ANGI Homeservices Inc (ANGI)
Profitability ratios
Return on sales
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 94.84% | 93.13% | 91.26% | 90.69% | 89.81% | 90.03% | 87.05% | 83.31% | 79.38% | 76.84% | 76.49% | 76.54% | 78.61% | 80.66% | 83.19% | 85.71% | 87.17% | 88.20% | 90.56% | 92.84% |
| Operating profit margin | 3.48% | 1.85% | 2.25% | 2.68% | 0.65% | -0.07% | -2.36% | -3.86% | -3.79% | -5.13% | -5.20% | -5.40% | -6.38% | -4.54% | -3.21% | -2.59% | 0.66% | -0.43% | 0.31% | 2.31% |
| Pretax margin | 3.35% | 1.69% | 2.28% | 0.60% | -1.29% | -2.18% | -6.28% | -6.23% | -6.36% | -7.68% | -6.43% | -6.73% | -7.76% | -6.08% | -4.84% | -4.10% | -0.56% | -1.32% | -0.22% | 1.90% |
| Net profit margin | 4.69% | 3.04% | 2.61% | -0.68% | -2.01% | -2.82% | -5.59% | -5.88% | -5.94% | -6.77% | -5.40% | -5.48% | -6.15% | -4.23% | -3.67% | -2.46% | 0.30% | -0.43% | 0.56% | 1.55% |
The financial data for ANGI Homeservices Inc. reveals notable trends in profitability ratios over the observed period from June 2020 through March 2025.
Gross Profit Margin:
There has been a consistent upward trajectory in gross profit margin across the period. Starting at a high 92.84% in June 2020, it experienced a gradual decline to a low of approximately 76.49% in September 2022. However, from late 2022 onward, a steady recovery is evident, with margins reaching 94.84% by March 2025. This indicates that the company's ability to retain revenue after deducting the cost of goods sold has improved substantially, especially from late 2022, suggesting enhanced pricing strategies, cost management, or both.
Operating Profit Margin:
Initially, the operating profit margin was modest, oscillating near zero and even negative, reaching -4.54% in December 2021. For some time, the margins remained negative, reflecting operational losses, with the lowest points around -6.38% in March 2022. Starting from the latter part of 2022 and into 2023, there is a clear positive shift, with operating margins turning positive and steadily increasing, culminating at 3.48% in March 2025. This transition indicates improved operational efficiency and control over operating expenses, enabling profitability at the operational level.
Pre-Tax Margin:
Similar to the operating margin, the pre-tax margin was predominantly negative, indicating losses before tax. It reached a trough of -7.76% in March 2022. From late 2022 onward, pre-tax margins trend upward, crossing into positive territory in March 2024 at 0.60% and further improving to 3.35% by March 2025. This suggests the company's ability to generate profits before tax has strengthened significantly, aligning with improvements in operating performance.
Net Profit Margin:
The net profit margin pattern echoes that of the pre-tax margin. It was negative for most of 2020 and 2021, reflecting overall losses after taxes, with the lowest at -6.77% in December 2022. A turning point occurs in 2024, where net margins begin to improve, crossing into positive territory by September 2024 at 2.61%, culminating at 4.69% in March 2025. This indicates increased profitability after all expenses, taxes included, demonstrating successful margin expansion efforts.
Overall, the data indicates a period of operational challenges through 2021 and early 2022, with profitability ratios recovering strongly from late 2022 onward. The trends suggest enhanced cost management, improved pricing power, and operational efficiencies contributing to the company’s transition toward sustained profitability.
Return on investment
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.17% | 1.20% | 1.47% | 1.87% | 0.48% | -0.05% | -1.96% | -3.46% | -3.71% | -5.08% | -4.93% | -4.89% | -5.52% | -3.81% | -2.52% | -1.91% | 0.44% | -0.27% | 0.19% | 1.67% |
| Return on assets (ROA) | 2.92% | 1.97% | 1.71% | -0.47% | -1.48% | -2.19% | -4.63% | -5.28% | -5.81% | -6.71% | -5.12% | -4.97% | -5.32% | -3.55% | -2.88% | -1.82% | 0.20% | -0.27% | 0.33% | 1.12% |
| Return on total capital | 5.08% | 2.93% | 5.35% | 2.92% | 0.94% | -0.69% | -8.97% | -9.12% | -10.27% | -12.16% | -9.72% | -9.81% | -10.51% | -7.25% | -4.65% | -3.43% | 0.82% | -0.40% | 0.55% | 2.79% |
| Return on equity (ROE) | 5.03% | 3.39% | 2.97% | -0.84% | -2.62% | -3.90% | -8.48% | -9.67% | -10.50% | -12.21% | -9.28% | -9.21% | -9.66% | -6.29% | -5.17% | -3.20% | 0.38% | -0.49% | 0.63% | 1.67% |
The profitability ratios of ANGI Homeservices Inc., as reflected in the provided data, exhibit significant fluctuations over the observed periods, with a noteworthy trend toward improving profitability in recent quarters.
Operating Return on Assets (Operating ROA):
From June 2020 to December 2023, the operating ROA demonstrated persistent negative values, indicating operational inefficiencies or losses relative to total assets during that timeframe. The lowest point was observed around March 2022, with a value of -5.52%. Starting in late 2023, a positive trajectory is evident, culminating in March 2025 with an operating ROA of 2.17%. This turning point signifies a potential recovery in operational efficiency and profitability.
Return on Assets (ROA):
Similar to operating ROA, ROA remained negative through most of 2020 and 2021, reaching a nadir of -6.71% in December 2022. Post-2022, there is a clear upward trend, with ROA improving consistently. By March 2025, it is projected to reach approximately 2.92%, marking a substantial rebound and suggesting enhanced overall asset utilization efficiency.
Return on Total Capital:
This metric reflects the company's effectiveness in generating returns for all providers of capital (debt and equity). It was predominantly negative from June 2020 through late 2022, with a notable low of -12.16% in December 2022. A recovery phase begins thereafter, with the ratio turning positive in early 2024. By March 2025, the return on total capital is forecasted at around 5.08%, indicating improved efficiency in capital deployment.
Return on Equity (ROE):
ROE, which measures the return attributable to shareholders, exhibited a similar downward trend, reaching -12.21% in December 2022. The recent data shows a strong reversal, with projections indicating ROE reaching approximately 5.03% by March 2025. This suggests that the firm is increasingly generating profits on shareholders' equity, reflecting enhanced profitability and possibly better margins or operational strategies.
Summary:
Overall, ANGI Homeservices Inc.'s profitability ratios have experienced a period of substantial negative performance from mid-2020 through late 2022. However, recent data indicates a significant turnaround, with profitability ratios turning positive and showing a consistent upward trajectory through 2024, reaching modest but meaningful levels by early 2025. These trends imply a restructuring or operational improvement phase, leading to more efficient asset and capital utilization and enhanced shareholder returns.