Otis Worldwide Corp
NYSE:OTIS
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Otis Worldwide Corp
Gross Margin
Otis Worldwide Corp
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | US |
| Market Cap | 40.7B USD |
| Gross Margin |
30%
|
| Country | US |
| Market Cap | 90.6B USD |
| Gross Margin |
36%
|
| Country | US |
| Market Cap | 82B USD |
| Gross Margin |
44%
|
| Country | SE |
| Market Cap | 842.9B SEK |
| Gross Margin |
43%
|
| Country | JP |
| Market Cap | 7.6T JPY |
| Gross Margin |
20%
|
| Country | US |
| Market Cap | 42.2B USD |
| Gross Margin |
44%
|
| Country | CH |
| Market Cap | 27.1B CHF |
| Gross Margin |
22%
|
| Country | US |
| Market Cap | 30.4B USD |
| Gross Margin |
37%
|
| Country | US |
| Market Cap | 28.2B USD |
| Gross Margin |
38%
|
| Country | JP |
| Market Cap | 4.3T JPY |
| Gross Margin |
46%
|
| Country | US |
| Market Cap | 27.3B USD |
| Gross Margin |
60%
|
Otis Worldwide Corp
Glance View
Otis Worldwide Corporation, a leader in the global elevator and escalator industry, has a rich history that spans over 160 years, dating back to its founding by Elisha Otis in 1853. Known for its pioneering safety innovations, Otis revolutionized vertical transportation, making skyscrapers feasible and urban living more accessible. Today, the company operates in more than 200 countries, serving a broad customer base that includes residential, commercial, and industrial sectors. Its expansive product line encompasses elevators, escalators, and moving walkways, complemented by cutting-edge digital solutions that enhance operational efficiency and safety. With a focus on sustainability and modernization, Otis is well-positioned to benefit from the global trend toward urbanization and the increasing demand for smart building technology. For investors, Otis presents a compelling growth narrative grounded in its solid market position and strategic initiatives. The company has consistently demonstrated strong financial performance, driven by its robust service segment, which offers recurring revenue through maintenance contracts and upgrades. Otis's commitment to innovation, such as its advancements in predictive maintenance and IoT (Internet of Things) capabilities, underscores its competitive edge in the increasingly tech-driven landscape of building infrastructure. With a clear focus on expanding its digital footprint and enhancing customer experiences, Otis Worldwide not only stands out as a stalwart in the construction sector but also promises sustainable long-term growth, making it a valuable consideration for investors seeking stability and growth in a resilient market.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Otis Worldwide Corp's most recent financial statements, the company has Gross Margin of 29.9%.
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