OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
SBAC
SBA Communications Corporation
SBAC's fundamentals are mixed, but it looks cheap: trading at 20x earnings, less than half its usual 51x. Analysts expect earnings to decline.
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.
SBAC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
SBAC's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like SBAC.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
SBAC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 20x | $187 | — |
| Forward | 23x | $187 | — |
| Cheap | 24x | $226 | +21% |
| Fair | 51x | $471 | +152% |
| Expensive | 151x | $1,398 | +649% |
Historical ranges are pointers, not guarantees.
SBAC's PE is in its cheap range at 20x. Analysts expect earnings to fall, which would put today's price at 23x next year's earnings.
OPEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
OPEN has the edge over SBAC on the outlook, with more favorable revenue and profitability expectations.
SBAC Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect SBAC's earnings and profitability to decline, with its revenue holding steady.
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.
SBAC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.97 | -14% |
| Q3 2026 | $9.27 | +17% |
| Q2 2026 | $9.28 | +14% |
| Q1 2026 | $9.50 | +26% |
| Q4 2025 | $9.80 | +41% |
| Q3 2025 | $7.94 | +25% |
| Q2 2025 | $8.14 | +72% |
| Q1 2025 | $7.56 | +48% |
| Q4 2024 | $6.94 | +51% |
SBAC has the edge over OPEN on earnings quality, reporting a profit while its opponent remains loss making.
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.
SBAC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $713.9M | -2.5% |
| Q2 2026 | $715.3M | +2.3% |
| Q1 2026 | $703.4M | +5.9% |
| Q4 2025 | $719.6M | +3.7% |
| Q3 2025 | $732.3M | +9.7% |
| Q2 2025 | $699M | +5.8% |
| Q1 2025 | $664.2M | +1% |
| Q4 2024 | $693.7M | +2.8% |
SBAC has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 52% | +0.4 points |
| Q2 2026 | 49% | +1.3 points |
| Q1 2026 | 49% | -1.7 points |
| Q4 2025 | 42% | -14 points |
| Q3 2025 | 51% | -5.2 points |
| Q2 2025 | 48% | -5.8 points |
| Q1 2025 | 50% | +1.3 points |
| Q4 2024 | 55% | +24 points |
SBAC has the edge over OPEN on profitability, with a higher operating margin.
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.
SBAC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $259.1M | +6.5% |
| Q2 2026 | $344.8M | +$623.6M |
| Q1 2026 | $206.7M | -19% |
| Q4 2025 | $241.3M | -5.2% |
| Q3 2025 | $243.3M | +652% |
| Q2 2025 | -$278.8M | -183% |
| Q1 2025 | $255M | +7.8% |
| Q4 2024 | $254.6M | -31% |
SBAC has the edge over OPEN on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 | — |
SBAC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -602K shares |
| 1 year | -1.8% | -1.9M shares |
| 3 years | -3% | -3.2M shares |
| 5 years | -5.3% | -5.9M shares |
| Available history | -7.9% | -9M shares |
SBAC has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $300M |
| Q4 2025 | $216.3M |
| Q3 2025 | $150.8M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | $93.9M |
| Q1 2024 | $106.2M |
| Q4 2023 | $46.4M |
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.
SBAC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.4x | High |
| Q2 2026 | 7.4x | High |
| Q1 2026 | 7.7x | High |
| Q4 2025 | 7.7x | High |
| Q3 2025 | 7.2x | High |
| Q2 2025 | 7.2x | High |
| Q1 2025 | 6.9x | High |
| Q4 2024 | 7.9x | High |
SBAC's net debt is about 7.4 years of its operating earnings (EBITDA), up from 7.2 years a year ago. Net leverage isn't a meaningful measure for real estate companies like SBAC.
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).
SBAC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.9 | Neutral |
| Stochastic | 72.7 | Neutral |
SBAC's weekly RSI is 50 (neutral) and its Stochastic is 73 (neutral).
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
SBAC PE vs Real Estate Sector
| Metric | SBAC | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 16% below |
| PE % | 6 | 23 | 17 pts below |
SBAC is trading at 20x earnings, a 16% discount to the Real Estate sector's median of 24x.
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.
SBAC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $180.3 | 3.5% above |
| 20 week MA | $182.7 | 2.1% above |
| 50 week MA | $191.3 | 2.5% below |
| 100 week MA | $202.4 | 7.8% below |
| 200 week MA | $215.1 | 13% below |
SBAC has the edge over OPEN on trend strength, trading above more of its moving averages.
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.
SBAC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $241.4 | $275.0 | +14% |
| 2021 | $275.0 | $374.3 | +36% |
| 2022 | $374.3 | $282.5 | -25% |
| 2023 | $282.5 | $253.7 | -10% |
| 2024 | $253.7 | $203.2 | -20% |
| 2025 | $203.2 | $192.6 | -5.2% |
| 2026 YTD | $192.6 | $186.6 | -3.1% |
SBAC has the edge over OPEN on returns for 2026, with the stronger performance.