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MARA HOLDINGS INC (MARA) Stock Fundamental Analysis

NASDAQ:MARA - Nasdaq - US5657881067 - Common Stock - Currency: USD

14.73  -0.92 (-5.88%)

After market: 14.52 -0.21 (-1.43%)

Fundamental Rating

1

We assign a fundamental rating of 1 out of 10 to MARA. MARA was compared to 282 industry peers in the Software industry. Both the profitability and financial health of MARA have multiple concerns. MARA is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year MARA has reported negative net income.
In the past year MARA has reported a negative cash flow from operations.
In multiple years MARA reported negative net income over the last 5 years.
MARA had a negative operating cash flow in each of the past 5 years.
MARA Yearly Net Income VS EBIT VS OCF VS FCFMARA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

MARA has a better Return On Assets (0.12%) than 65.37% of its industry peers.
The Return On Equity of MARA (0.22%) is better than 66.43% of its industry peers.
Industry RankSector Rank
ROA 0.12%
ROE 0.22%
ROIC N/A
ROA(3y)-12.16%
ROA(5y)-8.47%
ROE(3y)-49.6%
ROE(5y)-31.52%
ROIC(3y)N/A
ROIC(5y)N/A
MARA Yearly ROA, ROE, ROICMARA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 -400

1.3 Margins

MARA's Profit Margin of 0.93% is fine compared to the rest of the industry. MARA outperforms 66.78% of its industry peers.
The Operating Margin and Gross Margin are not available for MARA so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 0.93%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MARA Yearly Profit, Operating, Gross MarginsMARA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -2K -4K -6K

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0

2. Health

2.1 Basic Checks

MARA does not have a ROIC to compare to the WACC, probably because it is not profitable.
MARA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MARA has more shares outstanding
MARA has a worse debt/assets ratio than last year.
MARA Yearly Shares OutstandingMARA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
MARA Yearly Total Debt VS Total AssetsMARA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

MARA has an Altman-Z score of 0.81. This is a bad value and indicates that MARA is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.81, MARA is doing worse than 63.96% of the companies in the same industry.
MARA has a Debt/Equity ratio of 0.62. This is a neutral value indicating MARA is somewhat dependend on debt financing.
MARA has a Debt to Equity ratio of 0.62. This is in the lower half of the industry: MARA underperforms 67.49% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF N/A
Altman-Z 0.81
ROIC/WACCN/A
WACC9.98%
MARA Yearly LT Debt VS Equity VS FCFMARA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 0.79 indicates that MARA may have some problems paying its short term obligations.
MARA's Current ratio of 0.79 is on the low side compared to the rest of the industry. MARA is outperformed by 84.45% of its industry peers.
A Quick Ratio of 0.79 indicates that MARA may have some problems paying its short term obligations.
MARA's Quick ratio of 0.79 is on the low side compared to the rest of the industry. MARA is outperformed by 84.10% of its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.79
MARA Yearly Current Assets VS Current LiabilitesMARA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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4

3. Growth

3.1 Past

The earnings per share for MARA have decreased strongly by -172.90% in the last year.
The Revenue has grown by 73.51% in the past year. This is a very strong growth!
Measured over the past years, MARA shows a very strong growth in Revenue. The Revenue has been growing by 252.85% on average per year.
EPS 1Y (TTM)-172.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-196.03%
Revenue 1Y (TTM)73.51%
Revenue growth 3Y60.35%
Revenue growth 5Y252.85%
Sales Q2Q%29.47%

3.2 Future

Based on estimates for the next years, MARA will show a very negative growth in Earnings Per Share. The EPS will decrease by -35.29% on average per year.
The Revenue is expected to grow by 6.26% on average over the next years.
EPS Next Y-99.21%
EPS Next 2Y-78.2%
EPS Next 3Y-35.29%
EPS Next 5YN/A
Revenue Next Year47.9%
Revenue Next 2Y29.77%
Revenue Next 3Y22.9%
Revenue Next 5Y6.26%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MARA Yearly Revenue VS EstimatesMARA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
MARA Yearly EPS VS EstimatesMARA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2020 2021 2022 2023 2024 2025 2026 2027 0 -10 -20 -30

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4. Valuation

4.1 Price/Earnings Ratio

MARA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 340.59, the valuation of MARA can be described as expensive.
MARA's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MARA is more expensive than 63.60% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.77. MARA is valued rather expensively when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 340.59
MARA Price Earnings VS Forward Price EarningsMARA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 100 200 300

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MARA Per share dataMARA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6 8 10

4.3 Compensation for Growth

MARA's earnings are expected to decrease with -35.29% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-78.2%
EPS Next 3Y-35.29%

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0

5. Dividend

5.1 Amount

No dividends for MARA!.
Industry RankSector Rank
Dividend Yield N/A

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MARA HOLDINGS INC

NASDAQ:MARA (5/23/2025, 8:33:12 PM)

After market: 14.52 -0.21 (-1.43%)

14.73

-0.92 (-5.88%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)07-30 2025-07-30/bmo
Inst Owners61.19%
Inst Owner Change1.42%
Ins Owners0.36%
Ins Owner Change0.44%
Market Cap5.18B
Analysts73.33
Price Target20.23 (37.34%)
Short Float %26.6%
Short Ratio2.23
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2082.33%
Min EPS beat(2)-4177.95%
Max EPS beat(2)13.29%
EPS beat(4)1
Avg EPS beat(4)-1100.69%
Min EPS beat(4)-4177.95%
Max EPS beat(4)13.29%
EPS beat(8)4
Avg EPS beat(8)-204.09%
EPS beat(12)5
Avg EPS beat(12)-216.55%
EPS beat(16)5
Avg EPS beat(16)-233.16%
Revenue beat(2)1
Avg Revenue beat(2)3.69%
Min Revenue beat(2)-5.39%
Max Revenue beat(2)12.77%
Revenue beat(4)1
Avg Revenue beat(4)-3.43%
Min Revenue beat(4)-14.9%
Max Revenue beat(4)12.77%
Revenue beat(8)2
Avg Revenue beat(8)-4.29%
Revenue beat(12)3
Avg Revenue beat(12)-10.86%
Revenue beat(16)4
Avg Revenue beat(16)-10.4%
PT rev (1m)-14.11%
PT rev (3m)-27.35%
EPS NQ rev (1m)-31.49%
EPS NQ rev (3m)-68.6%
EPS NY rev (1m)-97.83%
EPS NY rev (3m)-97.92%
Revenue NQ rev (1m)-6.02%
Revenue NQ rev (3m)-12.24%
Revenue NY rev (1m)-2.47%
Revenue NY rev (3m)-6.4%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 340.59
P/S 5.96
P/FCF N/A
P/OCF N/A
P/B 1.39
P/tB 1.42
EV/EBITDA N/A
EPS(TTM)-1.56
EYN/A
EPS(NY)0.04
Fwd EY0.29%
FCF(TTM)-3.09
FCFYN/A
OCF(TTM)-2.29
OCFYN/A
SpS2.47
BVpS10.58
TBVpS10.34
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.12%
ROE 0.22%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 0.93%
GM N/A
FCFM N/A
ROA(3y)-12.16%
ROA(5y)-8.47%
ROE(3y)-49.6%
ROE(5y)-31.52%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score1
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 56.25%
Cap/Sales 32.54%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.79
Quick Ratio 0.79
Altman-Z 0.81
F-Score1
WACC9.98%
ROIC/WACCN/A
Cap/Depr(3y)247.24%
Cap/Depr(5y)1644.95%
Cap/Sales(3y)163.79%
Cap/Sales(5y)566.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-172.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-196.03%
EPS Next Y-99.21%
EPS Next 2Y-78.2%
EPS Next 3Y-35.29%
EPS Next 5YN/A
Revenue 1Y (TTM)73.51%
Revenue growth 3Y60.35%
Revenue growth 5Y252.85%
Sales Q2Q%29.47%
Revenue Next Year47.9%
Revenue Next 2Y29.77%
Revenue Next 3Y22.9%
Revenue Next 5Y6.26%
EBIT growth 1Y-262.32%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year91.22%
EBIT Next 3Y37.26%
EBIT Next 5Y0.13%
FCF growth 1Y-108.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-348.68%
OCF growth 3YN/A
OCF growth 5YN/A