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Side-by-side financial comparison of MARA Holdings, Inc. (MARA) and ROGERS CORP (ROG). Click either name above to swap in a different company.
MARA Holdings, Inc. is the larger business by last-quarter revenue ($202.3M vs $200.5M, roughly 1.0× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs -14298.3%, a 14300.5% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs -5.6%). ROGERS CORP produced more free cash flow last quarter ($1.1M vs $-1.2B). Over the past eight quarters, MARA Holdings, Inc.'s revenue compounded faster (10.7% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
MARA vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.3M | $200.5M |
| Net Profit | $-1.7B | $4.5M |
| Gross Margin | — | 32.2% |
| Operating Margin | -11795.9% | — |
| Net Margin | -14298.3% | 2.2% |
| Revenue YoY | -5.6% | 5.2% |
| Net Profit YoY | -423.5% | 421.4% |
| EPS (diluted) | $-4.25 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $202.3M | $201.5M | ||
| Q3 25 | $252.4M | $216.0M | ||
| Q2 25 | $238.5M | $202.8M | ||
| Q1 25 | $213.9M | $190.5M | ||
| Q4 24 | $214.4M | $192.2M | ||
| Q3 24 | $131.6M | $210.3M | ||
| Q2 24 | $145.1M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-1.7B | $4.6M | ||
| Q3 25 | $123.1M | $8.6M | ||
| Q2 25 | $808.2M | $-73.6M | ||
| Q1 25 | $-533.4M | $-1.4M | ||
| Q4 24 | $528.5M | $-500.0K | ||
| Q3 24 | $-124.8M | $10.7M | ||
| Q2 24 | $-199.7M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | -2613.4% | 32.1% | ||
| Q3 24 | -1065.0% | 35.2% | ||
| Q2 24 | -587.6% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | -11795.9% | 3.5% | ||
| Q3 25 | 18.9% | 7.3% | ||
| Q2 25 | — | -33.3% | ||
| Q1 25 | -253.0% | -0.2% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | -130.8% | 6.9% | ||
| Q2 24 | -160.1% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -14298.3% | 2.3% | ||
| Q3 25 | 48.8% | 4.0% | ||
| Q2 25 | 338.9% | -36.3% | ||
| Q1 25 | -249.4% | -0.7% | ||
| Q4 24 | 5367.4% | -0.3% | ||
| Q3 24 | -94.8% | 5.1% | ||
| Q2 24 | -137.6% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-4.25 | $0.20 | ||
| Q3 25 | $0.27 | $0.48 | ||
| Q2 25 | $1.84 | $-4.00 | ||
| Q1 25 | $-1.55 | $-0.08 | ||
| Q4 24 | $1.60 | $-0.04 | ||
| Q3 24 | $-0.42 | $0.58 | ||
| Q2 24 | $-0.72 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $547.1M | $195.8M |
| Total DebtLower is stronger | $3.6B | — |
| Stockholders' EquityBook value | $3.5B | $1.2B |
| Total Assets | $7.3B | $1.4B |
| Debt / EquityLower = less leverage | 1.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $547.1M | $197.0M | ||
| Q3 25 | $826.4M | $167.8M | ||
| Q2 25 | $109.5M | $157.2M | ||
| Q1 25 | $196.2M | $175.6M | ||
| Q4 24 | $391.8M | $159.8M | ||
| Q3 24 | $164.3M | $146.4M | ||
| Q2 24 | $256.0M | $119.9M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.2B | ||
| Q4 25 | $3.5B | $1.2B | ||
| Q3 25 | $5.2B | $1.2B | ||
| Q2 25 | $4.8B | $1.2B | ||
| Q1 25 | $3.7B | $1.3B | ||
| Q4 24 | $4.1B | $1.3B | ||
| Q3 24 | $2.9B | $1.3B | ||
| Q2 24 | $2.6B | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $7.3B | $1.4B | ||
| Q3 25 | $9.2B | $1.4B | ||
| Q2 25 | $7.7B | $1.5B | ||
| Q1 25 | $6.4B | $1.5B | ||
| Q4 24 | $6.8B | $1.5B | ||
| Q3 24 | $3.6B | $1.5B | ||
| Q2 24 | $3.1B | $1.5B |
| Q1 26 | — | — | ||
| 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 | — | — |
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 | $-802.7M | $5.8M |
| Free Cash FlowOCF − Capex | $-1.2B | $1.1M |
| FCF MarginFCF / Revenue | -598.0% | 0.5% |
| Capex IntensityCapex / Revenue | 201.2% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.0B | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $-802.7M | $46.9M | ||
| Q3 25 | $-199.0M | $28.9M | ||
| Q2 25 | $-163.4M | $13.7M | ||
| Q1 25 | $-215.5M | $11.7M | ||
| Q4 24 | $-677.0M | $33.7M | ||
| Q3 24 | $-160.1M | $42.4M | ||
| Q2 24 | $-115.2M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $-1.2B | $42.2M | ||
| Q3 25 | $-283.9M | $21.2M | ||
| Q2 25 | $-282.4M | $5.6M | ||
| Q1 25 | $-254.3M | $2.1M | ||
| Q4 24 | $-927.8M | $18.3M | ||
| Q3 24 | $-198.1M | $25.2M | ||
| Q2 24 | $-132.4M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | -598.0% | 20.9% | ||
| Q3 25 | -112.5% | 9.8% | ||
| Q2 25 | -118.4% | 2.8% | ||
| Q1 25 | -118.9% | 1.1% | ||
| Q4 24 | -432.8% | 9.5% | ||
| Q3 24 | -150.5% | 12.0% | ||
| Q2 24 | -91.2% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 201.2% | 2.3% | ||
| Q3 25 | 33.6% | 3.6% | ||
| Q2 25 | 49.9% | 4.0% | ||
| Q1 25 | 18.2% | 5.0% | ||
| Q4 24 | 117.0% | 8.0% | ||
| Q3 24 | 28.9% | 8.2% | ||
| Q2 24 | 11.9% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | -1.62× | 3.36× | ||
| Q2 25 | -0.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.28× | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
