FPI
Farmland Partners Inc.
FPI's fundamentals are weak: its operating margin fell 113 points to 20% and revenue fell 5.6%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
FPI Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| N/A | |
| N/A |
FPI's profitability is currently healthy, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like FPI.
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.
FPI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.9x | $1.58 | -82% |
| Fair | 21x | $3.41 | -62% |
| Expensive | 44x | $7.01 | -21% |
| Forward | 52x | $8.92 | — |
| Current | 56x | $8.92 | — |
Historical ranges are pointers, not guarantees.
FPI's PE is 56x, but its earnings don't support one, so it isn't a reliable read right now.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
FPI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect FPI's earnings and profitability to decline, with its revenue holding steady.
OPEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
OPEN has the edge over FPI on the outlook, with more favorable revenue and profitability expectations.
FPI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.17 | +6.2% |
| Q3 2026 | $0.16 | -87% |
| Q2 2026 | $0.52 | -58% |
| Q1 2026 | $0.59 | -43% |
| Q4 2025 | $0.61 | -40% |
| Q3 2025 | $1.21 | +348% |
| Q2 2025 | $1.23 | +284% |
| Q1 2025 | $1.03 | +106% |
| Q4 2024 | $1.01 | +98% |
FPI 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.
FPI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $9.8M | -13% |
| Q2 2026 | $9.4M | -5.7% |
| Q1 2026 | $10.1M | -1.5% |
| Q4 2025 | $20.7M | -3.5% |
| Q3 2025 | $11.3M | -16% |
| Q2 2025 | $10M | -13% |
| Q1 2025 | $10.3M | -14% |
| Q4 2024 | $21.5M | -0.5% |
FPI's revenue has slid since its 2019 peak: $10M last quarter, down 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -159% | -163 points |
| Q2 2026 | 34% | -45 points |
| Q1 2026 | 6.5% | -14 points |
| Q4 2025 | 105% | -175 points |
| Q3 2025 | 4.3% | -9.6 points |
| Q2 2025 | 78% | +96 points |
| Q1 2025 | 21% | +8.7 points |
| Q4 2024 | 280% | +198 points |
FPI's operating margin was −159% last quarter, down 163 points from the same quarter a year ago, near the bottom of its range since 2019.
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 has the edge over FPI on profitability, with a higher operating margin.
FPI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$2.3M | -$328K |
| Q2 2026 | -$3.1M | -$882K |
| Q1 2026 | $8.2M | +29% |
| Q4 2025 | $15.2M | +4% |
| Q3 2025 | -$2M | +$2.3M |
| Q2 2025 | -$2.2M | +$3.9M |
| Q1 2025 | $6.4M | -46% |
| Q4 2024 | $14.6M | +104% |
FPI 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.
FPI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -517K shares |
| 1 year | -0.8% | -336K shares |
| 3 years | -12% | -5.6M shares |
| 5 years | +38% | +11.8M shares |
| Available history | -39% | -27M shares |
FPI has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | $13.6M |
| Q2 2025 | $23.5M |
| Q1 2025 | $741,000 |
| Q4 2023 | $3.7M |
| Q3 2023 | $6.7M |
| Q2 2023 | $47.1M |
| Q1 2023 | $14.6M |
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 | — |
FPI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 16.9x | High |
| Q2 2026 | 7.2x | High |
| Q1 2026 | 6.2x | High |
| Q4 2025 | 4.2x | High |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 1.9x | Healthy |
FPI's net debt is about 17 years of its operating earnings (EBITDA), up from 2.1 years a year ago. Net leverage isn't a meaningful measure for real estate companies like FPI.
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.
FPI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.8 | Neutral |
| Stochastic | 12.2 | Oversold |
FPI's weekly RSI is 37 (neutral) and its Stochastic is 12 (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).
FPI PE vs Real Estate Sector
| Metric | FPI | Sector median | Relative |
|---|---|---|---|
| PE | 56x | 24x | 133% above |
| PE % | 94 | 23 | 71 pts above |
FPI is trading at 56x earnings, a 133% premium to the Real Estate sector's median of 24x, though its earnings don't support one.
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
FPI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.91 | 10% below |
| 20 week MA | $9.99 | 11% below |
| 50 week MA | $10.5 | 15% below |
| 100 week MA | $10.7 | 17% below |
| 200 week MA | $11.0 | 19% below |
FPI is in a downtrend: it's below all five of its weekly moving averages, and 19% 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.
FPI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.91 | $8.55 | +24% |
| 2021 | $8.55 | $11.9 | +39% |
| 2022 | $11.9 | $12.4 | +4.4% |
| 2023 | $12.4 | $12.5 | +0.3% |
| 2024 | $12.5 | $11.6 | -7.3% |
| 2025 | $11.6 | $9.72 | -16% |
| 2026 YTD | $9.72 | $8.92 | -8.2% |
FPI 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.