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Side-by-side financial comparison of MARA Holdings, Inc. (MARA) and Oil-Dri Corp of America (ODC). Click either name above to swap in a different company.

MARA Holdings, Inc. is the larger business by last-quarter revenue ($202.3M vs $120.5M, roughly 1.7× Oil-Dri Corp of America). Oil-Dri Corp of America runs the higher net margin — 12.8% vs -14298.3%, a 14311.1% gap on every dollar of revenue. On growth, MARA Holdings, Inc. posted the faster year-over-year revenue change (-5.6% vs -5.8%). Oil-Dri Corp of America produced more free cash flow last quarter ($1.3M vs $-1.2B). Over the past eight quarters, MARA Holdings, Inc.'s revenue compounded faster (10.7% CAGR vs 6.8%).

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.

Oil-Dri Corporation of America is a leading manufacturer and marketer of specialty sorbent and clay-based products. Its offerings include industrial spill cleanup absorbents, pet care goods such as cat litter, agricultural soil amendments, and sports field conditioning materials, serving customers across North America and other global commercial markets.

MARA vs ODC — Head-to-Head

Bigger by revenue
MARA
MARA
1.7× larger
MARA
$202.3M
$120.5M
ODC
Growing faster (revenue YoY)
MARA
MARA
+0.2% gap
MARA
-5.6%
-5.8%
ODC
Higher net margin
ODC
ODC
14311.1% more per $
ODC
12.8%
-14298.3%
MARA
More free cash flow
ODC
ODC
$1.2B more FCF
ODC
$1.3M
$-1.2B
MARA
Faster 2-yr revenue CAGR
MARA
MARA
Annualised
MARA
10.7%
6.8%
ODC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MARA
MARA
ODC
ODC
Revenue
$202.3M
$120.5M
Net Profit
$-1.7B
$15.5M
Gross Margin
29.5%
Operating Margin
-11795.9%
14.1%
Net Margin
-14298.3%
12.8%
Revenue YoY
-5.6%
-5.8%
Net Profit YoY
-423.5%
-5.6%
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
MARA
MARA
ODC
ODC
Q4 25
$202.3M
$120.5M
Q3 25
$252.4M
$125.2M
Q2 25
$238.5M
$115.5M
Q1 25
$213.9M
$116.9M
Q4 24
$214.4M
$127.9M
Q3 24
$131.6M
$113.7M
Q2 24
$145.1M
$106.8M
Q1 24
$165.2M
$105.7M
Net Profit
MARA
MARA
ODC
ODC
Q4 25
$-1.7B
$15.5M
Q3 25
$123.1M
$13.1M
Q2 25
$808.2M
$11.6M
Q1 25
$-533.4M
$12.9M
Q4 24
$528.5M
$16.4M
Q3 24
$-124.8M
$8.5M
Q2 24
$-199.7M
$7.8M
Q1 24
$337.2M
$12.4M
Gross Margin
MARA
MARA
ODC
ODC
Q4 25
29.5%
Q3 25
27.8%
Q2 25
28.6%
Q1 25
29.5%
Q4 24
-2613.4%
31.9%
Q3 24
-1065.0%
29.0%
Q2 24
-587.6%
28.2%
Q1 24
-289.4%
29.3%
Operating Margin
MARA
MARA
ODC
ODC
Q4 25
-11795.9%
14.1%
Q3 25
18.9%
12.5%
Q2 25
12.0%
Q1 25
-253.0%
15.0%
Q4 24
16.6%
Q3 24
-130.8%
11.3%
Q2 24
-160.1%
9.8%
Q1 24
14.4%
Net Margin
MARA
MARA
ODC
ODC
Q4 25
-14298.3%
12.8%
Q3 25
48.8%
10.4%
Q2 25
338.9%
10.1%
Q1 25
-249.4%
11.1%
Q4 24
5367.4%
12.8%
Q3 24
-94.8%
7.5%
Q2 24
-137.6%
7.3%
Q1 24
204.1%
11.7%
EPS (diluted)
MARA
MARA
ODC
ODC
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
MARA
MARA
ODC
ODC
Cash + ST InvestmentsLiquidity on hand
$547.1M
$42.4M
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$3.5B
$266.5M
Total Assets
$7.3B
$380.7M
Debt / EquityLower = less leverage
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MARA
MARA
ODC
ODC
Q4 25
$547.1M
$42.4M
Q3 25
$826.4M
$50.5M
Q2 25
$109.5M
$36.5M
Q1 25
$196.2M
$22.6M
Q4 24
$391.8M
$12.5M
Q3 24
$164.3M
$23.5M
Q2 24
$256.0M
$46.8M
Q1 24
$324.3M
$27.8M
Total Debt
MARA
MARA
ODC
ODC
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
MARA
MARA
ODC
ODC
Q4 25
$3.5B
$266.5M
Q3 25
$5.2B
$259.1M
Q2 25
$4.8B
$246.9M
Q1 25
$3.7B
$235.9M
Q4 24
$4.1B
$224.0M
Q3 24
$2.9B
$210.6M
Q2 24
$2.6B
$202.9M
Q1 24
$2.5B
$196.0M
Total Assets
MARA
MARA
ODC
ODC
Q4 25
$7.3B
$380.7M
Q3 25
$9.2B
$391.7M
Q2 25
$7.7B
$369.5M
Q1 25
$6.4B
$353.7M
Q4 24
$6.8B
$350.2M
Q3 24
$3.6B
$354.6M
Q2 24
$3.1B
$319.2M
Q1 24
$3.0B
$296.2M
Debt / Equity
MARA
MARA
ODC
ODC
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
MARA
MARA
ODC
ODC
Operating Cash FlowLast quarter
$-802.7M
$10.3M
Free Cash FlowOCF − Capex
$-1.2B
$1.3M
FCF MarginFCF / Revenue
-598.0%
1.1%
Capex IntensityCapex / Revenue
201.2%
7.5%
Cash ConversionOCF / Net Profit
0.67×
TTM Free Cash FlowTrailing 4 quarters
$-2.0B
$50.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MARA
MARA
ODC
ODC
Q4 25
$-802.7M
$10.3M
Q3 25
$-199.0M
$25.2M
Q2 25
$-163.4M
$22.7M
Q1 25
$-215.5M
$21.4M
Q4 24
$-677.0M
$10.9M
Q3 24
$-160.1M
$23.4M
Q2 24
$-115.2M
$19.0M
Q1 24
$-88.3M
$9.4M
Free Cash Flow
MARA
MARA
ODC
ODC
Q4 25
$-1.2B
$1.3M
Q3 25
$-283.9M
$17.1M
Q2 25
$-282.4M
$16.0M
Q1 25
$-254.3M
$16.4M
Q4 24
$-927.8M
$-1.9M
Q3 24
$-198.1M
$15.1M
Q2 24
$-132.4M
$10.8M
Q1 24
$-97.4M
$1.9M
FCF Margin
MARA
MARA
ODC
ODC
Q4 25
-598.0%
1.1%
Q3 25
-112.5%
13.7%
Q2 25
-118.4%
13.8%
Q1 25
-118.9%
14.0%
Q4 24
-432.8%
-1.5%
Q3 24
-150.5%
13.3%
Q2 24
-91.2%
10.1%
Q1 24
-59.0%
1.8%
Capex Intensity
MARA
MARA
ODC
ODC
Q4 25
201.2%
7.5%
Q3 25
33.6%
6.5%
Q2 25
49.9%
5.8%
Q1 25
18.2%
4.3%
Q4 24
117.0%
10.0%
Q3 24
28.9%
7.3%
Q2 24
11.9%
7.7%
Q1 24
5.5%
7.1%
Cash Conversion
MARA
MARA
ODC
ODC
Q4 25
0.67×
Q3 25
-1.62×
1.93×
Q2 25
-0.20×
1.95×
Q1 25
1.66×
Q4 24
-1.28×
0.67×
Q3 24
2.74×
Q2 24
2.44×
Q1 24
-0.26×
0.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MARA
MARA

Segment breakdown not available.

ODC
ODC

Cat Litter$64.6M54%
Fluids Purification$26.7M22%
Agriculturaland Horticultural$12.9M11%
Industrialand Sports$11.6M10%
Animal Healthand Nutrition$4.7M4%

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