Short answer
Otis Worldwide (OTIS) filed its fiscal 2025 10-K annual report with the SEC on Feb 5, 2026. It reported revenue of $14.4B (+1.2% year over year) and net income of $1.4B.
- Top risk flagged: Pension liability sensitivity to 25bps discount rate change impacts obligations by $22M decrease or $24M increase as of December 31, 2025
FY2025 key financial metrics · XBRL
- Revenue
- $14.4B
- +1.2% YoY
- Net income
- $1.4B
- −15.9% YoY
- Operating margin
- 14.8%
- +0.7 pp YoY
- EPS (diluted)
- $3.50
- −14.0% YoY
- ROE
- -25.7%
- +8.3 pp YoY
- Operating cash flow
- $1.6B
- +2.1% YoY
Source: XBRL data from the Otis Worldwide (OTIS) FY2025 10-K on SEC EDGAR. USD.
Otis Worldwide FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Design, manufacture, and service of elevators and escalators, emphasizing service and maintenance segments
- Emphasis on service segment with 5% organic sales growth in 2025 offset by 7% decline in new equipment sales
- Strategic transformation via UpLift program targeting centralized service delivery and digital tech procurement standardization
- UpLift restructuring costs increased to $76M in 2025 from $31M in 2024 with expected annual savings of $103M by end of 2025
- Gross margin improved to 30.3% in 2025 from 29.9% in 2024, driven by higher service sales and productivity gains despite inflationary pressures
Management Discussion & Analysis
- New Equipment and Service segments described without financial metrics
- No management outlook, guidance, or emerging risks mentioned
Risk Factors
- Pension liability sensitivity to 25bps discount rate change impacts obligations by $22M decrease or $24M increase as of December 31, 2025
- Pension expense changes by approx $2M with 25bps shift in expected long-term asset return for 2025
- Discount rates used for pension liabilities 3.6% in 2025, up from 3.3% in 2024, reflecting market interest rate changes
Generated from the filing text; verify against the original. How to read a 10-K
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