Marathon Digital Holdings Inc (MARA)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 541,253 | 261,173 | -694,022 | -37,096 | -10,448 |
| Revenue | US$ in thousands | 656,378 | 387,508 | 117,753 | 148,894 | 4,336 |
| Net profit margin | 82.46% | 67.40% | -589.39% | -24.91% | -240.96% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $541,253K ÷ $656,378K
= 82.46%
Marathon Digital Holdings Inc's net profit margin exhibited a fluctuating trend over the years as per the provided data. The margin was deeply negative in December 2020, improving to a lesser negative level by December 2021. However, it drastically worsened in December 2022, reaching an alarming negative percentage. Subsequently, Marathon Digital Holdings Inc experienced a significant turnaround, as evident from the impressive positive net profit margin of 67.40% in December 2023, further improving to a robust 82.46% by December 2024. This suggests a notable enhancement in the company's profitability, indicating efficient cost management or revenue growth strategies, potentially driven by operational improvements or strategic initiatives.
Peer comparison
Dec 31, 2024