Current Assets
Contract Assets
Otis Worldwide Contract Assets increased by 7.4% to $751.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.8%, from $690.00M to $751.00M. Over 5 years (FY 2020 to FY 2025), Contract Assets shows an upward trend with a 8.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ4 2017
Last reportedQ1 2026
How to read this metric
A growing balance may indicate strong project progress, but excessive growth relative to revenue could signal potential billing or collection bottlenecks.
Detailed definition
Contract assets represent the company's right to consideration for work completed under a contract that has not yet been...
Peer comparison
Standard for firms using percentage-of-completion accounting; peers in construction often carry significant contract asset balances.
Metric ID:
contract_assetsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $492.00M | $536.00M | $550.00M | $538.00M | $608.00M | $641.00M | $664.00M | $710.00M | $735.00M | $733.00M | $717.00M | $716.00M | $750.00M | $776.00M | $706.00M | $690.00M | $769.00M | $803.00M | $699.00M | $751.00M |
| QoQ Change | — | +8.9% | +2.6% | -2.2% | +13.0% | +5.4% | +3.6% | +6.9% | +3.5% | -0.3% | -2.2% | -0.1% | +4.7% | +3.5% | -9.0% | -2.3% | +11.4% | +4.4% | -13.0% | +7.4% |
| YoY Change | — | — | — | — | +23.6% | +19.6% | +20.7% | +32.0% | +20.9% | +14.4% | +8.0% | +0.8% | +2.0% | +5.9% | -1.5% | -3.6% | +2.5% | +3.5% | -1.0% | +8.8% |
Range$492.00M – $803.00M
CAGR+9.3%
Avg YoY Growth+9.8%
Median YoY Growth+6.9%
Contract Assets at Other Companies
Frequently Asked Questions
- What is Otis Worldwide's contract assets?
- Otis Worldwide (OTIS) reported contract assets of $751.00M in Q1 2026.
- How has Otis Worldwide's contract assets changed year-over-year?
- Otis Worldwide's contract assets increased by 8.8% year-over-year, from $690.00M to $751.00M.
- What is the long-term trend for Otis Worldwide's contract assets?
- Over 5 years (2020 to 2025), Otis Worldwide's contract assets has grown at a 8.8% compound annual growth rate (CAGR), from $458.00M to $699.00M.
- What does contract assets mean?
- Revenue earned from projects that has not yet been invoiced to the customer.