Frontdoor Inc (FTDR)
Gross profit margin
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 885,000 | 853,000 | 795,000 | 736,000 | 710,000 | 705,000 | 749,000 | 780,000 | 784,000 | 781,000 | 742,000 | 718,000 | 717,000 | 719,000 | 710,000 | 697,000 | 678,000 | 663,000 | 633,000 |
| Revenue (ttm) | US$ in thousands | 1,780,000 | 1,754,000 | 1,714,000 | 1,678,000 | 1,662,000 | 1,661,000 | 1,648,000 | 1,623,000 | 1,601,000 | 1,585,000 | 1,554,000 | 1,509,000 | 1,474,000 | 1,451,000 | 1,418,000 | 1,389,000 | 1,366,000 | 1,345,000 | 1,315,000 |
| Gross profit margin | 49.72% | 48.63% | 46.38% | 43.86% | 42.72% | 42.44% | 45.45% | 48.06% | 48.97% | 49.27% | 47.75% | 47.58% | 48.64% | 49.55% | 50.07% | 50.18% | 49.63% | 49.29% | 48.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $885,000K ÷ $1,780,000K
= 49.72%
The gross profit margin of Frontdoor Inc. has shown a consistent upward trend over the quarters, reflecting improved efficiency in managing production costs and generating higher revenues. The margin increased from 42.72% in Q4 2022 to 49.72% in Q4 2023, indicating a significant improvement in profitability. This steady improvement suggests that Frontdoor Inc. has been successful in controlling its production costs and increasing sales prices, resulting in a higher percentage of revenue retained as gross profit. The company's ability to sustain and enhance its gross profit margin over consecutive quarters is a positive indicator of its operational effectiveness and overall financial health.
Peer comparison
Dec 31, 2023