MARA Holdings (MARA) Return on Capital Employed [ROCE] (2015 - 2026)
MARA Holdings (MARA) recorded Return on Capital Employed [ROCE] of -72.60% in Q2 2026, down 77.23 percentage points from 4.63% a year earlier and down 42.45 percentage points from the prior quarter.
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Analysis
MARA Holdings (MARA) Return on Capital Employed [ROCE] (2015 - 2026) Analysis & Trends
For FY2025, MARA Holdings reported Return on Capital Employed [ROCE] of -18.77%, down 25.89 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of -12.58 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 7.12% in FY2024 (-7.05 pp), 14.17% in FY2023 (+66.23 pp), -52.06% in FY2022 (-51.72 pp) and -0.34% in FY2021 (+5.85 pp).
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q2 2020.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for three consecutive quarters, with an average year-over-year change of -19.47 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 33.43 percentage points in Q4 2023, against a drop of 77.23 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -30.15% (Q1 2026), -15.90% (Q4 2025) and 6.61% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.67 Bn | 7.89 Bn | - | 17.89% |
| 2 | Block | 46.56 Bn | 17.86 Bn | 3.17 Bn | 4.02% |
| 3 | Coinbase Global | 45.63 Bn | 2.44 Bn | - | 3.03% |
| 4 | Corpay | 26.17 Bn | 16.06 Bn | - | 20.94% |
| 5 | Fiserv | 25.31 Bn | 21.98 Bn | 2.90 Bn | 8.26% |
| 6 | Global Payments | 22.57 Bn | 361.32 Mn | 2.03 Bn | 2.55% |
| 7 | Guidewire Software | 14.23 Bn | 10.79 Bn | 269.68 Mn | 7.92% |
| 8 | Bitmine Immersion Technologies | 11.95 Bn | 9.33 Bn | 40.81 Mn | -82.57% |
| 9 | Chime Financial | 11.27 Bn | 7.06 Bn | 594.87 Mn | -3.21% |
| 10 | MARA Holdings | 2.88 Bn | 572.29 Mn | - | -72.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -72.60% |
| Mar 31, 2026 | -30.15% |
| Dec 31, 2025 | -15.90% |
| Sep 30, 2025 | 6.61% |
| Jun 30, 2025 | 4.63% |
| Mar 31, 2025 | -9.67% |
| Dec 31, 2024 | 6.01% |
| Sep 30, 2024 | 4.57% |
| Jun 30, 2024 | 8.24% |
| Mar 31, 2024 | 19.50% |
| Dec 31, 2023 | 13.36% |
| Sep 30, 2023 | 2.64% |
| Dec 31, 2022 | -20.07% |
| Sep 30, 2022 | -15.02% |
| Jun 30, 2022 | -13.64% |
| Mar 31, 2022 | -7.31% |
| Dec 31, 2021 | -9.81% |
| Sep 30, 2021 | -19.50% |
| Jun 30, 2021 | -26.00% |
| Mar 31, 2021 | -11.22% |
API Access
MARA Holdings Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=MARA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=MARA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();