Latest Ratios: P/E Ratio -4.9x · EV/EBITDA 7.8x · ROE -16.9%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.0B | $3.6B | $2.4B | $1.9B | $1.7B | $2.7B | $1.9B | $1.0B | $1.8B | — | — |
| Enterprise Value | $6.5B | $6.2B | $3.7B | $2.7B | $2.8B | $3.2B | $2.5B | $2.1B | $2.7B | — | — |
| P/E Ratio → | -4.85 | — | 26.30 | 9.23 | 6.03 | 11.11 | 51.00 | 28.62 | 4.33 | — | — |
| P/S Ratio | 0.53 | 0.49 | 0.35 | 0.31 | 0.27 | 0.46 | 0.37 | 0.21 | 0.36 | — | — |
| P/B Ratio | 0.93 | 1.25 | 0.72 | 0.71 | 0.67 | 1.19 | 0.94 | 0.64 | 1.14 | — | — |
| P/FCF | — | — | 6.57 | 5.79 | 25.46 | 10.67 | 10.74 | — | 4.60 | — | — |
| P/OCF | — | — | 5.38 | 4.41 | 11.22 | 8.53 | 7.66 | 44.47 | 3.80 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.83 | 0.55 | 0.44 | 0.44 | 0.54 | 0.50 | 0.42 | 0.56 | — | — |
| EV / EBITDA | 7.83 | 7.42 | 5.62 | 4.26 | 4.02 | 4.91 | 6.33 | 6.16 | 4.81 | — | — |
| EV / EBIT | 10.21 | — | 12.36 | 7.27 | 6.00 | 7.94 | 15.33 | 14.86 | 21.69 | — | — |
| EV / FCF | — | — | 10.25 | 8.21 | 42.28 | 12.60 | 14.44 | — | 7.06 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.8% | 27.8% | 28.1% | 27.2% | 27.7% | 27.1% | 25.9% | 25.6% | 29.5% | 29.1% | 30.6% |
| Operating Margin | 8.6% | 8.6% | 7.7% | 8.8% | 9.6% | 9.6% | 6.1% | 5.2% | 10.2% | 9.8% | 11.1% |
| Net Profit Margin | -7.1% | -7.1% | 1.7% | 3.4% | 4.4% | 4.1% | 0.7% | 0.7% | 8.4% | -8.7% | 4.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -16.9% | -16.9% | 3.8% | 8.0% | 11.8% | 11.4% | 2.1% | 2.3% | 19.6% | -14.4% | 6.2% |
| ROA | -6.3% | -6.3% | 1.6% | 3.2% | 4.6% | 4.2% | 0.7% | 0.7% | 8.6% | -9.0% | 4.1% |
| ROIC | 9.5% | 9.5% | 9.5% | 11.4% | 14.3% | 15.6% | 8.8% | 7.5% | 14.7% | 12.4% | 13.1% |
| ROCE | 9.8% | 9.8% | 9.0% | 11.0% | 13.3% | 13.3% | 8.1% | 7.3% | 14.5% | 13.6% | 15.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.11 | 1.11 | 0.61 | 0.53 | 0.57 | 0.56 | 0.58 | 0.74 | 0.78 | — | — |
| Debt / EBITDA | 3.86 | 3.86 | 3.06 | 2.24 | 2.06 | 1.95 | 2.93 | 3.49 | 2.15 | — | — |
| Net Debt / Equity | — | 0.88 | 0.41 | 0.30 | 0.45 | 0.22 | 0.32 | 0.66 | 0.61 | -0.02 | -0.02 |
| Net Debt / EBITDA | 3.07 | 3.07 | 2.02 | 1.26 | 1.60 | 0.75 | 1.62 | 3.13 | 1.67 | -0.11 | -0.08 |
| Debt / FCF | — | — | 3.69 | 2.42 | 16.82 | 1.93 | 3.71 | — | 2.46 | — | -0.59 |
| Interest Coverage | -2.34 | -2.34 | 3.73 | 5.82 | 8.74 | 8.51 | 2.60 | 2.03 | 6.20 | — | 165.00 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.91 | 1.91 | 1.77 | 1.80 | 1.62 | 1.70 | 1.45 | 1.19 | 1.21 | 1.21 | 1.18 |
| Quick Ratio | 1.14 | 1.14 | 1.08 | 1.18 | 0.99 | 1.21 | 1.01 | 0.75 | 0.79 | 0.81 | 0.77 |
| Cash Ratio | 0.38 | 0.38 | 0.39 | 0.42 | 0.21 | 0.52 | 0.34 | 0.08 | 0.18 | 0.05 | 0.04 |
| Asset Turnover | — | 0.89 | 0.82 | 0.94 | 1.00 | 1.00 | 0.90 | 0.97 | 0.97 | 1.01 | 1.04 |
| Inventory Turnover | 3.99 | 3.99 | 3.93 | 4.83 | 4.72 | 5.76 | 5.59 | 5.53 | 5.42 | 6.89 | 7.10 |
| Days Sales Outstanding | — | 52.41 | 55.23 | 56.90 | 57.41 | 54.69 | 62.12 | 59.78 | 62.08 | 64.78 | 60.63 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.0% | 0.5% | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 10.3% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 3.8% | 10.8% | 16.6% | 9.0% | 2.0% | 3.5% | 23.1% | — | — |
| FCF Yield | — | — | 15.2% | 17.3% | 3.9% | 9.4% | 9.3% | — | 21.7% | — | — |
| Buyback Yield | 0.7% | 0.8% | 0.0% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 2.0% | 1.8% | 0.5% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $149M | $149M | $148M | $149M | $148M | $126M | $123M | $123M | $123M | $123M |
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying REZI stock.
Resideo Technologies, Inc.'s current P/E ratio is -4.9x. The historical average is 19.5x.
Resideo Technologies, Inc.'s current EV/EBITDA is 7.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.4x.
Resideo Technologies, Inc.'s return on equity (ROE) is -16.9%. The historical average is 3.4%.
Based on historical data, Resideo Technologies, Inc. is trading at a P/E of -4.9x. Compare with industry peers and growth rates for a complete picture.
Resideo Technologies, Inc.'s current dividend yield is 1.28%.
Resideo Technologies, Inc. has 27.8% gross margin and 8.6% operating margin.
Resideo Technologies, Inc.'s Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Housing market sensitivity
Metrics are mathematically derived from official filings.
Discounted Multiple Masks Earnings Distortions
REZI trades at 12.96x forward earnings and 9.76x EV/EBITDA, versus peers like JCI at 27.99x and CARR at 19.84x, per reported figures, suggesting the market prices in lower growth or higher risk.
The forward P/E of 12.96 appears inexpensive relative to the peer group, but this discount likely reflects the market's skepticism about earnings quality given the recent impairment-driven net loss and the cyclicality of the housing market. The EV/EBITDA of 9.76 is also below peers, yet this metric may overstate cash generation because it does not account for the Honeywell indemnity payments that reduce free cash flow. Investors should monitor whether the recent EPS beat of $0.83 versus $0.52 estimate is sustainable, as the wide variance suggests potential one-time benefits.
Margin Mix Shift Underpins Recovery
Gross margin expanded to 31.6% in 2026Q2 from 26.9% in 2024Q1, as reported, while operating margin held near 6.6%, indicating that mix improvements are being offset by rising SG&A costs.
The gross margin improvement suggests a favorable shift toward higher-margin proprietary products, but the operating margin has remained range-bound around 7-9% over the past ten quarters, implying that SG&A expenses—particularly for the ADI distribution network—are absorbing the gains. The net margin swung from -42.5% in 2025Q2 to 4.9% in 2026Q2, but this recovery is largely due to the absence of the prior impairment charge, not a fundamental change in earning power. The true profitability metric to watch is operating margin, which appears stable but lacks the operating leverage one might expect from revenue growth.
Capital Returns Compressed by Acquisition
ROIC has hovered between 1.6% and 3.1% over the last ten quarters, as per financial statements, well below the cost of capital, indicating that recent debt-funded acquisitions have not yet generated adequate returns.
The ROIC trend shows a slight improvement from 2.1% in 2024Q2 to 2.5% in 2025Q3, but the 2026Q2 figure of 1.6% reflects the increased capital base from the Snap One acquisition, which has not yet contributed proportionally to operating income. ROE has been volatile, swinging from -27.7% in 2025Q2 to 3.3% in 2026Q2, but this is distorted by the impairment charge. The company appears to be in a period of capital deployment where returns are temporarily depressed; investors should monitor whether the Snap One integration can lift ROIC above the cost of capital over the next few years.
Working Capital Drag Persists in Distribution
Cash conversion cycle lengthened to 74 days in 2026Q2 from 62 days in 2024Q1, as reported, driven by higher DIO of 92 days, indicating that inventory is tying up more cash in the ADI segment.
The increase in days inventory outstanding from 77 to 92 days over the period suggests that the distribution business is carrying more stock, possibly in anticipation of demand normalization or as a result of the Snap One product line integration. DSO has remained stable around 53-58 days, while DPO has been flat near 72 days, meaning the company is not extending supplier payments to offset the inventory build. This working capital expansion is a key reason why free cash flow has been volatile, with FCF margin swinging from -85.8% in 2025Q3 to 13.8% in 2025Q4, and it warrants close monitoring for any signs of structural inefficiency.
Debt-Fueled Expansion Raises Coverage Risk
Debt-to-equity jumped to 1.18 in 2026Q2 from 0.61 a year earlier, as reported, while interest coverage fell to 2.85x from 4.93x, indicating reduced financial flexibility post-Snap One acquisition.
The leverage increase is directly attributable to the Snap One deal, which added roughly $1.6 billion in debt, and the interest coverage ratio now sits at a level that leaves little room for earnings deterioration. The D/EBITDA ratio of 44.5x in 2026Q2 is distorted by the trailing twelve-month EBITDA being depressed by the impairment, but even on a normalized basis, leverage is likely above the 3-4x range typical for investment-grade companies. The company's ability to service this debt will depend on the successful integration of Snap One and the stability of the housing market; any prolonged downturn could strain coverage ratios further.
Liquidity Buffer Strengthens Despite Debt
Current ratio improved to 2.22 in 2026Q2 from 1.00 in 2025Q2, as reported, with cash at $549 million, indicating a solid short-term liquidity position despite higher leverage.
The improvement in the current ratio is notable, but it is partly due to the timing of the Snap One acquisition and the associated working capital. The quick ratio of 1.41 suggests that even without selling inventory, the company can cover its current liabilities, which is a positive sign for short-term solvency. However, the liquidity position could be tested if the housing market weakens and inventory levels continue to rise, as the cash conversion cycle is already at 74 days. The company's access to credit markets appears adequate given the recent debt issuance, but investors should monitor the refinancing risk as maturities approach.
Hybrid Model Trades at Conglomerate Discount
REZI's forward P/E of 12.96 is roughly half of JCI's 58.10 and CARR's 37.11, as per reported data, reflecting a discount that may be justified by its lower margins and higher leverage.
The valuation gap versus pure-play HVAC and security peers is substantial, but it is not entirely unwarranted given REZI's lower net margin (4.9% vs. JCI's 13.9%) and higher debt load. The ADI distribution segment, which generates high revenue but low margins, drags down the overall profitability metrics, making REZI look less attractive on a P/E basis. However, the EV/EBITDA multiple of 9.76 is closer to the peer group, suggesting that the market is giving some credit to the distribution business's cash-generating ability. The discount may narrow if the company can demonstrate that the Snap One acquisition improves the mix toward higher-margin software and services.
EV/EBITDA Misleads on Cash Generation
EV/EBITDA is commonly misapplied to REZI because it ignores the Honeywell indemnity payments, which are a permanent cash outflow, as disclosed in filings, making the multiple appear more attractive than it is.
The EV/EBITDA of 9.76 appears reasonable, but EBITDA does not capture the annual cash payments required under the Honeywell Reimbursement Agreement, which can be substantial and are not part of operating expenses. These payments reduce free cash flow, so a more appropriate metric would be EV/EBITDAR (earnings before interest, taxes, depreciation, amortization, and rent) or EV/operating cash flow, which would better reflect the true cash-generating capacity. Investors should adjust for these recurring outflows when comparing REZI to peers that do not have similar legacy liabilities, as the unadjusted multiple may understate the company's true leverage and overstate its valuation attractiveness.