Frontdoor, Inc. FTDR
Frontdoor is the leading provider of home warranties and new home builder warranties in the United States, as measured by revenue, and operates under the American Home Shield, HSA, OneGuard, Landmark and 2-10 HBW brands. Our customizable home warranties help customers protect and maintain their homes, typically their most valuable asset, from costly and unplanned breakdowns of essential home systems and appliances. Our home warranty customers frequently use our services, as we handle approximately 3.8 million home warranty service requests annually utilizing our nationwide network of approximately 17,000 qualified independent professional contractor firms in a wide range of trades and with diverse skills and capabilities. We provide our customers with a compelling value proposition by offering financial protection against unplanned and expensive home repairs, coupled with the convenience of having repairs guaranteed by us and completed by experienced professionals whose quality levels are regularly monitored. In addition to our home warranties, we continue to focus on and expand our non-warranty services, including our New HVAC upgrade program and Moen smart water shut-off value partnership program. We also offer new home builder warranty solutions, which deliver value to both builders and homeowners through a suite of builder warranty products and support services.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.09B | $1.84B | $1.78B | $1.66B | $1.60B | $1.47B | $1.36B | $1.26B | $1.16B | $1.02B |
| Cost of revenue | $936.0M | $852.0M | $895.0M | $952.0M | $818.0M | $758.0M | $687.0M | $686.0M | $589.0M | $526.0M |
| Gross profit | $1.16B | $991.0M | $885.0M | $710.0M | $784.0M | $716.0M | $678.0M | $572.0M | $567.0M | $494.0M |
| SG&A | $669.0M | $612.0M | $581.0M | $521.0M | $511.0M | $467.0M | $392.0M | $338.0M | $312.0M | $286.0M |
| Interest expense | $79.0M | $40.0M | $40.0M | $31.0M | $39.0M | $57.0M | $62.0M | $23.0M | $1.0M | — |
| Pre-tax income | $338.0M | $309.0M | $229.0M | $93.0M | $168.0M | $149.0M | $204.0M | $166.0M | $220.0M | $196.0M |
| Income tax | $84.0M | $74.0M | $57.0M | $22.0M | $39.0M | $37.0M | $51.0M | $42.0M | $60.0M | $71.0M |
| Net income | $255.0M | $235.0M | $171.0M | $71.0M | $128.0M | $112.0M | $153.0M | $125.0M | $160.0M | $124.0M |
| EPS, basic | 3.48 | 3.05 | 2.13 | 0.87 | 1.51 | 1.32 | 1.81 | 1.47 | 1.90 | 1.47 |
| EPS, diluted | 3.42 | 3.01 | 2.12 | 0.87 | 1.50 | 1.31 | 1.80 | 1.47 | 1.90 | 1.47 |
| Shares, diluted (wtd. avg.) | 74.5M | 78.0M | 80.9M | 82.0M | 85.5M | 85.5M | 84.9M | 84.7M | 84.5M | 84.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $566.0M | $421.0M | $325.0M | $292.0M | $262.0M | $597.0M | $428.0M | $296.0M | $282.0M | $168.0M |
| Short-term investments | $0 | $15.0M | $0 | — | — | — | $7.0M | $9.0M | $25.0M | — |
| Receivables | $10.0M | $10.0M | $6.0M | $5.0M | $7.0M | $5.0M | $11.0M | $12.0M | $406.0M | — |
| Total current assets | $624.0M | $488.0M | $363.0M | $330.0M | $295.0M | $626.0M | $461.0M | $330.0M | $741.0M | — |
| Property, plant and equipment | $57.0M | $73.0M | $60.0M | $66.0M | $66.0M | $60.0M | $51.0M | $47.0M | $31.0M | — |
| Goodwill | $959.0M | $967.0M | $503.0M | $503.0M | $512.0M | $512.0M | $501.0M | $476.0M | $476.0M | $471.0M |
| Other intangibles | $398.0M | $448.0M | $143.0M | $148.0M | $159.0M | $170.0M | $191.0M | $158.0M | $165.0M | — |
| Total assets | $2.14B | $2.11B | $1.09B | $1.08B | $1.07B | $1.41B | $1.25B | $1.04B | $1.42B | — |
| Accounts payable | $89.0M | $71.0M | $76.0M | $80.0M | $66.0M | $55.0M | $48.0M | $41.0M | $33.0M | — |
| Total current liabilities | $402.0M | $369.0M | $331.0M | $364.0M | $378.0M | $403.0M | $364.0M | $345.0M | $705.0M | — |
| Long-term debt | $1.17B | $1.20B | $593.0M | $609.0M | — | — | — | — | — | — |
| Total liabilities | — | — | — | — | — | — | — | $1.39B | — | — |
| Retained earnings | $785.0M | $530.0M | $296.0M | $124.0M | $53.0M | -$75.0M | -$188.0M | -$336.0M | — | — |
| Total equity | $242.0M | $239.0M | $136.0M | $61.0M | $2.0M | -$61.0M | -$179.0M | -$344.0M | $661.0M | $560.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $416.0M | $270.0M | $202.0M | $142.0M | $185.0M | $207.0M | $200.0M | $189.0M | $194.0M | $155.0M |
| Depreciation and amortisation | $36.0M | $35.0M | $32.0M | $27.0M | $24.0M | $22.0M | $18.0M | $12.0M | $9.0M | $8.0M |
| Stock-based compensation | $34.0M | $26.0M | $26.0M | $22.0M | $25.0M | $17.0M | $9.0M | $4.0M | $4.0M | $4.0M |
| Capital expenditure | $26.0M | $39.0M | $32.0M | $40.0M | $31.0M | $32.0M | $22.0M | $27.0M | $15.0M | $11.0M |
| Investing cash flow | $31.0M | -$622.0M | -$32.0M | -$35.0M | -$31.0M | -$31.0M | -$61.0M | -$10.0M | -$11.0M | -$55.0M |
| Financing cash flow | -$302.0M | $447.0M | -$137.0M | -$77.0M | -$489.0M | -$7.0M | -$7.0M | -$165.0M | -$68.0M | -$88.0M |
| Dividends paid | — | — | — | — | — | — | — | $137.0M | $63.0M | $87.0M |
| Buybacks | $283.0M | $161.0M | $121.0M | $59.0M | $103.0M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-076548.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.16B | $1.26B | $1.36B | $1.47B | $1.60B | $1.66B | $1.78B | $1.84B | $2.09B |
| Gross profit | $494.0M | $567.0M | $572.0M | $678.0M | $716.0M | $784.0M | $710.0M | $885.0M | $991.0M | $1.16B |
| Net income | $124.0M | $160.0M | $125.0M | $153.0M | $112.0M | $128.0M | $71.0M | $171.0M | $235.0M | $255.0M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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