Marathon Digital Holdings Inc (MARA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 616,748 | 209,437 | 447,597 | 659,983 | 277,599 | -376,808 | -519,570 | -702,404 | -718,027 | -269,915 | -213,539 | -120,662 | -14,521 | -52,939 | -32,757 | 73,969 | -10,447 | -6,365 | -5,125 | -3,530 |
| 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 |
| Pretax margin | 93.96% | 34.98% | 79.23% | 131.58% | 71.64% | -145.40% | -256.98% | -351.60% | -363.47% | -118.46% | -89.47% | -63.96% | -9.75% | -57.03% | -78.08% | 572.96% | -240.88% | -299.39% | -320.31% | -212.14% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $616,748K ÷ $656,378K
= 93.96%
The pretax margin is a key financial ratio that indicates the profitability of a company before taking into account taxes. Marathon Digital Holdings Inc has shown fluctuating pretax margins over the past few years. The company experienced significant negative margins in the range of -212.14% to -363.47% from March 2020 to December 2022, indicating that expenses and losses were exceeding revenues before taxes during this period.
However, there was a notable turnaround in the company's performance starting from March 2023, where the pretax margin improved to 71.64% and continued to increase steadily over the subsequent quarters, reaching 93.96% by December 2024. These positive margins suggest that Marathon Digital Holdings Inc was able to generate higher profits relative to its revenue before tax obligations during this period.
Overall, the company's pretax margin analysis reflects a volatile financial performance in the past but a significant improvement in profitability in recent quarters. It is essential for investors and stakeholders to monitor this trend to assess the company's ability to generate sustainable profits in the future.
Peer comparison
Dec 31, 2024