Financial - Capital Markets
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BITF vs MARA vs RIOT
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
Financial - Capital Markets
BITF vs MARA vs RIOT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Financial - Capital Markets | Financial - Capital Markets | Financial - Capital Markets |
| Market Cap | $1.29B | $4.95B | $8.98B |
| Revenue (TTM) | $193M | $907M | $647M |
| Net Income (TTM) | $-130M | $-1.31B | $-867M |
| Gross Margin | -16.8% | -47.7% | -15.6% |
| Operating Margin | -55.8% | -90.6% | -61.8% |
| Total Debt | $23M | $3.65B | $280M |
| Cash & Equiv. | $60M | $547M | $234M |
BITF vs MARA vs RIOT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | Apr 26 | Return |
|---|---|---|---|
| Bitfarms Ltd. (BITF) | 100 | 626.1 | +526.1% |
| Marathon Digital Ho… (MARA) | 100 | 1165.7 | +1065.7% |
| Riot Platforms, Inc. (RIOT) | 100 | 577.6 | +477.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BITF vs MARA vs RIOT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BITF has the current edge in this matchup, primarily because of its strength in sleep-well-at-night and bank quality.
- Lower volatility, beta 3.69, Low D/E 3.9%, current ratio 5.89x
- NIM 0.6% vs MARA's 0.1%
- Efficiency ratio 0.4% vs RIOT's 0.5% (lower = leaner)
MARA is the clearest fit if your priority is income & stability and defensive.
- beta 3.11
- Beta 3.11, current ratio 1.27x
- Better valuation composite
RIOT is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 71.9%, EPS growth -6.7%
- 7.8% 10Y total return vs BITF's 138.7%
- 71.9% NII/revenue growth vs BITF's 31.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 71.9% NII/revenue growth vs BITF's 31.8% | |
| Value | Better valuation composite | |
| Quality / Margins | Efficiency ratio 0.4% vs RIOT's 0.5% (lower = leaner) | |
| Stability / Safety | Beta 3.11 vs RIOT's 3.87 | |
| Dividends | Tie | None of these 3 stocks pay a meaningful dividend |
| Momentum (1Y) | +201.2% vs MARA's -0.9% | |
| Efficiency (ROA) | Efficiency ratio 0.4% vs RIOT's 0.5% |
BITF vs MARA vs RIOT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
BITF vs MARA vs RIOT — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
MARA leads in 1 of 6 categories
BITF leads 1 • RIOT leads 1 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — BITF and RIOT each lead in 2 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
MARA is the larger business by revenue, generating $907M annually — 4.7x BITF's $193M. BITF is the more profitable business, keeping -28.0% of every revenue dollar as net income compared to MARA's -144.6%.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $193M | $907M | $647M |
| EBITDAEarnings before interest/tax | $7M | $627M | -$450M |
| Net IncomeAfter-tax profit | -$130M | -$1.3B | -$867M |
| Free Cash FlowCash after capex | -$458M | -$312M | -$1.0B |
| Gross MarginGross profit ÷ Revenue | -16.8% | -47.7% | -15.6% |
| Operating MarginEBIT ÷ Revenue | -55.8% | -90.6% | -61.8% |
| Net MarginNet income ÷ Revenue | -28.0% | -144.6% | -102.4% |
| FCF MarginFCF ÷ Revenue | -2.5% | -34.4% | -119.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -71.4% | -4.8% | -60.0% |
Valuation Metrics
MARA leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $1.3B | $5.0B | $9.0B |
| Enterprise ValueMkt cap + debt − cash | $1.3B | $8.1B | $9.0B |
| Trailing P/EPrice ÷ TTM EPS | -16.62x | -3.53x | -12.14x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — |
| EV / EBITDAEnterprise value multiple | 37.58x | — | — |
| Price / SalesMarket cap ÷ Revenue | 6.70x | 5.46x | 13.86x |
| Price / BookPrice ÷ Book value/share | 1.47x | 1.33x | 2.82x |
| Price / FCFMarket cap ÷ FCF | — | — | — |
Profitability & Efficiency
BITF leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
BITF delivers a -21.3% return on equity — every $100 of shareholder capital generates $-21 in annual profit, vs $-31 for MARA. BITF carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to MARA's 1.05x.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | -21.3% | -30.5% | -28.8% |
| ROA (TTM)Return on assets | -16.3% | -17.1% | -21.5% |
| ROICReturn on invested capital | -17.1% | -9.0% | -8.7% |
| ROCEReturn on capital employed | -22.9% | -12.1% | -11.0% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 3 | 3 |
| Debt / EquityFinancial leverage | 0.04x | 1.05x | 0.10x |
| Net DebtTotal debt minus cash | -$36M | $3.1B | $46M |
| Cash & Equiv.Liquid assets | $60M | $547M | $234M |
| Total DebtShort + long-term debt | $23M | $3.6B | $280M |
| Interest CoverageEBIT ÷ Interest expense | -24.35x | 4.73x | -16.47x |
Total Returns (Dividends Reinvested)
RIOT leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RIOT five years ago would be worth $7,078 today (with dividends reinvested), compared to $4,150 for MARA. Over the past 12 months, RIOT leads with a +201.2% total return vs MARA's -0.9%. The 3-year compound annual growth rate (CAGR) favors RIOT at 31.2% vs MARA's 11.8% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | -16.9% | +31.5% | +67.2% |
| 1-Year ReturnPast 12 months | +120.0% | -0.9% | +201.2% |
| 3-Year ReturnCumulative with dividends | +101.9% | +39.7% | +125.7% |
| 5-Year ReturnCumulative with dividends | -56.8% | -58.5% | -29.2% |
| 10-Year ReturnCumulative with dividends | +138.7% | -50.3% | +778.2% |
| CAGR (3Y)Annualised 3-year return | +26.4% | +11.8% | +31.2% |
Risk & Volatility
Evenly matched — MARA and RIOT each lead in 1 of 2 comparable metrics.
Risk & Volatility
MARA is the less volatile stock with a 3.11 beta — it tends to amplify market swings less than RIOT's 3.87 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RIOT currently trades 98.9% from its 52-week high vs BITF's 32.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 3.69x | 3.11x | 3.87x |
| 52-Week HighHighest price in past year | $6.60 | $23.45 | $23.94 |
| 52-Week LowLowest price in past year | $0.70 | $6.66 | $7.66 |
| % of 52W HighCurrent price vs 52-week peak | +32.7% | +55.6% | +98.9% |
| RSI (14)Momentum oscillator 0–100 | 42.3 | 64.4 | 66.1 |
| Avg Volume (50D)Average daily shares traded | 32.5M | 47.9M | 18.2M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: BITF as "Buy", MARA as "Buy", RIOT as "Buy". Consensus price targets imply 124.1% upside for BITF (target: $5) vs 17.8% for RIOT (target: $28).
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $4.84 | $16.13 | $27.90 |
| # AnalystsCovering analysts | 4 | 19 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | 2 |
| Dividend / ShareAnnual DPS | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.9% | +0.0% |
MARA leads in 1 of 6 categories (Valuation Metrics). BITF leads in 1 (Profitability & Efficiency). 2 tied.
BITF vs MARA vs RIOT: Key Questions Answered
8 questions · data-driven answers · updated daily
01Is BITF or MARA or RIOT a better buy right now?
For growth investors, Riot Platforms, Inc.
(RIOT) is the stronger pick with 71. 9% revenue growth year-over-year, versus 31. 8% for Bitfarms Ltd. (BITF). Analysts rate Bitfarms Ltd. (BITF) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — BITF or MARA or RIOT?
Over the past 5 years, Riot Platforms, Inc.
(RIOT) delivered a total return of -29. 2%, compared to -58. 5% for Marathon Digital Holdings, Inc. (MARA). Over 10 years, the gap is even starker: RIOT returned +778. 2% versus MARA's -50. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BITF or MARA or RIOT?
By beta (market sensitivity over 5 years), Marathon Digital Holdings, Inc.
(MARA) is the lower-risk stock at 3. 11β versus Riot Platforms, Inc. 's 3. 87β — meaning RIOT is approximately 25% more volatile than MARA relative to the S&P 500. On balance sheet safety, Bitfarms Ltd. (BITF) carries a lower debt/equity ratio of 4% versus 105% for Marathon Digital Holdings, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — BITF or MARA or RIOT?
By revenue growth (latest reported year), Riot Platforms, Inc.
(RIOT) is pulling ahead at 71. 9% versus 31. 8% for Bitfarms Ltd. (BITF). On earnings-per-share growth, the picture is similar: Bitfarms Ltd. grew EPS 69. 0% year-over-year, compared to -673. 5% for Riot Platforms, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — BITF or MARA or RIOT?
Bitfarms Ltd.
(BITF) is the more profitable company, earning -28. 0% net margin versus -144. 6% for Marathon Digital Holdings, Inc. — meaning it keeps -28. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BITF leads at -55. 8% versus -90. 6% for MARA. At the gross margin level — before operating expenses — RIOT leads at -15. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — BITF or MARA or RIOT?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is BITF or MARA or RIOT better for a retirement portfolio?
For long-horizon retirement investors, Riot Platforms, Inc.
(RIOT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+778. 2% 10Y return). Marathon Digital Holdings, Inc. (MARA) carries a higher beta of 3. 11 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (RIOT: +778. 2%, MARA: -50. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between BITF and MARA and RIOT?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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