Frontdoor, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Frontdoor, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,020	1,157	1,258	1,365	1,474	1,602	1,662	1,780	1,843	2,093
Cost of revenue	526	589	686	687	758	818	952	895	852	936
Gross profit	494	567	572	678	716	784	710	885	991	1,157
Selling, general and administrative	286	312	338	392	467	511	521	581	612	669
Selling and marketing							253	299	307	315
General and administrative							157	176	201	236
Interest expense		1	23	62	57	39	31	40	40	79
Interest income	2	3	2
Pre-tax income	196	220	166	204	149	168	93	229	309	338
Income tax	71	60	42	51	37	39	22	57	74	84
Net income	124	160	125	153	112	128	71	171	235	255
EPS, basic	1.47	1.90	1.47	1.81	1.32	1.51	0.87	2.13	3.05	3.48
EPS, diluted	1.47	1.90	1.47	1.80	1.31	1.50	0.87	2.12	3.01	3.42
Shares, basic (weighted)	84.5	84.5	84.5	84.7	85.2	85.1	81.8	80.5	77	73.1
Shares, diluted (weighted)	84.5	84.5	84.7	84.9	85.5	85.5	82	80.9	78	74.5

Balance sheet

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	168	282	296	428	597	262	292	325	421	566
Short-term investments		25	9	7				0	15	0
Receivables		406	12	11	5	7	5	6	10	10
Other current assets		10	13	16	24	25	33	32	42	44
Total current assets		741	330	461	626	295	330	363	488	624
Property, plant and equipment		31	47	51	60	66	66	60	73	57
Lease right-of-use assets			0	17	15	17	11	3	8	7
Goodwill	471	476	476	501	512	512	503	503	967	959
Intangible assets		165	158	191	170	159	148	143	448	398
Long-term investments		2						0	38	0
Other non-current assets		1	10	11	3	5	8	5	11	17
Total assets		1,416	1,041	1,250	1,405	1,069	1,082	1,089	2,107	2,142
Accounts payable		33	41	48	55	66	80	76	71	89
Accrued liabilities		15	10	17	23	24	22	38	44	47
Deferred revenue		573	185	188	187	155	121	102	123	107
Short-term debt		9	7	7	7	17	17	17	29	29
Total current liabilities		705	345	364	403	378	364	331	369	402
Long-term debt			977	973	968	608	592	577	1,170	1,144
Lease liabilities			0	20	18	19	18	16	20	18
Other non-current liabilities		11	24	27	40	21	8	5	16	27
Total liabilities		755	1,385	1,429	1,466	1,067	1,021	953	1,868	1,900
Total debt		9	984	980	975	625	609	593	1,199	1,173
Paid-in capital			1	29	46	70	90	117	152	195
Retained earnings			-336	-188	-75	53	124	296	530	785
Treasury stock					0	-103	-162	-283	-444	-727
Other comprehensive income		0	-9	-21	-33	-18	8	6	0	-12
Shareholders' equity	560	661	-344	-179	-61	2	61	136	239	242
Total equity	560	661	-344	-179	-61	2	61	136	239	242
Total liabilities and equity		1,416	1,041	1,250	1,405	1,069	1,082	1,089	2,107	2,142
Shares outstanding			84.5	85.3	85.5	83.2	81.5	78.4	75.3	71

Cash flow statement

	FY2016	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	124	160	125	153	112	128	71	171	235	255
Depreciation and amortization	8	17	21	24	34	35	34	37	39	89
Stock-based compensation	4	4	4	9	17	25	22	26	26	34
Deferred income tax	1	-19	7	-1		-2	-10	-13	0	9
Change in receivables	-40	-33	4	1	6	-2	2	0	1	-1
Change in payables		5	8	7	7	10	15	-4	-7	19
Cash from operations	155	194	189	200	207	185	142	202	270	416
Capital expenditures	-11	-15	-27	-22	-32	-31	-40	-32	-39	-26
Acquisitions	-87			-38	-5		0	0	-583	3
Purchases of investments				-7	-2			0	0	-6
Sales and maturities of investments	7	36	15	9	9	0	0		0	12
Cash from investing	-55	-11	-10	-61	-31	-31	-35	-32	-622	31
Debt issued						638	0	0	1,216	0
Share buybacks						-103	-59	-121	-161	-283
Dividends paid	-87	-63	-137
Cash from financing	-88	-68	-165	-7	-7	-489	-77	-137	447	-302
Net change in cash	12	114	14	132	170	-335	29	34	96	145
Free cash flow	144	179	162	178	175	154	102	170	231	390
Interest paid			13	59	55	46	29	38	39	75
Income taxes paid				52	37	40	26	72	82	35

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $73.99 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	55.5%	Gross profit / revenue.
Pre-tax margin	16.9%	Pre-tax income / revenue.
Net margin	12.7%	Net income / revenue.
FCF margin	18.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	19.1%	Cash from operations / revenue.
Effective tax rate	24.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	96.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	12.5%	Net income / average total assets.
SG&A / revenue	31.8%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.1%	Capital expenditures / revenue.
D&A / revenue	4.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	13.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	8.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	16.8%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	17.7%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	10.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	8.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	53.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	17.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	13.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	57.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	21.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	54.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	43.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	15.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	68.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	56.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	17.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	1.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	58.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	1.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	25.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	8.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-4.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.59x	Current assets / current liabilities.
Quick ratio	1.47x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.44x	(Cash + short-term investments) / current liabilities.
Debt / equity	4.08x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	53.1%	Total debt / total assets.
Liabilities / assets	87.0%	Total liabilities / total assets.
Net debt	$533.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$257.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	61.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$1.05B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.98x	Revenue / average total assets.
Fixed asset turnover	40.5x	Revenue / average property, plant and equipment.
Receivables turnover	195x	Revenue / average receivables.
Days sales outstanding	2 days	365 x average receivables / revenue.
Days payables	45 days	365 x average accounts payable / cost of revenue.
FCF conversion	141.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	5.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.84	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$30.18	Revenue / diluted weighted shares.
FCF per share	$5.43	Free cash flow / diluted weighted shares.
Operating cash flow per share	$5.77	Cash from operations / diluted weighted shares.
Book value per share	$4.10	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$15.20	Tangible book value / shares outstanding.
Cash per share	$9.05	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	77.7%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.10B	Share price x shares outstanding.
Enterprise value	$5.63B	Market cap + total debt - cash - short-term investments.
P/E	18.7x	Market cap / net income. Only when net income is positive.
P/S	2.38x	Market cap / revenue.
P/B	17.9x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	13.2x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	12.4x	Market cap / cash from operations, when positive.
EV/Sales	2.62x	Enterprise value / revenue.
EV/FCF	14.6x	Enterprise value / free cash flow, when both are positive.
FCF yield	7.6%	Free cash flow / market cap.
Earnings yield	5.4%	Net income / market cap (the inverse of P/E).
Shareholder yield	5.9%	(Dividends paid + share buybacks) / market cap.
PEG	0.32x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Frontdoor, Inc.'s revenue in fiscal 2025?

Frontdoor, Inc. reported revenue of $2.09B for fiscal 2025, 13.6% higher than the year before.

Was Frontdoor, Inc. profitable in fiscal 2025?

Yes. Net income was $255.0M, a net margin of 12.2%.

How much free cash flow did Frontdoor, Inc. generate in fiscal 2025?

Cash from operations of $416.0M minus capital expenditures of $26.0M left free cash flow of $390.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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