Marathon Digital Holdings Inc (MARA)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 541,253 | 236,129 | 360,528 | 551,225 | 332,751 | -283,379 | -355,451 | -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 |
| Revenue (ttm) | US$ in thousands | 656,378 | 598,752 | 564,954 | 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 |
| Net profit margin | 82.46% | 39.44% | 63.82% | 109.90% | 85.87% | -109.35% | -175.81% | -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% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $541,253K ÷ $656,378K
= 82.46%
Net profit margin is a key profitability ratio that indicates the percentage of revenue that is converted into net profit. A negative net profit margin typically signifies that a company is experiencing losses, while a positive margin reflects profitability.
Analyzing Marathon Digital Holdings Inc's net profit margin from March 31, 2020, to December 31, 2024, shows a mixed performance. The company had consistently negative net profit margins in the initial periods, indicating significant losses. However, the trend started to improve in March 31, 2021, with a substantial positive net profit margin of 572.95%, indicating a period of exceptional profitability.
The company then faced challenges with negative margins in subsequent quarters up to December 31, 2022, suggesting a return to loss-making operations. However, there was a notable turnaround in profitability by the end of 2023, as the net profit margin turned positive, reaching 85.87%.
Marathon Digital Holdings Inc's financial performance continued to strengthen in the following periods, with increasing net profit margins up to December 31, 2024, reaching 82.46%. This positive trend reflects improved efficiency in converting revenue into profit, signifying better financial health and sustainability for the company.
It is essential for investors and stakeholders to monitor these trends in net profit margin to evaluate the company's profitability and financial stability over time.
Peer comparison
Dec 31, 2024