Otis Worldwide (OTIS) Gross Margin (2019 - 2026)
Otis Worldwide (OTIS) posted quarterly Gross Margin of 29.52% for Q2 2026, down 92.0% year-over-year from 368.94% in Q2 2025, and down 2.99% quarter-over-quarter from 30.43% in Q1 2026.
Otis Worldwide (OTIS) Gross Margin (2019 - 2026) Analysis & Trends
Otis Worldwide (OTIS) has reported Gross Margin for 8 consecutive years, with 29.52% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 92.0% year-over-year to 29.52%; the TTM figure through Jun 2026 stood at 30.31% (up 6.0% YoY), while the FY2025 annual figure was 30.59%, up 54.0% from the prior year.
- Gross Margin eased to 29.52% in Q2 2026 per OTIS's latest filing, from 30.43% in the prior quarter.
- Across five years, Gross Margin topped out at 64.32% in Q1 2022 and bottomed at 73.22% in Q4 2022.
- Historically, Gross Margin has averaged 30.03% across 5 years, with a median of 30.45% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 13660 bps — and 2024, when it surged 9991 bps.
- Otis Worldwide's Gross Margin stood at 73.22% in 2022, then grew by 4 bps to 70.36% in 2023, then surged by 142 bps to 29.55% in 2024, then increased by 3 bps to 30.35% in 2025, then retreated by 3 bps to 29.52% in 2026.
- Business Quant data shows OTIS's Gross Margin at 29.52% in Q2 2026, 30.43% in Q1 2026, and 30.35% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 33.47% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 36.77% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 54.48% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 26.07% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 44.13% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 35.95% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 49.46% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 42.10% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 29.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.52% |
| Mar 31, 2026 | 30.43% |
| Dec 31, 2025 | 30.35% |
| Sep 30, 2025 | 30.98% |
| Jun 30, 2025 | 30.43% |
| Mar 31, 2025 | 30.60% |
| Dec 31, 2024 | 29.55% |
| Sep 30, 2024 | 30.47% |
| Jun 30, 2024 | 30.13% |
| Mar 31, 2024 | 30.06% |
| Dec 31, 2023 | -70.36% |
| Sep 30, 2023 | 63.61% |
| Jun 30, 2023 | 64.30% |
| Mar 31, 2023 | 62.58% |
| Dec 31, 2022 | -73.22% |
| Sep 30, 2022 | 63.88% |
| Jun 30, 2022 | 62.99% |
| Mar 31, 2022 | 64.32% |
| Dec 31, 2021 | 63.38% |
| Sep 30, 2021 | 61.85% |