Frontdoor Inc (FTDR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 885,000 | 710,000 | 784,000 | 716,000 | 678,000 |
| Revenue | US$ in thousands | 1,780,000 | 1,662,000 | 1,602,000 | 1,474,000 | 1,365,000 |
| Gross profit margin | 49.72% | 42.72% | 48.94% | 48.58% | 49.67% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $885,000K ÷ $1,780,000K
= 49.72%
Frontdoor Inc.'s gross profit margin has fluctuated over the past five years, ranging from a low of 42.72% in 2022 to a high of 49.72% in 2023. The company experienced a significant increase in gross profit margin in 2023 compared to the previous year. Despite this fluctuation, Frontdoor Inc. has generally maintained a gross profit margin above 48% over the past five years, indicating that the company has been effectively managing its production costs and generating healthy margins on its products or services. Overall, Frontdoor Inc.'s gross profit margin trend suggests stability and efficiency in its cost management and pricing strategies.
Peer comparison
Dec 31, 2023