Discontinued — last reported Q4 '25
Modernization — Net Sales
Otis Worldwide Modernization — Net Sales remained flat by 0.0% to $464.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.5%, from $467.00M to $464.50M. Over 4 years (FY 2021 to FY 2025), Modernization — Net Sales shows an upward trend with a 7.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates strong demand for equipment upgrades and successful conversion of the aging installed base into modernization projects, while a decrease may signal market saturation or deferred capital expenditure by building owners.
Detailed definition
This metric represents the total revenue generated from upgrading, refurbishing, and replacing existing elevator and esc...
Peer comparison
Comparable to modernization or retrofit revenue streams in industrial equipment and building technology sectors, often benchmarked against total installed base size and average equipment age.
otis_segment_modernization_net_salesHistorical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $357.00M | $331.00M | $363.00M | $359.00M | $358.00M | $342.00M | $369.00M | $360.00M | $394.00M | $373.00M | $400.00M | $388.00M | $410.00M | $418.00M | $467.00M | $464.50M | $464.50M | $464.50M | $464.50M |
| QoQ Change | — | -7.3% | +9.7% | -1.1% | -0.3% | -4.5% | +7.9% | -2.4% | +9.4% | -5.3% | +7.2% | -3.0% | +5.7% | +2.0% | +11.7% | -0.5% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +0.3% | +3.3% | +1.7% | +0.3% | +10.1% | +9.1% | +8.4% | +7.8% | +4.1% | +12.1% | +16.8% | +19.7% | +13.3% | +11.1% | -0.5% |
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Frequently Asked Questions
- What is Otis Worldwide's modernization — net sales?
- Otis Worldwide (OTIS) reported modernization — net sales of $464.50M in Q4 2025.
- How has Otis Worldwide's modernization — net sales changed year-over-year?
- Otis Worldwide's modernization — net sales decreased by 0.5% year-over-year, from $467.00M to $464.50M.
- What is the long-term trend for Otis Worldwide's modernization — net sales?
- Over 4 years (2021 to 2025), Otis Worldwide's modernization — net sales has grown at a 7.4% compound annual growth rate (CAGR), from $1.40B to $1.86B.
- What does modernization — net sales mean?
- Total revenue earned from upgrading and modernizing existing elevator and escalator systems.