Otis Worldwide
OTIS
$92.20
Share price
-0.88%
Change (1 day)
11.55%
Change (1 year)
Categories
Operating Margin for Otis Worldwide (OTIS)
Operating Margin as of April 2024 (TTM): 15.25%
According to Otis Worldwide's latest financial reports and stock price the company's current Operating Margin is 15.25%. At the end of 2022 the company had an Operating Margin of 13.80%.
Operating Margin history for Otis Worldwide from 2019 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 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% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Otis Worldwide OTIS | 15.25% | 0.00% | 🇺🇸 USA |
What is a company's Operating Margin
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.