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World's largest maker and servicer of elevators and escalators for buildings globally.
World's largest maker and servicer of elevators and escalators for buildings globally.
Sells new elevators and escalators through bids and then services them; maintenance contracts, which run for years, provide the larger and steadier part of profit while new-equipment sales swing with construction. It also maintains other makers' elevators. It was spun out of United Technologies in April 2020.
Moat: narrow (installed base, switching costs, brand). Massive installed base drives recurring, high-margin maintenance contracts that are costly to switch.
Headquarters: Farmington, Connecticut, US · Founded: 1853 · Employees: 72,000
Size Otis Worldwide (OTIS) is a United States Industrials company (Engineering & Construction) with a market value of $30.1B, the 361st largest of 3,117 United States companies the cockpit tracks. Shares closed at $78.96 on 6 Nov 2026.
Performance Over six months the shares gained 6.2%, against -14.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 5.8% over the last twelve months (peer median +6.5%); the operating margin is 15.4% (peer median 8.0%).
Valuation It trades at 18.1× forward earnings against a peer median of 15.5× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 54.7 points above its cost of capital (8.3% WACC).
Backlog Backlog (remaining performance obligations) was $19.6B at 30 Sep 2026, up 3% on a year earlier — 1.3 years of trailing revenue. Backlog detail →
Credit Otis Worldwide has 9 bonds outstanding ($6.03B), rated BBB by the agencies and trading like A- at a weighted spread of 69 bp.
Short interest Short interest is 4.2% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $15.1B | $14.4B | $14.3B | $14.2B | $13.7B |
| Revenue growth | — | +1% | 0% | +4% | — |
| Gross profit | $4.52B | $4.41B | $4.30B | $4.23B | $3.94B |
| EBITDA | $2.51B | $2.52B | $2.47B | $2.42B | $2.27B |
| Net income | $1.56B | $1.38B | $1.65B | $1.41B | $1.25B |
| Free cash flow | $1.67B | $1.44B | $1.44B | $1.49B | $1.45B |
| Capital expenditure | $161M | $152M | $126M | $138M | $115M |
| Total debt | $8.69B | $8.51B | $8.74B | $7.31B | $7.21B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Otis Worldwide OTIS | $30.1B | +6% | +6% | 15% | 18.1× | 2.3% |
| Schindler SCHN.SW | $39.4B | +17% | -3% | 13% | 28.2× | 2.3% |
| KONE KNEBV.HE | $33.8B | +15% | +2% | 12% | 27.1× | 5.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OTIS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.4% | +2.6% | highest of 21 |
| 6-month return | +6.2% | -14.9% | 2nd highest of 21 |
| Distance from 52-week high | -16.0% | -31.6% | 3rd highest of 21 |
| Revenue growth (TTM) | +5.8% | +6.5% | 11th highest of 21 |
| Operating margin | 15.4% | 8.0% | 3rd highest of 20 |
| Forward P/E | 18.1× | 15.5× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.3% | 6.4% | 6th least demanding of 17 |
| Growth delivered (Del g) | +2.5% | +12.7% | 2nd lowest of 17 |
| Hurdle (Req g minus delivered) | -0.2 pp | -8.0 pp | 8th most demanding of 17 |
| ROIC minus cost of capital | +54.7 pp | -0.8 pp | 2nd highest of 20 |
| EV / EBITDA | 15.2× | 12.3× | 5th most expensive of 15 |
| Net debt / EBITDA | 3.1× | 1.8× | 7th most indebted of 18 |
| Bond spread | 69 bp | 100 bp | 2nd tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Otis Worldwide OTIS | United States | $30.1B | +6% | +6% | 15% | 18.1× | 2.3% | +2.5% |
| HOCHTIEF Aktiengesellschaft HOT.DE | Germany | $30.9B | -31% | +8% | 4% | 25.1× | 2.6% | +10.7% |
| Samsung C&t 028260.KS | South Korea | $31.3B | -8% | +14% | 8% | 15.0× | 5.9% | +6.2% |
| China State Construction Engineering 601668.SS | China | $28.3B | -4% | -9% | n/a | 5.6× | n/a | n/a |
| Emcor EME | United States | $26.6B | -34% | +22% | 10% | 15.5× | 6.2% | +14.1% |
| ACS, Actividades de Construccion y Servicios ACS.MC | Spain | $26.0B | -37% | +10% | 3% | 20.6× | -2.6% | +11.2% |
| Comfort Systems USA FIX | United States | $35.6B | -48% | +51% | 17% | 16.2× | 12.4% | +26.1% |
| Geberit GEBN.SW | Switzerland | $22.1B | +14% | +3% | 29% | 29.8× | 6.6% | +1.2% |
| Ferrovial FER.MC | Spain | $42.3B | -10% | +5% | 10% | 55.5× | 21.9% | +8.1% |
| Cellnex Telecom CLNX.MC | Spain | $19.6B | -7% | 0% | 13% | n/a | 29.7% | +22.5% |
| Bouygues EN.PA | France | $18.3B | -18% | -1% | 5% | 12.9× | -0.8% | +10.4% |
| APi APG | United States | $17.5B | -7% | +16% | 7% | 20.7× | 27.8% | +17.1% |
| WSP Global WSP.TO | Canada | $17.5B | -19% | +10% | 10% | 14.4× | 0.0% | +15.7% |
| China Railway 601390.SS | China | $15.1B | -13% | -7% | 4% | 6.0× | n/a | n/a |
| Larsen & Toubro LT.NS | India | $59.8B | +2% | +11% | 8% | 27.6× | 29.7% | +16.1% |
| MasTec MTZ | United States | $14.0B | -58% | +26% | 5% | 15.0× | 21.6% | +17.7% |
| China Energy Engineering 601868.SS | China | $13.6B | -18% | -5% | 4% | 17.9× | n/a | n/a |
| Acciona ANA.MC | Spain | $13.4B | -16% | +8% | 6% | 19.8× | 8.2% | +25.6% |
| Vinci DG.PA | France | $69.8B | -12% | +4% | 12% | 12.2× | -1.5% | +11.4% |
| China Communications Construction 601800.SS | China | $12.8B | -12% | -4% | 3% | 6.8× | n/a | n/a |
| Kajima 1812.T | Japan | $12.5B | -27% | +4% | 8% | 10.8× | -1.9% | +10.0% |
Otis Worldwide has 9 bonds outstanding with $6.03B face value. The agencies rate it BBB; its bonds trade like A-. Weighted yield 5.41%, a spread of 69 bp over government bonds.
Otis Worldwide reported $19.6B of remaining performance obligations at 30 Sep 2026, up 3% from a year earlier and down 1% from the previous quarter. That is 1.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.97.