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Otis Worldwide Corporation SupplierIQ Procurement Profile
Otis Worldwide Corporation is an elevator and escalator manufacturing, installation, and service company. It operates into two segments: the New Equipment segment, which engages in the design, manufacture, sale, and installation of passenger and freight elevators, as well as escalators and moving walkways for residential, commercial, and infrastructure projects, and the Service segment, which performs the maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It serves customers worldwide through its global branches and offices, including Brazil, China, India, South Korea, France, Spain, and the United States. The firm was incorporated in Delaware on March 1, 2019. Its headquarters are located in Farmington, Connecticut.
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What’s included in this SupplierIQ Profile
IBISWorld's SupplierIQ profile covering Otis Worldwide Corporation includes financial statements, products & service markets, competitive position and key financial health ratios.
Company Snapshot
What’s covered in this SupplierIQ Profile?
This SupplierIQ profile on Otis Worldwide Corporation covers the company’s financial statements, products & service markets, competitive position and key financial health ratios. Otis Worldwide Corporation, trading as Otis Worldwide, is a public company with 72.0k employees.
What industries does Otis Worldwide Corporation operate in?
Otis Worldwide Corporation primarily operates in Elevator and Moving Stairway Manufacturing, as well as in Forklift & Conveyor Manufacturing in the US and Elevator Installation & Service in the US.
Product & Service Markets
What’s included in the Product & Service Markets chapter?
The Product & Service Markets chapter provides a breakdown of Otis Worldwide Corporation’s key product and service segments, organized by standardized industry classifications like NAICS. It includes their market share in each of these markets with market share trends and insights.
Competitive Position
What’s included in the Competitive Position chapter?
The Competitive Position chapter covers Otis Worldwide Corporation’s performance relative to competitors in each of the products and service markets the company operates in. This includes a detailed competitor matrix comparing the market share, return on assets, return on equity, pricing power and competitive outlook. There are qualitative insights and a detailed SWOT analysis included for each product and service market.
Income Statement
What’s included in the Income Statement chapter?
The Income Statement chapter includes datasets covering Otis Worldwide Corporation’s historical financial performance. Line items include revenue, cost of sales, gross margins, general and administrative costs, research and development costs, depreciation, interest and taxes. This is available in current and historical datasets.
Balance Sheet
What’s included in the Balance Sheet chapter?
The Balance Sheet chapter includes datasets covering Otis Worldwide Corporation’s historical financial health. Current asset and non-current asset accounts include line items like cash, receivables, inventories, property, plant and equipment, investments, goodwill. Current liabilities and non-current liabilities accounts include line items like accounts payable, debts, provisions and lease liabilities. The equity accounts include line items like paid-in capital, retained earnings, employee stock option plans and treasury stock. This is available in current and historical datasets.
Cash Flows
What’s included in the Cash Flows chapter?
The Cash Flows chapter includes detailed line item accounts covering Otis Worldwide Corporation’s operating cash flow activities, financing cash flow activities and investing cash flow activities. This is available in current and historical datasets.
Ratios
What’s included in the Ratios chapter?
The Ratios chapter covers key financial metrics like the operating margin, gross margin, return on equity, return on assets, current ratio, quick ratio, EBIT margins, EBITDA margins, debt ratio, equity ratio and debt to equity ratios. This is available in current and historical datasets.
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Frequently Asked Questions
What is the 2025 revenue for Otis Worldwide Corporation?
According to the 2026 IBISWorld ProcurementIQ report, Otis Worldwide Corporation generated $14.4bn in revenue.
Who are Otis Worldwide Corporation’s main competitors?
The 2026 ProcurementIQ report benchmarks Otis Worldwide Corporation against its top competitors across execution score, operational capabilities, pricing power, and market share.
What is Otis Worldwide Corporation’s EBITDA margin?
Otis Worldwide Corporation’s EBITDA margin is reported across a 7-year period in the 2026 IBISWorld ProcurementIQ report. The report includes a full income statement breakdown.
What markets does Otis Worldwide Corporation operate in?
The 2026 report identifies all NAICS-coded product and service markets Otis Worldwide Corporation participates in, including market share, concentration, profitability trends, and average vendor risk ratings.
How many employees does Otis Worldwide Corporation have?
The 2026 ProcurementIQ report lists Otis Worldwide Corporation’s employee count and benchmarks workforce size against key competitors to assess relative operational capacity.
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