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) Return on invested capital
Marathon Digital Holdings, Inc.'s return on invested capital over the twelve months to 30 June 2026 was −55.3%, down 43.5 percentage points from fiscal 2025 (−11.8%). Over the past ten years it has ranged from −551.1% (fiscal 2018) to 14.6% (fiscal 2023); the current reading is higher than 55% of that period. That is below the Capital Markets industry median of 0.00% and below the Financial sector median of 4.70%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | −11.8% | (14.92) |
| FY2024 | 3.10% | (11.52) |
| FY2023 | 14.6% | 59.70 |
| FY2022 | −45.1% | (44.85) |
| FY2021 | −0.23% | 3.42 |
| FY2020 | −3.65% | 63.38 |
| FY2019 | −67.0% | 484.02 |
| FY2018 | −551.1% | (551.05) |
| FY2017 | 0.00% | 274.58 |
| FY2016 | −274.6% | (202.75) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| ETOR eToro Group Ltd. compare | 111.1% |
| MIAX Miami International Holdings, Inc. compare | 21.2% |
| LAZ Lazard, Inc. compare | 14.2% |
| LCLN Lincoln International Inc. compare | 0.00% |
| PJT PJT Partners Inc. compare | 0.00% |
| IOND Ionic Digital Inc. compare | −3.52% |
| PURR Hyperliquid Strategies Inc compare | −10.2% |
| CLSK Cleanspark, Inc. compare | −23.9% |
| MARA Marathon Digital Holdings, Inc. | −55.3% |
| Capital Markets industry median | 0.00% |
| Financial sector median | 4.70% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on MARA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement