Frontdoor Inc (FTDR)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 309,000 | 227,000 | 93,000 | 168,000 | 149,000 |
| Revenue | US$ in thousands | 1,843,000 | 1,780,000 | 1,662,000 | 1,602,000 | 1,474,000 |
| Pretax margin | 16.77% | 12.75% | 5.60% | 10.49% | 10.11% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $309,000K ÷ $1,843,000K
= 16.77%
Frontdoor Inc's pretax margin has exhibited fluctuations over the years based on the provided data. In December 2020, the pretax margin stood at 10.11%, reflecting the company's ability to generate profits before accounting for taxes. Subsequently, in December 2021, the pretax margin slightly improved to 10.49%, indicating a continued solid performance.
However, there was a notable decrease in December 2022, where the pretax margin dropped to 5.60%, suggesting potential challenges or increased costs impacting profitability. The following year, in December 2023, the pretax margin rebounded significantly to 12.75%, signaling a potential recovery or improved operational efficiency.
Looking at the most recent data point in December 2024, Frontdoor Inc's pretax margin surged to 16.77%, marking a substantial increase compared to the previous year and indicating strengthened profitability.
Overall, Frontdoor Inc's pretax margin has displayed variability, highlighting the importance of monitoring and analyzing factors influencing profitability to ensure sustainable financial performance.
Peer comparison
Dec 31, 2024