Otis Worldwide
Otis is the world's leading manufacturer and service provider of elevators, escalators, and moving walkways. The company provides a full lifecycle of vertical transportation solutions, from initial design and installation to ongoing maintenance, repair, and large-scale modernization. Its value proposition centers on global scale combined with local service delivery, leveraging a massive installed base and digital IoT technologies to ensure passenger safety and equipment reliability.
Financials
Based on Q1 2026 filing
Revenue
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New Equipment
primaryDesigns, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways. This segment focuses on early-stage engagement in the construction cycle for residential, commercial, and infrastructure projects.
Gen2, Gen3, Gen360, SkyRise, Escalators, Moving Walkways
Real estate developers, Building developers, General contractors, Government agencies
Service
primaryProvides ongoing maintenance, repair, and modernization services for both Otis-manufactured equipment and products from other manufacturers. This segment is the primary driver of operating profit through long-term maintenance contracts and digital monitoring solutions.
Otis ONE, OTISLINE, eView In-Car Display, Compass 360 Destination Management System, eCall Plus Smartphone App, Modernization upgrades
Building owners, Facility managers, Housing associations, Government agencies
Segment Financials
New Equipment — Cost of Sales
View metricNew Equipment — Net Sales
View metricNew Equipment — Goodwill
View metricService — Net Sales
View metricService — SG&A
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View metricBusiness Overview
Competitive Position
Otis is the largest service provider in the industry worldwide with a maintenance portfolio of approximately 2.5 million units and a leading market share in new equipment installations.
Geographies
Global, China, United States, Europe, Asia Pacific
Customer Segments
Commercial Real Estate, Residential Construction, Infrastructure, Public Sector
Upstream Dependencies
Raw material suppliers, Component manufacturers, Subcontractors, Software and IoT technology providers
Downstream Customers
Real estate developers, General contractors, Building owners, Facility management firms, Municipal transit authorities
Competitors & Partners
Partners
Tianjin Tai Kang Investment Co. Ltd.
Joint venture partner in Otis Elevator (China) Investment Company Limited
Xizi Elevator Group Co.
Former joint venture partner in Otis Electric
Subsidiaries
Otis Elevator (China) Investment Company Limited
Majority-owned joint venture for manufacturing and service in China
Otis Electric Elevator Company Limited
Wholly-owned subsidiary (formerly a joint venture) operating in China
Otis Worldwide FAQ
Common questions about Otis Worldwide
Otis is the world's leading manufacturer and service provider of elevators, escalators, and moving walkways. The company provides a full lifecycle of vertical transportation solutions, from initial design and installation to ongoing maintenance, repair, and large-scale modernization. Its value proposition centers on global scale combined with local service delivery, leveraging a massive installed base and digital IoT technologies to ensure passenger safety and equipment reliability.
Otis Worldwide (OTIS) has a market capitalization of $27.3B and trades on NYSE.
Otis Worldwide generated $14.6B in trailing twelve-month revenue with net income of $1.5B, representing a net margin of 10.1%, with free cash flow of $1.7B. These figures are based on the Q1 2026 filing.
Otis Worldwide's key competitors include Comfort Systems USA, Inc., Rockwell Automation, Inc., Motorola Solutions, Inc. New. These companies compete in similar markets and product categories.
Otis Worldwide has approximately 71,000 employees.