Comparing Redfin, Zillow and OpenDoor

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

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
Website redfin.com zillow.com opendoor.com
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