MARA Holdings (MARA) EV to FCF (2012 - 2026)
MARA Holdings' (MARA) quarterly EV to FCF came in at 20.74 in Q2 2026, down 5.43% year-over-year from 21.93 in Q2 2025, and down 154.67% quarter-over-quarter from 8.15 in Q1 2026.
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MARA Holdings (MARA) EV to FCF (2012 - 2026) Analysis & Trends
MARA Holdings has disclosed EV to FCF across 15 years of filings, most recently posting 20.74 for Q2 2026.
- In Q2 2026, EV to FCF fell 5.43% year-over-year to 20.74; the TTM figure through Jun 2026 stood at 3.99 (up 11.21% YoY), while the FY2025 annual figure was 2.35, up 58.84% from the prior year.
- EV to FCF came in at 20.74 for Q2 2026 at MARA Holdings, down from 8.15 in the prior quarter.
- In the past five years, EV to FCF ranged from a high of 2.47 in Q4 2022 to a low of 86.05 in Q1 2022.
- Average EV to FCF over 5 years is 25.22, with a median of 19.95 recorded in 2022.
- Year-over-year, EV to FCF surged 98.85% in 2022 and sank 1619.71% in 2023.
- Over 5 years, EV to FCF stood at 2.47 in 2022, then slumped by 1619.71% to 42.54 in 2023, then jumped by 75.07% to 10.61 in 2024, then surged by 31.07% to 7.31 in 2025, then sank by 183.74% to 20.74 in 2026.
- Per Business Quant data, the three most recent EV to FCF figures were 20.74 in Q2 2026, 8.15 in Q1 2026, and 7.31 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 | -20.74 |
| Mar 31, 2026 | -8.15 |
| Dec 31, 2025 | -7.31 |
| Sep 30, 2025 | -21.41 |
| Jun 30, 2025 | -19.68 |
| Mar 31, 2025 | -14.81 |
| Dec 31, 2024 | -10.61 |
| Sep 30, 2024 | -24.01 |
| Jun 30, 2024 | -40.91 |
| Mar 31, 2024 | -58.58 |
| Dec 31, 2023 | -42.54 |
| Sep 30, 2023 | -13.58 |
| Jun 30, 2023 | -35.72 |
| Mar 31, 2023 | -12.27 |
| Dec 31, 2022 | -2.47 |
| Sep 30, 2022 | -20.22 |
| Jun 30, 2022 | -14.91 |
| Mar 31, 2022 | -86.05 |
| Dec 31, 2021 | -13.83 |
| Sep 30, 2021 | -1,762.42 |