Frontdoor Inc (FTDR)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 241,000 122,000 235,000 205,000 261,000
Revenue US$ in thousands 1,780,000 1,662,000 1,602,000 1,474,000 1,365,000
Operating profit margin 13.54% 7.34% 14.67% 13.91% 19.12%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $241,000K ÷ $1,780,000K
= 13.54%

Frontdoor Inc.'s operating profit margin has shown fluctuations over the past five years. In 2019, the operating profit margin was relatively high at 19.19%, indicating that the company was able to generate significant operating profits relative to its revenue. However, in 2020, there was a slight drop to 14.59%, suggesting some challenges or increased costs impacting the company's ability to maintain higher profitability.

Subsequently, in 2021, there was a notable increase in operating profit margin to 14.86%, indicating improved efficiency or cost management within the company. However, in 2022, the operating profit margin decreased to 9.33%, which could point towards operational difficulties or increased expenses affecting profitability.

The most recent data for 2023 shows an operating profit margin of 15.00%, which is an improvement from the previous year. This could suggest that Frontdoor Inc. has taken steps to enhance profitability or streamline its operations.

In conclusion, while Frontdoor Inc.'s operating profit margin has fluctuated over the years, the recent improvement in 2023 may indicate a positive trend towards better operational efficiency and profitability for the company. It is essential to further analyze the factors influencing these fluctuations to assess the company's financial health accurately.


Peer comparison

Dec 31, 2023

Company name
Symbol
Operating profit margin
Frontdoor Inc
FTDR
13.54%
ABM Industries Incorporated
ABM
5.11%
Airbnb Inc
ABNB
15.31%
Rollins Inc
ROL
19.00%