# Otis Worldwide Corp

Summary updated: 2026-10-02T10:22:52.180904Z
Canonical: https://finbar.com/research/companies/otis-worldwide

## Overview

Otis Worldwide Corp. designs, manufactures, installs, services and modernizes elevators and escalators. Its New Equipment business supplies elevators, escalators and moving walkways, while its Service business maintains and repairs Otis and other manufacturers’ equipment and provides modernization work. [1](https://app.finbar.com/go?id=P96299439)[2](https://app.finbar.com/go?id=P102511851) The company describes its mission as being a “world-class, customer-centric, service-oriented company,” with a vision of helping people “connect and thrive in a taller, faster, smarter world.” [3](https://www.otis.com/en/us/our-company/about-us)

Otis serves customers in more than 200 countries and territories and reports over 1,400 branches and offices. It had approximately 72,000 colleagues at year-end 2025 and reported FY2025 net sales of $14.431 billion. [4](https://app.finbar.com/go?id=P2888427)[5](https://app.finbar.com/go?id=P77129749)[6](https://app.finbar.com/go?id=T10769593) Its history dates to 1853, when founder Elisha Graves Otis sold his first elevator after inventing the elevator safety brake. [7](https://www.otis.com/en/us/our-company/history)
[1](https://app.finbar.com/go?id=P96299439)[2](https://app.finbar.com/go?id=P102511851)[4](https://app.finbar.com/go?id=P2888427)[5](https://app.finbar.com/go?id=P77129749)[6](https://app.finbar.com/go?id=T10769593)[3](https://www.otis.com/en/us/our-company/about-us)[7](https://www.otis.com/en/us/our-company/history)

## Products & services

Otis’s elevator portfolio includes Gen3 elevators for low- and mid-rise buildings and SkyRise for high-rises. Gen3 Core is specified for up to 59 ft of travel and 8 stops, at 150–200 ft/min; Gen3 Edge is specified for up to 150 ft and 16 stops, at 150–350 ft/min. Both have listed capacities from 2,100 to 5,000 lb and use coated steel belts and a compact gearless machine. Gen3 also incorporates Otis ONE connectivity and passenger and technician safety features. [8](https://app.finbar.com/go?id=P47080827)[9](https://www.otis.com/en/us/products-services/products/gen3) SkyRise is available in single- and double-deck configurations, with listed speeds up to 12.5 m/s and rises up to 600 m; single-deck capacity is listed up to 4,500 kg. [10](https://www.otis.com/en/us/products-services/products/skyrise) Gen360 uses electronic architecture to reduce mechanical components, with a foldable in-ceiling maintenance platform and optional hoistway cameras for remote visual diagnosis. [11](https://app.finbar.com/go?id=P69247166)[12](https://www.otis.com/en/fi/products-services/products/gen360)

Otis also supplies commercial and public escalators and moving walks. Listed specifications include commercial escalator speeds of 100 ft/min, public escalator rises up to 65 ft 7 in (with higher rises available by special request), and moving-walk speeds of 100 ft/min. [1](https://app.finbar.com/go?id=P96299439)[13](https://www.otis.com/en/us/products-services/products/escalators-and-moving-walks) Its service offerings cover maintenance and repair of Otis and other manufacturers’ equipment, preventive maintenance, code-compliance inspections, breakdown repair, and modernization ranging from interior upgrades to machinery, safety systems, ropes or belts, and full car or escalator upgrades. [14](https://app.finbar.com/go?id=P70126668) Named offerings include Otis Signature Service maintenance agreements with 24/7 OTISLINE support, Gen3 MOD elevator modernization and Link MOD modular escalator modernization. [15](https://www.otis.com/en/us/products-services/otis-signature-service)[16](https://www.otis.com/en/us/products-services/modernization-upgrades/gen3-mod)[17](https://www.otis.com/en/us/products-services/modernization-upgrades/link-mod-escalator)

Otis ONE connects elevators to the cloud for equipment monitoring, predictive maintenance and service communications; its packages provide features such as status access, issue notifications and emergency video or text communication. [11](https://app.finbar.com/go?id=P69247166)[18](https://www.otis.com/en/us/products-services/otis-signature-service/otis-one) In FY2025, New Equipment sales were $4.989 billion and Service sales were $9.442 billion, approximately 34.6% and 65.4% of their combined segment sales, respectively; operating margins were 4.8% and 25.1%. [1](https://app.finbar.com/go?id=P96299439)[19](https://app.finbar.com/go?id=T393912)
[8](https://app.finbar.com/go?id=P47080827)[11](https://app.finbar.com/go?id=P69247166)[1](https://app.finbar.com/go?id=P96299439)[14](https://app.finbar.com/go?id=P70126668)[19](https://app.finbar.com/go?id=T393912)[19](https://app.finbar.com/go?id=T393912)[19](https://app.finbar.com/go?id=T393912)[19](https://app.finbar.com/go?id=T393912)[9](https://www.otis.com/en/us/products-services/products/gen3)[10](https://www.otis.com/en/us/products-services/products/skyrise)[12](https://www.otis.com/en/fi/products-services/products/gen360)[13](https://www.otis.com/en/us/products-services/products/escalators-and-moving-walks)[15](https://www.otis.com/en/us/products-services/otis-signature-service)[16](https://www.otis.com/en/us/products-services/modernization-upgrades/gen3-mod)[17](https://www.otis.com/en/us/products-services/modernization-upgrades/link-mod-escalator)[18](https://www.otis.com/en/us/products-services/otis-signature-service/otis-one)

## Geographic presence

Otis Worldwide serves customers in more than 200 countries and territories and has a direct physical presence in more than 70 countries, supported by over 1,400 branches and offices. Its service network includes approximately 37,000 mechanics. [4](https://app.finbar.com/go?id=P2888427)[20](https://app.finbar.com/go?id=P72290469)

At year-end 2025, the company had approximately 72,000 colleagues, including about 45,000 field professionals. Its workforce was distributed across Asia (45%), EMEA (34%), and the Americas (21%). [5](https://app.finbar.com/go?id=P77129749)
[4](https://app.finbar.com/go?id=P2888427)[20](https://app.finbar.com/go?id=P72290469)[5](https://app.finbar.com/go?id=P77129749)

## Business segments

Otis reports two business segments: **New Equipment** and **Service**. New Equipment designs, manufactures, sells and installs elevators, escalators and moving walkways. Service provides maintenance and repair for Otis and other manufacturers’ equipment, as well as modernization work to upgrade elevators and escalators. [2](https://app.finbar.com/go?id=P102511851)

In FY2025, New Equipment generated $4.989 billion, approximately **34.6%** of segment net sales; Service generated $9.442 billion, approximately **65.4%**. [19](https://app.finbar.com/go?id=T393912) In the first half of 2026, their respective shares were approximately **32.7%** and **67.3%** of segment net sales. [21](https://app.finbar.com/go?id=T16310951)
[2](https://app.finbar.com/go?id=P102511851)[19](https://app.finbar.com/go?id=T393912)[19](https://app.finbar.com/go?id=T393912)[21](https://app.finbar.com/go?id=T16310951)[21](https://app.finbar.com/go?id=T16310951)

## Company history

Otis traces its origins to 1853, when Elisha Graves Otis sold his first elevator equipped with a safety brake; he publicly demonstrated the mechanism in 1854. The company installed its first passenger elevator in 1857, and after Elisha’s death, his sons Charles and Norton continued the business, incorporating it as Otis Brothers & Co. in 1867. In 1898, Otis merged with 13 other companies to form The Otis Elevator Company. [22](https://app.finbar.com/go?id=P7103084)[7](https://www.otis.com/en/us/our-company/history)

In the 20th century, Otis developed products including the ReGen regenerative drive, introduced in 1996, and its SkyBuild self-climbing construction elevator, patented in 1999. United Technologies Corporation acquired Otis in 1976. Otis Worldwide Corporation was incorporated in 2019 in preparation for its separation from United Technologies, which was completed on April 3, 2020, when Otis became an independent publicly traded company. [22](https://app.finbar.com/go?id=P7103084)[7](https://www.otis.com/en/us/our-company/history)[23](https://app.finbar.com/go?id=P95557983)[24](https://www.sec.gov/Archives/edgar/data/1781335/000178133526000011/otis-20251231.htm)
[22](https://app.finbar.com/go?id=P7103084)[23](https://app.finbar.com/go?id=P95557983)[7](https://www.otis.com/en/us/our-company/history)[24](https://www.sec.gov/Archives/edgar/data/1781335/000178133526000011/otis-20251231.htm)

## Sources

1. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P96299439)
2. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P102511851)
3. [www.otis.com](https://www.otis.com/en/us/our-company/about-us)
4. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P2888427)
5. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P77129749)
6. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=T10769593)
7. [www.otis.com](https://www.otis.com/en/us/our-company/history)
8. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P47080827)
9. [www.otis.com](https://www.otis.com/en/us/products-services/products/gen3)
10. [www.otis.com](https://www.otis.com/en/us/products-services/products/skyrise)
11. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P69247166)
12. [www.otis.com](https://www.otis.com/en/fi/products-services/products/gen360)
13. [www.otis.com](https://www.otis.com/en/us/products-services/products/escalators-and-moving-walks)
14. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P70126668)
15. [www.otis.com](https://www.otis.com/en/us/products-services/otis-signature-service)
16. [www.otis.com](https://www.otis.com/en/us/products-services/modernization-upgrades/gen3-mod)
17. [www.otis.com](https://www.otis.com/en/us/products-services/modernization-upgrades/link-mod-escalator)
18. [www.otis.com](https://www.otis.com/en/us/products-services/otis-signature-service/otis-one)
19. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=T393912)
20. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P72290469)
21. [Otis Worldwide Corp — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16310951)
22. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P7103084)
23. [Otis Worldwide Corp — Full financial report (2025 Y)](https://app.finbar.com/go?id=P95557983)
24. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1781335/000178133526000011/otis-20251231.htm)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.