Friday 6 November 2026 Export MARA’s income statement to Excel — free account

Marathon Digital Holdings, Inc.

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

Revenue growth 3 yrs

6.03 0.84 −12.23%

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Market cap: $2.3B
P/E: 0.0×
Fwd P/E: −1.3×
Dividend yield: —
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

Marathon Digital Holdings, Inc. (MARA) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Marathon Digital Holdings, Inc. (MARA) trades at a P/B ratio of 1.4×. Over the past ten years it has ranged from 0.0× (December 2017) to 12.5× (February 2021); the current reading is higher than 22% of that period. That is in line with the Capital Markets industry median of 1.4× and above the Financial sector median of 1.3×.

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<iframe src="https://stockrow.com/embed/MARA/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Marathon Digital Holdings, Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MARA/metrics/pb-ratio">Marathon Digital Holdings, Inc. (MARA) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	0.9×	(21.98%)
FY2024	1.2×	(54.94%)
FY2023	2.6×	160.99%
FY2022	1.0×	(79.11%)
FY2021	4.8×	75.53%
FY2020	2.7×	69.58%
FY2019	1.6×	(39.08%)
FY2018	2.6×	(30.81%)
FY2017	3.8×	—
FY2016	0.0×	—

Period	P/B ratio	Change
Jun 2026	3.2×	129.05%
Mar 2026	1.4×	50.42%
Dec 2025	0.9×	(30.13%)
Sep 2025	1.3×	13.80%
42 more quarters	Free account

Against its own ten years

Low 0.0× High 12.5×

Ten-year median 2.3×

Current reading's percentile 16

Company	P/B ratio
ETOR eToro Group Ltd. compare	1.4×
MARA Marathon Digital Holdings, Inc.	1.4×
PURR Hyperliquid Strategies Inc compare	1.5×
CLSK Cleanspark, Inc. compare	2.0×
LCLN Lincoln International Inc. compare	2.3×
MIAX Miami International Holdings, Inc. compare	2.8×
IOND Ionic Digital Inc. compare	4.0×
PJT PJT Partners Inc. compare	4.2×
LAZ Lazard, Inc. compare	4.2×
Capital Markets industry median	1.4×
Financial sector median	1.3×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Marathon Digital Holdings, Inc. (MARA) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

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P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on MARA

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