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Otis Worldwide logo

Otis Worldwide Business Segments

Business, geographic, and product segment breakdowns

Otis Worldwide generates $14.6B in annual revenue across 2 key segments: New Equipment ($5.0B), and Service ($9.7B). The company-wide operating margin is 15.44%. Based on the Q1 2026 filing.

New Equipment (TTM)$5.0BService (TTM)$9.7B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$26.9B
P/E Ratio18.17
ROE-27.41%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Sales$2.3B$2.2B$2.3B$2.4B$2.5B$2.4B
Cost of Sales$1.5B$1.4B$1.4B$1.5B$1.6B$1.5B

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Fixed assets, net$314M———$350M—

Business Segments

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$1.5B$1.4B$1.4B$1.5B$1.6B$1.5B
New Equipment$1.1B$962M$1.1B$1.1B$1.1B$956M

Foreign Currency Translation and Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service-$74M$17M$69M——-$13M
New Equipment-$19M$5M$17M——-$3M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$1.3B$1.3B$1.4B$1.4B$1.4B$1.4B
New Equipment$277M$282M$299M$297M$294M$291M

Goodwill Resulting from Business Combinations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$11M$18M$33M$0$15M$3M
New Equipment$0$0$0$0$0$0

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$2.3B$2.2B$2.3B$2.4B$2.5B$2.4B
New Equipment$1.4B$1.2B$1.3B$1.3B$1.3B$1.1B

Operating profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$569M$537M$578M$621M$638M$556M
New Equipment$64M$66M$68M$59M$47M$38M

Other Income (Expense)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
New Equipment$27M$25M$28M$26M$28M$26M
Service$9M$5M$9M$10M$0$12M

Percentage of costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service70.0%70.0%70.0%70.0%70.0%70.0%
New Equipment30.0%30.0%30.0%30.0%30.0%30.0%

Remaining percentage of costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service10.0%40.0%40.0%40.0%50.0%70.0%
New Equipment90.0%60.0%60.0%60.0%50.0%30.0%

SG&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$277M$282M$292M$308M$302M$324M
New Equipment$140M$110M$119M$119M$137M$129M