Otis Worldwide CorpOTIS
What Otis Worldwide Corp does.
Otis is t he world’s leading elevator and escalator manufacturing, installation, service and modernization company. We serve customers in ov er 200 countries and territories around t he world. Otis has global scale and local focus, with more than 1,400 branc hes and offices, and a direct physical presence in more than 70 co untries.
The following description of our busin ess should be read in conjunction with Item 7 in this Form 10-K, including the information contained therein under the heading "Business Overview."
Our Company is organized into two segments, New Equipment and Service, which, for 2025, contributed 35% and 65% of our net sales, and 9% and 91% of our segment operating profit, respectively. Our international operations represented approximately 71% of our net sales for 2025.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $12.8B | $14.3B | $13.7B | $14.2B | $14.3B | $14.4B |
| Net income | $906.0M | $1.2B | $1.3B | $1.4B | $1.6B | $1.4B |
| Free cash flow | $1.3B | $1.6B | $1.4B | $1.5B | $1.4B | $1.4B |
More on OTIS.
- Otis Worldwide Corp summary
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- Otis Worldwide Corp earnings
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- Otis Worldwide Corp ownership and insiders
- Otis Worldwide Corp peers
Figures from Otis Worldwide Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.