Otis Worldwide Corporation (NYSE: OTIS)
Specialty Industrial Machinery · Farmington, CT, United States · Founded 1853
- Market capitalization: $40.0 billion
- Annual revenue: $14.43 billion
- Net income: $1.38 billion
- Employees: 71,000
- Sector: Industrials
- Headquarters: Farmington, United States
- Founded: 1853
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Otis is the world's largest elevator and escalator company, with over 2.2 million units under maintenance worldwide. They manufacture, install, and service elevators and escalators in virtually every major building on earth. The service business — maintaining installed elevators — is the real profit engine.
New equipment sales (elevators and escalators for new buildings) plus service and maintenance contracts on the installed base. The service business generates roughly 55% of revenue but the vast majority of profit. Once Otis installs an elevator, they typically maintain it for the building's lifetime.
Elisha Otis invented the safety elevator in 1852, making tall buildings possible. The company was part of United Technologies for decades before being spun off in 2020. Otis elevators are in iconic buildings worldwide, from the Eiffel Tower to the Empire State Building.
| Market Capitalization | $40.0B |
| Annual Revenue | $14.43B |
| Net Income | $1.38B |
| Profit Margin | 10% |
| Revenue per Employee | $203239K |
| Stock Exchange | NYSE |
| Ticker Symbol | OTIS |
Financial data is approximate and based on most recent annual filings.
Otis moves 2 billion people per day — more than any airline, subway, or bus system. The safety elevator literally made skyscrapers possible; without Otis's invention, cities would look completely different.
Otis is the ultimate installed-base business. Every new building needs elevators, and every elevator needs maintenance forever. The economics are beautiful.
What is Otis Worldwide Corporation's revenue?
Otis Worldwide Corporation generates approximately $14.43 billion in annual revenue.
How many employees does Otis Worldwide Corporation have?
Otis Worldwide Corporation employs approximately 71,000 people worldwide.
What is Otis Worldwide Corporation's market cap?
Otis Worldwide Corporation (OTIS) has a market capitalization of approximately $40.0 billion on the NYSE.
When was Otis Worldwide Corporation founded?
Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, CT, United States.
Who is the CEO of Otis Worldwide Corporation?
Judy Marks is the current CEO of Otis Worldwide Corporation.
What is Otis Worldwide Corporation's website?
Otis Worldwide Corporation's official website is otis.com.
| CEO | Judy Marks |
| Sector | Industrials |
| Industry | Specialty Industrial Machinery |
| Founded | 1853 |
| HQ | Farmington, CT |
| Country | United States |
| Website | otis.com |
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