F

frontdoor, inc. — Earnings Quality Grade F

FTDR · Consumer Cyclical

Major red flags

Revenue
$2.1B
2025
Net Income
$255M
2025
Gross Margin
55.3%
Free Cash Flow
$390M
01

Screening Summary

14
Passed
1
Watch
2
Failed
-2.9
M-Score

管理层信号

最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 2 days, change -0 days YoY

A2AR vs Revenue Growth

AR growth 0.0% vs revenue growth 13.5%

A3Revenue vs CFFO

Revenue 13.5%, CFFO 54.1%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth -33.3% vs revenue 13.5%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 57.7%. Normal

B4Gross Margin

Gross margin 55.3%, change +1.5pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 1.63. Profits backed by cash

C2Free Cash Flow

FCF $0.4B, FCF/NI = 1.53

C3Accruals Ratio

Accruals ratio = -7.5%. Low accruals

C4Cash vs Debt

Cash $0.6B covers only 48% of debt $1.2B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $1.4B = 561% of equity. Over 50%

D2Leverage

Debt/EBITDA = 2.4x. Healthy

!
D3Soft Asset Growth

Other assets grew 54.5% vs revenue 13.5%

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -4% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.90 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.9
-4.0 Clean-2.22 Grey-1.78 Danger0
0.881
DSRI
AR growing faster than revenue?
0.972
GMI
Gross margin declining?
0.929
AQI
Asset quality deteriorating?
1.135
SGI
Revenue growth rate
0.562
DEPI
Depreciation slowing?
0.962
SGAI
SG&A ratio changing?
-0.0752
TATA
Accruals level
0.988
LVGI
Leverage increasing?
05

Altman Z-Score

3.32
Safe Zone
0 Distress1.102.605.0+ Safe
0.1036
Liquidity
0.3665
Cumulative profit
0.1947
Operating efficiency
0.1274
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25