Otis Worldwide Corp Annual Operating Margin in % from 2018 to 2023

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
Otis Worldwide Corp quarterly/annual Operating Margin history and growth rate from 2018 to 2023.
  • Otis Worldwide Corp Operating Margin for the quarter ending September 30, 2024 was 14.1 %, a 8.4% decline year-over-year.
  • Otis Worldwide Corp annual Operating Margin for 2023 was 15.4 %, a 3.57% increase from 2022.
  • Otis Worldwide Corp annual Operating Margin for 2022 was 14.9 %, a 0.75% increase from 2021.
  • Otis Worldwide Corp annual Operating Margin for 2021 was 14.7 %, a 14.7% increase from 2020.
Operating Margin, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 15.4 +0.53 +3.57% Jan 1, 2023 Dec 31, 2023
2022 14.9 +0.11 +0.75% Jan 1, 2022 Dec 31, 2022
2021 14.7 +1.89 +14.7% Jan 1, 2021 Dec 31, 2021
2020 12.9 -0.98 -7.09% Jan 1, 2020 Dec 31, 2020
2019 13.8 -0.38 -2.67% Jan 1, 2019 Dec 31, 2019
2018 14.2 Jan 1, 2018 Dec 31, 2018
* An asterisk sign (*) next to the value indicates that the value is likely invalid.