Product — Cost of Sales
Otis Worldwide Product — Cost of Sales decreased by 11.5% to $958.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.8%, from $976.00M to $958.00M. Over 4 years (FY 2021 to FY 2025), Product — Cost of Sales shows a downward trend with a -5.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to sales indicates margin compression due to rising material costs or operational inefficiencies, while a decrease suggests improved manufacturing productivity or better supply chain management.
Detailed definition
This metric measures the direct costs associated with the manufacturing, delivery, and installation of new elevator and...
Peer comparison
Comparable to cost of goods sold for new equipment reported by other global elevator and industrial manufacturing companies.
otis_segment_product_cost_of_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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.42B | $1.38B | $1.31B | $1.19B | $1.29B | $1.21B | $1.26B | $1.10B | $1.33B | $1.20B | $1.22B | $1.07B | $1.17B | $1.09B | $1.14B | $976.00M | $1.07B | $1.06B | $1.08B | $958.00M |
| QoQ Change | — | -2.6% | -5.4% | -9.0% | +8.5% | -6.4% | +4.3% | -12.9% | +20.9% | -10.0% | +2.3% | -12.7% | +9.5% | -6.8% | +4.2% | -14.0% | +9.2% | -0.8% | +2.5% | -11.5% |
| YoY Change | — | — | — | — | -9.0% | -12.5% | -3.6% | -7.7% | +2.9% | -1.1% | -3.0% | -2.8% | -12.0% | -8.9% | -7.1% | -8.5% | -8.7% | -2.9% | -4.6% | -1.8% |
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Frequently Asked Questions
- What is Otis Worldwide's product — cost of sales?
- Otis Worldwide (OTIS) reported product — cost of sales of $958.00M 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 $976.00M to $958.00M.
- 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?
- The direct costs incurred to manufacture and install new elevator and escalator units.