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Opendoor Technologies Inc.（OPEN）与Pool Corporation（POOL）财务数据对比。点击上方公司名可切换其他公司
Pool Corporation的季度营收约是Opendoor Technologies Inc.的1.5倍（$1.1B vs $736.0M），Pool Corporation净利率更高（4.7% vs -148.9%，领先153.6%），Pool Corporation同比增速更快（6.2% vs -32.1%），过去两年Pool Corporation的营收复合增速更高（-19.8% 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。
Pool Corporation（简称POOLCORP）是全球最大的游泳池用品、设备及机械分销商，注册地为美国特拉华州，总部位于路易斯安那州卡温顿。公司在北美、欧洲、澳大利亚运营439个销售中心，服务约12.5万客户，过半收入来自美国加州、得州、佛罗里达及亚利桑那市场，受益于人口向温暖气候区迁移的趋势。
OPEN vs POOL — 直观对比
营收规模更大
POOL
是对方的1.5倍
$736.0M
营收增速更快
POOL
高出38.3%
-32.1%
净利率更高
POOL
高出153.6%
-148.9%
两年增速更快
POOL
近两年复合增速
-21.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $736.0M | $1.1B |
| 净利润 | $-1.1B | $53.2M |
| 毛利率 | 7.7% | 29.0% |
| 营业利润率 | -20.4% | 7.3% |
| 净利率 | -148.9% | 4.7% |
| 营收同比 | -32.1% | 6.2% |
| 净利润同比 | -869.9% | -0.6% |
| 每股收益（稀释后） | $-1.42 | $1.45 |
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OPENPOOL
| Q1 26 | — | $1.1B | ||
| Q4 25 | $736.0M | $982.2M | ||
| Q3 25 | $915.0M | $1.5B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.1B | $987.5M | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.5B | $1.8B |
净利润OPENPOOL
| Q1 26 | — | $53.2M | ||
| Q4 25 | $-1.1B | $31.6M | ||
| Q3 25 | $-90.0M | $127.0M | ||
| Q2 25 | $-29.0M | $194.3M | ||
| Q1 25 | $-85.0M | $53.5M | ||
| Q4 24 | $-113.0M | $37.3M | ||
| Q3 24 | $-78.0M | $125.7M | ||
| Q2 24 | $-92.0M | $192.4M |
毛利率OPENPOOL
| Q1 26 | — | 29.0% | ||
| Q4 25 | 7.7% | 30.1% | ||
| Q3 25 | 7.2% | 29.6% | ||
| Q2 25 | 8.2% | 30.0% | ||
| Q1 25 | 8.6% | 29.2% | ||
| Q4 24 | 7.8% | 29.4% | ||
| Q3 24 | 7.6% | 29.1% | ||
| Q2 24 | 8.5% | 30.0% |
营业利润率OPENPOOL
| Q1 26 | — | 7.3% | ||
| Q4 25 | -20.4% | 5.3% | ||
| Q3 25 | -7.4% | 12.3% | ||
| Q2 25 | -0.8% | 15.3% | ||
| Q1 25 | -4.9% | 7.2% | ||
| Q4 24 | -8.7% | 6.1% | ||
| Q3 24 | -4.9% | 12.3% | ||
| Q2 24 | -4.8% | 15.3% |
净利率OPENPOOL
| Q1 26 | — | 4.7% | ||
| Q4 25 | -148.9% | 3.2% | ||
| Q3 25 | -9.8% | 8.8% | ||
| Q2 25 | -1.9% | 10.9% | ||
| Q1 25 | -7.4% | 5.0% | ||
| Q4 24 | -10.4% | 3.8% | ||
| Q3 24 | -5.7% | 8.8% | ||
| Q2 24 | -6.1% | 10.9% |
每股收益（稀释后）OPENPOOL
| Q1 26 | — | $1.45 | ||
| Q4 25 | $-1.42 | $0.86 | ||
| Q3 25 | $-0.12 | $3.40 | ||
| Q2 25 | $-0.04 | $5.17 | ||
| Q1 25 | $-0.12 | $1.42 | ||
| Q4 24 | $-0.16 | $1.00 | ||
| Q3 24 | $-0.11 | $3.27 | ||
| Q2 24 | $-0.13 | $4.99 |
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 | $64.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | — |
| 总资产 | $2.4B | $4.0B |
| 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OPENPOOL
| Q1 26 | — | $64.5M | ||
| Q4 25 | $962.0M | — | ||
| Q3 25 | $962.0M | — | ||
| Q2 25 | $789.0M | — | ||
| Q1 25 | $559.0M | — | ||
| Q4 24 | $679.0M | — | ||
| Q3 24 | $837.0M | — | ||
| Q2 24 | $809.0M | — |
总债务OPENPOOL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $879.1M | ||
| Q2 24 | — | $1.1B |
股东权益OPENPOOL
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $811.0M | $1.4B | ||
| Q2 25 | $631.0M | $1.3B | ||
| Q1 25 | $645.0M | $1.2B | ||
| Q4 24 | $713.0M | $1.3B | ||
| Q3 24 | $801.0M | $1.4B | ||
| Q2 24 | $845.0M | $1.4B |
总资产OPENPOOL
| Q1 26 | — | $4.0B | ||
| Q4 25 | $2.4B | $3.6B | ||
| Q3 25 | $2.7B | $3.5B | ||
| Q2 25 | $2.9B | $3.7B | ||
| Q1 25 | $3.3B | $3.7B | ||
| Q4 24 | $3.1B | $3.4B | ||
| Q3 24 | $3.4B | $3.4B | ||
| Q2 24 | $3.4B | $3.6B |
负债/权益比OPENPOOL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.76× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.75× |
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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $67.0M | — |
| 自由现金流率自由现金流/营收 | 9.1% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | — | 0.48× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流OPENPOOL
| Q1 26 | — | $25.7M | ||
| Q4 25 | $70.0M | $80.1M | ||
| Q3 25 | $435.0M | $287.3M | ||
| Q2 25 | $823.0M | $-28.8M | ||
| Q1 25 | $-279.0M | $27.2M | ||
| Q4 24 | $-80.0M | $170.6M | ||
| Q3 24 | $62.0M | $316.5M | ||
| Q2 24 | $-399.0M | $26.7M |
自由现金流OPENPOOL
| Q1 26 | — | — | ||
| Q4 25 | $67.0M | $71.9M | ||
| Q3 25 | $432.0M | $266.6M | ||
| Q2 25 | $821.0M | $-42.9M | ||
| Q1 25 | $-283.0M | $13.9M | ||
| Q4 24 | $-83.0M | $157.0M | ||
| Q3 24 | $56.0M | $305.5M | ||
| Q2 24 | $-407.0M | $8.8M |
自由现金流率OPENPOOL
| Q1 26 | — | — | ||
| Q4 25 | 9.1% | 7.3% | ||
| Q3 25 | 47.2% | 18.4% | ||
| Q2 25 | 52.4% | -2.4% | ||
| Q1 25 | -24.5% | 1.3% | ||
| Q4 24 | -7.7% | 15.9% | ||
| Q3 24 | 4.1% | 21.3% | ||
| Q2 24 | -26.9% | 0.5% |
资本支出强度OPENPOOL
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 0.8% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.1% | 0.8% | ||
| Q1 25 | 0.3% | 1.2% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | 0.4% | 0.8% | ||
| Q2 24 | 0.5% | 1.0% |
现金转化率OPENPOOL
| Q1 26 | — | 0.48× | ||
| Q4 25 | — | 2.54× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | -0.15× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 4.57× | ||
| Q3 24 | — | 2.52× | ||
| Q2 24 | — | 0.14× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
