MARA Holdings (MARA) Return on Invested Capital [ROIC] (2015 - 2026)
MARA Holdings (MARA) posted Return on Invested Capital [ROIC] of -64.00% for Q2 2026, down 67.65 percentage points from 3.65% a year earlier and down 34.28 percentage points from the prior quarter.
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Analysis
MARA Holdings (MARA) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2025, MARA Holdings' Return on Invested Capital [ROIC] came in at -17.44%, down 23.90 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of -11.24 percentage points (FY2020 to FY2025).
- In prior years, MARA Holdings' Return on Invested Capital [ROIC] was 6.45% in FY2024 (-7.13 pp), 13.59% in FY2023 (+64.91 pp), -51.33% in FY2022 (-50.98 pp) and -0.35% in FY2021 (+5.86 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since Q4 2017.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last three quarters, with an average year-over-year change of -18.00 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2023, with a gain of 41.27 percentage points; the weakest was Q2 2026, with a drop of 67.65 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was -29.72% (Q1 2026), -14.81% (Q4 2025) and 5.16% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.67 Bn | 7.89 Bn | - | 15.87% |
| 2 | Block | 46.56 Bn | 17.86 Bn | 3.17 Bn | 2.00% |
| 3 | Coinbase Global | 45.63 Bn | 2.44 Bn | - | 2.41% |
| 4 | Corpay | 26.17 Bn | 16.06 Bn | - | 10.74% |
| 5 | Fiserv | 25.31 Bn | 21.98 Bn | 2.90 Bn | 7.03% |
| 6 | Global Payments | 22.57 Bn | 361.32 Mn | 2.03 Bn | 2.32% |
| 7 | Guidewire Software | 14.23 Bn | 10.79 Bn | 269.68 Mn | 6.58% |
| 8 | Bitmine Immersion Technologies | 11.95 Bn | 9.33 Bn | 40.81 Mn | - |
| 9 | Chime Financial | 11.27 Bn | 7.06 Bn | 594.87 Mn | - |
| 10 | MARA Holdings | 2.88 Bn | 572.29 Mn | - | -64.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -64.00% |
| Mar 31, 2026 | -29.72% |
| Dec 31, 2025 | -14.81% |
| Sep 30, 2025 | 5.16% |
| Jun 30, 2025 | 3.63% |
| Mar 31, 2025 | -7.51% |
| Dec 31, 2024 | 5.34% |
| Sep 30, 2024 | 4.66% |
| Jun 30, 2024 | 7.79% |
| Mar 31, 2024 | 17.74% |
| Dec 31, 2023 | 12.65% |
| Sep 30, 2023 | 2.46% |
| Jun 30, 2023 | 5.09% |
| Mar 31, 2023 | -9.75% |
| Dec 31, 2022 | -28.62% |
| Sep 30, 2022 | -31.36% |
| Jun 30, 2022 | -17.54% |
| Mar 31, 2022 | -7.39% |
| Mar 31, 2021 | -11.21% |
| Dec 31, 2017 | -183.00% |
API Access
MARA Holdings Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=MARA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=MARA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();