Filing Flows › Otis Worldwide (OTIS) › Q1 2025
Otis Worldwide (OTIS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Otis Worldwide (OTIS) reported revenue of $3.4B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -9% from the quarter before. Operating margin was 12.3%, net earnings $243M (7.3% of revenue).
Otis Worldwide, Q1 2025: revenue $3.4B (-2% year over year), operating margin 12.3%, net earnings $243M, operating cash flow $190M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -9% | -3% |
| Operating profit | $411M | -23% | -24% |
| Net earnings | $243M | -28% | -31% |
| Operating cash flow | $190M | -72% | +11% |
| Free cash flow | $156M | -76% | +11% |
What changed
Revenue was $3.4B in Q1 2025, down 3% year over year and down 9% from the previous quarter. Service sales was the largest line at 65% of revenue. Product lost $0.12B year over year (down 9%), 134% of the total change.
Operating profit was $0.41B, a 12.3% margin (down 3.6 points year over year). Total costs grew 2% against a revenue fall of 3%. Net earnings were $0.24B, down 31% year over year. The effective tax rate was 30.1%.
Operating cash flow was $0.19B (up 11% year over year), 74% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.03B left free cash flow of $0.16B.
Questions
What was Otis Worldwide's revenue in the first quarter 2025?
Otis Worldwide (OTIS) reported revenue of $3.4B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -9% from the quarter before.
Was Otis Worldwide profitable in the first quarter 2025?
Operating profit was $411M (12.3% of revenue) and net earnings $243M.
Source: Otis Worldwide 10-Q on SEC EDGAR.