Marathon 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

6.03 0.84 −12.23%
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

Marathon Digital Holdings, Inc. (MARA) Price to free cash flow

Alert me on Price to free cash flow

Marathon Digital Holdings, Inc. has no meaningful price to free cash flow: its trailing twelve-month free cash flow is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 11.4× (March 2017) — the current reading is the lowest in ten years.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 4.2× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
Sep 2025 0.0× —
42 more quarters

Against its own ten years

Low 0.0× High 11.4×
Ten-year median 0.0×
Current reading's percentile 92

Price to free cash flow against peers

Company Price to free cash flow
IOND Ionic Digital Inc. compare n/m
MARA Marathon Digital Holdings, Inc. n/m
PURR Hyperliquid Strategies Inc compare n/m
LCLN Lincoln International Inc. compare n/m
CLSK Cleanspark, Inc. compare n/m
LAZ Lazard, Inc. compare 5.7×
ETOR eToro Group Ltd. compare 6.1×
PJT PJT Partners Inc. compare 6.2×
MIAX Miami International Holdings, Inc. compare 16.3×
Capital Markets industry median 9.3×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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