← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Otis is a service business attached to an elevator maker: Service grew 6% and earned a 25.1% margin while New Equipment sales fell 7% on a greater than 20% drop in China, leaving revenue up 1.2% to $14.43B
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 1.2% to $14.43B; Service up 6%, New Equipment down 7%Note
- Profitability — Operating margin up 70 bps to 14.78%; net income down 15.9% to $1.38BNote
- Balance sheet — Shareholders' deficit of $5.39B; total debt down 4.4% to $7.96BWatch
- Accounting quality — Grey-zone balance-sheet screen; no manipulation flag; earnings quality safeNote
- Capital allocation — Buybacks $809M and dividends $647M, together exceeding $1.44B of free cash flowNote
- Service franchise — Approximately 2.5 million units under maintenance; Service is 91% of segment operating profitOK
Business
Otis is the world's leading elevator and escalator manufacturing, installation, service and modernization company, serving customers in over 200 countries and territories. New elevators are the entry point; the money is in maintaining them: Service produced 65% of 2025 net sales but 91% of segment operating profit, from a maintenance portfolio of approximately 2.5 million units. International operations were approximately 71% of net sales.
Where the revenue comes from
Fiscal 2025, as Otis Worldwide Corp reports it. History and quarterly detail are in the app.
- Service$9.4B
- New Equipment$5.0B
Leadership changes
From Otis Worldwide Corp's own filings, the day they're filed.
- Enrique Mi · Chief Operating Officer · appointmenteff. 2026-01-16
- Shailesh Jejurikar · member · departureeff. 2025-09-09
- Thomas Bartlett · Directors · departureeff. 2023-12-07
Latest filings
- 8-K · Company announcement2026-09-15
- 10-Q · Quarterly report2026-07-23
- 8-K · Company announcement2026-07-22
- 8-K · Company announcement2026-05-29
- 8-K · Company announcement2026-05-07
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Otis Worldwide Corp, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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