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Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and RESIDEO TECHNOLOGIES, INC. (REZI). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.8B vs $1.9B, roughly 2.0× RESIDEO TECHNOLOGIES, INC.). RESIDEO TECHNOLOGIES, INC. runs the higher net margin — 7.2% vs 0.5%, a 6.7% gap on every dollar of revenue. On growth, RESIDEO TECHNOLOGIES, INC. posted the faster year-over-year revenue change (2.0% vs 0.0%). Kyndryl Holdings, Inc. produced more free cash flow last quarter ($2.0B vs $262.0M). Over the past eight quarters, RESIDEO TECHNOLOGIES, INC.'s revenue compounded faster (12.9% CAGR vs 0.4%).
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
Resideo Technologies, Inc. is an American multinational company that was formed in 2018 out of a spin-off from Honeywell. It provides room air temperature, quality, and humidity control and security systems primarily in residential dwellings in the U.S. and internationally. The company operates in two segments: products and distribution. It manufactures and distributes smart-home and software products, including temperature and lighting control, security, and water and air monitoring. The com...
KD vs REZI — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $1.9B |
| Net Profit | $17.0M | $136.0M |
| Gross Margin | — | 29.6% |
| Operating Margin | 3.5% | 7.4% |
| Net Margin | 0.5% | 7.2% |
| Revenue YoY | 0.0% | 2.0% |
| Net Profit YoY | -75.0% | 491.3% |
| EPS (diluted) | $0.08 | $0.99 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $1.9B | ||
| Q3 25 | $3.7B | $1.9B | ||
| Q2 25 | $3.7B | $1.9B | ||
| Q1 25 | $3.8B | $1.8B | ||
| Q4 24 | $3.7B | $1.9B | ||
| Q3 24 | $3.8B | $1.8B | ||
| Q2 24 | $3.7B | $1.6B |
| Q1 26 | $17.0M | — | ||
| Q4 25 | $57.0M | $136.0M | ||
| Q3 25 | $68.0M | $156.0M | ||
| Q2 25 | $56.0M | $-825.0M | ||
| Q1 25 | $69.0M | $6.0M | ||
| Q4 24 | $215.0M | $23.0M | ||
| Q3 24 | $-43.0M | $20.0M | ||
| Q2 24 | $11.0M | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | 29.6% | ||
| Q3 25 | 21.5% | 29.8% | ||
| Q2 25 | 21.3% | 29.3% | ||
| Q1 25 | 21.7% | 28.9% | ||
| Q4 24 | 20.4% | 28.5% | ||
| Q3 24 | 19.9% | 28.7% | ||
| Q2 24 | 21.5% | 28.1% |
| Q1 26 | 3.5% | — | ||
| Q4 25 | 2.4% | 7.4% | ||
| Q3 25 | 2.6% | 8.3% | ||
| Q2 25 | 2.5% | 9.1% | ||
| Q1 25 | 3.1% | 7.7% | ||
| Q4 24 | 6.9% | 7.8% | ||
| Q3 24 | -0.1% | 6.9% | ||
| Q2 24 | 1.7% | 7.7% |
| Q1 26 | 0.5% | — | ||
| Q4 25 | 1.5% | 7.2% | ||
| Q3 25 | 1.8% | 8.4% | ||
| Q2 25 | 1.5% | -42.5% | ||
| Q1 25 | 1.8% | 0.3% | ||
| Q4 24 | 5.7% | 1.2% | ||
| Q3 24 | -1.1% | 1.1% | ||
| Q2 24 | 0.3% | 1.9% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.25 | $0.99 | ||
| Q3 25 | $0.29 | $0.85 | ||
| Q2 25 | $0.23 | $-5.59 | ||
| Q1 25 | $0.30 | $-0.02 | ||
| Q4 24 | $0.89 | $0.06 | ||
| Q3 24 | $-0.19 | $0.07 | ||
| Q2 24 | $0.05 | $0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.6B | $661.0M |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | — | $2.9B |
| Total Assets | — | $8.4B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.6B | — | ||
| Q4 25 | $1.3B | $661.0M | ||
| Q3 25 | $1.3B | $345.0M | ||
| Q2 25 | $1.5B | $753.0M | ||
| Q1 25 | $1.8B | $577.0M | ||
| Q4 24 | $1.5B | $692.0M | ||
| Q3 24 | $1.3B | $531.0M | ||
| Q2 24 | $1.3B | $413.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $3.0B | $2.0B | ||
| Q1 25 | $3.0B | $2.0B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $3.1B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | $1.2B | $2.8B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $3.3B | ||
| Q4 24 | $1.1B | $3.3B | ||
| Q3 24 | $1.1B | $3.4B | ||
| Q2 24 | $996.0M | $3.3B |
| Q1 26 | — | — | ||
| Q4 25 | $11.3B | $8.4B | ||
| Q3 25 | $11.2B | $8.2B | ||
| Q2 25 | $11.5B | $8.5B | ||
| Q1 25 | $10.5B | $8.1B | ||
| Q4 24 | $9.9B | $8.2B | ||
| Q3 24 | $10.4B | $8.1B | ||
| Q2 24 | $10.2B | $8.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.92× | 1.11× | ||
| Q3 25 | 2.45× | 1.17× | ||
| Q2 25 | 2.44× | 0.77× | ||
| Q1 25 | 2.50× | 0.60× | ||
| Q4 24 | 2.81× | 0.61× | ||
| Q3 24 | 2.92× | 0.60× | ||
| Q2 24 | 3.12× | 0.61× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $948.0M | $299.0M |
| Free Cash FlowOCF − Capex | $2.0B | $262.0M |
| FCF MarginFCF / Revenue | 53.8% | 13.8% |
| Capex IntensityCapex / Revenue | 16.1% | 2.0% |
| Cash ConversionOCF / Net Profit | 55.76× | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | $2.0B | $-1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $948.0M | — | ||
| Q4 25 | $428.0M | $299.0M | ||
| Q3 25 | $146.0M | $-1.6B | ||
| Q2 25 | $-124.0M | $200.0M | ||
| Q1 25 | $581.0M | $-65.0M | ||
| Q4 24 | $260.0M | $203.0M | ||
| Q3 24 | $149.0M | $147.0M | ||
| Q2 24 | $-48.0M | $92.0M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $208.0M | $262.0M | ||
| Q3 25 | $17.0M | $-1.6B | ||
| Q2 25 | $-267.0M | $180.0M | ||
| Q1 25 | $341.0M | $-96.0M | ||
| Q4 24 | $151.0M | $181.0M | ||
| Q3 24 | $15.0M | $125.0M | ||
| Q2 24 | $-170.0M | $77.0M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 5.4% | 13.8% | ||
| Q3 25 | 0.5% | -85.8% | ||
| Q2 25 | -7.1% | 9.3% | ||
| Q1 25 | 9.0% | -5.4% | ||
| Q4 24 | 4.0% | 9.7% | ||
| Q3 24 | 0.4% | 6.8% | ||
| Q2 24 | -4.5% | 4.8% |
| Q1 26 | 16.1% | — | ||
| Q4 25 | 5.7% | 2.0% | ||
| Q3 25 | 3.5% | 1.5% | ||
| Q2 25 | 3.8% | 1.0% | ||
| Q1 25 | 6.3% | 1.8% | ||
| Q4 24 | 2.9% | 1.2% | ||
| Q3 24 | 3.6% | 1.2% | ||
| Q2 24 | 3.3% | 0.9% |
| Q1 26 | 55.76× | — | ||
| Q4 25 | 7.51× | 2.20× | ||
| Q3 25 | 2.15× | -10.07× | ||
| Q2 25 | -2.21× | — | ||
| Q1 25 | 8.42× | -10.83× | ||
| Q4 24 | 1.21× | 8.83× | ||
| Q3 24 | — | 7.35× | ||
| Q2 24 | -4.36× | 3.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KD
| Principal Markets | $1.3B | 34% |
| United States | $1.0B | 27% |
| Strategic Markets | $916.0M | 24% |
| Japan | $556.0M | 15% |
REZI
| ADI Global Distribution Segment | $1.2B | 62% |
| Safety And Security | $257.0M | 14% |
| Air | $211.0M | 11% |
| Energy Service | $153.0M | 8% |
| Public Utilities Inventory Water | $91.0M | 5% |
