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Otis Worldwide/$OTIS

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About Otis Worldwide

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
Ticker
$OTIS
Primary listing
NYSE
Employees
72,000

Otis Worldwide Metrics

BasicAdvanced
$28B
18.56
$4.02
0.86
$1.72
2.36%

What the Analysts think about Otis Worldwide

Analyst ratings (Buy, Hold, Sell) for Otis Worldwide stock.
Analyst projections of the future price of Otis Worldwide stock.

Bulls say / Bears say

Service remains a strong growth engine: third-quarter organic Service sales rose 7%, with modernization up 20% and maintenance and repair up 4%. That recurring business helps offset softer new-equipment markets. (Otis Worldwide)
Modernization demand gives Otis a solid forward pipeline: orders rose 10% and backlog grew 20% in the third quarter. That backlog supports future sales as customers upgrade ageing equipment. (Otis Worldwide)
New-equipment performance is improving outside China: organic sales grew 3% in the third quarter, the first increase since 2023, while Americas sales rose 13%. Orders and backlog also grew when China is excluded, suggesting better momentum across other regions. (The Motley Fool)
Profitability is under pressure despite sales growth: third-quarter adjusted operating profit fell by $6 million and adjusted operating margin narrowed 110 basis points to 16.0%. Higher labour costs and investment in service initiatives are weighing on returns. (Otis Worldwide)
China remains a major drag on new equipment: sales there fell by more than 20% in the third quarter, while orders and backlog also declined. Management expects the market to remain under pressure, despite some moderation in declines. (Otis Worldwide)
Maintenance growth is being held back by customer churn and contract mix. In the third quarter, maintenance sales grew only 2% despite portfolio growth and pricing, with churn and mix offsetting much of that progress. (The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.

Otis Worldwide Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Otis Worldwide Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Otis Worldwide

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