Company / Operating Margin
MARA Holdings, Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-135.0%
FY2025
5-year range
-225.3% / 57.0%
FY2021-FY2025
Trend
-389.4%
vs FY2024
Sector context
#274 of 286
Information Technology
What the data says
Operating Margin changed -389% YoY in FY2025, a notable deviation from the 9-year average annual change of -2029%.
Based on SEC 10-K filings.
-135.0% in FY2025 with a 5-year CAGR of +90.4%.
Declined from 57.0% to -135.0% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +90.4pp
- 5-Year Change
- +90.4pp
- 10-Year Change
- -
Sector benchmark
Bottom 4% in Information TechnologyTop 96% of 286This company -135.0% Sector average -210.8%
▼
+36.0% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 389.4% year-over-year.
- Currently 75.8pp above the Information Technology sector average.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2018.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -0.16 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -135.0% | -389.4% |
| FY2024 | 46.6% | -18.2% |
| FY2023 | 57.0% | +125.3% |
| FY2022 | -225.3% | -11886.2% |
| FY2021 | -1.9% | +99.2% |
| FY2020 | -225.3% | +37.0% |
| FY2019 | -357.7% | +86.9% |
| FY2018 | -2729.6% | +0.0% |
| FY2017 | -2729.6% | -6316.5% |
| FY2016 | -42.5% | -46.7% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026