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RESIDEO TECHNOLOGIES, INC.（REZI）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
RESIDEO TECHNOLOGIES, INC.的季度营收约是西蒙地产集团的1.1倍（$1.9B vs $1.8B），西蒙地产集团净利率更高（197.6% vs 7.2%，领先190.4%），西蒙地产集团同比增速更快（13.2% vs 2.0%），西蒙地产集团自由现金流更多（$948.8M vs $262.0M），过去两年RESIDEO TECHNOLOGIES, INC.的营收复合增速更高（12.9% vs 11.4%）
Resideo Technologies是2018年从霍尼韦尔分拆成立的美国跨国企业，主营住宅场景的温控、空气质量调节、湿度控制及安防系统，业务覆盖美国及全球市场。公司下设产品、分销两大业务板块，生产销售温度照明控制、安防、水气监测等智能家居硬件及配套软件产品。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
REZI vs SPG — 直观对比
营收规模更大
REZI
是对方的1.1倍
$1.8B
营收增速更快
SPG
高出11.2%
2.0%
净利率更高
SPG
高出190.4%
7.2%
自由现金流更多
SPG
多$686.8M
$262.0M
两年增速更快
REZI
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.8B |
| 净利润 | $136.0M | $3.5B |
| 毛利率 | 29.6% | — |
| 营业利润率 | 7.4% | 49.7% |
| 净利率 | 7.2% | 197.6% |
| 营收同比 | 2.0% | 13.2% |
| 净利润同比 | 491.3% | 358.7% |
| 每股收益（稀释后） | $0.99 | $9.34 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收REZISPG
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.5B | $1.4B |
净利润REZISPG
| Q4 25 | $136.0M | $3.5B | ||
| Q3 25 | $156.0M | $702.7M | ||
| Q2 25 | $-825.0M | $643.7M | ||
| Q1 25 | $6.0M | $477.9M | ||
| Q4 24 | $23.0M | $771.8M | ||
| Q3 24 | $20.0M | $546.7M | ||
| Q2 24 | $30.0M | $569.4M | ||
| Q1 24 | $43.0M | $841.2M |
毛利率REZISPG
| Q4 25 | 29.6% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 28.5% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 28.1% | — | ||
| Q1 24 | 26.9% | — |
营业利润率REZISPG
| Q4 25 | 7.4% | 49.7% | ||
| Q3 25 | 8.3% | 50.8% | ||
| Q2 25 | 9.1% | 49.7% | ||
| Q1 25 | 7.7% | 49.4% | ||
| Q4 24 | 7.8% | 52.8% | ||
| Q3 24 | 6.9% | 51.9% | ||
| Q2 24 | 7.7% | 51.7% | ||
| Q1 24 | 8.6% | 51.0% |
净利率REZISPG
| Q4 25 | 7.2% | 197.6% | ||
| Q3 25 | 8.4% | 43.9% | ||
| Q2 25 | -42.5% | 43.0% | ||
| Q1 25 | 0.3% | 32.4% | ||
| Q4 24 | 1.2% | 48.8% | ||
| Q3 24 | 1.1% | 36.9% | ||
| Q2 24 | 1.9% | 39.0% | ||
| Q1 24 | 2.9% | 58.3% |
每股收益（稀释后）REZISPG
| Q4 25 | $0.99 | $9.34 | ||
| Q3 25 | $0.85 | $1.86 | ||
| Q2 25 | $-5.59 | $1.70 | ||
| Q1 25 | $-0.02 | $1.27 | ||
| Q4 24 | $0.06 | $2.04 | ||
| Q3 24 | $0.07 | $1.46 | ||
| Q2 24 | $0.19 | $1.51 | ||
| Q1 24 | $0.29 | $2.25 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $661.0M | $823.1M |
| 总债务越低越好 | $3.2B | $28.4B |
| 股东权益账面价值 | $2.9B | $5.2B |
| 总资产 | $8.4B | $40.6B |
| 负债/权益比越低杠杆越低 | 1.11× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资REZISPG
| Q4 25 | $661.0M | $823.1M | ||
| Q3 25 | $345.0M | $1.6B | ||
| Q2 25 | $753.0M | $1.2B | ||
| Q1 25 | $577.0M | $1.4B | ||
| Q4 24 | $692.0M | $1.4B | ||
| Q3 24 | $531.0M | $2.5B | ||
| Q2 24 | $413.0M | $2.5B | ||
| Q1 24 | $603.0M | $2.6B |
总债务REZISPG
| Q4 25 | $3.2B | $28.4B | ||
| Q3 25 | $3.2B | $25.8B | ||
| Q2 25 | $2.0B | $25.4B | ||
| Q1 25 | $2.0B | $24.8B | ||
| Q4 24 | $2.0B | $24.3B | ||
| Q3 24 | $2.0B | $25.4B | ||
| Q2 24 | $2.0B | $25.3B | ||
| Q1 24 | $1.4B | $25.5B |
股东权益REZISPG
| Q4 25 | $2.9B | $5.2B | ||
| Q3 25 | $2.8B | $2.3B | ||
| Q2 25 | $2.6B | $2.5B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.3B | $2.9B | ||
| Q3 24 | $3.4B | $2.7B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | $2.8B | $3.1B |
总资产REZISPG
| Q4 25 | $8.4B | $40.6B | ||
| Q3 25 | $8.2B | $33.6B | ||
| Q2 25 | $8.5B | $33.3B | ||
| Q1 25 | $8.1B | $32.5B | ||
| Q4 24 | $8.2B | $32.4B | ||
| Q3 24 | $8.1B | $33.3B | ||
| Q2 24 | $8.0B | $33.4B | ||
| Q1 24 | $6.5B | $33.7B |
负债/权益比REZISPG
| Q4 25 | 1.11× | 5.46× | ||
| Q3 25 | 1.17× | 10.98× | ||
| Q2 25 | 0.77× | 10.36× | ||
| Q1 25 | 0.60× | 9.50× | ||
| Q4 24 | 0.61× | 8.25× | ||
| Q3 24 | 0.60× | 9.37× | ||
| Q2 24 | 0.61× | 8.59× | ||
| Q1 24 | 0.51× | 8.22× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $299.0M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $262.0M | $948.8M |
| 自由现金流率自由现金流/营收 | 13.8% | 53.0% |
| 资本支出强度资本支出/营收 | 2.0% | 14.2% |
| 现金转化率经营现金流/净利润 | 2.20× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $-1.3B | $3.2B |
8季度趋势，按日历期对齐
经营现金流REZISPG
| Q4 25 | $299.0M | $1.2B | ||
| Q3 25 | $-1.6B | $890.3M | ||
| Q2 25 | $200.0M | $1.2B | ||
| Q1 25 | $-65.0M | $827.2M | ||
| Q4 24 | $203.0M | $1.1B | ||
| Q3 24 | $147.0M | $892.9M | ||
| Q2 24 | $92.0M | $1.1B | ||
| Q1 24 | $2.0M | $773.1M |
自由现金流REZISPG
| Q4 25 | $262.0M | $948.8M | ||
| Q3 25 | $-1.6B | $685.0M | ||
| Q2 25 | $180.0M | $971.3M | ||
| Q1 25 | $-96.0M | $597.0M | ||
| Q4 24 | $181.0M | $867.7M | ||
| Q3 24 | $125.0M | $706.5M | ||
| Q2 24 | $77.0M | $874.8M | ||
| Q1 24 | $-19.0M | $610.1M |
自由现金流率REZISPG
| Q4 25 | 13.8% | 53.0% | ||
| Q3 25 | -85.8% | 42.8% | ||
| Q2 25 | 9.3% | 64.8% | ||
| Q1 25 | -5.4% | 40.5% | ||
| Q4 24 | 9.7% | 54.8% | ||
| Q3 24 | 6.8% | 47.7% | ||
| Q2 24 | 4.8% | 60.0% | ||
| Q1 24 | -1.3% | 42.3% |
资本支出强度REZISPG
| Q4 25 | 2.0% | 14.2% | ||
| Q3 25 | 1.5% | 12.8% | ||
| Q2 25 | 1.0% | 16.3% | ||
| Q1 25 | 1.8% | 15.6% | ||
| Q4 24 | 1.2% | 13.8% | ||
| Q3 24 | 1.2% | 12.6% | ||
| Q2 24 | 0.9% | 12.9% | ||
| Q1 24 | 1.4% | 11.3% |
现金转化率REZISPG
| Q4 25 | 2.20× | 0.34× | ||
| Q3 25 | -10.07× | 1.27× | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | -10.83× | 1.73× | ||
| Q4 24 | 8.83× | 1.41× | ||
| Q3 24 | 7.35× | 1.63× | ||
| Q2 24 | 3.07× | 1.87× | ||
| Q1 24 | 0.05× | 0.92× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
