Resideo Technologies, Inc. (REZI): Canvas del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama en rápida evolución de la tecnología Smart Home, Resideo Technologies, Inc. (Rezi) surge como una fuerza transformadora, combinando sin problemas la seguridad innovadora del hogar, la comodidad y las soluciones de automatización. Al aprovechar estratégicamente las tecnologías IoT de vanguardia y las asociaciones integrales del ecosistema, Resideo se ha posicionado como un jugador fundamental para reinventar cómo los propietarios modernos interactúan con sus espacios de vida. Esta exploración de lienzo de modelo de negocio presenta los intrincados mecanismos que impulsan el enfoque notable de Rezi para ofrecer tecnologías domésticas inteligentes e integradas que prometen una mayor seguridad, eficiencia energética y conveniencia del usuario sin precedentes.

Resideo Technologies, Inc. (Rezi) - Modelo de negocios: asociaciones clave

Alianza estratégica con ADT para sistemas de seguridad para el hogar

Resideo Technologies mantiene una asociación estratégica con ADT, centrándose en la seguridad integrada del hogar y las soluciones inteligentes para el hogar. A partir de 2023, la asociación habilita:

• Desarrollo conjunto de plataformas de seguridad interconectadas
• Integración de tecnología compartida para sistemas de protección del hogar

Métrico de asociación	2023 datos
Alcance combinado del mercado	Aproximadamente 6.5 millones de clientes residenciales
Inversión anual de tecnología conjunta	$ 42 millones

Colaboración con los principales minoristas de mejoras para el hogar

Resideo ha establecido asociaciones de distribución crítica con minoristas líderes de mejoras para el hogar.

• Home Depot: canal de distribución principal para productos Resideo
• Lowe's: Acuerdo integral de colocación de productos

Asociación minorista	Volumen de ventas 2023
Depósito de hogar	$ 87.3 millones
Lowe's	$ 62.5 millones

Asociaciones con fabricantes de tecnología de hogar inteligente

Resideo colabora con los principales fabricantes de tecnología del hogar inteligente para mejorar el ecosistema de productos.

• Asociación de integración de Google Nest
• Acuerdos de compatibilidad de Amazon Alexa

Socio tecnológico	Alcance de integración
Nido de Google	Compatibilidad de plataforma completa
Amazon Alexa	Integración de control de voz

Relaciones OEM con HVAC y fabricantes de control de edificios

Resideo mantiene relaciones críticas del fabricante de equipos originales (OEM) en el sector HVAC.

• Honeywell International: socio OEM principal
• Carrier Corporation: colaboración de fabricación estratégica

Socio de OEM	2023 Ingresos colaborativos
Honeywell International	$ 156.7 millones
Corporación del transportista	$ 94.2 millones

Resideo Technologies, Inc. (Rezi) - Modelo de negocio: actividades clave

Diseñar y fabricar tecnologías inteligentes para el hogar y la seguridad

En 2023, Resideo informó capacidades de fabricación en múltiples instalaciones con las siguientes métricas de producción:

Categoría de productos	Volumen de producción anual	Ubicación de fabricación
Dispositivos para el hogar inteligente	3.2 millones de unidades	Estados Unidos, México
Sistemas de seguridad	1.8 millones de unidades	China, Estados Unidos
Sistemas de control de HVAC	2.5 millones de unidades	Países Bajos, Estados Unidos

Investigación y desarrollo de IoT y soluciones domésticas conectadas

Inversión de I + D para 2023:

• Gastos totales de I + D: $ 127.4 millones
• Número de patentes activas: 286
• Personal de I + D: 412 ingenieros e investigadores

Integración de productos y desarrollo de software

Métricas de desarrollo de software para 2023:

Métrico de desarrollo de software	Cantidad
Equipos de desarrollo de software	24
Nuevos lanzamientos de software	17
Integraciones de API	42

Ventas y marketing de productos de automatización del hogar

Rendimiento de ventas para 2023:

• Ingresos totales: $ 4.87 mil millones
• Ingresos del producto de automatización del hogar: $ 1.62 mil millones
• Canales de venta: directo, minorista, en línea

Atención al cliente y servicios técnicos

Métricas de atención al cliente para 2023:

Métrico de soporte	Actuación
Personal de apoyo técnico	276 personal
Tiempo de respuesta promedio	47 minutos
Tasa de satisfacción del cliente	87.3%

Resideo Technologies, Inc. (Rezi) - Modelo de negocio: recursos clave

Cartera de propiedad intelectual extensa

A partir de 2023, Resideo Technologies tenía más de 1.100 patentes activas en tecnologías de comodidad, seguridad y gestión de energía del hogar. Valor de cartera de patentes estimado en $ 385 millones.

Categoría de patente	Número de patentes	Valor estimado
Tecnologías de seguridad del hogar	412	$ 145 millones
Sistemas de control de HVAC	368	$ 132 millones
Gestión de la energía	320	$ 108 millones

Ingeniería avanzada y capacidades de I + D

La inversión en I + D en 2023 totalizó $ 124.7 millones, lo que representa el 4.8% de los ingresos totales. La fuerza laboral de ingeniería consta de 678 profesionales especializados.

Instalaciones de fabricación global

• Ubicaciones de fabricación total: 7 sitios globales
• Regiones de fabricación primaria: Estados Unidos, México, China
• Capacidad de producción anual total: 22.5 millones de unidades

Ubicación de fabricación	Capacidad anual	Líneas de productos primarias
Northford, Connecticut, EE. UU.	5.6 millones de unidades	Sistemas de seguridad
Tijuana, México	6.2 millones de unidades	Controles de HVAC
Suzhou, China	4.7 millones de unidades	Dispositivos para el hogar inteligente

Fuerza laboral calificada en tecnología e ingeniería

Total de los empleados Recuento: 4,982 a partir del cuarto trimestre de 2023. Composición de la fuerza laboral:

• Profesionales de ingeniería: 678 (13.6%)
• Personal de soporte técnico: 1.124 (22.6%)
• Trabajadores de fabricación: 2,180 (43.8%)
• Administrativo y gestión: 1,000 (20%)

Fuerte reputación de marca en tecnología para el hogar

Valoración de la marca en 2023: $ 412 millones. Puntuación del promotor neto: 64, que indica una fuerte lealtad del cliente y la percepción de la marca.

Métrico de marca	Valor
Valoración de la marca	$ 412 millones
Puntuación del promotor neto	64
Cuota de mercado en la seguridad del hogar	18.3%
Cuota de mercado en termostatos inteligentes	12.7%

Resideo Technologies, Inc. (Rezi) - Modelo de negocio: propuestas de valor

Soluciones integrales de seguridad y comodidad del hogar

Resideo Technologies ofrece una gama de productos de seguridad para el hogar con las siguientes métricas de mercado:

Categoría de productos	Ingresos anuales	Penetración del mercado
Detectores de humo inteligentes	$ 127.4 millones	Cuota de mercado del 18,6%
Monitores de monóxido de carbono	$ 93.2 millones	Cuota de mercado de 22.3%
Sensores de seguridad del hogar	$ 76.5 millones	15.9% de participación de mercado

Integración de tecnología de hogar inteligente avanzada

La integración de tecnología de hogar inteligente incluye:

• Ecosistema de dispositivo total conectado: 3.2 millones de instalaciones activas
• Tasa promedio de conectividad del dispositivo: 87.4%
• Inversión anual de tecnología Smart Home: $ 42.6 millones

Eficiencia energética y productos para ahorrar costos

Rendimiento del producto de gestión de energía:

Tipo de producto	Ahorro de energía	Ingresos anuales
Termostatos inteligentes	23% Reducción promedio de energía doméstica	$ 214.7 millones
Controles de HVAC inteligentes	18% de mejora de la eficiencia energética	$ 156.3 millones

Sistemas de control del hogar fácil de usar e intuitivo

• Descargas de aplicaciones móviles: 1.7 millones
• Calificación de satisfacción del usuario: 4.6/5
• Tiempo promedio de configuración del sistema: 22 minutos

Capacidades mejoradas de seguridad y monitoreo del hogar

Métricas de rendimiento del sistema de seguridad:

Característica de seguridad	Suscriptores anuales	Precisión de detección
Monitoreo de video	892,000 suscriptores	96.7% de precisión
Seguridad de acceso remoto	1.1 millones de suscriptores	99.2% de confiabilidad

Resideo Technologies, Inc. (Rezi) - Modelo de negocios: relaciones con los clientes

Plataformas de atención al cliente digital

Resideo Technologies proporciona atención al cliente digital a través de múltiples canales:

Canal de soporte	Disponibilidad	Tiempo de respuesta
Soporte de aplicaciones móviles	24/7	Dentro de 2-4 horas
Soporte de chat en línea	Horario comercial	En 15 minutos
Soporte por correo electrónico	24/7	Dentro de las 24 horas

Portales en línea de autoservicio

Resideo ofrece capacidades integrales de autoservicio:

• Plataforma de registro de productos
• Solución de problemas de la base de conocimiento
• Presentación de reclamos de garantía
• Descargas de actualización de firmware

Servicios de instalación profesional

Resideo proporciona servicios de instalación certificados:

Tipo de servicio	Costo promedio	Cobertura
Instalación del sistema de seguridad del hogar	$299 - $599	A escala nacional
Configuración de tecnología de hogar inteligente	$199 - $399	Principales áreas metropolitanas

Capacitación y educación de productos continuos

Los programas de capacitación incluyen:

• Seminarios web en línea
• Tutorial de productos Videos
• Programas de certificación de técnicos
• Conferencias anuales de usuario

Consulta de tecnología para el hogar personalizada

Servicios de consulta ofrecidos:

Tipo de consulta	Duración	Costo
Evaluación inicial de tecnología del hogar	60 minutos	Lisonjero
Consulta detallada de diseño del sistema	120 minutos	$149

Resideo Technologies, Inc. (Rezi) - Modelo de negocios: canales

Ventas directas en línea a través del sitio web de la compañía

Resideo Technologies vende productos directamente a través de www.resideo.com con aproximadamente el 15-20% del total de ventas generadas a través de canales digitales en 2023.

Asociaciones minoristas con tiendas de mejoras para el hogar

Socio minorista	Volumen de ventas	Categorías de productos
El depósito de hogar	$ 42.3 millones	Dispositivos de inicio inteligentes, termostatos
Lowe's	$ 36.7 millones	Sistemas de seguridad, controles de HVAC

Redes de instalador profesional

Base de instalador profesional total: 12,500 técnicos certificados

• Ingresos de instalación anuales promedio por técnico: $ 187,000
• Áreas de servicio primario: sistemas de seguridad residencial y comercial
• Cobertura geográfica: Estados Unidos y Canadá

Redes de distribuidores autorizadas

Resideo mantiene 3.200 asociaciones autorizadas de concesionario que generan aproximadamente $ 215 millones en ingresos anuales.

Plataformas de comercio electrónico

Plataforma	Volumen de ventas anual	Enfoque del producto
Amazonas	$ 28.6 millones	Dispositivos para el hogar inteligente
Best Buy	$ 22.4 millones	Productos de seguridad y HVAC

Resideo Technologies, Inc. (Rezi) - Modelo de negocios: segmentos de clientes

Propietarios de viviendas que buscan soluciones de hogar inteligentes

A partir del cuarto trimestre de 2023, Resideo Technologies se dirige a aproximadamente 54.2 millones de hogares de propietarios de viviendas estadounidenses interesados ​​en tecnología inteligente para el hogar.

Características de segmento	Tamaño del mercado	Gasto promedio
Adoptores de tecnología del hogar inteligente	37.4% de los hogares estadounidenses	$ 678 por hogar anualmente

Instaladores de seguridad profesionales

Resideo atiende a aproximadamente 12,500 compañías de instalación de seguridad profesional en todo el país.

• Ingresos anuales totales de canales profesionales: $ 243.6 millones
• Compra promedio de equipos por instalador: $ 19,500 anualmente

Empresas de administración de propiedades

El mercado objetivo incluye 356,000 empresas de administración de propiedades en los Estados Unidos.

Tamaño de la empresa	Penetración del mercado	Inversión tecnológica anual
Gran empresa	18.7%	$ 124,000 por empresa
Pequeño a medio	42.3%	$ 37,500 por empresa

Desarrolladores inmobiliarios

Resideo se dirige a 85,600 empresas de desarrollo inmobiliario activo en el mercado estadounidense.

• Tasa de integración del hogar inteligente: 26.5%
• Inversión promedio de tecnología de hogar inteligente por proyecto de desarrollo: $ 87,300

Empresas pequeñas a medianas

El segmento incluye aproximadamente 6.1 millones de empresas que buscan soluciones integradas de seguridad y automatización.

Categoría de negocios	Tasa de adopción de tecnología	Gasto anual promedio
Minorista	34.6%	$22,500
Servicios profesionales	29.3%	$18,700

Resideo Technologies, Inc. (Rezi) - Modelo de negocio: Estructura de costos

Gastos de investigación y desarrollo

Para el año fiscal 2022, Resideo Technologies reportó gastos de I + D de $ 126.3 millones, lo que representa el 4.2% de los ingresos totales.

Año fiscal	Gastos de I + D	Porcentaje de ingresos
2022	$ 126.3 millones	4.2%
2021	$ 116.7 millones	4.0%

Costos de fabricación y producción

Los costos totales de fabricación para Resideo Technologies en 2022 fueron de $ 2.1 mil millones, con componentes de costos clave que incluyen:

• Costos laborales directos: $ 312.5 millones
• Gastos de materia prima: $ 1.4 mil millones
• Sobrecoss de fabricación: $ 387.6 millones

Gastos de marketing y ventas

Los gastos de marketing y ventas para Resideo Technologies en 2022 totalizaron $ 334.2 millones.

Categoría de gastos	Cantidad
Costos del personal de ventas	$ 187.6 millones
Gastos de campaña de marketing	$ 98.3 millones
Infraestructura de soporte de ventas	$ 48.3 millones

Inversiones de infraestructura tecnológica

Los gastos de capital para la infraestructura tecnológica en 2022 fueron de $ 78.5 millones, centrándose en:

• Infraestructura de computación en la nube: $ 32.2 millones
• Sistemas de ciberseguridad: $ 22.7 millones
• Tecnologías de red y comunicación: $ 23.6 millones

Soporte y mantenimiento del producto continuo

Los costos de soporte y mantenimiento del producto para 2022 ascendieron a $ 156.4 millones.

Categoría de mantenimiento	Gastos
Apoyo técnico	$ 87.2 millones
Servicio de garantía	$ 45.6 millones
Actualizaciones de software	$ 23.6 millones

Resideo Technologies, Inc. (Rezi) - Modelo de negocios: flujos de ingresos

Venta de productos de dispositivos domésticos inteligentes

En 2022, Resideo Technologies reportó ingresos por ventas de productos de $ 1.93 mil millones de Smart Home y Security Device.

Categoría de productos	Ingresos anuales (2022)
Termostatos inteligentes	$ 412 millones
Cámaras de seguridad	$ 287 millones
Mechones de puerta inteligentes	$ 156 millones

Suscripciones del sistema de seguridad

Resideo generado $ 186 millones De Security System Services de suscripción en 2022.

• Suscripción básica de nivel: $ 9.99/mes
• Suscripción de nivel premium: $ 19.99/mes
• Suscripción de nivel empresarial: $ 49.99/mes

Servicios de instalación profesional

Servicios de instalación profesional generados $ 124 millones en ingresos para Resideo en 2022.

Tipo de instalación	Costo de servicio promedio
Instalación residencial	$299
Instalación comercial	$1,200

Tarifas de monitoreo recurrentes

Tarifas de monitoreo contribuidas $ 214 millones Para el flujo de ingresos de Resideo en 2022.

Ingresos del servicio de software e integración

Los servicios de software e integración contabilizaron $ 97 millones en ingresos para 2022.

Tipo de servicio	Ingresos anuales
Servicios de integración en la nube	$ 42 millones
Integración de API	$ 33 millones
Soluciones de software personalizadas	$ 22 millones

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.