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Side-by-side financial comparison of MARA Holdings, Inc. (MARA) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $202.3M, roughly 1.7× MARA Holdings, Inc.). WYNDHAM HOTELS & RESORTS, INC. runs the higher net margin — -18.0% vs -14298.3%, a 14280.3% gap on every dollar of revenue. On growth, MARA Holdings, Inc. posted the faster year-over-year revenue change (-5.6% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $-1.2B). Over the past eight quarters, MARA Holdings, Inc.'s revenue compounded faster (10.7% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
MARA vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.3M | $334.0M |
| Net Profit | $-1.7B | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | -11795.9% | — |
| Net Margin | -14298.3% | -18.0% |
| Revenue YoY | -5.6% | -76.3% |
| Net Profit YoY | -423.5% | -170.6% |
| EPS (diluted) | $-4.25 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $202.3M | $334.0M | ||
| Q3 25 | $252.4M | $382.0M | ||
| Q2 25 | $238.5M | $397.0M | ||
| Q1 25 | $213.9M | $316.0M | ||
| Q4 24 | $214.4M | $336.0M | ||
| Q3 24 | $131.6M | $396.0M | ||
| Q2 24 | $145.1M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $-1.7B | $-60.0M | ||
| Q3 25 | $123.1M | $105.0M | ||
| Q2 25 | $808.2M | $87.0M | ||
| Q1 25 | $-533.4M | $61.0M | ||
| Q4 24 | $528.5M | $85.0M | ||
| Q3 24 | $-124.8M | $102.0M | ||
| Q2 24 | $-199.7M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -2613.4% | — | ||
| Q3 24 | -1065.0% | — | ||
| Q2 24 | -587.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | -11795.9% | -11.4% | ||
| Q3 25 | 18.9% | 46.6% | ||
| Q2 25 | — | 37.8% | ||
| Q1 25 | -253.0% | 35.4% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | -130.8% | 43.2% | ||
| Q2 24 | -160.1% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | -14298.3% | -18.0% | ||
| Q3 25 | 48.8% | 27.5% | ||
| Q2 25 | 338.9% | 21.9% | ||
| Q1 25 | -249.4% | 19.3% | ||
| Q4 24 | 5367.4% | 25.3% | ||
| Q3 24 | -94.8% | 25.8% | ||
| Q2 24 | -137.6% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $-4.25 | $-0.77 | ||
| Q3 25 | $0.27 | $1.36 | ||
| Q2 25 | $1.84 | $1.13 | ||
| Q1 25 | $-1.55 | $0.78 | ||
| Q4 24 | $1.60 | $1.06 | ||
| Q3 24 | $-0.42 | $1.29 | ||
| Q2 24 | $-0.72 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $3.6B | — |
| Stockholders' EquityBook value | $3.5B | $468.0M |
| Total Assets | $7.3B | $4.2B |
| Debt / EquityLower = less leverage | 1.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $547.1M | $64.0M | ||
| Q3 25 | $826.4M | $70.0M | ||
| Q2 25 | $109.5M | $50.0M | ||
| Q1 25 | $196.2M | $48.0M | ||
| Q4 24 | $391.8M | $103.0M | ||
| Q3 24 | $164.3M | $72.0M | ||
| Q2 24 | $256.0M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $2.5B | ||
| Q3 25 | $3.2B | $2.6B | ||
| Q2 25 | $2.3B | $2.5B | ||
| Q1 25 | $2.3B | $2.5B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $618.7M | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $3.5B | $468.0M | ||
| Q3 25 | $5.2B | $583.0M | ||
| Q2 25 | $4.8B | $570.0M | ||
| Q1 25 | $3.7B | $579.0M | ||
| Q4 24 | $4.1B | $650.0M | ||
| Q3 24 | $2.9B | $583.0M | ||
| Q2 24 | $2.6B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $7.3B | $4.2B | ||
| Q3 25 | $9.2B | $4.3B | ||
| Q2 25 | $7.7B | $4.3B | ||
| Q1 25 | $6.4B | $4.2B | ||
| Q4 24 | $6.8B | $4.2B | ||
| Q3 24 | $3.6B | $4.2B | ||
| Q2 24 | $3.1B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | 5.37× | ||
| Q3 25 | 0.63× | 4.43× | ||
| Q2 25 | 0.47× | 4.44× | ||
| Q1 25 | 0.62× | 4.29× | ||
| Q4 24 | 0.59× | 3.72× | ||
| Q3 24 | 0.22× | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $-1.2B | $168.0M |
| FCF MarginFCF / Revenue | -598.0% | 50.3% |
| Capex IntensityCapex / Revenue | 201.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.0B | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $-802.7M | $152.0M | ||
| Q3 25 | $-199.0M | $86.0M | ||
| Q2 25 | $-163.4M | $70.0M | ||
| Q1 25 | $-215.5M | $59.0M | ||
| Q4 24 | $-677.0M | $134.0M | ||
| Q3 24 | $-160.1M | $79.0M | ||
| Q2 24 | $-115.2M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $-1.2B | $136.0M | ||
| Q3 25 | $-283.9M | $75.0M | ||
| Q2 25 | $-282.4M | $58.0M | ||
| Q1 25 | $-254.3M | $52.0M | ||
| Q4 24 | $-927.8M | $109.0M | ||
| Q3 24 | $-198.1M | $71.0M | ||
| Q2 24 | $-132.4M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | -598.0% | 40.7% | ||
| Q3 25 | -112.5% | 19.6% | ||
| Q2 25 | -118.4% | 14.6% | ||
| Q1 25 | -118.9% | 16.5% | ||
| Q4 24 | -432.8% | 32.4% | ||
| Q3 24 | -150.5% | 17.9% | ||
| Q2 24 | -91.2% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 201.2% | 4.8% | ||
| Q3 25 | 33.6% | 2.9% | ||
| Q2 25 | 49.9% | 3.0% | ||
| Q1 25 | 18.2% | 2.2% | ||
| Q4 24 | 117.0% | 7.4% | ||
| Q3 24 | 28.9% | 2.0% | ||
| Q2 24 | 11.9% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.62× | 0.82× | ||
| Q2 25 | -0.20× | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | -1.28× | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MARA
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
