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Side-by-side financial comparison of Claritev Corp (CTEV) and MARA Holdings, Inc. (MARA). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $202.3M, roughly 1.2× MARA Holdings, Inc.). Claritev Corp runs the higher net margin — -32.7% vs -14298.3%, a 14265.6% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -5.6%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $-1.2B). Over the past eight quarters, MARA Holdings, Inc.'s revenue compounded faster (10.7% CAGR vs 2.5%).
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.
CTEV vs MARA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $202.3M |
| Net Profit | $-80.6M | $-1.7B |
| Gross Margin | — | — |
| Operating Margin | -3.1% | -11795.9% |
| Net Margin | -32.7% | -14298.3% |
| Revenue YoY | 6.2% | -5.6% |
| Net Profit YoY | 41.6% | -423.5% |
| EPS (diluted) | $-4.88 | $-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.
| Q4 25 | $246.6M | $202.3M | ||
| Q3 25 | $246.0M | $252.4M | ||
| Q2 25 | $241.6M | $238.5M | ||
| Q1 25 | $231.3M | $213.9M | ||
| Q4 24 | $232.1M | $214.4M | ||
| Q3 24 | $230.5M | $131.6M | ||
| Q2 24 | $233.5M | $145.1M | ||
| Q1 24 | $234.5M | $165.2M |
| Q4 25 | $-80.6M | $-1.7B | ||
| Q3 25 | $-69.8M | $123.1M | ||
| Q2 25 | $-62.6M | $808.2M | ||
| Q1 25 | $-71.3M | $-533.4M | ||
| Q4 24 | $-138.0M | $528.5M | ||
| Q3 24 | $-391.4M | $-124.8M | ||
| Q2 24 | $-576.7M | $-199.7M | ||
| Q1 24 | $-539.7M | $337.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -2613.4% | ||
| Q3 24 | — | -1065.0% | ||
| Q2 24 | — | -587.6% | ||
| Q1 24 | — | -289.4% |
| Q4 25 | -3.1% | -11795.9% | ||
| Q3 25 | 4.1% | 18.9% | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 4.2% | -253.0% | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | -146.7% | -130.8% | ||
| Q2 24 | -224.4% | -160.1% | ||
| Q1 24 | -207.4% | — |
| Q4 25 | -32.7% | -14298.3% | ||
| Q3 25 | -28.4% | 48.8% | ||
| Q2 25 | -25.9% | 338.9% | ||
| Q1 25 | -30.8% | -249.4% | ||
| Q4 24 | -59.4% | 5367.4% | ||
| Q3 24 | -169.8% | -94.8% | ||
| Q2 24 | -247.0% | -137.6% | ||
| Q1 24 | -230.1% | 204.1% |
| Q4 25 | $-4.88 | $-4.25 | ||
| Q3 25 | $-4.23 | $0.27 | ||
| Q2 25 | $-3.81 | $1.84 | ||
| Q1 25 | $-4.38 | $-1.55 | ||
| Q4 24 | $-8.49 | $1.60 | ||
| Q3 24 | $-24.25 | $-0.42 | ||
| Q2 24 | $-35.78 | $-0.72 | ||
| Q1 24 | $-33.40 | $1.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.8M | $547.1M |
| Total DebtLower is stronger | $4.6B | $3.6B |
| Stockholders' EquityBook value | $-173.9M | $3.5B |
| Total Assets | $4.9B | $7.3B |
| Debt / EquityLower = less leverage | — | 1.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | $547.1M | ||
| Q3 25 | $39.2M | $826.4M | ||
| Q2 25 | $56.4M | $109.5M | ||
| Q1 25 | $23.1M | $196.2M | ||
| Q4 24 | $16.8M | $391.8M | ||
| Q3 24 | $86.6M | $164.3M | ||
| Q2 24 | $48.8M | $256.0M | ||
| Q1 24 | $58.7M | $324.3M |
| Q4 25 | $4.6B | $3.6B | ||
| Q3 25 | $4.5B | $3.2B | ||
| Q2 25 | $4.5B | $2.3B | ||
| Q1 25 | $4.5B | $2.3B | ||
| Q4 24 | $4.5B | $2.4B | ||
| Q3 24 | $4.5B | $618.7M | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $-173.9M | $3.5B | ||
| Q3 25 | $-101.8M | $5.2B | ||
| Q2 25 | $-39.9M | $4.8B | ||
| Q1 25 | $14.8M | $3.7B | ||
| Q4 24 | $84.0M | $4.1B | ||
| Q3 24 | $207.6M | $2.9B | ||
| Q2 24 | $603.4M | $2.6B | ||
| Q1 24 | $1.2B | $2.5B |
| Q4 25 | $4.9B | $7.3B | ||
| Q3 25 | $5.0B | $9.2B | ||
| Q2 25 | $5.1B | $7.7B | ||
| Q1 25 | $5.1B | $6.4B | ||
| Q4 24 | $5.2B | $6.8B | ||
| Q3 24 | $5.3B | $3.6B | ||
| Q2 24 | $5.7B | $3.1B | ||
| Q1 24 | $6.4B | $3.0B |
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 0.63× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | 304.87× | 0.62× | ||
| Q4 24 | 53.67× | 0.59× | ||
| Q3 24 | 21.73× | 0.22× | ||
| Q2 24 | 7.48× | — | ||
| Q1 24 | 3.85× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $66.3M | $-802.7M |
| Free Cash FlowOCF − Capex | $36.4M | $-1.2B |
| FCF MarginFCF / Revenue | 14.8% | -598.0% |
| Capex IntensityCapex / Revenue | 12.1% | 201.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $-2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | $-802.7M | ||
| Q3 25 | $19.9M | $-199.0M | ||
| Q2 25 | $61.2M | $-163.4M | ||
| Q1 25 | $-30.1M | $-215.5M | ||
| Q4 24 | $-33.4M | $-677.0M | ||
| Q3 24 | $72.8M | $-160.1M | ||
| Q2 24 | $18.5M | $-115.2M | ||
| Q1 24 | $49.7M | $-88.3M |
| Q4 25 | $36.4M | $-1.2B | ||
| Q3 25 | $-16.3M | $-283.9M | ||
| Q2 25 | $36.6M | $-282.4M | ||
| Q1 25 | $-68.9M | $-254.3M | ||
| Q4 24 | $-63.8M | $-927.8M | ||
| Q3 24 | $41.1M | $-198.1M | ||
| Q2 24 | $-7.0M | $-132.4M | ||
| Q1 24 | $19.2M | $-97.4M |
| Q4 25 | 14.8% | -598.0% | ||
| Q3 25 | -6.6% | -112.5% | ||
| Q2 25 | 15.2% | -118.4% | ||
| Q1 25 | -29.8% | -118.9% | ||
| Q4 24 | -27.5% | -432.8% | ||
| Q3 24 | 17.8% | -150.5% | ||
| Q2 24 | -3.0% | -91.2% | ||
| Q1 24 | 8.2% | -59.0% |
| Q4 25 | 12.1% | 201.2% | ||
| Q3 25 | 14.7% | 33.6% | ||
| Q2 25 | 10.2% | 49.9% | ||
| Q1 25 | 16.8% | 18.2% | ||
| Q4 24 | 13.1% | 117.0% | ||
| Q3 24 | 13.8% | 28.9% | ||
| Q2 24 | 10.9% | 11.9% | ||
| Q1 24 | 13.0% | 5.5% |
| 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.
