Opendoor Technologies Inc. (OPEN) Financial Ratios
8 years of historical data (2018–2025) · Real Estate · Real Estate - Services
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
↑
4.81
↑+117% vs avg
5yr avg: 2.21
30Y Low1.0·High4.3
P/B Ratio
↑
3.99
↑+47% vs avg
5yr avg: 2.72
30Y Low0.7·High4.4
ROE
↓
-151.3%
↑-122% vs avg
5yr avg: -68.2%
30Y Low-151%·High-27%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OPEN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Opendoor Technologies Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 4.8x P/FCF, 117% above the 5-year average of 2.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.0B | $4.5B | $1.1B | $2.9B | $727M | $8.7B | $2.5B | — | — |
| Enterprise Value | $4.2B | $3.7B | $2.8B | $4.5B | $5.0B | $14.0B | $1.6B | — | — |
| P/E Ratio → | -3.08 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.14 | 1.02 | 0.22 | 0.42 | 0.05 | 1.08 | 0.96 | — | — |
| P/B Ratio | 3.99 | 4.45 | 1.57 | 3.04 | 0.67 | 3.85 | 1.60 | — | — |
| P/FCF | 4.81 | 4.31 | — | 1.28 | 1.05 | — | 3.74 | — | — |
| P/OCF | 4.76 | 4.26 | — | 1.26 | 1.00 | — | 3.64 | — | — |
P/E links to full P/E history page with 30-year chart
OPEN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.85 | 0.54 | 0.64 | 0.32 | 1.75 | 0.63 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 3.57 | — | 1.94 | 7.20 | — | 2.44 | — | — |
OPEN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Opendoor Technologies Inc. earns an operating margin of -6.6%, below the Real Estate sector average of 26.0%. Operating margins have compressed from -5.6% to -6.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -151.3% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.0% | 8.0% | 8.4% | 7.0% | 4.3% | 9.1% | 8.5% | 6.3% | 7.3% |
| Operating Margin | -6.6% | -6.6% | -6.2% | -5.6% | -6.0% | -7.1% | -7.2% | -5.2% | -8.9% |
| Net Profit Margin | -29.7% | -29.7% | -7.6% | -4.0% | -8.7% | -8.3% | -9.8% | -7.2% | -13.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -151.3% | -151.3% | -46.7% | -26.8% | -81.2% | -34.8% | -61.7% | — | -36.1% |
| ROA | -47.0% | -47.0% | -11.7% | -5.4% | -16.8% | -11.3% | -11.5% | -16.7% | -13.1% |
| ROIC | -16.6% | -16.6% | -9.9% | -7.4% | -10.8% | -10.2% | -26.6% | -19.6% | -8.0% |
| ROCE | -12.3% | -12.3% | -10.5% | -9.0% | -18.2% | -16.5% | -12.9% | -26.4% | -21.1% |
OPEN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $962M exceeds total debt of $193M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 3.25 | 2.62 | 4.97 | 3.16 | 0.35 | — | 1.69 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.77 | 2.31 | 1.59 | 3.93 | 2.39 | -0.56 | — | 1.30 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -0.74 | — | 0.67 | 6.15 | — | -1.30 | — | — |
| Interest Coverage | — | — | -2.41 | -1.83 | -2.42 | -3.97 | -2.74 | -2.25 | -2.71 |
Net cash position: cash ($962M) exceeds total debt ($193M)
OPEN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Opendoor Technologies Inc.'s current ratio of 7.03x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 4.20x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 49.21x to 7.03x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.03 | 7.03 | 5.67 | 49.21 | 4.30 | 2.12 | 5.22 | 1.85 | 1.69 |
| Quick Ratio | 4.20 | 4.20 | 1.58 | 23.86 | 1.33 | 0.74 | 4.04 | 0.69 | 0.42 |
| Cash Ratio | 2.94 | 2.94 | 1.28 | 15.26 | 0.85 | 0.50 | 3.72 | 0.40 | 0.25 |
| Asset Turnover | — | 1.82 | 1.65 | 1.95 | 2.36 | 0.84 | 1.19 | 2.12 | 1.00 |
| Inventory Turnover | 4.35 | 4.35 | 2.19 | 3.64 | 3.34 | 1.20 | 5.07 | 3.38 | 1.25 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — |
OPEN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Opendoor Technologies Inc. returns 23.7% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 20.8% | 23.2% | — | 78.4% | 95.3% | — | 26.8% | — | — |
| Buyback Yield | 23.7% | 26.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 23.7% | 26.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $767M | $699M | $657M | $627M | $593M | $109M | $80M | $544M |
Peer Comparison
Compare OPEN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OPENYou | $5B | -3.1 | — | 4.8 | 8.0% | -6.6% | -151.3% | -16.6% | — |
 COMP | $4B | -72.6 | 52.0 | 20.1 | 10.6% | -0.4% | -9.8% | -2.5% | 5.4 |
 Z | $10B | 483.8 | — | 44.5 | 74.1% | -1.3% | 0.5% | -0.6% | — |
 HOUS | $2B | -15.3 | 18.8 | 76.1 | 34.7% | 1.1% | -7.9% | 1.0% | 11.7 |
 RKT | $2B | 67.1 | 18.8 | — | 91.3% | 12.4% | 0.3% | 2.5% | 17.9 |
 EXPI | $1B | -44.9 | — | 9.3 | 7.0% | -0.4% | -10.1% | -15.3% | — |
 DOUG | $176M | 11.7 | — | — | 16.8% | -5.9% | 8.8% | -26.1% | — |
 UWMC | $724M | 28.5 | 0.1 | — | 85.6% | 58.0% | 1.1% | 15.4% | — |
 FAF | $7B | 11.4 | 7.2 | 9.2 | 95.6% | 11.1% | 11.9% | 10.7% | 1.8 |
 FNF | $14B | 11.0 | 6.1 | 2.1 | 52.9% | 13.0% | 15.9% | 13.7% | 1.9 |
 TREE | $563M | 3.8 | 8.8 | 9.3 | 94.3% | 7.3% | 76.5% | 9.0% | 4.2 |
| Real Estate Median | — | 24.1 | 16.7 | 15.4 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying OPEN stock.
What is Opendoor Technologies Inc.'s P/E ratio?
Opendoor Technologies Inc.'s current P/E ratio is -3.1x. This places it at the 50th percentile of its historical range.
What is Opendoor Technologies Inc.'s ROE?
Opendoor Technologies Inc.'s return on equity (ROE) is -151.3%. The historical average is -62.7%.
Is OPEN stock overvalued?
Based on historical data, Opendoor Technologies Inc. is trading at a P/E of -3.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Opendoor Technologies Inc.'s profit margins?
Opendoor Technologies Inc. has 8.0% gross margin and -6.6% operating margin.