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Side-by-side financial comparison of Opendoor Technologies Inc. (OPEN) and TDH Holdings, Inc. (PETZ). Click either name above to swap in a different company.

Opendoor Technologies Inc. is the larger business by last-quarter revenue ($736.0M vs $103.4K, roughly 7117.3× TDH Holdings, Inc.). TDH Holdings, Inc. runs the higher net margin — 1169.3% vs -148.9%, a 1318.3% gap on every dollar of revenue.

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.

TDH Holdings, Inc. is a pet product enterprise that develops, manufactures and distributes a comprehensive portfolio of pet food, nutritional treats, and daily pet supplies for dogs and cats. Its primary market is mainland China, catering to both online e-commerce and offline physical retail customer segments.

OPEN vs PETZ — Head-to-Head

Bigger by revenue
OPEN
OPEN
7117.3× larger
OPEN
$736.0M
$103.4K
PETZ
Higher net margin
PETZ
PETZ
1318.3% more per $
PETZ
1169.3%
-148.9%
OPEN

Income Statement — Q4 2025 vs Q2 2025

Metric
OPEN
OPEN
PETZ
PETZ
Revenue
$736.0M
$103.4K
Net Profit
$-1.1B
$1.2M
Gross Margin
7.7%
35.3%
Operating Margin
-20.4%
-1047.1%
Net Margin
-148.9%
1169.3%
Revenue YoY
-32.1%
Net Profit YoY
-869.9%
EPS (diluted)
$-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
OPEN
OPEN
PETZ
PETZ
Q4 25
$736.0M
Q3 25
$915.0M
Q2 25
$1.6B
$103.4K
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.4B
Q2 24
$1.5B
Q1 24
$1.2B
Net Profit
OPEN
OPEN
PETZ
PETZ
Q4 25
$-1.1B
Q3 25
$-90.0M
Q2 25
$-29.0M
$1.2M
Q1 25
$-85.0M
Q4 24
$-113.0M
Q3 24
$-78.0M
Q2 24
$-92.0M
Q1 24
$-109.0M
Gross Margin
OPEN
OPEN
PETZ
PETZ
Q4 25
7.7%
Q3 25
7.2%
Q2 25
8.2%
35.3%
Q1 25
8.6%
Q4 24
7.8%
Q3 24
7.6%
Q2 24
8.5%
Q1 24
9.7%
Operating Margin
OPEN
OPEN
PETZ
PETZ
Q4 25
-20.4%
Q3 25
-7.4%
Q2 25
-0.8%
-1047.1%
Q1 25
-4.9%
Q4 24
-8.7%
Q3 24
-4.9%
Q2 24
-4.8%
Q1 24
-7.4%
Net Margin
OPEN
OPEN
PETZ
PETZ
Q4 25
-148.9%
Q3 25
-9.8%
Q2 25
-1.9%
1169.3%
Q1 25
-7.4%
Q4 24
-10.4%
Q3 24
-5.7%
Q2 24
-6.1%
Q1 24
-9.2%
EPS (diluted)
OPEN
OPEN
PETZ
PETZ
Q4 25
$-1.42
Q3 25
$-0.12
Q2 25
$-0.04
Q1 25
$-0.12
Q4 24
$-0.16
Q3 24
$-0.11
Q2 24
$-0.13
Q1 24
$-0.16

Balance Sheet & Financial Strength

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

Metric
OPEN
OPEN
PETZ
PETZ
Cash + ST InvestmentsLiquidity on hand
$962.0M
$28.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$27.4M
Total Assets
$2.4B
$33.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPEN
OPEN
PETZ
PETZ
Q4 25
$962.0M
Q3 25
$962.0M
Q2 25
$789.0M
$28.7M
Q1 25
$559.0M
Q4 24
$679.0M
Q3 24
$837.0M
Q2 24
$809.0M
Q1 24
$990.0M
Stockholders' Equity
OPEN
OPEN
PETZ
PETZ
Q4 25
$1.0B
Q3 25
$811.0M
Q2 25
$631.0M
$27.4M
Q1 25
$645.0M
Q4 24
$713.0M
Q3 24
$801.0M
Q2 24
$845.0M
Q1 24
$899.0M
Total Assets
OPEN
OPEN
PETZ
PETZ
Q4 25
$2.4B
Q3 25
$2.7B
Q2 25
$2.9B
$33.3M
Q1 25
$3.3B
Q4 24
$3.1B
Q3 24
$3.4B
Q2 24
$3.4B
Q1 24
$3.4B

Cash Flow & Capital Efficiency

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

Metric
OPEN
OPEN
PETZ
PETZ
Operating Cash FlowLast quarter
$70.0M
$-2.1M
Free Cash FlowOCF − Capex
$67.0M
FCF MarginFCF / Revenue
9.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
-1.78×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPEN
OPEN
PETZ
PETZ
Q4 25
$70.0M
Q3 25
$435.0M
Q2 25
$823.0M
$-2.1M
Q1 25
$-279.0M
Q4 24
$-80.0M
Q3 24
$62.0M
Q2 24
$-399.0M
Q1 24
$-178.0M
Free Cash Flow
OPEN
OPEN
PETZ
PETZ
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
Q1 24
$-186.0M
FCF Margin
OPEN
OPEN
PETZ
PETZ
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%
Q1 24
-15.7%
Capex Intensity
OPEN
OPEN
PETZ
PETZ
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%
Q1 24
0.7%
Cash Conversion
OPEN
OPEN
PETZ
PETZ
Q4 25
Q3 25
Q2 25
-1.78×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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