Marathon Digital Holdings Inc (MARA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | -3,517 | -6,690 | -7,276 |
| 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 |
| Pretax margin | 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% | -269.92% | -580.23% | -625.62% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $659,983K ÷ $501,574K
= 131.58%
The pretax margin of Marathon Digital Holdings Inc has shown significant fluctuations over the past few quarters. In the most recent period ending March 31, 2024, the pretax margin was notably high at 131.58%, indicating that the company was able to generate a substantial level of profits before accounting for taxes relative to its revenue.
However, in the preceding quarters, the pretax margin exhibited negative figures, with the lowest point recorded in the quarter ending December 31, 2021, at -625.62%. These negative pretax margins suggest that the company's operating expenses and other costs exceeded its gross profit, resulting in overall operating losses before tax deductions.
The erratic nature of the pretax margin trend implies potential challenges in managing costs and optimizing revenue generation for Marathon Digital Holdings Inc. Continued monitoring and analysis of the company's financial performance will be crucial to track improvements in profitability and sustainability in the long term.
Peer comparison
Mar 31, 2024