OPEN vs ARL vs TPL Stock Comparison

Opendoor Technologies, American Realty Investors and Texas Pacific Land Prices as of Oct 26, 2026 Peers: Industry group
TPL Texas Pacific Land Corp
$333.15 -2.3% 1M +7.6% 1Y
Market cap
$22.76B
P/E
42.0x
Revenue (TTM)
$897.54M
Div. yield
–
Real Estate Operators Real Estate
8 wins

Head to Head

10 decided of 12

Texas Pacific Land leads on 8 of the 12 questions below (Texas Pacific Land 8, American Realty Investors 1, Opendoor Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionOPENARLTPLLeader
Larger companyMarket capitalisation $1.81B $269.50M $22.76B TPL
Cheaper on earningsLower P/E, profitable companies only -1.2x 32.3x 42.0x ARL
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 34.0x –
Faster revenue growthRevenue growth, trailing twelve months -37.2% +6.8% +20.8% TPL
More profitableNet margin, trailing twelve months -46.7% 16.4% 60.3% TPL
Better return on capitalReturn on invested capital -20.2% -0.9% 33.0% TPL
Less leveragedLower net debt / EBITDA -2.2x 28.6x — OPEN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -75.8% +4.3% +7.6% TPL
Better 5-year returnAnnualised price return, 5 years -39.6%/yr +5.8%/yr +19.3%/yr TPL
Less volatileAnnualised volatility, 1 year 79.4% 60.3% 49.0% TPL
Higher overall scoreMean of the five percentile scores vs peers 12/100 46/100 59/100 TPL

Percentile Scorecard

OPENARLTPL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisOPENARLTPL
Valuation 0 #39 of 39 42 #23 of 39 21 #31 of 39
Growth 19 #27 of 33 50 #17 of 33 38 #21 of 33
Profitability 17 #25 of 30 38 #19 of 30 100 #1 of 30
Financial Health 22 #30 of 38 54 #18 of 38 97 #2 of 38
Shareholder Returns 0 #14 of 14 – 39 #9 of 14
Overall 12 46 59
  • OPEN ranked among 42 companies in Property Developers
  • ARL ranked among 42 companies in Property Developers
  • TPL ranked among 42 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodOPENARLTPLSPY
1 month -24.9%-1.6%-2.3% -0.8%
3 months -49.9%+7.1%-16.0% +3.5%
6 months -64.2%+11.1%-23.7% +7.0%
Year to date -66.9%+0.1%+16.0% +12.2%
1 year -75.8%+4.3%+7.6% +13.0%
3 years -7.2%+33.8%+64.8% +86.3%
3 years, per year -2.5%+10.2%+18.1% +23.1%
5 years -91.9%+32.6%+141.2% +68.6%
5 years, per year -39.6%+5.8%+19.3% +11.0%
10 years —+149.9%+941.1% +258.0%
10 years, per year —+9.6%+26.4% +13.6%

Risk

MeasureOPENARLTPLSPY
Volatility, 1Y 79.4%60.3%49.0% 12.7%
Downside volatility, 1Y 81.0%53.4%50.5% 12.7%
Beta vs S&P 500, 1Y 3.020.870.40 1.00
Return / volatility, 1Y -0.950.070.16 1.02
Max drawdown, 5Y -97.9%-66.1%-52.8% -25.4%
From 52-week high -79.4%-31.4%-38.3% -1.8%
52-week high $9.37$23.44$539.79 $779.14
52-week low $1.93$13.03$273.56 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleOPENARLTPL
P/E now vs peer median -1.2xmedian 7.8x 31.1xmedian 7.8x 42.4xmedian 7.8x
P/S now vs peer median 0.6xmedian 4.9x 5.1xmedian 4.9x 25.6xmedian 4.9x
EV/EBITDA now vs peer median -6.1xmedian 11.2x 84.0xmedian 11.2x 30.7xmedian 11.2x
P/FCF now vs peer median -3.9xmedian 6.4x -7.5xmedian 6.4x -350.2xmedian 6.4x
P/B now vs peer median 2.0xmedian 0.6x 0.3xmedian 0.6x 13.7xmedian 0.6x
PEG now vs peer median -0.13median 0.33 -0.44median 0.33 4.60median 0.33

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsOPENARLTPL
Revenue $3.25B $51.05M $897.54M
Gross profit $281.00M – –
Operating income -$521.00M -$9.34M $672.48M
Net income -$1.52B $8.12M $541.42M
Free cash flow -$474.00M -$34.41M -$65.61M
R&D $88.00M – –
EPS (diluted) $-1.57 $0.52 $7.84
Cash & equivalents $896.00M $10.85M $248.61M
Total debt $1.96B $218.03M –
Shares (diluted) 965.78M 16.15M 69.03M
Enterprise value -$2.01B -$74.95M $21.58B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricOPENARLTPL
P/E -1.2x 31.1x 42.4x
P/FCF -3.9x -7.5x -350.2x
P/Operating cash flow -4.1x 79.9x 38.1x
P/S 0.6x 5.1x 25.6x
P/B 2.0x 0.3x 13.7x
P/Tangible book 2.0x 0.3x 14.0x
EV/EBITDA -6.1x 84.0x 30.7x
EV/EBIT -5.6x -42.1x 33.8x
EV/Revenue 0.9x 7.7x 25.3x
EV/FCF -6.2x -11.4x -346.4x
EV/Operating cash flow -6.4x 121.0x 37.7x
PEG (3Y EPS CAGR) -0.13 -0.44 4.60

Growth

14 metrics
MetricOPENARLTPL
Revenue growth (1Y) -37.2% 6.8% 20.8%
Revenue CAGR (3Y) -34.0% 3.9% 11.3%
Gross profit growth (1Y) -32.6% – –
Gross profit CAGR (3Y) 115.6% – –
Operating income growth (1Y) -126.5% -64.7% 19.3%
Operating income CAGR (3Y) 25.8% -2.5% 9.5%
Net income growth (1Y) -398.7% 168.6% 17.3%
Net income CAGR (3Y) -2.7% -71.5% 9.1%
EPS growth (1Y) -276.7% 170.6% 17.3%
EPS CAGR (3Y) 9.2% -71.2% 9.2%
Operating cash flow growth (1Y) -187.3% 125.8% 15.4%
Operating cash flow CAGR (3Y) -28.3% 27.5% 10.2%
Free cash flow growth (1Y) -192.8% 68.4% -176.9%
Free cash flow CAGR (3Y) -28.4% 17.6% -29.3%

Profitability

14 metrics
MetricOPENARLTPL
Gross margin 8.6% – –
EBITDA margin -14.8% 9.2% 82.5%
Operating margin -16.0% -18.3% 74.9%
Pretax margin -46.7% -8.7% 76.2%
Net margin -46.7% 16.4% 60.3%
FCF margin -14.6% -67.4% -7.3%
Operating cash flow margin -14.1% 6.4% 67.2%
Return on equity -162.9% 1.2% 33.5%
Return on assets -57.3% 0.9% 30.0%
Return on invested capital -20.2% -0.9% 33.0%
Return on capital employed -30.9% – 39.3%
Asset turnover 1.2x 0.0x 0.5x
Cash conversion (OCF / net income) 0.3x 0.4x 1.1x
Stock comp / revenue 11.4% – 1.9%

Financial Health

11 metrics
MetricOPENARLTPL
Debt / assets 66.1% 20.0% –
Debt / equity 2.1x 0.3x –
Net debt / EBITDA -2.2x 28.6x –
Debt / FCF -4.1x -6.3x –
Liabilities / assets 69.1% 25.4% 10.1%
Equity / assets 30.9% 74.6% 89.9%
Interest coverage -4.6x -1.0x 342.2x
Current ratio 2.9x – 4.6x
Quick ratio 0.9x – 4.5x
Cash ratio 0.9x – 2.6x
Altman Z-score -0.71 – 76.94

Shareholder Returns

7 metrics
MetricOPENARLTPL
Dividend yield – – 0.7%
Net buyback yield -13.1% – 0.0%
Shareholder yield -13.1% 0.0% 0.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusOPENARLTPL
Forward P/E – – 34.0xFY2026
EPS, next fiscal year $-0.61FY2026 – $9.79FY2026
EPS growth, next FY – – +40.5%FY2026
EPS growth, the year after – – -1.3%
Revenue, next fiscal year $3.69BFY2026 – $976.77MFY2026
Revenue growth, next FY -15.5%FY2026 – +22.4%FY2026
Revenue growth, the year after +102.2% – +25.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersOPENARLTPL
Held by institutions 57.7% 3.4% 72.9%
Institutions holding 393 42 868
Change in shares held, QoQ +18.5% +15.7% +0.5%
Institutions buying 227 18 440
Institutions selling 83 12 276
Buyers to sellers 2.73 1.50 1.59

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

OPENARLTPL
OPEN 1.00 0.12 0.16
ARL 0.12 1.00 0.05
TPL 0.16 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, OPEN, ARL and TPL?

Texas Pacific Land (TPL) is the largest by market capitalisation: Opendoor Technologies (OPEN) $1.81B, American Realty Investors (ARL) $269.50M, Texas Pacific Land (TPL) $22.76B.

Which stock is cheaper, OPEN, ARL and TPL?

American Realty Investors (ARL) trades on the lowest price-to-earnings ratio (Opendoor Technologies (OPEN) -1.2x, American Realty Investors (ARL) 32.3x, Texas Pacific Land (TPL) 42.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Texas Pacific Land (TPL) grew revenue fastest over the trailing twelve months: Opendoor Technologies (OPEN) -37.2%, American Realty Investors (ARL) +6.8%, Texas Pacific Land (TPL) +20.8%.

Which company is more profitable?

Texas Pacific Land (TPL) has the highest net margin (Opendoor Technologies (OPEN) -46.7%, American Realty Investors (ARL) 16.4%, Texas Pacific Land (TPL) 60.3%). On return on invested capital, Texas Pacific Land (TPL) leads (Opendoor Technologies (OPEN) -20.2%, American Realty Investors (ARL) -0.9%, Texas Pacific Land (TPL) 33.0%).

Which stock has performed better?

Over the past year Texas Pacific Land (TPL) returned the most: Opendoor Technologies (OPEN) -75.8%, American Realty Investors (ARL) +4.3%, Texas Pacific Land (TPL) +7.6%. Over five years, Texas Pacific Land (TPL) compounded fastest (Opendoor Technologies (OPEN) -39.6%/yr, American Realty Investors (ARL) +5.8%/yr, Texas Pacific Land (TPL) +19.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Texas Pacific Land (TPL) has been the steadiest (Opendoor Technologies (OPEN) 79.4%, American Realty Investors (ARL) 60.3%, Texas Pacific Land (TPL) 49.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, OPEN, ARL and TPL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Texas Pacific Land (TPL) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.