Bitfarms Ltd. EBIT Margin

EBIT Margin of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including EBIT Margin growth rates and interactive chart. Earnings before interest and taxes margin is an indicator of a company's profitability. Calculated as earnings before interest and taxes (EBIT) divided by revenue. It is useful for comparison of companies with different debt levels and tax rates. And EBIT margin gives a clear picture about the underlying profitability of a company's core operations. EBIT is also referred to as operating earnings, operating profit, and profit before interest and taxes.

Highlights and Quick Summary

  • EBIT Margin for the quarter ending September 29, 2021 was 76.29% (a -1438.42% decrease compared to previous quarter)
  • Year-over-year quarterly EBIT Margin increased by 1489.38%
  • Annual EBIT Margin for 2020 was -15.24% (a -452.78% decrease from previous year)
  • Annual EBIT Margin for 2019 was 4.32% (a -108.11% decrease from previous year)
  • Twelve month EBIT Margin ending September 29, 2021 was 40.49% (a 178.86% increase compared to previous quarter)
  • Twelve month trailing EBIT Margin decreased by -365.68% year-over-year
Trailing EBIT Margin for the last four month:
29 Sep '21 29 Jun '21 30 Mar '21 30 Dec '20
40.49% 14.52% 23.54% -15.24%
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Historical EBIT Margin of Bitfarms Ltd.

Most recent EBIT Marginof BITF including historical data for past 10 years.

Interactive Chart of EBIT Margin of Bitfarms Ltd.

Bitfarms Ltd. EBIT Margin for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 76.29% -5.7% 57.93%
2020 4.8% -41.81% -20.1% -16.39% -15.24%
2019 4.02% 21.68% 6.75% -47.15% 4.32%
2018 -53.24%

Business Profile of Bitfarms Ltd.

Sector: Financial Services
Industry: Capital Markets
Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.