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

Opendoor Technologies Inc. is the larger business by last-quarter revenue ($736.0M vs $382.8M, roughly 1.9× Gentherm Inc). Gentherm Inc runs the higher net margin — 0.8% vs -148.9%, a 149.7% gap on every dollar of revenue. On growth, Gentherm Inc posted the faster year-over-year revenue change (8.5% vs -32.1%). Opendoor Technologies Inc. produced more free cash flow last quarter ($67.0M vs $6.7M). Over the past eight quarters, Gentherm Inc's revenue compounded faster (3.7% 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.

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, General Motors, Toyota (Lexus), Kia, Hyundai, Nissan (Infiniti), R...

OPEN vs THRM — Head-to-Head

Bigger by revenue
OPEN
OPEN
1.9× larger
OPEN
$736.0M
$382.8M
THRM
Growing faster (revenue YoY)
THRM
THRM
+40.6% gap
THRM
8.5%
-32.1%
OPEN
Higher net margin
THRM
THRM
149.7% more per $
THRM
0.8%
-148.9%
OPEN
More free cash flow
OPEN
OPEN
$60.3M more FCF
OPEN
$67.0M
$6.7M
THRM
Faster 2-yr revenue CAGR
THRM
THRM
Annualised
THRM
3.7%
-21.1%
OPEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPEN
OPEN
THRM
THRM
Revenue
$736.0M
$382.8M
Net Profit
$-1.1B
$3.0M
Gross Margin
7.7%
23.7%
Operating Margin
-20.4%
4.6%
Net Margin
-148.9%
0.8%
Revenue YoY
-32.1%
8.5%
Net Profit YoY
-869.9%
-80.5%
EPS (diluted)
$-1.42
$0.08

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
THRM
THRM
Q4 25
$736.0M
$382.8M
Q3 25
$915.0M
$386.9M
Q2 25
$1.6B
$375.1M
Q1 25
$1.2B
$353.9M
Q4 24
$1.1B
$352.9M
Q3 24
$1.4B
$371.5M
Q2 24
$1.5B
$375.7M
Q1 24
$1.2B
$356.0M
Net Profit
OPEN
OPEN
THRM
THRM
Q4 25
$-1.1B
$3.0M
Q3 25
$-90.0M
$14.9M
Q2 25
$-29.0M
$477.0K
Q1 25
$-85.0M
$-128.0K
Q4 24
$-113.0M
$15.3M
Q3 24
$-78.0M
$16.0M
Q2 24
$-92.0M
$18.9M
Q1 24
$-109.0M
$14.8M
Gross Margin
OPEN
OPEN
THRM
THRM
Q4 25
7.7%
23.7%
Q3 25
7.2%
24.6%
Q2 25
8.2%
23.9%
Q1 25
8.6%
24.4%
Q4 24
7.8%
24.4%
Q3 24
7.6%
25.5%
Q2 24
8.5%
25.7%
Q1 24
9.7%
24.9%
Operating Margin
OPEN
OPEN
THRM
THRM
Q4 25
-20.4%
4.6%
Q3 25
-7.4%
6.2%
Q2 25
-0.8%
6.4%
Q1 25
-4.9%
4.8%
Q4 24
-8.7%
6.7%
Q3 24
-4.9%
8.7%
Q2 24
-4.8%
8.8%
Q1 24
-7.4%
5.1%
Net Margin
OPEN
OPEN
THRM
THRM
Q4 25
-148.9%
0.8%
Q3 25
-9.8%
3.9%
Q2 25
-1.9%
0.1%
Q1 25
-7.4%
-0.0%
Q4 24
-10.4%
4.3%
Q3 24
-5.7%
4.3%
Q2 24
-6.1%
5.0%
Q1 24
-9.2%
4.2%
EPS (diluted)
OPEN
OPEN
THRM
THRM
Q4 25
$-1.42
$0.08
Q3 25
$-0.12
$0.49
Q2 25
$-0.04
$0.02
Q1 25
$-0.12
$0.00
Q4 24
$-0.16
$0.48
Q3 24
$-0.11
$0.51
Q2 24
$-0.13
$0.60
Q1 24
$-0.16
$0.47

Balance Sheet & Financial Strength

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

Metric
OPEN
OPEN
THRM
THRM
Cash + ST InvestmentsLiquidity on hand
$962.0M
$160.8M
Total DebtLower is stronger
$189.0M
Stockholders' EquityBook value
$1.0B
$720.3M
Total Assets
$2.4B
$1.4B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPEN
OPEN
THRM
THRM
Q4 25
$962.0M
$160.8M
Q3 25
$962.0M
$154.3M
Q2 25
$789.0M
$128.3M
Q1 25
$559.0M
$163.1M
Q4 24
$679.0M
$134.1M
Q3 24
$837.0M
$150.6M
Q2 24
$809.0M
$123.5M
Q1 24
$990.0M
$125.1M
Total Debt
OPEN
OPEN
THRM
THRM
Q4 25
$189.0M
Q3 25
$189.0M
Q2 25
$209.0M
Q1 25
$262.0M
Q4 24
$220.1M
Q3 24
$222.1M
Q2 24
$222.1M
Q1 24
$222.2M
Stockholders' Equity
OPEN
OPEN
THRM
THRM
Q4 25
$1.0B
$720.3M
Q3 25
$811.0M
$717.9M
Q2 25
$631.0M
$699.7M
Q1 25
$645.0M
$646.5M
Q4 24
$713.0M
$616.9M
Q3 24
$801.0M
$660.7M
Q2 24
$845.0M
$640.3M
Q1 24
$899.0M
$647.1M
Total Assets
OPEN
OPEN
THRM
THRM
Q4 25
$2.4B
$1.4B
Q3 25
$2.7B
$1.4B
Q2 25
$2.9B
$1.4B
Q1 25
$3.3B
$1.3B
Q4 24
$3.1B
$1.2B
Q3 24
$3.4B
$1.3B
Q2 24
$3.4B
$1.2B
Q1 24
$3.4B
$1.3B
Debt / Equity
OPEN
OPEN
THRM
THRM
Q4 25
0.26×
Q3 25
0.26×
Q2 25
0.30×
Q1 25
0.41×
Q4 24
0.36×
Q3 24
0.34×
Q2 24
0.35×
Q1 24
0.34×

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
THRM
THRM
Operating Cash FlowLast quarter
$70.0M
$29.0M
Free Cash FlowOCF − Capex
$67.0M
$6.7M
FCF MarginFCF / Revenue
9.1%
1.7%
Capex IntensityCapex / Revenue
0.4%
5.8%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$1.0B
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPEN
OPEN
THRM
THRM
Q4 25
$70.0M
$29.0M
Q3 25
$435.0M
$56.1M
Q2 25
$823.0M
$45.0M
Q1 25
$-279.0M
$-13.3M
Q4 24
$-80.0M
$36.6M
Q3 24
$62.0M
$46.3M
Q2 24
$-399.0M
$37.1M
Q1 24
$-178.0M
$-10.3M
Free Cash Flow
OPEN
OPEN
THRM
THRM
Q4 25
$67.0M
$6.7M
Q3 25
$432.0M
$46.5M
Q2 25
$821.0M
$36.2M
Q1 25
$-283.0M
$-28.2M
Q4 24
$-83.0M
$13.6M
Q3 24
$56.0M
$26.6M
Q2 24
$-407.0M
$17.8M
Q1 24
$-186.0M
$-21.6M
FCF Margin
OPEN
OPEN
THRM
THRM
Q4 25
9.1%
1.7%
Q3 25
47.2%
12.0%
Q2 25
52.4%
9.6%
Q1 25
-24.5%
-8.0%
Q4 24
-7.7%
3.9%
Q3 24
4.1%
7.2%
Q2 24
-26.9%
4.7%
Q1 24
-15.7%
-6.1%
Capex Intensity
OPEN
OPEN
THRM
THRM
Q4 25
0.4%
5.8%
Q3 25
0.3%
2.5%
Q2 25
0.1%
2.4%
Q1 25
0.3%
4.2%
Q4 24
0.3%
6.5%
Q3 24
0.4%
5.3%
Q2 24
0.5%
5.2%
Q1 24
0.7%
3.2%
Cash Conversion
OPEN
OPEN
THRM
THRM
Q4 25
9.70×
Q3 25
3.75×
Q2 25
94.43×
Q1 25
Q4 24
2.39×
Q3 24
2.90×
Q2 24
1.97×
Q1 24
-0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OPEN
OPEN

Segment breakdown not available.

THRM
THRM

Climate Control Seats$200.9M52%
Lumbar And Massage Comfort Solutions$58.5M15%
Climate Control Interiors$50.3M13%
Other Automotive$27.6M7%
Valve Systems$24.1M6%
Medical Segments$13.9M4%
Climate And Comfort Electronics$7.4M2%

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