Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
The chart shows the growth of an initial investment of $10,000 in Otis Worldwide Corporation, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Otis Worldwide Corporation (OTIS) has returned -10.73% so far this year and -16.58% over the past 12 months. Looking at the last ten years, OTIS has achieved an annualized return of 5.93%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Otis Worldwide Corporation (OTIS) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.06% | 8.36% | -15.63% | 1.87% | ||||||||
| 2025 | 2.17% | 6.16% | 2.99% | -6.85% | -0.46% | 4.50% | -13.56% | 0.44% | 6.31% | 1.77% | -3.79% | -0.92% |
| 2024 | 0.07% | 6.91% | 4.29% | -7.97% | 8.66% | -2.85% | -2.18% | 0.20% | 10.60% | -5.66% | 4.55% | -10.10% |
| 2023 | 4.17% | 2.61% | -0.08% | 1.22% | -7.15% | 11.64% | 2.86% | -5.12% | -6.57% | -3.56% | 10.85% | 4.28% |
| 2022 | -2.03% | -8.76% | -1.77% | -5.29% | 1.92% | -4.91% | 10.13% | -6.57% | -11.56% | 9.15% | 9.57% | 0.89% |
| 2021 | -4.29% | -3.46% | 6.75% | 13.04% | -0.20% | 3.28% | 8.95% | 2.83% | -10.75% | -2.84% | -0.07% | 6.57% |
| 2020 | 16.37% | 4.61% | 8.41% | 10.07% | -0.19% | -0.16% | -2.53% | 7.64% | 0.19% |
The charts below present risk-adjusted performance metrics for Otis Worldwide Corporation (OTIS) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of OTIS compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Otis Worldwide Corporation volatility is 1.80%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 10.65B | 10.12B | 9.82B | 12.28B | 10.71B |
| Temporary Equity (USD) | 75.00M | 135.00M | 135.00M | 160.00M | 83.00M |
| Equity Attributable To Parent (USD) | -5.39B | -4.92B | -4.87B | -3.63B | -3.83B |
| Equity Attributable To Noncontrolling Interest (USD) | 46.00M | 69.00M | 71.00M | 481.00M | 548.00M |
| Equity (USD) | -5.35B | -4.86B | -4.80B | -3.14B | -3.28B |
| Redeemable Noncontrolling Interest (USD) | 75.00M | 135.00M | 135.00M | 160.00M | 83.00M |
| Other Non-current Liabilities (USD) | 527.00M | 1.49B | 1.01B | 1.77B | 1.98B |
| Long-term Debt (USD) | 7.74B | 6.87B | 6.63B | 7.25B | 5.26B |
| Noncurrent Liabilities (USD) | 8.27B | 8.36B | 7.64B | 9.02B | 7.24B |
| Other Current Liabilities (USD) | 5.51B | 4.60B | 5.13B | 4.69B | 5.22B |
| Accounts Payable (USD) | 2.14B | 1.88B | 1.72B | 1.56B | 1.45B |
| Current Liabilities (USD) | 7.66B | 6.48B | 6.84B | 6.25B | 6.67B |
| Liabilities (USD) | 15.92B | 14.84B | 14.48B | 15.26B | 13.91B |
| Other Non-current Assets (USD) | 3.07B | 2.66B | 2.59B | 2.83B | 2.96B |
| Intangible Assets (USD) | 343.00M | 335.00M | 369.00M | 419.00M | 484.00M |
| Fixed Assets (USD) | 743.00M | 727.00M | 719.00M | 774.00M | 774.00M |
| Noncurrent Assets (USD) | 4.15B | 3.72B | 3.68B | 4.02B | 4.22B |
| Other Current Assets (USD) | 5.89B | 5.79B | 5.53B | 7.64B | 5.83B |
| Inventory (USD) | 613.00M | 612.00M | 617.00M | 622.00M | 659.00M |
| Current Assets (USD) | 6.50B | 6.40B | 6.14B | 8.26B | 6.49B |
| Assets (USD) | 10.65B | 10.12B | 9.82B | 12.28B | 10.71B |
Otis Worldwide Corporation announced a quarterly dividend of $0.42 per share, payable on March 13, 2026, to shareholders of record as of February 13, 2026. The global elevator and escalator manufacturer serves 2.5 billion people daily through its 2.5 million customer units worldwide.
Otis Worldwide Corporation announced a quarterly dividend of $0.42 per share, payable on December 5, 2025, to shareholders of record as of November 14, 2025.
Canoe Financial increased its stake in Otis Worldwide by 940,862 shares, valued at $85.41 million, making it the fund's seventh-largest holding and representing 3.1% of its assets under management.
Otis Worldwide Corporation announced a quarterly dividend of $0.42 per share, payable on September 5, 2025, to shareholders of record as of August 15, 2025.
The European elevator and escalator market is projected to grow at 2.63% CAGR, reaching 164,037 units by 2030, driven by AI integration, infrastructure investments, and accessibility needs, despite challenges like housing crisis and labor shortages.
Otis Worldwide Corporation announced an 8% increase in its quarterly dividend to $0.42 per share, demonstrating the company's commitment to creating value for shareholders through its disciplined capital allocation strategy.
Otis Worldwide Corporation declared a quarterly dividend of $0.39 per share, payable on March 7, 2025, to shareholders of record on February 14, 2025.
Otis Worldwide reported mixed Q4 results, with sales beating estimates but earnings missing expectations. The company's 2025 outlook also came in below consensus, weighed down by weakness in China. The company has launched a transformation program to adjust its operating model in China.
The U.S. elevator manufacturing industry is facing challenges due to high interest rates and a weakened construction sector, leading to a decline in revenue over the past five years. However, a rate cut in 2024 provides a bright spot for the industry.
The global smart elevators market is expected to grow from $15.1 billion in 2023 to $40.4 billion by 2033, driven by technological advancements and urban infrastructure development. The market is segmented by setup, carriage, application, and installation, with the new deployments, passenger, commercial, and low and mid-rise segments expected to be the fastest growing.
