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MARA Holdings, Inc.（MARA）与ROGERS CORP（ROG）财务数据对比。点击上方公司名可切换其他公司
MARA Holdings, Inc.的季度营收约是ROGERS CORP的1.0倍（$202.3M vs $200.5M），ROGERS CORP净利率更高（2.2% vs -14298.3%，领先14300.5%），ROGERS CORP同比增速更快（5.2% vs -5.6%），ROGERS CORP自由现金流更多（$1.1M vs $-1.2B），过去两年MARA Holdings, Inc.的营收复合增速更高（10.7% vs -3.3%）
MARA Holdings, Inc.是一家美国数字资产技术及加密货币挖矿企业，总部位于佛罗里达州劳德代尔堡。公司成立于2010年，最初以专利控股公司的模式运营，2010年代后期转向专注于区块链基础设施与数字资产相关业务。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
MARA vs ROG — 直观对比
营收规模更大
MARA
是对方的1.0倍
$200.5M
营收增速更快
ROG
高出10.9%
-5.6%
净利率更高
ROG
高出14300.5%
-14298.3%
自由现金流更多
ROG
多$1.2B
$-1.2B
两年增速更快
MARA
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $202.3M | $200.5M |
| 净利润 | $-1.7B | $4.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | -11795.9% | — |
| 净利率 | -14298.3% | 2.2% |
| 营收同比 | -5.6% | 5.2% |
| 净利润同比 | -423.5% | 421.4% |
| 每股收益（稀释后） | $-4.25 | $0.25 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MARAROG
| 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 |
净利润MARAROG
| 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 |
毛利率MARAROG
| 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% |
营业利润率MARAROG
| 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% |
净利率MARAROG
| 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% |
每股收益（稀释后）MARAROG
| 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 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $547.1M | $195.8M |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $3.5B | $1.2B |
| 总资产 | $7.3B | $1.4B |
| 负债/权益比越低杠杆越低 | 1.04× | — |
8季度趋势，按日历期对齐
现金及短期投资MARAROG
| 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 |
总债务MARAROG
| 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 | — | — |
股东权益MARAROG
| 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 |
总资产MARAROG
| 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 |
负债/权益比MARAROG
| 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 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-802.7M | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $1.1M |
| 自由现金流率自由现金流/营收 | -598.0% | 0.5% |
| 资本支出强度资本支出/营收 | 201.2% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 1.29× |
| 过去12个月自由现金流最近4个季度 | $-2.0B | $70.1M |
8季度趋势，按日历期对齐
经营现金流MARAROG
| 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 |
自由现金流MARAROG
| 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 |
自由现金流率MARAROG
| 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% |
资本支出强度MARAROG
| 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% |
现金转化率MARAROG
| 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× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
