Marathon Digital Holdings (MARA) Key Ratios
$11.28
As on 04-Sep-2026 13:39EDT
Market cap
$4,122 Mln
Revenue (TTM)
$804 Mln
P/E Ratio
--
P/B Ratio
2.8
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 0.15 | -26.67 | 0.73 | 66.57 | 80.52 |
| EBIT | -142.89 | -158.71 | -394.32 | -387.81 | -337.87 |
| Net Profit | 51.62 | -175.23 | -608.27 | -290.03 | -351.22 |
| EPS | 51.78 | -187.17 | -945.51 | -199.31 | -294.19 |
| Book Value | -- | -- | -0.60 | 46.94 | 25.38 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 8.24 | -116.14 | -318.33 | -145.51 | 95.90 |
| Net Margin
| -- | -299.49 | -429.71 | -- | -- |
| Return on equity
| 3.48 | -25.38 | -134.50 | -34.51 | 18.84 |
| Return on Capital
| 3.45 | -9.55 | -- | -19.12 | 12.67 |
| Return on Assets
| 3.36 | -9.33 | -52.75 | -18.62 | 12.31 |
| Debt to Equity (x)
| -- | -- | 1.16 | 1.05 | 0.60 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
--
|
-19.12
|
12.67
|
16.79
|
-53.78
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-134.50
Lower than Peers by 140.83
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
-134.50
|
-34.51
|
18.84
|
26.09
|
-129.85
|
|
Peer Median
|
6.34
|
--
|
--
|
--
|
--
|
ROA
-52.75
Lower than Peers by 54.41
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
-52.75
|
-18.62
|
12.31
|
16.39
|
-52.51
|
|
Peer Median
|
1.66
|
--
|
--
|
--
|
--
|
EBIT Margin
-318.33
Lower than Peers by 323.04
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
-318.33
|
-145.51
|
95.90
|
74.31
|
-597.24
|
|
Peer Median
|
4.71
|
--
|
--
|
--
|
--
|
Net Margin
-429.71
Lower than Peers by 436.20
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
-429.71
|
-144.58
|
82.46
|
67.40
|
-583.04
|
|
Peer Median
|
6.49
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
0.73
Lower than Peers by 36.04
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
0.73
|
0.38
|
0.69
|
2.29
|
-0.26
|
|
Peer Median
|
36.77
|
--
|
--
|
--
|
--
|
EBIT Growth
-394.32
Lower than Peers by 422.30
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
-394.32
|
-309.67
|
118.61
|
140.94
|
-5,330.68
|
|
Peer Median
|
27.98
|
--
|
--
|
--
|
--
|
Net Profit Growth
-608.27
Lower than Peers by 649.09
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
-608.27
|
-342.30
|
107.24
|
137.63
|
-1,770.88
|
|
Peer Median
|
40.82
|
--
|
--
|
--
|
--
|
EPS Growth
-945.51
Lower than Peers by 1,033.34
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
-945.51
|
-3.86
|
0.15
|
1.20
|
-14.33
|
|
Peer Median
|
87.83
|
--
|
--
|
--
|
--
|
Book Value Growth
-59.95
Lower than Peers by 75.50
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
-59.95
|
--
|
--
|
--
|
--
|
|
Peer Median
|
15.55
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
1.16
Higher than Peers by 0.87
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
1.16
|
1.05
|
0.60
|
0.20
|
2.03
|
|
Peer Median
|
0.30
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.29
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
0.29
|
0.12
|
0.00
|
0.00
|
0.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.89
Lower than Peers by 1.13
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
0.89
|
1.27
|
4.94
|
30.51
|
10.63
|
|
Peer Median
|
2.03
|
--
|
--
|
--
|
--
|
Quick Ratio
0.89
Lower than Peers by 0.98
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
0.89
|
--
|
4.97
|
30.09
|
10.20
|
|
Peer Median
|
1.87
|
--
|
--
|
--
|
--
|
Interest Coverage
-84.38
Lower than Peers by 90.68
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
-84.38
|
-27.28
|
48.44
|
27.82
|
-46.94
|
|
Peer Median
|
6.29
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
3.42
Lower than Peers by 9.01
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
3.42
|
2.04
|
0.97
|
0.54
|
0.02
|
|
Peer Median
|
12.43
|
--
|
--
|
--
|
--
|
Asset Turnover
0.12
Lower than Peers by 0.10
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
0.12
|
0.13
|
0.15
|
0.24
|
0.09
|
|
Peer Median
|
0.22
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
--
|
5.01
|
2.35
|
0.99
|
46.56
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
--
|
-0.67
|
2.62
|
11.48
|
55.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
--
|
3.42
|
5.35
|
5.74
|
17.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
--
|
0.92
|
-0.38
|
6.73
|
84.39
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
--
|
-2.43
|
13.32
|
21.01
|
-0.62
|
|
Peer Median
|
53.08
|
--
|
--
|
--
|
--
|
Price / Book Value
2.76
Lower than Peers by 1.69
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
2.76
|
0.92
|
1.75
|
3.40
|
1.11
|
|
Peer Median
|
4.45
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
3.31
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
3.31
|
-11.49
|
8.79
|
10.30
|
-1.58
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
4,122
Higher than Peers by 3,401
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Marathon Digital Holdings (MARA)
|
4,122
|
--
|
--
|
--
|
--
|
|
Peer Median
|
720
|
--
|
--
|
--
|
--
|