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ARBKL vs HUT vs MARA vs RIOT
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
Financial - Capital Markets
Financial - Capital Markets
ARBKL vs HUT vs MARA vs RIOT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Asset Management - Cryptocurrency | Financial - Capital Markets | Financial - Capital Markets | Financial - Capital Markets |
| Market Cap | — | $11.22B | $4.83B | $9.14B |
| Revenue (TTM) | $47M | $15M | $907M | $647M |
| Net Income (TTM) | $-55M | $-312M | $-1.31B | $-867M |
| Gross Margin | 33.2% | -6.1% | -47.7% | -15.6% |
| Operating Margin | -32.6% | -21.0% | -90.6% | -61.8% |
| Total Debt | $40M | $429M | $3.65B | $280M |
| Cash & Equiv. | $9M | $45M | $547M | $234M |
ARBKL vs HUT vs MARA vs RIOT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 21 | Dec 25 | Return |
|---|---|---|---|
| Argo Blockchain plc… (ARBKL) | 100 | 21.9 | -78.1% |
| Hut 8 Corp. (HUT) | 100 | 74.7 | -25.3% |
| Marathon Digital Ho… (MARA) | 100 | 23.1 | -76.9% |
| Riot Platforms, Inc. (RIOT) | 100 | 43.2 | -56.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ARBKL vs HUT vs MARA vs RIOT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ARBKL is the #2 pick in this set and the best alternative if income & stability and defensive is your priority.
- beta 1.69
- Beta 1.69, current ratio 1.24x
- Beta 1.69 vs HUT's 4.51
HUT is the clearest fit if your priority is momentum.
- +7.0% vs ARBKL's -5.3%
MARA carries the broadest edge in this set and is the clearest fit for sleep-well-at-night.
- Lower volatility, beta 3.11, current ratio 1.27x
- Better valuation composite
- Efficiency ratio 0.4% vs HUT's 14.9% (lower = leaner)
- Efficiency ratio 0.4% vs HUT's 14.9%
RIOT is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 71.9%, EPS growth -6.7%
- 7.9% 10Y total return vs HUT's 462.4%
- 71.9% NII/revenue growth vs HUT's -90.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 71.9% NII/revenue growth vs HUT's -90.7% | |
| Value | Better valuation composite | |
| Quality / Margins | Efficiency ratio 0.4% vs HUT's 14.9% (lower = leaner) | |
| Stability / Safety | Beta 1.69 vs HUT's 4.51 | |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | +7.0% vs ARBKL's -5.3% | |
| Efficiency (ROA) | Efficiency ratio 0.4% vs HUT's 14.9% |
ARBKL vs HUT vs MARA vs RIOT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ARBKL vs HUT vs MARA vs RIOT — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
ARBKL leads in 1 of 6 categories
MARA leads 1 • RIOT leads 1 • HUT leads 1 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
ARBKL leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
MARA is the larger business by revenue, generating $907M annually — 60.1x HUT's $15M. Profitability is closely matched — net margins range from -102.4% (RIOT) to -15.0% (HUT).
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $47M | $15M | $907M | $647M |
| EBITDAEarnings before interest/tax | -$132,000 | -$389M | $627M | -$450M |
| Net IncomeAfter-tax profit | -$55M | -$312M | -$1.3B | -$867M |
| Free Cash FlowCash after capex | -$45M | -$892M | -$312M | -$1.0B |
| Gross MarginGross profit ÷ Revenue | +33.2% | -6.1% | -47.7% | -15.6% |
| Operating MarginEBIT ÷ Revenue | -32.6% | -21.0% | -90.6% | -61.8% |
| Net MarginNet income ÷ Revenue | -117.2% | -15.0% | -144.6% | -102.4% |
| FCF MarginFCF ÷ Revenue | -95.3% | -22.7% | -34.4% | -119.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -26.2% | -52.3% | -4.8% | -60.0% |
Valuation Metrics
MARA leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | — | $11.2B | $4.8B | $9.1B |
| Enterprise ValueMkt cap + debt − cash | — | $11.6B | $7.9B | $9.2B |
| Trailing P/EPrice ÷ TTM EPS | -58.50x | -47.28x | -3.44x | -12.36x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | — | — |
| Price / SalesMarket cap ÷ Revenue | — | 743.95x | 5.32x | 14.12x |
| Price / BookPrice ÷ Book value/share | — | 6.31x | 1.30x | 2.87x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — |
Profitability & Efficiency
RIOT leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
HUT delivers a -17.7% return on equity — every $100 of shareholder capital generates $-18 in annual profit, vs $-31 for MARA. RIOT carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to MARA's 1.05x. On the Piotroski fundamental quality scale (0–9), ARBKL scores 3/9 vs HUT's 2/9, reflecting mixed financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | — | -17.7% | -30.5% | -28.8% |
| ROA (TTM)Return on assets | -2.9% | -11.2% | -17.1% | -21.5% |
| ROICReturn on invested capital | -31.3% | -13.8% | -9.0% | -8.7% |
| ROCEReturn on capital employed | -52.7% | -17.0% | -12.1% | -11.0% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 2 | 3 | 3 |
| Debt / EquityFinancial leverage | — | 0.25x | 1.05x | 0.10x |
| Net DebtTotal debt minus cash | $32M | $384M | $3.1B | $46M |
| Cash & Equiv.Liquid assets | $9M | $45M | $547M | $234M |
| Total DebtShort + long-term debt | $40M | $429M | $3.6B | $280M |
| Interest CoverageEBIT ÷ Interest expense | -3.08x | -9.18x | 4.73x | -16.47x |
Total Returns (Dividends Reinvested)
HUT leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HUT five years ago would be worth $39,601 today (with dividends reinvested), compared to $4,054 for MARA. Over the past 12 months, HUT leads with a +699.2% total return vs ARBKL's -5.3%. The 3-year compound annual growth rate (CAGR) favors HUT at 124.4% vs MARA's 10.8% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | — | +97.3% | +28.2% | +70.3% |
| 1-Year ReturnPast 12 months | -5.3% | +699.2% | -4.7% | +207.5% |
| 3-Year ReturnCumulative with dividends | +54.9% | +1030.5% | +36.1% | +129.8% |
| 5-Year ReturnCumulative with dividends | -44.9% | +296.0% | -59.5% | -27.8% |
| 10-Year ReturnCumulative with dividends | -44.9% | +462.4% | -51.6% | +787.3% |
| CAGR (3Y)Annualised 3-year return | +15.7% | +124.4% | +10.8% | +32.0% |
Risk & Volatility
Evenly matched — ARBKL and RIOT each lead in 1 of 2 comparable metrics.
Risk & Volatility
ARBKL is the less volatile stock with a 1.69 beta — it tends to amplify market swings less than HUT's 4.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RIOT currently trades 99.9% from its 52-week high vs MARA's 54.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.69x | 4.51x | 3.11x | 3.87x |
| 52-Week HighHighest price in past year | $7.00 | $111.33 | $23.45 | $24.14 |
| 52-Week LowLowest price in past year | $1.04 | $12.45 | $6.66 | $7.68 |
| % of 52W HighCurrent price vs 52-week peak | +75.7% | +90.9% | +54.2% | +99.9% |
| RSI (14)Momentum oscillator 0–100 | 61.3 | 82.5 | 69.6 | 74.5 |
| Avg Volume (50D)Average daily shares traded | 5.1M | 4.6M | 47.6M | 18.4M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: HUT as "Buy", MARA as "Buy", RIOT as "Buy". Consensus price targets imply 27.0% upside for MARA (target: $16) vs -22.4% for HUT (target: $79).
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $78.50 | $16.13 | $27.90 |
| # AnalystsCovering analysts | — | 15 | 19 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | — | 2 |
| Dividend / ShareAnnual DPS | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | — | 0.0% | +1.0% | +0.0% |
ARBKL leads in 1 of 6 categories (Income & Cash Flow). MARA leads in 1 (Valuation Metrics). 1 tied.
ARBKL vs HUT vs MARA vs RIOT: Key Questions Answered
8 questions · data-driven answers · updated daily
01Is ARBKL or HUT 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 -90. 7% for Hut 8 Corp. (HUT). Analysts rate Hut 8 Corp. (HUT) a "Buy" — based on 15 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 — ARBKL or HUT or MARA or RIOT?
Over the past 5 years, Hut 8 Corp.
(HUT) delivered a total return of +296. 0%, compared to -59. 5% for Marathon Digital Holdings, Inc. (MARA). Over 10 years, the gap is even starker: RIOT returned +787. 3% versus MARA's -51. 6%. 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 — ARBKL or HUT or MARA or RIOT?
By beta (market sensitivity over 5 years), Argo Blockchain plc 8.
75% Senior Notes due 2026 (ARBKL) is the lower-risk stock at 1. 69β versus Hut 8 Corp. 's 4. 51β — meaning HUT is approximately 166% more volatile than ARBKL relative to the S&P 500. On balance sheet safety, Riot Platforms, Inc. (RIOT) carries a lower debt/equity ratio of 10% versus 105% for Marathon Digital Holdings, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — ARBKL or HUT or MARA or RIOT?
By revenue growth (latest reported year), Riot Platforms, Inc.
(RIOT) is pulling ahead at 71. 9% versus -90. 7% for Hut 8 Corp. (HUT). On earnings-per-share growth, the picture is similar: Argo Blockchain plc 8. 75% Senior Notes due 2026 grew EPS -30. 4% 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 — ARBKL or HUT or MARA or RIOT?
Riot Platforms, Inc.
(RIOT) is the more profitable company, earning -102. 4% net margin versus -1499. 6% for Hut 8 Corp. — meaning it keeps -102. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ARBKL leads at -32. 6% versus -21. 0% for HUT. At the gross margin level — before operating expenses — ARBKL leads at 33. 2%, 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 — ARBKL or HUT 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 ARBKL or HUT 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 (+787. 3% 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: +787. 3%, MARA: -51. 6%), 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 ARBKL and HUT 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.
In terms of investment character: ARBKL is a small-cap quality compounder stock; HUT is a mid-cap quality compounder stock; MARA is a small-cap high-growth stock; RIOT is a small-cap high-growth stock. 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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