Marathon Digital Holdings Inc (MARA)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 616,748 | 277,599 | -708,578 | -14,520 | -10,446 |
| Revenue | US$ in thousands | 656,378 | 387,508 | 117,753 | 148,894 | 4,336 |
| Pretax margin | 93.96% | 71.64% | -601.75% | -9.75% | -240.91% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $616,748K ÷ $656,378K
= 93.96%
Based on the data provided, Marathon Digital Holdings Inc has experienced fluctuations in its pretax margin over the years. In December 31, 2020, the pretax margin was -240.91%, indicating that the company incurred significant losses before tax during that fiscal year. Subsequently, by December 31, 2021, the pretax margin improved to -9.75%, but it still reflected a negative profitability trend.
In December 31, 2022, the pretax margin declined significantly to -601.75%, suggesting a substantial deterioration in the company's financial performance, potentially due to higher expenses or lower revenues. However, in December 31, 2023, there was a notable turnaround as the pretax margin surged to 71.64%, signaling a strong improvement in profitability.
By December 31, 2024, Marathon Digital Holdings Inc further enhanced its financial performance, with a pretax margin of 93.96%, demonstrating a robust profitability level. Overall, the company's pretax margin has shown volatile swings, but the recent positive trend indicates an effective management strategy in enhancing operational efficiency and revenue generation.
Peer comparison
Dec 31, 2024