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REZI

Resideo Technologies, Inc.

REZI

Resideo Technologies, Inc. • NYSE
$32.98 ▼ -0.12% (-0.04)
Market Cap $4.89 B
52w High $45.29
52w Low $14.18
Dividend Yield 0%
P/E -7.26
Volume 685.00K
Outstanding Shares 148.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.864B ▼ $368M ▼ $156M ▲ 8.369% ▲ $0.88 ▲ $197M ▲
Q2-2025 $1.943B ▲ $392M ▲ $-825M ▼ -42.46% ▼ $-5.59 ▼ $-665M ▼
Q1-2025 $1.77B ▼ $375M ▼ $6M ▼ 0.339% ▼ $-0.02 ▼ $87M ▼
Q4-2024 $1.858B ▲ $386M ▼ $23M ▲ 1.238% ▲ $0.08 ▲ $117M
Q3-2024 $1.828B $398M $20M 1.094% $0.075 $117M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $345M ▼ $8.188B ▼ $5.417B ▼ $2.771B ▲
Q2-2025 $753M ▲ $8.515B ▲ $5.901B ▲ $2.614B ▼
Q1-2025 $577M ▼ $8.074B ▼ $4.727B ▼ $3.347B ▲
Q4-2024 $692M ▲ $8.199B ▲ $4.89B ▲ $3.309B ▼
Q3-2024 $531M $8.135B $4.781B $3.354B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $156M ▲ $-1.571B ▼ $-28M ▼ $1.192B ▲ $-407M ▼ $-1.599B ▼
Q2-2025 $-825M ▼ $200M ▲ $-20M ▲ $-11M ▲ $176M ▲ $180M ▲
Q1-2025 $6M ▼ $-65M ▼ $-31M ▼ $-22M ▼ $-115M ▼ $-96M ▼
Q4-2024 $23M ▲ $203M ▲ $-23M ▼ $-12M ▼ $161M ▲ $181M ▲
Q3-2024 $20M $147M $-22M $-9M $118M $125M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Products And Solutions Segment
Products And Solutions Segment
 $670.00M ▲$650.00M ▼$1.31Bn ▲$1.98Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Resideo has grown its sales steadily over the last five years, showing that demand for its products and services is healthy. Gross profit has also moved up over time, which suggests the core business remains sound. However, profitability has weakened in the last couple of years. Operating profit and cash-based profit peaked around 2022 and have since slipped, and net income and earnings per share have fallen more sharply. This points to pressure from higher costs, interest, integration expenses, or mix shifts. In simple terms: the company is selling more, but turning less of those sales into bottom-line profit than it did at its recent peak. The key income-statement question going forward is whether Resideo can stabilize and then rebuild its margins while continuing to grow revenue.

Balance Sheet

Balance Sheet The balance sheet has grown meaningfully, with total assets and shareholders’ equity increasing over time. That reflects a larger, more built-out business platform, helped by acquisitions and investment. At the same time, debt has risen noticeably. While equity has also grown, the company is now more leveraged than it was a few years ago. Cash balances are generally adequate and higher than some past years, but not enough on their own to offset the increased use of debt. Overall, the balance sheet looks stronger in terms of scale and equity base, but carries more financial risk than before because of the higher debt load. How well the company uses that borrowing to generate higher and more stable profits will be important to watch.

Cash Flow

Cash Flow Resideo’s cash generation is a relative bright spot. Operating cash flow has been consistently positive and has improved compared with the early part of the period. Free cash flow has also been positive every year and has grown over time, even in years when reported net income was under pressure. Capital spending has been disciplined and relatively modest, leaving room for debt reduction, acquisitions, or other uses of cash. The fact that cash flow has been more stable than accounting earnings suggests that some of the recent earnings volatility may be driven by non-cash items or short-term working capital movements. In short, the business appears to convert a reasonable share of its sales into cash, providing some cushion against earnings swings and higher leverage.

Competitive Edge

Competitive Edge Resideo benefits from several durable advantages. It carries well-known and trusted brands like Honeywell Home and First Alert, which matter in safety, comfort, and security products where reliability is critical. Its product portfolio spans thermostats, air and water monitoring, and security systems, giving it a broad presence across the connected home. A key edge is its ADI distribution arm and its deep relationships with professional installers. Having a large global distribution network and a very wide installer base makes it harder for new entrants to displace Resideo in the professional channel. Training programs, tools, and loyalty initiatives further reinforce this ecosystem. That said, the company operates in intensely competitive markets, facing both traditional security providers and big technology and consumer brands pushing into smart home devices and services. The announced spin-off of ADI will also reshape its competitive profile and could either sharpen or weaken its advantages depending on how execution plays out.

Innovation and R&D

Innovation and R&D Resideo appears to be leaning into innovation to defend and extend its position. It is adding artificial intelligence to security cameras to improve event detection, integrating with modern smart home standards like Matter to ensure devices work across ecosystems, and building software platforms like Pro-IQ that help professionals monitor and manage systems remotely. The company is also experimenting at the edges of home energy and water management, such as exploring how electric vehicle batteries could support home power and integrating advanced water leak and usage technology. These moves shift the business from one-time hardware sales toward more connected services and data-enabled solutions. The main risk is that the smart home and security landscape is evolving quickly, with strong competitors investing heavily. Resideo’s ability to keep its products attractive, interoperable, and easy for professionals to deploy will be crucial for maintaining its technology edge.

Summary

Overall, Resideo shows the profile of a mature, expanding platform with both strengths and challenges. On the plus side, revenue and gross profit have grown, cash flow is consistently positive, brands and channels are strong, and the company is actively investing in modern smart home, AI, and connected services capabilities. Its installer relationships and distribution reach give it a moat that many newer entrants lack. On the risk side, profitability has softened in recent years, leverage has increased, and the company operates in a crowded and fast-changing market. The planned separation of ADI will be a major strategic turning point, affecting growth, margins, and the nature of its competitive advantage. The key things to monitor are: whether margins recover as the business scales and integrates acquisitions; how effectively new AI and smart home offerings gain traction; and how smoothly and value-creating the ADI spin-off is executed.

NEWS

November 12, 2025 · 4:05 PM UTC

Resideo To Participate at Upcoming Investor Events

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November 5, 2025 · 4:05 PM UTC

Resideo Announces Third Quarter 2025 Financial Results

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October 22, 2025 · 4:05 PM UTC

Resideo To Participate at Upcoming Investor Conferences

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October 15, 2025 · 5:06 PM UTC

Resideo To Release Third Quarter 2025 Financial Results on November 5, 2025

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September 25, 2025 · 5:00 PM UTC

REZI Investors Have Opportunity to Join Resideo Technologies, Inc. Fraud Investigation with the Schall Law Firm

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