Otis Worldwide Net Change in Property, Plant, and Equipment 2019-2025 | OTIS
Otis Worldwide annual/quarterly net change in property, plant, and equipment history and growth rate from 2019 to 2025. Net change in property, plant, and equipment can be defined as the overall change in capital expenditures and sales of plant, property and equipment. This field is used if a company does not report separately sales and purchases of plant, property and equipment or is calculated as the sum of purchases and sales of PP&E
- Otis Worldwide net change in property, plant, and equipment for the quarter ending March 31, 2025 was $-34M, a 9.68% increase year-over-year.
- Otis Worldwide net change in property, plant, and equipment for the twelve months ending March 31, 2025 was $-0.302B, a 7.65% decline year-over-year.
- Otis Worldwide annual net change in property, plant, and equipment for 2024 was $-0.126B, a 8.7% decline from 2023.
- Otis Worldwide annual net change in property, plant, and equipment for 2023 was $-0.138B, a 20% increase from 2022.
- Otis Worldwide annual net change in property, plant, and equipment for 2022 was $-0.115B, a 26.28% decline from 2021.
Otis Worldwide Annual Net Change in Property, Plant, and Equipment (Millions of US $) |
2024 |
$-126 |
2023 |
$-138 |
2022 |
$-115 |
2021 |
$-156 |
2020 |
$-183 |
2019 |
$-145 |
2018 |
$-172 |
Sector |
Industry |
Market Cap |
Revenue |
Industrial Products |
General Industrial Machinery |
$38.891B |
$14.261B |
Otis Worldwide Corp. is one of the leading elevator and escalator manufacturing, installation and service provider to commercial, housing associations, government associations, etc. Otis has expanded business in multiple countries across the world in more than 1,400 branches and offices. Raytheon Technologies Corp. completed the tax-free spin-off of Otis Worldwide Corp and Carrier Global Corp. It has 2 reporting segments: New Equipment & Service. The New Equipment segment manufactures, sells and installs a wide range of passenger and freight elevators, escalators and moving walkways for residential, commercial and infrastructure projects. It has developed a range of elevator and escalator solutions, including Gen360 elevator & Gen2 system. The Service segment performs maintenance & repair and modernization services to upgrade elevators, and escalators. It has a maintenance portfolio of more than 2 million units throughout the globe. Otis provides maintenance services to other manufacturers.
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