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Farmington, Connecticut-based Otis Worldwide Corporation (OTIS) engages in manufacturing, installation, and servicing of elevators and escalators in the US, China and internationally. With a market cap of $38.4 billion, Otis Worldwide operates through New Equipment and Service segments.
The industrial sector giant has notably underperformed the broader market over the past year. OTIS stock has gained 8.8% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) 23.5% surge during the same time frame. However, in 2025, OTIS has soared 5.8%, outpacing SPX’s 4% gains on a YTD basis.