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

Talen Energy Corp is the larger business by last-quarter revenue ($758.0M vs $736.0M, roughly 1.0× Opendoor Technologies Inc.). Talen Energy Corp runs the higher net margin — -47.9% vs -148.9%, a 101.0% gap on every dollar of revenue. On growth, Talen Energy Corp posted the faster year-over-year revenue change (114.7% vs -32.1%). Talen Energy Corp produced more free cash flow last quarter ($254.0M vs $67.0M). Over the past eight quarters, Talen Energy Corp's revenue compounded faster (35.0% 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.

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

OPEN vs TLN — Head-to-Head

Bigger by revenue
TLN
TLN
1.0× larger
TLN
$758.0M
$736.0M
OPEN
Growing faster (revenue YoY)
TLN
TLN
+146.8% gap
TLN
114.7%
-32.1%
OPEN
Higher net margin
TLN
TLN
101.0% more per $
TLN
-47.9%
-148.9%
OPEN
More free cash flow
TLN
TLN
$187.0M more FCF
TLN
$254.0M
$67.0M
OPEN
Faster 2-yr revenue CAGR
TLN
TLN
Annualised
TLN
35.0%
-21.1%
OPEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPEN
OPEN
TLN
TLN
Revenue
$736.0M
$758.0M
Net Profit
$-1.1B
$-363.0M
Gross Margin
7.7%
Operating Margin
-20.4%
-41.3%
Net Margin
-148.9%
-47.9%
Revenue YoY
-32.1%
114.7%
Net Profit YoY
-869.9%
-542.7%
EPS (diluted)
$-1.42
$-7.60

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
TLN
TLN
Q4 25
$736.0M
$758.0M
Q3 25
$915.0M
$697.0M
Q2 25
$1.6B
$409.0M
Q1 25
$1.2B
$654.0M
Q4 24
$1.1B
$353.0M
Q3 24
$1.4B
$459.0M
Q2 24
$1.5B
$346.0M
Q1 24
$1.2B
$416.0M
Net Profit
OPEN
OPEN
TLN
TLN
Q4 25
$-1.1B
$-363.0M
Q3 25
$-90.0M
$207.0M
Q2 25
$-29.0M
$72.0M
Q1 25
$-85.0M
$-135.0M
Q4 24
$-113.0M
$82.0M
Q3 24
$-78.0M
$168.0M
Q2 24
$-92.0M
$454.0M
Q1 24
$-109.0M
$294.0M
Gross Margin
OPEN
OPEN
TLN
TLN
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%
Q1 24
9.7%
Operating Margin
OPEN
OPEN
TLN
TLN
Q4 25
-20.4%
-41.3%
Q3 25
-7.4%
37.7%
Q2 25
-0.8%
16.1%
Q1 25
-4.9%
-16.2%
Q4 24
-8.7%
4.5%
Q3 24
-4.9%
34.4%
Q2 24
-4.8%
7.8%
Q1 24
-7.4%
6.0%
Net Margin
OPEN
OPEN
TLN
TLN
Q4 25
-148.9%
-47.9%
Q3 25
-9.8%
29.7%
Q2 25
-1.9%
17.6%
Q1 25
-7.4%
-20.6%
Q4 24
-10.4%
23.2%
Q3 24
-5.7%
36.6%
Q2 24
-6.1%
131.2%
Q1 24
-9.2%
70.7%
EPS (diluted)
OPEN
OPEN
TLN
TLN
Q4 25
$-1.42
$-7.60
Q3 25
$-0.12
$4.25
Q2 25
$-0.04
$1.50
Q1 25
$-0.12
$-2.94
Q4 24
$-0.16
$2.07
Q3 24
$-0.11
$3.16
Q2 24
$-0.13
$7.60
Q1 24
$-0.16
$4.84

Balance Sheet & Financial Strength

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

Metric
OPEN
OPEN
TLN
TLN
Cash + ST InvestmentsLiquidity on hand
$962.0M
$689.0M
Total DebtLower is stronger
$6.8B
Stockholders' EquityBook value
$1.0B
$1.1B
Total Assets
$2.4B
$10.9B
Debt / EquityLower = less leverage
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPEN
OPEN
TLN
TLN
Q4 25
$962.0M
$689.0M
Q3 25
$962.0M
$497.0M
Q2 25
$789.0M
$122.0M
Q1 25
$559.0M
$295.0M
Q4 24
$679.0M
$328.0M
Q3 24
$837.0M
$648.0M
Q2 24
$809.0M
$632.0M
Q1 24
$990.0M
Total Debt
OPEN
OPEN
TLN
TLN
Q4 25
$6.8B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
Stockholders' Equity
OPEN
OPEN
TLN
TLN
Q4 25
$1.0B
$1.1B
Q3 25
$811.0M
$1.5B
Q2 25
$631.0M
$1.2B
Q1 25
$645.0M
$1.2B
Q4 24
$713.0M
$1.4B
Q3 24
$801.0M
$2.4B
Q2 24
$845.0M
$2.5B
Q1 24
$899.0M
$2.8B
Total Assets
OPEN
OPEN
TLN
TLN
Q4 25
$2.4B
$10.9B
Q3 25
$2.7B
$6.1B
Q2 25
$2.9B
$5.8B
Q1 25
$3.3B
$5.9B
Q4 24
$3.1B
$6.1B
Q3 24
$3.4B
$6.8B
Q2 24
$3.4B
$7.1B
Q1 24
$3.4B
Debt / Equity
OPEN
OPEN
TLN
TLN
Q4 25
6.23×
Q3 25
2.03×
Q2 25
2.40×
Q1 25
2.54×
Q4 24
2.17×
Q3 24
1.10×
Q2 24
1.05×
Q1 24

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
TLN
TLN
Operating Cash FlowLast quarter
$70.0M
$280.0M
Free Cash FlowOCF − Capex
$67.0M
$254.0M
FCF MarginFCF / Revenue
9.1%
33.5%
Capex IntensityCapex / Revenue
0.4%
3.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.0B
$606.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPEN
OPEN
TLN
TLN
Q4 25
$70.0M
$280.0M
Q3 25
$435.0M
$489.0M
Q2 25
$823.0M
$-184.0M
Q1 25
$-279.0M
$119.0M
Q4 24
$-80.0M
Q3 24
$62.0M
$96.0M
Q2 24
$-399.0M
$-23.0M
Q1 24
$-178.0M
$173.0M
Free Cash Flow
OPEN
OPEN
TLN
TLN
Q4 25
$67.0M
$254.0M
Q3 25
$432.0M
$468.0M
Q2 25
$821.0M
$-217.0M
Q1 25
$-283.0M
$101.0M
Q4 24
$-83.0M
Q3 24
$56.0M
$83.0M
Q2 24
$-407.0M
$-43.0M
Q1 24
$-186.0M
$148.0M
FCF Margin
OPEN
OPEN
TLN
TLN
Q4 25
9.1%
33.5%
Q3 25
47.2%
67.1%
Q2 25
52.4%
-53.1%
Q1 25
-24.5%
15.4%
Q4 24
-7.7%
Q3 24
4.1%
18.1%
Q2 24
-26.9%
-12.4%
Q1 24
-15.7%
35.6%
Capex Intensity
OPEN
OPEN
TLN
TLN
Q4 25
0.4%
3.4%
Q3 25
0.3%
3.0%
Q2 25
0.1%
8.1%
Q1 25
0.3%
2.8%
Q4 24
0.3%
Q3 24
0.4%
2.8%
Q2 24
0.5%
5.8%
Q1 24
0.7%
6.0%
Cash Conversion
OPEN
OPEN
TLN
TLN
Q4 25
Q3 25
2.36×
Q2 25
-2.56×
Q1 25
Q4 24
Q3 24
0.57×
Q2 24
-0.05×
Q1 24
0.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OPEN
OPEN

Segment breakdown not available.

TLN
TLN

Electricity Sales And Ancillary Services$555.0M73%
Operating Revenue Capacity$182.0M24%
Physical Electricity Sales Bilateral Contracts Other$21.0M3%

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