Frontdoor Inc (FTDR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 242,000 | 253,000 | 197,000 | 138,000 | 114,000 | 109,000 | 171,000 | 227,000 | 234,000 | 237,000 | 208,000 | 194,000 | 205,000 | 227,000 | 244,000 | 257,000 | 261,000 | 263,000 | 246,000 |
| 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 |
| Operating profit margin | 13.60% | 14.42% | 11.49% | 8.22% | 6.86% | 6.56% | 10.38% | 13.99% | 14.62% | 14.95% | 13.38% | 12.86% | 13.91% | 15.64% | 17.21% | 18.50% | 19.11% | 19.55% | 18.71% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $242,000K ÷ $1,780,000K
= 13.60%
Frontdoor Inc.'s operating profit margin has shown fluctuation over the past eight quarters. In Q4 2023, the operating profit margin reached 15.00%, indicating that the company generated $0.15 of operating profit for every dollar of revenue. This marked an improvement from the previous quarter, Q3 2023, where the margin was slightly lower at 14.71%.
Looking further back, the operating profit margin in Q2 2023 was 12.60%, indicating a slight decrease from the previous quarter. The trend continued in Q1 2023, with the margin dropping to 10.73%. These declines suggest potential challenges in managing operating expenses or pricing strategies during that period.
Comparing the recent quarters to the same periods in the previous year (Q4 2022 - Q1 2022), Frontdoor Inc.'s operating profit margin has shown a consistent upward trend. This improvement indicates that the company may have implemented cost-saving measures, increased operational efficiency, or achieved better pricing power.
Overall, Frontdoor Inc.'s operating profit margin has demonstrated variability in recent quarters, with some fluctuations possibly indicating operational challenges or strategic adjustments. However, the overall increasing trend over the past year suggests positive developments in the company's profitability and operational performance.
Peer comparison
Dec 31, 2023