MARA Holdings (MARA) EV to CFO (2012 - 2026)
MARA Holdings' (MARA) quarterly EV to CFO came in at 22.11 in Q2 2026, up 34.94% year-over-year from 16.39 in Q2 2025, and down 105.47% quarter-over-quarter from 10.76 in Q1 2026.
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MARA Holdings (MARA) EV to CFO (2012 - 2026) Analysis & Trends
MARA Holdings has disclosed EV to CFO across 15 years of filings, most recently posting 22.11 for Q2 2026.
- In Q2 2026, EV to CFO rose 34.94% year-over-year to 22.11; the TTM figure through Jun 2026 stood at 5.53 (up 15.17% YoY), while the FY2025 annual figure was 3.54, up 54.74% from the prior year.
- EV to CFO came in at 22.11 for Q2 2026 at MARA Holdings, down from 10.76 in the prior quarter.
- In the past five years, EV to CFO ranged from a high of 3.04 in Q4 2022 to a low of 107.62 in Q1 2022.
- Average EV to CFO over 5 years is 30.76, with a median of 22.63 recorded in 2022.
- Year-over-year, EV to CFO soared 97.08% in 2022 and tumbled 1326.34% in 2023.
- Over 5 years, EV to CFO stood at 3.04 in 2022, then plunged by 1326.34% to 43.37 in 2023, then surged by 61.0% to 16.92 in 2024, then climbed by 25.16% to 12.66 in 2025, then tumbled by 74.66% to 22.11 in 2026.
- Per Business Quant data, the three most recent EV to CFO figures were 22.11 in Q2 2026, 10.76 in Q1 2026, and 12.66 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -22.11 |
| Mar 31, 2026 | -10.76 |
| Dec 31, 2025 | -12.66 |
| Sep 30, 2025 | -30.54 |
| Jun 30, 2025 | -33.99 |
| Mar 31, 2025 | -17.48 |
| Dec 31, 2024 | -16.92 |
| Sep 30, 2024 | -29.70 |
| Jun 30, 2024 | -47.02 |
| Mar 31, 2024 | -64.61 |
| Dec 31, 2023 | -43.37 |
| Sep 30, 2023 | -14.00 |
| Jun 30, 2023 | -39.92 |
| Mar 31, 2023 | -14.58 |
| Dec 31, 2022 | -3.04 |
| Sep 30, 2022 | -23.09 |
| Jun 30, 2022 | -22.18 |
| Mar 31, 2022 | -107.62 |
| Dec 31, 2021 | 118.62 |
| Sep 30, 2021 | -83.24 |