INVH
Invitation Homes Inc.
INVH's fundamentals are mixed, but it looks cheap: trading at 23x earnings, about half its usual 50x. Analysts expect earnings growth.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
INVH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
INVH's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like INVH.
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.
INVH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 23x | $26.65 | — |
| Cheap | 33x | $37.80 | +42% |
| Forward | 34x | $26.65 | — |
| Fair | 50x | $57.11 | +114% |
| Expensive | 92x | $105 | +293% |
Historical ranges are pointers, not guarantees.
INVH's PE is in its cheap range at 23x. On analysts' estimates for next year's earnings, today's price would be 34x.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
INVH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect INVH's earnings to grow, 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.
INVH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.77 | -32% |
| Q3 2026 | $1.14 | +19% |
| Q2 2026 | $1.09 | +22% |
| Q1 2026 | $0.95 | +22% |
| Q4 2025 | $0.96 | +30% |
| Q3 2025 | $0.96 | +33% |
| Q2 2025 | $0.89 | +14% |
| Q1 2025 | $0.78 | -11% |
| Q4 2024 | $0.74 | -13% |
INVH 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.
INVH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $731.3M | +6.3% |
| Q2 2026 | $747.6M | +9.7% |
| Q1 2026 | $734.1M | +8.8% |
| Q4 2025 | $685.3M | +4% |
| Q3 2025 | $688.2M | +4.2% |
| Q2 2025 | $681.4M | +4.3% |
| Q1 2025 | $674.5M | +4.4% |
| Q4 2024 | $659.1M | +5.6% |
INVH has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.2% | -4 points |
| Q2 2026 | 12% | -2.9 points |
| Q1 2026 | 11% | -3.8 points |
| Q4 2025 | 14% | +7.5 points |
| Q3 2025 | 13% | +2.7 points |
| Q2 2025 | 15% | +1.4 points |
| Q1 2025 | 15% | +0.4 points |
| Q4 2024 | 6.5% | -6.6 points |
INVH 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.
INVH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $383.9M | -1% |
| Q2 2026 | $383.6M | +2.5% |
| Q1 2026 | $293M | -0.1% |
| Q4 2025 | $122.4M | -2.1% |
| Q3 2025 | $387.8M | +27% |
| Q2 2025 | $374.4M | +2.9% |
| Q1 2025 | $293.3M | +14% |
| Q4 2024 | $125M | +64% |
INVH 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.
INVH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -4M shares |
| 1 year | -4% | -24.6M shares |
| 3 years | -4.1% | -25M shares |
| 5 years | +1.7% | +10M shares |
| Available history | +8.7% | +47M shares |
INVH has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $250.4M |
| Q2 2026 | $100.1M |
| Q1 2026 | $447.2M |
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 | — |
INVH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 7.5x | High |
| Q1 2026 | 7.7x | High |
| Q4 2025 | 7.3x | High |
| Q3 2025 | 7.5x | High |
| Q2 2025 | 7.8x | High |
| Q1 2025 | 7.9x | High |
| Q4 2024 | 8.0x | High |
INVH's net debt is about 7.8 years of its operating earnings (EBITDA), up from 7.5 years a year ago. Net leverage isn't a meaningful measure for real estate companies like INVH.
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.
INVH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.2 | Neutral |
| Stochastic | 19.1 | Oversold |
INVH's weekly RSI is 42 (neutral) and its Stochastic is 19 (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).
INVH PE vs Real Estate Sector
| Metric | INVH | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 24x | 2.2% below |
| PE % | 0 | 23 | 23 pts below |
INVH is trading at 23x 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.
INVH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.8 | 0.6% below |
| 20 week MA | $28.4 | 6% below |
| 50 week MA | $27.7 | 3.7% below |
| 100 week MA | $29.6 | 10% below |
| 200 week MA | $31.7 | 16% below |
INVH is in a downtrend: it's below all five of its weekly moving averages, and 16% 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.
INVH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.5 | $29.1 | -1.4% |
| 2021 | $29.1 | $44.0 | +51% |
| 2022 | $44.0 | $29.9 | -32% |
| 2023 | $29.9 | $34.1 | +14% |
| 2024 | $34.1 | $32.1 | -5.9% |
| 2025 | $32.1 | $27.5 | -14% |
| 2026 YTD | $27.5 | $26.7 | -2.9% |
INVH 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.