Marathon Digital Holdings Inc (MARA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 220,911 | -673,543 | -12,663 | -9,818 | -4,239 |
| Revenue | US$ in thousands | 387,508 | 117,753 | 148,894 | 4,336 | 1,303 |
| Operating profit margin | 57.01% | -572.00% | -8.50% | -226.43% | -325.33% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $220,911K ÷ $387,508K
= 57.01%
The operating profit margin of Marathon Digital Holdings Inc has shown significant fluctuations over the past five years. In 2019 and 2020, the company reported negative operating profit margins of -325.33% and -226.43% respectively, indicating that the company's operating expenses exceeded its operating income during those years. However, there was a notable improvement in 2021 where the operating profit margin improved to -8.50%, although still negative.
The most recent data for Dec 31, 2022, and Dec 31, 2023, reflects a positive trend with operating profit margins of -572.00% and 57.01% respectively. The significant improvement in the operating profit margin in 2023 suggests that the company has been able to effectively control its operating expenses and generate higher operating income relative to its revenue.
Overall, the fluctuating operating profit margins indicate a volatile financial performance for Marathon Digital Holdings Inc in recent years, with the company showing signs of improvement in managing its operational efficiency and profitability.
Peer comparison
Dec 31, 2023