78.77
-0.24%
Close of 9 Nov 2026, in USD
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About Otis Worldwide
From its filings with the US Securities and Exchange Commission
Otis Worldwide is based in Farmington, Connecticut and is incorporated in Delaware. Its shares trade on NYSE under the ticker OTIS. It is a member of the S&P 500. The SEC classifies its business as electronic & other electrical equipment (no computer equip). In the fiscal year to 31 December 2025, it reported revenue of $14.43bn and net income of $1.38bn. At that date it held total assets of $10.65bn and shareholders' equity of −$5.39bn. By business, Service sales brought in 65.4% of revenue, followed by Product sales at 34.6%. By region, Other accounted for 59.5%, followed by United States at 29.0% and China at 11.4%.
Otis is the world’s leading elevator and escalator manufacturing, installation, service and modernization company. We serve customers in over 200 countries and territories around the world. Otis has global scale and local focus, with more than 1,400 branches and offices, and a direct physical presence in more than 70 countries.
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.
Through our New Equipment segment, we design, manufacture, sell and install a wide range of passenger and freight elevators, as well as escalators and moving walkways for residential, commercial and infrastructure projects.
Our New Equipment customers include real estate and building developers and general contractors who develop and/or design buildings for residential, commercial, retail or mixed-use activity. We also sell New Equipment to government agencies, particularly, to support infrastructure projects, such as airports, railways or metros. We generally sell directly to our customers through our New Equipment sales personnel. Due to the nature of the customer base in China and certain other geographies, our direct sales force is augmented by agents and distributors.
Quoted from its 10-K, filed 5 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 18 Mar 2020
- Employees
- 72,000
- Website
- otis.com ↗
- Head office
- ONE CARRIER PLACE, FARMINGTON, CT, 06032
- Incorporated in
- DE
- Classification
- Electronic & Other Electrical Equipment (No Computer Equip)
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Ms. Judith MarksChairman of the Board, President, Chief Executive Officer, since 2020$42.1m
- Ms. Cristina MendezChief Financial Officer, Executive Vice President$4.5m
- Mr. Stephane de MontlivaultPresident - Otis Asia Pacific$3.0m
- Ms. Tracy EmbreePresident - Otis Americas$6.7m
- Ms. Sally LohPresident - Otis China
- Mr. Enrique Minarro ViserasPresident - Otis EMEA$4.4m
- Ms. Abbe LuersmanExecutive Vice President, Chief People Officer
- Ms. Nora LafreniereExecutive Vice President, General Counsel$6.4m
- Mr. Neil GreenExecutive Vice President, Chief Digital Officer
- Mr. Peiming ZhengExecutive Vice President, Chief Product, Delivery and Customer Officer$7.8m
- Mr. Michael RyanSenior Vice President, Chief Accounting Officer
- Mr. John WalkerLead Independent Director$365,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 87
- Environment
- 70
- Social
- 99
- Governance
- 92
- Direct emissions (scope 1)
- 129,850 t
- Energy emissions (scope 2)
- 47,980 t
- Value chain emissions (scope 3)
- 7,380,600 t
- Women in the workforce
- 12%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Otis Worldwide Corp has a strong brand reputation and global presence in the elevator and escalator industry.
- The company has a wide range of innovative and technologically advanced products, allowing it to cater to diverse market segments.
- Otis has a well-established distribution network and strong relationships with contractors and suppliers.
Weaknesses
- The company is highly dependent on the construction industry, making its performance vulnerable to economic downturns.
- There is a potential risk of increased competition from emerging markets, which may impact market share and profitability.
- Otis faces operational challenges related to maintenance and servicing of elevators and escalators, which could affect customer satisfaction.
Opportunities
- The growing urbanization and infrastructure development in emerging markets present significant opportunities for expansion.
- Increasing demand for energy-efficient and environmentally friendly solutions aligns with Otis' focus on sustainability and can drive market growth.
- The company can leverage advancements in digital technology to offer enhanced services and maintenance solutions, improving customer experience.
Threats
- Fluctuations in raw material prices, such as steel and energy, can impact Otis' production costs and profitability.
- Geopolitical uncertainties and trade tensions may disrupt international operations and supply chains.
- Competitive pressures from other established players in the industry pose a threat to market share and pricing power.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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