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

Company name
Symbol
Gross profit margin
Frontdoor Inc
FTDR
49.72%
ABM Industries Incorporated
ABM
4.05%
Airbnb Inc
ABNB
82.83%
Rollins Inc
ROL
15.79%