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Resideo Technologies, Inc. develops, manufactures, sells, and distributes comfort, energy management, and safety and security solutions in the United States, Europe, and internationally. The company operates through Products and Solutions and ADI Global Distribution segments. The Products and Solutions segment offers temperature and humidity control, water and air solutions, smoke and carbon monoxide detection home safety products, residential and small business security products, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home, First Alert, Resideo, Braukmann, and BRK brand names. The ADI Global Distribution segment distributes low-voltage products, including security and audio-visual solutions serving commercial and residential markets through an omnichannel go-to-market platform. The company sells its products and services through a network of professional contractors, installers and integrators, distributors, and original equipment manufacturers, as well as retailers and online merchants. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Scottsdale, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.5B | $-127M | $-527M | $-1.3B | -21.6% | 10.5% | -554.3% |
| 2024 | $6.8B | $446M | $116M | $364M | 4.1% | 8.3% | -44.8% |
| 2023 | $6.2B | $476M | $210M | $335M | 7.6% | -2.0% | -25.8% |
| 2022 | $6.4B | $566M | $283M | $67M | 11.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 6,370 | 6,242 | 6,761 | 7,472 |
| Operating Revenue | - | 6,370 | 6,242 | 6,761 | 7,472 |
| Cost Of Revenue | - | 4,604 | 4,546 | 4,860 | 5,276 |
| Gross Profit | - | 1,766 | 1,696 | 1,901 | 2,196 |
| Operating Expense | - | 1,120 | 1,107 | 1,329 | 1,555 |
| Research And Development | - | 111 | 109 | 111 | 167 |
| Selling General And Administration | - | 974 | 960 | 1,138 | 1,266 |
| Total Expenses | - | 5,724 | 5,653 | 6,189 | 6,831 |
| Operating Income | - | 646 | 589 | 572 | 641 |
| Total Operating Income As Reported | - | 611 | 547 | 520 | 607 |
| EBITDA | - | 566 | 476 | 446 | -127 |
| Normalized EBITDA | - | 601 | 696 | 709 | 879 |
| EBIT | - | 472 | 378 | 302 | -322 |
| Interest Expense | - | 54 | 65 | 81 | 135 |
| Net Interest Income | - | -54 | -65 | -81 | -135 |
| Other Non Operating Income Expenses | - | -139 | 9 | -7 | 43 |
| Other Income Expense | - | -174 | -211 | -270 | -963 |
| Interest Expense Non Operating | - | 54 | 65 | 81 | 135 |
| Net Non Operating Interest Income Expense | - | -54 | -65 | -81 | -135 |
| Pretax Income | - | 418 | 313 | 221 | -457 |
| Tax Provision | - | 135 | 103 | 105 | 70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -11.30 | -72.40 | -55.23 | -211.26 |
| Net Income Continuous Operations | - | 283 | 210 | 116 | -527 |
| Net Income From Continuing And Discontinued Operation | - | 283 | 210 | 116 | -527 |
| Net Income From Continuing Operation Net Minority Interest | - | 283 | 210 | 116 | -527 |
| Net Income | - | 283 | 210 | 116 | -527 |
| Net Income Common Stockholders | - | 283 | 210 | 91 | -562 |
| Net Income Including Noncontrolling Interests | - | 283 | 210 | 116 | -527 |
| Normalized Income | - | 306.70 | 357.60 | 323.77 | 267.74 |
| Diluted NI Availto Com Stockholders | - | 283 | 210 | 91 | -562 |
| Basic Average Shares | - | 146 | 147 | 146 | 149 |
| Diluted Average Shares | - | 149 | 148 | 149 | 149 |
| Reconciled Depreciation | - | 94 | 98 | 144 | 195 |
| Reconciled Cost Of Revenue | - | 4,545 | 4,486 | 4,796 | 5,203 |
| Total Unusual Items | - | -35 | -220 | -263 | -1,006 |
| Total Unusual Items Excluding Goodwill | - | -35 | -220 | -263 | -1,006 |
| Preferred Stock Dividends | - | - | - | 19 | 35 |
| Special Income Charges | - | -35 | -220 | -263 | -1,006 |
| Gain On Sale Of Business | - | - | 0 | 0 | -18 |
| Other Special Charges | - | 13 | 178 | 211 | 972 |
| Restructuring And Mergern Acquisition | - | 35 | 42 | 52 | 16 |
| Depreciation Amortization Depletion Income Statement | - | 35 | 38 | 80 | 122 |
| Depreciation And Amortization In Income Statement | - | 35 | 38 | 80 | 122 |
| Otherunder Preferred Stock Dividend | - | 0 | 0 | 6 | 0 |
| Amortization | - | 35 | 38 | 80 | 122 |
| Amortization Of Intangibles Income Statement | - | 35 | 38 | 80 | 122 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Resideo Technologies, Inc.this co. | REZI | $4.6B | - | 1.57 | -19.3% | - |
| UniFirst Corporation | UNF | $4.9B | 33.11 | 2.26 | 6.8% | 14.69 |
| WillScot Holdings Corporation | WSC | $4.8B | -90.45 | 5.60 | -6.2% | 14.32 |
| AAR Corp. | AIR | $4.6B | 367.52 | 3.79 | 1.0% | 32.71 |
| RXO, Inc. | RXO | $4.6B | -45.57 |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.96 |
| -6.5% |
| 144.72 |
| Mirion Technologies, Inc. | MIR | $4.5B | 154.78 | 2.39 | 1.5% | 24.76 |
| CSW Industrials, Inc. | CSW | $4.4B | 39.29 | 4.19 | 10.7% | 22.62 |
| Franklin Electric Co., Inc. | FELE | $4.3B | 29.58 | 3.28 | 11.1% | 16.66 |
| Brady Corporation | BRC | $4.2B | 22.18 | 3.52 | 15.9% | 14.80 |
| Peer Median | - | 31.34 | 3.40 | 4.2% | 19.64 | |