MARA Holdings (MARA) FCF Margin (2014 - 2026)
MARA Holdings' (MARA) quarterly FCF Margin came in at 187.28% in Q1 2026, down 6836.0% year-on-year from 2.78% in Q1 2025, and up 2.65% quarter-over-quarter from 192.38% in Q4 2025.
MARA Holdings (MARA) FCF Margin (2014 - 2026) Analysis & Trends
MARA Holdings has disclosed FCF Margin across 13 years of filings, most recently posting 187.28% for Q1 2026.
- FCF Margin for Q1 2026 came in at 187.28%, down 6836.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 147.78% (up 607.0% YoY), and the FY2025 annual result was 133.37%, up 799.0% from the prior year.
- FCF Margin came in at 187.28% for Q1 2026 at MARA Holdings, up from 192.38% 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.
- The 5-year median for FCF Margin is 118.4% (2025), against an average of 154.69%.
- Across the five-year window, FCF Margin surged 91619 bps in 2022 and tumbled 17389 bps in 2024, its largest moves.
- MARA Holdings' FCF Margin stood at 401.22% in 2022, then soared by 85 bps to 59.3% in 2023, then slumped by 293 bps to 233.19% in 2024, then grew by 18 bps to 192.38% in 2025, then advanced by 3 bps to 187.28% in 2026.
- The last three FCF Margin figures came in at 187.28% (Q1 2026), 192.38% (Q4 2025), and 112.47% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | -38.15% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | -188.27% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 111.11% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 190.16% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 214.80% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 2.52% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 16.77% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 28.16% |
| 10 | MARA Holdings | 5.24 Bn | 4.80 Bn | - | -187.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -319.15% |
| Sep 30, 2021 | -1,301.90% |
| Jun 30, 2021 | -129.56% |