RESIDEO TECHNOLOGIES, INC. REZI
We separated from Honeywell International Inc. ("Honeywell") in 2018, becoming an independent publicly traded company as a result of a pro rata distribution of our common stock to stockholders of Honeywell (the "Honeywell Spin-Off").
We are a global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions that help homeowners and businesses stay connected and in control of their comfort, security, energy use, and smart living. We are a leading player in key product markets including home heating, ventilation, and air conditioning controls; smoke and carbon monoxide detection home safety and fire suppression; and security. Our global footprint serves residential and commercial end-markets. Our solutions and services can be found in over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.47B | $6.76B | $6.24B | $6.37B | $5.85B | $5.07B | $4.99B | $4.83B | $4.52B | $4.46B |
| Cost of revenue | $5.28B | $4.86B | $4.55B | $4.60B | $4.26B | $3.73B | $3.71B | $3.40B | $3.20B | $3.09B |
| Gross profit | $2.20B | $1.90B | $1.70B | $1.77B | $1.58B | $1.34B | $1.28B | $1.43B | $1.32B | $1.36B |
| R&D | $167.0M | $111.0M | $109.0M | $111.0M | $86.0M | $74.0M | $87.0M | — | — | — |
| SG&A | $1.27B | $1.14B | $960.0M | $974.0M | $909.0M | $889.0M | $932.0M | $932.0M | $871.0M | $870.0M |
| Total operating expenses | $1.59B | $1.38B | $1.15B | $1.16B | $1.02B | — | — | — | — | — |
| Operating income | $607.0M | $520.0M | $547.0M | $611.0M | $559.0M | $311.0M | $258.0M | $493.0M | $445.0M | $530.0M |
| Interest expense | $135.0M | $81.0M | $65.0M | $54.0M | $47.0M | $63.0M | $69.0M | $20.0M | — | — |
| Pre-tax income | -$457.0M | $221.0M | $313.0M | $418.0M | $353.0M | $101.0M | $71.0M | $104.0M | $166.0M | $310.0M |
| Income tax | $70.0M | $105.0M | $103.0M | $135.0M | $111.0M | $64.0M | $35.0M | $301.0M | $560.0M | $133.0M |
| Net income | -$527.0M | $116.0M | $210.0M | $283.0M | $242.0M | $37.0M | $36.0M | $405.0M | -$394.0M | $177.0M |
| EPS, basic | -3.77 | 0.62 | 1.43 | 1.94 | 1.68 | 0.30 | 0.29 | 3.31 | -3.22 | 1.44 |
| EPS, diluted | -3.77 | 0.61 | 1.42 | 1.90 | 1.63 | 0.29 | 0.29 | 3.30 | -3.22 | 1.44 |
| Shares, diluted (wtd. avg.) | $149.0M | $149.0M | $148.0M | $149.0M | $148.0M | $126.0M | $123.2M | $122.6M | $122.5M | $122.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $661.0M | $692.0M | $637.0M | $329.0M | $779.0M | $517.0M | $122.0M | $265.0M | $56.0M | $47.0M |
| Receivables | $1.07B | $1.02B | $973.0M | $1.00B | $876.0M | $863.0M | $817.0M | $821.0M | $779.0M | — |
| Inventory | $1.35B | $1.24B | $941.0M | $975.0M | $740.0M | $672.0M | $671.0M | $628.0M | $465.0M | — |
| Total current assets | $3.36B | $3.17B | $2.74B | $2.50B | $2.54B | $2.23B | $1.78B | $1.81B | $1.39B | — |
| Property, plant and equipment | $447.0M | $410.0M | $390.0M | $366.0M | $287.0M | $318.0M | $316.0M | $300.0M | $265.0M | $261.0M |
| Goodwill | $3.10B | $3.07B | $2.71B | $2.72B | $2.66B | $2.69B | $2.64B | $2.63B | $2.65B | $2.59B |
| Other intangibles | $1.09B | $1.18B | $461.0M | $475.0M | $120.0M | $135.0M | $127.0M | $133.0M | $140.0M | — |
| Total assets | $8.43B | $8.20B | $6.64B | $6.39B | $5.85B | $5.61B | $5.13B | $4.97B | $4.47B | — |
| Accounts payable | $1.13B | $1.07B | $905.0M | $894.0M | $883.0M | $936.0M | $920.0M | $964.0M | $678.0M | — |
| Short-term debt | $18.0M | $6.0M | $12.0M | $12.0M | $10.0M | $7.0M | $22.0M | $22.0M | — | — |
| Total current liabilities | $1.75B | $1.79B | $1.52B | $1.55B | $1.49B | $1.54B | $1.49B | $1.49B | $1.15B | — |
| Long-term debt | $3.17B | $1.98B | $1.40B | $1.40B | $1.22B | $1.16B | $1.16B | $1.18B | — | — |
| Total liabilities | $5.52B | $4.89B | $3.90B | $3.86B | $3.60B | — | — | — | — | — |
| Retained earnings | $345.0M | $907.0M | $810.0M | $600.0M | $317.0M | $75.0M | $38.0M | $2.0M | — | — |
| Total equity | $2.92B | $3.31B | $2.75B | $2.53B | $2.25B | $1.99B | $1.60B | $1.53B | $2.60B | $2.87B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.14B | $444.0M | $440.0M | $152.0M | $315.0M | $244.0M | $23.0M | $462.0M | $37.0M | $151.0M |
| Depreciation and amortisation | $73.0M | $64.0M | $59.0M | $59.0M | $58.0M | $56.0M | $50.0M | $45.0M | $57.0M | $57.0M |
| Stock-based compensation | $57.0M | $59.0M | $44.0M | $50.0M | $39.0M | $29.0M | $25.0M | $20.0M | $16.0M | $13.0M |
| Capital expenditure | $116.0M | $80.0M | $105.0M | $85.0M | $63.0M | $70.0M | — | $64.0M | $49.0M | $60.0M |
| Investing cash flow | -$39.0M | -$1.41B | -$44.0M | -$764.0M | -$65.0M | -$103.0M | -$112.0M | -$74.0M | -$51.0M | -$191.0M |
| Financing cash flow | $1.13B | $1.03B | -$64.0M | $170.0M | $20.0M | $253.0M | -$53.0M | -$167.0M | $21.0M | $4.0M |
| Buybacks | $0 | $1.0M | $41.0M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016160.