Gross Profit for Otis Worldwide (OTIS)
According to Otis Worldwide's latest reported financial statements, the company's current gross profit (TTM) is $4.45B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
OTIS
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$4.45B
YoY change
+2.7%
5Y CAGR
+2.9%
Peak year (2025)
$4.37B
Cumulative gross profit
$35.97B
Gross Profit history chart for Otis Worldwide (OTIS) from 2017 to 2025
Gross Profit history table for Otis Worldwide (OTIS) from 2017 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $4.37B | +2.7% | ||
| 2024 | $4.26B | +1.5% | ||
| 2023 | $4.19B | +7.0% | ||
| 2022 | $3.92B | -6.5% | ||
| 2021 | $4.19B | +11.0% | ||
| 2020 | $3.78B | -1.2% | ||
| 2019 | $3.83B | +2.7% | ||
| 2018 | $3.73B | +0.6% | ||
| 2017 | $3.70B | — |
Gross Profit values are taken from Otis Worldwide's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual gross profit for Otis Worldwide (OTIS) came in at $4.37B – edged up 2.7% year-over-year.
Over 2020–2025 (5 years), Otis Worldwide gross profit expanded at a +2.9% compound annual rate, sustaining 3 straight years of year-over-year growth.
2025 marks the peak gross profit at $4.37B, with the historical low of $3.70B recorded in 2017.
Within Industrials, Otis Worldwide (OTIS) ranks 8th among 8 peers we track. The peer median for gross profit is $15.42B.
Otis Worldwide Gross Profit by Year
Otis Worldwide Gross Profit 2025: $4.37B
Otis Worldwide gross profit in 2025 was $4.37B, edged up 2.7% from 2024. This figure represents the highest annual value in the available history.
Otis Worldwide Gross Profit 2024: $4.26B
Otis Worldwide gross profit in 2024 was $4.26B, edged up 1.5% from 2023.
Otis Worldwide Gross Profit 2023: $4.19B
Otis Worldwide gross profit in 2023 was $4.19B, grew 7.0% from 2022.
Otis Worldwide Gross Profit 2022: $3.92B
Otis Worldwide gross profit in 2022 was $3.92B, declined 6.5% below 2021.
Otis Worldwide Gross Profit 2021: $4.19B
Otis Worldwide gross profit in 2021 was $4.19B.
See more financial history for Otis Worldwide (OTIS).
Sector peers — Gross Profit
Companies in the same sector as Otis Worldwide, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $21.86B | Industrials |
| RTX Corporation (RTX) | $17.79B | Industrials |
| GE Aerospace (GE) | $16.89B | Industrials |
| Deere & Company (DE) | $16.30B | Industrials |
| Union Pacific Corporation (UNP) | $14.55B | Industrials |
| Honeywell International Inc. (HON) | $13.83B | Industrials |
| Eaton Corporation plc (ETN) | $10.32B | Industrials |
| The Boeing Company (BA) | $4.29B | Industrials |
Frequently asked questions
What is Otis Worldwide's gross profit?
- Latest reported gross profit for Otis Worldwide (OTIS) is $4.45B (period ending March 31, 2026).
How has Otis Worldwide gross profit changed year-over-year?
- Otis Worldwide (OTIS) gross profit changed +2.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Otis Worldwide gross profit?
- Otis Worldwide (OTIS) gross profit compound annual growth rate is +2.9% over the most recent 5 years available.
When did Otis Worldwide gross profit hit its highest annual value?
- Otis Worldwide gross profit reached its highest annual value of $4.37B in 2025.
What was Otis Worldwide gross profit in 2024?
- Otis Worldwide (OTIS) gross profit in 2024 was $4.26B.
What was Otis Worldwide gross profit in 2025?
- Otis Worldwide (OTIS) gross profit in 2025 was $4.37B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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