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FTDR

Frontdoor, Inc.

FTDR

Frontdoor, Inc. • NASDAQ
$53.93 ▲ 0.17% (+0.09)
Market Cap $3.89 B
52w High $70.14
52w Low $35.61
Dividend Yield 0%
P/E 15.45
Volume 246.29K
Outstanding Shares 72.11M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $617M $196M ▲ $106M ▼ 17.18% ▼ $1.43 ▼ $184M ▼
Q2-2025 $617M ▲ $194M ▲ $111M ▲ 17.99% ▲ $1.51 ▲ $187M ▲
Q1-2025 $426M ▲ $149M ▼ $37M ▲ 8.685% ▲ $0.5 ▲ $86M ▲
Q4-2024 $382M ▼ $165M $9M ▼ 2.356% ▼ $0.13 ▼ $20M ▼
Q3-2024 $541M $165M $100M 18.484% $1.31 $154M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $563M ▲ $2.227B ▲ $1.911B ▼ $316M ▲
Q2-2025 $562M ▲ $2.172B ▲ $1.919B ▼ $253M ▲
Q1-2025 $506M ▲ $2.121B ▲ $1.923B ▲ $198M ▼
Q4-2024 $436M ▲ $2.107B ▲ $1.868B ▲ $239M ▼
Q3-2024 $375M $1.217B $956M $261M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $106M ▼ $64M ▼ $-5M $-57M ▲ $1M ▼ $58M ▼
Q2-2025 $111M ▲ $126M ▲ $-5M ▼ $-68M ▲ $56M ▼ $119M ▲
Q1-2025 $37M ▲ $125M ▲ $47M ▲ $-85M ▼ $85M ▲ $118M ▲
Q4-2024 $9M ▼ $58M ▲ $-591M ▼ $579M ▲ $46M ▲ $50M ▲
Q3-2024 $100M $25M $-9M $-60M $-44M $16M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Direct To Consumer Home Service Plan Contracts
Direct To Consumer Home Service Plan Contracts
 $30.00M ▲$30.00M ▲$60.00M ▲$50.00M ▼
Real Estate Home Service Plan Contracts
Real Estate Home Service Plan Contracts
 $30.00M ▲$30.00M ▲$40.00M ▲$40.00M ▲
Renewals
Renewals
 $300.00M ▲$330.00M ▲$460.00M ▲$460.00M ▲
Service Other
Service Other
 $30.00M ▲$30.00M ▲$60.00M ▲$60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Frontdoor’s income statement shows a business that has grown steadily while becoming more profitable. Revenue has climbed each year, and profits have grown faster than sales, which suggests better pricing, cost control, or both. Margins have expanded meaningfully from earlier years, turning what used to be relatively thin profits into much healthier operating and net income. The company stayed profitable even through more challenging periods, which points to a fairly resilient business model. The key watchpoint is whether this recent margin strength is sustainable as the company scales and integrates acquisitions.

Balance Sheet

Balance Sheet The balance sheet has strengthened, but it still leans on debt. Total assets have grown, helped by acquisitions and technology investments, while cash on hand has increased to a more comfortable level. Equity has moved from negative to positive and is building, which improves the financial cushion for the business. At the same time, debt has risen again after coming down earlier, so leverage remains a factor to monitor. Overall, the company looks more secure than a few years ago, but its capital structure still depends significantly on borrowed money.

Cash Flow

Cash Flow Frontdoor consistently generates positive cash from its operations, which is a key strength. Free cash flow has been solid and generally improving, helped by relatively light capital spending needs. This means most of the cash the business produces is available for debt service, acquisitions, or reinvestment in technology and growth initiatives. The pattern suggests earnings quality is reasonably good, with profits largely backed by cash, not just accounting. The main risk would be any future spike in service costs or claims that could squeeze this cash engine.

Competitive Edge

Competitive Edge Frontdoor holds a leading position in home service plans, anchored by its long-standing American Home Shield brand and a large national contractor network. That network—thousands of vetted independent contractors—creates a meaningful barrier for new entrants and helps ensure coverage and service capacity across many regions. The acquisition of 2-10 Home Buyers Warranty broadens its reach into new home construction and strengthens its presence with builders and real estate professionals. Customer retention is high, which indicates a sticky, subscription-like revenue base. Risks include competition from newer digital platforms, customer dissatisfaction if service quality slips, and the need to keep contractors loyal and well utilized.

Innovation and R&D

Innovation and R&D Innovation is a clear focus, even if it doesn’t show up as a traditional R&D line item. The Streem video technology and the Frontdoor app are central to a “telehealth for the home” model, allowing remote diagnosis, faster resolution, and fewer unnecessary visits. This digital platform also supports new membership tiers, on-demand services, and do-it-yourself guidance, which can expand the customer base beyond traditional annual warranty contracts. The company is using data and analytics to better price risk, route jobs, and personalize services, and it has room to deepen this with AI and predictive maintenance tools. Execution risk lies in continuing to improve the app experience, integrating 2-10 HBW into the digital ecosystem, and staying ahead of tech-savvy competitors.

Summary

Frontdoor looks like a maturing, tech-enabled home services company that has steadily improved its financial performance while trying to reshape how home repairs are delivered. Revenue and profits have grown, margins are healthier, and cash generation is solid, though the company still carries notable debt. Its competitive edge rests on a powerful combination of trusted brands, a broad contractor network, and growing digital capabilities. The shift from purely traditional warranties toward an app-based, on-demand and subscription ecosystem could open new growth avenues if executed well. Key things to watch include integration of acquisitions, service quality and customer satisfaction, competitive responses from other platforms, and the company’s ability to keep margins strong as it scales its technology-driven model.

NEWS

November 18, 2025 · 8:45 AM UTC

Frontdoor Chief Revenue Officer Named a Female Executive of the Year by the Stevie® Awards for Women in Business

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November 11, 2025 · 8:45 AM UTC

Frontdoor, Inc. to Attend and Present at the Wells Fargo 9th Annual TMT Summit

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November 5, 2025 · 7:20 AM UTC

Frontdoor Announces Jason Bailey as Chief Financial Officer

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November 5, 2025 · 7:00 AM UTC

Frontdoor Delivers Exceptional Third-Quarter 2025 Financial Results

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October 16, 2025 · 6:20 PM UTC

Frontdoor Chief People Officer Named One of Memphis Business Journal's 2025 Women Who Lead

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