Resideo Technologies (REZI)
Market Price (6/16/2026): $31.63 | Market Cap: $4.8 BilSector: Industrials | Industry: Trading Companies & Distributors
Resideo Technologies (REZI)
Market Price (6/16/2026): $31.63Market Cap: $4.8 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. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18% 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 -15% 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. |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18% |
| 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 -15% |
| Key risksREZI key risks include [1] its significant debt burden following a $1.59 billion payment to Honeywell. |
Qualitative Assessment
AI Analysis | Feedback
Resideo Technologies (REZI) stock has lost about 20% since 2/28/2026 because of the following key factors:
1. Deterioration in Cash Flow and Elevated Debt Levels.
Despite reporting better-than-expected Q1 2026 adjusted EPS of $0.65 and revenue of $1.91 billion, Resideo Technologies revealed a negative net cash flow used in operating activities of $145 million, a substantial increase from $65 million in Q1 2025. The company also carried a total outstanding debt of $3.23 billion as of April 4, 2026, and its net interest expense rose to $47 million in Q1 2026 compared to $25 million in Q1 2025, raising concerns about its financial leverage.
2. Costs and Uncertainties Associated with ADI Global Distribution Spin-off.
The ongoing plan to spin off ADI Global Distribution contributed to increased operational expenses, with $24 million in separation costs incurred in Q1 2026. These costs, alongside higher selling, general, and administrative expenses and increased research and development spending, led to a decline in income from operations to $102 million from $136 million in the prior year. While intended to unlock value, the short-term financial impact and operational complexities likely fueled investor caution.
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Stock Movement Drivers
Fundamental Drivers
The -18.3% change in REZI stock from 2/28/2026 to 6/15/2026 was primarily driven by a -18.7% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6152026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.70 | 31.62 | -18.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,472 | 7,614 | 1.9% |
| P/S Multiple | 0.8 | 0.6 | -18.7% |
| Shares Outstanding (Mil) | 149 | 151 | -1.3% |
| Cumulative Contribution | -18.3% |
Market Drivers
2/28/2026 to 6/15/2026| Return | Correlation | |
|---|---|---|
| REZI | -18.3% | |
| Market (SPY) | 10.3% | 44.3% |
| Sector (XLI) | 1.2% | 54.8% |
Fundamental Drivers
The -4.2% change in REZI stock from 11/30/2025 to 6/15/2026 was primarily driven by a -5.1% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6152026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.99 | 31.62 | -4.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,435 | 7,614 | 2.4% |
| P/S Multiple | 0.7 | 0.6 | -5.1% |
| Shares Outstanding (Mil) | 149 | 151 | -1.3% |
| Cumulative Contribution | -4.2% |
Market Drivers
11/30/2025 to 6/15/2026| Return | Correlation | |
|---|---|---|
| REZI | -4.2% | |
| Market (SPY) | 11.1% | 47.2% |
| Sector (XLI) | 17.0% | 50.5% |
Fundamental Drivers
The 52.8% change in REZI stock from 5/31/2025 to 6/15/2026 was primarily driven by a 44.2% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6152026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.70 | 31.62 | 52.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,045 | 7,614 | 8.1% |
| P/S Multiple | 0.4 | 0.6 | 44.2% |
| Shares Outstanding (Mil) | 148 | 151 | -2.0% |
| Cumulative Contribution | 52.8% |
Market Drivers
5/31/2025 to 6/15/2026| Return | Correlation | |
|---|---|---|
| REZI | 52.8% | |
| Market (SPY) | 29.5% | 46.0% |
| Sector (XLI) | 26.8% | 44.0% |
Fundamental Drivers
The 97.3% change in REZI stock from 5/31/2023 to 6/15/2026 was primarily driven by a 70.7% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6152026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.03 | 31.62 | 97.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,413 | 7,614 | 18.7% |
| P/S Multiple | 0.4 | 0.6 | 70.7% |
| Shares Outstanding (Mil) | 147 | 151 | -2.6% |
| Cumulative Contribution | 97.3% |
Market Drivers
5/31/2023 to 6/15/2026| Return | Correlation | |
|---|---|---|
| REZI | 97.3% | |
| Market (SPY) | 87.7% | 51.2% |
| Sector (XLI) | 92.9% | 56.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| REZI Return | 22% | -37% | 14% | 22% | 52% | -10% | 49% |
| Peers Return | 35% | -12% | 10% | 10% | 20% | -5% | 62% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| REZI Win Rate | 58% | 42% | 42% | 42% | 50% | 50% | |
| Peers Win Rate | 60% | 40% | 50% | 48% | 62% | 43% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| REZI Max Drawdown | -28% | -42% | -28% | -22% | -38% | -35% | |
| Peers Max Drawdown | -21% | -37% | -36% | -23% | -24% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 6/15/2026 (YTD)
How Low Can It Go
| Event | REZI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.8% | -18.8% |
| % Gain to Breakeven | 48.8% | 23.1% |
| Time to Breakeven | 77 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.9% | -9.5% |
| % Gain to Breakeven | 28.1% | 10.5% |
| Time to Breakeven | 48 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.4% | -6.7% |
| % Gain to Breakeven | 19.6% | 7.1% |
| Time to Breakeven | 259 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.0% | -24.5% |
| % Gain to Breakeven | 38.9% | 32.4% |
| Time to Breakeven | 786 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -61.1% | -33.7% |
| % Gain to Breakeven | 157.1% | 50.9% |
| Time to Breakeven | 73 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -33.3% | -19.2% |
| % Gain to Breakeven | 49.9% | 23.8% |
| Time to Breakeven | 829 days | 105 days |
In The Past
Resideo Technologies's stock fell -32.8% during the 2025 US Tariff Shock. Such a loss loss requires a 48.8% gain to breakeven.
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Asset Allocation
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| Event | REZI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.8% | -18.8% |
| % Gain to Breakeven | 48.8% | 23.1% |
| Time to Breakeven | 77 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.9% | -9.5% |
| % Gain to Breakeven | 28.1% | 10.5% |
| Time to Breakeven | 48 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.0% | -24.5% |
| % Gain to Breakeven | 38.9% | 32.4% |
| Time to Breakeven | 786 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -61.1% | -33.7% |
| % Gain to Breakeven | 157.1% | 50.9% |
| Time to Breakeven | 73 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -33.3% | -19.2% |
| % Gain to Breakeven | 49.9% | 23.8% |
| Time to Breakeven | 829 days | 105 days |
In The Past
Resideo Technologies's stock fell -32.8% during the 2025 US Tariff Shock. Such a loss loss requires a 48.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Resideo Technologies (REZI)
AI Analysis | Feedback
Here are 1-3 brief analogies for Resideo Technologies (REZI):
It's like 'Honeywell for home comfort and security products'—the company behind many of the thermostats and residential alarm systems you see.
Imagine a specialized 'Grainger or Ferguson for professional smart home and security installers'—a major distributor to contractors for building technology products.
AI Analysis | Feedback
- Comfort and Thermal Solutions: Resideo provides products for temperature and humidity control, along with thermal water and air solutions for residential environments.
- Security Products: This segment includes security panels, sensors, peripherals, video cameras, communication devices, and related software and cloud infrastructure, often under the Honeywell Home brand.
- Low-Voltage Product Distribution: Through ADI Global Distribution, Resideo distributes a wide array of low-voltage products, such as security, smart home, fire, power, audio, and networking items, to contractors.
AI Analysis | Feedback
Resideo Technologies (REZI) primarily sells its products and solutions to other businesses (B2B) rather than directly to individual consumers. The provided company description does not name specific major customer companies, but it clearly outlines the types of business customers it serves through its various sales channels and segments.
The major categories of customers for Resideo Technologies include:
- Contractors and Service Providers: These are businesses, such as HVAC installers, security system integrators, and other trade professionals, that purchase Resideo's security, comfort, and thermal solutions for installation and maintenance in non-residential (commercial) and residential end-user properties.
- Distributors: These are companies that buy Resideo's products in bulk and then resell them to a network of installers, contractors, service providers, and potentially smaller retailers.
- Original Equipment Manufacturers (OEMs): These are other manufacturing companies that integrate Resideo's components, such as Honeywell Home branded controls and thermal solutions, into their own finished products or systems.
- Retailers and Online Channels: These are businesses, such as large retail chains and e-commerce platforms, that purchase Resideo's products (e.g., smart home devices, thermostats) to sell directly to consumers.
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Jay Geldmacher, President and Chief Executive Officer
Jay Geldmacher was appointed President and CEO of Resideo Technologies in May 2020. A veteran of the industry with 30 years of experience, he has a track record of leading complex industrial and technology spinouts and has consistently delivered results in both public and private equity-backed companies. Prior to joining Resideo, he served as President and CEO of Electro Rent Corp, a Platinum Equity portfolio company. He was also the President and CEO of Artesyn Embedded Technologies, a joint venture between Emerson Electric and Platinum Equity, and held various roles of increasing responsibility at Emerson Electric Company. Geldmacher is planning to retire in 2025.
Michael Carlet, Chief Financial Officer
Michael Carlet was appointed Chief Financial Officer of Resideo Technologies, effective August 9, 2024. He brings extensive experience in finance and industry, having led companies through significant growth and transformation. Previously, Carlet served as the CFO of Snap One, where he oversaw its transformation from an e-commerce business into an omnichannel provider, managing several successful M&A transactions and guiding the company through its IPO in 2021. Before Snap One, he held positions as CFO/COO of Sears Automotive and CFO of Driven Brands, leading the latter through multiple ownership changes, including four successful recapitalization events with various private equity firms.
Thomas Surran, President, Products & Solutions
Thomas Surran was appointed President of Resideo's Products & Solutions business in December 2023. He possesses a comprehensive background in product management, new product introduction, and operational excellence. Before joining Resideo, Surran served as Chief Operating Officer at FLIR, where he was responsible for engineering, manufacturing, logistics, and sales, and drove profitability improvements. Prior to that, he was the General Manager for FLIR's Raymarine business unit, where he revitalized the business and overhauled product development processes.
Robert Aarnes, President, ADI Global Distribution
Robert Aarnes serves as the President of ADI Global Distribution at Resideo Technologies.
Jeannine Lane, Executive Vice President, General Counsel & Corporate Secretary
Jeannine Lane holds the position of Executive Vice President, General Counsel & Corporate Secretary at Resideo Technologies.
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Here are the key risks to Resideo Technologies' business:
- Financial Leverage and Profitability Concerns: Resideo Technologies significantly increased its gross debt to approximately $3.24 billion by Q3 2025 following a $1.59 billion one-time payment to Honeywell in August 2025 to terminate an indemnification agreement, which also sharply contracted its core cash flow. The company has faced scrutiny regarding the consistency of its profitability, with a significant full-year 2025 net loss alongside a strong fourth-quarter profit. Analysts have also noted concerns about declining free cash flow margins and return on invested capital (ROIC), indicating potential underlying business problems or poor financial management.
- Intense Competition and Evolving Market Dynamics: Resideo operates in highly competitive smart home, security, and distribution markets, facing rivals from direct competitors like ADT and Vivint, to tech giants such as Google (Nest) and Amazon (Ring), and industrial players including Siemens and Johnson Controls. The rapid evolution of these markets necessitates continuous innovation and differentiation, which can strain resources and pressure margins. Furthermore, its Products & Solutions segment is vulnerable to the cyclical nature of the housing market, with slowdowns in residential construction or renovation potentially impacting its performance.
- Supply Chain Dependencies: The company relies on a global supply chain for essential materials such as copper, steel, aluminum, and electronic components. This dependency exposes Resideo to risks of supplier disruptions, fluctuations in raw material prices, and geopolitical tensions, which can lead to increased costs, delayed shipments, and an inability to meet customer demand.
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The growing prevalence and consumer adoption of DIY (Do-It-Yourself) and self-monitored smart home and security systems from companies like SimpliSafe, Ring, and Nest, which increasingly bypass the need for professional installation and traditional hardware sales channels that Resideo serves.
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Resideo Technologies (REZI) operates in several addressable markets related to comfort, residential thermal, and security solutions, both for residential and commercial end-users globally. The addressable market sizes for its main products and services are as follows:
- Smart Home Solutions: The global smart home market was estimated to be valued at approximately USD 216.3 billion in 2025.
- Residential Security: The global residential security market was valued at approximately USD 107.57 billion in 2024.
- Commercial Security Systems: The global commercial security system market size was calculated at approximately USD 274.67 billion in 2025.
- HVAC Control Systems: The global HVAC control system market is projected to be valued at approximately USD 21.9 billion in 2025.
- Smart Thermostats: The global smart thermostat market size was calculated at approximately USD 5.97 billion in 2025.
- Residential Water Heaters: The global residential water heater market size was approximately USD 31.93 billion in 2024.
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Here are the expected drivers of future revenue growth for Resideo Technologies (REZI) over the next 2-3 years:- Strategic Acquisitions: The acquisition of Snap One, completed in June 2024, is a significant driver. This acquisition is expected to broaden Resideo's offerings and geographical reach within the audiovisual and smart living sectors, anticipating a larger market presence and increased revenue. It is projected to contribute approximately $550 million in revenue and $65 million in adjusted EBITDA for the full year 2024 and is expected to be accretive to adjusted EPS in 2025.
- Product Innovation and Expansion in Smart Home and Security Solutions: Resideo's growth strategy heavily relies on leveraging technology and innovation. This involves a commitment to research and development, digital transformation, and integrating advanced technologies into its offerings. The company is expanding its portfolio in smart home technology and security systems, with examples including the launch of Honeywell Home FocusPRO thermostats in the second half of 2024 and Q1 2025, and the introduction of First Alert VISTA H Series and CX4 Camera Series.
- Organic Growth across Products & Solutions and ADI Global Distribution Segments: Both of Resideo's core segments are expected to see continued organic revenue growth. In Q3 2024, both the Products & Solutions and ADI segments achieved mid-single-digit organic revenue growth. Products & Solutions reported 6% organic growth in Q1 2025, driven by customer demand for new products and price realization. The ADI segment also achieved 4% organic net revenue growth in Q1 2025, with organic average daily sales growing 7% year-over-year.
- Recovery and Growth in the Repair and Remodel (R&R) Industry: Resideo anticipates that its future prospects will be bolstered by an expected recovery in the Repair and Remodel industry. Projections indicate growth of 1.4% in Q1 2025 and 1.8% thereafter, which is a key factor in Resideo's strategy to increase its market share.
- Growth in the Residential New Construction Market: The company has demonstrated strong performance in the residential new construction market through its BRK branded products. Resideo's efforts to develop relationships with homebuilders have resulted in three consecutive quarters of year-over-year double-digit growth for BRK.
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Share Repurchases
- Resideo Technologies announced a share repurchase program in August 2023, authorizing the company to purchase up to $150 million of its common stock over an unlimited time period.
- As of March 29, 2025, approximately $108 million of authorized repurchases remained under this program.
- During the three months ended March 30, 2024, the company repurchased 0.1 million shares of common stock at a total cost of $1 million.
Share Issuance
- In connection with the acquisition of Snap One, Resideo issued 500,000 shares of Series A Cumulative Convertible Participating Preferred Stock on June 14, 2024.
- Proceeds from the issuance of preferred stock, net of issuance costs, amounted to $482 million in 2025.
Outbound Investments
- Resideo acquired Snap One in April 2024, a company that manufactures and distributes smart services for homes and businesses. This acquisition was partly financed by a $600 million incremental term loan.
- The company has completed a total of 10 acquisitions, with activity peaking in 2022 (3 acquisitions) and with 2 acquisitions each in 2023 and 2021.
- Acquisitions have primarily focused on the United States and Germany, with the most frequent activity in Smart Homes and B2B E-Commerce sectors.
Capital Expenditures
- Capital expenditures for the full year 2025 were $116 million, and $37 million for the fourth quarter of 2025.
- In 2024, capital expenditures were $80 million for the full year and $22 million for the fourth quarter.
- Research and development expenses increased in 2025 due to investments in projects intended to drive future growth.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 41.52 |
| Mkt Cap | 5.1 |
| Rev LTM | 4,649 |
| Op Inc LTM | 746 |
| FCF LTM | 425 |
| FCF 3Y Avg | 388 |
| CFO LTM | 480 |
| CFO 3Y Avg | 440 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.3% |
| Rev Chg 3Y Avg | 5.8% |
| Rev Chg Q | 9.0% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 8.2% |
| Op Inc Chg 3Y Avg | 21.7% |
| Op Mgn LTM | 17.2% |
| Op Mgn 3Y Avg | 16.2% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 18.1% |
| CFO/Rev 3Y Avg | 18.6% |
| FCF/Rev LTM | 16.3% |
| FCF/Rev 3Y Avg | 16.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.1 |
| P/S | 2.5 |
| P/Op Inc | 15.0 |
| P/EBIT | 13.0 |
| P/E | 17.9 |
| P/CFO | 13.6 |
| Total Yield | 5.1% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 4.7% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.5% |
| 3M Rtn | -4.3% |
| 6M Rtn | -11.9% |
| 12M Rtn | 19.1% |
| 3Y Rtn | 15.9% |
| 1M Excs Rtn | 1.0% |
| 3M Excs Rtn | -17.0% |
| 6M Excs Rtn | -22.8% |
| 12M Excs Rtn | -8.5% |
| 3Y Excs Rtn | -54.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| ADI Global Distribution | 4,784 | 4,197 | 3,570 | 3,587 | 3,378 |
| Products and Solutions | 2,688 | 2,564 | 2,672 | 2,783 | 2,468 |
| Total | 7,472 | 6,761 | 6,242 | 6,370 | 5,846 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Products and Solutions | 555 | 503 | 446 | 527 | 541 |
| ADI Global Distribution | 212 | 195 | 238 | 313 | 268 |
| Other corporate items | -2 | -3 | -9 | ||
| Restructuring, impairment and extinguishment costs | -3 | -19 | |||
| Business separation costs | -18 | ||||
| Selling, general and administrative expenses | -137 | -156 | -125 | ||
| Restructuring expenses | -3 | ||||
| Corporate | -229 | -250 | |||
| Total | 607 | 520 | 547 | 611 | 559 |
Price Behavior
| Market Price | $31.62 | |
| Market Cap ($ Bil) | 4.8 | |
| First Trading Date | 10/15/2018 | |
| Distance from 52W High | -28.9% | |
| 50 Days | 200 Days | |
| DMA Price | $35.02 | $36.25 |
| DMA Trend | up | down |
| Distance from DMA | -9.7% | -12.8% |
| 3M | 1YR | |
| Volatility | 56.5% | 57.1% |
| Downside Capture | 173.21 | 177.09 |
| Upside Capture | 75.75 | 177.29 |
| Correlation (SPY) | 39.8% | 46.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.96 | 2.41 | 2.03 | 2.12 | 2.30 | 1.59 |
| Up Beta | 6.12 | 3.24 | 2.55 | 2.55 | 2.50 | 1.38 |
| Down Beta | 5.79 | 3.94 | 2.22 | 2.60 | 3.28 | 1.69 |
| Up Capture | -147% | 45% | 90% | 160% | 277% | 570% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 7 | 23 | 33 | 64 | 134 | 388 |
| Down Capture | 509% | 343% | 235% | 178% | 153% | 111% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 13 | 18 | 30 | 59 | 114 | 356 |
[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 | 52.1% | 57.1% | 0.96 | - |
| Sector ETF (XLI) | 26.0% | 16.2% | 1.24 | 44.0% |
| Equity (SPY) | 26.6% | 12.4% | 1.62 | 46.0% |
| Gold (GLD) | 27.1% | 27.5% | 0.86 | 3.0% |
| Commodities (DBC) | 28.6% | 19.1% | 1.19 | -19.8% |
| Real Estate (VNQ) | 12.2% | 13.5% | 0.60 | 27.2% |
| Bitcoin (BTCUSD) | -40.1% | 42.2% | -1.10 | 26.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REZI | |
|---|---|---|---|---|
| REZI | -0.4% | 46.8% | 0.16 | - |
| Sector ETF (XLI) | 13.0% | 17.5% | 0.58 | 59.8% |
| Equity (SPY) | 13.9% | 17.1% | 0.63 | 56.3% |
| Gold (GLD) | 17.5% | 18.2% | 0.78 | 4.2% |
| Commodities (DBC) | 7.9% | 19.4% | 0.30 | 8.1% |
| Real Estate (VNQ) | 2.5% | 18.8% | 0.03 | 44.0% |
| Bitcoin (BTCUSD) | 13.7% | 54.4% | 0.44 | 24.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REZI | |
|---|---|---|---|---|
| REZI | 1.0% | 58.4% | 0.27 | - |
| Sector ETF (XLI) | 14.2% | 20.0% | 0.62 | 52.2% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 47.6% |
| Gold (GLD) | 12.8% | 16.1% | 0.66 | 4.2% |
| Commodities (DBC) | 6.4% | 18.0% | 0.28 | 17.1% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 41.1% |
| Bitcoin (BTCUSD) | 59.8% | 66.8% | 1.00 | 20.4% |
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Earnings Returns History
Updated 6/15/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/12/2026 | -17.9% | -27.0% | -15.0% |
| 2/24/2026 | 14.4% | 4.4% | -0.3% |
| 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% |
| 4/15/2024 | -2.9% | -5.2% | 7.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 14 |
| # Negative | 7 | 8 | 7 |
| Median Positive | 9.5% | 6.8% | 11.0% |
| Median Negative | -5.7% | -6.0% | -11.0% |
| Max Positive | 35.6% | 65.0% | 76.1% |
| Max Negative | -32.2% | -31.5% | -31.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/12/2026 | 10-Q |
| 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 |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 5/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 1.92 Bil | 1.93 Bil | 1.94 Bil | ||||
| Q2 2026 Non-GAAP Adjusted EBITDA | 216.00 Mil | 223.00 Mil | 230.00 Mil | ||||
| Q2 2026 EPS | 0.71 | 0.73 | 0.75 | ||||
| 2026 Revenue | 7.80 Bil | 7.85 Bil | 7.90 Bil | 0 | Affirmed | Guidance: 7.85 Bil for 2026 | |
| 2026 Non-GAAP Adjusted EBITDA | 935.00 Mil | 960.00 Mil | 985.00 Mil | 0 | Affirmed | Guidance: 960.00 Mil for 2026 | |
| 2026 EPS | 3 | 3.1 | 3.2 | 0 | Affirmed | Guidance: 3.1 for 2026 | |
Prior: Q4 2025 Earnings Reported 2/24/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Net revenue | 1.87 Bil | 1.88 Bil | 1.89 Bil | ||||
| Q1 2026 Non-GAAP Adjusted EBITDA | 193.00 Mil | 200.00 Mil | 207.00 Mil | ||||
| Q1 2026 Non-GAAP Adjusted Earnings Per Share | 0.58 | 0.6 | 0.62 | ||||
| 2026 Net revenue | 7.80 Bil | 7.85 Bil | 7.90 Bil | ||||
| 2026 Non-GAAP Adjusted EBITDA | 935.00 Mil | 960.00 Mil | 985.00 Mil | ||||
| 2026 Non-GAAP Adjusted Earnings Per Share | 3 | 3.1 | 3.2 | ||||
Insider Activity
Updated 5/19/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Richardson, Nina | Direct | Sell | 4102026 | 29.67 | 2,789 | 82,750 | 1,717,478 | Form | |
| 2 | Cd&r, Channel Holdings Ii, LP | Direct | Buy | 11132025 | 31.82 | 566,758 | 18,034,557 | 476,051,241 | 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 | 30.54 | 390,000 | 11,912,082 | 427,421,813 | Form | |
| 5 | Cd&r, Channel Holdings Ii, LP | Direct | Buy | 11132025 | 30.69 | 333,000 | 10,219,837 | 417,501,317 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Trading Companies & Distributors Resources |
| Modern Distribution Management (MDM) |
| Industrial Distribution |
| Supply Chain Digital |
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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