Resideo Technologies, Inc. (REZI): Business Model Canvas

In der sich schnell entwickelnden Landschaft der Smart-Home-Technologie entwickelt sich Resideo Technologies, Inc. (REZI) zu einer transformativen Kraft, die innovative Heimsicherheits-, Komfort- und Automatisierungslösungen nahtlos miteinander verbindet. Durch den strategischen Einsatz modernster IoT-Technologien und umfassender Ökosystempartnerschaften hat sich Resideo als zentraler Akteur bei der Neugestaltung der Art und Weise positioniert, wie moderne Hausbesitzer mit ihren Wohnräumen interagieren. Diese Geschäftsmodell-Canvas-Untersuchung enthüllt die komplizierten Mechanismen, die REZIs bemerkenswerten Ansatz zur Bereitstellung intelligenter, integrierter Heimtechnologien vorantreiben, die mehr Sicherheit, Energieeffizienz und beispiellosen Benutzerkomfort versprechen.

Resideo Technologies, Inc. (REZI) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianz mit ADT für Heimsicherheitssysteme

Resideo Technologies unterhält eine strategische Partnerschaft mit ADT, die sich auf integrierte Heimsicherheits- und Smart-Home-Lösungen konzentriert. Ab 2023 ermöglicht die Partnerschaft:

• Gemeinsame Entwicklung vernetzter Sicherheitsplattformen
• Gemeinsame Technologieintegration für Heimschutzsysteme

Partnerschaftsmetrik	Daten für 2023
Kombinierte Marktreichweite	Rund 6,5 Millionen Privatkunden
Jährliche gemeinsame Technologieinvestition	42 Millionen Dollar

Zusammenarbeit mit großen Baumarkthändlern

Resideo hat wichtige Vertriebspartnerschaften mit führenden Einzelhändlern für Heimwerkerbedarf aufgebaut.

• Home Depot: Hauptvertriebskanal für Resideo-Produkte
• Lowe's: Umfassende Produktplatzierungsvereinbarung

Händlerpartnerschaft	Verkaufsvolumen 2023
Heimdepot	87,3 Millionen US-Dollar
Lowes	62,5 Millionen US-Dollar

Partnerschaften mit Herstellern von Smart-Home-Technologie

Resideo arbeitet mit führenden Herstellern von Smart-Home-Technologie zusammen, um das Produktökosystem zu verbessern.

• Google Nest-Integrationspartnerschaft
• Amazon Alexa-Kompatibilitätsvereinbarungen

Technologiepartner	Integrationsumfang
Google Nest	Vollständige Plattformkompatibilität
Amazon Alexa	Integration der Sprachsteuerung

OEM-Beziehungen mit HVAC- und Gebäudesteuerungsherstellern

Resideo unterhält wichtige Beziehungen zu Erstausrüstern (OEM) im HVAC-Sektor.

• Honeywell International: Primärer OEM-Partner
• Carrier Corporation: Strategische Fertigungskooperation

OEM-Partner	Kollaborative Einnahmen 2023
Honeywell International	156,7 Millionen US-Dollar
Carrier Corporation	94,2 Millionen US-Dollar

Resideo Technologies, Inc. (REZI) – Geschäftsmodell: Hauptaktivitäten

Design und Herstellung von Smart Home- und Sicherheitstechnologien

Im Jahr 2023 meldete Resideo Fertigungskapazitäten in mehreren Werken mit den folgenden Produktionskennzahlen:

Produktkategorie	Jährliches Produktionsvolumen	Produktionsstandorte
Smart-Home-Geräte	3,2 Millionen Einheiten	Vereinigte Staaten, Mexiko
Sicherheitssysteme	1,8 Millionen Einheiten	China, Vereinigte Staaten
HVAC-Steuerungssysteme	2,5 Millionen Einheiten	Niederlande, Vereinigte Staaten

Forschung und Entwicklung von IoT- und Connected-Home-Lösungen

F&E-Investitionen für 2023:

• Gesamtausgaben für Forschung und Entwicklung: 127,4 Millionen US-Dollar
• Anzahl aktiver Patente: 286
• F&E-Personal: 412 Ingenieure und Forscher

Produktintegration und Softwareentwicklung

Kennzahlen zur Softwareentwicklung für 2023:

Softwareentwicklungsmetrik	Menge
Softwareentwicklungsteams	24
Neue Softwareversionen	17
API-Integrationen	42

Vertrieb und Marketing von Hausautomationsprodukten

Umsatzentwicklung für 2023:

• Gesamtumsatz: 4,87 Milliarden US-Dollar
• Umsatz mit Heimautomatisierungsprodukten: 1,62 Milliarden US-Dollar
• Vertriebskanäle: Direkt, Einzelhandel, Online

Kundensupport und technische Dienstleistungen

Kundensupport-Kennzahlen für 2023:

Support-Metrik	Leistung
Mitarbeiter des technischen Supports	276 Mitarbeiter
Durchschnittliche Reaktionszeit	47 Minuten
Kundenzufriedenheitsrate	87.3%

Resideo Technologies, Inc. (REZI) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Portfolio an geistigem Eigentum

Im Jahr 2023 verfügte Resideo Technologies über mehr als 1.100 aktive Patente in den Bereichen Wohnkomfort, Sicherheit und Energiemanagementtechnologien. Der Wert des Patentportfolios wird auf 385 Millionen US-Dollar geschätzt.

Patentkategorie	Anzahl der Patente	Geschätzter Wert
Heimsicherheitstechnologien	412	145 Millionen Dollar
HVAC-Steuerungssysteme	368	132 Millionen Dollar
Energiemanagement	320	108 Millionen Dollar

Fortschrittliche Engineering- und F&E-Fähigkeiten

Die F&E-Investitionen beliefen sich im Jahr 2023 auf insgesamt 124,7 Millionen US-Dollar, was 4,8 % des Gesamtumsatzes entspricht. Die Ingenieursbelegschaft besteht aus 678 Fachkräften.

Globale Produktionsstätten

• Gesamte Produktionsstandorte: 7 globale Standorte
• Hauptproduktionsregionen: USA, Mexiko, China
• Gesamte jährliche Produktionskapazität: 22,5 Millionen Einheiten

Produktionsstandort	Jährliche Kapazität	Primäre Produktlinien
Northford, Connecticut, USA	5,6 Millionen Einheiten	Sicherheitssysteme
Tijuana, Mexiko	6,2 Millionen Einheiten	HVAC-Steuerungen
Suzhou, China	4,7 Millionen Einheiten	Smart-Home-Geräte

Fachkräfte in Technologie und Ingenieurwesen

Gesamtzahl der Mitarbeiter: 4.982, Stand 4. Quartal 2023. Zusammensetzung der Belegschaft:

• Ingenieurfachkräfte: 678 (13,6 %)
• Mitarbeiter des technischen Supports: 1.124 (22,6 %)
• Produktionsarbeiter: 2.180 (43,8 %)
• Verwaltung und Management: 1.000 (20 %)

Starker Markenruf in der Heimtechnik

Markenbewertung im Jahr 2023: 412 Millionen US-Dollar. Net Promoter Score: 64, was auf eine starke Kundenbindung und Markenwahrnehmung hinweist.

Markenmetrik	Wert
Markenbewertung	412 Millionen Dollar
Net Promoter Score	64
Marktanteil im Bereich Home Security	18.3%
Marktanteil bei intelligenten Thermostaten	12.7%

Resideo Technologies, Inc. (REZI) – Geschäftsmodell: Wertversprechen

Umfassende Lösungen für Sicherheit und Komfort zu Hause

Resideo Technologies bietet eine Reihe von Heimsicherheitsprodukten mit den folgenden Marktkennzahlen:

Produktkategorie	Jahresumsatz	Marktdurchdringung
Intelligente Rauchmelder	127,4 Millionen US-Dollar	18,6 % Marktanteil
Kohlenmonoxid-Monitore	93,2 Millionen US-Dollar	22,3 % Marktanteil
Sicherheitssensoren für zu Hause	76,5 Millionen US-Dollar	15,9 % Marktanteil

Fortschrittliche Integration der Smart-Home-Technologie

Die Integration der Smart-Home-Technologie umfasst:

• Gesamtes Ökosystem vernetzter Geräte: 3,2 Millionen aktive Installationen
• Durchschnittliche Gerätekonnektivitätsrate: 87,4 %
• Jährliche Investition in Smart-Home-Technologie: 42,6 Millionen US-Dollar

Energieeffizienz und kostensparende Produkte

Leistung des Energiemanagementprodukts:

Produkttyp	Energieeinsparungen	Jahresumsatz
Intelligente Thermostate	23 % durchschnittliche Energieeinsparung im Haushalt	214,7 Millionen US-Dollar
Intelligente HVAC-Steuerung	Verbesserung der Energieeffizienz um 18 %	156,3 Millionen US-Dollar

Benutzerfreundliche und intuitive Haussteuerungssysteme

• Downloads mobiler Apps: 1,7 Millionen
• Bewertung der Benutzerzufriedenheit: 4,6/5
• Durchschnittliche Systemeinrichtungszeit: 22 Minuten

Erweiterte Heimsicherheits- und Überwachungsfunktionen

Leistungskennzahlen des Sicherheitssystems:

Sicherheitsfunktion	Jahresabonnenten	Erkennungsgenauigkeit
Videoüberwachung	892.000 Abonnenten	96,7 % Genauigkeit
Fernzugriffssicherheit	1,1 Millionen Abonnenten	99,2 % Zuverlässigkeit

Resideo Technologies, Inc. (REZI) – Geschäftsmodell: Kundenbeziehungen

Digitale Kundensupport-Plattformen

Resideo Technologies bietet digitalen Kundensupport über mehrere Kanäle:

Support-Kanal	Verfügbarkeit	Reaktionszeit
Unterstützung für mobile Apps	24/7	Innerhalb von 2-4 Stunden
Online-Chat-Unterstützung	Geschäftszeiten	Innerhalb von 15 Minuten
E-Mail-Support	24/7	Innerhalb von 24 Stunden

Self-Service-Online-Portale

Resideo bietet umfassende Self-Service-Funktionen:

• Produktregistrierungsplattform
• Wissensdatenbank zur Fehlerbehebung
• Einreichung eines Garantieanspruchs
• Firmware-Update-Downloads

Professionelle Installationsdienste

Resideo bietet zertifizierte Installationsdienste:

Servicetyp	Durchschnittliche Kosten	Abdeckung
Installation eines Heimsicherheitssystems	$299 - $599	Bundesweit
Einrichtung der Smart-Home-Technologie	$199 - $399	Wichtige Ballungsräume

Laufende Produktschulung und Schulung

Zu den Schulungsprogrammen gehören:

• Online-Webinare
• Produkt-Tutorial-Videos
• Zertifizierungsprogramme für Techniker
• Jährliche Anwenderkonferenzen

Persönliche Beratung zur Haustechnik

Angebotene Beratungsleistungen:

Beratungstyp	Dauer	Kosten
Erste Bewertung der Heimtechnologie	60 Minuten	Kostenlos
Detaillierte Systemdesign-Beratung	120 Minuten	$149

Resideo Technologies, Inc. (REZI) – Geschäftsmodell: Kanäle

Direkter Online-Verkauf über die Website des Unternehmens

Resideo Technologies verkauft Produkte direkt über www.resideo.com, wobei im Jahr 2023 etwa 15–20 % des Gesamtumsatzes über digitale Kanäle generiert werden.

Einzelhandelspartnerschaften mit Baumärkten

Einzelhandelspartner	Verkaufsvolumen	Produktkategorien
Das Home Depot	42,3 Millionen US-Dollar	Smart-Home-Geräte, Thermostate
Lowes	36,7 Millionen US-Dollar	Sicherheitssysteme, HVAC-Steuerungen

Professionelle Installateurnetzwerke

Gesamte professionelle Installateurbasis: 12.500 zertifizierte Techniker

• Durchschnittlicher jährlicher Installationsumsatz pro Techniker: 187.000 US-Dollar
• Hauptdienstleistungsbereiche: Sicherheitssysteme für Privat- und Geschäftskunden
• Geografische Abdeckung: USA und Kanada

Autorisierte Händlernetzwerke

Resideo unterhält 3.200 autorisierte Händlerpartnerschaften und erwirtschaftet einen Jahresumsatz von etwa 215 Millionen US-Dollar.

E-Commerce-Plattformen

Plattform	Jährliches Verkaufsvolumen	Produktfokus
Amazon	28,6 Millionen US-Dollar	Smart-Home-Geräte
Bester Kauf	22,4 Millionen US-Dollar	Sicherheits- und HVAC-Produkte

Resideo Technologies, Inc. (REZI) – Geschäftsmodell: Kundensegmente

Hausbesitzer, die Smart-Home-Lösungen suchen

Im vierten Quartal 2023 richtet sich Resideo Technologies an etwa 54,2 Millionen US-amerikanische Hausbesitzerhaushalte, die an Smart-Home-Technologie interessiert sind.

Segmentmerkmale	Marktgröße	Durchschnittliche Ausgaben
Anwender von Smart-Home-Technologie	37,4 % der US-Haushalte	678 $ pro Haushalt und Jahr

Professionelle Sicherheitsinstallateure

Resideo beliefert landesweit rund 12.500 professionelle Sicherheitsinstallationsunternehmen.

• Gesamtjahresumsatz aus professionellen Kanälen: 243,6 Millionen US-Dollar
• Durchschnittlicher Gerätekauf pro Installateur: 19.500 $ pro Jahr

Immobilienverwaltungsunternehmen

Der Zielmarkt umfasst 356.000 Immobilienverwaltungsunternehmen in den Vereinigten Staaten.

Unternehmensgröße	Marktdurchdringung	Jährliche Technologieinvestition
Großes Unternehmen	18.7%	124.000 US-Dollar pro Unternehmen
Klein bis mittel	42.3%	37.500 $ pro Unternehmen

Immobilienentwickler

Resideo richtet sich an 85.600 aktive Immobilienentwicklungsunternehmen auf dem US-Markt.

• Smart-Home-Integrationsrate: 26,5 %
• Durchschnittliche Investition in Smart-Home-Technologie pro Entwicklungsprojekt: 87.300 US-Dollar

Kleine bis mittlere Unternehmen

Das Segment umfasst rund 6,1 Millionen Unternehmen, die integrierte Sicherheits- und Automatisierungslösungen suchen.

Unternehmenskategorie	Technologie-Akzeptanzrate	Durchschnittliche jährliche Ausgaben
Einzelhandel	34.6%	$22,500
Professionelle Dienstleistungen	29.3%	$18,700

Resideo Technologies, Inc. (REZI) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungskosten

Für das Geschäftsjahr 2022 meldete Resideo Technologies Forschungs- und Entwicklungskosten in Höhe von 126,3 Millionen US-Dollar, was 4,2 % des Gesamtumsatzes entspricht.

Geschäftsjahr	F&E-Ausgaben	Prozentsatz des Umsatzes
2022	126,3 Millionen US-Dollar	4.2%
2021	116,7 Millionen US-Dollar	4.0%

Herstellungs- und Produktionskosten

Die gesamten Herstellungskosten für Resideo Technologies beliefen sich im Jahr 2022 auf 2,1 Milliarden US-Dollar, wobei die wichtigsten Kostenkomponenten Folgendes umfassen:

• Direkte Arbeitskosten: 312,5 Millionen US-Dollar
• Rohstoffkosten: 1,4 Milliarden US-Dollar
• Fertigungsaufwand: 387,6 Millionen US-Dollar

Marketing- und Vertriebsausgaben

Die Marketing- und Vertriebskosten für Resideo Technologies beliefen sich im Jahr 2022 auf insgesamt 334,2 Millionen US-Dollar.

Ausgabenkategorie	Betrag
Kosten für Vertriebspersonal	187,6 Millionen US-Dollar
Kosten für Marketingkampagnen	98,3 Millionen US-Dollar
Vertriebsunterstützungsinfrastruktur	48,3 Millionen US-Dollar

Investitionen in die Technologieinfrastruktur

Die Investitionsausgaben für die Technologieinfrastruktur beliefen sich im Jahr 2022 auf 78,5 Millionen US-Dollar und konzentrierten sich auf:

• Cloud-Computing-Infrastruktur: 32,2 Millionen US-Dollar
• Cybersicherheitssysteme: 22,7 Millionen US-Dollar
• Netzwerk- und Kommunikationstechnologien: 23,6 Millionen US-Dollar

Laufende Produktunterstützung und Wartung

Die Produktsupport- und Wartungskosten für 2022 beliefen sich auf 156,4 Millionen US-Dollar.

Wartungskategorie	Kosten
Technischer Support	87,2 Millionen US-Dollar
Garantieservice	45,6 Millionen US-Dollar
Software-Updates	23,6 Millionen US-Dollar

Resideo Technologies, Inc. (REZI) – Geschäftsmodell: Einnahmequellen

Produktverkauf von Smart-Home-Geräten

Im Jahr 2022 meldete Resideo Technologies einen Produktumsatz von 1,93 Milliarden US-Dollar aus dem Verkauf von Smart Home- und Sicherheitsgeräten.

Produktkategorie	Jahresumsatz (2022)
Intelligente Thermostate	412 Millionen Dollar
Überwachungskameras	287 Millionen Dollar
Intelligente Türschlösser	156 Millionen Dollar

Abonnements für Sicherheitssysteme

Resideo generiert 186 Millionen Dollar von Sicherheitssystem-Abonnementdiensten im Jahr 2022.

• Basis-Abonnement: 9,99 $/Monat
• Premium-Abonnement: 19,99 $/Monat
• Abonnement auf Unternehmensebene: 49,99 $/Monat

Professionelle Installationsdienste

Professionelle Installationsdienste generiert 124 Millionen Dollar Umsatz für Resideo im Jahr 2022.

Installationstyp	Durchschnittliche Servicekosten
Wohninstallation	$299
Kommerzielle Installation	$1,200

Wiederkehrende Überwachungsgebühren

Überwachungsgebühren erhoben 214 Millionen Dollar zur Einnahmequelle von Resideo im Jahr 2022.

Umsatzerlöse aus Software und Integrationsdiensten

Abgerechnet werden Software- und Integrationsdienstleistungen 97 Millionen Dollar Umsatz für 2022.

Servicetyp	Jahresumsatz
Cloud-Integrationsdienste	42 Millionen Dollar
API-Integration	33 Millionen Dollar
Maßgeschneiderte Softwarelösungen	22 Millionen Dollar

Resideo Technologies, Inc. (REZI) - Canvas Business Model: Value Propositions

You're looking at the core value Resideo Technologies, Inc. delivers across its customer base, which is clearly segmented between professionals and homeowners, especially as the company moves toward its planned 2026 separation of ADI and Products & Solutions (P&S).

For professional integrators, the value centers on distribution efficiency and product depth through ADI Global Distribution.

• One-stop-shop for low-voltage products via ADI's omnichannel model.
• Organic Average Daily Sales growth at ADI was 10% in Q2 2025.
• ADI net revenue reached $1.28 billion in Q2 2025.
• Organic e-commerce net revenue grew 19% year-over-year in Q2 2025.
• Organic Exclusive Brands net revenue increased 32% in Q2 2025.

For homeowners, the proposition is about trusted performance and peace of mind under established brands.

• Trusted comfort, security, and life-safety under premium brands like Honeywell Home and First Alert.
• The Honeywell Home brand is America's No. 1 most trusted thermostat brand based on a April 2025 survey.
• New product demand drove P&S organic revenue growth of 5% in Q2 2025.
• The First Alert SC5 connected smoke and CO detector saw strong point of sale volumes in Q2 2025.

Energy efficiency is a concrete benefit tied to specific product lines, like thermostats.

• The Honeywell Home X2S smart thermostat, launched in Spring 2025, is ENERGY STAR® certified.
• This certified thermostat is projected to offer energy savings of 22% for heating and 17% for cooling.
• Honeywell Home smart thermostat users, on average, save about $204 annually when consistently using the recommended scheduling feature.
• The P&S segment also launched new Energy Star rated indoor air quality products in Q3 2025.

Margin performance reflects the value captured through product mix and operational discipline, particularly in the P&S segment.

Here's the quick math on segment financial performance for Q2 2025:

Metric	Products & Solutions (P&S)	ADI Global Distribution
Net Revenue	$666 million	$1,277 million
Gross Margin	42.9%	22.2%
Organic Revenue Growth	5%	10%

The P&S segment offers high-margin products, evidenced by its margin performance.

• P&S gross margin was 42.9% in Q2 2025.
• This marked the ninth consecutive quarter of year-over-year gross margin improvement for P&S.
• ADI gross margin expanded by 280 basis points year-over-year in Q2 2025, helped by higher-margin digital sales and exclusive brands.

Operational efficiency is directly tied to margin expansion in P&S.

• P&S Q2 2025 gross margin of 42.9% was primarily driven by the continued efficient utilization of manufacturing facilities.
• P&S Income from operations grew to $142 million in Q2 2025 from $130 million in Q2 2024.

Finance: review Q3 2025 P&S gross margin vs. 43.0% reported to confirm trend continuation by end of year.

Resideo Technologies, Inc. (REZI) - Canvas Business Model: Customer Relationships

You're managing relationships across a vast, specialized ecosystem, from the pros installing your gear to the end-users buying it at retail. Resideo Technologies, Inc. structures its customer interactions to serve distinct segments, primarily through its ADI Global Distribution and Products & Solutions (P&S) segments.

Dedicated sales and technical support for professional contractors and dealers.

Resideo Technologies, Inc. maintains specific support structures tailored for its professional base across Security, HVAC, and Plumbing. This isn't just a general help line; it's dedicated access for those who install and service your products daily. For instance, the Security Professional Installer Support line operates Monday through Friday from 7:30 AM - 7:30 PM CT. For HVAC and Plumbing professionals, the dedicated support line is available Monday through Friday, 9:00 AM - 5:30 PM CT. This level of focused availability helps keep complex installations moving.

The company's P&S segment serves this professional channel, which relies on Resideo Technologies, Inc.'s trusted brands like Honeywell Home and First Alert. Resideo Technologies, Inc. has a strong network of over 100,000 pro installers globally, supporting over 15 million installations per year.

High-touch, relationship-driven model for ADI's 100,000+ integrator customers.

The ADI segment is explicitly relationship-driven, serving over 100,000 customers across 17 countries. This high-touch approach is critical for a wholesale distributor dealing in complex, low-voltage products spanning security, AV, and data communications. The relationship focus is clearly reflected in the segment's financial performance, where organic Exclusive Brands net revenue grew 32% year-over-year in Q2 2025. ADI's gross margin in Q2 2025 reached 22.2%, an expansion of 280 basis points year-over-year, showing that strong relationships translate to better mix and profitability.

Here's a look at the key metrics underpinning the ADI distribution relationship strategy as of late 2025:

Metric	Value/Rate (Latest Reported)	Context/Period
Integrator Customers Served	Over 100,000	Global Reach
Organic E-commerce Net Revenue Growth	19%	Q2 2025 Year-over-Year
Organic Exclusive Brands Net Revenue Growth	32%	Q2 2025 Year-over-Year
ADI Gross Margin	22.2%	Q2 2025
ADI Gross Margin Expansion (YoY)	280 basis points	Q2 2025

Self-service and digital engagement via ADI's e-commerce platform.

The digital channel is a core growth strategy for ADI, providing self-service capabilities that are structurally accretive to margin. In Q2 2025, organic growth in the e-commerce channel was 19% compared to 6% growth in the prior year period. This digital momentum is significant; for the first quarter of 2025, organic e-commerce growth was 15% year-over-year. The platform supports ordering, inventory visibility, and access to a portfolio of over 500,000 products.

Retail channel support for DIY consumer purchases.

The P&S segment supports DIY consumer purchases through the retail channel, which reported record revenue growth in Q2 2025. This growth was specifically driven by strong point of sale volumes for products like the new Honeywell Home FocusPRO thermostats and First Alert SC5 connected smart smoke and CO detectors. Overall, Resideo Technologies, Inc.'s solutions and services are found in over 150 million residential and commercial spaces globally.

Support availability for the general consumer purchasing through retail channels is also extensive, with Homeowner Support lines often running until 8:00 PM CT on weekdays. For general Online Order Support and Customer Service, Resideo Technologies, Inc. offers 24-hour support, seven days a week.

Resideo Technologies, Inc. (REZI) - Canvas Business Model: Channels

You're looking at how Resideo Technologies, Inc. gets its products and services into the hands of its customers as of late 2025. The Channels strategy is clearly split between the wholesale distribution arm, ADI Global, and the direct-to-professional/retail manufacturing arm, Products & Solutions (P&S).

ADI Global Distribution's physical branch network and digital e-commerce platform

The ADI Global Distribution segment operates a massive physical and digital footprint designed to serve professional low-voltage installers and resellers globally. This channel is critical, as evidenced by its $\mathbf{\$4.5}$ billion in net sales for the twelve months ended March 29, 2025, representing about $\mathbf{62\%}$ of the total company revenue at that time. The physical network is extensive, with reports indicating over $\mathbf{190}$ locations across North America, Puerto Rico, Europe, the Middle East, and Africa [cite: 2, search 2], or $\mathbf{200+}$ locations in $\mathbf{20+}$ Countries based on 2024 metrics [cite: 3, search 2]. Specifically, ADI has more than $\mathbf{100}$ branches in the U.S., Canada, Puerto Rico, and Mexico [cite: 1, search 2].

The digital component is growing rapidly, which is a key focus area for the business. For instance, in the second quarter of 2025, the organic growth in ADI's e-commerce channel hit $\mathbf{19\%}$ year-over-year, a significant acceleration from the prior year period's $\mathbf{6\%}$ growth.

Here's a snapshot of ADI's scale:

• Global Locations: 200+ [cite: 3, search 2]
• Countries Served: 20+ [cite: 3, search 2]
• Customers Served: Over 100,000 globally
• Products Available: Over 500,000 professionally installed products
• Q2 2025 Net Revenue: \$1,277 million
• Q3 2025 Net Revenue: \$1,203 million

Professional security and HVAC contractors and installers

The professional channel is the primary recipient of Products & Solutions (P&S) manufactured goods, such as Honeywell Home thermostats and First Alert safety devices, and is also the core customer base for ADI distribution services. Resideo Technologies, Inc. maintains a strong network of professional installers, numbering over $\mathbf{100,000}$. This network supports an estimated volume of more than $\mathbf{15}$ million installations annually across air, safety, security, water, and energy solutions. The P&S segment's Q3 2025 net revenue was $\mathbf{\$661}$ million, reflecting continued engagement with this professional base.

The P&S segment's channel performance in Q2 2025 showed that volume increased across the HVAC and Electrical Distribution channels, driven by demand for new product lines like the Honeywell Home FocusPRO thermostat [cite: 2, search 2].

Major retail partners for consumer-facing products

For consumer-facing products, the retail channel is a key outlet for the P&S segment. This channel experienced positive momentum, reporting record revenue growth in the second quarter of 2025, fueled by strong point of sale volumes for new products like the Honeywell Home FocusPRO thermostats and the First Alert SC5 connected smart smoke and carbon monoxide detectors. In the third quarter of 2025, the retail channel continued to report strong point of sale volumes.

The P&S segment's Q2 2025 net revenue was $\mathbf{\$666}$ million, up $\mathbf{6\%}$ year-over-year excluding currency impact, with the retail channel being a major contributor to this growth.

Original Equipment Manufacturers (OEMs) for component sales

While specific OEM revenue figures are often bundled within the broader Products & Solutions segment, the channel is implied through the manufacturing focus of the P&S business. The total company TTM revenue as of September 27, 2025, stood at $\mathbf{\$7.44}$ billion. The P&S segment, which includes component sales to OEMs, delivered net revenue of $\mathbf{\$661}$ million in Q3 2025. The P&S segment's gross margin in Q3 2025 was $\mathbf{43.0\%}$.

The following table summarizes the reported segment revenues for the third quarter of 2025, which reflects the combined output channeled through professional, retail, and OEM routes:

Segment	Q3 2025 Net Revenue	Year-over-Year Growth
ADI Global Distribution	\$1,203 million	2%
Products & Solutions (P&S)	\$661 million	2%
Total Company Net Revenue	\$1,864 million	2%

Resideo Technologies, Inc. (REZI) - Canvas Business Model: Customer Segments

Resideo Technologies, Inc. serves distinct customer groups through its two primary reporting segments: ADI Global Distribution and Products & Solutions (P&S).

The revenue split for the last twelve months (LTM) ended September 27, 2025, shows the relative size of the customer bases served by each channel.

Customer Group Proxy	Q3 2025 Net Revenue	LTM Q3 2025 Revenue Share
ADI Global Distribution (Primarily Integrators/Wholesale)	$1,203 million	64.5%
Products & Solutions (Contractors/Retail/End-Users)	$661 million	35.5%

The total company net revenue for the third quarter ended September 27, 2025, was $1.86 billion.

Professional security, fire, and audio-visual systems integrators are primarily served through the ADI Global Distribution segment.

• ADI is a leading distributor in a $30B+ serviceable addressable industry segment.
• ADI serves over 100K+ pros annually via digital and physical storefronts.
• ADI operates over 200+ locations worldwide.

HVAC and plumbing contractors for residential and commercial controls are a core focus of the Products & Solutions segment.

• Resideo continues to serve more than 110,000 professionals through its distributor network.
• The P&S segment offers products like Honeywell Home thermostats, which help users save an average of 22% (heating users) and 17% (cooling users) on HVAC energy consumption when using recommended scheduling.

Residential homeowners and small businesses are the ultimate beneficiaries of the installed base and connected products.

• Resideo has a presence in over 150 million homes globally.
• A December 2024 survey indicated that 51% of U.S. homeowners were most likely to use DIY installation for a smart thermostat.

Retail consumers purchase DIY smart home and safety products directly or through home improvement retailers.

• The Honeywell Home X2S smart thermostat launched in Spring 2025 with a U.S. MSRP of $79.99.
• The same December 2024 survey showed 49% of U.S. homeowners would most likely use a professional to install a smart thermostat.

Resideo Technologies, Inc. (REZI) - Canvas Business Model: Cost Structure

You're looking at the major outflows that define Resideo Technologies, Inc.'s cost base as of late 2025. It's a structure heavily influenced by a massive, one-time transaction that cleans up legacy obligations, so that's where we start.

One-time $1.59 billion cash payment to Honeywell for indemnification termination. Resideo Technologies, Inc. completed a definitive agreement to eliminate all future payment obligations under the 2018 Indemnification and Reimbursement Agreement with Honeywell International Inc. This involved a one-time cash payment of $1.59 billion made to Honeywell in August 2025, occurring in the third quarter. This payment was financed through approximately $400 million of cash-on-hand and new senior secured debt financing. Before this termination closing, Resideo made its regularly scheduled third quarter payment under the old agreement of $35 million on July 29, 2025. For context on the accounting impact, the second quarter of 2025 included a $882 million expense related to the announced agreement, which contributed to a reported net loss of $825 million for that quarter.

Selling, General, and Administrative (SG&A) expenses, including ADI's branch network costs. The costs associated with running the business, including the ADI Global Distribution branch network, are tracked alongside R&D. For the third quarter of 2025, Selling, General, and Administrative and Research and Development expenses combined totaled $192 million. This was an increase of $15 million compared to the prior period, primarily attributed to non-recurring costs from an ERP implementation. Looking back to the second quarter of 2025, the combined SG&A and R&D spend was $188 million, which was up $70 million year-over-year due to the inclusion of Snap One and planned growth investments.

Research and Development (R&D) investments for new product innovation. While R&D is bundled with SG&A in the combined reporting, the figures reflect ongoing investment. For instance, in the second quarter of 2025, R&D expenses increased by $11 million compared to the second quarter of 2024, driven by planned investments for future growth. The first quarter of 2025 saw SG&A and R&D expenses of $181 million, with a portion allocated to planned investments.

Cost of goods sold (COGS) for both manufactured and distributed products. Since COGS is not explicitly broken down by manufactured (Products & Solutions, P&S) versus distributed (ADI) in the provided combined expense data, we look at gross margins as a key indicator of product cost relative to revenue. The third quarter of 2025 saw a record high total company gross margin of 29.8% on net revenue of $1,864 million. The P&S segment, which represents the manufactured products, achieved a gross margin of 43.0% in the third quarter of 2025. This margin expansion was achieved at P&S for ten consecutive quarters.

Here's a quick look at the revenue and margin context for the latest reported quarter:

Metric	Q3 2025 Amount (Millions USD)	Q3 2025 Gross Margin
Total Net Revenue	$1,864	N/A
Inferred Total COGS	Approx. $1,308.53	N/A
Products & Solutions (P&S) Gross Margin (Proxy for Manufactured)	N/A	43.0%
Total Company Gross Margin	N/A	29.8%

High material input costs defintely impacting profitability. While the company achieved strong margin expansion in Q3 2025, driven by price realization, cross-selling, and mix benefits, the underlying pressure from input costs is a constant factor in the cost structure. For example, in early 2025, margin improvement was noted as being partially offset by a more competitive pricing environment, which often signals cost pressures from materials or competition. Cost discipline remains a focus point, especially when managing the cost of goods sold across both the manufacturing and distribution arms.

Resideo Technologies, Inc. (REZI) - Canvas Business Model: Revenue Streams

Resideo Technologies, Inc. generates revenue primarily through two major segments: Products & Solutions (P&S) and ADI Global Distribution. The third quarter of 2025 showed continued growth in both areas, contributing to a total net revenue of $1.864 billion for the quarter ended September 27, 2025. The company has also provided an updated full-year 2025 net revenue outlook.

Here is a look at the segment revenue performance for Q3 2025, alongside the latest full-year guidance:

Revenue Stream Component	Q3 2025 Net Revenue (in millions)	FY 2025 Net Revenue Outlook
Products & Solutions (P&S) sales of controls and sensing devices	$661 million	$7.43 billion to $7.47 billion
ADI Global Distribution sales of low-voltage products	$1,203 million

The composition of revenue within these segments is evolving, driven by strategic product focus and channel mix shifts. You can see the focus on higher-value offerings contributing to margin expansion.

• Products & Solutions (P&S) segment gross margin reached 43.0% in Q3 2025, marking its tenth consecutive quarter of year-over-year expansion.
• Sales of higher-margin Exclusive Brands and e-commerce transactions are key drivers within ADI Global Distribution.
• ADI Global Distribution's online business revenue grew 3% year-over-year in Q3 2025.
• Revenue growth in P&S was driven by customer demand for new products, including connected-home devices.
• The company is moving toward increased recurring revenue from connected services and software subscriptions following the integration of Snap One.