Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied
Otis Worldwide Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied increased by 3.7% to $19.80B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.5%, from $18.60B to $19.80B. Over 5 years (FY 2020 to FY 2025), Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied shows an upward trend with a 2.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
A growing backlog indicates strong future demand and revenue visibility, while a shrinking backlog may signal a slowdown in new contract wins.
Detailed definition
This represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsat...
Peer comparison
Highly relevant for companies with long-term government or industrial contracts; a key indicator of competitive market position.
other_revenue_remaining_performance_obligationHistorical Data
| 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 | $17.50B | $17.30B | $17.10B | $17.50B | $17.70B | $16.60B | $17.20B | $17.90B | $18.30B | $17.80B | $18.00B | $18.30B | $18.20B | $18.60B | $17.60B | $18.60B | $19.30B | $19.00B | $19.10B | $19.80B |
| QoQ Change | — | -1.1% | -1.2% | +2.3% | +1.1% | -6.2% | +3.6% | +4.1% | +2.2% | -2.7% | +1.1% | +1.7% | -0.5% | +2.2% | -5.4% | +5.7% | +3.8% | -1.6% | +0.5% | +3.7% |
| YoY Change | — | — | — | — | +1.1% | -4.0% | +0.6% | +2.3% | +3.4% | +7.2% | +4.7% | +2.2% | -0.5% | +4.5% | -2.2% | +1.6% | +6.0% | +2.2% | +8.5% | +6.5% |
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied at Other Companies
Frequently Asked Questions
- What is Otis Worldwide's remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied?
- Otis Worldwide (OTIS) reported remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied of $19.80B in Q1 2026.
- How has Otis Worldwide's remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied changed year-over-year?
- Otis Worldwide's remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied increased by 6.5% year-over-year, from $18.60B to $19.80B.
- What is the long-term trend for Otis Worldwide's remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied?
- Over 5 years (2020 to 2025), Otis Worldwide's remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied has grown at a 2.1% compound annual growth rate (CAGR), from $17.20B to $19.10B.
- What does remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied mean?
- The total value of signed contracts that the company has yet to fulfill or deliver.