Income StatementBalance SheetCash FlowSegments
Otis Worldwide logo

Otis Worldwide Business Segments

Business, geographic, and product segment breakdowns

Otis Worldwide generates $14.6B in annual revenue across 2 key segments: New Equipment ($5.0B), and Service ($9.7B). The company-wide operating margin is 15.44%. Based on the Q1 2026 filing.

New Equipment (TTM)$5.0BService (TTM)$9.7B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$27.3B
P/E Ratio18.43
ROE-27.41%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Sales$2.3B$2.2B$2.3B$2.4B$2.5B$2.4B
Cost of Sales$1.5B$1.4B$1.4B$1.5B$1.6B$1.5B

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Fixed assets, net$314.0M———$350.0M—

Business Segments

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$1.5B$1.4B$1.4B$1.5B$1.6B$1.5B
New Equipment$1.1B$962.0M$1.1B$1.1B$1.1B$956.0M

Foreign Currency Translation and Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service-$74.0M$17.0M$69.0M-$5.0M—-$13.0M
New Equipment-$19.0M$5.0M$17.0M-$2.0M—-$3.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$1.3B$1.3B$1.4B$1.4B$1.4B$1.4B
New Equipment$277.0M$282.0M$299.0M$297.0M$294.0M$291.0M

Goodwill Resulting from Business Combinations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$11.0M$18.0M$33.0M-$1.0M$15.0M$3.0M
New Equipment$0.0$0.0$0.0$0.0$0.0$0.0

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$2.3B$2.2B$2.3B$2.4B$2.5B$2.4B
New Equipment$1.4B$1.2B$1.3B$1.3B$1.3B$1.1B

Operating profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$569.0M$537.0M$578.0M$621.0M$638.0M$556.0M
New Equipment$64.0M$66.0M$68.0M$59.0M$47.0M$38.0M

Other Income (Expense)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
New Equipment$27.0M$25.0M$28.0M$26.0M$28.0M$26.0M
Service$9.0M$5.0M$9.0M$10.0M$0.0$12.0M

Percentage of costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service70.0%70.0%70.0%70.0%70.0%70.0%
New Equipment30.0%30.0%30.0%30.0%30.0%30.0%

Remaining percentage of costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service10.0%40.0%40.0%40.0%50.0%70.0%
New Equipment90.0%60.0%60.0%60.0%50.0%30.0%

SG&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$277.0M$282.0M$292.0M$308.0M$302.0M$324.0M
New Equipment$140.0M$110.0M$119.0M$119.0M$137.0M$129.0M