Frontdoor Inc (FTDR)
Gross profit margin
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 950,000 | 944,000 | 908,000 | 873,000 | 849,000 | 817,000 | 760,000 | 702,000 | 677,000 | 674,000 | 718,000 | 747,000 | 750,000 | 745,000 | 707,000 | 682,000 | 682,000 | 687,000 | 679,000 | 671,000 |
| Revenue (ttm) | US$ in thousands | 1,842,000 | 1,826,000 | 1,810,000 | 1,791,000 | 1,780,000 | 1,754,000 | 1,714,000 | 1,678,000 | 1,662,000 | 1,662,000 | 1,649,000 | 1,624,000 | 1,602,000 | 1,585,000 | 1,554,000 | 1,509,000 | 1,474,000 | 1,451,000 | 1,418,000 | 1,389,000 |
| Gross profit margin | 51.57% | 51.70% | 50.17% | 48.74% | 47.70% | 46.58% | 44.34% | 41.84% | 40.73% | 40.55% | 43.54% | 46.00% | 46.82% | 47.00% | 45.50% | 45.20% | 46.27% | 47.35% | 47.88% | 48.31% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $950,000K ÷ $1,842,000K
= 51.57%
Frontdoor Inc's gross profit margin has shown fluctuations over the period analyzed. It started at a relatively high level of 48.31% in March 2020 and experienced a slight decline over the next few quarters, reaching a low point of 40.55% by September 30, 2022.
From that point onwards, there was a gradual improvement in the gross profit margin, with an upward trend seen until December 31, 2024, where it stood at 51.57%. The increase in gross profit margin indicates that the company may have implemented cost-saving measures, increased pricing power, or improved operational efficiency during this period.
It is worth noting that despite the fluctuations, the gross profit margin generally remained within a range of approximately 40% to 50% throughout the analyzed period. This suggests that Frontdoor Inc has managed to maintain a healthy level of profitability relative to its cost of goods sold.
Overall, the upward trajectory seen in the latter part of the period indicates a positive trend in the company's ability to generate profit from its core business operations.
Peer comparison
Dec 31, 2024