Opendoor Technologies (OPEN) Return on Invested Capital [ROIC] (2020 - 2026)
Opendoor Technologies' Return on Invested Capital [ROIC] was -21.75% in Q3 2026, down 12.44 percentage points from -9.31% a year earlier and down 1.54 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 -0.22 percentage points (FY2021 to FY2024).
- In earlier years, Return on Invested Capital [ROIC] was -8.99% in FY2023 (+4.46 pp), -13.45% in FY2022 (-2.52 pp) and -10.93% in FY2021.
- The Q3 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 four straight quarters, with an average year-over-year change of -2.91 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 20.91 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 Q3 2026 was -20.21% (Q2 2026), -16.95% (Q1 2026) and -11.70% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 20.13 Bn | 19.12 Bn | 106.12 Mn | 33.44% |
| 2 | LandBridge | 5.63 Bn | 5.99 Bn | 69.80 Mn | 9.26% |
| 3 | Howard Hughes Holdings | 4.96 Bn | -3.82 Bn | 435.75 Mn | 3.74% |
| 4 | Millrose Properties | 3.99 Bn | 3.81 Bn | - | 7.53% |
| 5 | St Joe | 3.98 Bn | 3.49 Bn | 80.65 Mn | 11.38% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.31 Bn | 2.12 Bn | - | 5.18% |
| 7 | EagleRock Land | 2.77 Bn | 4.07 Bn | 39.50 Mn | -1.22% |
| 8 | Forestar | 1.14 Bn | 1.14 Bn | - | - |
| 9 | Opendoor Technologies | 1.11 Bn | -2.66 Bn | 38.00 Mn | -21.75% |
| 10 | Five Point Holdings | 664.60 Mn | 682.31 Mn | 7.10 Mn | -4.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -21.75% |
| Jun 30, 2026 | -20.21% |
| Mar 31, 2026 | -16.95% |
| Dec 31, 2025 | -11.70% |
| Sep 30, 2025 | -9.31% |
| 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 | -7.03% |
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();