What is Otis Worldwide's R&D?

Otis Worldwide (OTIS) reported R&D of $39M in Q2 2026.

How has Otis Worldwide's R&D changed year-over-year?

Otis Worldwide's R&D increased by 2.6% year-over-year, from $38M to $39M.

What is the long-term trend for Otis Worldwide's R&D?

Over 4 years (2021 to 2025), Otis Worldwide's R&D has grown at a -1.1% compound annual growth rate (CAGR), from $159M to $152M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Otis Worldwide OTIS R&D

R&D at other companies

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$33M+17.1%

Columbus McKinnon CorporationCMCO

$7.37M+17.4%

FortiveFTV

$67.5M-38.2%

TerexTEX

$9.75M+56.0%

VontierVNT

$41.4M+3.0%

Odysight.aiODYS

$2.56M+2.8%

Other financials

Income statement

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Revenue$3.9B+7.3%

Operating income$575.0M+5.1%

Net income$428.0M+8.9%

EPS (diluted)$1.12+13.1%

Balance sheet

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Cash & equivalents$849.0M+20.8%

Total debt$7.7B-3.9%

Total equity-$5.7B-7.1%

Total assets$11.2B+6.3%

Cash flow

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Operating cash flow$267.0M+24.2%

CapEx$44.0M+22.2%

Free cash flow$223.0M+24.6%

Valuation

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Market cap$28.02B-17.7%

Enterprise value$34.84B-15.7%

P/E18.5×-4.0×

P/S1.9×-0.5×

Profitability

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Operating margin15.4%+2.3pp

Net margin10.2%-0.5pp

FCF margin11.5%+2.0pp

Returns & leverage

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Return on equity60.1%—

Debt / equity0.3×—

Current ratio0.8×0.0×

Where this comes from

Reported directly by Otis Worldwide in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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

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Questions, answered.

What is Otis Worldwide's R&D?: Otis Worldwide (OTIS) reported R&D of $39M in Q2 2026.
How has Otis Worldwide's R&D changed year-over-year?: Otis Worldwide's R&D increased by 2.6% year-over-year, from $38M to $39M.
What is the long-term trend for Otis Worldwide's R&D?: Over 4 years (2021 to 2025), Otis Worldwide's R&D has grown at a -1.1% compound annual growth rate (CAGR), from $159M to $152M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.