Does Resideo Technologies, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Resideo Technologies, Inc. (REZI) 40.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 47, returns on capital 47, balance-sheet safety 18, capital discipline 44.

Is REZI stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $15.56 per share versus a recent price of $35.83 — 130% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has REZI's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 40.5 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Resideo Technologies, Inc.

REZI · Industrials · $5.4B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power47

Median gross margin 27.9% over 10y, very stable.

Returns on capital47

Median ROIC 10.9%, above the 9% hurdle in 60% of years.

Balance-sheet safety18

Net debt/EBITDA 3.1x, interest coverage 4x.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

130% above value

Owner earnings (normalized): $210.0M
Est. intrinsic value / share: $15.56
Recent price: $35.83
Discount to value: 130% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

11 years of fundamentals

The business, in plain English

Resideo Technologies, Inc. booked $7.5B of revenue in FY2025 in the Industrials sector and kept 29.4% of it as gross profit — a moderate-margin business by that measure. After every other cost, −7.1% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $4.5B (FY2016) to $7.5B (FY2025) — about 5.9% a year compounded over 9 years.

It earned 8.8% on invested capital in FY2025, with a median of 10.9% across 10 filed years. The Returns on Capital filter above scores it 47/100.

The balance sheet carried $3.2B of total debt in FY2025. Balance-Sheet Safety scores it 18/100.

The share count rose 22.0% between FY2017 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 44/100.

Put together: Pricing Power is the strongest of the four filters (47/100) and Balance-Sheet Safety the weakest (18/100), which is how REZI lands at 41/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$7.5B FY2025

Gross marginRevenue kept after cost of goods29.4% FY2025

Return on invested capitalOperating profit on the capital employed8.8% FY2025

Owner earningsCash an owner could take out−$448.0M FY2025

Gaps in a line mean that item isn’t in REZI’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale40.5 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — REZI has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Industrials context

#151 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#149ZEO ZEO ENERGY CORP.40.8 out of 100, Shallow moatShallow moat
#150SCSC ScanSource, Inc.40.6 out of 100, Shallow moatShallow moat
#152WFRD Weatherford International plc40.4 out of 100, Shallow moatShallow moat
#153GTEC GREENLAND TECHNOLOGIES HOLDING CORPORATION40.2 out of 100, Shallow moatShallow moat

Compare REZI with its nearest peers →All Industrials companies on the Index →

Common questions about REZI

Does Resideo Technologies, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Resideo Technologies, Inc. (REZI) 40.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 47, returns on capital 47, balance-sheet safety 18, capital discipline 44.
Is REZI stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $15.56 per share versus a recent price of $35.83 — 130% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has REZI's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 40.5 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell REZI. See the disclaimer.