Marathon Digital Holdings Inc (MARA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 540,117 | 292,489 | 35,437 | 71,572 | -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 | -4,240 | -6,949 | -7,636 |
| 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 |
| Operating profit margin | 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% | -325.40% | -602.69% | -656.58% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $540,117K ÷ $501,574K
= 107.68%
The operating profit margin of Marathon Digital Holdings Inc has shown significant fluctuations over the past several quarters. In the most recent quarter, ending March 31, 2024, the company achieved an exceptionally high operating profit margin of 107.68%. This represents a substantial improvement compared to the previous quarter and indicates efficient cost management and strong revenue generation.
However, looking at historical data, we observe a pattern of volatile operating profit margins, with some quarters showing negative margins, indicative of operating losses. These negative margins, such as in the quarters ending March 31, 2021, and December 31, 2020, are concerning as they imply that the company's operating expenses exceeded its revenues during those periods.
Overall, the company's operating profit margin appears to be improving in the most recent quarter, but investors should keep an eye on the trend over future quarters to assess the sustainability of this positive performance.
Peer comparison
Mar 31, 2024