ADC
Agree Realty Corporation
ADC's fundamentals are strong: revenue grew 18% and its operating margin rose 2 points to 49%. At 36x earnings, it's trading in line with its usual 39x. Analysts expect earnings to hold roughly steady.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
ADC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
ADC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like ADC.
OPEN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
OPEN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like OPEN.
ADC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 35x | $67.46 | -2.4% |
| Forward | 35x | $69.10 | — |
| Current | 36x | $69.10 | — |
| Fair | 39x | $75.58 | +9.4% |
| Expensive | 42x | $82.17 | +19% |
Historical ranges are pointers, not guarantees.
ADC's PE is in its cheap range at 36x. On analysts' estimates for next year's earnings, today's price would be 35x.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
ADC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect ADC's revenue to grow, but its profitability to weaken.
OPEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect OPEN's losses to grow, with revenue growing. However, they disagree widely on these estimates.
ADC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.95 | +0.4% |
| Q3 2026 | $1.94 | +13% |
| Q2 2026 | $1.86 | +11% |
| Q1 2026 | $1.85 | +4.5% |
| Q4 2025 | $1.77 | -0.6% |
| Q3 2025 | $1.71 | -5% |
| Q2 2025 | $1.68 | -6.1% |
| Q1 2025 | $1.77 | +4.7% |
| Q4 2024 | $1.78 | +4.7% |
ADC has the edge over OPEN on earnings quality, reporting a profit while its opponent remains loss making.
OPEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.00 | -$1.56 |
| Q2 2026 | -$1.89 | -$1.46 |
| Q1 2026 | -$1.76 | -$1.24 |
| Q4 2025 | -$1.70 | -$1.14 |
| Q3 2025 | -$0.44 | +$0.09 |
| Q2 2025 | -$0.43 | +$0.15 |
| Q1 2025 | -$0.52 | -$0.10 |
| Q4 2024 | -$0.56 | -$0.14 |
OPEN lost $2.00 per share over the past year, and its loss has widened in each of the last five quarters.
ADC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $213.9M | +17% |
| Q2 2026 | $205.1M | +17% |
| Q1 2026 | $200.8M | +19% |
| Q4 2025 | $190.5M | +19% |
| Q3 2025 | $183.2M | +19% |
| Q2 2025 | $175.5M | +15% |
| Q1 2025 | $169.2M | +13% |
| Q4 2024 | $160.7M | +11% |
ADC has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 51% | +3.6 points |
| Q2 2026 | 46% | -0.3 points |
| Q1 2026 | 49% | +2.6 points |
| Q4 2025 | 49% | +1.7 points |
| Q3 2025 | 48% | -0.6 points |
| Q2 2025 | 47% | -7 points |
| Q1 2025 | 47% | -0.6 points |
| Q4 2024 | 47% | -1.1 points |
ADC has the edge over OPEN on profitability, with a higher operating margin.
OPEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +12% |
| Q2 2026 | $883M | -44% |
| Q1 2026 | $720M | -38% |
| Q4 2025 | $736M | -32% |
| Q3 2025 | $915M | -34% |
| Q2 2025 | $1.6B | +3.7% |
| Q1 2025 | $1.2B | -2.4% |
| Q4 2024 | $1.1B | +25% |
OPEN's revenue is recovering but still below its 2022 peak: $1B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | -11 points |
| Q2 2026 | -16% | -16 points |
| Q1 2026 | -22% | -17 points |
| Q4 2025 | -20% | -12 points |
| Q3 2025 | -7.4% | -2.6 points |
| Q2 2025 | -0.8% | +3.9 points |
| Q1 2025 | -4.9% | +2.5 points |
| Q4 2024 | -8.7% | +4.6 points |
OPEN's operating margin was −18% last quarter, down 11 points from the same quarter a year ago.
ADC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $184.6M | +26% |
| Q2 2026 | $131M | +9.5% |
| Q1 2026 | $145.2M | +15% |
| Q4 2025 | $111.3M | +$363M |
| Q3 2025 | $146.5M | +$222.1M |
| Q2 2025 | $119.6M | +$210.3M |
| Q1 2025 | $126.7M | +$151.8M |
| Q4 2024 | -$251.7M | -$159.7M |
ADC has the edge over OPEN on cash generation, producing positive trailing cash flow while its opponent burns cash.
OPEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$836M | -294% |
| Q2 2026 | -$723M | -188% |
| Q1 2026 | -$250M | +$33M |
| Q4 2025 | $67M | +$150M |
| Q3 2025 | $432M | +671% |
| Q2 2025 | $821M | +$1.2B |
| Q1 2025 | -$283M | -$97M |
| Q4 2024 | -$83M | +$468M |
OPEN's free cash flow was −$1.7B over the past year, against $887M the year before. Free cash flow isn't a meaningful measure for real estate companies like OPEN.
ADC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.4% | +4.1M shares |
| 1 year | +12% | +13.1M shares |
| 3 years | +28% | +27.3M shares |
| 5 years | +79% | +55M shares |
| Available history | +202% | +83.4M shares |
ADC has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $86,000 |
| Q2 2026 | $10,000 |
| Q1 2026 | $6.1M |
| Q4 2025 | $25,000 |
| Q3 2025 | $61,000 |
| Q2 2025 | $9,000 |
| Q1 2025 | $3.6M |
| Q4 2024 | $19,000 |
ADC has spent almost nothing on buybacks in the past year.
OPEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -16.3M shares |
| 1 year | +30% | +220M shares |
| 3 years | +42% | +282M shares |
| 5 years | +61% | +361M shares |
| Available history | +1042% | +866M shares |
OPEN has 949M diluted shares, up 30% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
ADC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.5x | High |
| Q2 2026 | 5.2x | High |
| Q1 2026 | 5.2x | High |
| Q4 2025 | 5.1x | High |
| Q3 2025 | 5.3x | High |
| Q2 2025 | 5.6x | High |
| Q1 2025 | 5.6x | High |
| Q4 2024 | 5.5x | High |
ADC's net debt is about 5.5 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for real estate companies like ADC.
OPEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 337.2x | High |
OPEN's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for real estate companies like OPEN.
ADC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.6 | Neutral |
| Stochastic | 32.1 | Neutral |
ADC's weekly RSI is 43 (neutral) and its Stochastic is 32 (neutral).
OPEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.6 | Oversold |
| Stochastic | 1.2 | Oversold |
OPEN's weekly RSI is 21 (oversold) and its Stochastic is 1 (oversold).
ADC PE vs Real Estate Sector
| Metric | ADC | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 24x | 49% above |
| PE % | 23 | 23 | Same percentile |
ADC is trading at 36x earnings, a 49% premium to the Real Estate sector's median of 24x.
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
ADC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $67.4 | 2.5% above |
| 20 week MA | $72.2 | 4.3% below |
| 50 week MA | $74.1 | 6.7% below |
| 100 week MA | $73.8 | 6.3% below |
| 200 week MA | $69.4 | 0.4% below |
ADC has the edge over OPEN on trend strength, trading above more of its moving averages.
OPEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.97 | 37% below |
| 20 week MA | $3.00 | 59% below |
| 50 week MA | $4.37 | 72% below |
| 100 week MA | $3.74 | 67% below |
| 200 week MA | $3.13 | 60% below |
OPEN is in a downtrend: it's below all five of its weekly moving averages, and 60% below its 200-week average.
ADC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $69.7 | $64.7 | -7.2% |
| 2021 | $64.7 | $68.7 | +6.2% |
| 2022 | $68.7 | $71.5 | +4.1% |
| 2023 | $71.5 | $63.0 | -12% |
| 2024 | $63.0 | $70.3 | +12% |
| 2025 | $70.3 | $72.4 | +3% |
| 2026 YTD | $72.4 | $69.1 | -4.6% |
ADC has the edge over OPEN on returns for 2026, with the stronger performance.
OPEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $27.4 | +150% |
| 2021 | $27.4 | $14.9 | -46% |
| 2022 | $14.9 | $1.02 | -93% |
| 2023 | $1.02 | $4.48 | +339% |
| 2024 | $4.48 | $1.67 | -63% |
| 2025 | $1.67 | $6.01 | +260% |
| 2026 YTD | $6.01 | $1.24 | -79% |
OPEN's yearly returns have swung widely, from +339% in 2023 to −93% in 2022. It's down 79% so far in 2026.