# Otis Worldwide Corporation (OTIS)

**Exchange:** NYSE  
**Sector:** Industrials  
**Market cap:** $27.69B  
**Price:** $70.13 (+0.67%)

> Otis Worldwide Corporation is a global industrial company specializing in the design, manufacture, installation, and servicing of elevators, escalators, moving walkways, and related vertical transportation systems. Headquartered in Farmington, Connecticut, and founded in 1853, the company serves customers across commercial, residential, infrastructure, and industrial buildings worldwide. Otis Worldwide Corporation operates through two primary activities: providing equipment for new construction and modernization projects, and delivering ongoing maintenance and repair services for an extensive installed base of units. Its technologies are present in high-rise office towers, residential complexes, hotels, hospitals, airports, and transit hubs, supporting the safe and efficient movement of people in urban environments. The company works with property developers, building owners, and public-sector clients in more than 200 countries and territories, positioning Otis Worldwide Corporation as a key player in enabling modern urban mobility and building operations on a global scale.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $14.43B | — | $2.13B | $1.38B | — |
| 2024 | $14.26B | — | $2.01B | $1.65B | — |
| 2023 | $14.21B | — | $2.19B | $1.41B | — |
| 2022 | $13.69B | — | $2.03B | $1.25B | — |
| 2021 | $14.30B | — | $2.11B | $1.25B | — |
| 2020 | $12.76B | — | $1.64B | $906M | — |
| 2019 | $13.12B | — | $1.81B | $1.12B | — |
| 2018 | $12.91B | — | $1.83B | $1.05B | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $10.65B | $15.92B | -$5.39B | $1.10B | $7.74B |
| 2024 | $11.32B | $16.04B | -$4.85B | $2.30B | $8.27B |
| 2023 | $10.12B | $14.84B | -$4.92B | $1.27B | $6.87B |
| 2022 | $9.82B | $14.48B | -$4.87B | $1.19B | $6.63B |
| 2021 | $12.28B | $15.26B | -$3.63B | $1.56B | $7.25B |
| 2020 | $10.71B | $13.91B | -$3.86B | $1.78B | $5.26B |
| 2019 | $9.69B | $7.36B | $1.70B | $1.45B | $5M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $1.60B | — | — |
| 2024 | $1.56B | — | — |
| 2023 | $1.63B | — | — |
| 2022 | $1.56B | — | — |
| 2021 | $1.75B | — | — |
| 2020 | $1.48B | — | — |
| 2019 | $1.47B | — | — |
| 2018 | $1.55B | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/OTIS)