Marathon Digital Holdings Inc (MARA)
Net profit margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 605,581 | 387,107 | -229,023 | -365,622 | -559,115 | -694,923 | -291,593 | -241,304 | -137,563 | -37,097 | -52,935 | -32,756 | 73,968 | -10,447 | -6,365 | -5,125 | -3,530 | -3,517 | -6,759 | -7,345 |
| Revenue (ttm) | US$ in thousands | 501,574 | 387,508 | 259,157 | 202,180 | 199,776 | 197,548 | 227,846 | 238,681 | 188,647 | 148,895 | 92,824 | 41,952 | 12,910 | 4,337 | 2,126 | 1,600 | 1,664 | 1,303 | 1,153 | 1,163 |
| Net profit margin | 120.74% | 99.90% | -88.37% | -180.84% | -279.87% | -351.77% | -127.98% | -101.10% | -72.92% | -24.91% | -57.03% | -78.08% | 572.95% | -240.88% | -299.39% | -320.31% | -212.14% | -269.92% | -586.21% | -631.56% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $605,581K ÷ $501,574K
= 120.74%
The net profit margin of Marathon Digital Holdings Inc has fluctuated significantly over the past several quarters. The company experienced a substantial improvement in profitability, with net profit margins reaching exceptionally high levels in the first quarter of 2024 and the fourth quarter of 2020. However, this positive trend was preceded by periods of significant losses, reflected in negative net profit margins in various quarters from 2019 to 2023.
The most recent net profit margin of 120.74% as of March 31, 2024, indicates that the company generated more profit relative to its revenue in that period. It is important to note that extremely high or negative net profit margins can sometimes be attributed to unique accounting treatments, such as one-time gains or losses, which may not be sustainable or reflective of the underlying operating performance of the company.
In analyzing the net profit margin trend, investors and stakeholders should consider the company's overall financial health, operational efficiency, and any external factors impacting profitability. Further examination of the company's financial statements and performance metrics is recommended to gain a clearer understanding of the factors driving the fluctuations in net profit margin over time.
Peer comparison
Mar 31, 2024