Frontdoor, Inc. (FTDR) 10-Year Financial Performance & Capital Metrics

FTDR • • Industrial / General

Consumer CyclicalPersonal ServicesHome & Household ServicesHome Maintenance & Repair

AboutFrontdoor, Inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and central heating, ventilation, and air conditioning systems. It also offers ProConnect on-demand home services business and Streem, a technology platform that uses augmented reality, computer vision, and machine learning that helps home service professionals quickly and accurately diagnose breakdowns and complete repairs. The company serves homeowners under the American Home Shield, HSA, Landmark Home Warranty, OneGuard, Frontdoor, and Streem brands. The company was founded in 1971 and is headquartered in Memphis, Tennessee.Show more

Revenue $1.84B +3.5%
EBITDA $379M +24.7%
Net Income $235M +37.4%
EPS (Diluted) 3.01 +42.7%
Gross Margin 53.77% +12.9%
EBITDA Margin 20.56% +20.4%
Operating Margin 18.45% +23.0%
Net Margin 12.75% +32.7%
ROE 125% -27.6%
ROIC 34.96% -28.6%
Debt/Equity 5.10 +14.6%
Interest Coverage 7.08 +24.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 173.2%
✓Share count reduced 3.6% through buybacks

✗Weaknesses

✗High debt to equity ratio of 5.1x
✗Expensive at 19.8x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y6.19%

3Y4.78%

TTM11.77%

Profit (Net Income) CAGR

10Y-

5Y8.96%

3Y22.45%

TTM12.39%

EPS CAGR

10Y-

5Y10.83%

3Y26.13%

TTM15.61%

ROCE

10Y Avg30.29%

5Y Avg28%

3Y Avg28.43%

Latest27.24%

Peer Comparison

Home Maintenance & Repair

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FTDRFrontdoor, Inc.	4.38B	60.70	20.17	3.54%	12.88%	83.23%	5.28%	5.10
EJHE-Home Household Service Holdings Limited	64M	0.80	-0.03	-25.81%	-55.52%	-26.27%		0.02

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.02B	1.16B	1.26B	1.36B	1.47B	1.6B	1.66B	1.78B	1.84B
Revenue Growth %	-	0.13%	0.09%	0.09%	0.08%	0.09%	0.04%	0.07%	0.04%
Cost of Goods Sold+	526M	589M	706M	687M	758M	853M	986M	932M	852M
COGS % of Revenue	0.52%	0.51%	0.56%	0.5%	0.51%	0.53%	0.59%	0.52%	0.46%
Gross Profit+	494M	568M	552M	678M	716M	749M	676M	848M	991M
Gross Margin %	0.48%	0.49%	0.44%	0.5%	0.49%	0.47%	0.41%	0.48%	0.54%
Gross Profit Growth %	-	0.15%	-0.03%	0.23%	0.06%	0.05%	-0.1%	0.25%	0.17%
Operating Expenses+	300M	329M	338M	392M	467M	509M	522M	581M	652M
OpEx % of Revenue	0.29%	0.28%	0.27%	0.29%	0.32%	0.32%	0.31%	0.33%	0.35%
Selling, General & Admin	286M	312M	338M	0	0	509M	522M	581M	612M
SG&A % of Revenue	0.28%	0.27%	0.27%	-	-	0.32%	0.31%	0.33%	0.33%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-3M	-2M	0	392M	467M	0	0	0	40M
Operating Income+	194M	239M	214M	286M	249M	240M	154M	267M	340M
Operating Margin %	0.19%	0.21%	0.17%	0.21%	0.17%	0.15%	0.09%	0.15%	0.18%
Operating Income Growth %	-	0.23%	-0.1%	0.34%	-0.13%	-0.04%	-0.36%	0.73%	0.27%
EBITDA+	208M	256M	234M	309M	283M	275M	188M	304M	379M
EBITDA Margin %	0.2%	0.22%	0.19%	0.23%	0.19%	0.17%	0.11%	0.17%	0.21%
EBITDA Growth %	-	0.23%	-0.09%	0.32%	-0.08%	-0.03%	-0.32%	0.62%	0.25%
D&A (Non-Cash Add-back)	14M	17M	20M	23M	34M	35M	34M	37M	39M
EBIT	196M	221M	190M	262M	215M	197M	119M	274M	349M
Net Interest Income+	2M	4M	-19M	-53M	-46M	-28M	-22M	-31M	-28M
Interest Income	2M	3M	4M	6M	2M	1M	4M	16M	20M
Interest Expense	0	1M	23M	59M	48M	29M	26M	47M	48M
Other Income/Expense	1M	-19M	-47M	-82M	-100M	-72M	-61M	-40M	-31M
Pretax Income+	196M	220M	167M	204M	149M	168M	93M	227M	309M
Pretax Margin %	0.19%	0.19%	0.13%	0.15%	0.1%	0.1%	0.06%	0.13%	0.17%
Income Tax+	71M	60M	42M	51M	37M	39M	22M	56M	74M
Effective Tax Rate %	0.63%	0.73%	0.75%	0.75%	0.75%	0.76%	0.76%	0.75%	0.76%
Net Income+	124M	160M	125M	153M	112M	128M	71M	171M	235M
Net Margin %	0.12%	0.14%	0.1%	0.11%	0.08%	0.08%	0.04%	0.1%	0.13%
Net Income Growth %	-	0.29%	-0.22%	0.22%	-0.27%	0.14%	-0.45%	1.41%	0.37%
Net Income (Continuing)	125M	160M	125M	153M	112M	129M	71M	171M	235M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.46	1.89	1.48	1.80	1.31	1.50	0.87	2.11	3.01
EPS Growth %	-	0.29%	-0.22%	0.22%	-0.27%	0.15%	-0.42%	1.43%	0.43%
EPS (Basic)	1.47	1.89	1.48	1.81	1.31	1.50	0.87	2.12	3.05
Diluted Shares Outstanding	84.7M	84.7M	84.7M	84.9M	85.5M	85.5M	82M	80.9M	78M
Basic Shares Outstanding	84.5M	84.5M	84.5M	84.7M	85.2M	85.1M	81.8M	80.5M	77M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	594M	741M	330M	461M	626M	295M	330M	363M	488M
Cash & Short-Term Investments	193M	307M	305M	435M	597M	262M	292M	325M	436M
Cash Only	168M	282M	296M	428M	597M	262M	292M	325M	421M
Short-Term Investments	25M	25M	9M	7M	0	0	0	0	15M
Accounts Receivable	372M	406M	12M	11M	5M	7M	5M	6M	10M
Days Sales Outstanding	133.12	128.08	3.48	2.94	1.24	1.59	1.1	1.23	1.98
Inventory	0	0	0	16M	0	0	-6M	0	0
Days Inventory Outstanding	-	-	-	8.5	-	-	-	-	-
Other Current Assets	18M	18M	0	-17M	0	1M	39M	32M	42M
Total Non-Current Assets+	680M	674M	712M	789M	779M	775M	752M	727M	1.62B
Property, Plant & Equipment	24M	30M	47M	68M	75M	82M	77M	64M	81M
Fixed Asset Turnover	42.50x	38.57x	26.77x	20.07x	19.65x	19.54x	21.58x	27.81x	22.75x
Goodwill	471M	476M	476M	501M	512M	512M	503M	503M	967M
Intangible Assets	176M	165M	158M	191M	170M	160M	148M	143M	448M
Long-Term Investments	5M	2M	0	0	0	0	4M	0	38M
Other Non-Current Assets	4M	1M	31M	29M	22M	21M	24M	17M	85M
Total Assets+	1.28B	1.42B	1.04B	1.25B	1.41B	1.07B	1.08B	1.09B	2.11B
Asset Turnover	0.80x	0.82x	1.21x	1.09x	1.05x	1.50x	1.54x	1.63x	0.87x
Asset Growth %	-	0.11%	-0.26%	0.2%	0.12%	-0.24%	0.01%	0.01%	0.93%
Total Current Liabilities+	641M	705M	345M	364M	403M	378M	364M	331M	369M
Accounts Payable	28M	33M	41M	48M	55M	66M	80M	76M	71M
Days Payables Outstanding	19.43	20.45	21.2	25.5	26.48	28.24	29.61	29.76	30.42
Short-Term Debt	4M	9M	7M	7M	7M	17M	17M	17M	29M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	581M	59M	0	0	0	0	0	0	0
Current Ratio	0.93x	1.05x	0.96x	1.27x	1.55x	0.78x	0.91x	1.10x	1.32x
Quick Ratio	0.93x	1.05x	0.96x	1.22x	1.55x	0.78x	0.92x	1.10x	1.32x
Cash Conversion Cycle	-	-	-	-14.06	-	-	-	-	-
Total Non-Current Liabilities+	75M	50M	1.04B	1.06B	1.06B	688M	657M	621M	1.5B
Long-Term Debt	10M	0	977M	973M	968M	608M	592M	577M	1.17B
Capital Lease Obligations	0	0	0	20M	18M	19M	18M	16M	20M
Deferred Tax Liabilities	56M	38M	39M	45M	38M	41M	39M	25M	49M
Other Non-Current Liabilities	65M	11M	23M	27M	39M	20M	8M	3M	15M
Total Liabilities	716M	755M	1.38B	1.43B	1.47B	1.07B	1.02B	952M	1.87B
Total Debt+	14M	9M	984M	1B	993M	644M	627M	610M	1.22B
Net Debt	-154M	-273M	688M	572M	396M	382M	335M	285M	798M
Debt / Equity	0.03x	0.01x	-	-	-	214.67x	10.28x	4.45x	5.10x
Debt / EBITDA	0.07x	0.04x	4.21x	3.24x	3.51x	2.34x	3.34x	2.01x	3.22x
Net Debt / EBITDA	-0.74x	-1.07x	2.94x	1.85x	1.40x	1.39x	1.78x	0.94x	2.11x
Interest Coverage	-	239.00x	9.30x	4.85x	5.19x	8.28x	5.92x	5.68x	7.08x
Total Equity+	560M	661M	-343M	-179M	-61M	3M	61M	137M	239M
Equity Growth %	-	0.18%	-1.52%	0.48%	0.66%	1.05%	19.33%	1.25%	0.74%
Book Value per Share	6.61	7.80	-4.05	-2.11	-0.71	0.04	0.74	1.69	3.06
Total Shareholders' Equity	560M	661M	-343M	-179M	-61M	3M	61M	137M	239M
Common Stock	560M	661M	1M	1M	1M	1M	1M	1M	1M
Retained Earnings	0	0	-336M	-188M	-75M	53M	124M	296M	530M
Treasury Stock	0	0	0	0	0	-103M	-162M	-283M	-444M
Accumulated OCI	0	0	-9M	-21M	-33M	-18M	8M	6M	0
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	155M	194M	189M	200M	207M	185M	142M	202M	270M
Operating CF Margin %	0.15%	0.17%	0.15%	0.15%	0.14%	0.12%	0.09%	0.11%	0.15%
Operating CF Growth %	-	0.25%	-0.03%	0.06%	0.04%	-0.11%	-0.23%	0.42%	0.34%
Net Income	124M	160M	125M	153M	112M	128M	71M	171M	235M
Depreciation & Amortization	14M	17M	20M	24M	34M	35M	34M	37M	51M
Stock-Based Compensation	4M	4M	4M	9M	17M	25M	22M	26M	0
Deferred Taxes	1M	-19M	7M	-1M	0	-2M	-10M	-13M	0
Other Non-Cash Items	3M	1M	1M	4M	6M	37M	30M	13M	20M
Working Capital Changes	12M	31M	32M	11M	38M	-38M	-5M	-32M	-36M
Change in Receivables	-40M	-33M	4M	1M	6M	-2M	2M	0	1M
Change in Inventory	0	15M	15M	-1M	0	2M	0	0	0
Change in Payables	0	5M	8M	7M	7M	10M	15M	-4M	-7M
Cash from Investing+	-55M	-11M	-10M	-61M	-31M	-31M	-35M	-32M	-622M
Capital Expenditures	-11M	-15M	-27M	-22M	-32M	-31M	-40M	-32M	-39M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	43M	4M	17M	-3M	-1M	0	5M	0	0
Cash from Financing+	-88M	-68M	-165M	-7M	-7M	-489M	-77M	-137M	448M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-87M	-63M	-155M	0	0	-1M	-1M	1M	9M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	144M	179M	162M	178M	175M	154M	102M	170M	231M
FCF Margin %	0.14%	0.15%	0.13%	0.13%	0.12%	0.1%	0.06%	0.1%	0.13%
FCF Growth %	-	0.24%	-0.09%	0.1%	-0.02%	-0.12%	-0.34%	0.67%	0.36%
FCF per Share	1.70	2.11	1.91	2.10	2.05	1.80	1.24	2.10	2.96
FCF Conversion (FCF/Net Income)	1.25x	1.21x	1.51x	1.31x	1.85x	1.45x	2.00x	1.18x	1.15x
Interest Paid	0	0	0	59M	55M	46M	29M	38M	0
Taxes Paid	0	0	0	52M	37M	40M	26M	72M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	22.14%	26.21%	78.62%	-	-	4266.67%	221.88%	172.73%	125%
Return on Invested Capital (ROIC)	35.84%	45.15%	43.79%	58.13%	51.3%	50%	29.58%	48.96%	34.96%
Gross Margin	48.43%	49.09%	43.88%	49.67%	48.58%	46.75%	40.67%	47.64%	53.77%
Net Margin	12.16%	13.83%	9.94%	11.21%	7.6%	7.99%	4.27%	9.61%	12.75%
Debt / Equity	0.03x	0.01x	-	-	-	214.67x	10.28x	4.45x	5.10x
Interest Coverage	-	239.00x	9.30x	4.85x	5.19x	8.28x	5.92x	5.68x	7.08x
FCF Conversion	1.25x	1.21x	1.51x	1.31x	1.85x	1.45x	2.00x	1.18x	1.15x
Revenue Growth	-	13.43%	8.73%	8.51%	7.99%	8.68%	3.75%	7.1%	3.54%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Renewals	835M	926M	1.01B	1.1B	1.2B	1.37B	1.44B
Renewals Growth	-	10.90%	9.40%	8.88%	9.07%	13.63%	5.12%
Direct To Consumer Home Service Plan Contracts	156M	167M	183M	201M	219M	194M	166M
Direct To Consumer Home Service Plan Contracts Growth	-	7.05%	9.58%	9.84%	8.96%	-11.42%	-14.43%
Real Estate Home Service Plan Contracts	262M	263M	263M	252M	184M	141M	125M
Real Estate Home Service Plan Contracts Growth	-	0.38%	0.00%	-4.18%	-26.98%	-23.37%	-11.35%
Service Other	6M	8M	16M	46M	56M	77M	116M
Service Other Growth	-	33.33%	100.00%	187.50%	21.74%	37.50%	50.65%

Frequently Asked Questions

Valuation & Price

Frontdoor, Inc. (FTDR) has a price-to-earnings (P/E) ratio of 20.2x. This is roughly in line with market averages.

Growth & Financials

Frontdoor, Inc. (FTDR) reported $2.04B in revenue for fiscal year 2024. This represents a 100% increase from $1.02B in 2016.

Frontdoor, Inc. (FTDR) grew revenue by 3.5% over the past year. Growth has been modest.

Yes, Frontdoor, Inc. (FTDR) is profitable, generating $263.0M in net income for fiscal year 2024 (12.8% net margin).

Dividend & Returns

Frontdoor, Inc. (FTDR) has a return on equity (ROE) of 125.0%. This is excellent, indicating efficient use of shareholder capital.

Frontdoor, Inc. (FTDR) generated $345.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Frontdoor, Inc. (FTDR) 10-Year Financial Performance & Capital Metrics

FTDR • • Industrial / General

Consumer CyclicalPersonal ServicesHome & Household ServicesHome Maintenance & Repair

Revenue $1.84B +3.5%
EBITDA $379M +24.7%
Net Income $235M +37.4%
EPS (Diluted) 3.01 +42.7%
Gross Margin 53.77% +12.9%
EBITDA Margin 20.56% +20.4%
Operating Margin 18.45% +23.0%
Net Margin 12.75% +32.7%
ROE 125% -27.6%
ROIC 34.96% -28.6%
Debt/Equity 5.10 +14.6%
Interest Coverage 7.08 +24.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 173.2%
✓Share count reduced 3.6% through buybacks

✗Weaknesses

✗High debt to equity ratio of 5.1x
✗Expensive at 19.8x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y6.19%

3Y4.78%

TTM11.77%

Profit (Net Income) CAGR

10Y-

5Y8.96%

3Y22.45%

TTM12.39%

EPS CAGR

10Y-

5Y10.83%

3Y26.13%

TTM15.61%

ROCE

10Y Avg30.29%

5Y Avg28%

3Y Avg28.43%

Latest27.24%

Peer Comparison

Home Maintenance & Repair

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FTDRFrontdoor, Inc.	4.38B	60.70	20.17	3.54%	12.88%	83.23%	5.28%	5.10
EJHE-Home Household Service Holdings Limited	64M	0.80	-0.03	-25.81%	-55.52%	-26.27%		0.02

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.02B	1.16B	1.26B	1.36B	1.47B	1.6B	1.66B	1.78B	1.84B
Revenue Growth %	-	0.13%	0.09%	0.09%	0.08%	0.09%	0.04%	0.07%	0.04%
Cost of Goods Sold+	526M	589M	706M	687M	758M	853M	986M	932M	852M
COGS % of Revenue	0.52%	0.51%	0.56%	0.5%	0.51%	0.53%	0.59%	0.52%	0.46%
Gross Profit+	494M	568M	552M	678M	716M	749M	676M	848M	991M
Gross Margin %	0.48%	0.49%	0.44%	0.5%	0.49%	0.47%	0.41%	0.48%	0.54%
Gross Profit Growth %	-	0.15%	-0.03%	0.23%	0.06%	0.05%	-0.1%	0.25%	0.17%
Operating Expenses+	300M	329M	338M	392M	467M	509M	522M	581M	652M
OpEx % of Revenue	0.29%	0.28%	0.27%	0.29%	0.32%	0.32%	0.31%	0.33%	0.35%
Selling, General & Admin	286M	312M	338M	0	0	509M	522M	581M	612M
SG&A % of Revenue	0.28%	0.27%	0.27%	-	-	0.32%	0.31%	0.33%	0.33%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-3M	-2M	0	392M	467M	0	0	0	40M
Operating Income+	194M	239M	214M	286M	249M	240M	154M	267M	340M
Operating Margin %	0.19%	0.21%	0.17%	0.21%	0.17%	0.15%	0.09%	0.15%	0.18%
Operating Income Growth %	-	0.23%	-0.1%	0.34%	-0.13%	-0.04%	-0.36%	0.73%	0.27%
EBITDA+	208M	256M	234M	309M	283M	275M	188M	304M	379M
EBITDA Margin %	0.2%	0.22%	0.19%	0.23%	0.19%	0.17%	0.11%	0.17%	0.21%
EBITDA Growth %	-	0.23%	-0.09%	0.32%	-0.08%	-0.03%	-0.32%	0.62%	0.25%
D&A (Non-Cash Add-back)	14M	17M	20M	23M	34M	35M	34M	37M	39M
EBIT	196M	221M	190M	262M	215M	197M	119M	274M	349M
Net Interest Income+	2M	4M	-19M	-53M	-46M	-28M	-22M	-31M	-28M
Interest Income	2M	3M	4M	6M	2M	1M	4M	16M	20M
Interest Expense	0	1M	23M	59M	48M	29M	26M	47M	48M
Other Income/Expense	1M	-19M	-47M	-82M	-100M	-72M	-61M	-40M	-31M
Pretax Income+	196M	220M	167M	204M	149M	168M	93M	227M	309M
Pretax Margin %	0.19%	0.19%	0.13%	0.15%	0.1%	0.1%	0.06%	0.13%	0.17%
Income Tax+	71M	60M	42M	51M	37M	39M	22M	56M	74M
Effective Tax Rate %	0.63%	0.73%	0.75%	0.75%	0.75%	0.76%	0.76%	0.75%	0.76%
Net Income+	124M	160M	125M	153M	112M	128M	71M	171M	235M
Net Margin %	0.12%	0.14%	0.1%	0.11%	0.08%	0.08%	0.04%	0.1%	0.13%
Net Income Growth %	-	0.29%	-0.22%	0.22%	-0.27%	0.14%	-0.45%	1.41%	0.37%
Net Income (Continuing)	125M	160M	125M	153M	112M	129M	71M	171M	235M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.46	1.89	1.48	1.80	1.31	1.50	0.87	2.11	3.01
EPS Growth %	-	0.29%	-0.22%	0.22%	-0.27%	0.15%	-0.42%	1.43%	0.43%
EPS (Basic)	1.47	1.89	1.48	1.81	1.31	1.50	0.87	2.12	3.05
Diluted Shares Outstanding	84.7M	84.7M	84.7M	84.9M	85.5M	85.5M	82M	80.9M	78M
Basic Shares Outstanding	84.5M	84.5M	84.5M	84.7M	85.2M	85.1M	81.8M	80.5M	77M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	594M	741M	330M	461M	626M	295M	330M	363M	488M
Cash & Short-Term Investments	193M	307M	305M	435M	597M	262M	292M	325M	436M
Cash Only	168M	282M	296M	428M	597M	262M	292M	325M	421M
Short-Term Investments	25M	25M	9M	7M	0	0	0	0	15M
Accounts Receivable	372M	406M	12M	11M	5M	7M	5M	6M	10M
Days Sales Outstanding	133.12	128.08	3.48	2.94	1.24	1.59	1.1	1.23	1.98
Inventory	0	0	0	16M	0	0	-6M	0	0
Days Inventory Outstanding	-	-	-	8.5	-	-	-	-	-
Other Current Assets	18M	18M	0	-17M	0	1M	39M	32M	42M
Total Non-Current Assets+	680M	674M	712M	789M	779M	775M	752M	727M	1.62B
Property, Plant & Equipment	24M	30M	47M	68M	75M	82M	77M	64M	81M
Fixed Asset Turnover	42.50x	38.57x	26.77x	20.07x	19.65x	19.54x	21.58x	27.81x	22.75x
Goodwill	471M	476M	476M	501M	512M	512M	503M	503M	967M
Intangible Assets	176M	165M	158M	191M	170M	160M	148M	143M	448M
Long-Term Investments	5M	2M	0	0	0	0	4M	0	38M
Other Non-Current Assets	4M	1M	31M	29M	22M	21M	24M	17M	85M
Total Assets+	1.28B	1.42B	1.04B	1.25B	1.41B	1.07B	1.08B	1.09B	2.11B
Asset Turnover	0.80x	0.82x	1.21x	1.09x	1.05x	1.50x	1.54x	1.63x	0.87x
Asset Growth %	-	0.11%	-0.26%	0.2%	0.12%	-0.24%	0.01%	0.01%	0.93%
Total Current Liabilities+	641M	705M	345M	364M	403M	378M	364M	331M	369M
Accounts Payable	28M	33M	41M	48M	55M	66M	80M	76M	71M
Days Payables Outstanding	19.43	20.45	21.2	25.5	26.48	28.24	29.61	29.76	30.42
Short-Term Debt	4M	9M	7M	7M	7M	17M	17M	17M	29M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	581M	59M	0	0	0	0	0	0	0
Current Ratio	0.93x	1.05x	0.96x	1.27x	1.55x	0.78x	0.91x	1.10x	1.32x
Quick Ratio	0.93x	1.05x	0.96x	1.22x	1.55x	0.78x	0.92x	1.10x	1.32x
Cash Conversion Cycle	-	-	-	-14.06	-	-	-	-	-
Total Non-Current Liabilities+	75M	50M	1.04B	1.06B	1.06B	688M	657M	621M	1.5B
Long-Term Debt	10M	0	977M	973M	968M	608M	592M	577M	1.17B
Capital Lease Obligations	0	0	0	20M	18M	19M	18M	16M	20M
Deferred Tax Liabilities	56M	38M	39M	45M	38M	41M	39M	25M	49M
Other Non-Current Liabilities	65M	11M	23M	27M	39M	20M	8M	3M	15M
Total Liabilities	716M	755M	1.38B	1.43B	1.47B	1.07B	1.02B	952M	1.87B
Total Debt+	14M	9M	984M	1B	993M	644M	627M	610M	1.22B
Net Debt	-154M	-273M	688M	572M	396M	382M	335M	285M	798M
Debt / Equity	0.03x	0.01x	-	-	-	214.67x	10.28x	4.45x	5.10x
Debt / EBITDA	0.07x	0.04x	4.21x	3.24x	3.51x	2.34x	3.34x	2.01x	3.22x
Net Debt / EBITDA	-0.74x	-1.07x	2.94x	1.85x	1.40x	1.39x	1.78x	0.94x	2.11x
Interest Coverage	-	239.00x	9.30x	4.85x	5.19x	8.28x	5.92x	5.68x	7.08x
Total Equity+	560M	661M	-343M	-179M	-61M	3M	61M	137M	239M
Equity Growth %	-	0.18%	-1.52%	0.48%	0.66%	1.05%	19.33%	1.25%	0.74%
Book Value per Share	6.61	7.80	-4.05	-2.11	-0.71	0.04	0.74	1.69	3.06
Total Shareholders' Equity	560M	661M	-343M	-179M	-61M	3M	61M	137M	239M
Common Stock	560M	661M	1M	1M	1M	1M	1M	1M	1M
Retained Earnings	0	0	-336M	-188M	-75M	53M	124M	296M	530M
Treasury Stock	0	0	0	0	0	-103M	-162M	-283M	-444M
Accumulated OCI	0	0	-9M	-21M	-33M	-18M	8M	6M	0
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	155M	194M	189M	200M	207M	185M	142M	202M	270M
Operating CF Margin %	0.15%	0.17%	0.15%	0.15%	0.14%	0.12%	0.09%	0.11%	0.15%
Operating CF Growth %	-	0.25%	-0.03%	0.06%	0.04%	-0.11%	-0.23%	0.42%	0.34%
Net Income	124M	160M	125M	153M	112M	128M	71M	171M	235M
Depreciation & Amortization	14M	17M	20M	24M	34M	35M	34M	37M	51M
Stock-Based Compensation	4M	4M	4M	9M	17M	25M	22M	26M	0
Deferred Taxes	1M	-19M	7M	-1M	0	-2M	-10M	-13M	0
Other Non-Cash Items	3M	1M	1M	4M	6M	37M	30M	13M	20M
Working Capital Changes	12M	31M	32M	11M	38M	-38M	-5M	-32M	-36M
Change in Receivables	-40M	-33M	4M	1M	6M	-2M	2M	0	1M
Change in Inventory	0	15M	15M	-1M	0	2M	0	0	0
Change in Payables	0	5M	8M	7M	7M	10M	15M	-4M	-7M
Cash from Investing+	-55M	-11M	-10M	-61M	-31M	-31M	-35M	-32M	-622M
Capital Expenditures	-11M	-15M	-27M	-22M	-32M	-31M	-40M	-32M	-39M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	43M	4M	17M	-3M	-1M	0	5M	0	0
Cash from Financing+	-88M	-68M	-165M	-7M	-7M	-489M	-77M	-137M	448M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-87M	-63M	-155M	0	0	-1M	-1M	1M	9M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	144M	179M	162M	178M	175M	154M	102M	170M	231M
FCF Margin %	0.14%	0.15%	0.13%	0.13%	0.12%	0.1%	0.06%	0.1%	0.13%
FCF Growth %	-	0.24%	-0.09%	0.1%	-0.02%	-0.12%	-0.34%	0.67%	0.36%
FCF per Share	1.70	2.11	1.91	2.10	2.05	1.80	1.24	2.10	2.96
FCF Conversion (FCF/Net Income)	1.25x	1.21x	1.51x	1.31x	1.85x	1.45x	2.00x	1.18x	1.15x
Interest Paid	0	0	0	59M	55M	46M	29M	38M	0
Taxes Paid	0	0	0	52M	37M	40M	26M	72M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	22.14%	26.21%	78.62%	-	-	4266.67%	221.88%	172.73%	125%
Return on Invested Capital (ROIC)	35.84%	45.15%	43.79%	58.13%	51.3%	50%	29.58%	48.96%	34.96%
Gross Margin	48.43%	49.09%	43.88%	49.67%	48.58%	46.75%	40.67%	47.64%	53.77%
Net Margin	12.16%	13.83%	9.94%	11.21%	7.6%	7.99%	4.27%	9.61%	12.75%
Debt / Equity	0.03x	0.01x	-	-	-	214.67x	10.28x	4.45x	5.10x
Interest Coverage	-	239.00x	9.30x	4.85x	5.19x	8.28x	5.92x	5.68x	7.08x
FCF Conversion	1.25x	1.21x	1.51x	1.31x	1.85x	1.45x	2.00x	1.18x	1.15x
Revenue Growth	-	13.43%	8.73%	8.51%	7.99%	8.68%	3.75%	7.1%	3.54%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Renewals	835M	926M	1.01B	1.1B	1.2B	1.37B	1.44B
Renewals Growth	-	10.90%	9.40%	8.88%	9.07%	13.63%	5.12%
Direct To Consumer Home Service Plan Contracts	156M	167M	183M	201M	219M	194M	166M
Direct To Consumer Home Service Plan Contracts Growth	-	7.05%	9.58%	9.84%	8.96%	-11.42%	-14.43%
Real Estate Home Service Plan Contracts	262M	263M	263M	252M	184M	141M	125M
Real Estate Home Service Plan Contracts Growth	-	0.38%	0.00%	-4.18%	-26.98%	-23.37%	-11.35%
Service Other	6M	8M	16M	46M	56M	77M	116M
Service Other Growth	-	33.33%	100.00%	187.50%	21.74%	37.50%	50.65%

Frequently Asked Questions

Valuation & Price

Frontdoor, Inc. (FTDR) has a price-to-earnings (P/E) ratio of 20.2x. This is roughly in line with market averages.

Growth & Financials

Frontdoor, Inc. (FTDR) reported $2.04B in revenue for fiscal year 2024. This represents a 100% increase from $1.02B in 2016.

Frontdoor, Inc. (FTDR) grew revenue by 3.5% over the past year. Growth has been modest.

Yes, Frontdoor, Inc. (FTDR) is profitable, generating $263.0M in net income for fiscal year 2024 (12.8% net margin).

Dividend & Returns

Frontdoor, Inc. (FTDR) has a return on equity (ROE) of 125.0%. This is excellent, indicating efficient use of shareholder capital.

Frontdoor, Inc. (FTDR) generated $345.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.