MARA Holdings, Inc.
MARA Holdings, Inc. operates as an energy and digital infrastructure company in the United States and Europe. The company leverages Bitcoin Mining and Artificial Intelligence compute to monetize excess energy and underutilized power, optimize power management across operations and support AI inference applications. The company was formerly known as Marathon Digital Holdings, Inc. and changed its … Read more
MARA Holdings, Inc. (MARA) - Net Assets
Latest net assets as of December 2025: MX$3.48 Billion MXN
Based on the latest financial reports, MARA Holdings, Inc. (MARA) has net assets worth MX$3.48 Billion MXN as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$7.29 Billion) and total liabilities (MX$3.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$3.48 Billion |
| % of Total Assets | 47.72% |
| Annual Growth Rate | 50.26% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 145.7 |
MARA Holdings, Inc. - Net Assets Trend (2021–2025)
This chart illustrates how MARA Holdings, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MARA Holdings, Inc. (2021–2025)
The table below shows the annual net assets of MARA Holdings, Inc. from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | MX$3.48 Billion | -15.93% |
| 2024-12-31 | MX$4.14 Billion | +155.95% |
| 2023-12-31 | MX$1.62 Billion | +318.70% |
| 2022-12-31 | MX$385.94 Million | -43.42% |
| 2021-12-31 | MX$682.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MARA Holdings, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 118426300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | MX$4.81 Billion | 138.54% |
| Total Equity | MX$3.47 Billion | 100.00% |
MARA Holdings, Inc. Competitors by Market Cap
The table below lists competitors of MARA Holdings, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Skeena Resources Ltd
NYSE:SKE
|
$2.88 Billion |
|
GMR Airports Limited
NSE:GMRAIRPORT
|
$2.88 Billion |
|
LCI Industries
NYSE:LCII
|
$2.88 Billion |
|
Tongcheng Travel Holdings Limited
PINK:TNGCF
|
$2.88 Billion |
|
Wuhan Guide Infrared Co Ltd
SHE:002414
|
$2.87 Billion |
|
Cushman & Wakefield plc
NYSE:CWK
|
$2.87 Billion |
|
Nippon Yusen Kabushiki Kaisha
PINK:NPNYY
|
$2.87 Billion |
|
Garrett Motion Inc
NASDAQ:GTX
|
$2.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MARA Holdings, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,129,033,000 to 3,471,720,000, a change of -657,313,000 (-15.9%).
- Net loss of 1,311,480,000 reduced equity.
- New share issuances of 568,563,000 increased equity.
- Other factors increased equity by 85,604,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$-1.31 Billion | -37.78% |
| Share Issuances | MX$568.56 Million | +16.38% |
| Other Changes | MX$85.60 Million | +2.47% |
| Total Change | MX$- | -15.92% |
Book Value vs Market Value Analysis
This analysis compares MARA Holdings, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 17.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.60x to 17.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | MX$6.64 | MX$163.31 | x |
| 2022-12-31 | MX$2.65 | MX$163.31 | x |
| 2023-12-31 | MX$6.65 | MX$163.31 | x |
| 2024-12-31 | MX$12.13 | MX$163.31 | x |
| 2025-12-31 | MX$9.15 | MX$163.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MARA Holdings, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -37.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -144.58%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.10x
- Recent ROE (-37.78%) is above the historical average (-38.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -4.37% | -18.73% | 0.11x | 2.12x | MX$-98.02 Million |
| 2022 | -179.83% | -589.39% | 0.10x | 3.10x | MX$-732.62 Million |
| 2023 | 16.16% | 67.40% | 0.19x | 1.23x | MX$99.58 Million |
| 2024 | 13.11% | 82.46% | 0.10x | 1.65x | MX$128.35 Million |
| 2025 | -37.78% | -144.58% | 0.12x | 2.10x | MX$-1.66 Billion |
Industry Comparison
This section compares MARA Holdings, Inc.'s net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $10,862,114,286
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MARA Holdings, Inc. (MARA) | MX$3.48 Billion | -4.37% | 1.10x | $2.87 Billion |
| Corporación Actinver S. A. B. de C. V (ACTINVRB) | $2.62 Billion | 10.83% | 5.97x | $527.28 Million |
| Casa de Bolsa Finamex S.A.B. de C.V (FINAMEXO) | $377.80 Million | 0.00% | 0.15x | $62.64 Million |
| Corporativo GBM S.A.B. de C.V (GBMO) | $6.09 Billion | -10.02% | 5.29x | $1.30 Billion |
| INVEX Controladora S.A.B. de C.V (INVEXA) | $5.01 Billion | 7.21% | 22.82x | $538.82 Million |
| Procorp S.A.B. de C.V (PROCORPB) | $114.00 Million | 0.00% | 0.00x | $10.76 Million |
| The Charles Schwab Corporation (SCHW) | $56.26 Billion | 10.41% | 10.86x | $136.01 Billion |
| Value Grupo Financiero S.A.B. de C.V (VALUEGFO) | $5.56 Billion | 4.57% | 1.72x | $56.69 Million |