simplyStocks
Otis Worldwide
OTIS · NYSEIndustrials — Building Equipment
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
—
Company details
Market cap
~$27B
P/E ratio
~25×
Div yield
~2.5%
Adj. EPS
~$4.05
Revenue
~$14.4B
Maintenance units
~2.5M
Service share of profit
~91%
Rev. growth
~flat
In plain English
Otis is the world's largest maker of elevators and escalators — but the real business is the 'Service flywheel': every machine it installs becomes a 15-to-50-year maintenance contract. Two-thirds of sales and almost all of the profit now come from servicing a portfolio of ~2.5 million units, not from selling new ones. Spun out of United Technologies in 2020, it sells new equipment at thin margins to grow the recurring base it can later maintain and modernise.
In simple terms
What Otis Worldwide really sells
Otis is the world's largest maker of elevators and escalators — but the real business is the 'Service flywheel': every machine it installs becomes a 15-to-50-year maintenance contract. Two-thirds of sales and almost all of the profit now come from servicing a portfolio of ~2.5 million units, not from selling new ones. Spun out of United Technologies in 2020, it sells new equipment at thin margins to grow the recurring base it can later maintain and modernise.
Tip · Click any company in the map to learn — in one sentence — what it actually does and why it matters.
Risk read
SteadierMore speculative
Why this rating?