Comparing Redfin, Zillow and OpenDoor

[ z  broker  redfin  ibuy  opendoor  open  imt  finance  rdfn  real-estate  zillow  ]

This post compares three stocks in estate: Redfin, Zillow and OpenDoor. I try to use the their 2020’s earning report for my analysis.

Disclaimer: I have stock holdings in Redfin.

Item Redfin Zillow OpenDoor
Founded 2006 (IPO in 2017) 2006 (IPO in 2011) 2014 (SPAC in 2020)
Head Quarter Seattle Seattle San Francisco
# Employees 4100 5500 900
Business Mode Broker, iBuyer, lender, title insurer, rent management iBuyer, lender, rent management iBuyer, lender
MAU 44M (+44% YoY) 201M (+16% YoY) N.A.
# Properties N.A. 135M  
IMT 95 markets N.A. N.A.
iBuyer 18 markets N.A. 31 markets
Rent Just starts in Seattle, Atlantic N.A. N.A.
Lender 56 markets N.A. N.A
Tick RDFN Z Open
Market Cap 6.8B 32.5B 10.6B
Stock Price 66.03 134.61 18.39
Stock Price 52 Wk Range 16.55~98.44 34.66~208.11 10.55~39.24
EPS -0.23 (begin to profit in Q4) -0.72 (begin to profit in Q4) -2.6862
Revenue 886M (+14% YoY) 3.33B (+22% YoY) 2.58B (-46% YoY)
Free Cash Flow 46M 315M 664M
Gross Profit Margin 26.2% 42% 15.4%
Written on April 18, 2021