Companies /Industrials

Resideo Technologies Inc

NYSE: REZI Industrial Distribution
$19.98
â–² $0.11 (+0.55%) today
Markets closed · 4:56pm ET

Q4 2025 Earnings

Reported Feb 24, 2026, 4:15pm ET · SEC source
$0.50
Miss −4.45%
EPS · est. $0.52
$1.9B
Beat +0.37%
Revenue · est. $1.9B
−10.0%
Trailing market
REZI vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+6%+12%+18%Feb 24Feb 25report 4:15pm ETearnings+0.9%+14.4%
0+6%+12%+18%Feb 24Feb 25earnings+0.9%+14.4%
REZI +14.4%S&P 500 +0.9%
0+6%+12%+18%Feb 24Feb 25report 4:15pm ETearnings+1.5%+14.4%
0+6%+12%+18%Feb 24Feb 25earnings+1.5%+14.4%
REZI +14.4%NASDAQ +1.5%
−10%−5%0Feb 23Mar 4report 4:15pm ETearnings−0.2%−6.3%
−10%−5%0Feb 23Mar 4earnings−0.2%−6.3%
REZI −6.3%S&P 500 −0.2%
−10%−5%0Feb 23Mar 4report 4:15pm ETearnings+0.6%−6.3%
−10%−5%0Feb 23Mar 4earnings+0.6%−6.3%
REZI −6.3%NASDAQ +0.6%
+14.39%
Day of report
−0.93%
Next session
−8.81%
One week
−18.48%
30 days

S&P 500 over the same 30 days: −8.52%.

Did REZI Beat Earnings? Q4 2025 Results

Resideo Technologies delivered a mixed Q4 2025 performance, beating on revenue while falling well short of earnings expectations. The company posted $1.90 billion in net revenue, up 2.0% year-over-year and ahead of the $1.85 billion consensus, but adjusted EPS of $0.50 missed the $0.77 estimate by 34.64%, a gap that underscores the lingering weight of elevated costs and debt following the Snap One integration. The standout driver was Products & Solutions, which grew 6% in the quarter and helped lift total gross margin by 110 basis points to 29.6%, even as ADI Global Distribution slipped 1% on soft video surveillance demand. Adjusted EBITDA of $226 million rose 21% year-over-year, capping a record full-year tally of $833 million. Looking ahead, management guided for 2026 revenue of $7.80 to $7.90 billion and Adjusted EPS of $3.00 to $3.20, with the planned separation of P&S and ADI into two independent public companies drawing investor attention, helping push shares up roughly 5% following the results.

Key Takeaways
  • Price realization primarily in the OEM channel
  • Customer demand for new products in electrical distribution and retail channels
  • Gross margin expansion at both P&S (eleven consecutive quarters) and ADI (seven consecutive quarters)
  • Manufacturing efficiencies driving P&S gross margin improvement
  • Favorable price and mix driving ADI gross margin improvement
  • Strong cash collections and timing of payments improving Q4 operating cash flow
  • E-commerce revenue grew 3% year-over-year at ADI
  • Cost discipline throughout 2025

“In the fourth quarter, Resideo delivered strong results that either exceeded or were at the high end of our outlook range. In 2025, Resideo exceeded the high-end of our outlook range for all of our key financial metrics and achieved record highs in net revenue, Adjusted EBITDA and Adjusted EPS.”

Resideo Technologies CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, Resideo expects net revenue of $1,866-$1,890 million, Adjusted EBITDA of $193-$207 million, and Adjusted EPS of $0.58-$0.62. For full year 2026, the company guides net revenue of $7,800-$7,900 million, Adjusted EBITDA of $935-$985 million, and Adjusted EPS of $3.00-$3.20. The company anticipates full year 2026 depreciation and amortization of $216 million, interest expense of $175 million, and stock-based compensation of $57 million.

REZI YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$600.0M$1.2B$1.8B$1.9B$1.9BRevenue$530.0M$560.0MGross Profit$144.0M$140.0MOperating Income$23.0M$136.0MNet Income
$0$600.0M$1.2B$1.8BRevenueGross ProfitOperating IncomeNet Income

REZI Revenue by Segment

ADI Global Distribution$1.2B−1.0%
Products & Solutions$712.0M+6.0%

Figures from SEC filings and company reports. Not investment advice.