HIGHBuilt-inGeographic
71%
international operations
“10-K Item 1A: 'approximately 71% of our 2025 net sales derived from international operations'”
OTIS · Concentration risk · 10-K extracted
Otis Worldwide (OTIS) concentration risks
Updated
The most significant concentration Otis Worldwide discloses is international operations at 71%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Otis Worldwide’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inGeographic
China New Equipment
“10-K Item 1A: 'New Equipment net sales in China representing approximately one fifth of our global New Equipment net sales and over half of our global New Equipment unit volume'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is dominated by international geographic exposure, with China representing a distinct and meaningful component within that broader footprint. Approximately 71% of 2025 net sales were derived from international operations — a high-share, structural concentration by disclosed size. This reflects the inherently global nature of the elevator and escalator market: installation and service demand tracks commercial and residential construction activity worldwide, and the company's footprint spans many geographies. Currency translation, regional economic cycles, and country-specific construction trends are the primary risk channels through which this high international share affects reported results. Within the international footprint, the China new equipment market is a low-share structural exposure representing approximately one fifth of global New Equipment net sales and over half of global New Equipment unit volume, per the filing. The pipe-table presentation of China-specific revenue percentages constrains precise numerical citation, but the volume figure — over half of global New Equipment units — indicates that China accounts for a disproportionately large share of the unit-level business even if its revenue contribution relative to total net sales is smaller due to average selling prices. Slower construction activity or policy-driven demand adjustments in China can therefore affect unit volumes materially. Together, the profile presents a structurally global business with meaningful China exposure embedded within it. Monitoring international construction market conditions — particularly in China's new-build segment — alongside currency trends is the primary investor focus.
For the engine’s reasoning on OTIS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Industrial Machinery
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CMI | Cummins Inc. | 2 | 1 | 0 | 3 |
| AOS | A.O. Smith Corporation | 1 | 1 | 1 | 3 |
| OTIS● | Otis Worldwide Corporation | 1 | 0 | 1 | 2 |
| CR | Crane Company | 0 | 1 | 0 | 1 |
| AME | AMETEK, Inc. | 0 | 0 | 1 | 1 |
| BW | Babcock & Wilcox Enterprises, I | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.