Aureus
FRed Flag

MARA Holdings, Inc.(MARA)

F

Financial data as of Dec 31, 2024Declining · Crypto Related

FCF Margin-141.8%Free Cash Flow / Revenue
Cash Conversion-125.1%Operating CF / Net Income
Free Cash Flow-$930.5M
Revenue$656.4M
Net Cash-$2.1BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio4.94Adequate short-term liquidity
YoY FCF Growth-43.3%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Negative FCF in 4 of last 4 quarters
→
-1Significant YoY FCF decline (-43.3%)
→
-1Only 0 positive quarters recently
→
FinalF

Analysis Summary

Strengths

  • Strong liquidity (current ratio: 4.94)

Concerns

  • Negative FCF margin (-141.8%)
  • Net debt position ($2.1B)
  • Only 0 positive FCF quarters recently
  • Significant YoY FCF decline (-43.3%)
  • Significant FCF decline (-43.3% YoY)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-141.8%
Net Margin82.5%
Operating CF Margin-103.1%
CapEx Ratio38.6%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$2.1BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio4.94Strong liquidity
Debt / Equity0.60Low leverage

Quarterly FCF Trend

-43.3% YoYDeclining (-43.3%)

Free cash flow per quarter

Sector Comparison — Crypto Related

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameMARA Holdings, Inc.
SectorCrypto Related
Free Cash Flow-$930.5M
Revenue$656.4M
Net Income$541.3M
Operating Cash Flow-$677.0M
Capital Expenditure$253.5M
FCF Margin-141.8%
Cash Conversion Rate-125.1%
Net Margin82.5%
Total Debt$2.5B
Total Cash$391.8M
Net Cash-$2.1B
Current Ratio4.94
Debt / Equity0.60
Debt / FCFN/A
YoY FCF Growth-43.3%
Positive Quarters0 of 5
Trend DirectionDeclining
Report DateDec 31, 2024
GradeF
Data SourceYahoo Finance