Last 47 quarters of trend data · Technology · Bitcoin Miners
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.70 | — | — | — | 16.91 | 2.13 | — | 3.35 | — | — | 4.48 | 6.12 | 6.25 | — | 3.03 | — | — | — | — | 82.15 | — |
| — | — | — | — | — | — | — | -45.2% | — | — | +48.0% | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 3.18 | 7.86 | 4.73 | 4.21 | 8.96 | 7.66 | 4.85 | 8.53 | 9.25 | 9.62 | 9.23 | 8.81 | 4.23 | 7.40 | 7.33 | 4.51 | 34.91 | 6.90 | 14.73 | 14.36 | 15.39 |
| — | +2.6% | -2.5% | -50.7% | -3.2% | -20.4% | -47.4% | -3.2% | +118.9% | +30.0% | +25.9% | +95.4% | -87.9% | +7.2% | -50.3% | -68.6% | +126.8% | -74.1% | -88.3% | -82.3% | -16.8% | |
| P/B Ratio | 0.65 | 3.01 | 1.33 | 0.92 | 1.66 | 1.44 | 1.06 | 1.70 | 1.68 | 2.09 | 2.44 | 3.39 | 1.58 | 3.83 | 2.54 | 1.11 | 2.00 | 0.89 | 3.72 | 4.95 | 4.82 |
| — | +109.0% | +25.3% | -46.1% | -1.0% | -31.1% | -56.5% | -49.8% | +6.1% | -45.3% | -4.0% | +205.6% | -20.9% | +331.8% | -31.7% | -77.6% | -58.6% | -83.5% | -44.9% | +80.1% | +183.1% | |
| P/FCF | — | — | — | — | — | — | — | — | — | 353.06 | 32.18 | 22.01 | — | — | — | — | — | — | — | — | 15.94 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 302.08 | — | — | — | 13.26 | 2.81 | — | 4.77 | — | — | 3.36 | 32.13 | — | 23.68 | 3.57 | — | — | — | — | 33.61 | — |
| — | — | — | — | — | — | — | -85.2% | — | — | -5.9% | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | 16.42 | 2.29 | — | 3.48 | — | — | 4.03 | 5.66 | 206.78 | — | 4.08 | — | — | — | — | 26.54 | — |
| — | — | — | — | — | — | — | -38.5% | — | — | -1.2% | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -50.4% | 74.8% | -99.1% | -127.3% | 87.3% | 87.2% | 83.6% | -25.6% | -51.8% | 35.6% | 97.1% | 6.9% | -16.1% | -13.6% | 0.0% | -63.8% | -306.3% | -77.8% | 51.8% | 60.7% | 80.2% |
| — | -14.2% | -218.6% | -397.5% | +268.5% | +144.6% | -13.9% | -471.9% | -222.3% | +362.0% | +209065.1% | +110.8% | +94.8% | +82.5% | -99.9% | -205.1% | -482.2% | -202.2% | +110.4% | +144.0% | +147.3% | |
| Operating Margin | -95.7% | -158.9% | -151.8% | -175.1% | 19.9% | 301.3% | -265.3% | 165.3% | -133.2% | -161.6% | 225.5% | -18.4% | -84.1% | -7.7% | 257.7% | -1786.1% | -492.6% | -935.8% | -29.7% | 36.8% | -43.4% |
| — | -152.8% | +42.8% | -206.0% | +114.9% | +286.4% | -217.6% | +1000.3% | -58.4% | -2002.7% | -12.5% | +99.0% | +82.9% | +99.2% | +966.5% | -4948.6% | -1035.2% | -148.8% | +94.2% | +119.7% | +81.8% | |
| Net Margin | -152.7% | -361.6% | -768.6% | -902.3% | 51.4% | 358.2% | -261.4% | 256.1% | -96.5% | -138.9% | 205.7% | 143.6% | -0.4% | -11.4% | 250.6% | -1711.9% | -810.7% | -1004.1% | -26.3% | 19.6% | -42.9% |
| — | -200.9% | -194.0% | -452.3% | +153.2% | +357.9% | -227.1% | +78.3% | -23484.4% | -1122.9% | -17.9% | +108.4% | +99.9% | +98.9% | +1053.6% | -8820.7% | -1790.6% | -170.4% | -102.9% | +109.9% | +82.0% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -34.5% | -29.8% | -43.4% | -39.5% | 2.5% | 19.0% | -13.6% | 15.1% | -4.5% | -7.8% | 16.5% | 17.0% | -0.0% | -1.6% | 25.5% | -80.5% | -11.3% | -29.7% | -1.8% | 1.7% | -3.6% |
| — | -257.1% | -219.8% | -361.4% | +154.4% | +343.1% | -182.3% | -10.8% | -9396.2% | -403.1% | -35.3% | +121.1% | +99.6% | +94.8% | +1543.5% | -4785.5% | -215.7% | -72.2% | -110.5% | +157.1% | +58.8% | |
| ROA | -18.6% | -13.1% | -20.6% | -20.8% | 1.5% | 11.4% | -8.1% | 10.2% | -3.7% | -6.6% | 13.6% | 13.2% | -0.0% | -0.7% | 9.5% | -30.5% | -4.9% | -14.0% | -0.9% | 1.1% | -3.6% |
| — | -214.9% | -155.7% | -304.3% | +139.2% | +273.6% | -159.1% | -23.1% | -13067.8% | -881.9% | +43.5% | +143.5% | +99.4% | +95.2% | +1202.2% | -2885.7% | -36.6% | +18.6% | -105.2% | +136.6% | +57.0% | |
| ROIC | -9.0% | -4.5% | -3.1% | -3.1% | 0.4% | 7.4% | -6.3% | 5.1% | -4.0% | -6.0% | 11.7% | -1.3% | -4.5% | -0.3% | 7.5% | -24.7% | -2.3% | -10.1% | -0.7% | 1.6% | -2.7% |
| — | -160.3% | +49.9% | -161.7% | +111.0% | +223.0% | -153.7% | +488.6% | +10.8% | -1632.0% | +55.9% | +94.7% | -91.7% | +96.6% | +1098.7% | -1676.5% | +14.1% | +22.5% | +89.4% | +173.4% | +58.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.05 | 1.40 | 1.06 | 1.05 | 0.70 | 0.55 | 0.71 | 0.60 | 0.22 | 0.13 | 0.14 | 0.20 | 0.32 | 1.20 | 1.35 | 2.03 | 1.25 | 1.16 | 0.94 | 1.07 | — |
| — | +154.1% | +49.3% | +75.3% | +214.5% | +320.1% | +414.4% | +196.3% | -29.9% | -89.1% | -89.8% | -90.1% | -74.5% | +3.6% | +42.5% | +90.1% | — | — | +1037191.2% | +180591.5% | — | |
| Debt / EBITDA | — | — | — | — | 16.95 | 3.14 | — | 5.17 | — | — | 0.75 | 7.69 | — | 23.55 | 5.25 | — | — | — | — | 25.54 | — |
| — | — | — | — | — | — | — | -32.7% | — | — | -85.6% | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.27 | 0.89 | 1.84 | 1.27 | 2.09 | 0.54 | 0.79 | 4.94 | 4.00 | 3.75 | 23.07 | 30.51 | 11.33 | 14.91 | 16.22 | 10.63 | 5.27 | 4.02 | 40.00 | 60.82 | 141.32 |
| — | +66.1% | +132.7% | -74.2% | -47.7% | -85.7% | -96.6% | -83.8% | -64.7% | -74.9% | +42.2% | +187.0% | +115.0% | +271.0% | -59.5% | -82.5% | -96.3% | -97.3% | -81.8% | -69.3% | +407.5% | |
| Quick Ratio | 1.27 | 0.89 | 1.84 | 1.27 | 2.09 | 0.54 | 0.79 | 4.94 | 4.00 | 3.75 | 23.07 | 30.51 | 11.33 | 14.91 | 16.22 | 10.63 | 5.27 | 4.02 | 40.00 | 60.82 | 141.32 |
| — | +66.1% | +132.7% | -74.2% | -47.7% | -85.7% | -96.6% | -83.8% | -64.7% | -74.9% | +42.2% | +187.0% | +115.0% | +271.0% | -59.5% | -82.5% | -96.3% | -97.3% | -81.8% | -69.3% | +407.5% | |
| Interest Coverage | -27.28 | -96.50 | -23.22 | -146.39 | 13.60 | 80.21 | -64.65 | 81.53 | -73.27 | -167.97 | 299.75 | 198.26 | 0.88 | -2.08 | 32.59 | -90.82 | -19.94 | -52.83 | -5.08 | 23.05 | -77265.57 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MARA stock.
Marathon Digital Holdings, Inc.'s current P/E is -0.7x. The average P/E over the last 1 quarters is 16.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Marathon Digital Holdings, Inc.'s current operating margin is -95.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Marathon Digital Holdings, Inc.'s business trajectory between earnings reports.