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MARA Holdings, Inc. MARA

Nasdaq · stock · Finance Services · website · IPO 2014-07-28 · LEI

MARA Holdings, Inc. statistics & valuation

Market cap$5.5B
P / S6.1×
P / B1.6×
Net margin-144.6%
Return on equity-37.7%
FCF margin-133.4%
Net debt$3.1B
Enterprise value USD$8.6B
Earnings yield EBIT/EV-14.2%
Return on capital-18.1%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-78.30% -6030.10% -820.20% -296.70% -239.80% -18.70% -589.40% 67.40% 82.50% -144.60% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-42.50% -2729.60% -772.90% -357.70% -225.30% -1.90% -572.00% 57.00% 46.60% -135.00% 2016201720182019202020212022202320242025
Return on equity (%)
-424.10% -438.70% -96.40% -3.40% -4.30% -179.80% 16.20% 13.10% -37.70% 2016201720182019202020212022202320242025
Shares outstanding
15.2M 12.5M 12.8M 16.9M 163.9M 205.5M 291.1M 242.8M 340.3M 379.5M 2016201720182019202020212022202320242025
Net debt ($)
$12.8M -$13.2M -$1.6M $306143 $459.9M $678.5M -$31.7M $2.05B $3.05B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-156.70% -208.10% -246.70% -53.10% -3.30% -2.10% -58.10% 13.10% 8.00% -18.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
27.70% -2081.60% -863.40% -280.40% -585.60% -184.00% -184.80% -88.60% -141.40% -133.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.24× 0.34× 0.27× 1.06× 2.03× 0.20× 0.59× 1.04× 2016201720182019202020212022202320242025
EPS ($)
-$1.89 -$0.27 -$0.07 -$0.15 -$3.06 $1.06 $1.72 -$3.69 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-135.0%46.6%57.0%-572.0%-1.9%-225.3%-357.7%-772.9%-2729.6%-42.5%
Net margin-144.6%82.5%67.4%-589.4%-18.7%-239.8%-296.7%-820.2%-6030.1%-78.3%
FCF margin-133.4%-141.4%-88.6%-184.8%-184.0%-585.6%-280.4%-863.4%-2081.6%27.7%
Return on assets-18.0%8.0%13.1%-58.1%-2.1%-3.3%-53.1%-246.7%-208.1%-156.7%
Return on equity-37.7%13.1%16.2%-179.8%-4.3%-3.4%-96.4%-438.7%-424.1%308.7%
Debt / equity1.04×0.59×0.20×2.03×1.06×—0.27×0.34×0.24×-1.92×
Current ratio1.274.9430.5110.6360.82198.380.811.331.960.27

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.