6.9% |
| Q2 2025 | $179M | -37% |
| Q1 2025 | $156M | +11% |
| Q4 2024 | $651M | +17% |
OTIS's free cash flow has been positive every quarter for seven years: $1.7B over the past year, up 26% from the year before.
OTIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -1.6M shares |
| 1 year | -2.8% | -10.9M shares |
| 3 years | -7.7% | -31.8M shares |
| 5 years | -11% | -48.7M shares |
| Available history | -12% | -51.2M shares |
OTIS has 382M diluted shares, down 2.8% from a year ago, with $807M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $407M |
| Q1 2026 | $400M |
| Q4 2025 | — |
| Q3 2025 | $248M |
| Q2 2025 | $308M |
| Q1 2025 | $253M |
| Q4 2024 | $207M |
OTIS spent $807M buying back its own shares over the past year, down 21% from the year before.
OTIS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Moderate |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 2.8x | Moderate |
OTIS's net debt is about 3.0 years of its operating earnings (EBITDA), down from 3.2 years a year ago.
OTIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.8 | Neutral |
| Stochastic | 86.8 | Overbought |
OTIS's weekly RSI is 57 (neutral) and its Stochastic is 87 (overbought).
OTIS PE vs Industrials Sector
| Metric | OTIS | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 20% below |
| PE % | 6 | 56 | 50 pts below |
OTIS is trading at 19x earnings, a 20% discount to the Industrials sector's median of 24x.
OTIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $71.8 | 7.5% above |
| 20 week MA | $71.8 | 7.4% above |
| 50 week MA | $77.9 | 1% below |
| 100 week MA | $86.0 | 10% below |
| 200 week MA | $88.1 | 12% below |
OTIS has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 12% below its 200-week average.
OTIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.0 | $65.8 | +46% |
| 2021 | $65.8 | $85.3 | +30% |
| 2022 | $85.3 | $78.4 | -8.1% |
| 2023 | $78.4 | $89.5 | +14% |
| 2024 | $89.5 | $93.5 | +4.5% |
| 2025 | $93.5 | $87.6 | -6.3% |
| 2026 YTD | $87.6 | $77.1 | -12% |
OTIS has finished higher in four of the last six years. It's down 12% so far in 2026.