Otis Worldwide Corporation (OTIS) Revenue
The trailing-twelve-month (TTM) revenue for Otis Worldwide Corporation (OTIS) is $14.65 Billion with a year-over-year growth of +3.34%. Revenue represents the total income generated from the company's primary business operations.
OTIS Annual Revenue
Revenue (TTM)
$14.65B
$14.65 Billion
Year-over-Year Growth
+3.34%
vs. $14.17B a year ago (TTM)
Revenue CAGR
+2.11%
5 Year compound annual growth rate
Revenue CAGR (Compound Annual Growth Rate)
1 Year
+3.34%
3 Year
+2.46%
5 Year
+2.11%
10 Year
N/A
15 Year
N/A
20 Year
N/A
CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.
Annual Revenue History
| Year | Revenue | YoY Change | % Change |
|---|---|---|---|
| 2025 | $14.43B | +$170.00M | +1.19% |
| 2024 | $14.26B | +$52.00M | +0.37% |
| 2023 | $14.21B | +$524.00M | +3.83% |
| 2022 | $13.69B | ($613.00M) | (4.29%) |
| 2021 | $14.30B | +$1.54B | +12.09% |
| 2020 | $12.76B | ($362.00M) | (2.76%) |
| 2019 | $13.12B | +$203.00M | +1.57% |
| 2018 | $12.91B | +$592.00M | +4.80% |
Revenue Growth Summary
TTM Growth
+3.34%
3-Year Avg Growth
+2.46%
5-Year Avg Growth
+2.11%
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