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Side-by-side financial comparison of Allstate (ALL) and MARA Holdings, Inc. (MARA). Click either name above to swap in a different company.

Allstate is the larger business by last-quarter revenue ($17.3B vs $202.3M, roughly 85.7× MARA Holdings, Inc.). Allstate runs the higher net margin — 22.1% vs -14298.3%, a 14320.4% gap on every dollar of revenue. On growth, Allstate posted the faster year-over-year revenue change (5.1% vs -5.6%). Allstate produced more free cash flow last quarter ($2.9B vs $-1.2B). Over the past eight quarters, MARA Holdings, Inc.'s revenue compounded faster (10.7% CAGR vs 6.6%).

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...

MARA Holdings, Inc. is an American digital asset technology and cryptocurrency mining company headquartered in Fort Lauderdale, Florida. Founded in 2010, the company initially operated as a patent holding company before pivoting in the late 2010s to focus on blockchain infrastructure and digital assets.

ALL vs MARA — Head-to-Head

Bigger by revenue
ALL
ALL
85.7× larger
ALL
$17.3B
$202.3M
MARA
Growing faster (revenue YoY)
ALL
ALL
+10.7% gap
ALL
5.1%
-5.6%
MARA
Higher net margin
ALL
ALL
14320.4% more per $
ALL
22.1%
-14298.3%
MARA
More free cash flow
ALL
ALL
$4.1B more FCF
ALL
$2.9B
$-1.2B
MARA
Faster 2-yr revenue CAGR
MARA
MARA
Annualised
MARA
10.7%
6.6%
ALL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALL
ALL
MARA
MARA
Revenue
$17.3B
$202.3M
Net Profit
$3.8B
$-1.7B
Gross Margin
Operating Margin
-11795.9%
Net Margin
22.1%
-14298.3%
Revenue YoY
5.1%
-5.6%
Net Profit YoY
98.8%
-423.5%
EPS (diluted)
$14.24
$-4.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALL
ALL
MARA
MARA
Q4 25
$17.3B
$202.3M
Q3 25
$17.3B
$252.4M
Q2 25
$16.6B
$238.5M
Q1 25
$16.5B
$213.9M
Q4 24
$16.5B
$214.4M
Q3 24
$16.6B
$131.6M
Q2 24
$15.7B
$145.1M
Q1 24
$15.3B
$165.2M
Net Profit
ALL
ALL
MARA
MARA
Q4 25
$3.8B
$-1.7B
Q3 25
$3.7B
$123.1M
Q2 25
$2.1B
$808.2M
Q1 25
$595.0M
$-533.4M
Q4 24
$1.9B
$528.5M
Q3 24
$1.2B
$-124.8M
Q2 24
$331.0M
$-199.7M
Q1 24
$1.2B
$337.2M
Gross Margin
ALL
ALL
MARA
MARA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-2613.4%
Q3 24
-1065.0%
Q2 24
-587.6%
Q1 24
-289.4%
Operating Margin
ALL
ALL
MARA
MARA
Q4 25
-11795.9%
Q3 25
18.9%
Q2 25
Q1 25
-253.0%
Q4 24
Q3 24
-130.8%
Q2 24
-160.1%
Q1 24
Net Margin
ALL
ALL
MARA
MARA
Q4 25
22.1%
-14298.3%
Q3 25
21.7%
48.8%
Q2 25
12.7%
338.9%
Q1 25
3.6%
-249.4%
Q4 24
11.7%
5367.4%
Q3 24
7.2%
-94.8%
Q2 24
2.1%
-137.6%
Q1 24
8.0%
204.1%
EPS (diluted)
ALL
ALL
MARA
MARA
Q4 25
$14.24
$-4.25
Q3 25
$13.95
$0.27
Q2 25
$7.76
$1.84
Q1 25
$2.11
$-1.55
Q4 24
$7.07
$1.60
Q3 24
$4.33
$-0.42
Q2 24
$1.13
$-0.72
Q1 24
$4.46
$1.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALL
ALL
MARA
MARA
Cash + ST InvestmentsLiquidity on hand
$4.9B
$547.1M
Total DebtLower is stronger
$7.5B
$3.6B
Stockholders' EquityBook value
$30.6B
$3.5B
Total Assets
$119.8B
$7.3B
Debt / EquityLower = less leverage
0.24×
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALL
ALL
MARA
MARA
Q4 25
$4.9B
$547.1M
Q3 25
$8.7B
$826.4M
Q2 25
$9.6B
$109.5M
Q1 25
$6.5B
$196.2M
Q4 24
$4.5B
$391.8M
Q3 24
$7.0B
$164.3M
Q2 24
$5.3B
$256.0M
Q1 24
$4.3B
$324.3M
Total Debt
ALL
ALL
MARA
MARA
Q4 25
$7.5B
$3.6B
Q3 25
$8.1B
$3.2B
Q2 25
$8.1B
$2.3B
Q1 25
$8.1B
$2.3B
Q4 24
$8.1B
$2.4B
Q3 24
$8.1B
$618.7M
Q2 24
$8.1B
Q1 24
$7.9B
Stockholders' Equity
ALL
ALL
MARA
MARA
Q4 25
$30.6B
$3.5B
Q3 25
$27.5B
$5.2B
Q2 25
$24.0B
$4.8B
Q1 25
$22.1B
$3.7B
Q4 24
$21.4B
$4.1B
Q3 24
$20.9B
$2.9B
Q2 24
$18.6B
$2.6B
Q1 24
$18.6B
$2.5B
Total Assets
ALL
ALL
MARA
MARA
Q4 25
$119.8B
$7.3B
Q3 25
$120.4B
$9.2B
Q2 25
$115.9B
$7.7B
Q1 25
$115.2B
$6.4B
Q4 24
$111.6B
$6.8B
Q3 24
$113.7B
$3.6B
Q2 24
$108.4B
$3.1B
Q1 24
$105.2B
$3.0B
Debt / Equity
ALL
ALL
MARA
MARA
Q4 25
0.24×
1.04×
Q3 25
0.29×
0.63×
Q2 25
0.34×
0.47×
Q1 25
0.37×
0.62×
Q4 24
0.38×
0.59×
Q3 24
0.39×
0.22×
Q2 24
0.43×
Q1 24
0.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALL
ALL
MARA
MARA
Operating Cash FlowLast quarter
$3.0B
$-802.7M
Free Cash FlowOCF − Capex
$2.9B
$-1.2B
FCF MarginFCF / Revenue
16.7%
-598.0%
Capex IntensityCapex / Revenue
0.5%
201.2%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters
$9.9B
$-2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALL
ALL
MARA
MARA
Q4 25
$3.0B
$-802.7M
Q3 25
$3.3B
$-199.0M
Q2 25
$1.9B
$-163.4M
Q1 25
$2.0B
$-215.5M
Q4 24
$1.7B
$-677.0M
Q3 24
$3.2B
$-160.1M
Q2 24
$2.4B
$-115.2M
Q1 24
$1.7B
$-88.3M
Free Cash Flow
ALL
ALL
MARA
MARA
Q4 25
$2.9B
$-1.2B
Q3 25
$3.2B
$-283.9M
Q2 25
$1.9B
$-282.4M
Q1 25
$1.9B
$-254.3M
Q4 24
$1.7B
$-927.8M
Q3 24
$3.1B
$-198.1M
Q2 24
$2.3B
$-132.4M
Q1 24
$1.6B
$-97.4M
FCF Margin
ALL
ALL
MARA
MARA
Q4 25
16.7%
-598.0%
Q3 25
18.8%
-112.5%
Q2 25
11.3%
-118.4%
Q1 25
11.4%
-118.9%
Q4 24
10.0%
-432.8%
Q3 24
18.9%
-150.5%
Q2 24
14.7%
-91.2%
Q1 24
10.6%
-59.0%
Capex Intensity
ALL
ALL
MARA
MARA
Q4 25
0.5%
201.2%
Q3 25
0.3%
33.6%
Q2 25
0.0%
49.9%
Q1 25
0.6%
18.2%
Q4 24
0.3%
117.0%
Q3 24
0.4%
28.9%
Q2 24
0.4%
11.9%
Q1 24
0.3%
5.5%
Cash Conversion
ALL
ALL
MARA
MARA
Q4 25
0.78×
Q3 25
0.88×
-1.62×
Q2 25
0.89×
-0.20×
Q1 25
3.30×
Q4 24
0.88×
-1.28×
Q3 24
2.69×
Q2 24
7.13×
Q1 24
1.37×
-0.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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