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Otis Worldwide OTIS Business Segments

FY'25FY'24FY'23FY'22
Net Sales by Business
New Equipment$4.99B-7.0%$5.37B-7.7%$5.81B+0.6%$5.78B-10.1%
Service$9.44B+6.2%$8.89B+5.9%$8.4B+7.6%$7.8B-0.9%
Other Income (Expense) by Business
New Equipment$107M+1.9%$105M+9.4%$96M-14.3%$112M
Service$24M-25.0%$32M-11.1%$36M+56.5%$23M
Operating profit by Business
New Equipment$240M-27.1%$329M-13.6%$381M0.0%$381M-17.0%
Service$2.37B+8.6%$2.19B+8.5%$2.01B+9.9%$1.83B+4.0%
Remaining percentage of costs by Business
New Equipment230%
Service170%
SG&A by Business
New Equipment$485M-1.0%$490M-1.6%$498M+15.8%$430M
Service$1.18B+3.5%$1.14B-2.6%$1.17B+1.6%$1.16B
Cost of Sales by Business
New Equipment$4.16B-6.4%$4.44B-8.1%$4.84B-0.4%$4.86B
Service$5.86B+5.9%$5.53B+7.0%$5.17B+8.0%$4.79B
Goodwill by Business
New Equipment$1.17B+2.1%$1.15B-1.7%$1.17B-1.1%$1.18B-14.3%
Service$5.52B+7.0%$5.16B+0.8%$5.12B+1.9%$5.02B-8.1%
Percentage of costs by Business
New Equipment120%0.0pp120%
Service280%0.0pp280%
Goodwill Resulting from Business Combinations by Business
New Equipment$0$0$0$0
Service$66M+43.5%$46M+557%$7M-61.1%$18M+800%

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Questions, answered.

How does Otis Worldwide break its business down?
Otis Worldwide (OTIS) reports net sales by business across 2 parts — New Equipment and Service. Each is extracted from the segment footnotes and tracked over time.
Where does Otis Worldwide's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Otis Worldwide's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.