MARA Holdings (MARA) FCF Margin (2014 - 2026)
MARA Holdings' (MARA) quarterly FCF Margin came in at 136.41% in Q2 2026, down 1801.0% year-over-year from 8.02% in Q2 2025, and up 27.16% quarter-over-quarter from 187.28% in Q1 2026.
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MARA Holdings (MARA) FCF Margin (2014 - 2026) Analysis & Trends
MARA Holdings has disclosed FCF Margin across 13 years of filings, most recently posting 136.41% for Q2 2026.
- In Q2 2026, FCF Margin fell 1801.0% year-over-year to 136.41%; the TTM figure through Jun 2026 stood at 154.02% (up 63.0% YoY), while the FY2025 annual figure was 133.37%, up 799.0% from the prior year.
- FCF Margin came in at 136.41% for Q2 2026 at MARA Holdings, up from 187.28% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 58.98% in Q1 2024 to a low of 401.22% in Q4 2022.
- Average FCF Margin over 5 years is 153.68%, with a median of 118.66% recorded in 2025.
- Year-over-year, FCF Margin plunged 38228 bps in 2022 and surged 34192 bps in 2023.
- Over 5 years, FCF Margin stood at 401.22% in 2022, then soared by 85 bps to 59.3% in 2023, then plunged by 293 bps to 233.19% in 2024, then grew by 18 bps to 192.38% in 2025, then gained by 29 bps to 136.41% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 136.41% in Q2 2026, 187.28% in Q1 2026, and 192.38% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | -4,558.91% |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | 351.43% |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | -12.84% |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | -86.59% |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | -136.41% |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | 46.97% |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -315.53% |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | -13.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -136.41% |
| 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 | -318.50% |
| Sep 30, 2021 | -3.44% |