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Side-by-side financial comparison of Opendoor Technologies Inc. (OPEN) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Opendoor Technologies Inc. is the larger business by last-quarter revenue ($736.0M vs $407.2M, roughly 1.8× Zurn Elkay Water Solutions Corp). Zurn Elkay Water Solutions Corp runs the higher net margin — 10.3% vs -148.9%, a 159.3% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs -32.1%). Over the past eight quarters, Zurn Elkay Water Solutions Corp's revenue compounded faster (4.4% 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.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

OPEN vs ZWS — Head-to-Head

Bigger by revenue
OPEN
OPEN
1.8× larger
OPEN
$736.0M
$407.2M
ZWS
Growing faster (revenue YoY)
ZWS
ZWS
+41.9% gap
ZWS
9.8%
-32.1%
OPEN
Higher net margin
ZWS
ZWS
159.3% more per $
ZWS
10.3%
-148.9%
OPEN
Faster 2-yr revenue CAGR
ZWS
ZWS
Annualised
ZWS
4.4%
-21.1%
OPEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPEN
OPEN
ZWS
ZWS
Revenue
$736.0M
$407.2M
Net Profit
$-1.1B
$42.1M
Gross Margin
7.7%
44.4%
Operating Margin
-20.4%
14.8%
Net Margin
-148.9%
10.3%
Revenue YoY
-32.1%
9.8%
Net Profit YoY
-869.9%
15.7%
EPS (diluted)
$-1.42
$0.24

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
ZWS
ZWS
Q4 25
$736.0M
$407.2M
Q3 25
$915.0M
$455.4M
Q2 25
$1.6B
$444.5M
Q1 25
$1.2B
$388.8M
Q4 24
$1.1B
$370.7M
Q3 24
$1.4B
$410.0M
Q2 24
$1.5B
$412.0M
Q1 24
$1.2B
$373.8M
Net Profit
OPEN
OPEN
ZWS
ZWS
Q4 25
$-1.1B
$42.1M
Q3 25
$-90.0M
$61.8M
Q2 25
$-29.0M
$50.5M
Q1 25
$-85.0M
$43.6M
Q4 24
$-113.0M
$36.4M
Q3 24
$-78.0M
$43.5M
Q2 24
$-92.0M
$46.0M
Q1 24
$-109.0M
$34.3M
Gross Margin
OPEN
OPEN
ZWS
ZWS
Q4 25
7.7%
44.4%
Q3 25
7.2%
44.1%
Q2 25
8.2%
45.5%
Q1 25
8.6%
46.6%
Q4 24
7.8%
43.5%
Q3 24
7.6%
46.2%
Q2 24
8.5%
45.2%
Q1 24
9.7%
45.5%
Operating Margin
OPEN
OPEN
ZWS
ZWS
Q4 25
-20.4%
14.8%
Q3 25
-7.4%
17.0%
Q2 25
-0.8%
17.5%
Q1 25
-4.9%
16.3%
Q4 24
-8.7%
13.3%
Q3 24
-4.9%
17.1%
Q2 24
-4.8%
17.5%
Q1 24
-7.4%
14.2%
Net Margin
OPEN
OPEN
ZWS
ZWS
Q4 25
-148.9%
10.3%
Q3 25
-9.8%
13.6%
Q2 25
-1.9%
11.4%
Q1 25
-7.4%
11.2%
Q4 24
-10.4%
9.8%
Q3 24
-5.7%
10.6%
Q2 24
-6.1%
11.2%
Q1 24
-9.2%
9.2%
EPS (diluted)
OPEN
OPEN
ZWS
ZWS
Q4 25
$-1.42
$0.24
Q3 25
$-0.12
$0.36
Q2 25
$-0.04
$0.29
Q1 25
$-0.12
$0.26
Q4 24
$-0.16
$0.21
Q3 24
$-0.11
$0.25
Q2 24
$-0.13
$0.27
Q1 24
$-0.16
$0.19

Balance Sheet & Financial Strength

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

Metric
OPEN
OPEN
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$962.0M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$1.0B
$1.6B
Total Assets
$2.4B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPEN
OPEN
ZWS
ZWS
Q4 25
$962.0M
$300.5M
Q3 25
$962.0M
$260.1M
Q2 25
$789.0M
$201.9M
Q1 25
$559.0M
$144.7M
Q4 24
$679.0M
$198.0M
Q3 24
$837.0M
$187.9M
Q2 24
$809.0M
$162.7M
Q1 24
$990.0M
$157.1M
Total Debt
OPEN
OPEN
ZWS
ZWS
Q4 25
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
OPEN
OPEN
ZWS
ZWS
Q4 25
$1.0B
$1.6B
Q3 25
$811.0M
$1.6B
Q2 25
$631.0M
$1.6B
Q1 25
$645.0M
$1.5B
Q4 24
$713.0M
$1.6B
Q3 24
$801.0M
$1.6B
Q2 24
$845.0M
$1.6B
Q1 24
$899.0M
$1.6B
Total Assets
OPEN
OPEN
ZWS
ZWS
Q4 25
$2.4B
$2.7B
Q3 25
$2.7B
$2.7B
Q2 25
$2.9B
$2.7B
Q1 25
$3.3B
$2.6B
Q4 24
$3.1B
$2.6B
Q3 24
$3.4B
$2.7B
Q2 24
$3.4B
$2.7B
Q1 24
$3.4B
$2.7B
Debt / Equity
OPEN
OPEN
ZWS
ZWS
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

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
ZWS
ZWS
Operating Cash FlowLast quarter
$70.0M
$91.7M
Free Cash FlowOCF − Capex
$67.0M
FCF MarginFCF / Revenue
9.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPEN
OPEN
ZWS
ZWS
Q4 25
$70.0M
$91.7M
Q3 25
$435.0M
$101.3M
Q2 25
$823.0M
$110.6M
Q1 25
$-279.0M
$42.9M
Q4 24
$-80.0M
$63.6M
Q3 24
$62.0M
$90.9M
Q2 24
$-399.0M
$85.1M
Q1 24
$-178.0M
$53.9M
Free Cash Flow
OPEN
OPEN
ZWS
ZWS
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
ZWS
ZWS
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
ZWS
ZWS
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
ZWS
ZWS
Q4 25
2.18×
Q3 25
1.64×
Q2 25
2.19×
Q1 25
0.98×
Q4 24
1.75×
Q3 24
2.09×
Q2 24
1.85×
Q1 24
1.57×

Financial Flow Comparison

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

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