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MARA HOLDINGS INC (MARA) Stock Fundamental Analysis

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

14.49  -0.18 (-1.23%)

Premarket: 14.7 +0.21 (+1.45%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to MARA. MARA was compared to 284 industry peers in the Software industry. Both the profitability and financial health of MARA have multiple concerns. While showing a medium growth rate, MARA is valued expensive at the moment.


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

Looking at the Return On Assets, with a value of 0.12%, MARA is in the better half of the industry, outperforming 64.44% of the companies in the same industry.
Looking at the Return On Equity, with a value of 0.22%, MARA is in the better half of the industry, outperforming 66.20% of the companies in the same industry.
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 66.55% 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.
Compared to 1 year ago, MARA has more shares outstanding
MARA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MARA has a worse debt to assets ratio.
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

Based on the Altman-Z score of 0.80, we must say that MARA is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.80, MARA is not doing good in the industry: 63.73% of the companies in the same industry are doing better.
MARA has a Debt/Equity ratio of 0.62. This is a neutral value indicating MARA is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.62, MARA is not doing good in the industry: 67.25% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF N/A
Altman-Z 0.8
ROIC/WACCN/A
WACC7.58%
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

MARA has a Current Ratio of 0.79. This is a bad value and indicates that MARA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of MARA (0.79) is worse than 82.04% of its industry peers.
MARA has a Quick Ratio of 0.79. This is a bad value and indicates that MARA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.79, MARA is doing worse than 81.69% of the companies in the same industry.
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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5

3. Growth

3.1 Past

The earnings per share for MARA have decreased strongly by -172.90% in the last year.
Looking at the last year, MARA shows a very strong growth in Revenue. The Revenue has grown by 73.51%.
The Revenue has been growing by 252.85% on average over the past years. This is a very strong growth!
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

The Earnings Per Share is expected to decrease by -35.29% on average over the next years. This is quite bad
MARA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.22% yearly.
EPS Next Y-99.21%
EPS Next 2Y-78.2%
EPS Next 3Y-35.29%
EPS Next 5YN/A
Revenue Next Year46.39%
Revenue Next 2Y29.47%
Revenue Next 3Y22.33%
Revenue Next 5Y9.22%

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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0

4. Valuation

4.1 Price/Earnings Ratio

MARA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 335.04, which means the current valuation is very expensive for MARA.
Based on the Price/Forward Earnings ratio, MARA is valued a bit more expensive than the industry average as 64.44% of the companies are valued more cheaply.
MARA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.19.
Industry RankSector Rank
PE N/A
Fwd PE 335.04
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

A cheap valuation may be justified as MARA's earnings are expected to decrease with -35.29% in the coming years.
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 (6/18/2025, 8:04:51 PM)

Premarket: 14.7 +0.21 (+1.45%)

14.49

-0.18 (-1.23%)

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 Owners60.82%
Inst Owner Change1.42%
Ins Owners0.72%
Ins Owner Change0.25%
Market Cap5.10B
Analysts73.33
Price Target20.61 (42.24%)
Short Float %25.08%
Short Ratio1.97
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)3.21%
Min Revenue beat(2)-6.36%
Max Revenue beat(2)12.77%
Revenue beat(4)1
Avg Revenue beat(4)-3.67%
Min Revenue beat(4)-14.9%
Max Revenue beat(4)12.77%
Revenue beat(8)2
Avg Revenue beat(8)-4.41%
Revenue beat(12)3
Avg Revenue beat(12)-10.94%
Revenue beat(16)4
Avg Revenue beat(16)-10.46%
PT rev (1m)1.89%
PT rev (3m)-19.65%
EPS NQ rev (1m)133.69%
EPS NQ rev (3m)36.04%
EPS NY rev (1m)0%
EPS NY rev (3m)-97.92%
Revenue NQ rev (1m)-0.7%
Revenue NQ rev (3m)-14.46%
Revenue NY rev (1m)-1.02%
Revenue NY rev (3m)-7.8%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 335.04
P/S 5.86
P/FCF N/A
P/OCF N/A
P/B 1.37
P/tB 1.4
EV/EBITDA N/A
EPS(TTM)-1.56
EYN/A
EPS(NY)0.04
Fwd EY0.3%
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 0.8
F-Score1
WACC7.58%
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 Year46.39%
Revenue Next 2Y29.47%
Revenue Next 3Y22.33%
Revenue Next 5Y9.22%
EBIT growth 1Y-262.32%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year91.22%
EBIT Next 3Y37.26%
EBIT Next 5Y-11.26%
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