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Side-by-side financial comparison of Opendoor Technologies Inc. (OPEN) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.

Opendoor Technologies Inc. is the larger business by last-quarter revenue ($736.0M vs $630.0M, roughly 1.2× Park Hotels & Resorts Inc.). Park Hotels & Resorts Inc. runs the higher net margin — 1.9% vs -148.9%, a 150.8% gap on every dollar of revenue. On growth, Park Hotels & Resorts Inc. posted the faster year-over-year revenue change (-1.3% vs -32.1%). Over the past eight quarters, Park Hotels & Resorts Inc.'s revenue compounded faster (-4.2% CAGR vs -21.1%).

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.

Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.

OPEN vs PK — Head-to-Head

Bigger by revenue
OPEN
OPEN
1.2× larger
OPEN
$736.0M
$630.0M
PK
Growing faster (revenue YoY)
PK
PK
+30.8% gap
PK
-1.3%
-32.1%
OPEN
Higher net margin
PK
PK
150.8% more per $
PK
1.9%
-148.9%
OPEN
Faster 2-yr revenue CAGR
PK
PK
Annualised
PK
-4.2%
-21.1%
OPEN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
OPEN
OPEN
PK
PK
Revenue
$736.0M
$630.0M
Net Profit
$-1.1B
$12.0M
Gross Margin
7.7%
Operating Margin
-20.4%
9.8%
Net Margin
-148.9%
1.9%
Revenue YoY
-32.1%
-1.3%
Net Profit YoY
-869.9%
121.1%
EPS (diluted)
$-1.42
$0.05

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
PK
PK
Q1 26
$630.0M
Q4 25
$736.0M
$629.0M
Q3 25
$915.0M
$610.0M
Q2 25
$1.6B
$672.0M
Q1 25
$1.2B
$630.0M
Q4 24
$1.1B
$625.0M
Q3 24
$1.4B
$649.0M
Q2 24
$1.5B
$686.0M
Net Profit
OPEN
OPEN
PK
PK
Q1 26
$12.0M
Q4 25
$-1.1B
$-205.0M
Q3 25
$-90.0M
$-16.0M
Q2 25
$-29.0M
$-5.0M
Q1 25
$-85.0M
$-57.0M
Q4 24
$-113.0M
$66.0M
Q3 24
$-78.0M
$54.0M
Q2 24
$-92.0M
$64.0M
Gross Margin
OPEN
OPEN
PK
PK
Q1 26
Q4 25
7.7%
Q3 25
7.2%
Q2 25
8.2%
Q1 25
8.6%
Q4 24
7.8%
Q3 24
7.6%
Q2 24
8.5%
Operating Margin
OPEN
OPEN
PK
PK
Q1 26
9.8%
Q4 25
-20.4%
-26.1%
Q3 25
-7.4%
9.7%
Q2 25
-0.8%
9.7%
Q1 25
-4.9%
1.1%
Q4 24
-8.7%
13.3%
Q3 24
-4.9%
14.6%
Q2 24
-4.8%
17.6%
Net Margin
OPEN
OPEN
PK
PK
Q1 26
1.9%
Q4 25
-148.9%
-32.6%
Q3 25
-9.8%
-2.6%
Q2 25
-1.9%
-0.7%
Q1 25
-7.4%
-9.0%
Q4 24
-10.4%
10.6%
Q3 24
-5.7%
8.3%
Q2 24
-6.1%
9.3%
EPS (diluted)
OPEN
OPEN
PK
PK
Q1 26
$0.05
Q4 25
$-1.42
$-1.04
Q3 25
$-0.12
$-0.08
Q2 25
$-0.04
$-0.02
Q1 25
$-0.12
$-0.29
Q4 24
$-0.16
$0.32
Q3 24
$-0.11
$0.26
Q2 24
$-0.13
$0.30

Balance Sheet & Financial Strength

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

Metric
OPEN
OPEN
PK
PK
Cash + ST InvestmentsLiquidity on hand
$962.0M
$156.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$3.1B
Total Assets
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPEN
OPEN
PK
PK
Q1 26
$156.0M
Q4 25
$962.0M
$232.0M
Q3 25
$962.0M
$278.0M
Q2 25
$789.0M
$319.0M
Q1 25
$559.0M
$233.0M
Q4 24
$679.0M
$402.0M
Q3 24
$837.0M
$480.0M
Q2 24
$809.0M
$449.0M
Total Debt
OPEN
OPEN
PK
PK
Q1 26
Q4 25
$3.9B
Q3 25
$3.9B
Q2 25
$3.9B
Q1 25
$3.9B
Q4 24
$3.9B
Q3 24
$3.9B
Q2 24
$3.9B
Stockholders' Equity
OPEN
OPEN
PK
PK
Q1 26
$3.1B
Q4 25
$1.0B
$3.1B
Q3 25
$811.0M
$3.4B
Q2 25
$631.0M
$3.4B
Q1 25
$645.0M
$3.5B
Q4 24
$713.0M
$3.6B
Q3 24
$801.0M
$3.8B
Q2 24
$845.0M
$3.8B
Total Assets
OPEN
OPEN
PK
PK
Q1 26
Q4 25
$2.4B
$7.7B
Q3 25
$2.7B
$8.8B
Q2 25
$2.9B
$8.9B
Q1 25
$3.3B
$8.9B
Q4 24
$3.1B
$9.2B
Q3 24
$3.4B
$9.2B
Q2 24
$3.4B
$9.2B
Debt / Equity
OPEN
OPEN
PK
PK
Q1 26
Q4 25
1.23×
Q3 25
1.14×
Q2 25
1.12×
Q1 25
1.11×
Q4 24
1.06×
Q3 24
1.03×
Q2 24
1.03×

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
PK
PK
Operating Cash FlowLast quarter
$70.0M
Free Cash FlowOCF − Capex
$67.0M
FCF MarginFCF / Revenue
9.1%
Capex IntensityCapex / Revenue
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
OPEN
OPEN
PK
PK
Q1 26
Q4 25
$70.0M
$105.0M
Q3 25
$435.0M
$99.0M
Q2 25
$823.0M
$108.0M
Q1 25
$-279.0M
$86.0M
Q4 24
$-80.0M
$80.0M
Q3 24
$62.0M
$140.0M
Q2 24
$-399.0M
$117.0M
Free Cash Flow
OPEN
OPEN
PK
PK
Q1 26
Q4 25
$67.0M
$-3.0M
Q3 25
$432.0M
$31.0M
Q2 25
$821.0M
$65.0M
Q1 25
$-283.0M
$9.0M
Q4 24
$-83.0M
$17.0M
Q3 24
$56.0M
$97.0M
Q2 24
$-407.0M
$66.0M
FCF Margin
OPEN
OPEN
PK
PK
Q1 26
Q4 25
9.1%
-0.5%
Q3 25
47.2%
5.1%
Q2 25
52.4%
9.7%
Q1 25
-24.5%
1.4%
Q4 24
-7.7%
2.7%
Q3 24
4.1%
14.9%
Q2 24
-26.9%
9.6%
Capex Intensity
OPEN
OPEN
PK
PK
Q1 26
Q4 25
0.4%
17.2%
Q3 25
0.3%
11.1%
Q2 25
0.1%
6.4%
Q1 25
0.3%
12.2%
Q4 24
0.3%
10.1%
Q3 24
0.4%
6.6%
Q2 24
0.5%
7.4%
Cash Conversion
OPEN
OPEN
PK
PK
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.21×
Q3 24
2.59×
Q2 24
1.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OPEN
OPEN

Segment breakdown not available.

PK
PK

Comparable Hotel Revenues$617.0M98%
Other$13.0M2%

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