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Otis Worldwide OTIS Product — Cost of Sales

Other product segments

Service sales
$1.53B+11.1%

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Other financials

Income statement

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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

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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

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

Valuation

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Market cap$28.08B-27.0%
Enterprise value$34.76B-24.0%
P/E19×-6.4×
P/S1.9×-0.8×

Profitability

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

Returns & leverage

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Return on equity60.1%
Debt / equity0.3×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by Otis Worldwide in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Otis Worldwide’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Otis Worldwide's product — cost of sales?
Otis Worldwide (OTIS) reported product — cost of sales of $958M in Q1 2026.
How has Otis Worldwide's product — cost of sales changed year-over-year?
Otis Worldwide's product — cost of sales decreased by 1.8% year-over-year, from $976M to $958M.
What is the long-term trend for Otis Worldwide's product — cost of sales?
Over 4 years (2021 to 2025), Otis Worldwide's product — cost of sales has grown at a -5.7% compound annual growth rate (CAGR), from $5.29B to $4.18B.
What does product — cost of sales mean?
This metric measures the direct costs associated with the manufacturing, delivery, and installation of new elevator and escalator units. It includes raw materials, labor, and logistics expenses incurred to fulfill new equipment contracts. Monitoring this cost relative to net sales is essential for evaluating the manufacturing efficiency and project execution profitability of the new equipment segment.