vs

Side-by-side financial comparison of MATTEL INC (MAT) and Opendoor Technologies Inc. (OPEN). Click either name above to swap in a different company.

MATTEL INC is the larger business by last-quarter revenue ($862.2M vs $736.0M, roughly 1.2× Opendoor Technologies Inc.). MATTEL INC runs the higher net margin — 7.1% vs -148.9%, a 156.0% gap on every dollar of revenue. On growth, MATTEL INC posted the faster year-over-year revenue change (4.3% vs -32.1%). Opendoor Technologies Inc. produced more free cash flow last quarter ($67.0M vs $-88.1M). Over the past eight quarters, MATTEL INC's revenue compounded faster (-10.6% CAGR vs -21.1%).

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and re-lists them for sale. It also provides mobile application-based home buying services along with financing. As of November 2021, the company operates in 44 markets in the US.

MAT vs OPEN — Head-to-Head

Bigger by revenue
MAT
MAT
1.2× larger
MAT
$862.2M
$736.0M
OPEN
Growing faster (revenue YoY)
MAT
MAT
+36.4% gap
MAT
4.3%
-32.1%
OPEN
Higher net margin
MAT
MAT
156.0% more per $
MAT
7.1%
-148.9%
OPEN
More free cash flow
OPEN
OPEN
$155.1M more FCF
OPEN
$67.0M
$-88.1M
MAT
Faster 2-yr revenue CAGR
MAT
MAT
Annualised
MAT
-10.6%
-21.1%
OPEN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAT
MAT
OPEN
OPEN
Revenue
$862.2M
$736.0M
Net Profit
$61.0M
$-1.1B
Gross Margin
44.9%
7.7%
Operating Margin
-20.4%
Net Margin
7.1%
-148.9%
Revenue YoY
4.3%
-32.1%
Net Profit YoY
251.4%
-869.9%
EPS (diluted)
$0.20
$-1.42

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MAT
MAT
OPEN
OPEN
Q1 26
$862.2M
Q4 25
$1.8B
$736.0M
Q3 25
$1.7B
$915.0M
Q2 25
$1.0B
$1.6B
Q1 25
$826.6M
$1.2B
Q4 24
$1.6B
$1.1B
Q3 24
$1.8B
$1.4B
Q2 24
$1.1B
$1.5B
Net Profit
MAT
MAT
OPEN
OPEN
Q1 26
$61.0M
Q4 25
$106.2M
$-1.1B
Q3 25
$278.4M
$-90.0M
Q2 25
$53.4M
$-29.0M
Q1 25
$-40.3M
$-85.0M
Q4 24
$140.9M
$-113.0M
Q3 24
$372.4M
$-78.0M
Q2 24
$56.9M
$-92.0M
Gross Margin
MAT
MAT
OPEN
OPEN
Q1 26
44.9%
Q4 25
45.9%
7.7%
Q3 25
50.0%
7.2%
Q2 25
50.9%
8.2%
Q1 25
49.4%
8.6%
Q4 24
50.7%
7.8%
Q3 24
53.1%
7.6%
Q2 24
49.2%
8.5%
Operating Margin
MAT
MAT
OPEN
OPEN
Q1 26
Q4 25
8.0%
-20.4%
Q3 25
21.9%
-7.4%
Q2 25
7.7%
-0.8%
Q1 25
-6.4%
-4.9%
Q4 24
9.6%
-8.7%
Q3 24
26.5%
-4.9%
Q2 24
7.7%
-4.8%
Net Margin
MAT
MAT
OPEN
OPEN
Q1 26
7.1%
Q4 25
6.0%
-148.9%
Q3 25
16.0%
-9.8%
Q2 25
5.2%
-1.9%
Q1 25
-4.9%
-7.4%
Q4 24
8.6%
-10.4%
Q3 24
20.2%
-5.7%
Q2 24
5.3%
-6.1%
EPS (diluted)
MAT
MAT
OPEN
OPEN
Q1 26
$0.20
Q4 25
$0.32
$-1.42
Q3 25
$0.88
$-0.12
Q2 25
$0.16
$-0.04
Q1 25
$-0.12
$-0.12
Q4 24
$0.40
$-0.16
Q3 24
$1.09
$-0.11
Q2 24
$0.17
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MAT
MAT
OPEN
OPEN
Cash + ST InvestmentsLiquidity on hand
$866.0M
$962.0M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$2.1B
$1.0B
Total Assets
$6.3B
$2.4B
Debt / EquityLower = less leverage
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAT
MAT
OPEN
OPEN
Q1 26
$866.0M
Q4 25
$1.2B
$962.0M
Q3 25
$691.9M
$962.0M
Q2 25
$870.5M
$789.0M
Q1 25
$1.2B
$559.0M
Q4 24
$1.4B
$679.0M
Q3 24
$723.5M
$837.0M
Q2 24
$722.4M
$809.0M
Total Debt
MAT
MAT
OPEN
OPEN
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
MAT
MAT
OPEN
OPEN
Q1 26
$2.1B
Q4 25
$2.2B
$1.0B
Q3 25
$2.3B
$811.0M
Q2 25
$2.2B
$631.0M
Q1 25
$2.1B
$645.0M
Q4 24
$2.3B
$713.0M
Q3 24
$2.3B
$801.0M
Q2 24
$2.0B
$845.0M
Total Assets
MAT
MAT
OPEN
OPEN
Q1 26
$6.3B
Q4 25
$6.6B
$2.4B
Q3 25
$6.6B
$2.7B
Q2 25
$6.2B
$2.9B
Q1 25
$6.2B
$3.3B
Q4 24
$6.5B
$3.1B
Q3 24
$6.5B
$3.4B
Q2 24
$5.9B
$3.4B
Debt / Equity
MAT
MAT
OPEN
OPEN
Q1 26
1.11×
Q4 25
1.04×
Q3 25
1.03×
Q2 25
1.08×
Q1 25
1.10×
Q4 24
1.03×
Q3 24
1.01×
Q2 24
1.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MAT
MAT
OPEN
OPEN
Operating Cash FlowLast quarter
$70.0M
Free Cash FlowOCF − Capex
$-88.1M
$67.0M
FCF MarginFCF / Revenue
-10.2%
9.1%
Capex IntensityCapex / Revenue
7.6%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAT
MAT
OPEN
OPEN
Q1 26
Q4 25
$796.6M
$70.0M
Q3 25
$72.0M
$435.0M
Q2 25
$-300.1M
$823.0M
Q1 25
$24.8M
$-279.0M
Q4 24
$862.1M
$-80.0M
Q3 24
$155.8M
$62.0M
Q2 24
$-252.9M
$-399.0M
Free Cash Flow
MAT
MAT
OPEN
OPEN
Q1 26
$-88.1M
Q4 25
$67.0M
Q3 25
$432.0M
Q2 25
$821.0M
Q1 25
$-283.0M
Q4 24
$-83.0M
Q3 24
$56.0M
Q2 24
$-407.0M
FCF Margin
MAT
MAT
OPEN
OPEN
Q1 26
-10.2%
Q4 25
9.1%
Q3 25
47.2%
Q2 25
52.4%
Q1 25
-24.5%
Q4 24
-7.7%
Q3 24
4.1%
Q2 24
-26.9%
Capex Intensity
MAT
MAT
OPEN
OPEN
Q1 26
7.6%
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.1%
Q1 25
0.3%
Q4 24
0.3%
Q3 24
0.4%
Q2 24
0.5%
Cash Conversion
MAT
MAT
OPEN
OPEN
Q1 26
Q4 25
7.50×
Q3 25
0.26×
Q2 25
-5.62×
Q1 25
Q4 24
6.12×
Q3 24
0.42×
Q2 24
-4.45×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons