Resideo Technologies Inc. (REZI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.68	$0.83	+22.1%	—	$2B	—
Q4 25	$0.52	$0.5	-3.8%	—	$1.9B	—
Q3 25	$0.71	$0.89	+25.4%	—	$1.9B	—
Q2 25	$0.54	$0.66	+22.2%	—	—	—
Q1 25	$0.31	$0.63	+103.2%	—	—	—
Q4 24	$0.56	$0.59	+5.4%	—	—	—
Q3 24	$0.62	$0.58	-6.5%	—	—	—
Q2 24	$0.49	$0.62	+26.5%	—	—	—
Q1 24	$0.32	$0.47	+46.9%	—	—	—
Q4 23	$0.36	$0.48	+33.3%	—	—	—
Q3 23	$0.27	$0.14	-48.1%	—	—	—
Q2 23	$0.46	$0.34	-26.1%	—	$1.6B	—
Q1 23	$0.34	$0.63	+85.3%	—	$1.5B	—
Q4 22	$0.4	$0.49	+22.5%	—	$1.6B	—
Q3 22	$0.56	$0.42	-25.0%	—	$1.6B	—
Q2 22	$0.56	$0.63	+12.5%	—	$1.7B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$3.77	—	—	$7.5B	—
FY24	—	$0.62	—	—	$6.8B	—
FY23	—	$1.43	—	—	$6.2B	—
FY22	—	$1.94	—	—	$6.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.5B	$4.5B	$4.8B	$5B	$5.1B	$5.8B	$6.4B	$6.2B	$6.8B	$7.5B
YoY change	+7.25%	+1.44%	+6.82%	+3.34%	+1.66%	+15.3%	+8.96%	-2.01%	+8.31%	+10.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.5B	4.5B	4.8B	5B	5.1B	5.8B	6.4B	6.2B	6.8B	7.5B
Cost of revenue	3.1B	3.2B	3.4B	3.7B	3.8B	4.3B	4.6B	4.5B	4.9B	5.3B
Gross profit	1.4B	1.3B	1.4B	1.3B	1.3B	1.6B	1.8B	1.7B	1.9B	2.2B
Gross margin	30.6%	29.1%	29.5%	25.6%	25.9%	27.1%	27.7%	27.2%	28.1%	29.4%
Research & development	—	—	—	87M	77M	86M	111M	109M	111M	167M
Selling, general & administrative	870M	871M	932M	932M	925M	909M	974M	960M	1.1B	1.3B
Operating expenses	870M	1.2B	1.3B	1B	1B	995M	1.1B	1.1B	1.2B	1.4B
Operating income	495M	164M	170M	258M	311M	559M	646M	589M	572M	641M
Operating margin	11.1%	3.63%	3.52%	5.17%	6.13%	9.56%	10.1%	9.44%	8.46%	8.58%
Non-operating income, net	-185M	2M	-46M	-118M	-147M	-159M	-174M	-211M	-270M	-963M
Pretax income	310M	166M	104M	71M	101M	353M	418M	313M	221M	-457M
Income tax	133M	560M	-301M	35M	64M	111M	135M	103M	105M	70M
Net income	177M	-394M	405M	36M	37M	242M	283M	210M	116M	-527M
Net margin	3.97%	-8.72%	8.39%	0.72%	0.73%	4.14%	4.44%	3.36%	1.72%	-7.05%
EBITDA	559M	233M	190M	220M	250M	488M	601M	518M	498M	879M
EPS	1.43	-3.19	3.31	0.29	0.3	1.68	1.94	1.43	0.62	-3.77
Diluted EPS	1.43	-3.19	3.3	0.29	0.29	1.63	1.9	1.42	0.61	-3.77

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	1.9B	1.9B	1.9B	2B
Cost of revenue	—	—	—	—	—	—	—	—	1.3B	1.3B	1.4B	1.4B
Gross profit	—	—	—	—	—	—	—	—	556M	560M	551M	595M
Gross margin	—	—	—	—	—	—	—	—	29.8%	29.6%	28.8%	30%
Research & development	—	—	—	—	—	—	—	—	44M	47M	48M	48M
Selling, general & administrative	—	—	—	—	—	—	—	—	324M	317M	340M	332M
Operating expenses	—	—	—	—	—	—	—	—	368M	364M	388M	380M
Operating income	—	—	—	—	—	—	—	—	157M	165M	132M	184M
Operating margin	—	—	—	—	—	—	—	—	8.42%	8.71%	6.9%	9.29%
Non-operating income, net	—	—	—	—	—	—	—	—	-10M	40M	-30M	28M
Pretax income	—	—	—	—	—	—	—	—	110M	156M	55M	166M
Income tax	—	—	—	—	—	—	—	—	-46M	20M	17M	69M
Net income	—	—	—	—	—	—	—	—	156M	136M	38M	97M
Net margin	—	—	—	—	—	—	—	—	8.37%	7.18%	1.99%	4.9%
EBITDA	113M	143M	117M	160M	191M	122M	181M	219M	199M	280M	183M	315M
EPS	0.14	0.56	0.29	0.19	0.07	0.08	-0.02	-5.59	0.88	0.75	0.17	0.52
Diluted EPS	0.14	0.56	0.29	0.19	0.07	0.08	-0.02	-5.59	0.85	0.73	0.17	0.51

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	1.8B	1B	1.9B	—	1.7B	1.9B	2.3B	3.6B	2.8B
Enterprise value	—	—	2.7B	2.1B	2.5B	—	2.8B	2.7B	3.7B	6.2B	6.6B
Shares outstanding	123.5M	123.5M	122.5M	122.7M	125.3M	144M	146M	147M	146M	149M	149M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	4.33	28.3	50.1	—	5.91	9.17	20.2	—	7.14
P/S	—	—	0.36	0.2	0.37	—	0.26	0.31	0.35	0.49	0.36
P/B	—	—	1.14	0.64	0.93	—	0.66	0.7	0.71	1.25	1.1
EV/EBITDA	—	—	14.1	9.44	10	—	4.66	5.28	7.4	7.06	7.9
EV/Sales	—	—	0.56	0.42	0.49	—	0.44	0.44	0.54	0.83	0.86
Earnings yield	—	—	23.1%	3.53%	2%	—	16.9%	10.9%	4.95%	—	14%
FCF yield	—	—	21.7%	-7.07%	9.38%	—	4.01%	17.4%	15.5%	-34.4%	-68.8%
PEG	—	—	—	—	—	—	—	—	—	—	-0.07

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	30.6%	29.1%	29.5%	25.6%	25.9%	27.1%	27.7%	27.2%	28.1%	29.4%	30%
Operating margin	11.1%	3.63%	3.52%	5.17%	6.13%	9.56%	10.1%	9.44%	8.46%	8.58%	7.92%
Net margin	3.97%	-8.72%	8.39%	0.72%	0.73%	4.14%	4.44%	3.36%	1.72%	-7.05%	5.58%
ROE	6.16%	-15.1%	26.4%	2.25%	1.86%	10.7%	11.2%	7.64%	3.51%	-18.1%	15.2%
ROA	4.12%	-8.81%	8.15%	0.7%	0.66%	4.13%	4.43%	3.16%	1.41%	-6.25%	4.6%
ROIC	10%	0%	6.89%	4.92%	4.32%	14%	12%	11.1%	6.46%	11.7%	9.21%
Return on tangible assets	-15.1%	35.7%	-72.1%	-12.7%	-88.1%	83.2%	-2.6K%	67.1%	-39.1%	-1K%	84.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.18	1.21	1.21	1.19	1.45	1.7	1.62	1.8	1.77	1.91	2.22
Quick ratio	0.77	0.81	0.79	0.75	1.01	1.21	0.99	1.18	1.08	1.14	1.41
Debt / equity	—	—	0.78	0.74	0.58	0.56	0.57	0.53	0.61	1.11	1.3
Debt / assets	—	—	0.24	0.23	0.21	0.22	0.23	0.22	0.25	0.38	0.41
Net debt / EBITDA	—	—	4.93	4.81	2.58	1	1.88	1.57	2.69	2.92	3.14
Interest coverage	165	—	6.2	2.03	2.6	8.51	8.74	5.82	3.73	-2.39	3.72
Effective tax rate	42.9%	100%	0%	49.3%	63.4%	31.4%	32.3%	32.9%	47.5%	0%	12.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	36.1	36.6	39.4	40.6	40.5	40.6	43.6	42.5	46.3	50.1	50.8
EPS (basic)	1.43	-3.19	3.31	0.29	0.3	1.68	1.94	1.43	0.62	-3.77	-3.77
EPS (diluted)	1.43	-3.19	3.3	0.29	0.29	1.63	1.9	1.42	0.61	-3.77	2.56
Book value per share	23.3	21.1	12.5	13.1	15.9	15.6	17.3	18.7	22.7	19.6	16.7
FCF per share	0.65	-0.11	3.11	-0.59	1.39	1.75	0.46	2.28	2.49	-8.41	-9.08
Cash per share	0.38	0.45	2.16	0.99	4.12	5.38	2.23	4.33	4.74	4.44	3.63
Capex per share	0.49	0.4	0.52	—	—	—	—	—	—	0.78	0.84

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.35%	1.08%	1.33%	—	—	—	—	—	—	1.55%	1.7%
Capex / operating cash flow	46.2%	38.6%	15.8%	—	—	—	—	—	—	-10.2%	-10.2%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$1.9B	$1.9B	$1.9B	$2B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	47M	56M	265M	122M	517M	775M	326M	636M	692M	661M
Receivables	723M	779M	821M	817M	863M	876M	1B	973M	1B	1.1B
Inventory	435M	465M	628M	671M	672M	740M	975M	941M	1.2B	1.4B
Total current assets	1.3B	1.4B	1.8B	1.8B	2.2B	2.5B	2.5B	2.7B	3.2B	3.4B
Property, plant & equipment	59M	20M	60M	56M	162M	140M	63M	76M	71M	71M
Goodwill & intangibles	5.5B	5.6B	5.5B	5.4B	5.7B	5.6B	6.4B	6.3B	8.5B	8.4B
Total assets	4.3B	4.5B	5B	5.1B	5.6B	5.9B	6.4B	6.6B	8.2B	8.4B
Accounts payable	641M	678M	964M	920M	936M	883M	894M	905M	1.1B	1.1B
Short-term debt	—	—	22M	22M	7M	42M	49M	51M	51M	57M
Total current liabilities	1.1B	1.1B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.8B	1.8B
Long-term debt	—	—	1.2B	1.2B	1.2B	1.2B	1.4B	1.4B	2B	3.2B
Total liabilities	1.4B	1.9B	3.4B	3.5B	3.6B	3.6B	3.9B	3.9B	4.9B	5.5B
Shareholders' equity	2.9B	2.6B	1.5B	1.6B	2B	2.3B	2.5B	2.7B	3.3B	2.9B
Total debt	—	—	1.2B	1.2B	1.2B	1.3B	1.5B	1.4B	2B	3.2B
Net debt	—	—	936M	1.1B	645M	487M	1.1B	811M	1.3B	2.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	368M	636M	603M	413M	531M	692M	577M	753M	345M	661M	438M	549M
Receivables	988M	973M	933M	1.1B	1.1B	1B	1B	1.1B	1.1B	1.1B	1.1B	1.2B
Inventory	970M	941M	929M	1.2B	1.2B	1.2B	1.2B	1.3B	1.3B	1.4B	1.4B	1.4B
Total current assets	2.6B	2.7B	2.7B	2.9B	3B	3.2B	3.1B	3.4B	3.1B	3.4B	3.2B	3.8B
Property, plant & equipment	—	76M	—	—	—	71M	—	—	—	71M	—	—
Goodwill & intangibles	6.3B	6.3B	6.3B	8.6B	8.6B	8.5B	8.5B	8.5B	8.5B	8.4B	8.3B	8.3B
Total assets	6.5B	6.6B	6.5B	8B	8.1B	8.2B	8.1B	8.5B	8.2B	8.4B	8.2B	8.8B
Accounts payable	863M	905M	858M	980M	1B	1.1B	971M	1.1B	1B	1.1B	1B	1.1B
Short-term debt	48M	51M	50M	64M	56M	51M	51M	—	55M	57M	57M	59M
Total current liabilities	1.5B	1.5B	1.4B	1.6B	1.7B	1.8B	1.6B	3.4B	1.6B	1.8B	1.5B	1.7B
Long-term debt	1.4B	1.4B	1.4B	2B	2B	2B	2B	2B	3.2B	3.2B	3.2B	3.6B
Total liabilities	3.8B	3.9B	3.8B	4.7B	4.8B	4.9B	4.7B	5.9B	5.4B	5.5B	5.3B	5.8B
Shareholders' equity	2.6B	2.7B	2.8B	3.3B	3.4B	3.3B	3.3B	2.6B	2.8B	2.9B	2.9B	3B
Total debt	1.4B	1.4B	1.4B	2B	2B	2B	2B	2B	3.2B	3.2B	3.2B	3.6B
Net debt	1.1B	811M	841M	1.6B	1.5B	1.3B	1.5B	1.2B	2.9B	2.6B	2.8B	3.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	177M	-394M	405M	36M	37M	242M	283M	210M	116M	-527M
Depreciation & amortization	64M	67M	66M	80M	86M	88M	94M	98M	144M	195M
Stock-based compensation	13M	16M	20M	25M	29M	39M	50M	44M	59M	57M
Change in working capital	-125M	116M	216M	-139M	48M	-115M	-292M	122M	93M	-728M
Operating cash flow	130M	127M	406M	-5M	243M	304M	173M	474M	440M	-1.1B
Capital expenditure	-60M	-49M	-64M	—	—	—	—	—	—	-116M
Investing cash flow	-191M	-51M	-57M	-17M	-33M	-2M	-679M	61M	-1.3B	-39M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	0	0	-41M	-1M	-29M
Financing cash flow	4M	18M	-167M	-53M	253M	20M	170M	-64M	1B	1.1B
Net change in cash	-57M	94M	182M	-75M	463M	322M	-336M	471M	142M	-48M
Free cash flow	80M	-14M	381M	-72M	174M	252M	67M	335M	364M	-1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	21M	82M	43M	30M	20M	23M	6M	-825M	156M	136M	38M	97M
Depreciation & amortization	22M	27M	24M	28M	46M	46M	47M	49M	49M	50M	51M	50M
Stock-based compensation	11M	8M	14M	15M	15M	15M	15M	15M	13M	14M	14M	14M
Change in working capital	-12M	110M	0	-21M	38M	74M	-85M	-76M	-88M	116M	-140M	-54M
Operating cash flow	80M	211M	91M	59M	154M	165M	-7M	200M	-1.6B	299M	-145M	148M
Capital expenditure	—	—	—	—	—	—	—	-20M	-28M	-37M	-36M	-29M
Investing cash flow	-10M	86M	-1M	-1.3B	0	-1M	—	-20M	-28M	40M	-36M	-29M
Dividends paid	—	—	—	—	—	—	-9M	-8M	-9M	—	-9M	-8M
Share repurchases	—	-13M	-1M	—	8M	0	-15M	-1M	-7M	-6M	-32M	-1M
Financing cash flow	-1M	-17M	-8M	-11M	-9M	-12M	-22M	-11M	1.2B	-57M	-42M	-16M
Net change in cash	69M	280M	82M	-1.3B	145M	152M	-29M	169M	-407M	282M	-223M	103M
Free cash flow	35M	232M	-19M	77M	125M	181M	-96M	180M	-1.6B	262M	-181M	119M

Resideo Technologies Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement