Discontinued — last reported Q3 '23
Business Segments · Operating profit margin
New Equipment — Operating profit margin
Otis Worldwide New Equipment — Operating profit margin decreased by 8.3% to 6.6% in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 4.3%, from 6.9% to 6.6%. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2023
How to read this metric
Higher margins indicate better pricing power, cost control, or operational efficiency.
Detailed definition
Calculated as the operating profit of the new equipment segment divided by its net sales, this metric measures the profi...
Peer comparison
Standard 'Segment Operating Margin' used across all industrial and capital goods companies.
Metric ID:
otis_segment_new_equipment_operating_profit_marginHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | 8.5% | 7.8% | 6.5% | 6.5% | 6.9% | 5.1% | 7.2% | 6.6% |
| QoQ Change | — | -8.2% | -16.7% | +0.0% | +6.2% | -26.1% | +41.2% | -8.3% |
| YoY Change | — | — | — | -23.5% | -11.5% | -21.5% | +10.8% | -4.3% |
Range5.1% – 8.5%
CAGR-13.5%
Avg YoY Growth-10.0%
Median YoY Growth-11.5%
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Frequently Asked Questions
- What is Otis Worldwide's new equipment — operating profit margin?
- Otis Worldwide (OTIS) reported new equipment — operating profit margin of 6.6% in Q3 2023.
- How has Otis Worldwide's new equipment — operating profit margin changed year-over-year?
- Otis Worldwide's new equipment — operating profit margin decreased by 4.3% year-over-year, from 6.9% to 6.6%.
- What does new equipment — operating profit margin mean?
- The percentage of revenue from new equipment sales that remains as profit after operating expenses.