Otis Worldwide (OTIS) Gross Margin (2019 - 2026)
Otis Worldwide (OTIS) reported Gross Margin of 73.14% for Q1 2026, up 1382.0% year-over-year from 4.93% in Q1 2025, and up 244.29% quarter-over-quarter from 50.68% in Q4 2025.
Otis Worldwide (OTIS) Gross Margin (2019 - 2026) Analysis & Trends
Otis Worldwide (OTIS) has 8 years of Gross Margin data on file, last reported at 73.14% in Q1 2026.
- Gross Margin for Q1 2026 came in at 73.14%, up 1382.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 39.97% (down 1444.0% YoY), and the FY2025 annual result was 30.59%, down 3061.0% from the prior year.
- Gross Margin climbed to 73.14% in Q1 2026 per OTIS's latest filing, from 50.68% in the prior quarter.
- Over five years, Gross Margin peaked at 73.14% in Q1 2026 and troughed at 76.49% in Q4 2023.
- A 5-year average of 48.42% and a median of 64.81% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 14177 bps in 2023, then surged 13668 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 65.28% in 2022, then sank by 217 bps to 76.49% in 2023, then jumped by 179 bps to 60.19% in 2024, then plunged by 184 bps to 50.68% in 2025, then surged by 244 bps to 73.14% in 2026.
- Business Quant data shows OTIS's Gross Margin at 73.14% in Q1 2026, 50.68% in Q4 2025, and 71.46% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 299.46 Bn | 290.43 Bn | 1.78 Bn | 19.07% |
| 2 | Eaton | 164.06 Bn | 163.35 Bn | 2.65 Bn | 35.59% |
| 3 | Parker-Hannifin | 120.65 Bn | 120.18 Bn | 2.02 Bn | 36.77% |
| 4 | Cummins | 98.98 Bn | 96.25 Bn | 2.24 Bn | 26.71% |
| 5 | Emerson Electric | 84.75 Bn | 82.97 Bn | 2.42 Bn | 53.09% |
| 6 | Illinois Tool Works | 76.17 Bn | 75.34 Bn | 1.76 Bn | 43.82% |
| 7 | Ametek | 54.28 Bn | 53.79 Bn | 717.56 Mn | 37.21% |
| 8 | Rockwell Automation | 53.18 Bn | 52.81 Bn | 1.13 Bn | 50.25% |
| 9 | Ingersoll Rand | 30.53 Bn | 29.32 Bn | 792.40 Mn | 42.90% |
| 10 | Otis Worldwide | 28.43 Bn | 27.67 Bn | 2.61 Bn | 73.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 73.14% |
| Dec 31, 2025 | -50.68% |
| Sep 30, 2025 | 71.46% |
| Jun 30, 2025 | 70.49% |
| Mar 31, 2025 | 59.31% |
| Dec 31, 2024 | 60.19% |
| Sep 30, 2024 | 30.47% |
| Jun 30, 2024 | 67.56% |
| Mar 31, 2024 | 60.95% |
| Dec 31, 2023 | -76.49% |
| Sep 30, 2023 | 66.08% |
| Jun 30, 2023 | 64.81% |
| Mar 31, 2023 | 67.18% |
| Dec 31, 2022 | 65.28% |
| Sep 30, 2022 | 63.88% |
| Jun 30, 2022 | 65.19% |
| Mar 31, 2022 | 64.32% |
| Dec 31, 2021 | 52.26% |
| Sep 30, 2021 | 67.43% |
| Jun 30, 2021 | 67.36% |