Otis Worldwide Research and Development Expenses 2019-2025 | OTIS
Otis Worldwide annual/quarterly research and development expenses history and growth rate from 2019 to 2025. Research and development expenses can be defined as an expense arising from studies and product development processes.
- Otis Worldwide research and development expenses for the quarter ending March 31, 2025 were $37M, a 2.78% increase year-over-year.
- Otis Worldwide research and development expenses for the twelve months ending March 31, 2025 were $153M, a 5.52% increase year-over-year.
- Otis Worldwide annual research and development expenses for 2024 were $0.152B, a 5.56% increase from 2023.
- Otis Worldwide annual research and development expenses for 2023 were $0.144B, a 4% decline from 2022.
- Otis Worldwide annual research and development expenses for 2022 were $0.15B, a 5.66% decline from 2021.
| Otis Worldwide Annual Research and Development Expenses (Millions of US $) |
|
|---|---|
| 2024 | $152 |
| 2023 | $144 |
| 2022 | $150 |
| 2021 | $159 |
| 2020 | $152 |
| 2019 | $163 |
| 2018 | $181 |
| Otis Worldwide Quarterly Research and Development Expenses (Millions of US $) |
|
|---|---|
| 2025-03-31 | $37 |
| 2024-12-31 | $37 |
| 2024-09-30 | $40 |
| 2024-06-30 | $39 |
| 2024-03-31 | $36 |
| 2023-12-31 | $37 |
| 2023-09-30 | $36 |
| 2023-06-30 | $36 |
| 2023-03-31 | $35 |
| 2022-12-31 | $38 |
| 2022-09-30 | $37 |
| 2022-06-30 | $38 |
| 2022-03-31 | $37 |
| 2021-12-31 | $46 |
| 2021-09-30 | $39 |
| 2021-06-30 | $39 |
| 2021-03-31 | $35 |
| 2020-12-31 | $40 |
| 2020-09-30 | $37 |
| 2020-06-30 | $37 |
| 2020-03-31 | $38 |
| 2019-12-31 | $45 |
| 2019-09-30 | $39 |
| 2019-06-30 | $40 |
| 2019-03-31 | $39 |
| 2018-12-31 | |
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Industrial Products | General Industrial Machinery | $37.632B | $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. | |||
| Stock Name | Country | Market Cap | PE Ratio |
|---|---|---|---|
| Parker-Hannifin (PH) | United States | $83.338B | 24.67 |
| Mitsubishi Heavy Industries (MHVYF) | Japan | $83.144B | 51.34 |
| Atlas Copco AB (ATLKY) | Sweden | $76.977B | 27.70 |
| Illinois Tool Works (ITW) | United States | $70.666B | 23.86 |
| Ferguson (FERG) | United States | $41.753B | 22.41 |
| Ingersoll Rand (IR) | United States | $32.535B | 26.01 |
| Epiroc Aktiebolag (EPOKY) | Sweden | $24.707B | 29.67 |
| Dover (DOV) | United States | $24.141B | 19.83 |
| Trimble (TRMB) | United States | $17.121B | 31.75 |
| IHI CORP (IHICY) | Japan | $17.013B | 22.85 |
| Graco (GGG) | United States | $13.972B | 29.65 |
| IDEX (IEX) | United States | $13.295B | 22.71 |
| Kawasaki Heavy Industries (KWHIY) | Japan | $12.334B | 21.34 |
| Nordson (NDSN) | United States | $12.100B | 22.14 |
| GEA Group AG (GEAGF) | Germany | $11.891B | 0.00 |
| Spirax Group (SPXSY) | United Kingdom | $11.727B | 0.00 |
| RBC Bearings (RBC) | United States | $11.529B | 39.64 |
| Regal Rexnord (RRX) | United States | $9.219B | 14.99 |
| Applied Industrial Technologies (AIT) | United States | $8.576B | 22.61 |
| Middleby (MIDD) | United States | $7.560B | 14.56 |
| Generac Holdings (GNRC) | United States | $7.327B | 16.19 |
| Chart Industries (GTLS) | United States | $6.558B | 16.16 |
| Flowserve (FLS) | United States | $6.067B | 16.75 |
| Gates Industrial (GTES) | United States | $5.599B | 16.45 |
| Japan Steel Works (JPSWY) | Japan | $4.316B | 35.37 |
| Kadant Inc (KAI) | United States | $3.658B | 31.07 |
| ATS (ATS) | Canada | $3.010B | 29.08 |
| SUMITOMO HEAVY (SOHVY) | Japan | $2.490B | 13.63 |
| Standex (SXI) | United States | $1.844B | 20.84 |
| DNOW (DNOW) | United States | $1.636B | 16.67 |
| Xometry (XMTR) | United States | $1.574B | 0.00 |
| Tennant (TNC) | United States | $1.397B | 12.78 |
| DXP Enterprises (DXPE) | United States | $1.229B | 15.39 |
| Helios Technologies (HLIO) | United States | $1.088B | 16.32 |
| Gorman-Rupp (GRC) | United States | $0.928B | 18.48 |
| Graham (GHM) | United States | $0.506B | 37.00 |
| Luxfer Holdings (LXFR) | United States | $0.315B | 12.16 |
| Paul Mueller (MUEL) | United States | $0.285B | 9.51 |
| ZJK Industrial (ZJK) | China | $0.230B | 0.00 |
| Alta Equipment Group (ALTG) | United States | $0.201B | 0.00 |
| Crawford United (CRAWA) | United States | $0.172B | 12.52 |
| China High Speed Transmission Equipment Group (CHSTY) | China | $0.147B | 0.00 |
| Ascent Industries (ACNT) | United States | $0.124B | 0.00 |
| Taylor Devices (TAYD) | United States | $0.117B | 14.92 |
| Twin Disc (TWIN) | United States | $0.111B | 97.75 |
| HUHUTECH Group (HUHU) | China | $0.105B | 0.00 |
| Burnham Holdings (BURCA) | United States | $0.080B | 7.65 |
| PyroGenesis (PYRGF) | Canada | $0.065B | 0.00 |
| Broadwind Energy (BWEN) | United States | $0.041B | 0.00 |
| CVD Equipment (CVV) | United States | $0.021B | 0.00 |