CDP
COPT Defense Properties
CDP's fundamentals are mixed, but it looks expensive: trading right at its usual 22x earnings, but 31x next year's expected earnings.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
CDP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
CDP's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like CDP.
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.
CDP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $22.87 | -30% |
| Fair | 22x | $33.02 | +1% |
| Current | 22x | $32.70 | — |
| Expensive | 31x | $46.05 | +41% |
| Forward | 31x | $32.70 | — |
Historical ranges are pointers, not guarantees.
CDP's PE is in its fair range at 22x. Analysts expect earnings to fall, which would put today's price at 31x next year's earnings, in its expensive range.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
CDP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Stable | |
| -- | |
| Limited | |
| -- |
Analysts expect CDP's earnings to decline, with its revenue and profitability holding steady.
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.
CDP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.06 | -28% |
| Q3 2026 | $1.47 | +11% |
| Q2 2026 | $1.43 | +12% |
| Q1 2026 | $1.37 | +9.6% |
| Q4 2025 | $1.34 | +8.9% |
| Q3 2025 | $1.33 | +9% |
| Q2 2025 | $1.28 | +$2.32 |
| Q1 2025 | $1.25 | +$2.33 |
| Q4 2024 | $1.23 | +$1.90 |
CDP 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.
CDP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $208.8M | +11% |
| Q2 2026 | $197.4M | +3.9% |
| Q1 2026 | $200.6M | +6.8% |
| Q4 2025 | $197.4M | +7.6% |
| Q3 2025 | $188.8M | -0.2% |
| Q2 2025 | $189.9M | +1.4% |
| Q1 2025 | $187.9M | -2.8% |
| Q4 2024 | $183.4M | +2.1% |
CDP has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | -0.3 points |
| Q2 2026 | 32% | +0.6 points |
| Q1 2026 | 29% | 0 points |
| Q4 2025 | 30% | -0.1 points |
| Q3 2025 | 31% | +1.8 points |
| Q2 2025 | 31% | +2.5 points |
| Q1 2025 | 29% | +3 points |
| Q4 2024 | 30% | +1.8 points |
CDP 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.
CDP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $82.5M | +31% |
| Q2 2026 | $89M | +5.3% |
| Q1 2026 | $90.2M | +38% |
| Q4 2025 | $76.3M | -17% |
| Q3 2025 | $62.9M | +3.1% |
| Q2 2025 | $84.5M | -4.3% |
| Q1 2025 | $65.1M | +12% |
| Q4 2024 | $92.3M | +55% |
CDP 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.
CDP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.9% | +1M shares |
| 1 year | +2.4% | +2.7M shares |
| 3 years | +3.3% | +3.7M shares |
| 5 years | +3% | +3.4M shares |
| Available history | +3.8% | +4.3M shares |
CDP has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2021 | $64,000 |
| Q2 2021 | $68,000 |
| Q1 2021 | $2.3M |
| Q3 2020 | $57,000 |
| Q2 2020 | $80,000 |
| Q1 2020 | $1.5M |
| Q4 2019 | $91,000 |
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 | — |
CDP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.2x | High |
| Q2 2026 | 6.3x | High |
| Q1 2026 | 6.3x | High |
| Q4 2025 | 6.3x | High |
| Q3 2025 | 6.3x | High |
| Q2 2025 | 6.4x | High |
| Q1 2025 | 6.4x | High |
| Q4 2024 | 6.4x | High |
CDP's net debt is about 6.2 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 CDP.
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.
CDP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.4 | Neutral |
| Stochastic | 17.1 | Oversold |
CDP's weekly RSI is 41 (neutral) and its Stochastic is 17 (oversold).
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).
CDP PE vs Real Estate Sector
| Metric | CDP | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 7% below |
| PE % | 47 | 23 | 24 pts above |
CDP is trading at 22x earnings, in line with 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.
CDP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.4 | 2% below |
| 20 week MA | $35.4 | 7.6% below |
| 50 week MA | $33.0 | 0.9% below |
| 100 week MA | $30.7 | 6.6% above |
| 200 week MA | $28.2 | 16% above |
CDP 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.
CDP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.4 | $26.0 | -12% |
| 2021 | $26.0 | $27.8 | +6.8% |
| 2022 | $27.8 | $26.0 | -6.5% |
| 2023 | $26.0 | $25.6 | -1.3% |
| 2024 | $25.6 | $31.0 | +21% |
| 2025 | $31.0 | $28.2 | -9.2% |
| 2026 YTD | $28.2 | $32.7 | +16% |
CDP 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.