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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and MARA Holdings, Inc. (MARA). Click either name above to swap in a different company.

ASIA PACIFIC WIRE & CABLE CORP LTD is the larger business by last-quarter revenue ($225.3M vs $202.3M, roughly 1.1× MARA Holdings, Inc.).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

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.

APWC vs MARA — Head-to-Head

Bigger by revenue
APWC
APWC
1.1× larger
APWC
$225.3M
$202.3M
MARA

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
MARA
MARA
Revenue
$225.3M
$202.3M
Net Profit
$-1.7B
Gross Margin
7.9%
Operating Margin
2.2%
-11795.9%
Net Margin
-14298.3%
Revenue YoY
-5.6%
Net Profit YoY
-423.5%
EPS (diluted)
$-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
APWC
APWC
MARA
MARA
Q4 25
$202.3M
Q3 25
$252.4M
Q2 25
$238.5M
Q1 25
$213.9M
Q4 24
$214.4M
Q3 24
$131.6M
Q2 24
$145.1M
Q1 24
$165.2M
Net Profit
APWC
APWC
MARA
MARA
Q4 25
$-1.7B
Q3 25
$123.1M
Q2 25
$808.2M
Q1 25
$-533.4M
Q4 24
$528.5M
Q3 24
$-124.8M
Q2 24
$-199.7M
Q1 24
$337.2M
Gross Margin
APWC
APWC
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
APWC
APWC
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
APWC
APWC
MARA
MARA
Q4 25
-14298.3%
Q3 25
48.8%
Q2 25
338.9%
Q1 25
-249.4%
Q4 24
5367.4%
Q3 24
-94.8%
Q2 24
-137.6%
Q1 24
204.1%
EPS (diluted)
APWC
APWC
MARA
MARA
Q4 25
$-4.25
Q3 25
$0.27
Q2 25
$1.84
Q1 25
$-1.55
Q4 24
$1.60
Q3 24
$-0.42
Q2 24
$-0.72
Q1 24
$1.26

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
MARA
MARA
Q4 25
$547.1M
Q3 25
$826.4M
Q2 25
$109.5M
Q1 25
$196.2M
Q4 24
$391.8M
Q3 24
$164.3M
Q2 24
$256.0M
Q1 24
$324.3M
Total Debt
APWC
APWC
MARA
MARA
Q4 25
$3.6B
Q3 25
$3.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.4B
Q3 24
$618.7M
Q2 24
Q1 24
Stockholders' Equity
APWC
APWC
MARA
MARA
Q4 25
$3.5B
Q3 25
$5.2B
Q2 25
$4.8B
Q1 25
$3.7B
Q4 24
$4.1B
Q3 24
$2.9B
Q2 24
$2.6B
Q1 24
$2.5B
Total Assets
APWC
APWC
MARA
MARA
Q4 25
$7.3B
Q3 25
$9.2B
Q2 25
$7.7B
Q1 25
$6.4B
Q4 24
$6.8B
Q3 24
$3.6B
Q2 24
$3.1B
Q1 24
$3.0B
Debt / Equity
APWC
APWC
MARA
MARA
Q4 25
1.04×
Q3 25
0.63×
Q2 25
0.47×
Q1 25
0.62×
Q4 24
0.59×
Q3 24
0.22×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
APWC
APWC
MARA
MARA
Operating Cash FlowLast quarter
$-802.7M
Free Cash FlowOCF − Capex
$-1.2B
FCF MarginFCF / Revenue
-598.0%
Capex IntensityCapex / Revenue
201.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
MARA
MARA
Q4 25
$-802.7M
Q3 25
$-199.0M
Q2 25
$-163.4M
Q1 25
$-215.5M
Q4 24
$-677.0M
Q3 24
$-160.1M
Q2 24
$-115.2M
Q1 24
$-88.3M
Free Cash Flow
APWC
APWC
MARA
MARA
Q4 25
$-1.2B
Q3 25
$-283.9M
Q2 25
$-282.4M
Q1 25
$-254.3M
Q4 24
$-927.8M
Q3 24
$-198.1M
Q2 24
$-132.4M
Q1 24
$-97.4M
FCF Margin
APWC
APWC
MARA
MARA
Q4 25
-598.0%
Q3 25
-112.5%
Q2 25
-118.4%
Q1 25
-118.9%
Q4 24
-432.8%
Q3 24
-150.5%
Q2 24
-91.2%
Q1 24
-59.0%
Capex Intensity
APWC
APWC
MARA
MARA
Q4 25
201.2%
Q3 25
33.6%
Q2 25
49.9%
Q1 25
18.2%
Q4 24
117.0%
Q3 24
28.9%
Q2 24
11.9%
Q1 24
5.5%
Cash Conversion
APWC
APWC
MARA
MARA
Q4 25
Q3 25
-1.62×
Q2 25
-0.20×
Q1 25
Q4 24
-1.28×
Q3 24
Q2 24
Q1 24
-0.26×

Financial Flow Comparison

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

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