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BTCT vs MARA
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
BTCT vs MARA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Education & Training Services | Financial - Capital Markets |
| Market Cap | $12M | $4.83B |
| Revenue (TTM) | $48M | $907M |
| Net Income (TTM) | $-35M | $-1.31B |
| Gross Margin | -18.8% | -47.7% |
| Operating Margin | -77.5% | -90.6% |
| Total Debt | $853K | $3.65B |
| Cash & Equiv. | $15M | $547M |
BTCT vs MARA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| BTC Digital Ltd. (BTCT) | 100 | 0.0 | -100.0% |
| Marathon Digital Ho… (MARA) | 100 | 1814.3 | +1714.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BTCT vs MARA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BTCT is the clearest fit if your priority is income & stability and sleep-well-at-night.
- beta 2.41
- Lower volatility, beta 2.41, Low D/E 2.1%, current ratio 27.49x
- Beta 2.41, current ratio 27.49x
MARA carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 38.2%, EPS growth -314.5%
- -51.6% 10Y total return vs BTCT's -100.0%
- 38.2% NII/revenue growth vs BTCT's 28.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 38.2% NII/revenue growth vs BTCT's 28.7% | |
| Quality / Margins | -73.9% margin vs MARA's -144.6% | |
| Stability / Safety | Beta 2.41 vs MARA's 3.11, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | -4.7% vs BTCT's -67.4% | |
| Efficiency (ROA) | -17.1% ROA vs BTCT's -23.4%, ROIC -9.0% vs -8.8% |
BTCT vs MARA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
BTCT vs MARA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BTCT leads this category, winning 4 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
MARA is the larger business by revenue, generating $907M annually — 18.9x BTCT's $48M. BTCT is the more profitable business, keeping -73.9% of every revenue dollar as net income compared to MARA's -144.6%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $48M | $907M |
| EBITDAEarnings before interest/tax | -$21M | $627M |
| Net IncomeAfter-tax profit | -$35M | -$1.3B |
| Free Cash FlowCash after capex | -$7M | -$312M |
| Gross MarginGross profit ÷ Revenue | -18.8% | -47.7% |
| Operating MarginEBIT ÷ Revenue | -77.5% | -90.6% |
| Net MarginNet income ÷ Revenue | -73.9% | -144.6% |
| FCF MarginFCF ÷ Revenue | -14.2% | -34.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.8% | — |
| EPS Growth (YoY)Latest quarter vs prior year | — | -4.8% |
Valuation Metrics
BTCT leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $12M | $4.8B |
| Enterprise ValueMkt cap + debt − cash | -$2M | $7.9B |
| Trailing P/EPrice ÷ TTM EPS | -83.78x | -3.44x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | -2.24x | — |
| Price / SalesMarket cap ÷ Revenue | 1.01x | 5.32x |
| Price / BookPrice ÷ Book value/share | 0.21x | 1.30x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
BTCT leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
BTCT delivers a -24.0% return on equity — every $100 of shareholder capital generates $-24 in annual profit, vs $-31 for MARA. BTCT carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to MARA's 1.05x. On the Piotroski fundamental quality scale (0–9), BTCT scores 4/9 vs MARA's 3/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -24.0% | -30.5% |
| ROA (TTM)Return on assets | -23.4% | -17.1% |
| ROICReturn on invested capital | -8.8% | -9.0% |
| ROCEReturn on capital employed | -9.0% | -12.1% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | 0.02x | 1.05x |
| Net DebtTotal debt minus cash | -$14M | $3.1B |
| Cash & Equiv.Liquid assets | $15M | $547M |
| Total DebtShort + long-term debt | $853,000 | $3.6B |
| Interest CoverageEBIT ÷ Interest expense | -1114.40x | 4.73x |
Total Returns (Dividends Reinvested)
MARA leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MARA five years ago would be worth $4,054 today (with dividends reinvested), compared to $21 for BTCT. Over the past 12 months, MARA leads with a -4.7% total return vs BTCT's -67.4%. The 3-year compound annual growth rate (CAGR) favors MARA at 10.8% vs BTCT's -33.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -23.9% | +28.2% |
| 1-Year ReturnPast 12 months | -67.4% | -4.7% |
| 3-Year ReturnCumulative with dividends | -70.5% | +36.1% |
| 5-Year ReturnCumulative with dividends | -99.8% | -59.5% |
| 10-Year ReturnCumulative with dividends | -100.0% | -51.6% |
| CAGR (3Y)Annualised 3-year return | -33.4% | +10.8% |
Risk & Volatility
Evenly matched — BTCT and MARA each lead in 1 of 2 comparable metrics.
Risk & Volatility
BTCT is the less volatile stock with a 2.41 beta — it tends to amplify market swings less than MARA's 3.11 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MARA currently trades 54.2% from its 52-week high vs BTCT's 25.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.41x | 3.11x |
| 52-Week HighHighest price in past year | $4.79 | $23.45 |
| 52-Week LowLowest price in past year | $1.07 | $6.66 |
| % of 52W HighCurrent price vs 52-week peak | +25.9% | +54.2% |
| RSI (14)Momentum oscillator 0–100 | 49.2 | 69.6 |
| Avg Volume (50D)Average daily shares traded | 97K | 47.6M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $16.13 |
| # AnalystsCovering analysts | — | 19 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.0% |
BTCT leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). MARA leads in 1 (Total Returns). 1 tied.
BTCT vs MARA: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is BTCT or MARA a better buy right now?
For growth investors, Marathon Digital Holdings, Inc.
(MARA) is the stronger pick with 38. 2% revenue growth year-over-year, versus 28. 7% for BTC Digital Ltd. (BTCT). Analysts rate Marathon Digital Holdings, Inc. (MARA) a "Buy" — based on 19 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 — BTCT or MARA?
Over the past 5 years, Marathon Digital Holdings, Inc.
(MARA) delivered a total return of -59. 5%, compared to -99. 8% for BTC Digital Ltd. (BTCT). Over 10 years, the gap is even starker: MARA returned -51. 6% versus BTCT's -100. 0%. 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 — BTCT or MARA?
By beta (market sensitivity over 5 years), BTC Digital Ltd.
(BTCT) is the lower-risk stock at 2. 41β versus Marathon Digital Holdings, Inc. 's 3. 11β — meaning MARA is approximately 29% more volatile than BTCT relative to the S&P 500. On balance sheet safety, BTC Digital Ltd. (BTCT) carries a lower debt/equity ratio of 2% versus 105% for Marathon Digital Holdings, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — BTCT or MARA?
By revenue growth (latest reported year), Marathon Digital Holdings, Inc.
(MARA) is pulling ahead at 38. 2% versus 28. 7% for BTC Digital Ltd. (BTCT). On earnings-per-share growth, the picture is similar: BTC Digital Ltd. grew EPS 60. 8% year-over-year, compared to -314. 5% for Marathon Digital Holdings, 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 — BTCT or MARA?
BTC Digital Ltd.
(BTCT) is the more profitable company, earning -17. 0% net margin versus -144. 6% for Marathon Digital Holdings, Inc. — meaning it keeps -17. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BTCT leads at -22. 9% versus -90. 6% for MARA. At the gross margin level — before operating expenses — BTCT leads at 1. 0%, 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 — BTCT or MARA?
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 BTCT or MARA better for a retirement portfolio?
For long-horizon retirement investors, Marathon Digital Holdings, Inc.
(MARA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. BTC Digital Ltd. (BTCT) carries a higher beta of 2. 41 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MARA: -51. 6%, BTCT: -100. 0%), 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 BTCT and MARA?
These companies operate in different sectors (BTCT (Consumer Defensive) and MARA (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
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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