Otis Worldwide Corp

Otis manufactures, installs, and services elevators, escalators, and moving walkways across commercial, residential, and infrastructure sectors. Its business operates through two primary segments: New Equipment and Service. In the New Equipment segment, the company designs and installs passenger and freight conveyance systems, delivering products to real estate developers, contractors, and public agencies building transit hubs such as railways, metros, and airports. The Service segment provides maintenance, inspection, repair, and modernization solutions for building owners, facility managers, housing associations, and government entities operating existing buildings.

The company maintains a global footprint, serving customers across more than 200 countries and territories. Otis has direct operations in more than 70 countries and operates over 1,400 branches and offices globally, supported by 16 manufacturing plants and 11 research and development facilities across major markets. Its service portfolio covers approximately 2.5 million units worldwide. The company is incorporated in Delaware, United States, and conducts its business internationally through direct operations, subsidiaries, and joint ventures.

Summary of the business section of Otis Worldwide's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of December 31, 2025, our global workforce consists of approximately 72,000 colleagues (including approximately 45,000 field professionals), with 45% in Asia, 34% in Europe, the Middle East and Africa ("EMEA") and 21% in the Americas.”