Otis Worldwide Corp
OTIS - Insider Information
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+ FollowMarket Cap$28.84B
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Earnings Call Q3 2026
October 28, 2026 - AI Summary
Solid Q3 performance; service strength + modernization flywheel
- Net sales: $3.9B, organic +6% (best organic growth in 13 quarters), driven by Service +7% and New Equipment +3%.
- Service operating margin: 24.2%, +100 bps sequentially (but down 130 bps YoY due to mix/other items).
- Maintenance & repair: organic +4% with repair sales +9%; repair strength attributed to proactive approach improving uptime/customer satisfaction and micro-pricing flow-through.
- Modernization: organic sales +20%; orders +10%; backlog +20% at constant currency → indicates strong multiyear runway.
Orders/backlog momentum is healthy; China remains weak in new equipment but strong in modernization
- Combined new equipment + modernization orders: +4%; backlog +7%; ex-China backlog +10% (constant currency).
- New equipment orders: +1%; ex-China +5%. Strength: Americas low teens orders growth (North America 9th consecutive quarter of order growth).
- China new equipment: orders down low teens (sequential improvement; revenue still weak), but modernization orders >20% and modernization backlog +20% at constant currency.
- Surprise/positive: Q3 showed first positive new equipment organic sales since 2023 (Americas driving much of it), despite ongoing China new equipment pressure.
Q4 and full-year guidance reiterated; profitability expected to stabilize sequentially
- Service margin outlook: expected relatively stable Q4 vs Q3 (in line), assuming productivity and churn stay near current levels.
- Key Q3/Q4 swing factors mentioned: modernization mix (helps volumes but can be a headwind on ROCE) and churn, plus SG&A and one-time incentive adjustments (not quantified).
- Full-year outlook unchanged:
- Net sales: $15.1B–$15.3B (low- to mid-single-digit organic growth).
- Organic service: mid to high single digits.
- Organic new equipment: down low single digits to flat.
- Adjusted operating profit: down $30M to flat (actual FX); down $45M to down $15M (constant FX).
- Adjusted EPS: $4.10–$4.05.
- Adjusted free cash flow: ~$1.5B for the year.
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Share Statistics
| Market cap | $28.84 Billion |
|---|---|
| Enterprise Value | $40.32 Billion |
| Annual dividend | $1.72 |
| Dividend yield | 2.27% |
| Earnings per Share | $3.53 |
| Beta | 0.86 |
| Outstanding Shares | 381,000,000 |
Return
| Return on Equity | -27.07% |
|---|---|
| Return on Assets | 13.95% |
| Return on Invested Capital | 79.22% |
Valuation & Multiples
| P/E Ratio | 18.75 |
|---|---|
| PEG | 175.31 |
| Price to Sales | 2.05 |
| Price to Book Ratio | -5.32 |
| Enterprise Value to Revenue | 2.66 |
| Enterprise Value to EBIT | 17.36 |
| Enterprise Value to Net Income | 25 |
| Total Debt to Enterprise | 0.3 |
| Debt to Equity | -2.14 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS Estimate
$1.07
Consensus analyst estimateRevenue Estimate
$3.84 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 27, 2027
EPS Estimate
$1.10
Consensus analyst estimateRevenue Estimate
$3.98 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 152.92% |
|---|---|
| Total Calls | 200▼ 99.94% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.60%▼ 87.94% |
|---|---|
| Total Invested | $1.14B▼ 95.57% |
| Investors Holding | 423▼ 830.00% |
About Otis Worldwide Corp
72,000 employees
CEO: Judith F. Marks
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equip...