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MARA (MARA) Financials

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$16.44 +1.71 (+11.61%)
Closing price 05/27/2025 04:00 PM Eastern
Extended Trading
$16.25 -0.19 (-1.16%)
As of 05:55 AM Eastern
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Annual Income Statements for MARA

Annual Income Statements for MARA

This table shows MARA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
541 259 -694 -30 -10 -3.52 -13 -50 -29 -17
Consolidated Net Income / (Loss)
541 261 -694 -30 -10 -3.52 -13 -50 -29 -17
Net Income / (Loss) Continuing Operations
541 261 -694 -30 -10 -3.52 -13 -50 -29 -17
Total Pre-Tax Income
617 278 -718 -4.85 -10 -3.52 -13 -31 -17 -25
Total Operating Income
306 221 -674 -2.99 -9.82 -4.24 -12 -14 -16 -26
Total Gross Profit
-159 -15 -34 117 -2.56 -0.29 -3.77 -7.83 4.63 -3.05
Total Revenue
656 388 118 159 4.36 1.19 1.56 0.00 37 19
Operating Revenue
656 388 118 159 4.36 1.19 1.56 - 37 19
Total Cost of Revenue
816 403 151 42 6.92 1.48 5.34 7.83 32 22
Operating Cost of Revenue
816 403 151 42 6.92 1.48 5.34 7.83 32 22
Total Operating Expenses
-465 -236 640 120 7.26 3.95 8.30 6.33 20 23
Selling, General & Admin Expense
272 92 57 174 6.40 0.89 2.59 3.63 2.64 6.02
Research & Development Expense
13 2.81 0.10 - - - - - - -
Amortization Expense
23 0.00 0.00 - - - - - - 11
Other Operating Expenses / (Income)
-812 -331 126 0.00 -0.02 2.61 3.49 - 1.28 -
Impairment Charge
0.00 0.00 541 22 0.87 0.45 2.22 2.70 16 5.79
Other Special Charges / (Income)
38 0.00 -84 -77 0.00 - - - - -
Total Other Income / (Expense), net
310 57 -45 -1.86 -0.63 0.72 -0.67 -35 -1.73 0.58
Interest Expense
-0.13 -72 15 1.57 0.02 -0.13 2.26 7.84 3.14 5.66
Interest & Investment Income
19 2.19 -30 0.00 0.00 0.03 0.01 0.00 0.00 0.00
Other Income / (Expense), net
291 -17 0.26 -0.29 -0.61 0.56 1.58 -28 1.41 6.25
Income Tax Expense
75 16 -24 25 0.00 0.00 0.07 -0.10 12 -8.16
Preferred Stock Dividends Declared
0.00 2.12 0.00 0.00 - - - - - -
Net Income / (Loss) Attributable to Noncontrolling Interest
-0.25 0.00 0.00 - - - - - -0.16 0.00
Basic Earnings per Share
$1.87 $1.41 ($6.12) ($0.30) ($0.13) ($0.53) ($2.41) ($4.80) ($7.55) -
Weighted Average Basic Shares Outstanding
289.96M 183.86M 113.47M 99.34M 81.41M 6.66M 5.32M 6.52M 3.79M 14.21M
Diluted Earnings per Share
$1.72 $1.06 ($6.12) ($0.30) - ($0.53) ($2.41) ($4.80) ($7.55) -
Weighted Average Diluted Shares Outstanding
311.84M 192.29M 113.47M 99.34M 81.41M 6.66M 5.32M 6.52M 3.79M 14.21M
Weighted Average Basic & Diluted Shares Outstanding
345.82M 267.64M 167.25M 99.34M 81.41M 6.66M 5.32M 6.52M 3.79M 14.21M

Quarterly Income Statements for MARA

This table shows MARA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-533 529 -125 -200 337 152 -0.39 -11 119 -409 -72
Consolidated Net Income / (Loss)
-533 528 -125 -200 337 152 -0.39 -8.96 119 -392 -72
Net Income / (Loss) Continuing Operations
-533 528 -125 -200 337 152 -0.39 -8.96 119 -392 -72
Total Pre-Tax Income
-653 647 -174 -231 375 168 -0.32 -8.76 119 -415 -79
Total Operating Income
-541 341 -172 -232 370 185 -80 -6.07 122 -411 -44
Total Gross Profit
-312 -53 -67 -37 -3.01 11 -15 -11 0.02 -15 -27
Total Revenue
214 214 132 145 165 157 98 82 51 28 13
Operating Revenue
214 214 132 145 165 157 98 82 51 28 13
Total Cost of Revenue
526 267 199 182 168 146 113 92 51 44 40
Operating Cost of Revenue
526 267 199 182 168 146 113 92 51 44 40
Total Operating Expenses
256 -394 105 196 -373 -174 65 -4.67 -122 396 17
Selling, General & Admin Expense
86 78 64 57 73 38 19 20 15 19 12
Research & Development Expense
9.30 4.11 2.81 3.85 2.47 1.24 0.71 0.65 0.21 - -
Depreciation Expense
158 - - - - - - - - - -
Other Operating Expenses / (Income)
3.10 -965 28 110 15 -351 45 -25 0.00 16 25
Other Special Charges / (Income)
0.00 489 10 5.66 -467 137 0.00 0.00 -137 -14 -30
Total Other Income / (Expense), net
-85 304 -1.73 2.45 5.52 -17 80 -2.69 -3.30 -4.00 -35
Interest Expense
9.94 -3.72 2.34 0.00 1.26 1.21 -80 2.84 4.09 4.67 3.75
Interest & Investment Income
12 9.95 0.76 2.24 6.50 2.30 -0.22 0.12 0.00 - -31
Other Income / (Expense), net
-87 290 -0.15 0.21 0.28 -18 0.00 0.03 0.79 -0.36 0.24
Income Tax Expense
-119 118 -49 -32 38 16 0.07 0.20 0.08 -23 -6.09
Net Income / (Loss) Attributable to Noncontrolling Interest
-0.24 - - - - - - - - - -
Basic Earnings per Share
($1.55) $1.71 ($0.42) ($0.72) $1.30 $0.73 $0.00 ($0.07) $0.75 ($3.39) ($0.62)
Weighted Average Basic Shares Outstanding
344.10M 289.96M 294.94M 278.67M 259.10M 183.86M 179.60M 168.47M 159.19M 113.47M 116.53M
Diluted Earnings per Share
($1.55) $1.60 ($0.42) ($0.72) $1.26 $0.75 ($0.34) ($0.07) $0.72 ($3.39) ($0.62)
Weighted Average Diluted Shares Outstanding
344.10M 311.84M 294.94M 278.67M 267.91M 192.29M 183.74M 168.47M 169.00M 113.47M 116.53M
Weighted Average Basic & Diluted Shares Outstanding
351.93M 345.82M 321.83M 294.47M 272.96M 267.64M 222.63M 174.27M 167.40M 167.25M 116.84M

Annual Cash Flow Statements for MARA

This table details how cash moves in and out of MARA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
46 245 -156 127 141 -1.86 -12 9.95 2.44 -2.53
Net Cash From Operating Activities
-677 -316 -176 -19 -7.77 -3.32 -8.24 -11 10 -2.96
Net Cash From Continuing Operating Activities
-677 -316 -176 -19 -7.77 -3.32 -8.24 1.47 10 -2.96
Net Income / (Loss) Continuing Operations
541 261 -694 -30 -10 -3.52 -13 -31 -29 -17
Consolidated Net Income / (Loss)
541 261 -694 -30 -10 -3.52 -13 -31 -29 -17
Depreciation Expense
404 180 79 15 3.06 0.92 2.00 0.03 0.00 0.01
Amortization Expense
26 3.17 27 0.00 0.00 0.15 2.36 5.39 7.45 11
Non-Cash Adjustments To Reconcile Net Income
-924 -749 615 107 -1.01 -0.37 3.46 30 21 14
Changes in Operating Assets and Liabilities, net
-723 -11 -203 -111 0.62 -0.50 -3.25 -2.11 10 -11
Net Cash From Investing Activities
-3,229 4.60 -390 -891 -81 1.21 -4.16 -0.01 -3.69 -0.06
Net Cash From Continuing Investing Activities
-3,229 4.60 -390 -891 -81 1.21 -4.16 -0.01 -3.69 -0.06
Purchase of Property, Plant & Equipment
-251 -28 -41 -274 -18 -0.01 -5.25 -0.01 -0.01 -0.06
Acquisitions
-360 -72 -0.50 0.00 0.00 - -0.25 0.00 -3.68 0.00
Purchase of Investments
-9.96 0.00 -44 -153 0.00 0.00 - - - -
Sale of Property, Plant & Equipment
3.51 0.00 178 0.00 0.00 - - - - -
Other Investing Activities, net
-2,612 104 -483 -464 -64 1.22 1.34 - 0.00 -
Net Cash From Financing Activities
3,953 556 411 1,037 230 0.25 0.00 20 -4.01 0.51
Net Cash From Continuing Financing Activities
3,953 556 411 1,037 230 0.25 0.00 20 -4.01 0.51
Repayment of Debt
-48 -50 -120 -78 0.00 0.00 - -1.27 -8.71 -16
Repurchase of Preferred Equity
0.00 -16 0.00 0.00 - - - - - -
Repurchase of Common Equity
-35 0.00 0.00 - - -0.01 0.00 - - -
Issuance of Debt
2,179 0.00 169 806 0.06 0.00 - 5.49 0.00 20
Issuance of Preferred Equity
0.00 14 0.00 0.00 - - - - - -
Issuance of Common Equity
1,859 608 361 312 223 0.26 0.00 16 4.65 0.00
Other Financing Activities, net
-2.55 -0.38 -0.08 -3.27 6.74 0.00 - 0.14 0.05 -2.84

Quarterly Cash Flow Statements for MARA

This table details how cash moves in and out of MARA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-196 228 -92 -56 -33 256 -27 3.08 12 48 -25
Net Cash From Operating Activities
-215 -313 -160 -115 -88 -91 -82 -51 -91 -93 -43
Net Cash From Continuing Operating Activities
-215 -313 -160 -115 -88 -91 -82 -51 -91 -93 -43
Net Income / (Loss) Continuing Operations
-533 528 -125 -200 337 152 -0.39 -8.96 119 -392 -73
Consolidated Net Income / (Loss)
-533 528 -125 -200 337 152 -0.39 -8.96 119 -392 -73
Depreciation Expense
158 137 101 88 78 71 54 37 18 14 26
Non-Cash Adjustments To Reconcile Net Income
549 -691 5.74 176 -415 -564 -32 -21 -132 451 23
Changes in Operating Assets and Liabilities, net
-389 -289 -143 -199 -92 249 -103 -60 -97 -167 -28
Net Cash From Investing Activities
-210 -1,997 -538 -278 -417 4.97 34 -25 -9.38 -22 -34
Net Cash From Continuing Investing Activities
-210 -1,997 -538 -278 -417 4.97 34 -25 -9.38 -22 -34
Purchase of Property, Plant & Equipment
-39 -187 -38 -17 -9.09 -1.80 -2.50 -6.05 -17 -21 -6.08
Acquisitions
-39 -62 -8.31 -103 -187 -5.04 -4.03 -20 -43 - -
Purchase of Investments
-19 0.00 -1.96 -0.01 -8.00 - - - 0.00 - -30
Sale of Property, Plant & Equipment
3.47 1.31 - - - - - - - 1.00 90
Other Investing Activities, net
-116 -1,750 -492 -158 -213 12 40 1.01 51 -1.38 -88
Net Cash From Financing Activities
230 2,538 606 337 472 342 21 79 113 163 52
Net Cash From Continuing Financing Activities
230 2,538 606 337 472 342 21 79 113 163 52
Repurchase of Common Equity
-20 -5.89 -5.85 -6.58 -17 - - - 0.00 - -
Issuance of Debt
150 1,887 - - - - - - - 120 -
Issuance of Common Equity
100 704 321 345 489 343 37 66 163 163 38
Other Financing Activities, net
0.00 0.13 -0.52 -1.28 -0.87 -0.28 0.09 -0.11 -0.08 -0.03 -0.01

Annual Balance Sheets for MARA

This table presents MARA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
6,801 1,991 1,195 1,444 313 6.62 5.19 15 18 47
Total Current Assets
470 1,030 278 684 286 1.49 3.02 15 5.52 4.78
Cash & Equivalents
392 357 104 269 141 0.69 2.55 15 5.00 2.56
Restricted Cash
12 0.00 8.80 0.00 0.00 - - - - -
Accounts Receivable
6.35 0.00 0.02 27 75 0.00 - 0.01 0.10 0.14
Prepaid Expenses
36 26 41 35 2.40 0.80 0.46 0.09 0.43 0.34
Other Current Assets
25 647 165 354 68 0.00 0.00 - - 1.75
Plant, Property, & Equipment, net
1,549 672 273 276 17 3.75 1.03 0.01 0.03 0.06
Total Noncurrent Assets
4,781 289 604 484 9.62 1.37 1.14 0.00 13 42
Goodwill
83 0.00 - - - - - - 0.22 4.48
Intangible Assets
2.71 0.00 - 0.93 1.00 1.07 1.14 0.00 12 25
Other Noncurrent Operating Assets
4,696 289 604 483 8.62 0.30 0.00 - 0.20 0.01
Total Liabilities & Shareholders' Equity
6,801 1,991 1,195 1,444 313 6.62 5.19 15 18 47
Total Liabilities
2,665 375 809 762 1.51 2.97 2.27 7.67 28 35
Total Current Liabilities
95 34 26 11 1.44 1.85 2.27 7.67 20 17
Accounts Payable
13 11 1.31 7.77 1.00 1.24 1.24 1.96 7.22 6.53
Accrued Expenses
77 22 22 2.61 - - - - - -
Other Current Liabilities
5.75 0.12 1.50 0.00 0.44 0.61 0.04 3.94 0.00 -
Total Noncurrent Liabilities
2,570 341 783 751 0.06 1.12 0.00 0.00 7.11 18
Long-Term Debt
2,447 326 782 728 0.06 1.00 0.00 - 4.67 12
Capital Lease Obligations
23 0.00 - - - - - - - -
Noncurrent Deferred & Payable Income Tax Liabilities
89 15 0.00 23 0.00 - - - - 1.04
Other Noncurrent Operating Liabilities
12 0.35 1.02 0.00 - 0.12 0.00 - 1.44 3.33
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
Total Equity & Noncontrolling Interests
4,136 1,616 386 682 312 3.65 2.92 7.39 -9.29 13
Total Preferred & Common Equity
4,129 1,616 386 682 312 3.65 2.92 7.39 -9.12 13
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
4,129 1,616 386 682 312 3.65 2.92 7.39 -9.12 13
Common Stock
4,155 2,184 1,226 836 428 110 105 97 50 43
Retained Earnings
-26 -568 -840 -154 -116 -106 -102 -89 -58 -29
Noncontrolling Interest
6.91 0.00 - - - - - - -0.16 0.00

Quarterly Balance Sheets for MARA

This table presents MARA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
6,444 3,580 3,117 2,957 1,384 1,373 1,304 1,476
Total Current Assets
292 239 372 1,641 433 422 386 240
Cash & Equivalents
196 164 256 324 101 114 125 55
Restricted Cash
12 12 12 - 0.00 14 0.00 80
Accounts Receivable
8.63 2.79 19 8.37 1.19 0.76 0.17 -
Prepaid Expenses
28 17 28 33 36 52 60 26
Other Current Assets
47 44 57 1,276 294 242 201 176
Plant, Property, & Equipment, net
1,566 1,092 930 802 742 784 715 404
Total Noncurrent Assets
4,587 2,249 1,816 506 209 167 203 735
Goodwill
83 45 45 31 - - - -
Intangible Assets
2.43 1.98 2.19 22 - - - 0.00
Noncurrent Deferred & Refundable Income Taxes
24 29 - - - - - -
Other Noncurrent Operating Assets
4,478 2,173 1,768 454 209 167 203 735
Total Liabilities & Shareholders' Equity
6,444 3,580 3,117 2,957 1,384 1,373 1,304 1,476
Total Liabilities
2,716 725 475 480 364 763 758 851
Total Current Liabilities
368 60 99 71 38 28 24 46
Short-Term Debt
300 - - - - - - -
Accounts Payable
6.49 13 29 33 15 7.15 3.24 19
Accrued Expenses
46 37 67 32 22 20 18 2.14
Other Current Liabilities
16 10 3.19 5.62 0.15 0.17 0.34 22
Total Noncurrent Liabilities
2,347 665 375 409 326 735 734 805
Long-Term Debt
2,299 619 327 326 325 734 733 781
Capital Lease Obligations
3.71 4.83 4.83 - - - - -
Noncurrent Deferred & Payable Income Tax Liabilities
0.00 0.00 21 53 - - 0.08 23
Other Noncurrent Operating Liabilities
45 41 23 30 0.39 0.42 0.91 1.13
Commitments & Contingencies
0.00 0.00 0.00 - - - - 0.00
Total Equity & Noncontrolling Interests
3,729 2,856 2,643 2,477 1,020 594 546 625
Total Preferred & Common Equity
3,725 2,856 2,643 2,477 1,020 594 546 625
Preferred Stock
0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Total Common Equity
3,725 2,856 2,643 2,477 1,020 594 546 625
Common Stock
4,284 3,411 3,073 2,707 1,823 1,461 1,393 1,058
Retained Earnings
-560 -555 -430 -230 -803 -867 -848 -432
Noncontrolling Interest
3.95 - - - - - - -

Annual Metrics And Ratios for MARA

This table displays calculated financial ratios and metrics derived from MARA's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
69.38% 229.09% -26.02% 3,553.04% 267.61% -24.14% 0.00% -100.00% 93.01% -11.34%
EBITDA Growth
165.76% 168.01% -4,983.44% 257.97% -182.74% 57.60% 83.14% -441.94% 21.89% -1,077.23%
EBIT Growth
193.35% 130.22% -20,451.92% 68.58% -183.23% 64.95% 74.89% -195.03% 27.06% -210.51%
NOPAT Growth
29.25% 144.08% -22,441.60% 69.57% -131.61% 64.90% 14.86% 8.98% 39.32% -313.75%
Net Income Growth
107.15% 137.63% -2,227.92% -185.35% -197.07% 72.55% 74.14% -71.90% -70.18% -800.04%
EPS Growth
62.26% 117.32% -1,940.00% 0.00% 0.00% 78.01% 74.14% 36.42% 0.00% 0.00%
Operating Cash Flow Growth
-114.48% -78.86% -830.59% -143.97% -134.22% 59.72% 23.78% -206.25% 443.53% -166.47%
Free Cash Flow Firm Growth
-1,259.84% 16.99% 60.46% -461.94% -3,023.05% 64.45% -3,005.29% -102.76% 342.58% 80.75%
Invested Capital Growth
291.46% 49.94% -7.54% 570.33% 4,211.90% 188.85% 123.61% -259.73% -88.92% -24.21%
Revenue Q/Q Growth
9.62% 49.53% -25.62% 71.47% 118.85% -1.51% 137.63% -100.00% -15.91% 43.60%
EBITDA Q/Q Growth
106.31% 255.92% -11,372.33% 107.33% -81.68% 54.30% 80.15% -76.20% -260.82% 26.00%
EBIT Q/Q Growth
341.98% 154.44% -557.14% 98.05% -59.90% 46.23% 72.58% -74.96% -240.80% 14.74%
NOPAT Q/Q Growth
49.89% 179.11% -686.83% 98.38% -49.14% 38.99% 0.93% 39.88% -66.23% -0.23%
Net Income Q/Q Growth
228.78% 192.46% -144.11% 43.68% -64.14% 47.97% 71.91% -27.40% -365.39% 5.04%
EPS Q/Q Growth
97.70% 134.42% 0.00% 43.40% 0.00% 50.47% 71.91% 22.58% -365.39% 0.00%
Operating Cash Flow Q/Q Growth
-48.87% 0.50% -202.45% 61.05% -70.25% -5.11% -150.72% 31.79% -8.97% -74.25%
Free Cash Flow Firm Q/Q Growth
-131.50% -36.33% 58.30% -87.60% -743.41% -45.61% -50.34% -105.04% 296.86% 51.18%
Invested Capital Q/Q Growth
87.77% 27.24% -17.01% 179.26% 792.72% 25.70% -67.38% -347.74% -87.41% 25.33%
Profitability Metrics
- - - - - - - - - -
Gross Margin
-24.28% -3.96% -28.59% 73.36% -58.71% -24.49% -241.54% 0.00% 12.64% -16.05%
EBITDA Margin
156.35% 99.66% -482.23% 7.31% -168.95% -219.66% -393.03% 0.00% -18.34% -45.33%
Operating Margin
46.64% 57.01% -572.00% -1.88% -225.34% -357.66% -772.95% 0.00% -42.54% -135.32%
EBIT Margin
90.94% 52.51% -571.77% -2.06% -239.27% -310.56% -672.08% 0.00% -38.70% -102.41%
Profit (Net Income) Margin
82.42% 67.40% -589.39% -18.73% -239.80% -296.74% -820.18% 0.00% -78.70% -89.26%
Tax Burden Percent
87.75% 94.08% 96.63% 615.34% 100.02% 100.00% 100.54% 157.64% 166.52% 67.50%
Interest Burden Percent
103.28% 136.42% 106.68% 147.89% 100.20% 95.55% 121.38% 75.17% 122.12% 129.13%
Effective Tax Rate
12.25% 5.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
6.90% 15.74% -42.87% -0.32% -7.88% -111.50% 0.00% 0.00% -59.95% -47.31%
ROIC Less NNEP Spread (ROIC-NNEP)
33.68% 32.43% -82.21% -17.67% -2.81% -23.26% 0.00% 0.00% -168.56% -42.01%
Return on Net Nonoperating Assets (RNNOA)
11.91% 10.35% -87.09% -5.68% 1.25% 4.41% 0.00% 0.00% -1,641.57% -44.43%
Return on Equity (ROE)
18.81% 26.09% -129.96% -6.00% -6.63% -107.09% -248.60% 5,219.30% -1,701.52% -91.74%
Cash Return on Invested Capital (CROIC)
-111.71% -24.22% -35.03% -148.39% -198.81% -208.63% -1,141.05% 0.00% 100.16% -19.77%
Operating Return on Assets (OROA)
13.58% 12.77% -51.01% -0.37% -6.52% -62.31% -103.69% 0.00% -43.28% -35.99%
Return on Assets (ROA)
12.31% 16.39% -52.59% -3.39% -6.53% -59.54% -126.54% 0.00% -88.01% -31.37%
Return on Common Equity (ROCE)
18.79% 26.09% -129.96% -6.00% -6.63% -107.09% -248.60% 4,769.04% -1,783.75% -91.74%
Return on Equity Simple (ROE_SIMPLE)
13.10% 16.16% -179.83% -4.37% -3.35% -96.42% -438.72% -670.78% 315.99% -133.64%
Net Operating Profit after Tax (NOPAT)
269 208 -471 -2.09 -6.87 -2.97 -8.45 -9.93 -11 -18
NOPAT Margin
40.93% 53.63% -400.40% -1.31% -157.74% -250.36% -541.06% 0.00% -29.78% -94.72%
Net Nonoperating Expense Percent (NNEP)
-26.78% -16.69% 39.34% 17.36% -5.07% -88.24% -59.18% -29,520.86% 108.60% -5.31%
Return On Investment Capital (ROIC_SIMPLE)
4.07% 10.70% -40.36% - - - - - - -
Cost of Revenue to Revenue
124.28% 103.96% 128.59% 26.64% 158.71% 124.49% 341.54% 0.00% 87.36% 116.05%
SG&A Expenses to Revenue
41.45% 23.85% 48.10% 109.55% 146.98% 74.93% 165.83% 0.00% 7.20% 31.70%
R&D to Revenue
2.02% 0.73% 0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
-70.92% -60.97% 543.40% 75.24% 166.63% 333.18% 531.41% 0.00% 55.18% 119.27%
Earnings before Interest and Taxes (EBIT)
597 203 -673 -3.28 -10 -3.68 -11 -42 -14 -19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,026 386 -568 12 -7.36 -2.60 -6.14 -36 -6.72 -8.60
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.31 3.24 1.04 4.94 1.76 1.90 3.16 4.85 0.00 1.88
Price to Tangible Book Value (P/TBV)
1.33 3.24 1.04 4.95 1.77 2.69 5.20 4.85 0.00 0.00
Price to Revenue (P/Rev)
8.22 13.50 3.39 21.19 126.14 5.84 5.92 0.00 0.71 1.25
Price to Earnings (P/E)
9.97 20.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
10.03% 4.95% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.20 3.28 1.01 3.35 2.40 1.83 5.62 0.00 10.66 1.34
Enterprise Value to Revenue (EV/Rev)
11.38 13.41 9.08 24.08 93.72 6.10 4.92 0.00 1.06 2.31
Enterprise Value to EBITDA (EV/EBITDA)
7.28 13.46 0.00 329.57 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
12.51 25.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
27.81 25.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.80 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.12 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.60 0.20 2.03 1.07 0.00 0.27 0.34 0.24 -1.93 1.79
Long-Term Debt to Equity
0.60 0.20 2.03 1.07 0.00 0.27 0.00 0.00 -0.50 0.96
Financial Leverage
0.35 0.32 1.06 0.32 -0.45 -0.19 -1.43 0.14 9.74 1.06
Leverage Ratio
1.53 1.59 2.47 1.77 1.01 1.80 1.96 -17.56 19.33 2.92
Compound Leverage Factor
1.58 2.17 2.64 2.62 1.02 1.72 2.38 -13.20 23.61 3.78
Debt to Total Capital
37.39% 16.77% 66.96% 51.64% 0.02% 21.50% 25.49% 19.27% 207.65% 64.11%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.49% 19.27% 153.51% 29.50%
Long-Term Debt to Total Capital
37.39% 16.77% 66.96% 51.64% 0.02% 21.50% 0.00% 0.00% 54.14% 34.61%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1.90% 0.00%
Common Equity to Total Capital
62.51% 83.23% 33.04% 48.36% 99.98% 78.50% 74.51% 80.73% -105.75% 35.89%
Debt to EBITDA
2.41 0.84 -1.38 62.64 -0.01 -0.38 -0.16 -0.05 -2.67 -2.63
Net Debt to EBITDA
2.01 -0.08 -1.18 39.55 19.19 -0.12 0.25 0.36 -1.92 -2.34
Long-Term Debt to EBITDA
2.41 0.84 -1.38 62.64 -0.01 -0.38 0.00 0.00 -0.70 -1.42
Debt to NOPAT
9.19 1.57 -1.66 -348.25 -0.01 -0.34 -0.12 -0.18 -1.64 -1.26
Net Debt to NOPAT
7.69 -0.15 -1.42 -219.86 20.55 -0.10 0.18 1.33 -1.18 -1.12
Long-Term Debt to NOPAT
9.19 1.57 -1.66 -348.25 -0.01 -0.34 0.00 0.00 -0.43 -0.68
Altman Z-Score
1.66 9.10 -2.20 3.17 219.40 -22.66 -31.27 -14.07 -5.41 -1.72
Noncontrolling Interest Sharing Ratio
0.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.63% -4.83% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
4.94 30.51 10.63 60.82 198.38 0.81 1.33 1.96 0.27 0.28
Quick Ratio
4.18 10.58 3.97 26.27 149.67 0.37 1.12 1.95 0.25 0.16
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-4,349 -320 -385 -974 -173 -5.55 -16 -0.50 18 -7.51
Operating Cash Flow to CapEx
-273.74% -1,143.21% 0.00% -6.92% -43.81% -63,514.93% -156.87% -138,783.81% 121,275.72% -5,071.83%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 -25.72 -621.05 -8,257.31 0.00 -6.91 -0.06 5.80 -1.33
Operating Cash Flow to Interest Expense
0.00 0.00 -11.78 -12.09 -370.14 0.00 -3.65 -1.38 3.24 -0.52
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 -2.62 -186.63 -1,215.00 0.00 -5.97 -1.38 3.24 -0.53
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.15 0.24 0.09 0.18 0.03 0.20 0.15 0.00 1.12 0.35
Accounts Receivable Turnover
0.00 0.00 8.74 3.13 0.00 0.00 0.00 0.00 315.89 107.27
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.59 0.82 0.43 1.08 0.42 0.49 2.99 0.00 817.38 329.69
Accounts Payable Turnover
68.27 63.67 33.33 9.67 6.18 1.19 3.34 1.71 4.65 4.48
Days Sales Outstanding (DSO)
0.00 0.00 41.77 116.61 0.00 0.00 0.00 0.00 1.16 3.40
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
5.35 5.73 10.95 37.76 59.06 305.97 109.35 213.85 78.43 81.45
Cash Conversion Cycle (CCC)
-5.35 -5.73 30.82 78.85 -59.06 -305.97 -109.35 0.00 -77.27 -78.04
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
6,202 1,584 1,057 1,143 170 3.95 1.37 -5.80 3.63 33
Invested Capital Turnover
0.17 0.29 0.11 0.24 0.05 0.45 -0.71 0.00 2.01 0.50
Increase / (Decrease) in Invested Capital
4,617 528 -86 972 167 2.59 7.17 -9.43 -29 -10
Enterprise Value (EV)
7,470 5,198 1,069 3,832 408 7.23 7.69 23 39 44
Market Capitalization
5,397 5,229 400 3,372 550 6.92 9.24 36 26 24
Book Value per Share
$12.83 $7.26 $3.30 $6.65 $5.92 $0.46 $0.11 $0.84 ($0.61) $0.85
Tangible Book Value per Share
$12.56 $7.26 $3.30 $6.64 $5.90 $0.33 $0.07 $0.84 ($1.44) ($1.16)
Total Capital
6,605 1,942 1,168 1,411 312 4.65 3.92 9.15 8.63 35
Total Debt
2,470 326 782 728 0.06 1.00 1.00 1.76 18 23
Total Long-Term Debt
2,470 326 782 728 0.06 1.00 0.00 0.00 4.67 12
Net Debt
2,066 -32 670 460 -141 0.31 -1.55 -13 13 20
Capital Expenditures (CapEx)
247 28 -137 274 18 0.01 5.25 0.01 0.01 0.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-29 639 139 404 144 -1.05 -0.81 -5.81 -6.69 -4.31
Debt-free Net Working Capital (DFNWC)
375 996 251 673 285 -0.36 1.74 9.14 -1.70 -1.76
Net Working Capital (NWC)
375 996 251 673 285 -0.36 0.74 7.38 -15 -12
Net Nonoperating Expense (NNE)
-272 -53 223 28 3.58 0.55 4.36 40 18 -1.04
Net Nonoperating Obligations (NNO)
2,066 -32 671 461 -141 0.31 -1.55 -13 13 20
Total Depreciation and Amortization (D&A)
429 183 105 15 3.06 1.08 4.36 5.41 7.46 11
Debt-free, Cash-free Net Working Capital to Revenue
-4.36% 164.83% 117.98% 254.10% 3,296.83% -88.72% -51.88% 0.00% -18.27% -22.72%
Debt-free Net Working Capital to Revenue
57.16% 257.04% 213.53% 422.83% 6,540.40% -30.25% 111.41% 0.00% -4.63% -9.25%
Net Working Capital to Revenue
57.16% 257.04% 213.53% 422.83% 6,540.40% -30.25% 47.46% 0.00% -40.79% -64.14%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.87 $0.00 ($6.05) ($0.36) ($0.13) ($0.53) ($2.40) ($19.20) $0.00 ($19.04)
Adjusted Weighted Average Basic Shares Outstanding
289.96M 0.00 113.47M 103.05M 98.80M 8.46M 6.38M 1.63M 1.21M 935.45K
Adjusted Diluted Earnings per Share
$1.72 $0.00 $0.00 ($0.36) ($0.13) ($0.53) ($2.40) ($19.20) $0.00 ($19.04)
Adjusted Weighted Average Diluted Shares Outstanding
311.84M 0.00 167.25M 103.05M 98.80M 8.46M 6.38M 1.63M 1.21M 935.45K
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 ($0.36) ($0.13) ($0.53) ($2.40) ($19.20) $0.00 ($19.04)
Adjusted Weighted Average Basic & Diluted Shares Outstanding
345.82M 0.00 167.25M 99.34M 81.41M 6.66M 5.32M 1.63M 948.63K 888.05K
Normalized Net Operating Profit after Tax (NOPAT)
302 208 -151 -40 -6.26 -2.65 -6.90 -8.04 0.50 -14
Normalized NOPAT Margin
46.01% 53.63% -128.42% -25.33% -143.74% -223.92% -441.48% 0.00% 1.36% -73.35%
Pre Tax Income Margin
93.93% 71.64% -609.97% -3.04% -239.75% -296.74% -815.76% 0.00% -47.26% -132.24%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 -44.94 -2.09 -496.43 0.00 -4.65 -5.33 -4.51 -3.43
NOPAT to Interest Expense
0.00 0.00 -31.47 -1.33 -327.27 0.00 -3.74 -1.27 -3.47 -3.17
EBIT Less CapEx to Interest Expense
0.00 0.00 -35.78 -176.63 -1,341.29 0.00 -6.97 -5.33 -4.52 -3.44
NOPAT Less CapEx to Interest Expense
0.00 0.00 -22.31 -175.87 -1,172.12 0.00 -6.07 -1.27 -3.48 -3.18
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
6.44% 0.00% 0.00% 0.00% 0.00% -0.30% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for MARA

This table displays calculated financial ratios and metrics derived from MARA's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
29.47% 36.76% 34.54% 77.52% 223.08% 451.67% 671.07% 228.05% -1.14% -58.80% -75.46%
EBITDA Growth
-207.05% 223.23% -173.29% -486.46% 218.84% 160.04% -179.24% 119.95% 30,943.36% -338.68% 51.31%
EBIT Growth
-275.67% 278.55% -115.03% -3,746.02% 201.13% 140.54% -83.07% 96.95% 715.29% -358.30% -97.46%
NOPAT Growth
-214.01% 66.51% -114.85% -3,730.51% 172.31% 158.14% -82.08% 96.94% 962.11% -490.08% -96.22%
Net Income Growth
-258.21% 247.95% -31,897.18% -2,127.84% 184.06% 138.75% 99.46% 95.79% 793.78% -2,290.50% -226.81%
EPS Growth
-223.02% 113.33% -23.53% -928.57% 75.00% 122.12% 45.16% 96.39% 523.53% 0.00% 0.00%
Operating Cash Flow Growth
-143.93% -243.80% -96.14% -124.02% 3.41% 1.69% -90.39% -247.11% -250.92% -465.20% -14.00%
Free Cash Flow Firm Growth
-310.47% -1,104.22% -7,685.59% -2,815.76% -729.23% -78.71% 96.87% 105.16% 115.38% 77.56% -120.50%
Invested Capital Growth
147.79% 291.46% 165.27% 122.32% 113.61% 49.94% -2.21% -5.07% -2.86% -7.54% 211.14%
Revenue Q/Q Growth
-0.24% 62.86% -9.30% -12.14% 5.38% 60.21% 19.68% 59.90% 79.93% 123.93% -49.08%
EBITDA Q/Q Growth
-161.04% 1,192.88% 43.41% -127.58% 156.43% 1,024.05% -180.02% -77.25% 135.78% -4,197.87% 94.28%
EBIT Q/Q Growth
-199.42% 466.37% 25.76% -162.76% 253.46% 308.11% -1,227.81% -104.91% 129.93% -839.80% 77.89%
NOPAT Q/Q Growth
-235.92% 331.14% 25.89% -148.97% 226.37% 398.23% -1,221.25% -103.48% 142.39% -833.90% 77.78%
Net Income Q/Q Growth
-200.98% 523.34% 37.50% -159.22% 286.23% 39,029.74% 95.65% -107.55% 130.29% -440.73% 65.92%
EPS Q/Q Growth
-196.88% 480.95% 41.67% -157.14% 2,000.00% 320.59% -385.71% -109.72% 121.24% -446.77% 68.04%
Operating Cash Flow Q/Q Growth
31.25% -95.79% -39.00% -30.37% 3.10% -11.69% -58.76% 43.79% 1.38% -116.32% -189.45%
Free Cash Flow Firm Q/Q Growth
7.10% -99.18% -31.90% -68.19% -130.58% -1,187.77% -146.01% -61.03% 177.40% 77.47% 24.03%
Invested Capital Q/Q Growth
-1.27% 87.77% 22.06% 9.51% 55.96% 27.24% 2.30% 5.22% 9.48% -17.01% -0.70%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
-145.75% -24.62% -50.91% -25.19% -1.82% 6.83% -15.66% -13.13% 0.04% -53.29% -215.74%
EBITDA Margin
-219.71% 359.06% -53.51% -85.76% 273.23% 151.92% -26.34% 39.40% 276.87% -1,395.97% -72.73%
Operating Margin
-252.97% 159.07% -130.82% -160.12% 223.79% 118.05% -81.92% -7.42% 238.75% -1,446.85% -346.93%
EBIT Margin
-293.54% 294.55% -130.93% -159.97% 223.96% 106.41% -81.92% -7.38% 240.29% -1,448.11% -345.05%
Profit (Net Income) Margin
-249.41% 246.41% -94.79% -137.56% 204.10% 96.85% -0.40% -10.96% 232.14% -1,378.84% -571.02%
Tax Burden Percent
81.74% 81.71% 71.74% 86.31% 89.86% 90.43% 123.03% 102.32% 99.94% 94.38% 92.25%
Interest Burden Percent
103.95% 102.38% 100.92% 99.63% 101.42% 100.65% 0.40% 145.09% 96.67% 100.89% 179.40%
Effective Tax Rate
0.00% 18.29% 0.00% 0.00% 10.14% 9.57% 0.00% 0.00% 0.06% 0.00% 0.00%
Return on Invested Capital (ROIC)
-29.06% 21.91% -24.11% -32.28% 55.61% 31.33% -11.80% -0.72% 23.82% -108.45% -45.70%
ROIC Less NNEP Spread (ROIC-NNEP)
-42.01% 46.46% -25.37% -43.32% 57.25% 26.47% 0.96% -1.49% 23.17% -126.83% -66.69%
Return on Net Nonoperating Assets (RNNOA)
-16.17% 16.43% -4.40% -8.92% 11.46% 8.45% 0.51% -1.44% 17.97% -134.36% -20.59%
Return on Equity (ROE)
-45.22% 38.34% -28.51% -41.21% 67.07% 39.78% -11.29% -2.17% 41.78% -242.80% -66.29%
Cash Return on Invested Capital (CROIC)
-94.84% -111.71% -82.61% -64.45% -49.25% -24.22% -18.63% -13.79% -28.78% -35.03% -109.83%
Operating Return on Assets (OROA)
-44.03% 43.98% -31.59% -40.25% 52.73% 25.88% -14.85% -0.89% 19.79% -129.20% -51.05%
Return on Assets (ROA)
-37.41% 36.79% -22.87% -34.61% 48.05% 23.56% -0.07% -1.32% 19.12% -123.02% -84.48%
Return on Common Equity (ROCE)
-45.20% 38.30% -28.51% -41.01% 67.07% 39.78% -11.29% -2.14% 41.78% -242.80% -66.29%
Return on Equity Simple (ROE_SIMPLE)
-8.85% 0.00% 5.76% 10.93% 19.36% 0.00% -27.70% -59.64% -102.26% 0.00% -45.48%
Net Operating Profit after Tax (NOPAT)
-379 279 -121 -163 332 167 -56 -4.25 122 -288 -31
NOPAT Margin
-177.08% 129.97% -91.58% -112.08% 201.10% 106.75% -57.35% -5.19% 238.60% -1,012.79% -242.85%
Net Nonoperating Expense Percent (NNEP)
12.96% -24.54% 1.26% 11.04% -1.64% 4.86% -12.76% 0.77% 0.64% 18.39% 20.98%
Return On Investment Capital (ROIC_SIMPLE)
-5.98% 4.22% - - - 8.62% - - - -24.64% -
Cost of Revenue to Revenue
245.75% 124.62% 150.91% 125.19% 101.82% 93.17% 115.66% 113.13% 99.96% 153.29% 315.74%
SG&A Expenses to Revenue
40.15% 36.35% 48.41% 39.35% 44.38% 24.25% 19.86% 24.27% 29.60% 65.15% 95.70%
R&D to Revenue
4.35% 1.91% 2.14% 2.65% 1.49% 0.79% 0.73% 0.80% 0.41% 0.00% 0.00%
Operating Expenses to Revenue
119.76% -183.69% 79.92% 134.93% -225.62% -111.22% 66.26% -5.71% -238.70% 1,395.18% 131.18%
Earnings before Interest and Taxes (EBIT)
-628 632 -172 -232 370 167 -80 -6.04 123 -412 -44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-470 770 -70 -124 451 238 -26 32 142 -397 -9.23
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.07 1.31 1.67 2.12 2.44 3.24 1.45 3.90 2.67 1.04 2.00
Price to Tangible Book Value (P/TBV)
1.09 1.33 1.70 2.16 2.49 3.24 1.45 3.90 2.67 1.04 2.00
Price to Revenue (P/Rev)
5.64 8.22 7.98 9.94 12.05 13.50 5.72 13.33 12.45 3.39 7.90
Price to Earnings (P/E)
0.00 9.97 29.03 19.43 12.66 20.19 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 10.03% 3.45% 5.15% 7.90% 4.95% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.04 1.20 1.58 2.10 2.45 3.28 1.37 2.42 1.79 1.01 1.49
Enterprise Value to Revenue (EV/Rev)
9.04 11.38 8.72 10.05 12.05 13.41 6.58 16.91 17.64 9.08 11.98
Enterprise Value to EBITDA (EV/EBITDA)
69.51 7.28 10.50 10.47 8.65 13.46 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 12.51 38.68 24.98 13.33 25.54 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 27.81 29.15 25.27 14.37 25.01 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.70 0.60 0.22 0.13 0.13 0.20 0.32 1.20 1.34 2.03 1.25
Long-Term Debt to Equity
0.62 0.60 0.22 0.13 0.13 0.20 0.32 1.20 1.34 2.03 1.25
Financial Leverage
0.38 0.35 0.17 0.21 0.20 0.32 0.53 0.97 0.78 1.06 0.31
Leverage Ratio
1.52 1.53 1.28 1.38 1.41 1.59 1.74 2.27 2.15 2.47 1.66
Compound Leverage Factor
1.57 1.57 1.29 1.38 1.43 1.60 0.01 3.29 2.08 2.49 2.99
Debt to Total Capital
41.10% 37.39% 17.92% 11.14% 11.63% 16.77% 24.18% 54.61% 57.32% 66.96% 55.55%
Short-Term Debt to Total Capital
4.74% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
36.37% 37.39% 17.92% 11.14% 11.63% 16.77% 24.18% 54.61% 57.32% 66.96% 55.55%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.06% 0.10% 0.00% 0.00% 0.00% 0.00% 0.00% 1.17% 0.00% 0.00% 0.00%
Common Equity to Total Capital
58.83% 62.51% 82.08% 88.86% 88.37% 83.23% 75.82% 44.22% 42.68% 33.04% 44.45%
Debt to EBITDA
28.37 2.41 1.25 0.61 0.47 0.84 -1.31 -3.18 -1.73 -1.38 -157.82
Net Debt to EBITDA
26.10 2.01 0.90 0.12 0.00 -0.08 -0.90 -2.62 -1.43 -1.18 -130.57
Long-Term Debt to EBITDA
25.10 2.41 1.25 0.61 0.47 0.84 -1.31 -3.18 -1.73 -1.38 -157.82
Debt to NOPAT
-6.15 9.19 3.48 1.47 0.77 1.57 -1.24 -3.09 -1.97 -1.66 -13.04
Net Debt to NOPAT
-5.66 7.69 2.50 0.28 0.00 -0.15 -0.85 -2.55 -1.64 -1.42 -10.79
Long-Term Debt to NOPAT
-5.44 9.19 3.48 1.47 0.77 1.57 -1.24 -3.09 -1.97 -1.66 -13.04
Altman Z-Score
0.53 1.68 3.81 6.95 8.66 9.04 1.97 1.40 0.98 -1.47 0.64
Noncontrolling Interest Sharing Ratio
0.06% 0.12% 0.00% 0.48% 0.00% 0.00% 0.00% 1.24% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.79 4.94 4.00 3.75 23.07 30.51 11.33 14.91 16.22 10.63 5.27
Quick Ratio
0.56 4.18 2.79 2.77 4.68 10.58 2.68 4.04 5.25 3.97 1.22
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-4,031 -4,339 -2,178 -1,652 -982 -360 -28 61 156 -202 -895
Operating Cash Flow to CapEx
-609.00% -169.22% -421.34% -668.78% -972.05% -5,070.30% -3,268.68% -850.31% -529.58% -457.30% 0.00%
Free Cash Flow to Firm to Interest Expense
-405.45 0.00 -930.10 0.00 -781.80 -296.79 0.00 21.41 38.13 -43.20 -238.50
Operating Cash Flow to Interest Expense
-21.68 0.00 -68.35 0.00 -70.33 -75.09 0.00 -18.10 -22.35 -19.87 -11.43
Operating Cash Flow Less CapEx to Interest Expense
-25.24 0.00 -84.58 0.00 -77.57 -76.58 0.00 -20.23 -26.56 -24.22 10.98
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.15 0.15 0.24 0.25 0.24 0.24 0.18 0.12 0.08 0.09 0.15
Accounts Receivable Turnover
82.97 0.00 300.50 57.94 117.46 0.00 0.00 0.00 7.80 8.74 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.60 0.59 0.65 0.66 0.66 0.82 0.45 0.32 0.22 0.43 0.64
Accounts Payable Turnover
87.45 68.27 50.01 33.85 28.48 63.67 17.53 7.78 32.17 33.33 6.97
Days Sales Outstanding (DSO)
4.40 0.00 1.21 6.30 3.11 0.00 0.00 0.00 46.80 41.77 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
4.17 5.35 7.30 10.78 12.81 5.73 20.82 46.95 11.35 10.95 52.34
Cash Conversion Cycle (CCC)
0.23 -5.35 -6.08 -4.48 -9.71 -5.73 -20.82 -46.95 35.45 30.82 -52.34
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
6,123 6,202 3,303 2,706 2,471 1,584 1,245 1,217 1,157 1,057 1,273
Invested Capital Turnover
0.16 0.17 0.26 0.29 0.28 0.29 0.21 0.14 0.10 0.11 0.19
Increase / (Decrease) in Invested Capital
3,652 4,617 2,058 1,489 1,314 528 -28 -65 -34 -86 864
Enterprise Value (EV)
6,375 7,470 5,224 5,677 6,045 5,198 1,705 2,942 2,067 1,069 1,897
Market Capitalization
3,977 5,397 4,776 5,613 6,043 5,229 1,481 2,320 1,458 400 1,251
Book Value per Share
$10.77 $12.83 $9.70 $9.35 $9.25 $7.26 $5.85 $3.55 $3.26 $3.30 $5.35
Tangible Book Value per Share
$10.52 $12.56 $9.54 $9.18 $9.06 $7.26 $5.85 $3.55 $3.26 $3.30 $5.35
Total Capital
6,331 6,605 3,479 2,974 2,803 1,942 1,345 1,344 1,279 1,168 1,406
Total Debt
2,602 2,470 624 331 326 326 325 734 733 782 781
Total Long-Term Debt
2,302 2,470 624 331 326 326 325 734 733 782 781
Net Debt
2,394 2,066 447 63 1.82 -32 224 606 608 670 646
Capital Expenditures (CapEx)
35 185 38 17 9.09 1.80 2.50 6.05 17 20 -84
Debt-free, Cash-free Net Working Capital (DFCFNWC)
15 -29 3.33 4.71 1,245 639 293 266 238 139 60
Debt-free Net Working Capital (DFNWC)
223 375 180 273 1,570 996 394 394 362 251 195
Net Working Capital (NWC)
-77 375 180 273 1,570 996 394 394 362 251 195
Net Nonoperating Expense (NNE)
155 -250 4.23 37 -4.96 16 -56 4.72 3.30 104 42
Net Nonoperating Obligations (NNO)
2,394 2,066 447 63 -6.00 -32 225 607 611 671 648
Total Depreciation and Amortization (D&A)
158 138 102 108 81 71 54 38 19 15 35
Debt-free, Cash-free Net Working Capital to Revenue
2.16% -4.36% 0.56% 0.83% 248.29% 164.83% 113.16% 152.96% 202.80% 117.98% 37.70%
Debt-free Net Working Capital to Revenue
31.69% 57.16% 29.99% 48.28% 312.94% 257.04% 152.21% 226.50% 309.39% 213.53% 122.90%
Net Working Capital to Revenue
-10.86% 57.16% 29.99% 48.28% 312.94% 257.04% 152.21% 226.50% 309.39% 213.53% 122.90%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($1.55) $1.71 ($0.42) ($0.72) $1.30 $0.73 $0.36 ($0.13) ($0.05) ($3.39) ($0.65)
Adjusted Weighted Average Basic Shares Outstanding
344.10M 289.96M 294.94M 278.67M 259.10M 183.86M 179.60M 168.47M 159.19M 113.47M 116.53M
Adjusted Diluted Earnings per Share
($1.55) $1.60 ($0.42) ($0.72) $1.26 $0.75 $0.35 ($0.13) $0.00 ($3.39) $0.00
Adjusted Weighted Average Diluted Shares Outstanding
344.10M 311.84M 294.94M 278.67M 267.91M 192.29M 189.51M 168.47M 167.40M 113.47M 116.84M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
351.93M 345.82M 321.83M 294.47M 272.96M 267.64M 222.63M 174.27M 167.40M 167.25M 116.84M
Normalized Net Operating Profit after Tax (NOPAT)
-379 678 -113 -159 -87 292 -56 -4.25 -15 -34 -45
Normalized NOPAT Margin
-177.08% 316.26% -86.10% -109.35% -52.77% 186.00% -57.35% -5.19% -29.95% -120.52% -355.69%
Pre Tax Income Margin
-305.13% 301.57% -132.13% -159.38% 227.14% 107.10% -0.32% -10.71% 232.29% -1,460.94% -619.01%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-63.16 0.00 -73.60 0.00 294.57 137.41 0.00 -2.13 30.02 -88.17 -11.67
NOPAT to Interest Expense
-38.10 0.00 -51.48 0.00 264.50 137.85 0.00 -1.50 29.81 -61.67 -8.21
EBIT Less CapEx to Interest Expense
-66.71 0.00 -89.82 0.00 287.34 135.93 0.00 -4.25 25.80 -92.52 10.73
NOPAT Less CapEx to Interest Expense
-41.66 0.00 -67.70 0.00 257.26 136.36 0.00 -3.62 25.59 -66.01 14.19
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-11.74% 6.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About MARA's Financials

When does MARA's fiscal year end?

According to the most recent income statement we have on file, MARA's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has MARA's net income changed over the last 9 years?

MARA's net income appears to be on a downward trend, with a most recent value of $541.01 million in 2024, falling from -$16.94 million in 2015. The previous period was $261.17 million in 2023. View MARA's forecast to see where analysts expect MARA to go next.

What is MARA's operating income?
MARA's total operating income in 2024 was $306.11 million, based on the following breakdown:
  • Total Gross Profit: -$159.37 million
  • Total Operating Expenses: -$465.48 million
How has MARA revenue changed over the last 9 years?

Over the last 9 years, MARA's total revenue changed from $18.98 million in 2015 to $656.38 million in 2024, a change of 3,358.7%.

How much debt does MARA have?

MARA's total liabilities were at $2.67 billion at the end of 2024, a 610.7% increase from 2023, and a 7,614.1% increase since 2015.

How much cash does MARA have?

In the past 9 years, MARA's cash and equivalents has ranged from $692.96 thousand in 2019 to $391.77 million in 2024, and is currently $391.77 million as of their latest financial filing in 2024.

How has MARA's book value per share changed over the last 9 years?

Over the last 9 years, MARA's book value per share changed from 0.85 in 2015 to 12.83 in 2024, a change of 1,404.8%.



This page (NASDAQ:MARA) was last updated on 5/28/2025 by MarketBeat.com Staff
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