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Otis Worldwide Corporation  (OTIS)
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Otis Worldwide's Gross Profit Margin by quarter

Trends, Rankings, Statistics



OTIS Gross Profit Margin (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Revenue Change 5.26 % 5.35 % 6.65 % -1.99 % -3.64 %
Seq. Revenue Change 2.75 % -5.3 % 11.18 % -2.7 % 2.84 %
Revenue In Millions $3,620.00 $3,523.00 $3,720.00 $3,346.00 $3,439.00
Gross Profit Margin 66.24 % 66.08 % 64.3 % 67.18 % 63.36 %
Gross Profit Margin Total Ranking # 1233 # 1866 # 2033 # 1928 # 2380
Gross Profit In Millions $2,398.00 $2,328.00 $2,392.00 $2,248.00 $2,179.00
Y / Y Gross Profit Change 10.05 % 8.99 % 8.88 % 1.08 % -3.67 %
Seq. Gross Profit Change 3.01 % -2.68 % 6.41 % 3.17 % 2.01 %


Commenting fourth Quarter 2023 Gross Profit Margin
Otis Worldwide Corporation Gross Profit grew by 3.01 % in IV. Quarter sequentially to 2,398 millions, while Revenue increased by 2.75 %, this led to improvement in the company's Gross Profit Margin to 66.24 %, above the Otis Worldwide Corporation average Gross Profit Margin.

Observing fourth quarter 2023 results within Electric & Wiring Equipment industry only one other company has achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 1233, from total ranking in previous quarter at 1866.
Learn about Gross Margin
OTIS's Gross Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Electric & Wiring Equipment Industry # 2
Consumer Discretionary Sector # 10
Overall # 1232

Gross Profit Margin Statistics
High Average Low
69.18 % 64.53 % 61.69 %
(Mar 31 2020)   (Jun 30 2021)




Other Gross Profit Margin Profitability Ratios
OTIS's Cumulative Gross Profit Margin
Electric & Wiring Equipment Industry Gross Profit Margin Trends and Statistics
Consumer Discretionary Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
OTIS's Gross Profit Margin Profitability versus Electric & Wiring Equipment Industry, Consumer Discretionary Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for OTIS's Competitors
Gross Profit Margin Profit Margin for Otis Worldwide's Suppliers
Gross Profit Margin Profit Margin for OTIS's Customers

You may also want to know
OTIS's Annual Growth Rates OTIS's Profitability Ratios OTIS's Asset Turnover Ratio OTIS's Dividend Growth
OTIS's Roe OTIS's Valuation Ratios OTIS's Financial Strength Ratios OTIS's Gross Profit Growth
OTIS's Roa OTIS's Inventory Turnover Ratio OTIS's Growth Rates OTIS's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Dec 31 2023, within Electric & Wiring Equipment Industry Gross Profit MarginDec 31 2023 MRQ Gross ProfitDec 31 2023 MRQ Revenue
Otis Worldwide Corporation  66.24 %$ 2,398.000 $ 3,620.000 
Emerson Electric Co   46.13 %$ 1,885.000 $ 4,086.000 
Acuity Brands Inc   45.85 %$ 428.400 $ 934.400 
Bel Fuse Inc  36.69 %$ 51.183 $ 139.503 
Lsi Industries Inc   29.06 %$ 31.536 $ 108.536 
Wesco International Inc   21.39 %$ 1,170.800 $ 5,473.400 
Graybar Electric Company Inc   20.08 %$ 547.100 $ 2,725.200 




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