stockrowMarathon Digital Holdings, Inc.
MARA Financial Capital Markets
Marathon Digital Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $907.1 million, up 38.2% from fiscal 2024.
- Revenue
- −26.7%
- EPS
- −169.9%
- Free cash flow
- +85.6%
- Total debt
- −19.9%
Quarter to June 2026, against a year earlier
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Marathon Digital Holdings, Inc. (MARA) Free cash flow margin
Marathon Digital Holdings, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was −158.7%, down 25.8 percentage points from fiscal 2025 (−133.0%). Over the past ten years it has ranged from −2,081.7% (fiscal 2017) to 17.7% (fiscal 2016); the current reading is higher than 64% of that period. That is below the Capital Markets industry median of 0.00% and below the Financial sector median of 11.4%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | −133.0% | 8.26 |
| FY2024 | −141.2% | (52.65) |
| FY2023 | −88.6% | (55.28) |
| FY2022 | −33.3% | 150.67 |
| FY2021 | −184.0% | 401.64 |
| FY2020 | −585.6% | (305.16) |
| FY2019 | −280.5% | 598.99 |
| FY2018 | −879.4% | 1,202.22 |
| FY2017 | −2,081.7% | (2,099.36) |
| FY2016 | 17.7% | 33.61 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| LAZ Lazard, Inc. compare | 21.0% |
| MIAX Miami International Holdings, Inc. compare | 13.9% |
| ETOR eToro Group Ltd. compare | 2.55% |
| PJT PJT Partners Inc. compare | 0.00% |
| CLSK Cleanspark, Inc. compare | −18.3% |
| IOND Ionic Digital Inc. compare | −59.7% |
| MARA Marathon Digital Holdings, Inc. | −158.7% |
| PURR Hyperliquid Strategies Inc compare | −447.3% |
| LCLN Lincoln International Inc. compare | — |
| Capital Markets industry median | 0.00% |
| Financial sector median | 11.4% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on MARA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement