Otis Worldwide Corporation (OTIS) Property, Plant & Equipment
The pp&e for Otis Worldwide Corporation (OTIS) is $1.30 Billion with a year-over-year change of +15.49%. Property, Plant & Equipment (PP&E) represents the long-term tangible assets used in operations, including land, buildings, machinery, and equipment, shown net of accumulated depreciation.
OTIS PP&E Chart
Current PP&E
$1.30B
$1.30 Billion
Year-over-Year Change
+15.49%
vs. $1.12B prior year
Historical Data
9
Years of data available
Annual PP&E History
| Year | PP&E | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.30B | +$174.00M | +15.49% |
| 2024 | $1.12B | $-20.00M | -1.75% |
| 2023 | $1.14B | $-25.00M | -2.14% |
| 2022 | $1.17B | $-132.00M | -10.15% |
| 2021 | $1.30B | $-16.00M | -1.22% |
| 2020 | $1.32B | +$60.00M | +4.78% |
| 2019 | $1.26B | +$578.00M | +85.25% |
| 2018 | $678.00M | +$52.00M | +8.31% |
| 2017 | $626.00M | — | — |
Related Metrics
About Otis Worldwide Corporation
Otis Worldwide Corporation is a global leader specializing in the manufacturing, installation, and servicing of elevators and escalators, with significant operations in the United States, China, and numerous other international markets. The company's business is organized into two primary divisions: New Equipment and Service. Its New Equipment segment is responsible for the design, fabrication, sale, and fitting of a diverse array of passenger and freight elevators, escalators, and moving walkways, catering to residential and commercial properties, as well as large-scale infrastructure endeavors. Conversely, the Service segment offers extensive maintenance, repair, and modernization services aimed at upgrading existing elevator and escalator systems. Otis maintains a substantial global service footprint, employing approximately 34,000 service technicians across roughly 1,400 branches and offices. The company, established in 1853, is headquartered in Farmington, Connecticut.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Judith F. Marks