Frontdoor (FTDR) FY2025 results: revenue $2.1 billion, up 13.6% on the year
Frontdoor, Inc. (FTDR) reported revenue of $2.1 billion for fiscal 2025, the year ended 31 December 2025, up 13.6% on the year before. Net income was $255 million, up 8.5%, and diluted earnings per share $3.42. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2026.
Revenue
$2.1 billion
+13.6% on the year
FY2018FY2025
Operating margin
n/a
FY2018FY2025
Net income
$255 million
+8.5% on the year
FY2018FY2025
Diluted EPS
$3.42
+13.6% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 1 raised, 13 new.
Full-year revenue rose 14%: Full-year 2025 revenue was $2.093 billion, up 14%, and organic revenue growth was 3.7%.
Non-warranty revenue up 66%: Non-warranty and other revenue reached $193 million, up 66%, from the new HVAC and Moen programs and New Home Builder Warranty revenue.
Gross margin up 150 basis points: Full-year gross profit margin expanded 150 basis points to 55%. Fourth-quarter gross profit margin was 49%.
Free cash flow up 69%: Free cash flow was $390 million, up 69%, after $26 million of property additions.
Repurchases of $280 million: Financing outflows of $302 million were mainly $280 million of share repurchases, excluding taxes and fees, and $29 million of scheduled debt payments.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
416
270
202
+54.1%
Capital expenditure
26.0
39.0
32.0
-33.3%
Free cash flow
390
231
170
+68.8%
Free cash flow margin
18.6%
12.5%
9.6%
Cash from investing
31.0
-622
-32.0
Cash from financing
-302
447
-137
Depreciation and amortisation
89.0
39.0
37.0
+128.2%
Share-based compensation
34.0
26.0
26.0
+30.8%
Buybacks
283
161
121
+75.8%
Diluted shares, weighted
74m
78m
81m
-4.5%
Shares outstanding at period end
71m
75m
78m
-5.8%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
242
239
136
+1.3%
Debt
1,173
1,199
593
-2.2%
Operating lease liabilities
18.0
20.0
16.0
-10.0%
Other liabilities
709
649
344
+9.2%
Total liabilities and equity
2,142
2,107
1,089
+1.7%
Fixed assets
57.0
73.0
60.0
-21.9%
Goodwill
959
967
503
-0.8%
Intangible assets
398
448
143
-11.2%
Investments
0.0
53.0
0.0
Cash and equivalents
566
421
325
+34.4%
Receivables
10.0
10.0
6.0
0.0%
Other assets
152
135
52.0
+12.6%
Total assets
2,142
2,107
1,089
+1.7%
10-K for the year ended 31 December 2025, filed 26 February 2026: the filing.