OTIS WORLDWIDE CORPORATION

OTIS · Industrials · FY2025 filings · Narrow moat ·

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The five investor questions

65

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $14.3B to $14.4B, increasing; diluted EPS 2.89 to 3.50, increasing.

Not enough years of gross-margin data to score pricing power.

100

Median ROIC 191.3%, above the 12% hurdle in 100% of years.

34

Net debt/EBITDA 3.0x, interest coverage 10x.

49

Owner earnings changed +4.0%/yr over up to the ten most recent annual observations.

The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
$1.4B
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$71.93
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.

Score records captured Jul 26, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY

Missing a usable price or zero-growth estimate: ANF, BKNG.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 2% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

9 years of fundamentals

The business, in plain English

Across the filed record, revenue grew from $12.9B (FY2018) to $14.4B (FY2025) — about 1.6% a year compounded over 7 years.

It earned 109.3% on invested capital in the latest filed year, FY2025. Across the full 8-year measurable filed record, median ROIC was 191.3%. Over the v3 recent window (8 measurable filed years), median ROIC was 191.3%. The Returns on Capital filter above scores it 100/100.

The balance sheet carried $8.0B of total debt in FY2025 against $1.4B of owner earnings — roughly 5.7 years of owner earnings to retire it all. Balance-Sheet Safety scores it 34/100.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2017–FY2025 · 9 fiscal years, normalized from OTIS’s SEC filings

Sales, as filed$14.4B FY2025
$0$10B2017202020232025
Revenue kept after cost of goods

Not disclosed in OTIS’s filings for these years — we don’t estimate it.

Standard ROIC or separately labeled Operating ROICROIC 109.3% FY2025
0%200%400%2017202020232025
Cash an owner could take out$1.4B FY2025
$0$1B2017202020232025

Gaps in a line mean that item isn’t in OTIS’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How OTIS WORLDWIDE CORPORATION makes its money

OTIS WORLDWIDE CORPORATION's filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$14.4B100%
$2.1B15%
Income before tax$1.9B13%
Income tax$479M3%
$1.4B10%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What OTIS WORLDWIDE CORPORATION owns — and owes

OTIS WORLDWIDE CORPORATION's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$10.7B100%
Cash and equivalents$1.1B10%
$8.0B75%
Stockholders’ equity−$5.4B−51%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives OTIS WORLDWIDE CORPORATION’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−27%Tax burden72%net income ÷ pretax incomeInterest burden91%pretax ÷ operating incomeOperating margin15%operating income ÷ revenueAsset turnover1.31×revenue ÷ average assetsEquity multiplier-2.15×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$1.4BFY2025
Income before tax$1.9BFY2025
Operating income$2.1BFY2025
$14.4BFY2025
Ending assets$10.7BFY2025
Beginning assets$11.3BFY2024
−$5.4BFY2025
−$4.8BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where OTIS WORLDWIDE CORPORATION's cash went

OTIS WORLDWIDE CORPORATION’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$1.6B100%
Depreciation and amortization$175M11%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding OTIS WORLDWIDE CORPORATION

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

1 holding0 exited0 not holding1/19 resolved18 unavailable

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Markel / Markel-Gayner133,620 shares$9.6M · 0% of eligible reported 13FAdded to position · +19,000 shares (17%)
Abrams CapitalUnavailableComparison unavailableFiling unavailable
Akre CapitalUnavailableComparison unavailableFiling unavailable
Baupost GroupUnavailableComparison unavailableFiling unavailable
Berkshire HathawayUnavailableComparison unavailableFiling unavailable
Brave Warrior AdvisorsUnavailableComparison unavailableFiling unavailable
Dodge & CoxUnavailableComparison unavailableFiling unavailable
First EagleUnavailableComparison unavailableFiling unavailable
FundsmithUnavailableComparison unavailableFiling unavailable
Gardner Russo & QuinnUnavailableComparison unavailableFiling unavailable
Gates Foundation TrustUnavailableComparison unavailableFiling unavailable
Mairs & PowerUnavailableComparison unavailableFiling unavailable
Oakmark / Harris AssociatesUnavailableComparison unavailableFiling unavailable
Pershing SquareUnavailableComparison unavailableFiling unavailable
Polen CapitalUnavailableComparison unavailableFiling unavailable
Sequoia / Ruane CunniffUnavailableComparison unavailableFiling unavailable
Southeastern Asset ManagementUnavailableComparison unavailableFiling unavailable
Tweedy, BrowneUnavailableComparison unavailableFiling unavailable
Yacktman Asset ManagementUnavailableComparison unavailableFiling unavailable

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: · event Jun 30, 2026 · retrieved Jul 26, 2026

Flagship explainer

What OTIS WORLDWIDE CORPORATION insiders reported

Records still being gathered — partial as of retrieval Aug 19, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

16 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale62.1 / 100
0406080100WideNarrowShallowNo moatJul 20, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Aug 19, 2026.

Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (1 versus 0). The filing codes alone do not establish that every such row arose from a compensation plan.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

InsiderShares owned afterDateFiling detail
KEARNEY CHRISTOPHER JDirectorGrant, award, or other acquisition (A)Table II · Disposed · Deferred Stock Units290.899$72.19$21,00019,940.825Aug 3, 2026
1 filed lot
  • Table II · Deferred Stock Units: 290.899 shares at $72.19 · code A · owned after 19,940.825 ·

Source-event as of . Retrieved .

Track record

How OTIS WORLDWIDE CORPORATION’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 20202025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored OTIS on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score98153Indexed price · log scale (2021 = 100)2020202120222023202420252026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, OTIS did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Industrials context

#100 of 446 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #98GRBK Green Brick Partners, Inc.62.9 out of 100, Narrow moatNarrow moat
  2. #99TAYD Taylor Devices, Inc.62.7 out of 100, Narrow moatNarrow moat
  3. #101VMI VALMONT INDUSTRIES INC61.9 out of 100, Narrow moatNarrow moat
  4. #102JBHT J.B. HUNT TRANSPORT SERVICES, INC.61.8 out of 100, Narrow moatNarrow moat

Compare OTIS with its nearest peersAll Industrials companies on the Index →

Common questions about OTIS

Does OTIS WORLDWIDE CORPORATION have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores OTIS WORLDWIDE CORPORATION (OTIS) 62.1 out of 100 — a Narrow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 65, pricing power not measurable from the filings, returns on capital 100, balance-sheet safety 34, capital allocation 49.
How has OTIS's Moat Score changed over time?
The record logs 16 readings since Jul 17, 2026; the latest reads 62.1 out of 100 (narrow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.