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Otis Worldwide logo

Otis Worldwide

OTIS

Otis is the world's leading manufacturer and service provider of elevators, escalators, and moving walkways.

Market cap
$27.65B-29.6%
Revenue$14.6B+3.3%
Net income$1.5B-3.5%
Free cash flow$1.7B+14.8%
EPS (diluted)$3.76-1.3%
Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 22, 2026
Revenue$3.6BBeat by $61.3MEPS$0.89Miss by $0.02

Next report

Jul 22, 2026 (In 1 week)
Revenue estimate$3.8B
EPS estimate$1.01

Financials

Q1 2026

Income statement

See full
Revenue$3.6B+6.4%
Operating income$539.0M+31.1%
Net income$340.0M+39.9%
EPS (diluted)$0.87+42.6%

Balance sheet

See full
Cash & equivalents$844.0M-56.2%
Total debt$7.5B+3.3%
Total equity-$5.7B-10.8%
Total assets$10.5B-5.7%

Cash flow

See full
Operating cash flow$413.0M+117%
CapEx$33.0M-2.9%
Free cash flow$380.0M+144%

Valuation & ratios

Valuation

See full
Market cap$28.18B-29.6%
Enterprise value$34.86B-26.2%
P/E19×-7.4×
P/S1.9×-0.9×

Profitability

See full
Operating margin15.4%+2.2pp
Net margin10.1%-0.7pp
FCF margin11.4%+1.1pp

Returns & leverage

See full
Current ratio0.8×-0.1×

Segments

By segment

See full
Service$2.4B+10.5%
New Equipment$1.1B-1.2%

By product

See full
Service sales$2.4B+10.5%

Competitors

By market cap

Comfort Systems USA logo
Comfort Systems USA$59.3B+217%
Otis Worldwide logo
Otis Worldwide$28.2B-28.5%
Chart Industries logo
Chart Industries$10.0B+32.6%
Oshkosh logo
Oshkosh$8.8B+12.2%
EquipmentShare.com, Inc. logo
EquipmentShare.com, Inc. $4.5B—
Limbach Holdings, Inc. logo
Limbach Holdings, Inc.$931.0M-45.1%
The Manitowoc Company logo
The Manitowoc Company$440.6M-2.6%
Columbus McKinnon Corporation logo
Columbus McKinnon Corporation$382.9M-18.1%

By revenue growth

Comfort Systems USA logo
Comfort Systems USA+32.6%
Columbus McKinnon Corporation logo
Columbus McKinnon Corporation+23.9%
Limbach Holdings, Inc. logo
Limbach Holdings, Inc.+22.5%
EquipmentShare.com, Inc. logo
EquipmentShare.com, Inc. +13.5%
The Manitowoc Company logo
The Manitowoc Company+5.1%
Otis Worldwide logo
Otis Worldwide+3.3%
Oshkosh logo
Oshkosh-0.7%
Chart Industries logo
Chart Industries-1.5%

By net margin

Otis Worldwide logo
Otis Worldwide10.11%-0.7pp
Comfort Systems USA logo
Comfort Systems USA10.06%+4.7pp
Oshkosh logo
Oshkosh5.54%-0.3pp
Limbach Holdings, Inc. logo
Limbach Holdings, Inc.5.09%-1.2pp
The Manitowoc Company logo
The Manitowoc Company0.331%-1.8pp
Chart Industries logo
Chart Industries-0.625%-6.7pp
EquipmentShare.com, Inc. logo
EquipmentShare.com, Inc. -1.29%-2.4pp
Columbus McKinnon Corporation logo
Columbus McKinnon Corporation-19.23%-18.7pp

Profile

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.

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.

GeographiesGlobal, China, United States, Europe, Asia Pacific
Customer segmentsCommercial Real Estate, Residential Construction, Infrastructure, Public Sector
Business modelManufacturing, Service and Maintenance, Subscription-based IoT, Direct Sales
SuppliersRaw material suppliers, Component manufacturers, Subcontractors, Software and IoT technology providers
CustomersReal estate developers, General contractors, Building owners, Facility management firms, Municipal transit authorities
CountryUnited States of America
Listed2020
Employees71.0K
CEOJudith F. Marks
SectorIndustrials
IndustryIndustrial - Machinery
Websiteotis.com
FilingsSEC EDGAR

Questions, answered.

What is Otis Worldwide's market cap?
Otis Worldwide (OTIS) has a market capitalization of $27.7B and trades on NYSE.
What is Otis Worldwide's revenue and profitability?
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.
Who are Otis Worldwide's competitors?
Otis Worldwide's key competitors include The Manitowoc Company, Inc., Oshkosh Corp., Limbach Holdings, Inc Common Stock, and others. These companies compete in similar markets and product categories.
Who does Otis Worldwide partner with?
Otis Worldwide's notable partners include Tianjin Tai Kang Investment Co. Ltd., Xizi Elevator Group Co..
What subsidiaries does Otis Worldwide have?
Otis Worldwide's subsidiaries include Otis Elevator (China) Investment Company Limited, Otis Electric Elevator Company Limited.
Where is Otis Worldwide headquartered?
Otis Worldwide is headquartered in United States of America and employs approximately 71,000 people. It has been publicly traded since 2020.