Resideo Technologies (REZI)
Market Price (3/10/2026): $35.43 | Market Cap: $5.3 BilSector: Industrials | Industry: Trading Companies & Distributors
Resideo Technologies (REZI)
Market Price (3/10/2026): $35.43Market Cap: $5.3 BilSector: IndustrialsIndustry: Trading Companies & Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Sustainable Resource Management. Themes include IoT for Buildings, Building Management Systems, Show more. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14% | |
| Key risksREZI key risks include [1] its significant debt burden following a $1.59 billion payment to Honeywell. |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Sustainable Resource Management. Themes include IoT for Buildings, Building Management Systems, Show more. |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14% |
| Key risksREZI key risks include [1] its significant debt burden following a $1.59 billion payment to Honeywell. |
Qualitative Assessment
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Resideo Technologies (REZI) stock has gained about 5% since 11/30/2025 because of the following key factors:
1. Resideo Technologies reported strong fourth-quarter 2025 financial results, with diluted earnings per share (EPS) of $0.73, surpassing analyst estimates of $0.53. Additionally, the company's adjusted EBITDA surged by 21% year-over-year to $226 million, exceeding the high end of its own outlook range. Net income also saw a substantial increase, reaching $136 million compared to $23 million in the fourth quarter of 2024. Although net revenue of $1.895 billion was up 2% year-over-year and above the high end of the company's outlook, it slightly missed the consensus estimate of $1.93 billion.
2. The company provided an upbeat financial outlook for 2026, with guidance for total net revenue ranging from $7.8 billion to $7.9 billion and adjusted EBITDA projected between $935 million and $985 million. This full-year revenue guidance surpassed the analyst consensus estimate. The diluted EPS outlook for 2026 is set between $3.00 and $3.20, with the midpoint significantly exceeding the analyst consensus of $2.79.
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1. Resideo Technologies reported strong fourth-quarter 2025 financial results, with diluted earnings per share (EPS) of $0.73, surpassing analyst estimates of $0.53. Additionally, the company's adjusted EBITDA surged by 21% year-over-year to $226 million, exceeding the high end of its own outlook range. Net income also saw a substantial increase, reaching $136 million compared to $23 million in the fourth quarter of 2024. Although net revenue of $1.895 billion was up 2% year-over-year and above the high end of the company's outlook, it slightly missed the consensus estimate of $1.93 billion.
2. The company provided an upbeat financial outlook for 2026, with guidance for total net revenue ranging from $7.8 billion to $7.9 billion and adjusted EBITDA projected between $935 million and $985 million. This full-year revenue guidance surpassed the analyst consensus estimate. The diluted EPS outlook for 2026 is set between $3.00 and $3.20, with the midpoint significantly exceeding the analyst consensus of $2.79.
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Stock Movement Drivers
Fundamental Drivers
The 7.3% change in REZI stock from 11/30/2025 to 3/9/2026 was primarily driven by a 6.8% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3092026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.99 | 35.41 | 7.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,435 | 7,472 | 0.5% |
| P/S Multiple | 0.7 | 0.7 | 6.8% |
| Shares Outstanding (Mil) | 149 | 149 | 0.0% |
| Cumulative Contribution | 7.3% |
Market Drivers
11/30/2025 to 3/9/2026| Return | Correlation | |
|---|---|---|
| REZI | 7.3% | |
| Market (SPY) | -0.7% | 59.9% |
| Sector (XLI) | 11.2% | 47.7% |
Fundamental Drivers
The 4.0% change in REZI stock from 8/31/2025 to 3/9/2026 was primarily driven by a 3.0% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3092026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.05 | 35.41 | 4.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,399 | 7,472 | 1.0% |
| P/S Multiple | 0.7 | 0.7 | 3.0% |
| Shares Outstanding (Mil) | 149 | 149 | 0.0% |
| Cumulative Contribution | 4.0% |
Market Drivers
8/31/2025 to 3/9/2026| Return | Correlation | |
|---|---|---|
| REZI | 4.0% | |
| Market (SPY) | 5.4% | 51.2% |
| Sector (XLI) | 12.9% | 42.5% |
Fundamental Drivers
The 84.3% change in REZI stock from 2/28/2025 to 3/9/2026 was primarily driven by a 70.2% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3092026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.21 | 35.41 | 84.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,761 | 7,472 | 10.5% |
| P/S Multiple | 0.4 | 0.7 | 70.2% |
| Shares Outstanding (Mil) | 146 | 149 | -2.0% |
| Cumulative Contribution | 84.3% |
Market Drivers
2/28/2025 to 3/9/2026| Return | Correlation | |
|---|---|---|
| REZI | 84.3% | |
| Market (SPY) | 15.2% | 53.2% |
| Sector (XLI) | 26.7% | 52.1% |
Fundamental Drivers
The 93.1% change in REZI stock from 2/28/2023 to 3/9/2026 was primarily driven by a 64.6% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3092026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.34 | 35.41 | 93.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,370 | 7,472 | 17.3% |
| P/S Multiple | 0.4 | 0.7 | 64.6% |
| Shares Outstanding (Mil) | 149 | 149 | 0.0% |
| Cumulative Contribution | 93.1% |
Market Drivers
2/28/2023 to 3/9/2026| Return | Correlation | |
|---|---|---|
| REZI | 93.1% | |
| Market (SPY) | 77.5% | 53.1% |
| Sector (XLI) | 76.7% | 57.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| REZI Return | 22% | -37% | 14% | 22% | 52% | -3% | 60% |
| Peers Return | 35% | -12% | 10% | 10% | 20% | -3% | 65% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -2% | 79% |
Monthly Win Rates [3] | |||||||
| REZI Win Rate | 58% | 42% | 42% | 42% | 50% | 33% | |
| Peers Win Rate | 60% | 40% | 50% | 48% | 62% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| REZI Max Drawdown | 0% | -41% | -13% | -12% | -36% | -5% | |
| Peers Max Drawdown | -10% | -36% | -23% | -11% | -17% | -11% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -2% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: JCI, ALLE, ADT, ALRM, NSSC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/9/2026 (YTD)
How Low Can It Go
| Event | REZI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -56.1% | -25.4% |
| % Gain to Breakeven | 128.0% | 34.1% |
| Time to Breakeven | 656 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -68.6% | -33.9% |
| % Gain to Breakeven | 218.5% | 51.3% |
| Time to Breakeven | 103 days | 148 days |
| 2018 Correction | ||
| % Loss | -71.7% | -19.8% |
| % Gain to Breakeven | 253.5% | 24.7% |
| Time to Breakeven | 485 days | 120 days |
Compare to JCI, ALLE, ADT, ALRM, NSSC
In The Past
Resideo Technologies's stock fell -56.1% during the 2022 Inflation Shock from a high on 6/8/2021. A -56.1% loss requires a 128.0% gain to breakeven.
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About Resideo Technologies (REZI)
Resideo Technologies, Inc. develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution. It offers temperature and humidity control, thermal water, and air solutions; and security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home brand. In addition, the company distributes security products comprising video, intrusion, and access control products; and smart home, fire, power, audio, ProAV, networking, communication, wire and cable, enterprise connectivity, and structured wiring products to contractors that service non-residential and residential end-users. It sells its products through a network of distributors, original equipment manufacturers, and service providers, as well as retail and online channels. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Scottsdale, Arizona.
AI Analysis | Feedback
Analogy 1: Imagine **Google Nest** (for smart home products like thermostats and security) combined with a specialized **Home Depot Pro** (as a wholesale distributor for professional installers of these and other low-voltage technologies).
Analogy 2: The home comfort and security division that spun out of **Honeywell**, which also acts like a B2B **Amazon** for professional technology installers.
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Here are the major products and services of Resideo Technologies (REZI):- Smart Thermostats: Devices that intelligently control home heating and cooling, offering features like remote access and energy management.
- Home Security Systems: Integrated solutions comprising sensors, cameras, and control panels for intrusion detection and comprehensive home protection.
- Water Leak Detection & Shutoff: Products designed to detect water leaks and can automatically shut off the water supply to mitigate potential damage.
- Air Quality Monitors: Devices that measure and report on indoor air quality, identifying pollutants for healthier living environments.
- Residential Fire & CO Detection: Alarms and detectors providing early warning for smoke, fire, and carbon monoxide hazards in homes.
- Security Monitoring Services (via partners): Provision of underlying technology and platforms that support professional security monitoring services delivered through their extensive dealer network.
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For Resideo Technologies (symbol: REZI), the company primarily sells to other companies (B2B).
Its major identified customer is:
- Amazon.com, Inc. (AMZN)
According to Resideo's annual report (10-K) for 2023, sales to Amazon.com, Inc. accounted for approximately 11% of Resideo's net revenues.
Resideo also sells its products through a variety of other channels to other companies, including:
- Security dealers
- HVAC and plumbing contractors
- Professional electrical distributors
- Other retail channels (such as mass merchants and hardware stores)
Furthermore, its ADI Global Distribution business primarily serves a highly fragmented customer base consisting of numerous small and medium-sized dealers and installers of low-voltage products.
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```htmlJay Geldmacher, President and Chief Executive Officer
Jay Geldmacher is a 30-year industry veteran who joined Resideo as President and CEO in May 2020. He has experience leading complex industrial and technology spinouts, including Artesyn Embedded Technologies, which was a joint venture between Emerson Electric and Platinum Equity. Geldmacher previously served as President and CEO of Electro Rent Corp, another company backed by Platinum Equity. He has a track record of delivering consistent results in both public and private equity-backed companies. Prior to these roles, he held various leadership positions at Emerson Electric Company from 1996 to 2013.
Michael Carlet, Executive Vice President and Chief Financial Officer
Michael Carlet was appointed Executive Vice President and Chief Financial Officer of Resideo in August 2024. Before joining Resideo, he served as CFO of Snap One Holdings Corp. from 2014 to 2024, where he played a key role in transforming the company into an omnichannel provider, driving significant growth in revenue and profitability, and overseeing its IPO in 2021. Carlet has experience with private equity-backed companies, having led Driven Brands through four successful recapitalization events with various PE firms during his tenure as CFO from 2002 to 2012. He also served as CFO/COO of Sears Automotive from 2013 to 2014.
Jeannine Lane, Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer
Jeannine Lane serves as Resideo's Executive Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer, providing leadership on all legal matters. She transitioned to this role during the company's spin-off from Honeywell, where she had a distinguished 20-plus-year career. At Honeywell, Lane successfully led legal functions for global teams including Homes Fire, Industrial Safety, Life Safety, Security, and Consumer Products. Earlier in her career, she was General Counsel at Prestone Products Corporation for three years.
Stephen Kelly, Executive Vice President and Chief Human Resources Officer
Stephen Kelly has been the Executive Vice President and Chief Human Resources Officer of Resideo since 2018. Prior to his current role, he served as Vice President of Human Resources and Communications at Honeywell's aerospace business from 2014 to 2018. Kelly also held positions as Vice President of Corporate Human Resources, Organizational Development & Learning at Honeywell from 2013 to 2014, and Vice President of Human Resources for the Dental business at Danaher Corporation from 2007 to 2008.
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The key risks to Resideo Technologies (REZI) include its significant debt burden, intense competition from larger technology companies, and challenges arising from a soft residential housing and HVAC market.
- Debt Burden: Resideo Technologies faces a substantial debt load, which is considered an immediate and material risk to the company. Following a one-time payment of $1.59 billion to Honeywell in Q3 2025 to terminate an Indemnification Agreement, the company's gross debt rose to approximately $3.24 billion. This action significantly impacted core cash flow, with adjusted cash provided by operations dropping to $19 million in Q3 2025 after the payment.
- Competitive Market Landscape and Big Tech Competition: Resideo operates in a highly competitive industry characterized by rapid technological advancements and evolving consumer preferences. The company must continuously innovate to maintain its market position against established players and emerging startups, including "Big Tech rivals" who threaten its market share and pricing power.
- Soft Housing Market and Residential HVAC Market Slowdown: A downturn in the residential construction and renovation sectors can significantly impact Resideo's Products & Solutions segment. The company has experienced a decline in HVAC channel revenue, attributed to a softer residential HVAC market, which poses a challenge to overall revenue growth.
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The clear emerging threat to Resideo Technologies (REZI) is the accelerating dominance of integrated smart home ecosystems and AI platforms controlled by large technology companies such as Amazon (Alexa, Ring), Google (Google Home, Nest), and Apple (HomeKit).
These tech giants are not merely competitors; they are reshaping the foundational architecture of the smart home market by:
- Setting the standard for user experience: Consumers are increasingly prioritizing seamless integration, voice control, and cloud-based services provided by these platforms. This shifts the locus of value away from individual hardware components and towards the overarching ecosystem.
- Commoditizing hardware: As platform compatibility becomes paramount, the unique features and branding of traditional smart home hardware providers like Resideo's Honeywell Home products face significant pressure. Many generic or platform-specific devices offer comparable functionality at lower price points, reducing the perceived value and differentiation of Resideo's offerings.
- Driving subscription-based services: These platforms often integrate or acquire security and smart home companies that offer compelling subscription models for monitoring, cloud storage, and advanced features, potentially displacing Resideo's more hardware-centric revenue streams and challenging its professional channel's ability to compete on total cost and integrated features.
- Threatening distribution channels: While Resideo's ADI Global Distribution business serves professional installers, the integrated tech giants can increasingly facilitate direct sales or form partnerships that bypass traditional distribution, potentially eroding ADI's market share and margins over time.
This dynamic mirrors how Apple's iPhone created a comprehensive mobile ecosystem that rendered hardware-focused competitors like Research In Motion's BlackBerry obsolete, or how Netflix's content and delivery platform disrupted traditional video rental businesses.
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Resideo Technologies (NYSE: REZI) operates in two primary business segments, each with significant addressable markets.
- Products & Solutions Segment: This segment, which manufactures residential controls and sensing solutions, operates in a serviceable addressable market exceeding $40 billion. This market is considered global, given Resideo's worldwide operations and product presence in over 150 million households internationally.
- ADI Global Distribution Segment: Resideo's wholesale distribution business for security and audio-visual products, ADI Global Distribution, serves a serviceable addressable market greater than $30 billion. This market is also global, as ADI operates through a network of over 200 locations worldwide.
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Expected Drivers of Future Revenue Growth for Resideo Technologies (REZI)
Over the next 2-3 years, Resideo Technologies (REZI) is expected to drive revenue growth through several key initiatives and market improvements:
- New Product Introductions and Expansion of Connected Home Solutions: Resideo is focused on introducing differentiated new products across its connected home portfolio, which is anticipated to be a significant driver of future growth. Examples include the First Alert combined smoke and CO connected detectors and the new Premium Elite Pro Honeywell Home smart thermostats. The company also plans to expand into advanced HVAC controls, safety devices, and water-sensing technologies. This strategic focus on innovation and product development is expected to capitalize on emerging trends in smart living and IoT.
- Resolution of HVAC Market Disruptions: Current headwinds in the HVAC market, which have impacted Resideo's revenue, are largely considered transitory and are expected to resolve by the first quarter of 2026. This normalization of the HVAC market is anticipated to lead to above-consensus organic revenue growth in 2026 as inventory disruptions subside and market stability returns.
- Organic Growth within Products & Solutions and ADI Global Distribution Segments: Resideo has demonstrated low single-digit organic revenue growth year-over-year in both its Products and Solutions and ADI Global Distribution business segments. The company projects an increase in organic revenue for 2026 that is above current analyst predictions, indicating continued growth in its core markets and customer base. ADI Global Distribution is also experiencing solid growth in strategic focus areas such as DataCom and ProAV businesses.
- Price Realization: Resideo has leveraged price realization as a factor contributing to revenue growth, particularly in its Products and Solutions segment. Management also plans to implement further phased price increases to offset potential tariffs or cost inflation, aiming to maintain gross profit dollars and contribute to top-line growth.
- Strategic Acquisitions and Operational Enhancements: The integration of the Snap One acquisition at ADI is progressing ahead of schedule and is expected to exceed synergy targets, broadening the pro-audio/video portfolio and contributing to growth. Additionally, the completion of the ERP system implementation at ADI, which caused some temporary headwinds, is expected to be finalized by the end of 2025, removing operational challenges and supporting smoother revenue generation. The planned separation of the ADI and Products & Solutions businesses in the second half of 2026 is also intended to unlock value and enhance operational performance and strategic flexibility for both entities, thereby supporting their individual growth trajectories.
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Share Repurchases
- In August 2023, Resideo Technologies announced a share repurchase program authorizing the company to repurchase up to $150 million of its outstanding common stock. This program has no expiration date.
Share Issuance
- In November 2020, Resideo Technologies commenced an underwritten public offering of 17,000,000 shares of its common stock. The net proceeds from this offering were intended for the repayment of borrowings under its revolving credit facility and for general corporate purposes, including funding growth investments and potential acquisitions.
Outbound Investments
- In August 2025, Resideo made a one-time cash payment of $1.59 billion to Honeywell to terminate all future monetary obligations under the Honeywell Indemnification Agreement, eliminating ongoing quarterly payments of $35 million until 2043. This payment was financed by a combination of new senior secured debt financing and cash on hand.
- The company's revenue growth in fiscal year 2025 is expected to be driven, in part, by the Snap One acquisition, which occurred on June 14, 2024.
Capital Expenditures
- Resideo Technologies projects capital expenditures for the full year 2025 to be in the range of $128 million to $133 million.
- For the trailing twelve months ended June 2025, cash flow for capital expenditures was -$95.00 million.
- Capital expenditures are primarily focused on targeted investments to drive future growth, accelerate growth in attractive categories, and for systems upgrades to support expected growth and improve information visibility.
Latest Trefis Analyses
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| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
| 12122025 | REZI | Resideo Technologies | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 6.9% | 6.9% | -7.9% |
| 05312025 | REZI | Resideo Technologies | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 59.4% | 87.0% | -0.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 46.31 |
| Mkt Cap | 5.3 |
| Rev LTM | 4,598 |
| Op Inc LTM | 750 |
| FCF LTM | 411 |
| FCF 3Y Avg | 373 |
| CFO LTM | 469 |
| CFO 3Y Avg | 426 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.1% |
| Rev Chg 3Y Avg | 5.9% |
| Rev Chg Q | 7.4% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Mgn LTM | 17.2% |
| Op Mgn 3Y Avg | 16.0% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 17.2% |
| CFO/Rev 3Y Avg | 17.7% |
| FCF/Rev LTM | 15.1% |
| FCF/Rev 3Y Avg | 15.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.3 |
| P/S | 2.8 |
| P/EBIT | 14.2 |
| P/E | 19.4 |
| P/CFO | 16.3 |
| Total Yield | 5.2% |
| Dividend Yield | 1.1% |
| FCF Yield 3Y Avg | 4.2% |
| D/E | 0.3 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.0% |
| 3M Rtn | -1.4% |
| 6M Rtn | -7.6% |
| 12M Rtn | 42.4% |
| 3Y Rtn | 46.4% |
| 1M Excs Rtn | -0.2% |
| 3M Excs Rtn | 0.3% |
| 6M Excs Rtn | -11.4% |
| 12M Excs Rtn | 24.7% |
| 3Y Excs Rtn | -31.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| ADI Global Distribution | 4,197 | 3,570 | 3,587 | 3,378 | 2,950 |
| Products and Solutions | 2,564 | 2,672 | 2,783 | 2,468 | 2,121 |
| Total | 6,761 | 6,242 | 6,370 | 5,846 | 5,071 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Products and Solutions | 503 | 446 | 527 | 541 | 407 |
| ADI Global Distribution | 195 | 238 | 313 | 268 | 194 |
| Other corporate items | -3 | -9 | |||
| Restructuring, impairment and extinguishment costs | -19 | ||||
| Selling, general and administrative expenses | -156 | -125 | |||
| Restructuring expenses | -3 | ||||
| Corporate | -229 | -250 | -290 | ||
| Total | 520 | 547 | 611 | 559 | 311 |
Price Behavior
Price Behavior
| Market Price | $35.41 | |
| Market Cap ($ Bil) | 5.3 | |
| First Trading Date | 10/15/2018 | |
| Distance from 52W High | -20.4% | |
| 50 Days | 200 Days | |
| DMA Price | $36.23 | $32.84 |
| DMA Trend | up | up |
| Distance from DMA | -2.3% | 7.8% |
| 3M | 1YR | |
| Volatility | 50.5% | 56.1% |
| Downside Capture | 209.28 | 156.67 |
| Upside Capture | 250.78 | 196.85 |
| Correlation (SPY) | 59.1% | 52.6% |
REZI Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.28 | 2.57 | 2.45 | 2.39 | 1.53 | 1.56 |
| Up Beta | 3.06 | 3.59 | 3.64 | 2.06 | 1.14 | 1.29 |
| Down Beta | 2.94 | 2.95 | 2.87 | 3.39 | 1.84 | 1.63 |
| Up Capture | 537% | 265% | 270% | 256% | 358% | 626% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 13 | 22 | 31 | 63 | 135 | 387 |
| Down Capture | 178% | 162% | 137% | 178% | 126% | 111% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 7 | 18 | 29 | 60 | 114 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REZI | |
|---|---|---|---|---|
| REZI | 94.8% | 56.1% | 1.40 | - |
| Sector ETF (XLI) | 30.3% | 19.2% | 1.25 | 51.0% |
| Equity (SPY) | 19.6% | 19.1% | 0.81 | 52.7% |
| Gold (GLD) | 77.6% | 26.1% | 2.18 | -7.9% |
| Commodities (DBC) | 20.2% | 17.2% | 0.92 | 9.8% |
| Real Estate (VNQ) | 6.1% | 16.4% | 0.19 | 32.6% |
| Bitcoin (BTCUSD) | -24.3% | 45.7% | -0.47 | 30.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REZI | |
|---|---|---|---|---|
| REZI | 6.8% | 46.4% | 0.31 | - |
| Sector ETF (XLI) | 14.7% | 17.2% | 0.68 | 58.8% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 56.3% |
| Gold (GLD) | 24.0% | 17.2% | 1.14 | 1.9% |
| Commodities (DBC) | 11.8% | 19.0% | 0.50 | 14.6% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.18 | 43.1% |
| Bitcoin (BTCUSD) | 7.1% | 56.8% | 0.35 | 24.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REZI | |
|---|---|---|---|---|
| REZI | 2.1% | 58.5% | 0.30 | - |
| Sector ETF (XLI) | 14.6% | 19.8% | 0.65 | 52.2% |
| Equity (SPY) | 15.2% | 17.9% | 0.73 | 47.8% |
| Gold (GLD) | 14.9% | 15.6% | 0.79 | 2.9% |
| Commodities (DBC) | 8.9% | 17.6% | 0.42 | 20.1% |
| Real Estate (VNQ) | 6.2% | 20.7% | 0.26 | 41.0% |
| Bitcoin (BTCUSD) | 65.7% | 66.8% | 1.05 | 20.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/5/2025 | -23.7% | -22.6% | -17.9% |
| 7/30/2025 | 16.2% | 6.8% | 41.3% |
| 5/6/2025 | 8.9% | 23.1% | 19.7% |
| 11/7/2024 | 10.4% | 16.6% | 24.1% |
| 8/8/2024 | -2.5% | -1.7% | -6.3% |
| 5/2/2024 | 3.9% | 8.9% | 8.0% |
| 2/13/2024 | 23.5% | 24.4% | 32.6% |
| 11/1/2023 | 5.7% | 7.3% | 14.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 14 | 15 |
| # Negative | 5 | 6 | 5 |
| Median Positive | 8.9% | 8.1% | 14.4% |
| Median Negative | -5.7% | -6.0% | -11.0% |
| Max Positive | 35.6% | 65.0% | 95.1% |
| Max Negative | -32.2% | -31.5% | -31.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cd&r, Channel Holdings Ii, Lp | Direct | Buy | 11132025 | 30.69 | 333,000 | 10,219,837 | 417,501,317 | Form | |
| 2 | Cd&r, Channel Holdings Ii, Lp | Direct | Buy | 11132025 | 30.54 | 390,000 | 11,912,082 | 427,421,813 | Form | |
| 3 | Cd&r, Channel Holdings Ii, Lp | Direct | Buy | 11132025 | 32.02 | 400,000 | 12,807,960 | 460,885,923 | Form | |
| 4 | Cd&r, Channel Holdings Ii, Lp | Direct | Buy | 11132025 | 31.82 | 566,758 | 18,034,557 | 476,051,241 | Form | |
| 5 | Teich, Andrew C | Direct | Buy | 11122025 | 30.68 | 8,149 | 249,976 | 10,449,219 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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