Otis Worldwide Gross Profit 2019-2024 | OTIS

Otis Worldwide annual/quarterly gross profit history and growth rate from 2019 to 2024. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services.
  • Otis Worldwide gross profit for the quarter ending September 30, 2024 was $1.078B, a 3.06% increase year-over-year.
  • Otis Worldwide gross profit for the twelve months ending September 30, 2024 was $4.253B, a 4.11% increase year-over-year.
  • Otis Worldwide annual gross profit for 2023 was $4.193B, a 6.96% increase from 2022.
  • Otis Worldwide annual gross profit for 2022 was $3.92B, a 6.51% decline from 2021.
  • Otis Worldwide annual gross profit for 2021 was $4.193B, a 10.96% increase from 2020.
Otis Worldwide Annual Gross Profit
(Millions of US $)
2023 $4,193
2022 $3,920
2021 $4,193
2020 $3,779
2019 $3,826
2018 $3,726
Otis Worldwide Quarterly Gross Profit
(Millions of US $)
2024-09-30 $1,078
2024-06-30 $1,079
2024-03-31 $1,028
2023-12-31 $1,068
2023-09-30 $1,046
2023-06-30 $1,083
2023-03-31 $996
2022-12-31 $960
2022-09-30 $971
2022-06-30 $983
2022-03-31 $1,006
2021-12-31 $1,039
2021-09-30 $1,060
2021-06-30 $1,075
2021-03-31 $1,019
2020-12-31 $1,012
2020-09-30 $979
2020-06-30 $891
2020-03-31 $897
2019-12-31 $966
2019-09-30 $975
2019-06-30 $984
2019-03-31 $901
2018-12-31
Sector Industry Market Cap Revenue
Construction Building & Construction Products - Misc. $39.926B $14.209B
Otis Worldwide Corp. is one of the leading elevator and escalator manufacturing, installation and service provider to commercial, housing associations, government associations, etc. Otis has expanded business in multiple countries across the world in more than 1,400 branches and offices. Raytheon Technologies Corp. completed the tax-free spin-off of Otis Worldwide Corp and Carrier Global Corp. It has 2 reporting segments: New Equipment & Service. The New Equipment segment manufactures, sells and installs a wide range of passenger and freight elevators, escalators and moving walkways for residential, commercial and infrastructure projects. It has developed a range of elevator and escalator solutions, including Gen360 elevator & Gen2 system. The Service segment performs maintenance & repair and modernization services to upgrade elevators, and escalators. It has a maintenance portfolio of more than 2 million units throughout the globe. Otis provides maintenance services to other manufacturers.
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