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MARA HOLDINGS INC (MARA) Stock Fundamental Analysis

USA - NASDAQ:MARA - US5657881067 - Common Stock

19.57 USD
-0.7 (-3.43%)
Last: 10/17/2025, 8:26:28 PM
19.72 USD
+0.15 (+0.77%)
After Hours: 10/17/2025, 8:26:28 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to MARA. MARA was compared to 282 industry peers in the Software industry. MARA may be in some trouble as it scores bad on both profitability and health. MARA is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

MARA had positive earnings in the past year.
MARA had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MARA reported negative net income in multiple 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 8.79%, MARA belongs to the top of the industry, outperforming 83.69% of the companies in the same industry.
MARA's Return On Equity of 14.17% is amongst the best of the industry. MARA outperforms 81.21% of its industry peers.
Industry RankSector Rank
ROA 8.79%
ROE 14.17%
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

With an excellent Profit Margin value of 85.02%, MARA belongs to the best of the industry, outperforming 96.10% of the companies in the same industry.
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) 85.02%
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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1

2. Health

2.1 Basic Checks

MARA does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MARA has been increased compared to 1 year ago.
MARA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MARA is higher compared to a year ago.
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 1.40. This is a bad value and indicates that MARA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of MARA (1.40) is comparable to the rest of the industry.
MARA has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
MARA has a Debt to Equity ratio of 0.47. This is in the lower half of the industry: MARA underperforms 64.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF N/A
Altman-Z 1.4
ROIC/WACCN/A
WACC10.48%
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 0.54 indicates that MARA may have some problems paying its short term obligations.
With a Current ratio value of 0.54, MARA is not doing good in the industry: 89.01% of the companies in the same industry are doing better.
A Quick Ratio of 0.54 indicates that MARA may have some problems paying its short term obligations.
With a Quick ratio value of 0.54, MARA is not doing good in the industry: 89.01% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.54
Quick Ratio 0.54
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

MARA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.26%.
Looking at the last year, MARA shows a quite strong growth in Revenue. The Revenue has grown by 9.35% in the last year.
MARA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 252.85% yearly.
EPS 1Y (TTM)-32.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%362.5%
Revenue 1Y (TTM)9.35%
Revenue growth 3Y60.35%
Revenue growth 5Y252.85%
Sales Q2Q%64.31%

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 -31.26% on average per year.
MARA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.43% yearly.
EPS Next Y46.03%
EPS Next 2Y-44.64%
EPS Next 3Y-31.26%
EPS Next 5YN/A
Revenue Next Year55.27%
Revenue Next 2Y39.25%
Revenue Next 3Y29.67%
Revenue Next 5Y6.43%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 500M 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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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 18.64, which indicates a rather expensive current valuation of MARA.
Based on the Price/Earnings ratio, MARA is valued a bit cheaper than 78.37% of the companies in the same industry.
MARA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.40.
The Forward Price/Earnings Ratio is negative for MARA. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 18.64
Fwd PE N/A
MARA Price Earnings VS Forward Price EarningsMARA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100 -150 -200

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 5 10

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MARA's earnings are expected to decrease with -31.26% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y-44.64%
EPS Next 3Y-31.26%

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0

5. Dividend

5.1 Amount

MARA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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MARA HOLDINGS INC

NASDAQ:MARA (10/17/2025, 8:26:28 PM)

After market: 19.72 +0.15 (+0.77%)

19.57

-0.7 (-3.43%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)07-29 2025-07-29/amc
Earnings (Next)11-05 2025-11-05/bmo
Inst Owners63.86%
Inst Owner Change0.11%
Ins Owners0.57%
Ins Owner Change-4.63%
Market Cap7.25B
Analysts75
Price Target22.72 (16.1%)
Short Float %29.29%
Short Ratio1.91
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)-1988.84%
Min EPS beat(2)-4177.95%
Max EPS beat(2)200.28%
EPS beat(4)2
Avg EPS beat(4)-1006.45%
Min EPS beat(4)-4177.95%
Max EPS beat(4)200.28%
EPS beat(8)5
Avg EPS beat(8)-195.98%
EPS beat(12)6
Avg EPS beat(12)-159.74%
EPS beat(16)6
Avg EPS beat(16)-187.06%
Revenue beat(2)1
Avg Revenue beat(2)-0.49%
Min Revenue beat(2)-6.36%
Max Revenue beat(2)5.37%
Revenue beat(4)2
Avg Revenue beat(4)-0.78%
Min Revenue beat(4)-14.9%
Max Revenue beat(4)12.77%
Revenue beat(8)3
Avg Revenue beat(8)-3.39%
Revenue beat(12)4
Avg Revenue beat(12)-7.89%
Revenue beat(16)5
Avg Revenue beat(16)-9.34%
PT rev (1m)-2.39%
PT rev (3m)9.76%
EPS NQ rev (1m)42.8%
EPS NQ rev (3m)85.71%
EPS NY rev (1m)242.86%
EPS NY rev (3m)6850.57%
Revenue NQ rev (1m)-1.18%
Revenue NQ rev (3m)9.09%
Revenue NY rev (1m)-0.97%
Revenue NY rev (3m)7.37%
Valuation
Industry RankSector Rank
PE 18.64
Fwd PE N/A
P/S 9.08
P/FCF N/A
P/OCF N/A
P/B 1.51
P/tB 1.54
EV/EBITDA N/A
EPS(TTM)1.05
EY5.37%
EPS(NY)-0.08
Fwd EYN/A
FCF(TTM)-3.34
FCFYN/A
OCF(TTM)-2.3
OCFYN/A
SpS2.16
BVpS12.93
TBVpS12.71
PEG (NY)0.4
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 8.79%
ROE 14.17%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 85.02%
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 Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 68.98%
Cap/Sales 48.21%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.54
Quick Ratio 0.54
Altman-Z 1.4
F-Score1
WACC10.48%
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)-32.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%362.5%
EPS Next Y46.03%
EPS Next 2Y-44.64%
EPS Next 3Y-31.26%
EPS Next 5YN/A
Revenue 1Y (TTM)9.35%
Revenue growth 3Y60.35%
Revenue growth 5Y252.85%
Sales Q2Q%64.31%
Revenue Next Year55.27%
Revenue Next 2Y39.25%
Revenue Next 3Y29.67%
Revenue Next 5Y6.43%
EBIT growth 1Y-75%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year296.27%
EBIT Next 3Y43%
EBIT Next 5Y-42.55%
FCF growth 1Y-195.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-206.1%
OCF growth 3YN/A
OCF growth 5YN/A