MARA Holdings (MARA) FCF Margin (2014 - 2026)

MARA Holdings (MARA) posted FCF Margin of 187.28% for Q1 2026, up 2.65% sequentially from 192.38% in Q4 2025, and down 6836.0% YoY from 2.78% in Q1 2025.

MARA Holdings (MARA) FCF Margin (2014 - 2026) Analysis & Trends

MARA Holdings has reported FCF Margin for 13 years, with the latest figure at 187.28% in Q1 2026.

  • Quarterly FCF Margin fell 6836.0% year-over-year to 187.28% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 147.78% (up 607.0% YoY) and the FY2025 annual result came in at 133.37%, up 799.0% from the prior year.
  • FCF Margin improved to 187.28% in Q1 2026 per MARA's latest filing, from 192.38% in the prior quarter.
  • Over five years, FCF Margin peaked at 58.98% in Q1 2024 and troughed at 401.22% in Q4 2022.
  • A 5-year average of 154.69% and a median of 118.4% in 2025 frame the typical range for FCF Margin.
  • The widest YoY moves for FCF Margin: up 230048 bps in 2022, down 37000 bps in 2022.
  • Over 5 years, FCF Margin stood at 401.22% in 2022, then surged by 85 bps to 59.3% in 2023, then slumped by 293 bps to 233.19% in 2024, then rose by 18 bps to 192.38% in 2025, then grew by 3 bps to 187.28% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 187.28%, 192.38%, and 112.47% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - -16.70%
2 Goldman Sachs 316.34 Bn -660.01 Bn - 27.55%
3 Schwab Charles 220.55 Bn 135.80 Bn - 111.11%
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 54.13%
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn -603.50%
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 214.80%
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 3.90%
10 MARA Holdings 4.48 Bn 3.98 Bn - -187.28%

Historic Data

Download Data
DateValue
Mar 31, 2026 -187.28%
Dec 31, 2025 -192.38%
Sep 30, 2025 -112.47%
Jun 30, 2025 -118.40%
Mar 31, 2025 -118.92%
Dec 31, 2024 -233.19%
Sep 30, 2024 -150.46%
Jun 30, 2024 -91.22%
Mar 31, 2024 -58.98%
Dec 31, 2023 -59.30%
Sep 30, 2023 -85.97%
Jun 30, 2023 -70.27%
Mar 31, 2023 -212.64%
Dec 31, 2022 -401.22%
Sep 30, 2022 -385.71%
Jun 30, 2022 -88.39%
Mar 31, 2022 -63.02%
Dec 31, 2021 -2,701.70%
Sep 30, 2021 -15.71%
Jun 30, 2021 -129.56%