MARA Holdings (MARA) Ratios
MARA Holdings Ratios
MX:MARA's free cash flow for Q2 2026 was $-565.56M. For the 2026 fiscal year, MX:MARA's free cash flow was decreased by $-94.30M and operating cash flow was $-471.26M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.27 | 4.94 | 30.51 | 10.63 | 60.82 |
| Quick Ratio | 1.27 | 4.94 | 30.09 | 10.63 | 60.82 |
| Cash Ratio | 1.05 | 4.12 | 10.58 | 3.97 | 23.87 |
| Solvency Ratio | -0.14 | 0.36 | 1.17 | -0.76 | -0.03 |
| Operating Cash Flow Ratio | 0.18 | -7.11 | -9.35 | -6.76 | -1.62 |
| Short-Term Operating Cash Flow Coverage | 0.24 | 0.00 | -2545.57 | 0.00 | 0.00 |
| Net Current Asset Value | $ -3.15B | $ -2.20B | $ 654.75M | $ -531.75M | $ -78.00M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.50 | 0.36 | 0.16 | 0.66 | 0.50 |
| Debt-to-Equity Ratio | 1.05 | 0.60 | 0.20 | 2.03 | 1.07 |
| Debt-to-Capital Ratio | 0.51 | 0.37 | 0.17 | 0.67 | 0.52 |
| Long-Term Debt-to-Capital Ratio | 0.48 | 0.37 | 0.17 | 0.67 | 0.52 |
| Financial Leverage Ratio | 2.10 | 1.65 | 1.23 | 3.10 | 2.12 |
| Debt Service Coverage Ratio | -1.10 | 75.46 | 43.06 | -40.07 | -13.14 |
| Interest Coverage Ratio | -16.99 | 23.55 | 21.34 | -44.96 | -36.70 |
| Debt to Market Cap | 1.13 | 0.50 | 0.08 | 2.02 | 0.22 |
| Interest Debt Per Share | 10.40 | 8.58 | 1.83 | 7.04 | 7.35 |
| Net Debt to EBITDA | -5.66 | 1.97 | -0.07 | -1.09 | 235.34 |
| Profitability Margins | |||||
| Gross Profit Margin | -47.73% | -24.28% | -3.96% | -28.59% | 73.36% |
| EBIT Margin | -145.51% | 95.90% | 74.31% | -597.24% | -8.14% |
| EBITDA Margin | -60.32% | 160.90% | 120.63% | -530.40% | 1.23% |
| Operating Profit Margin | -90.64% | 46.64% | 57.01% | -572.00% | -36.18% |
| Pretax Profit Margin | -150.84% | 93.92% | 71.64% | -609.97% | -9.12% |
| Net Profit Margin | -144.58% | 82.46% | 67.40% | -589.39% | -23.31% |
| Continuous Operations Profit Margin | -144.63% | 82.42% | 67.40% | -589.39% | -23.31% |
| Net Income Per EBT | 95.85% | 87.79% | 94.08% | 96.63% | 255.48% |
| EBT Per EBIT | 166.42% | 201.40% | 125.66% | 106.64% | 25.21% |
| Return on Assets (ROA) | -18.00% | 7.96% | 13.12% | -58.07% | -2.57% |
| Return on Equity (ROE) | -37.78% | 13.11% | 16.16% | -179.83% | -5.44% |
| Return on Capital Employed (ROCE) | -12.15% | 4.56% | 11.29% | -57.61% | -4.02% |
| Return on Invested Capital (ROIC) | -11.00% | 4.01% | 10.62% | -55.65% | -4.02% |
| Return on Tangible Assets | -18.00% | 8.06% | 13.12% | -58.08% | -2.57% |
| Earnings Yield | -41.12% | 11.13% | 6.05% | -178.84% | -1.14% |
| Efficiency Ratios | |||||
| Receivables Turnover | 48.93 | 103.45 | 185.32 | 6541.83 | 5.91 |
| Payables Turnover | 106.81 | 64.97 | 35.52 | 115.41 | 5.45 |
| Inventory Turnover | 0.00 | 0.00 | 28.43 | 0.00 | 0.00 |
| Fixed Asset Turnover | 0.60 | 0.42 | 0.58 | 0.43 | 0.58 |
| Asset Turnover | 0.12 | 0.10 | 0.19 | 0.10 | 0.11 |
| Working Capital Turnover Ratio | 3.51 | 0.96 | 0.62 | 0.25 | 0.33 |
| Cash Conversion Cycle | 4.04 | -2.09 | 4.53 | -3.11 | -5.16 |
| Days of Sales Outstanding | 7.46 | 3.53 | 1.97 | 0.06 | 61.76 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 12.84 | 0.00 | 0.00 |
| Days of Payables Outstanding | 3.42 | 5.62 | 10.28 | 3.16 | 66.92 |
| Operating Cycle | 7.46 | 3.53 | 14.81 | 0.06 | 61.76 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.27 | -2.33 | -1.72 | -1.56 | -0.18 |
| Free Cash Flow Per Share | -0.88 | -3.21 | -1.87 | -1.92 | -7.32 |
| Dividend Paid and CapEx Coverage Ratio | 0.23 | -2.67 | -11.43 | -4.29 | -0.03 |
| Capital Expenditure Coverage Ratio | 0.23 | -2.67 | -11.43 | -4.29 | -0.03 |
| Operating Cash Flow Coverage Ratio | 0.03 | -0.27 | -0.97 | -0.23 | -0.03 |
| Operating Cash Flow to Sales Ratio | 0.10 | -1.03 | -0.81 | -1.50 | -0.11 |
| Free Cash Flow Yield | -9.79% | -19.14% | -7.95% | -56.07% | -22.28% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -2.43 | 8.97 | 16.54 | -0.56 | -87.99 |
| Price-to-Sales (P/S) Ratio | 3.52 | 7.41 | 11.14 | 3.30 | 20.51 |
| Price-to-Book (P/B) Ratio | 0.92 | 1.18 | 2.67 | 1.01 | 4.79 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -10.21 | -5.23 | -12.58 | -1.78 | -4.49 |
| Price-to-Operating Cash Flow Ratio | 33.67 | -7.18 | -13.68 | -2.20 | -179.17 |
| Price-to-Earnings Growth (PEG) Ratio | 0.01 | 0.27 | -0.13 | -0.00 | -0.48 |
| Enterprise Value Multiple | -11.49 | 6.58 | 9.17 | -1.71 | 1905.88 |
| Enterprise Value | 6.29B | 6.94B | 4.29B | 1.07B | 3.72B |
| EV to EBITDA | -11.49 | 6.58 | 9.17 | -1.71 | 1905.88 |
| EV to Sales | 6.93 | 10.58 | 11.06 | 9.07 | 23.40 |
| EV to Free Cash Flow | -20.13 | -7.46 | -12.49 | -4.91 | -5.12 |
| EV to Operating Cash Flow | 66.38 | -10.26 | -13.58 | -6.05 | -204.41 |
| Tangible Book Value Per Share | 9.79 | 13.97 | 8.79 | 3.40 | 6.86 |
| Shareholders’ Equity Per Share | 9.77 | 14.24 | 8.79 | 3.40 | 6.87 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.04 | 0.12 | 0.06 | 0.03 | -1.55 |
| Revenue Per Share | 2.55 | 2.26 | 2.11 | 1.04 | 1.60 |
| Net Income Per Share | -3.69 | 1.87 | 1.42 | -6.12 | -0.37 |
| Tax Burden | 0.96 | 0.88 | 0.94 | 0.97 | 2.55 |
| Interest Burden | 1.04 | 0.98 | 0.96 | 1.02 | 1.12 |
| Research & Development to Revenue | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 |
| SG&A to Revenue | 0.39 | 0.41 | 0.25 | 0.70 | 1.10 |
| Stock-Based Compensation to Revenue | 0.19 | 0.24 | 0.08 | 0.21 | 1.01 |
| Income Quality | -20.16 | -1.25 | -1.21 | 0.26 | 0.50 |
Currency in USD