Otis Worldwide Corp (OTIS)
About Otis Worldwide Corp
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.
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Financial summary
- Revenue FY2025
- $14.4B
- Net income
- $1.4B
- Total assets
- $10.7B
- Market cap
- $27.4B
Source: SEC EDGAR · updated Jun 7, 2026
15-minute delayed · data by Polygon.io
Past year · hover for prices
52-week range
- Market cap
- $27.4B
- Dividend yield
- 2.34%
- Shares outstanding
- 363.8M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Mar 18, 2020
Otis Worldwide Corp (OTIS) Stock Price
- Profitable — net income of $1.4B in FY2025.
- Trading 20% below its 52-week high.
- Pays a dividend yielding about 2.34% annually.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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Otis Worldwide Corp: frequently asked questions
Is Otis Worldwide Corp an American company?
Yes — Otis Worldwide Corp is an American company. Otis Worldwide Corp is incorporated in Delaware, United States and headquartered in Farmington, Connecticut. Its legal-entity record reports no foreign parent — the company is independently American-owned.
Where is Otis Worldwide Corp incorporated?
Otis Worldwide Corp is legally incorporated in Delaware, United States, according to its GLEIF legal-entity record.
Who owns Otis Worldwide Corp?
Otis Worldwide Corp reports no parent company in its legal-entity record — it is independently owned rather than a subsidiary.
Is Otis Worldwide Corp traded on a US stock exchange?
Yes — Otis Worldwide Corp trades under the ticker OTIS on the NYSE.
Where is Otis Worldwide Corp headquartered?
Otis Worldwide Corp is headquartered in Farmington, Connecticut, United States.
Is Otis Worldwide Corp publicly traded?
Yes — Otis Worldwide Corp is a publicly traded company. Its stock trades under the ticker symbol OTIS on the NYSE.
What does Otis Worldwide Corp do?
Otis Worldwide Corp is an American Electrical company in the Energy & Utilities sector.
When was Otis Worldwide Corp founded?
Otis Worldwide Corp was founded in 1853.
