Marathon Digital Holdings Inc (MARA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 261,173 | -694,022 | -37,096 | -10,448 | -3,517 |
| Revenue | US$ in thousands | 387,508 | 117,753 | 148,894 | 4,336 | 1,303 |
| Net profit margin | 67.40% | -589.39% | -24.91% | -240.96% | -269.92% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $261,173K ÷ $387,508K
= 67.40%
The net profit margin of Marathon Digital Holdings Inc has shown significant volatility over the past five years. In 2023, the company exhibited a robust net profit margin of 67.40%, indicating that for every dollar of revenue generated, the company retained $0.674 as profit after accounting for all expenses. This substantial margin signifies efficient cost management and strong profitability.
On the other hand, in 2022, Marathon Digital Holdings Inc experienced a notable negative net profit margin of -589.39%, implying that the company incurred a loss significantly exceeding its revenue. This alarming result could be attributed to various factors such as one-time charges, write-offs, or operational inefficiencies.
In 2021, the company's net profit margin was -24.91%, indicating that the company's expenses outweighed its revenue, resulting in a negative profit margin. Similarly, in 2020 and 2019, Marathon Digital Holdings Inc reported negative net profit margins of -240.96% and -269.92% respectively, reflecting ongoing challenges in generating net income relative to its total revenue.
Overall, Marathon Digital Holdings Inc's net profit margin has been volatile, with a mix of positive and negative margins over the past five years. Investors and stakeholders should closely monitor the company's profitability trends and assess the factors influencing its financial performance to make informed decisions.
Peer comparison
Dec 31, 2023