OverviewSuggest Edit

Otis (also known as Otis Elevator and Otis Worldwide) is a company that manufactures, installs, and maintains elevators, escalators, moving walkways, and related equipment. It also provides maintenance, repair, and modernization services to upgrade elevators and escalators.

TypePublic
Founded1853
HQFarmington, CT, US
Websiteotis.com
Overall CultureB

Latest Updates

Employees (est.) (Mar 2020)69,000
Job Openings1,465
Revenue (FY, 2020)$12.8 B(-2%)
Share Price (Sept 2021)$85.7(+2%)
Cybersecurity ratingBMore

Key People/Management at Otis

Judy Marks

Judy Marks

President, Chief Executive Officer
Rahul Ghai

Rahul Ghai

Executive Vice President, Chief Financial Officer
Stéphane de Montlivault

Stéphane de Montlivault

President, Otis Asia Pacific
Bernardo Calleja

Bernardo Calleja

President, Otis EMEA
Ricardo Muñoz

Ricardo Muñoz

Senior Vice President, Engineering
Laurie Havanec

Laurie Havanec

Executive Vice President, Chief People Officer
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Otis Office Locations

Otis has offices in Farmington, Aberdeen, Agawam, Akron and in 229 other locations
Farmington, CT, US (HQ)
1 Carrier Pl
Aberdeen, SD, US
202 S Main St #514
Agawam, MA, US
270 Main St
Akron, OH, US
1450 Firestone Pkwy suite a
Albany, NY, US
20 Loudonville Rd
Albuquerque, NM, US
6701 Edith Blvd NE suite c
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Otis Financials and Metrics

Otis Revenue

Otis's revenue was reported to be $12.76 b in FY, 2020
USD

Revenue (Q1, 2021)

3.4b

Net income (Q1, 2021)

352.0m

EBIT (Q1, 2021)

509.0m

Market capitalization (23-Sept-2021)

36.0b

Closing stock price (23-Sept-2021)

85.7

Cash (31-Mar-2021)

1.7b

EV

40.4b
Otis's current market capitalization is $36 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

12.3b12.9b13.1b12.8b

Revenue growth, %

5%2%

Cost of goods sold

8.6b9.2b9.3b

Gross profit

3.7b3.7b3.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

3.1b3.4b3.3b3.0b3.0b3.3b3.4b

Cost of goods sold

2.7b2.4b3.0b2.1b2.1b2.3b

Gross profit

361.0m984.0m266.0m897.0m891.0m979.0m

Gross profit Margin, %

12%29%8%30%29%30%
Annual
USDFY, 2018FY, 2019

Cash

1.3b1.4b

Accounts Receivable

2.7b2.9b

Inventories

637.0m571.0m

Current Assets

5.6b5.7b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.2b1.9b1.7b1.7b

Accounts Receivable

2.9b2.9b3.0b3.1b

Inventories

599.0m629.0m667.0m686.0m

Current Assets

5.5b6.4b6.3b6.3b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

809.0m1.2b1.0b1.1b

Depreciation and Amortization

177.0m190.0m135.0m191.0m

Inventories

(109.0m)24.0m31.0m(76.0m)

Accounts Payable

119.0m166.0m(42.0m)20.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

1.3b300.0m652.0m202.0m467.0m777.0m352.0m

Depreciation and Amortization

180.0m45.0m91.0m43.0m92.0m140.0m51.0m

Inventories

60.0m7.0m24.0m(49.0m)(71.0m)(101.0m)(39.0m)

Accounts Payable

(28.0m)(309.0m)(156.0m)(289.0m)79.0m19.0m29.0m
Show all financial metrics

Otis Operating Metrics

Feb, 2020

Branches

1.4 k

Countries (Customers)

200

Patent Applications

2.9 k

Patents Issued

2.5 k
Show all operating metrics

Otis Acquisitions / Subsidiaries

Company NameDateDeal Size
Highland Holdings S.a.r.l
Otis Elevator (China) Investment Company Limited
Otis Elevator Company
Otis Far East Holdings Limited
Otis Far East Holdings Limited
United Technologies Luxembourg S.à.r.l
Zardoya Otis, S.A.

Otis Revenue Breakdown

Embed Graph

Otis revenue breakdown by business segment: 56.9% from Service and 43.1% from New Equipment

Otis revenue breakdown by geographic segment: 16.1% from China, 27.4% from United States and 56.5% from Other

Otis Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Otis Online and Social Media Presence

Embed Graph

Otis Company Culture

  • Overall Culture

    B

    69/100

  • CEO Rating

    B

    72/100

  • Compensation

    B+

    74/100

  • Diversity

    D-

    52/100

Learn more on Comparably

Otis News and Updates

Otis deal to buy the near-50% of Zardoya Otis it doesn't own values Zardoya at $3.9 billion

Otis Worldwide Corp. announced Thursday an agreement to buy the 49.99% of Zardoya Otis S.A. in a deal valuing Zardoya at EUR3.3 billion ($3.87 billion). Under terms of the deal, the elevator and escalator maker said it will pay EUR7.00 in cash for the outstanding Zardoya shares, representing a 30.…

Otis Announces Cash Tender Offer for Remaining 49.99% Interest in Zardoya Otis

FARMINGTON, Conn., Sept. 23, 2021 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, today announced a tender offer through its wholly-owned subsidiary, Opal Spanish Holdings,...

Global Elevator & Escalator Market 2021-2026 with Otis Elevator, Schindler, ThyssenKrupp, and KONE Dominating

Dublin, July 29, 2021 (GLOBE NEWSWIRE) -- The "Global Elevator & Escalator Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering. The overall global market was at USD 68.31 Billion in the year 2015, which faced a downfall in the year 2020 due to the Covid pandemic. T…

Otis tops profit and revenue expectations on new equipment strength, boosts full-year outlook

Otis Worldwide Corp. reported Monday second-quarter profit and sales that rose above expectations, with particular strength in its new equipment business, and raised its full-year outlook. The elevator and escalator maker's stock slipped 0.3% in premarket trading. Net income grew to $326 million, o…

Otis Reports Second Quarter 2021 Results

FARMINGTON, Conn., July 26, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2021 net sales of $3.7 billion with 15.4% organic growth. GAAP operating profit was up $145 million and margin expanded 150 basis points to 15.2%. Adjusted operating profit was...
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Otis Blogs

Putting Customers at the Center of All We Do

What does it mean to live our mission “to be a world-class, customer-centric, service company”? At Otis, we believe it starts by listening to what matters most to our customers, understanding what they want, and delivering what they need.

Touchless Elevator Solutions for Greater Safety and Convenience

Today, more than ever, elevator passengers want to feel safe getting to their destinations. Especially during the global pandemic, passengers prefer to avoid touching elevator fixtures and buttons as much as possible to reduce the spread of germs and viruses. Touch-free solutions deliver…

Otis Frequently Asked Questions

  • When was Otis founded?

    Otis was founded in 1853.

  • Who are Otis key executives?

    Otis's key executives are Judy Marks, Rahul Ghai and Stéphane de Montlivault.

  • How many employees does Otis have?

    Otis has 69,000 employees.

  • What is Otis revenue?

    Latest Otis annual revenue is $12.8 b.

  • What is Otis revenue per employee?

    Latest Otis revenue per employee is $184.9 k.

  • Who are Otis competitors?

    Competitors of Otis include Hitachi, Mitsubishi Heavy Industries and Schindler.

  • Where is Otis headquarters?

    Otis headquarters is located at 1 Carrier Pl, Farmington.

  • Where are Otis offices?

    Otis has offices in Farmington, Aberdeen, Agawam, Akron and in 229 other locations.

  • How many offices does Otis have?

    Otis has 246 offices.