MAC
The Macerich Company
There isn't enough reported data to score MAC yet.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
MAC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| N/A | |
| N/A |
MAC's revenue is currently stable, but its profitability is under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like MAC.
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.
MAC PE Valuation
MAC has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 190x next year's earnings.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
MAC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect MAC to return to profit, with revenue 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.
MAC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.13 | — |
| Q3 2026 | -$0.38 | +$1.27 |
| Q2 2026 | -$0.66 | +$1.15 |
| Q1 2026 | -$0.72 | -$0.23 |
| Q4 2025 | -$0.78 | +$0.10 |
| Q3 2025 | -$1.65 | -571% |
| Q2 2025 | -$1.81 | -$1.44 |
| Q1 2025 | -$0.49 | +$1.11 |
| Q4 2024 | -$0.88 | +$0.40 |
MAC has the edge over OPEN on earnings, with more consistent year-over-year improvement.
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.
MAC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $260.1M | +2.7% |
| Q2 2026 | $249.7M | 0% |
| Q1 2026 | $241.5M | -3.1% |
| Q4 2025 | $261.7M | -4.4% |
| Q3 2025 | $253.3M | +15% |
| Q2 2025 | $249.8M | +16% |
| Q1 2025 | $249.2M | +19% |
| Q4 2024 | $273.7M | +15% |
MAC has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -15% | -3.5 points |
| Q2 2026 | -11% | +1.2 points |
| Q1 2026 | -15% | -0.2 points |
| Q4 2025 | -7.6% | -9.5 points |
| Q3 2025 | -11% | -1.9 points |
| Q2 2025 | -12% | -11 points |
| Q1 2025 | -15% | -3.8 points |
| Q4 2024 | 1.9% | -17 points |
MAC 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.
MAC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $109.4M | -2.7% |
| Q2 2026 | $66.9M | -5.2% |
| Q1 2026 | $77.4M | -13% |
| Q4 2025 | $50.2M | -8.5% |
| Q3 2025 | $112.4M | +12% |
| Q2 2025 | $70.5M | +4.6% |
| Q1 2025 | $88.5M | +45% |
| Q4 2024 | $54.9M | +11% |
MAC 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.
MAC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.8% | +10.4M shares |
| 1 year | +12% | +29.9M shares |
| 3 years | +32% | +68.4M shares |
| 5 years | +33% | +70.9M shares |
| Available history | +101% | +143M shares |
MAC has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
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 | — |
MAC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 17.0x | High |
| Q2 2026 | 19.4x | High |
| Q1 2026 | 19.6x | High |
| Q4 2025 | 19.4x | High |
| Q3 2025 | 17.9x | High |
| Q2 2025 | 19.7x | High |
| Q1 2025 | 18.5x | High |
| Q4 2024 | 18.5x | High |
MAC's net debt is about 17 years of its operating earnings (EBITDA), down from 18 years a year ago. Net leverage isn't a meaningful measure for real estate companies like MAC.
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.
MAC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.9 | Neutral |
| Stochastic | 68.6 | Neutral |
MAC's weekly RSI is 62 (neutral) and its Stochastic is 69 (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).
MAC PE vs Real Estate Sector
| Metric | MAC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
MAC has no meaningful PE right now: it lost money over the past year.
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
MAC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $23.7 | 6.8% above |
| 20 week MA | $24.2 | 4.7% above |
| 50 week MA | $21.9 | 15% above |
| 100 week MA | $19.7 | 29% above |
| 200 week MA | $16.9 | 50% above |
MAC 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.
MAC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.5 | $10.9 | -59% |
| 2021 | $10.9 | $17.0 | +56% |
| 2022 | $17.0 | $11.5 | -32% |
| 2023 | $11.5 | $15.4 | +34% |
| 2024 | $15.4 | $20.1 | +31% |
| 2025 | $20.1 | $19.0 | -5.9% |
| 2026 YTD | $19.0 | $25.3 | +33% |
MAC 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.