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 December 31, 2024 was $1.072B, a 0.37% increase year-over-year.
- Otis Worldwide gross profit for the twelve months ending December 31, 2024 was $4.257B, a 1.53% increase year-over-year.
- Otis Worldwide annual gross profit for 2024 was $4.257B, a 1.53% increase from 2023.
- 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
(Millions of US $) |
| 2024 |
$4,257 |
| 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 $) |
| 2024-12-31 |
$1,072 |
| 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. |
$37.809B |
$14.261B |
|
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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