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Opendoor Technologies Inc.（OPEN）与Penumbra Inc（PEN）财务数据对比。点击上方公司名可切换其他公司
Opendoor Technologies Inc.的季度营收约是Penumbra Inc的1.9倍（$736.0M vs $385.4M），Penumbra Inc净利率更高（12.3% vs -148.9%，领先161.2%），Penumbra Inc同比增速更快（22.1% vs -32.1%），Penumbra Inc自由现金流更多（$68.0M vs $67.0M），过去两年Penumbra Inc的营收复合增速更高（17.6% vs -21.1%）
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
Penumbra Inc是2004年由Arani Bose与Adam Elsesser联合创立的美国医疗器械企业，总部位于加利福尼亚州阿拉米达，核心业务为研发、生产中风、动脉瘤等血管疾病介入治疗所用的专业医疗设备，产品已在全球多个国家的临床诊疗场景中投入使用。
OPEN vs PEN — 直观对比
营收规模更大
OPEN
是对方的1.9倍
$385.4M
营收增速更快
PEN
高出54.2%
-32.1%
净利率更高
PEN
高出161.2%
-148.9%
自由现金流更多
PEN
多$1.1M
$67.0M
两年增速更快
PEN
近两年复合增速
-21.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $736.0M | $385.4M |
| 净利润 | $-1.1B | $47.3M |
| 毛利率 | 7.7% | 68.0% |
| 营业利润率 | -20.4% | 15.4% |
| 净利率 | -148.9% | 12.3% |
| 营收同比 | -32.1% | 22.1% |
| 净利润同比 | -869.9% | 40.6% |
| 每股收益（稀释后） | $-1.42 | $1.20 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收OPENPEN
| Q4 25 | $736.0M | $385.4M | ||
| Q3 25 | $915.0M | $354.7M | ||
| Q2 25 | $1.6B | $339.5M | ||
| Q1 25 | $1.2B | $324.1M | ||
| Q4 24 | $1.1B | $315.5M | ||
| Q3 24 | $1.4B | $301.0M | ||
| Q2 24 | $1.5B | $299.4M | ||
| Q1 24 | $1.2B | $278.7M |
净利润OPENPEN
| Q4 25 | $-1.1B | $47.3M | ||
| Q3 25 | $-90.0M | $45.9M | ||
| Q2 25 | $-29.0M | $45.3M | ||
| Q1 25 | $-85.0M | $39.2M | ||
| Q4 24 | $-113.0M | $33.7M | ||
| Q3 24 | $-78.0M | $29.5M | ||
| Q2 24 | $-92.0M | $-60.2M | ||
| Q1 24 | $-109.0M | $11.0M |
毛利率OPENPEN
| Q4 25 | 7.7% | 68.0% | ||
| Q3 25 | 7.2% | 67.8% | ||
| Q2 25 | 8.2% | 66.0% | ||
| Q1 25 | 8.6% | 66.6% | ||
| Q4 24 | 7.8% | 66.8% | ||
| Q3 24 | 7.6% | 66.5% | ||
| Q2 24 | 8.5% | 54.4% | ||
| Q1 24 | 9.7% | 65.0% |
营业利润率OPENPEN
| Q4 25 | -20.4% | 15.4% | ||
| Q3 25 | -7.4% | 13.8% | ||
| Q2 25 | -0.8% | 12.0% | ||
| Q1 25 | -4.9% | 12.4% | ||
| Q4 24 | -8.7% | 13.6% | ||
| Q3 24 | -4.9% | 11.7% | ||
| Q2 24 | -4.8% | -27.0% | ||
| Q1 24 | -7.4% | 4.3% |
净利率OPENPEN
| Q4 25 | -148.9% | 12.3% | ||
| Q3 25 | -9.8% | 12.9% | ||
| Q2 25 | -1.9% | 13.3% | ||
| Q1 25 | -7.4% | 12.1% | ||
| Q4 24 | -10.4% | 10.7% | ||
| Q3 24 | -5.7% | 9.8% | ||
| Q2 24 | -6.1% | -20.1% | ||
| Q1 24 | -9.2% | 3.9% |
每股收益（稀释后）OPENPEN
| Q4 25 | $-1.42 | $1.20 | ||
| Q3 25 | $-0.12 | $1.17 | ||
| Q2 25 | $-0.04 | $1.15 | ||
| Q1 25 | $-0.12 | $1.00 | ||
| Q4 24 | $-0.16 | $0.88 | ||
| Q3 24 | $-0.11 | $0.75 | ||
| Q2 24 | $-0.13 | $-1.55 | ||
| Q1 24 | $-0.16 | $0.28 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $962.0M | $186.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $1.4B |
| 总资产 | $2.4B | $1.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资OPENPEN
| Q4 25 | $962.0M | $186.9M | ||
| Q3 25 | $962.0M | $321.0M | ||
| Q2 25 | $789.0M | $421.8M | ||
| Q1 25 | $559.0M | $376.1M | ||
| Q4 24 | $679.0M | $324.4M | ||
| Q3 24 | $837.0M | $280.5M | ||
| Q2 24 | $809.0M | $288.3M | ||
| Q1 24 | $990.0M | $223.1M |
股东权益OPENPEN
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $811.0M | $1.4B | ||
| Q2 25 | $631.0M | $1.3B | ||
| Q1 25 | $645.0M | $1.2B | ||
| Q4 24 | $713.0M | $1.2B | ||
| Q3 24 | $801.0M | $1.1B | ||
| Q2 24 | $845.0M | $1.2B | ||
| Q1 24 | $899.0M | $1.2B |
总资产OPENPEN
| Q4 25 | $2.4B | $1.8B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $3.4B | $1.5B | ||
| Q2 24 | $3.4B | $1.5B | ||
| Q1 24 | $3.4B | $1.6B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $70.0M | $86.5M |
| 自由现金流经营现金流 - 资本支出 | $67.0M | $68.0M |
| 自由现金流率自由现金流/营收 | 9.1% | 17.7% |
| 资本支出强度资本支出/营收 | 0.4% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 1.83× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $174.9M |
8季度趋势，按日历期对齐
经营现金流OPENPEN
| Q4 25 | $70.0M | $86.5M | ||
| Q3 25 | $435.0M | $58.3M | ||
| Q2 25 | $823.0M | $44.9M | ||
| Q1 25 | $-279.0M | $49.0M | ||
| Q4 24 | $-80.0M | $51.1M | ||
| Q3 24 | $62.0M | $56.5M | ||
| Q2 24 | $-399.0M | $22.6M | ||
| Q1 24 | $-178.0M | $38.3M |
自由现金流OPENPEN
| Q4 25 | $67.0M | $68.0M | ||
| Q3 25 | $432.0M | $42.0M | ||
| Q2 25 | $821.0M | $29.4M | ||
| Q1 25 | $-283.0M | $35.5M | ||
| Q4 24 | $-83.0M | $45.7M | ||
| Q3 24 | $56.0M | $51.0M | ||
| Q2 24 | $-407.0M | $18.1M | ||
| Q1 24 | $-186.0M | $32.5M |
自由现金流率OPENPEN
| Q4 25 | 9.1% | 17.7% | ||
| Q3 25 | 47.2% | 11.8% | ||
| Q2 25 | 52.4% | 8.7% | ||
| Q1 25 | -24.5% | 11.0% | ||
| Q4 24 | -7.7% | 14.5% | ||
| Q3 24 | 4.1% | 16.9% | ||
| Q2 24 | -26.9% | 6.0% | ||
| Q1 24 | -15.7% | 11.7% |
资本支出强度OPENPEN
| Q4 25 | 0.4% | 4.8% | ||
| Q3 25 | 0.3% | 4.6% | ||
| Q2 25 | 0.1% | 4.6% | ||
| Q1 25 | 0.3% | 4.2% | ||
| Q4 24 | 0.3% | 1.7% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.5% | 1.5% | ||
| Q1 24 | 0.7% | 2.1% |
现金转化率OPENPEN
| Q4 25 | — | 1.83× | ||
| Q3 25 | — | 1.27× | ||
| Q2 25 | — | 0.99× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.48× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
OPEN
暂无分部数据
PEN
| Thrombectomy | $254.7M | 66% |
| Other | $130.7M | 34% |
