TTM
30.4%
YoY change
+0.43pp
Trough year (2022)
28.6%
Peak year (2025)
30.3%
Latest annual
30.3%
Gross Margin history chart for Otis Worldwide (OTIS) from 2017 to 2025
Latest: 30.3%
Gross Margin change chart for Otis Worldwide (OTIS) from 2017 to 2025
Latest: +0.43pp
Gross Margin history table for Otis Worldwide (OTIS) from 2017 to 2025
| 2025 | 30.3% | +0.43pp | ||
| 2024 | 29.9% | +0.34pp | ||
| 2023 | 29.5% | +0.86pp | ||
| 2022 | 28.6% | -0.68pp | ||
| 2021 | 29.3% | -0.30pp | ||
| 2020 | 29.6% | +0.46pp | ||
| 2019 | 29.2% | +0.32pp | ||
| 2018 | 28.9% | -1.19pp | ||
| 2017 | 30.0% | — |
- 202530.3%+0.43pp
- 202429.9%+0.34pp
- 202329.5%+0.86pp
- 202228.6%-0.68pp
- 202129.3%-0.30pp
- 202029.6%+0.46pp
- 201929.2%+0.32pp
- 201828.9%-1.19pp
- 201730.0%—
Gross Margin values are taken from Otis Worldwide's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Otis Worldwide (OTIS)
According to Otis Worldwide's latest reported financial statements, the company's latest reported gross margin is 30.4%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Otis Worldwide (OTIS) most recent annual gross margin stands at 30.28% (2025) – expanded 0.4 percentage points year-over-year.
The record annual gross margin stands at 30.28%, reached in 2025; the historical low of 28.64% was recorded in 2022.
Otis Worldwide Gross Margin by Year
Otis Worldwide Gross Margin 2025: 30.3%
Otis Worldwide gross margin in 2025 was 30.28%, expanded 0.4 percentage points from 2024. This figure represents the highest annual value in the available history.
Otis Worldwide Gross Margin 2024: 29.9%
2024's gross margin for Otis Worldwide came in at 29.85%, expanded 0.3 percentage points from 2023.
Otis Worldwide Gross Margin 2023: 29.5%
Otis Worldwide posted gross margin of 29.51% in 2023, expanded 0.9 percentage points from 2022.
Otis Worldwide Gross Margin 2022: 28.6%
In 2022, Otis Worldwide reported gross margin of 28.64%, contracted 0.7 percentage points from 2021. This figure represents the lowest annual value in the available history.
Otis Worldwide Gross Margin 2021: 29.3%
Otis Worldwide gross margin in 2021 was 29.33%.
See more financial history for Otis Worldwide (OTIS).
Sector peers by Gross Margin
Industrials peers of Otis Worldwide (OTIS), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
Otis Worldwide (OTIS) Key Financials
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