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Side-by-side financial comparison of MARA Holdings, Inc. (MARA) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $202.3M, roughly 1.1× MARA Holdings, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs -14298.3%, a 14305.9% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -5.6%). Vital Farms, Inc. produced more free cash flow last quarter ($-32.1M vs $-1.2B). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
MARA vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.3M | $213.6M |
| Net Profit | $-1.7B | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | -11795.9% | 10.0% |
| Net Margin | -14298.3% | 7.6% |
| Revenue YoY | -5.6% | 28.7% |
| Net Profit YoY | -423.5% | 54.3% |
| EPS (diluted) | $-4.25 | $0.35 |
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 | $202.3M | $213.6M | ||
| Q3 25 | $252.4M | $198.9M | ||
| Q2 25 | $238.5M | $184.8M | ||
| Q1 25 | $213.9M | $162.2M | ||
| Q4 24 | $214.4M | $166.0M | ||
| Q3 24 | $131.6M | $145.0M | ||
| Q2 24 | $145.1M | $147.4M | ||
| Q1 24 | $165.2M | $147.9M |
| Q4 25 | $-1.7B | $16.3M | ||
| Q3 25 | $123.1M | $16.4M | ||
| Q2 25 | $808.2M | $16.6M | ||
| Q1 25 | $-533.4M | $16.9M | ||
| Q4 24 | $528.5M | $10.6M | ||
| Q3 24 | $-124.8M | $7.4M | ||
| Q2 24 | $-199.7M | $16.3M | ||
| Q1 24 | $337.2M | $19.0M |
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | -2613.4% | 36.1% | ||
| Q3 24 | -1065.0% | 36.9% | ||
| Q2 24 | -587.6% | 39.1% | ||
| Q1 24 | -289.4% | 39.8% |
| Q4 25 | -11795.9% | 10.0% | ||
| Q3 25 | 18.9% | 10.8% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | -253.0% | 13.4% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | -130.8% | 6.4% | ||
| Q2 24 | -160.1% | 11.6% | ||
| Q1 24 | — | 16.3% |
| Q4 25 | -14298.3% | 7.6% | ||
| Q3 25 | 48.8% | 8.3% | ||
| Q2 25 | 338.9% | 9.0% | ||
| Q1 25 | -249.4% | 10.4% | ||
| Q4 24 | 5367.4% | 6.4% | ||
| Q3 24 | -94.8% | 5.1% | ||
| Q2 24 | -137.6% | 11.1% | ||
| Q1 24 | 204.1% | 12.9% |
| Q4 25 | $-4.25 | $0.35 | ||
| Q3 25 | $0.27 | $0.36 | ||
| Q2 25 | $1.84 | $0.36 | ||
| Q1 25 | $-1.55 | $0.37 | ||
| Q4 24 | $1.60 | $0.23 | ||
| Q3 24 | $-0.42 | $0.16 | ||
| Q2 24 | $-0.72 | $0.36 | ||
| Q1 24 | $1.26 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | $3.6B | — |
| Stockholders' EquityBook value | $3.5B | $351.3M |
| Total Assets | $7.3B | $518.7M |
| Debt / EquityLower = less leverage | 1.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $547.1M | $48.8M | ||
| Q3 25 | $826.4M | $93.8M | ||
| Q2 25 | $109.5M | $108.2M | ||
| Q1 25 | $196.2M | $156.3M | ||
| Q4 24 | $391.8M | $150.6M | ||
| Q3 24 | $164.3M | $149.5M | ||
| Q2 24 | $256.0M | $133.2M | ||
| Q1 24 | $324.3M | $113.8M |
| 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 | — | — |
| Q4 25 | $3.5B | $351.3M | ||
| Q3 25 | $5.2B | $331.2M | ||
| Q2 25 | $4.8B | $309.8M | ||
| Q1 25 | $3.7B | $288.9M | ||
| Q4 24 | $4.1B | $269.3M | ||
| Q3 24 | $2.9B | $253.4M | ||
| Q2 24 | $2.6B | $238.4M | ||
| Q1 24 | $2.5B | $213.3M |
| Q4 25 | $7.3B | $518.7M | ||
| Q3 25 | $9.2B | $481.5M | ||
| Q2 25 | $7.7B | $430.8M | ||
| Q1 25 | $6.4B | $376.9M | ||
| Q4 24 | $6.8B | $359.3M | ||
| Q3 24 | $3.6B | $344.7M | ||
| Q2 24 | $3.1B | $320.5M | ||
| Q1 24 | $3.0B | $300.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-802.7M | $5.8M |
| Free Cash FlowOCF − Capex | $-1.2B | $-32.1M |
| FCF MarginFCF / Revenue | -598.0% | -15.1% |
| Capex IntensityCapex / Revenue | 201.2% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.0B | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-802.7M | $5.8M | ||
| Q3 25 | $-199.0M | $23.4M | ||
| Q2 25 | $-163.4M | $-761.0K | ||
| Q1 25 | $-215.5M | $5.3M | ||
| Q4 24 | $-677.0M | $14.8M | ||
| Q3 24 | $-160.1M | $10.0M | ||
| Q2 24 | $-115.2M | $16.1M | ||
| Q1 24 | $-88.3M | $23.9M |
| Q4 25 | $-1.2B | $-32.1M | ||
| Q3 25 | $-283.9M | $-10.6M | ||
| Q2 25 | $-282.4M | $-7.6M | ||
| Q1 25 | $-254.3M | $2.1M | ||
| Q4 24 | $-927.8M | $-3.4M | ||
| Q3 24 | $-198.1M | $6.4M | ||
| Q2 24 | $-132.4M | $10.5M | ||
| Q1 24 | $-97.4M | $22.6M |
| Q4 25 | -598.0% | -15.1% | ||
| Q3 25 | -112.5% | -5.3% | ||
| Q2 25 | -118.4% | -4.1% | ||
| Q1 25 | -118.9% | 1.3% | ||
| Q4 24 | -432.8% | -2.0% | ||
| Q3 24 | -150.5% | 4.4% | ||
| Q2 24 | -91.2% | 7.2% | ||
| Q1 24 | -59.0% | 15.3% |
| Q4 25 | 201.2% | 17.8% | ||
| Q3 25 | 33.6% | 17.1% | ||
| Q2 25 | 49.9% | 3.7% | ||
| Q1 25 | 18.2% | 1.9% | ||
| Q4 24 | 117.0% | 10.9% | ||
| Q3 24 | 28.9% | 2.5% | ||
| Q2 24 | 11.9% | 3.8% | ||
| Q1 24 | 5.5% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | -1.62× | 1.43× | ||
| Q2 25 | -0.20× | -0.05× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | -1.28× | 1.40× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.99× | ||
| Q1 24 | -0.26× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MARA
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
