REZI has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
REZI has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Gross Margin % is calculated as gross profit divided by its revenue. Resideo Technologies's Gross Profit for the three months ended in Dec. 2023 was $423 Mil. Resideo Technologies's Revenue for the three months ended in Dec. 2023 was $1,537 Mil. Therefore, Resideo Technologies's Gross Margin % for the quarter that ended in Dec. 2023 was 27.52%.
The historical rank and industry rank for Resideo Technologies's Gross Margin % or its related term are showing as below:
During the past 9 years, the highest Gross Margin % of Resideo Technologies was 30.64%. The lowest was 25.60%. And the median was 27.72%.
Resideo Technologies had a gross margin of 27.52% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Resideo Technologies was -0.40% per year.
The historical data trend for Resideo Technologies's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Resideo Technologies Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Gross Margin % | Get a 7-Day Free Trial | 25.60 | 25.89 | 27.10 | 27.72 | 27.17 |
Resideo Technologies Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Gross Margin % | Get a 7-Day Free Trial | 27.63 | 27.11 | 27.22 | 26.83 | 27.52 |
For the Security & Protection Services subindustry, Resideo Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Business Services industry and Industrials sector, Resideo Technologies's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Resideo Technologies's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Resideo Technologies's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as
Gross Margin % (A: Dec. 2023 ) | = | Gross Profit (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 1696 | / | 6242 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (6242 - 4546) | / | 6242 | |
= | 27.17 % |
Resideo Technologies's Gross Margin for the quarter that ended in Dec. 2023 is calculated as
Gross Margin % (Q: Dec. 2023 ) | = | Gross Profit (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 423 | / | 1537 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (1537 - 1114) | / | 1537 | |
= | 27.52 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Resideo Technologies (NYSE:REZI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Resideo Technologies had a gross margin of 27.52% for the quarter that ended in Dec. 2023 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of Resideo Technologies's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Phillip L. Theodore | officer: Pres., Products & Solutions | 901 E. 6TH STREET, AUSTIN TX 78701 |
Tina M Beskid | officer: Chief Accounting Officer | 1835 DUEBER AVENUE, S.W., CANTON OH 44706 |
Jay L Geldmacher | director, officer: President and CEO | 5810 VAN ALLEN WAY, CARLSBAD CA 92008 |
Nina Richardson | director | C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701 |
Jeannine J Lane | officer: See Remarks | 115 TABOR ROAD, MORRIS PLAINS NJ 07950 |
Robert B Aarnes | officer: PRESIDENT, ADI | 115 TABOR ROAD, MORRIS PLAINS NJ 07950 |
Dana Edward Huth | officer: EVP, Chief Revenue Officer | 1595 WYNKOOP STREET, SUITE 800, DENVER CO 80202 |
Anthony L Trunzo | officer: EVP, Chief Financial Officer | 27700 SW PARKWAY AVENUE, WILSONVILLE OR 97070 |
Kareem Yusuf | director | 901 E. 6TH STREET, AUSTIN TX 78701 |
Travis D Merrill | officer: EVP, Chief Strat & Cml Officer | 27700 SW PARKWAY AVE., WILSONVILLE OR 97070 |
Roger Fradin | director | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
Jack R Lazar | director | 400 W. CESAR CHAVEZ, ATTN: STOCK ADMINISTRATION, AUSTIN TX 78701 |
Paul F Deninger | director | C/O JEFFERIES & CO., 1050 WINTER STREET, WALTHAM MA 02451 |
Andrew C Teich | director | 3 HANSON DRIVE, MOULTONBOROUGH NH 03254 |
Brian Kushner | director | 527 MADISON AVENUE 6TH FLOOR, NEW YORK NY 10022 |
From GuruFocus
By PRNewswire • 09-19-2023
By PRNewswire PRNewswire • 10-17-2022
By PRNewswire PRNewswire • 04-13-2023
By PRNewswire • 12-05-2023
By PRNewswire • 09-27-2023
By GuruFocus Research • 11-21-2023
By PRNewswire • 10-24-2023
By PRNewswire • 11-02-2023
By PRNewswire PRNewswire • 11-04-2022
By PRNewswire PRNewswire • 04-21-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.