Liquidity Services vs OPENLANE
OPENLANE reported revenue of $1.9 billion in fiscal 2025, 4.1 times Liquidity Services' $477 million in fiscal 2025. Liquidity Services' revenue grew 31.2% in its latest year, and OPENLANE's grew 8.2%. Liquidity Services had an operating margin of 7.4%, against 10.2% at OPENLANE. Free cash flow was $59 million at Liquidity Services and $336 million at OPENLANE. Their fiscal years end in different months (September 30 and December 31), so the periods don't line up exactly.
Side by side
| Liquidity Services | OPENLANE | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $477M | $1.9B |
| Revenue growth | 31.2% | 8.2% |
| Revenue growth a year, last 5 years | 18.3% | 7.8% |
| Gross margin | 43.8% | — |
| Operating margin | 7.4% | 10.2% |
| Net margin | 5.9% | 9.2% |
| Free cash flow | $59M | $336M |
| Free cash flow margin | 12.4% | 17.4% |
| Return on capital | — | 11.8% |
| Net debt to EBITDA | — | 1.4x |
| Dividends and buybacks | $16M | $46M |
| Change in diluted share count | 2.5% | −2.1% |
| Last close | $43.64 | $34.35 |
| P/E at the last close | 42.8× | — |
| Insider trades, last 12 months | sold $14.1 million | bought $500,073, sold $283.7 million |
| Piotroski F-score | — | 7 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Liquidity ServicesOPENLANE
Operating margin
Percent of revenue
Liquidity ServicesOPENLANE
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Liquidity ServicesOPENLANE
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Liquidity Services and OPENLANE pages.