Opendoor Technologies (OPEN) Return on Invested Capital [ROIC] (2020 - 2026)
Opendoor Technologies' Return on Invested Capital [ROIC] was -21.30% in Q2 2026, down 12.36 percentage points from -8.94% a year earlier and down 3.90 percentage points from the prior quarter.
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Analysis
Opendoor Technologies (OPEN) Return on Invested Capital [ROIC] (2020 - 2026) Analysis & Trends
For FY2024, Return on Invested Capital [ROIC] at Opendoor Technologies came in at -11.15%, down 2.16 percentage points from FY2023.
- Return on Invested Capital [ROIC] shows a three-year change of -0.21 percentage points (FY2021 to FY2024).
- In earlier years, Return on Invested Capital [ROIC] was -8.99% in FY2023 (+4.47 pp), -13.46% in FY2022 (-2.52 pp) and -10.95% in FY2021.
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q2 2023.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for three straight quarters, with an average year-over-year change of -1.30 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 21.13 percentage points); the worst was Q2 2023 (a drop of 32.20 percentage points).
- Per Business Quant data, OPEN's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was -17.40% (Q1 2026), -12.81% (Q4 2025) and -10.07% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.47 Bn | 22.30 Bn | - | 32.97% |
| 2 | LandBridge | 6.46 Bn | 6.80 Bn | 65.71 Mn | 9.06% |
| 3 | Eason Technology | 6.34 Bn | 6.34 Bn | - | - |
| 4 | Millrose Properties | 3.80 Bn | 3.80 Bn | - | - |
| 5 | St Joe | 3.73 Bn | 3.23 Bn | 73.42 Mn | - |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 5.60% |
| 7 | Opendoor Technologies | 2.36 Bn | -1.46 Bn | 86.00 Mn | -21.30% |
| 8 | Forestar | 1.31 Bn | -33.33 Mn | 84.10 Mn | - |
| 9 | Five Point Holdings | 674.47 Mn | 703.24 Mn | -23.72 Mn | - |
| 10 | Tejon Ranch | 442.61 Mn | 377.59 Mn | - | 0.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -21.30% |
| Mar 31, 2026 | -17.40% |
| Dec 31, 2025 | -12.81% |
| Sep 30, 2025 | -10.07% |
| Jun 30, 2025 | -8.94% |
| Mar 31, 2025 | -10.67% |
| Dec 31, 2024 | -11.49% |
| Sep 30, 2024 | -11.69% |
| Jun 30, 2024 | -12.10% |
| Mar 31, 2024 | -11.56% |
| Dec 31, 2023 | -11.97% |
| Sep 30, 2023 | -15.53% |
| Jun 30, 2023 | -32.46% |
| Mar 31, 2023 | -24.19% |
| Dec 31, 2022 | -13.26% |
| Sep 30, 2022 | -8.73% |
| Jun 30, 2022 | -0.26% |
| Mar 31, 2022 | -2.65% |
| Dec 31, 2021 | -7.04% |
| Sep 30, 2021 | -8.53% |
API Access
Opendoor Technologies Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=OPEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "OPEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=OPEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();