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Side-by-side financial comparison of Frontdoor, Inc. (FTDR) and Upstart Holdings, Inc. (UPST). Click either name above to swap in a different company.
Frontdoor, Inc. is the larger business by last-quarter revenue ($433.0M vs $296.1M, roughly 1.5× Upstart Holdings, Inc.). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs 0.2%, a 6.1% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 13.1%). Upstart Holdings, Inc. produced more free cash flow last quarter ($108.4M vs $94.0M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs -10.6%).
Frontdoor, Inc. operates a leading U.S.-focused home services and protection platform. It offers customizable home warranty plans covering repairs and replacements for household appliances, HVAC, plumbing, and electrical systems, plus on-demand access to a network of pre-vetted local service professionals for residential maintenance and repairs.
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
FTDR vs UPST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $433.0M | $296.1M |
| Net Profit | $1.0M | $18.6M |
| Gross Margin | 49.2% | — |
| Operating Margin | — | 6.4% |
| Net Margin | 0.2% | 6.3% |
| Revenue YoY | 13.1% | 35.2% |
| Net Profit YoY | — | 776.4% |
| EPS (diluted) | $0.02 | $0.20 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $433.0M | — | ||
| Q4 25 | $432.0M | $296.1M | ||
| Q3 25 | $618.0M | $277.1M | ||
| Q2 25 | $617.0M | $257.3M | ||
| Q1 25 | $426.0M | $213.4M | ||
| Q4 24 | $383.0M | $219.0M | ||
| Q3 24 | $540.0M | $162.1M | ||
| Q2 24 | $542.0M | $127.6M |
| Q1 26 | $1.0M | — | ||
| Q4 25 | $1.0M | $18.6M | ||
| Q3 25 | $106.0M | $31.8M | ||
| Q2 25 | $111.0M | $5.6M | ||
| Q1 25 | $37.0M | $-2.4M | ||
| Q4 24 | $9.0M | $-2.8M | ||
| Q3 24 | $100.0M | $-6.8M | ||
| Q2 24 | $92.0M | $-54.5M |
| Q1 26 | 49.2% | — | ||
| Q4 25 | 49.3% | — | ||
| Q3 25 | 57.1% | — | ||
| Q2 25 | 57.7% | — | ||
| Q1 25 | 55.2% | — | ||
| Q4 24 | 48.0% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 56.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 6.4% | ||
| Q3 25 | 23.0% | 8.5% | ||
| Q2 25 | 23.7% | 1.8% | ||
| Q1 25 | 11.3% | -2.1% | ||
| Q4 24 | 1.6% | -2.2% | ||
| Q3 24 | 24.8% | -27.8% | ||
| Q2 24 | 22.9% | -43.5% |
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 6.3% | ||
| Q3 25 | 17.2% | 11.5% | ||
| Q2 25 | 18.0% | 2.2% | ||
| Q1 25 | 8.7% | -1.1% | ||
| Q4 24 | 2.3% | -1.3% | ||
| Q3 24 | 18.5% | -4.2% | ||
| Q2 24 | 17.0% | -42.7% |
| Q1 26 | $0.02 | — | ||
| Q4 25 | $0.03 | $0.20 | ||
| Q3 25 | $1.42 | $0.23 | ||
| Q2 25 | $1.48 | $0.05 | ||
| Q1 25 | $0.49 | $-0.03 | ||
| Q4 24 | $0.10 | $-0.01 | ||
| Q3 24 | $1.30 | $-0.07 | ||
| Q2 24 | $1.18 | $-0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $566.0M | $652.4M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $242.0M | $798.8M |
| Total Assets | $2.1B | $3.0B |
| Debt / EquityLower = less leverage | 4.85× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $566.0M | — | ||
| Q4 25 | $566.0M | $652.4M | ||
| Q3 25 | $563.0M | $489.8M | ||
| Q2 25 | $562.0M | $395.9M | ||
| Q1 25 | $506.0M | $599.8M | ||
| Q4 24 | $436.0M | $788.4M | ||
| Q3 24 | $375.0M | — | ||
| Q2 24 | $419.0M | — |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $565.0M | — | ||
| Q2 24 | $569.0M | — |
| Q1 26 | $242.0M | — | ||
| Q4 25 | $242.0M | $798.8M | ||
| Q3 25 | $316.0M | $743.7M | ||
| Q2 25 | $254.0M | $722.0M | ||
| Q1 25 | $198.0M | $676.6M | ||
| Q4 24 | $239.0M | $633.2M | ||
| Q3 24 | $261.0M | $595.5M | ||
| Q2 24 | $214.0M | $594.7M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.8B |
| Q1 26 | 4.85× | — | ||
| Q4 25 | 4.73× | — | ||
| Q3 25 | 3.64× | — | ||
| Q2 25 | 4.56× | — | ||
| Q1 25 | 5.88× | — | ||
| Q4 24 | 4.90× | — | ||
| Q3 24 | 2.16× | — | ||
| Q2 24 | 2.66× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $108.6M |
| Free Cash FlowOCF − Capex | $94.0M | $108.4M |
| FCF MarginFCF / Revenue | 21.7% | 36.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 5.82× |
| TTM Free Cash FlowTrailing 4 quarters | $367.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $101.0M | $108.6M | ||
| Q3 25 | $64.0M | $-122.6M | ||
| Q2 25 | $127.0M | $-120.2M | ||
| Q1 25 | $124.0M | $-13.5M | ||
| Q4 24 | $58.0M | $-110.9M | ||
| Q3 24 | $25.0M | $179.3M | ||
| Q2 24 | $103.0M | $65.3M |
| Q1 26 | $94.0M | — | ||
| Q4 25 | $95.0M | $108.4M | ||
| Q3 25 | $58.0M | $-122.7M | ||
| Q2 25 | $120.0M | $-120.3M | ||
| Q1 25 | $117.0M | — | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | $16.0M | $179.2M | ||
| Q2 24 | $91.0M | $65.3M |
| Q1 26 | 21.7% | — | ||
| Q4 25 | 22.0% | 36.6% | ||
| Q3 25 | 9.4% | -44.3% | ||
| Q2 25 | 19.4% | -46.7% | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 3.0% | 110.5% | ||
| Q2 24 | 16.8% | 51.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 1.1% | 0.0% | ||
| Q1 25 | 1.6% | 0.0% | ||
| Q4 24 | 2.1% | 0.0% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 2.2% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 101.00× | 5.82× | ||
| Q3 25 | 0.60× | -3.86× | ||
| Q2 25 | 1.14× | -21.43× | ||
| Q1 25 | 3.35× | — | ||
| Q4 24 | 6.44× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 1.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FTDR
Segment breakdown not available.
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
