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Otis Worldwide OTIS Service — Net Sales

Other segment segments

New Equipment
$1.15B-1.2%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 service — net sales?
Otis Worldwide (OTIS) reported service — net sales of $2.42B in Q1 2026.
How has Otis Worldwide's service — net sales changed year-over-year?
Otis Worldwide's service — net sales increased by 10.5% year-over-year, from $2.19B to $2.42B.
What is the long-term trend for Otis Worldwide's service — net sales?
Over 4 years (2021 to 2025), Otis Worldwide's service — net sales has grown at a 4.7% compound annual growth rate (CAGR), from $7.87B to $9.44B.
What does service — net sales mean?
The total revenue generated by the Service segment from maintenance, repair, and modernization contracts, net of returns and allowances. This is the primary top-line metric for assessing the scale and demand for the company's recurring service business.