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MARA HOLDINGS INC (MARA) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:MARA - US5657881067 - Common Stock

10.65 USD
+0.43 (+4.21%)
Last: 1/12/2026, 8:06:18 PM
10.59 USD
-0.06 (-0.56%)
After Hours: 1/12/2026, 8:06:18 PM
Fundamental Rating

4

Overall MARA gets a fundamental rating of 4 out of 10. We evaluated MARA against 276 industry peers in the Software industry. MARA may be in some trouble as it scores bad on both profitability and health. MARA is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year MARA was profitable.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

The Return On Assets of MARA (10.12%) is better than 82.97% of its industry peers.
MARA's Return On Equity of 17.96% is amongst the best of the industry. MARA outperforms 86.23% of its industry peers.
Industry RankSector Rank
ROA 10.12%
ROE 17.96%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 -400

1.3 Margins

MARA has a Profit Margin of 100.82%. This is amongst the best in the industry. MARA outperforms 95.65% 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) 100.82%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -2K -4K -6K

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3

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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

Based on the Altman-Z score of 0.58, we must say that MARA is in the distress zone and has some risk of bankruptcy.
MARA has a Altman-Z score of 0.58. This is in the lower half of the industry: MARA underperforms 68.48% of its industry peers.
MARA has a Debt/Equity ratio of 0.63. This is a neutral value indicating MARA is somewhat dependend on debt financing.
MARA has a Debt to Equity ratio of 0.63. This is in the lower half of the industry: MARA underperforms 68.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF N/A
Altman-Z 0.58
ROIC/WACCN/A
WACC9.8%
MARA Yearly LT Debt VS Equity VS FCFMARA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

MARA has a Current Ratio of 2.09. This indicates that MARA is financially healthy and has no problem in meeting its short term obligations.
MARA's Current ratio of 2.09 is fine compared to the rest of the industry. MARA outperforms 60.51% of its industry peers.
MARA has a Quick Ratio of 2.09. This indicates that MARA is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of MARA (2.09) is better than 61.23% of its industry peers.
Industry RankSector Rank
Current Ratio 2.09
Quick Ratio 2.09
MARA Yearly Current Assets VS Current LiabilitesMARA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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7

3. Growth

3.1 Past

MARA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 128.21%, which is quite impressive.
Looking at the last year, MARA shows a very strong growth in Revenue. The Revenue has grown by 20.32%.
The Revenue has been growing by 252.85% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)128.21%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%173.81%
Revenue 1Y (TTM)20.32%
Revenue growth 3Y60.35%
Revenue growth 5Y252.85%
Sales Q2Q%91.73%

3.2 Future

MARA is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -37.72% yearly.
The Revenue is expected to grow by 27.19% on average over the next years. This is a very strong growth
EPS Next Y-20.28%
EPS Next 2Y-47.24%
EPS Next 3Y-37.72%
EPS Next 5YN/A
Revenue Next Year49.71%
Revenue Next 2Y30.47%
Revenue Next 3Y23.64%
Revenue Next 5Y27.19%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
MARA Yearly Revenue VS EstimatesMARA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
MARA Yearly EPS VS EstimatesMARA Yearly EPS VS EstimatesYearly EPS VS Estimates 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

With a Price/Earnings ratio of 5.98, the valuation of MARA can be described as very cheap.
MARA's Price/Earnings ratio is rather cheap when compared to the industry. MARA is cheaper than 94.20% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.25, MARA is valued rather cheaply.
The Forward Price/Earnings Ratio is negative for MARA. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 5.98
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 20 -20 40 -40 -60

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

MARA's earnings are expected to decrease with -37.72% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-47.24%
EPS Next 3Y-37.72%

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0

5. Dividend

5.1 Amount

No dividends for MARA!.
Industry RankSector Rank
Dividend Yield 0%

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MARA HOLDINGS INC

NASDAQ:MARA (1/12/2026, 8:06:18 PM)

After market: 10.59 -0.06 (-0.56%)

10.65

+0.43 (+4.21%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-04 2025-11-04/bmo
Earnings (Next)02-24 2026-02-24/amc
Inst Owners77.68%
Inst Owner Change0.46%
Ins Owners0.47%
Ins Owner Change-4.25%
Market Cap4.03B
Revenue(TTM)919.17M
Net Income(TTM)926.69M
Analysts76.19
Price Target22.91 (115.12%)
Short Float %27.62%
Short Ratio2.47
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)84.39%
Min EPS beat(2)-31.5%
Max EPS beat(2)200.28%
EPS beat(4)2
Avg EPS beat(4)-998.97%
Min EPS beat(4)-4177.95%
Max EPS beat(4)200.28%
EPS beat(8)4
Avg EPS beat(8)-253.61%
EPS beat(12)6
Avg EPS beat(12)-155.42%
EPS beat(16)6
Avg EPS beat(16)-179.65%
Revenue beat(2)1
Avg Revenue beat(2)2.04%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)5.37%
Revenue beat(4)2
Avg Revenue beat(4)2.62%
Min Revenue beat(4)-6.36%
Max Revenue beat(4)12.77%
Revenue beat(8)3
Avg Revenue beat(8)-2.24%
Revenue beat(12)4
Avg Revenue beat(12)-4.59%
Revenue beat(16)5
Avg Revenue beat(16)-7.87%
PT rev (1m)-1.1%
PT rev (3m)0.85%
EPS NQ rev (1m)-206.67%
EPS NQ rev (3m)63.03%
EPS NY rev (1m)-24.54%
EPS NY rev (3m)-45.41%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)-11.9%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)-3.58%
Valuation
Industry RankSector Rank
PE 5.98
Fwd PE N/A
P/S 4.38
P/FCF N/A
P/OCF N/A
P/B 0.78
P/tB 0.79
EV/EBITDA N/A
EPS(TTM)1.78
EY16.71%
EPS(NY)-0.15
Fwd EYN/A
FCF(TTM)-3.5
FCFYN/A
OCF(TTM)-2.36
OCFYN/A
SpS2.43
BVpS13.64
TBVpS13.42
PEG (NY)N/A
PEG (5Y)N/A
Graham Number23.37
Profitability
Industry RankSector Rank
ROA 10.12%
ROE 17.96%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 100.82%
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
ROICexgc growth 3YN/A
ROICexgc 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 0.63
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 69.19%
Cap/Sales 46.97%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.09
Quick Ratio 2.09
Altman-Z 0.58
F-Score1
WACC9.8%
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)128.21%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%173.81%
EPS Next Y-20.28%
EPS Next 2Y-47.24%
EPS Next 3Y-37.72%
EPS Next 5YN/A
Revenue 1Y (TTM)20.32%
Revenue growth 3Y60.35%
Revenue growth 5Y252.85%
Sales Q2Q%91.73%
Revenue Next Year49.71%
Revenue Next 2Y30.47%
Revenue Next 3Y23.64%
Revenue Next 5Y27.19%
EBIT growth 1Y-41.24%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year257.35%
EBIT Next 3Y25.08%
EBIT Next 5Y36.19%
FCF growth 1Y-261.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-181%
OCF growth 3YN/A
OCF growth 5YN/A

MARA HOLDINGS INC / MARA FAQ

Can you provide the ChartMill fundamental rating for MARA HOLDINGS INC?

ChartMill assigns a fundamental rating of 4 / 10 to MARA.


What is the valuation status of MARA HOLDINGS INC (MARA) stock?

ChartMill assigns a valuation rating of 2 / 10 to MARA HOLDINGS INC (MARA). This can be considered as Overvalued.


What is the profitability of MARA stock?

MARA HOLDINGS INC (MARA) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for MARA stock?

The Price/Earnings (PE) ratio for MARA HOLDINGS INC (MARA) is 5.98 and the Price/Book (PB) ratio is 0.78.


How financially healthy is MARA HOLDINGS INC?

The financial health rating of MARA HOLDINGS INC (MARA) is 3 / 10.