Marathon Digital Holdings MARA Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | -201%-66.1pp | -135%-192pp | 57.4%+18.9pp | 38.5%+124pp | -85.8%-132pp | |
| Net margin | -235.1%-90.5pp | -144.6%-245pp | 100.8%+15.8pp | 85%+132pp | -46.7%-129pp | |
| EBITDA margin | -108.1%-58.3pp | -49.8%-175pp | 125.5%+16.9pp | 108.6%+123pp | -14.1%-126pp | |
| Free cash flow margin | -147.8%-14.4pp | -133.4%+10.3pp | -143.7%+11.0pp | -154.6%-0.8pp | -153.9%-12.5pp | |
| Returns | ||||||
| Return on equity | -68.5%-34.0pp | -34.5%-57.6pp | 23.1%+4.9pp | 18.3%+28.9pp | -10.6%-29.5pp | |
| Return on assets | -35.8%-17.2pp | -18.6%-33.2pp | 14.6%+2.0pp | 12.5%+19.5pp | -7%-19.3pp | |
| Return on invested capital | -34.8%-15.7pp | -19.2%-26.8pp | 7.6%+2.5pp | 5.1%+19.6pp | -14.5%-21.4pp | |
| Efficiency | ||||||
| Asset turnover | 0.2×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.2×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.8×+0.6× | 1.3×-0.8× | 2.1×+1.6× | 0.5×-0.3× | 0.8×-4.1× | |
| Quick ratio | 1.8×+0.6× | 1.3×-0.8× | 2.1×+1.6× | 0.5×-0.3× | 0.8×-4.1× | |
| Cash ratio | 1.6×+0.5× | 1×-0.8× | 1.8×+1.5× | 0.3×-0.3× | 0.6×-3.6× | |
| Leverage | ||||||
| Debt-to-equity | 1.1×+0.1× | 1.1×+0.4× | 0.6×+0.2× | 0.5×-0.1× | 0.6×0.0× | |
| Debt-to-assets | 0.5×0.0× | 0.5×+0.1× | 0.4×+0.1× | 0.3×-0.1× | 0.4×0.0× | |
| Interest coverage | -35.5×-10.2× | -25.3×-37.4× | 12.1×+2.8× | 9.3×+37.2× | -27.9×-51.4× | |
| Per Share | ||||||
| Book value per share | $5.87-39.9% | $9.77-10.9% | $10.97+1.0% | $10.87+0.4% | $10.82-18.2% | |
| Valuation | ||||||
| Market capitalization | $3.1B-8.6% | $3.4B-49.8% | $6.76B+29.2% | $5.24B+31.7% | $3.98B-30.1% | |
| Enterprise value | $5.04B-22.4% | $6.49B-29.6% | $9.22B+24.4% | $7.41B+21.4% | $6.11B-21.5% | |
| Price / sales | 3.6×-0.2× | 3.7×-3.6× | 7.4×+0.8× | 6.6×+0.9× | 5.6×-3.0× | |
| Price / book | 1.4×+0.4× | 1×-0.3× | 1.3×+0.2× | 1.1×0.0× | 1.1×-0.3× | |
| EV / sales | 5.8×-1.4× | 7.2×-2.9× | 10×+0.7× | 9.3×+0.6× | 8.7×-3.2× | |
| Free cash flow yield | -41.3%-5.7pp | -35.6%-16.1pp | -19.5%+4.1pp | -23.6%+3.7pp | -27.3%-11.0pp | |
| Earnings yield | -65.8%-27.1pp | -38.6%-52.3pp | 13.7%+0.7pp | 13%+21.2pp | -8.3%-17.8pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Marathon Digital Holdings's profit margins?
- Marathon Digital Holdings (MARA) runs a -24.3% gross margin and a -201.0% operating margin, with a -235.1% net margin.
- Where do Marathon Digital Holdings's ratios come from?
- Every ratio is computed from Marathon Digital Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.