W. W. Grainger vs Otis Worldwide
Add, change or remove companies; up to four.
The short version
- W. W. Grainger is the larger business, with $17.9B of revenue in fiscal 2025 against $14.4B for Otis Worldwide.
- W. W. Grainger grew revenue faster (4.5%, against 1.2%).
- Otis Worldwide kept more of each dollar of sales as operating profit (14.8% operating margin, against 13.9%).
- Otis Worldwide turned more of its sales into free cash flow (10.0% FCF margin, against 7.4%).
- Otis Worldwide earned a higher return on the capital invested in it (116.6%, against 32.3%).
- Investors pay more for each dollar of W. W. Grainger’s earnings: a P/E of 34.4x against 19.3x for Otis Worldwide.
| Latest fiscal year | GWW · FY25 | OTIS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $63.7B | $28.8B |
| Revenue | $17.9B | $14.4B |
| Free cash flow | $1.3B | $1.4B |
| Net income | $1.7B | $1.4B |
| Growth | ||
| Revenue growth | 4.5% | 1.2% |
| 5-year growth | 8.8% | 2.5% |
| Share count change | −2.0% | −2.4% |
| Profitability | ||
| Gross margin | 39.1% | — |
| Operating margin | 13.9% | 14.8% |
| Net margin | 9.5% | 9.6% |
| FCF margin | 7.4% | 10.0% |
| Return on capital | 32.3% | 116.6% |
| Return on equity | 48.1% | — |
| Balance sheet | ||
| Net debt | $1.9B | $6.9B |
| Net debt / EBITDA | 0.7x | 3.0x |
| Dividends and buybacks | $1.5B | $1.5B |
| Valuation & quality | ||
| P/E | 34.4x | 19.3x |
| Piotroski F-score | 6 | 5 |
Revenue
FY16
GWW $10.1B
OTIS —
FY17
GWW $10.4B
OTIS —
FY18
GWW $11.2B
OTIS $12.9B
FY19
GWW $11.5B
OTIS $13.1B
FY20
GWW $11.8B
OTIS $12.8B
FY21
GWW $13.0B
OTIS $14.3B
FY22
GWW $15.2B
OTIS $13.7B
FY23
GWW $16.5B
OTIS $14.2B
FY24
GWW $17.2B
OTIS $14.3B
FY25
GWW $17.9B
OTIS $14.4B
GWW
OTIS
Operating margin
FY16
GWW 11.0%
OTIS —
FY17
GWW 9.9%
OTIS —
FY18
GWW 10.3%
OTIS 14.2%
FY19
GWW 11.0%
OTIS 13.8%
FY20
GWW 8.6%
OTIS 12.9%
FY21
GWW 11.9%
OTIS 14.7%
FY22
GWW 14.6%
OTIS 14.9%
FY23
GWW 15.6%
OTIS 15.4%
FY24
GWW 15.4%
OTIS 14.1%
FY25
GWW 13.9%
OTIS 14.8%
GWW
OTIS
Free cash flow
FY16
GWW $740M
OTIS —
FY17
GWW $820M
OTIS —
FY18
GWW $818M
OTIS $1.4B
FY19
GWW $821M
OTIS $1.3B
FY20
GWW $926M
OTIS $1.3B
FY21
GWW $682M
OTIS $1.6B
FY22
GWW $1.1B
OTIS $1.4B
FY23
GWW $1.6B
OTIS $1.5B
FY24
GWW $1.6B
OTIS $1.4B
FY25
GWW $1.3B
OTIS $1.4B
GWW
OTIS
Return on capital
FY16
GWW 18.0%
OTIS —
FY17
GWW 17.8%
OTIS —
FY18
GWW 23.1%
OTIS —
FY19
GWW 24.3%
OTIS —
FY20
GWW 20.8%
OTIS —
FY21
GWW 28.4%
OTIS 91.1%
FY22
GWW 37.0%
OTIS 88.2%
FY23
GWW 39.8%
OTIS —
FY24
GWW 38.6%
OTIS —
FY25
GWW 32.3%
OTIS 116.6%
GWW
OTIS
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.