Otis Worldwide Gross Margin 2019-2024 | OTIS

Otis Worldwide gross margin for the quarter ending September 30, 2024 was 29.94%.

  • Otis Worldwide average gross margin for 2023 was 29.08%, a 0.41% increase from 2022.
  • Otis Worldwide average gross margin for 2022 was 28.96%, a 1.53% increase from 2021.
  • Otis Worldwide average gross margin for 2021 was 29.41%, a 0.41% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.

Otis Worldwide Gross Margin 2019-2024 | OTIS

  • Otis Worldwide average gross margin for 2023 was 29.08%, a 0.41% increase from 2022.
  • Otis Worldwide average gross margin for 2022 was 28.96%, a 1.53% increase from 2021.
  • Otis Worldwide average gross margin for 2021 was 29.41%, a 0.41% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.
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