MARA Holdings (MARA) EV to EBITDA (2014 - 2025)
MARA Holdings' EV to EBITDA came in at 5.29 for Q3 2025, down 40.3% from 8.86 a year earlier and down 17.7% from the prior quarter.
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Analysis
MARA Holdings (MARA) EV to EBITDA (2014 - 2025) Analysis & Trends
Over the trailing twelve months to Sep 30, 2025, MARA Holdings reported EV to EBITDA of 4.68, down 34.3% year-over-year; for FY2024, it was 7.02, down 28.0% from FY2023.
- Going back by year, EV to EBITDA was 9.75 in FY2023 and 240.54 in FY2021.
- The Q3 2025 figure represents the lowest quarterly EV to EBITDA since Q2 2016.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | PayPal Holdings | 49.67 Bn | 7.89 Bn | - |
| 2 | Block | 46.56 Bn | 17.86 Bn | 3.17 Bn |
| 3 | Coinbase Global | 45.63 Bn | 2.44 Bn | - |
| 4 | Corpay | 26.17 Bn | 16.06 Bn | - |
| 5 | Fiserv | 25.31 Bn | 21.98 Bn | 2.90 Bn |
| 6 | Global Payments | 22.57 Bn | 361.32 Mn | 2.03 Bn |
| 7 | Guidewire Software | 14.23 Bn | 10.79 Bn | 269.68 Mn |
| 8 | Bitmine Immersion Technologies | 11.95 Bn | 9.33 Bn | 40.81 Mn |
| 9 | Chime Financial | 11.27 Bn | 7.06 Bn | 594.87 Mn |
| 10 | MARA Holdings | 2.88 Bn | 572.29 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 5.28 |
| Jun 30, 2025 | 6.41 |
| Dec 31, 2024 | 6.99 |
| Sep 30, 2024 | 8.83 |
| Jun 30, 2024 | 9.28 |
| Mar 31, 2024 | 7.94 |
| Dec 31, 2023 | 9.67 |
| Sep 30, 2023 | 8.84 |
| Jun 30, 2023 | 13.40 |
| Jun 30, 2016 | 4.56 |
| Dec 31, 2014 | 50.74 |
| Sep 30, 2014 | 9.70 |
| Jun 30, 2014 | 23.54 |
| Mar 31, 2014 | 94.25 |
API Access
MARA Holdings EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=MARA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "MARA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=MARA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();