DX
Dynex Capital, Inc.
DX's fundamentals are mixed, but it looks expensive: trading at 16x earnings, about three times its usual 4.7x. Analysts expect earnings growth, though they disagree widely on how much.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
DX Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| N/A | |
| N/A |
DX's profitability is currently stable. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for real estate companies like DX.
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.
DX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 2.9x | $1.86 | -81% |
| Fair | 4.7x | $3.00 | -70% |
| Forward | 6.2x | $9.96 | — |
| Expensive | 10x | $6.54 | -34% |
| Current | 16x | $9.96 | — |
Historical ranges are pointers, not guarantees.
DX's PE is in its expensive range at 16x. If earnings grow as analysts expect, today's price would be 6.2x next year's earnings, in its fair range.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
DX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for DX, with profitability holding steady. However, they disagree widely on these estimates.
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.
DX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.61 | +152% |
| Q3 2026 | $0.64 | -57% |
| Q2 2026 | $3.06 | +283% |
| Q1 2026 | $2.12 | +168% |
| Q4 2025 | $2.47 | +66% |
| Q3 2025 | $1.50 | +16% |
| Q2 2025 | $0.80 | +789% |
| Q1 2025 | $0.79 | -34% |
| Q4 2024 | $1.49 | +$1.74 |
DX 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.
DX Quarterly Revenue
DX and OPEN do not have enough comparable growth data to identify a winner.
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.
DX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $81.4M | +19% |
| Q2 2026 | $84.1M | +164% |
| Q1 2026 | $69.8M | +998% |
| Q4 2025 | $14.3M | -5.5% |
| Q3 2025 | $68.3M | +$70.5M |
| Q2 2025 | $31.9M | +71% |
| Q1 2025 | $6.4M | +$23.5M |
| Q4 2024 | $15.1M | -8.6% |
DX 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.
DX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +28.2M shares |
| 1 year | +123% | +139M shares |
| 3 years | +368% | +198M shares |
| 5 years | +990% | +229M shares |
| Available history | +966% | +228M shares |
DX has 252M diluted shares, up 123% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | $166,000 |
| Q1 2020 | $206,000 |
| Q4 2019 | — |
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 the edge over DX on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
DX Net Leverage
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.
DX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.1 | Oversold |
| Stochastic | 7.7 | Oversold |
DX's weekly RSI is 20 (oversold) and its Stochastic is 8 (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).
DX PE vs Real Estate Sector
| Metric | DX | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 24x | 35% below |
| PE % | 88 | 23 | 65 pts above |
DX is trading at 16x earnings, a 35% discount 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.
DX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.8 | 7.7% below |
| 20 week MA | $12.0 | 17% below |
| 50 week MA | $12.9 | 23% below |
| 100 week MA | $12.9 | 23% below |
| 200 week MA | $12.6 | 21% below |
DX is in a downtrend: it's below all five of its weekly moving averages, and 21% below its 200-week average.
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.
DX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.1 | $17.7 | +3.7% |
| 2021 | $17.7 | $16.7 | -5.9% |
| 2022 | $16.7 | $13.1 | -22% |
| 2023 | $13.1 | $12.5 | -4.1% |
| 2024 | $12.5 | $12.6 | +0.4% |
| 2025 | $12.6 | $13.9 | +10% |
| 2026 YTD | $13.9 | $9.96 | -28% |
DX 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.