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Porch Group (Porch Group) EBIT : $-67.2 Mil (TTM As of Mar. 2024)


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What is Porch Group EBIT?

Porch Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-2.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-67.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Porch Group's annualized ROC % for the quarter that ended in Mar. 2024 was -18.01%. Porch Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -55.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Porch Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -19.25%.


Porch Group EBIT Historical Data

The historical data trend for Porch Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Porch Group EBIT Chart

Porch Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-96.09 -40.99 -111.12 -146.99 -101.48

Porch Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -36.66 -78.16 4.64 8.70 -2.40

Competitive Comparison of Porch Group's EBIT

For the Software - Application subindustry, Porch Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Porch Group's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Porch Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Porch Group's EV-to-EBIT falls into.



Porch Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-67.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Porch Group  (NAS:PRCH) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Porch Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-138.672 * ( 1 - -1.35% )/( (796.52 + 764.372)/ 2 )
=-140.544072/780.446
=-18.01 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=899.393 - 83.947 - ( 294.006 - max(0, 462.152 - 481.078+294.006))
=796.52

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=881.113 - 80.344 - ( 310.248 - max(0, 443.979 - 480.376+310.248))
=764.372

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Porch Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-9.588/( ( (16.861 + max(-358.418, 0)) + (17.588 + max(-349.12, 0)) )/ 2 )
=-9.588/( ( 16.861 + 17.588 )/ 2 )
=-9.588/17.2245
=-55.66 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.288 + 0 + 79.202) - (83.947 + 254.658 + 123.303)
=-358.418

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.801 + 0 + 73.908) - (80.344 + 225.536 + 137.949)
=-349.12

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Porch Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-67.217/349.122
=-19.25 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Porch Group EBIT Related Terms

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Porch Group (Porch Group) Business Description

Traded in Other Exchanges
Address
411 1st Avenue South, Suite 501, Seattle, WA, USA, 98104
Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment has three types of customers: home services companies, such as home inspectors, mortgage companies, and loan officers, consumers, such as homebuyers and homeowners, and service providers, such as moving companies, security companies, and title companies, and The insurance segment offers various property-related insurance policies through its risk-bearing carrier, independent agency, and risk-bearing home warranty companies.
Executives
Camilla Velasquez director C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Rachel Lam director C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010
Matt Ehrlichman director, 10 percent owner, officer: CEO, Chairman and Founder 411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Park West Asset Management Llc 10 percent owner 1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
Sean Davis Kell director 411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Matthew Neagle officer: Chief Operating Officer 411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Shawn Tabak officer: Chief Financial Officer 23 BERENS DRIVE, KENTFIELD CA 94904
Amanda L Reierson director C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Martin L. Heimbigner officer: Chief Financial Officer 110 - 110TH AVE., NE, SUITE 300, BELLEVUE WA 98004
Asha Sharma director 2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Maurice Tulloch director 411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Thomas D Hennessy director 3485 N. PINES WAY SUITE 110, WILSON WY 83014
Regi Vengalil director 411 1ST AVENUE SOUTH, SUITE 501, SEATTLE WA 98104
Javier Saade director 2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Alan R Pickerill director C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104