According to Otis Worldwide's latest financial reports and stock price the company's current Operating Margin is 14.07%. At the end of 2023 the company had an Operating Margin of 14.29%.
Year | Operating Margin | Change |
---|---|---|
2023 | 14.29% | 3.61% |
2022 | 13.80% | 0.59% |
2021 | 13.72% | 15.79% |
2020 | 11.85% | -16.5% |
2019 | 14.19% | -3.21% |
2018 | 14.66% | -7.7% |
2017 | 15.88% |
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.