Marathon Digital Holdings Inc (MARA)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 306,111 | 220,911 | -673,543 | -12,663 | -9,818 |
| Revenue | US$ in thousands | 656,378 | 387,508 | 117,753 | 148,894 | 4,336 |
| Operating profit margin | 46.64% | 57.01% | -572.00% | -8.50% | -226.43% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $306,111K ÷ $656,378K
= 46.64%
The operating profit margin for Marathon Digital Holdings Inc has fluctuated significantly over the past few years. In December 2020, the company reported a negative operating profit margin of -226.43%, indicating that its operating expenses exceeded its operating income by a considerable margin.
By the end of December 2021, there was a slight improvement in the operating profit margin, although it remained negative at -8.50%. However, in December 2022, the operating profit margin worsened significantly to -572.00%, suggesting that the company's operating expenses far exceeded its operating income, leading to substantial losses.
The trend reversed in December 2023, with a notable improvement as the operating profit margin reached 57.01%. This positive margin indicated that the company was able to generate operating income that exceeded its operating expenses, leading to profitability in its operations.
Continuing the positive trend, by the end of December 2024, Marathon Digital Holdings Inc further improved its operating profit margin to 46.64%. This demonstrates the company's ability to efficiently manage its operating expenses while generating a healthy operating income, reflecting a stronger operational performance compared to the previous years.
Peer comparison
Dec 31, 2024