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Sells home warranty service plans (American Home Shield) covering repair/replacement of home systems and appliances.
Sells home warranty service plans (American Home Shield) covering repair/replacement of home systems and appliances.
Customers pay a monthly or annual plan fee plus a service fee each time a contractor visits; it then sends a contractor from its network and pays them, so profit depends on the plan price against repair costs. Most customers renew year to year, and the real-estate channel brings new ones when homes are sold. It was spun out of ServiceMaster in 2018.
Moat: narrow (brand, scale, distribution). Largest home-warranty brand with an extensive contractor network built over decades.
Headquarters: Memphis, Tennessee, US · Founded: 1971 · Employees: 2,034
Size Frontdoor (FTDR) is a United States Consumer Discretionary company (Homebuilding) with a market value of $6.69B, the 982nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $97.09 on 6 Nov 2026.
Performance Over six months the shares gained 50.2%, against +5.2% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +6.6%); the operating margin is 20.1% (peer median 9.6%).
Valuation It trades at 19.0× forward earnings against a peer median of 13.0× (3rd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 29.1 points above its cost of capital (11.8% WACC).
Short interest Short interest is 5.1% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.15B | $2.09B | $1.84B | $1.78B | $1.66B |
| Revenue growth | — | +14% | +4% | +7% | — |
| Gross profit | $1.11B | $1.07B | $952M | $848M | $676M |
| EBITDA | $531M | $508M | $408M | $304M | $188M |
| Net income | $274M | $255M | $235M | $171M | $71.0M |
| Free cash flow | $386M | $390M | $231M | $170M | $103M |
| Capital expenditure | $24.0M | $26.0M | $39.0M | $32.0M | $39.0M |
| Total debt | $1.18B | $1.19B | $1.22B | $611M | $630M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Frontdoor FTDR | $6.69B | +50% | +9% | 20% | 19.0× | 12.2% |
| First American Financial FAF | $6.84B | -6% | +14% | 14% | 10.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FTDR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.0% | +7.2% | highest of 21 |
| 6-month return | +50.2% | +5.2% | highest of 21 |
| Distance from 52-week high | -5.8% | -21.4% | highest of 21 |
| Revenue growth (TTM) | +9.3% | +6.6% | 9th highest of 21 |
| Operating margin | 20.1% | 9.6% | highest of 21 |
| Forward P/E | 19.0× | 13.0× | 3rd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 12.2% | 4.1% | 4th most demanding of 19 |
| Growth delivered (Del g) | +7.3% | +8.9% | 7th lowest of 19 |
| Hurdle (Req g minus delivered) | +4.9 pp | -2.0 pp | 3rd most demanding of 19 |
| ROIC minus cost of capital | +29.1 pp | -1.6 pp | highest of 21 |
| EV / EBITDA | 13.6× | 9.2× | 6th most expensive of 19 |
| Net debt / EBITDA | 1.0× | 1.0× | 9th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Frontdoor FTDR | United States | $6.69B | +50% | +9% | 20% | 19.0× | 12.2% | +7.3% |
| Barratt Redrow BTRW.L | United Kingdom | $6.07B | +32% | +9% | 9% | 14.5× | 3.3% | +4.7% |
| Open House 3288.T | Japan | $5.66B | -15% | +6% | 12% | 7.3× | -8.1% | +18.2% |
| Persimmon PSN.L | United Kingdom | $5.64B | +22% | +17% | 11% | 13.0× | n/a | n/a |
| Champion Homes SKY | United States | $4.96B | +25% | +3% | 8% | 24.2× | 10.8% | +13.4% |
| Cavco Industries CVCO | United States | $4.87B | +32% | +12% | 10% | 24.2× | 15.2% | +15.2% |
| Sumitomo Forestry 1911.T | Japan | $4.87B | -10% | +14% | 6% | 12.5× | 2.8% | +15.2% |
| Haseko 1808.T | Japan | $4.50B | -1% | +10% | 8% | 9.9× | -11.6% | +9.5% |
| Berkeley BKG.L | United Kingdom | $4.44B | +12% | -4% | 19% | 13.0× | 1.2% | +1.6% |
| Taylor Wimpey TW..L | United Kingdom | $3.88B | +5% | +9% | 10% | 16.0× | 5.9% | +6.6% |
| Iida 3291.T | Japan | $3.68B | -4% | +7% | 7% | 8.1× | n/a | n/a |
| Bellway p.l.c BWY.L | United Kingdom | $3.42B | +19% | +14% | 10% | 15.4× | 3.2% | +0.3% |
| M/I Homes MHO | United States | $3.29B | 0% | -6% | 8% | 12.8× | 8.3% | +7.7% |
| Toll Brothers TOL | United States | $14.1B | +11% | -1% | 14% | 11.5× | 4.1% | +9.2% |
| Chengdu Hi-Tech Development 000628.SZ | China | $3.10B | -39% | -32% | 4% | n/a | 57.5% | -2.1% |
| KB Home KBH | United States | $3.08B | +2% | -21% | 5% | 14.9× | 15.2% | +8.3% |
| Green Brick Partners GRBK | United States | $2.75B | -2% | -10% | 19% | 12.2× | 7.8% | +15.9% |
| NVR NVR | United States | $16.8B | +5% | -10% | 13% | 18.6× | 4.0% | +6.5% |
| Ruentex Development 9945.TW | Taiwan | $2.27B | +13% | +37% | 19% | n/a | -1.0% | +15.5% |
| Lennar LEN | United States | $21.1B | 0% | -8% | 5% | 18.9× | 11.4% | +8.7% |
| Cairn Homes CRN.L | United Kingdom | $1.92B | +18% | +44% | 18% | 11.9× | -0.7% | +28.6% |