Marathon Digital Holdings MARA Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | -201%-115pp | -135%-182pp | 57.4%+32.3pp | 38.5%-4.4pp | -85.8%-179pp | |
| Net margin | -235.1%-188pp | -144.6%-227pp | 100.8%+73.3pp | 85%+33.8pp | -46.7%-142pp | |
| EBITDA margin | -108.1%-94.0pp | -49.8%-162pp | 125.5%+39.2pp | 108.6%+9.2pp | -14.1%-157pp | |
| Free cash flow margin | -147.8%+6.1pp | -133.4%+8.0pp | -143.7%-56.7pp | -154.6%-82.6pp | -153.9%-87.7pp | |
| Returns | ||||||
| Return on equity | -68.5%-57.9pp | -34.5%-53.4pp | 23.1%+14.6pp | 18.3%+0.4pp | -10.6%-42.4pp | |
| Return on assets | -35.8%-28.8pp | -18.6%-30.9pp | 14.6%+7.9pp | 12.5%-0.3pp | -7%-29.5pp | |
| Return on invested capital | -34.8%-20.3pp | -19.2%-26.0pp | 7.6%+0.7pp | 5.1%-6.3pp | -14.5%-37.6pp | |
| Efficiency | ||||||
| Asset turnover | 0.2×0.0× | 0.1×0.0× | 0.1×-0.1× | 0.1×-0.1× | 0.2×-0.1× | |
| Liquidity | ||||||
| Current ratio | 1.8×+1.1× | 1.3×-3.7× | 2.1×-1.9× | 0.5×-3.2× | 0.8×-22.3× | |
| Quick ratio | 1.8×+1.1× | 1.3×-3.7× | 2.1×-1.9× | 0.5×-3.2× | 0.8×-22.3× | |
| Cash ratio | 1.6×+1.0× | 1×-3.1× | 1.8×-1.1× | 0.3×-2.4× | 0.6×-4.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.1×+0.5× | 1.1×+0.5× | 0.6×+0.4× | 0.5×+0.4× | 0.6×+0.5× | |
| Debt-to-assets | 0.5×+0.1× | 0.5×+0.1× | 0.4×+0.2× | 0.3×+0.2× | 0.4×+0.2× | |
| Interest coverage | -35.5×-7.6× | -25.3×-48.9× | 12.1×-12.2× | 9.3×-28.7× | -27.9×-87.6× | |
| Per Share | ||||||
| Book value per share | $5.87-45.8% | $9.77-26.2% | $10.97+13.3% | $10.87+14.6% | $10.82+17.1% | |
| Valuation | ||||||
| Market capitalization | $3.1B-22.0% | $3.4B-40.3% | $6.76B+41.6% | $5.24B-6.7% | $3.98B-34.2% | |
| Enterprise value | $5.04B-17.4% | $6.49B-16.5% | $9.22B+76.1% | $7.41B+30.3% | $6.11B+0.8% | |
| Price / sales | 3.6×-2.1× | 3.7×-4.9× | 7.4×-0.6× | 6.6×-3.4× | 5.6×-6.4× | |
| Price / book | 1.4×+0.3× | 1×-0.4× | 1.3×-0.4× | 1.1×-1.0× | 1.1×-1.4× | |
| EV / sales | 5.8×-2.9× | 7.2×-4.7× | 10×+1.3× | 9.3×-0.8× | 8.7×-3.4× | |
| Free cash flow yield | -41.3%-14.1pp | -35.6%-19.3pp | -19.5%-8.6pp | -23.6%-16.3pp | -27.3%-21.8pp | |
| Earnings yield | -65.8%-57.5pp | -38.6%-48.1pp | 13.7%+10.3pp | 13%+7.8pp | -8.3%-16.2pp |
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.