Loading…
Frontdoor, Inc. provides home warranties and new home builder warranties in the United States. The company offers customizable home warranties that help customers to protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. Its home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as pools, spas, and pumps; and heating, ventilation, and air conditioning systems. It also offers non-warranty home services through website and application; a one-stop app experience for home repair and maintenance using video chat, augmented reality, and computer vision and machining learning. The company operates under the American Home Shield, HSA, OneGuard, Landmark, and 2-10 HBW brand names. Frontdoor, Inc. was founded in 1971 and is headquartered in Memphis, Tennessee.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.1B | $506M | $255M | $390M | 105.4% | 13.5% | 8.5% |
| 2024 | $1.8B | $388M | $235M | $231M | 98.3% | 3.7% | 37.4% |
| 2023 | $1.8B | $306M | $171M | $170M | 124.8% | 7.0% | 140.8% |
| 2022 | $1.7B | $158M | $71M | $102M | 116.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,662 | 1,779 | 1,844 | 2,093 |
| Operating Revenue | - | 1,606 | 1,702 | 1,728 | 1,900 |
| Cost Of Revenue | - | 952 | 895 | 852 | 936 |
| Gross Profit | - | 710 | 885 | 991 | 1,157 |
| Operating Expense | - | 555 | 618 | 651 | 757 |
| Selling General And Administration | - | 521 | 581 | 612 | 668 |
| Total Expenses | - | 1,507 | 1,513 | 1,503 | 1,693 |
| Operating Income | - | 155 | 267 | 340 | 400 |
| EBITDA | - | 158 | 306 | 388 | 506 |
| Normalized EBITDA | - | 192 | 322 | 399 | 510 |
| EBIT | - | 124 | 269 | 349 | 417 |
| Interest Income | - | 4 | 16 | 20 | 22 |
| Interest Expense | - | 31 | 40 | 40 | 79 |
| Net Interest Income | - | -27 | -24 | -20 | -57 |
| Other Income Expense | - | -34 | -16 | -11 | -4 |
| Interest Income Non Operating | - | 4 | 16 | 20 | 22 |
| Interest Expense Non Operating | - | 31 | 40 | 40 | 79 |
| Net Non Operating Interest Income Expense | - | -27 | -24 | -20 | -57 |
| Pretax Income | - | 93 | 229 | 309 | 338 |
| Tax Provision | - | 22 | 57 | 74 | 84 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -8.09 | -3.98 | -2.65 | -0.99 |
| Net Income Continuous Operations | - | 71 | 172 | 235 | 254 |
| Net Income From Continuing And Discontinued Operation | - | 71 | 171 | 235 | 255 |
| Net Income From Continuing Operation Net Minority Interest | - | 71 | 171 | 235 | 255 |
| Net Income | - | 71 | 171 | 235 | 255 |
| Net Income Common Stockholders | - | 71 | 171 | 235 | 255 |
| Net Income Including Noncontrolling Interests | - | 71 | 172 | 235 | 254 |
| Normalized Income | - | 96.91 | 183.02 | 243.35 | 258.01 |
| Diluted NI Availto Com Stockholders | - | 71 | 171 | 235 | 255 |
| Basic Average Shares | - | 81.80 | 80.50 | 77 | 73.10 |
| Diluted Average Shares | - | 82 | 80.90 | 78 | 74.50 |
| Reconciled Depreciation | - | 34 | 37 | 39 | 89 |
| Reconciled Cost Of Revenue | - | 952 | 895 | 852 | 936 |
| Total Unusual Items | - | -34 | -16 | -11 | -4 |
| Total Unusual Items Excluding Goodwill | - | -34 | -16 | -11 | -4 |
| Special Income Charges | - | -34 | -16 | -11 | -4 |
| Other Special Charges | 31 | - | - | 3 | - |
| Impairment Of Capital Assets | 0 | 14 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | - | 20 | 16 | 8 | 4 |
| Depreciation Amortization Depletion Income Statement | - | 34 | 37 | 39 | 89 |
| Depreciation And Amortization In Income Statement | - | 34 | 37 | 39 | 89 |
| General And Administrative Expense | - | 269 | 282 | 305 | 353 |
| Other Gand A | - | 269 | 282 | 305 | 353 |
| Selling And Marketing Expense | - | 253 | 299 | 307 | 315 |
| Amortization | - | 7 | 4 | - | - |
| Amortization Of Intangibles Income Statement | - | 7 | 4 | - | - |
| Depreciation Income Statement | - | 27 | 33 | - | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Frontdoor, Inc.this co. | FTDR | $4.4B | 17.41↓ discount | 18.34 | 105.4% | 10.01 |
| Reynolds Consumer Products Inc. | REYN | $4.6B | 15.18 | 2.03 | 13.4% | 9.69 |
| Meritage Homes Corporation | MTH | $4.6B | 10.06 | 0.88 | 8.7% | 9.30 |
| Victoria's Secret & Co. | VSCO | $4.3B | 26.79 | 5.04 | 18.8% | 12.87 |
| Cavco Industries, Inc. | CVCO | $4.2B |
| - |
| - |
| - |
| - |
| - |
| 22.19 |
| 3.83 |
| 17.3% |
| 14.93 |
| Champion Homes, Inc. | SKY | $4.1B | 19.79 | 2.60 | 13.2% | 10.97 |
| Tri Pointe Homes, Inc. | TPH | $4.0B | 16.58 | 1.21 | 7.3% | 12.94 |
| Dana Incorporated | DAN | $4.0B | 46.72 | 4.73 | 10.1% | 13.87 |
| OPENLANE, Inc. | OPLN | $3.9B | - | 3.12 | -8.3% | 14.29 |
| Peer Median | - | 19.79 | 2.86 | 11.6% | 12.91 | |