Marathon Digital Holdings Inc (MARA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 306,111 | 221,725 | 313,788 | 540,118 | 292,490 | 35,438 | 71,573 | -120,511 | -262,803 | -227,100 | -205,511 | -117,646 | -144,485 | -184,718 | -164,276 | -55,781 | -9,818 | -6,583 | -5,397 | -4,347 |
| 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 |
| Operating profit margin | 46.64% | 37.03% | 55.54% | 107.68% | 75.48% | 13.67% | 35.40% | -60.32% | -133.03% | -99.67% | -86.10% | -62.36% | -97.04% | -199.00% | -391.58% | -432.08% | -226.38% | -309.64% | -337.31% | -261.24% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $306,111K ÷ $656,378K
= 46.64%
The operating profit margin of Marathon Digital Holdings Inc has shown a significant improvement over the past few quarters. The margin was negative in the range of -200% to -400% from March 2020 to June 2022, indicating that the company was experiencing operating losses and that its operating expenses were surpassing its operating income during this period.
However, there was a notable turnaround starting from March 2023, where the operating profit margin improved to positive territory, reaching 35.40% by June 2023. This positive trend continued through the following quarters, with the operating profit margin further increasing to 46.64% by December 2024.
This improvement in the operating profit margin suggests that Marathon Digital Holdings Inc has been able to effectively control its operating expenses relative to its operating income. This positive trend indicates better operational efficiency and profitability for the company in the latter part of the period under review.
Peer comparison
Dec 31, 2024