OTIS vs. TT: Otis Worldwide vs. Trane Technologies Stock Comparison

November 11, 2026

How do Otis Worldwide (OTIS) and Trane Technologies (TT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Otis Worldwide (OTIS) and Trane Technologies (TT) both fall under the Capital Goods industry group, but OTIS is classified in Machinery while TT is classified in Building Products.

Trane Technologies (TT) has more than two decades of public-market history since March 17, 1980, whereas Otis Worldwide (OTIS) listed on March 19, 2020 and has a much shorter record to draw on.

Company profile comparison for Otis Worldwide (OTIS) and Trane Technologies (TT)
Profile Item	OTIS	TT
Name	Otis Worldwide Corporation	Trane Technologies plc
Country/Region	United States	Ireland
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Building Products
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Building Products
Market Capitalization	30.06 billion USD	87.94 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 19, 2020	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

OTIS

GSPC

Otis Worldwide (OTIS) vs. Trane Technologies (TT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Otis Worldwide (OTIS) and Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Otis Worldwide (OTIS) and Trane Technologies (TT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Otis Worldwide (OTIS) and Trane Technologies (TT)
Metric	OTIS	TT
Total Return (1Y)	-10.81%	-2.56%
Total Return (3Y, Annualized)	1.33%	25.06%
Total Return (5Y, Annualized)	0.66%	18.70%

Risk Profile

Drawdown History

OTIS

GSPC

Otis Worldwide (OTIS) vs. Trane Technologies (TT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Otis Worldwide (OTIS) and Trane Technologies (TT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Otis Worldwide (OTIS) and Trane Technologies (TT)
Metric	OTIS	TT
Volatility (1Y, Annualized)	23.24%	30.26%
Beta (5Y)	0.85	1.18
Max Drawdown (5Y)	-37.22%	-39.76%
Avg. Volume (3M)	4.42M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

OTIS and TT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Otis Worldwide (OTIS) and Trane Technologies (TT)
Metric	OTIS	TT
Sharpe Ratio (1Y)	-0.65	-0.23
Sortino Ratio (1Y)	-0.92	-0.31

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Trane Technologies (TT) earns 36.94% on shareholders’ equity, ranked against its industry; Otis Worldwide (OTIS) has no ROE this period.

OTIS

Capital Goods industry group

Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%
OTIS: --

TT

Capital Goods industry group

36.94%

Max: 40.55%
TT: 36.94%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Otis Worldwide (OTIS) vs. Trane Technologies (TT): OTIS does not report ROE, so it has no value marker; TT is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Trane Technologies (TT) at 13.56% retains a top-quartile share of revenue as profit, ahead of Otis Worldwide (OTIS) at 10.28%, which keeps about the industry-typical share.

OTIS

Capital Goods industry group

10.28%

Max: 27.47%
Q3: 12.10%
OTIS: 10.28%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

TT

Capital Goods industry group

13.56%

Max: 27.47%
TT: 13.56%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Trane Technologies (TT) at 19.85% operates in the top operating margin quartile, ahead of Otis Worldwide (OTIS) at 15.97%, which runs around its industry’s norm.

OTIS

Capital Goods industry group

15.97%

Max: 36.60%
Q3: 18.33%
OTIS: 15.97%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

TT

Capital Goods industry group

19.85%

Max: 36.60%
TT: 19.85%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Otis Worldwide (OTIS) and Trane Technologies (TT)
Metric	OTIS	TT
ROE (TTM)	--	36.94%
ROA (TTM)	13.26%	11.42%
Net Margin (TTM)	10.28%	13.56%
Operating Margin (TTM)	15.97%	19.85%
Gross Margin (TTM)	29.95%	34.99%

Growth

Revenue Growth

Trane Technologies (TT) at 7.48% is around its peer norm for revenue growth, while Otis Worldwide (OTIS) at 1.19% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Otis Worldwide (OTIS) at -14.00% and Trane Technologies (TT) at 15.48% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Otis Worldwide (OTIS) and Trane Technologies (TT)
Metric	OTIS	TT
Revenue Growth (YoY)	1.19%	7.48%
Revenue Growth (3Y CAGR)	1.79%	10.06%
EPS Growth (YoY)	-14.00%	15.48%
EPS Growth (3Y CAGR)	5.74%	20.17%

Financial Strength

Current Ratio (MRQ)

Both Otis Worldwide (OTIS) at 0.86 and Trane Technologies (TT) at 1.12 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

OTIS

Capital Goods industry group

0.86

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
OTIS: 0.86
Min: 0.36

TT

Capital Goods industry group

1.12

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
TT: 1.12
Min: 0.36

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Trane Technologies (TT) carries debt-to-equity ratio of 0.46 against its industry range, while Otis Worldwide (OTIS) reports no figure this period.

OTIS

Capital Goods industry group

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00
OTIS: --

TT

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
TT: 0.46
Q1: 0.29
Min: 0.00

Otis Worldwide (OTIS) vs. Trane Technologies (TT): OTIS does not report debt-to-equity ratio, so it has no value marker; TT is benchmarked against the Capital Goods industry group.

Financial Strength Metrics

Financial strength metrics for Otis Worldwide (OTIS) and Trane Technologies (TT)
Metric	OTIS	TT
Current Ratio (MRQ)	0.86	1.12
Debt / Equity (MRQ)	--	0.46
Net Debt / EBITDA	3.12	0.66

Dividends

Dividend Yield (TTM)

Otis Worldwide (OTIS) at 2.16% delivers top-quartile income for its industry, while Trane Technologies (TT) at 1.04% pays a more typical yield — both are credible income propositions, OTIS the richer one.

OTIS

Capital Goods industry group

2.16%

Max: 2.66%
OTIS: 2.16%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

TT

Capital Goods industry group

1.04%

Max: 2.66%
Q3: 1.14%
TT: 1.04%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Otis Worldwide (OTIS) at 42.79% and Trane Technologies (TT) at 28.42% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

OTIS

Capital Goods industry group

42.79%

Max: 67.39%
OTIS: 42.79%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

TT

Capital Goods industry group

28.42%

Max: 67.39%
TT: 28.42%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Otis Worldwide (OTIS) and Trane Technologies (TT)
Metric	OTIS	TT
Dividend Yield (TTM)	2.16%	1.04%
Dividend Payout Ratio (TTM)	42.79%	28.42%

Valuation

P/E Ratio (TTM)

Both Otis Worldwide (OTIS) at 19.64 and Trane Technologies (TT) at 27.92 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

OTIS

Capital Goods industry group

19.64

Max: 59.38
Q3: 35.92
Median: 25.41
OTIS: 19.64
Q1: 19.47
Min: 3.03

TT

Capital Goods industry group

27.92

Max: 59.38
Q3: 35.92
TT: 27.92
Median: 25.41
Q1: 19.47
Min: 3.03

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Otis Worldwide (OTIS) at 1.99 is priced about in line with its industry on P/S ratio, while Trane Technologies (TT) at 3.79 sits in the pricier quartile — TT costs more per dollar of sales.

OTIS

Capital Goods industry group

1.99

Max: 7.54
Q3: 3.76
Median: 2.15
OTIS: 1.99
Q1: 1.03
Min: 0.03

TT

Capital Goods industry group

3.79

Max: 7.54
TT: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Otis Worldwide (OTIS) reports a negative P/B ratio of -5.54, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Trane Technologies (TT) reports 9.66, ranking against industry peers normally.

OTIS

Capital Goods industry group

-5.54

Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08
OTIS: -5.54

TT

Capital Goods industry group

9.66

TT: 9.66
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Otis Worldwide (OTIS) vs. Trane Technologies (TT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Otis Worldwide (OTIS) and Trane Technologies (TT)
Metric	OTIS	TT
P/E Ratio (TTM)	19.64	27.92
P/S Ratio (TTM)	1.99	3.79
P/B Ratio (MRQ)	-5.54	9.66
Free Cash Flow Yield (TTM)	4.61%	3.94%