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Side-by-side financial comparison of MARA Holdings, Inc. (MARA) and PREFORMED LINE PRODUCTS CO (PLPC). Click either name above to swap in a different company.

MARA Holdings, Inc. is the larger business by last-quarter revenue ($202.3M vs $173.1M, roughly 1.2× PREFORMED LINE PRODUCTS CO). PREFORMED LINE PRODUCTS CO runs the higher net margin — 4.9% vs -14298.3%, a 14303.1% gap on every dollar of revenue. On growth, PREFORMED LINE PRODUCTS CO posted the faster year-over-year revenue change (3.6% vs -5.6%). PREFORMED LINE PRODUCTS CO produced more free cash flow last quarter ($11.8M vs $-1.2B). Over the past eight quarters, PREFORMED LINE PRODUCTS CO's revenue compounded faster (10.8% CAGR vs 10.7%).

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.

Preformed Line Products Co (PLPC) designs, manufactures and supplies engineered hardware for power transmission, telecommunications, and renewable energy infrastructure sectors. It serves utility, network operator and industrial customers across global regions, offering solutions that boost network reliability and operational efficiency.

MARA vs PLPC — Head-to-Head

Bigger by revenue
MARA
MARA
1.2× larger
MARA
$202.3M
$173.1M
PLPC
Growing faster (revenue YoY)
PLPC
PLPC
+9.2% gap
PLPC
3.6%
-5.6%
MARA
Higher net margin
PLPC
PLPC
14303.1% more per $
PLPC
4.9%
-14298.3%
MARA
More free cash flow
PLPC
PLPC
$1.2B more FCF
PLPC
$11.8M
$-1.2B
MARA
Faster 2-yr revenue CAGR
PLPC
PLPC
Annualised
PLPC
10.8%
10.7%
MARA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MARA
MARA
PLPC
PLPC
Revenue
$202.3M
$173.1M
Net Profit
$-1.7B
$8.4M
Gross Margin
29.8%
Operating Margin
-11795.9%
6.8%
Net Margin
-14298.3%
4.9%
Revenue YoY
-5.6%
3.6%
Net Profit YoY
-423.5%
-19.3%
EPS (diluted)
$-4.25
$1.72

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
PLPC
PLPC
Q4 25
$202.3M
$173.1M
Q3 25
$252.4M
$178.1M
Q2 25
$238.5M
$169.6M
Q1 25
$213.9M
$148.5M
Q4 24
$214.4M
$167.1M
Q3 24
$131.6M
$147.0M
Q2 24
$145.1M
$138.7M
Q1 24
$165.2M
$140.9M
Net Profit
MARA
MARA
PLPC
PLPC
Q4 25
$-1.7B
$8.4M
Q3 25
$123.1M
$2.6M
Q2 25
$808.2M
$12.7M
Q1 25
$-533.4M
$11.5M
Q4 24
$528.5M
$10.5M
Q3 24
$-124.8M
$7.7M
Q2 24
$-199.7M
$9.4M
Q1 24
$337.2M
$9.6M
Gross Margin
MARA
MARA
PLPC
PLPC
Q4 25
29.8%
Q3 25
29.7%
Q2 25
32.7%
Q1 25
32.8%
Q4 24
-2613.4%
33.3%
Q3 24
-1065.0%
31.1%
Q2 24
-587.6%
31.9%
Q1 24
-289.4%
31.3%
Operating Margin
MARA
MARA
PLPC
PLPC
Q4 25
-11795.9%
6.8%
Q3 25
18.9%
7.4%
Q2 25
10.1%
Q1 25
-253.0%
8.8%
Q4 24
10.5%
Q3 24
-130.8%
7.1%
Q2 24
-160.1%
8.1%
Q1 24
8.2%
Net Margin
MARA
MARA
PLPC
PLPC
Q4 25
-14298.3%
4.9%
Q3 25
48.8%
1.5%
Q2 25
338.9%
7.5%
Q1 25
-249.4%
7.8%
Q4 24
5367.4%
6.3%
Q3 24
-94.8%
5.2%
Q2 24
-137.6%
6.8%
Q1 24
204.1%
6.8%
EPS (diluted)
MARA
MARA
PLPC
PLPC
Q4 25
$-4.25
$1.72
Q3 25
$0.27
$0.53
Q2 25
$1.84
$2.56
Q1 25
$-1.55
$2.33
Q4 24
$1.60
$2.13
Q3 24
$-0.42
$1.54
Q2 24
$-0.72
$1.89
Q1 24
$1.26
$1.94

Balance Sheet & Financial Strength

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

Metric
MARA
MARA
PLPC
PLPC
Cash + ST InvestmentsLiquidity on hand
$547.1M
Total DebtLower is stronger
$3.6B
$38.3M
Stockholders' EquityBook value
$3.5B
$475.5M
Total Assets
$7.3B
$653.6M
Debt / EquityLower = less leverage
1.04×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MARA
MARA
PLPC
PLPC
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
MARA
MARA
PLPC
PLPC
Q4 25
$3.6B
$38.3M
Q3 25
$3.2B
$36.0M
Q2 25
$2.3B
$31.8M
Q1 25
$2.3B
$29.1M
Q4 24
$2.4B
$20.8M
Q3 24
$618.7M
$27.2M
Q2 24
$31.6M
Q1 24
$55.0M
Stockholders' Equity
MARA
MARA
PLPC
PLPC
Q4 25
$3.5B
$475.5M
Q3 25
$5.2B
$466.3M
Q2 25
$4.8B
$460.7M
Q1 25
$3.7B
$435.8M
Q4 24
$4.1B
$422.3M
Q3 24
$2.9B
$429.0M
Q2 24
$2.6B
$416.2M
Q1 24
$2.5B
$413.4M
Total Assets
MARA
MARA
PLPC
PLPC
Q4 25
$7.3B
$653.6M
Q3 25
$9.2B
$644.6M
Q2 25
$7.7B
$631.5M
Q1 25
$6.4B
$592.5M
Q4 24
$6.8B
$573.9M
Q3 24
$3.6B
$592.0M
Q2 24
$3.1B
$572.6M
Q1 24
$3.0B
$586.1M
Debt / Equity
MARA
MARA
PLPC
PLPC
Q4 25
1.04×
0.08×
Q3 25
0.63×
0.08×
Q2 25
0.47×
0.07×
Q1 25
0.62×
0.07×
Q4 24
0.59×
0.05×
Q3 24
0.22×
0.06×
Q2 24
0.08×
Q1 24
0.13×

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
PLPC
PLPC
Operating Cash FlowLast quarter
$-802.7M
$21.9M
Free Cash FlowOCF − Capex
$-1.2B
$11.8M
FCF MarginFCF / Revenue
-598.0%
6.8%
Capex IntensityCapex / Revenue
201.2%
5.9%
Cash ConversionOCF / Net Profit
2.60×
TTM Free Cash FlowTrailing 4 quarters
$-2.0B
$33.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MARA
MARA
PLPC
PLPC
Q4 25
$-802.7M
$21.9M
Q3 25
$-199.0M
$18.9M
Q2 25
$-163.4M
$26.9M
Q1 25
$-215.5M
$5.7M
Q4 24
$-677.0M
$24.1M
Q3 24
$-160.1M
$9.4M
Q2 24
$-115.2M
$28.3M
Q1 24
$-88.3M
$5.8M
Free Cash Flow
MARA
MARA
PLPC
PLPC
Q4 25
$-1.2B
$11.8M
Q3 25
$-283.9M
$8.3M
Q2 25
$-282.4M
$18.6M
Q1 25
$-254.3M
$-5.3M
Q4 24
$-927.8M
$20.6M
Q3 24
$-198.1M
$5.8M
Q2 24
$-132.4M
$24.6M
Q1 24
$-97.4M
$1.8M
FCF Margin
MARA
MARA
PLPC
PLPC
Q4 25
-598.0%
6.8%
Q3 25
-112.5%
4.7%
Q2 25
-118.4%
10.9%
Q1 25
-118.9%
-3.6%
Q4 24
-432.8%
12.3%
Q3 24
-150.5%
3.9%
Q2 24
-91.2%
17.7%
Q1 24
-59.0%
1.3%
Capex Intensity
MARA
MARA
PLPC
PLPC
Q4 25
201.2%
5.9%
Q3 25
33.6%
6.0%
Q2 25
49.9%
4.9%
Q1 25
18.2%
7.4%
Q4 24
117.0%
2.1%
Q3 24
28.9%
2.4%
Q2 24
11.9%
2.7%
Q1 24
5.5%
2.8%
Cash Conversion
MARA
MARA
PLPC
PLPC
Q4 25
2.60×
Q3 25
-1.62×
7.21×
Q2 25
-0.20×
2.12×
Q1 25
0.49×
Q4 24
-1.28×
2.30×
Q3 24
1.22×
Q2 24
3.02×
Q1 24
-0.26×
0.60×

Financial Flow Comparison

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

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