NLY
Annaly Capital Management, Inc.
NLY's fundamentals are mixed, but it looks expensive: trading at 11x earnings, more than twice its usual 4.3x. Analysts expect earnings to hold roughly steady.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
NLY Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| N/A | |
| N/A |
NLY'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 NLY.
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.
NLY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 2.9x | $4.54 | -74% |
| Fair | 4.3x | $6.70 | -62% |
| Forward | 5.6x | $17.57 | — |
| Expensive | 9.6x | $15.12 | -14% |
| Current | 11x | $17.57 | — |
Historical ranges are pointers, not guarantees.
NLY's PE is in its expensive range at 11x. On analysts' estimates for next year's earnings, today's price would be 5.6x.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
NLY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Growth | |
| -- | |
| Limited | |
| Moderate |
Analysts expect NLY's revenue to grow, with its earnings 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.
NLY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.13 | +99% |
| Q3 2026 | $1.57 | -28% |
| Q2 2026 | $4.13 | +297% |
| Q1 2024 | -$0.97 | +$1.46 |
| Q4 2023 | -$3.61 | -175% |
| Q3 2023 | -$4.87 | -161% |
| Q2 2023 | -$4.36 | -143% |
| Q1 2023 | -$2.43 | -135% |
| Q4 2022 | $4.80 | -25% |
NLY 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.
NLY Quarterly Revenue
NLY 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.
NLY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.9B | +11752% |
| Q2 2026 | $1.6B | +796% |
| Q1 2026 | -$1.4B | -$1.2B |
| Q4 2025 | $644.3M | -77% |
| Q3 2025 | $24.1M | +$1.7B |
| Q2 2025 | $180.7M | -62% |
| Q1 2025 | -$156.3M | -109% |
| Q4 2024 | $2.8B | +642% |
NLY 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.
NLY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.3% | +24.1M shares |
| 1 year | +16% | +107M shares |
| 3 years | +55% | +270M shares |
| 5 years | +117% | +412M shares |
| Available history | +113% | +406M shares |
NLY has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q4 2020 | $34.3M |
| Q3 2020 | $31.4M |
| Q4 2019 | $68.3M |
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 | — |
NLY 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.
NLY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.5 | Oversold |
| Stochastic | 8.6 | Oversold |
NLY's weekly RSI is 27 (oversold) and its Stochastic is 9 (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).
NLY PE vs Real Estate Sector
| Metric | NLY | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 24x | 53% below |
| PE % | 91 | 23 | 68 pts above |
NLY is trading at 11x earnings, a 53% 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.
NLY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.6 | 5.4% below |
| 20 week MA | $21.0 | 16% below |
| 50 week MA | $21.9 | 20% below |
| 100 week MA | $21.1 | 17% below |
| 200 week MA | $20.3 | 14% below |
NLY is in a downtrend: it's below all five of its weekly moving averages, and 14% 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.
NLY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.0 | $33.8 | -13% |
| 2021 | $33.8 | $32.8 | -3% |
| 2022 | $32.8 | $22.5 | -31% |
| 2023 | $22.5 | $19.4 | -14% |
| 2024 | $19.4 | $18.9 | -2.2% |
| 2025 | $18.9 | $23.1 | +22% |
| 2026 YTD | $23.1 | $17.6 | -24% |
NLY 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.