MARA
Marathon Digital Holdings, Inc.
There isn't enough reported data to score MARA yet.
V
Visa Inc.
V's fundamentals are strong: revenue grew 15% and earnings per share grew 21%. At 34x earnings, it's trading in line with its usual 33x. Analysts expect earnings growth.
MARA Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| N/A | |
| N/A |
MARA's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like MARA.
V Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
V's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like V.
MARA PE Valuation
MARA has no meaningful PE right now: it lost money over the past year.
V PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 28x | $420 | — |
| Cheap | 30x | $371 | -12% |
| Fair | 33x | $402 | -4.4% |
| Current | 34x | $420 | — |
| Expensive | 38x | $474 | +13% |
Historical ranges are pointers, not guarantees.
V's PE is in its fair range at 34x. If earnings grow as analysts expect, today's price would be 28x next year's earnings, in its cheap range.
MARA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| -- | |
| Limited | |
| Low |
Analysts expect MARA's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
V Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for V, with profitability improving.
MARA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$7.88 | -465% |
| Q2 2026 | -$8.89 | -705% |
| Q1 2026 | -$5.45 | -$4.36 |
| Q4 2025 | -$3.69 | -315% |
| Q3 2025 | $2.16 | +148% |
| Q2 2025 | $1.47 | -10% |
| Q1 2025 | -$1.09 | -149% |
| Q4 2024 | $1.72 | +87% |
MARA has swung to a loss: it lost $7.88 per share over the past year, after a profit the year before.
V Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.01 | +22% |
| Q3 2026 | $12.32 | +21% |
| Q2 2026 | $11.76 | +15% |
| Q1 2026 | $11.48 | +15% |
| Q4 2025 | $10.66 | +7.5% |
| Q3 2025 | $10.21 | +4.9% |
| Q2 2025 | $10.24 | +9.5% |
| Q1 2025 | $9.95 | +11% |
| Q4 2024 | $9.92 | +14% |
V has the edge over MARA on earnings quality, reporting a profit while its opponent remains loss making.
MARA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $164.2M | -35% |
| Q2 2026 | $174.9M | -27% |
| Q1 2026 | $174.6M | -18% |
| Q4 2025 | $202.3M | -5.6% |
| Q3 2025 | $252.4M | +92% |
| Q2 2025 | $238.5M | +64% |
| Q1 2025 | $213.9M | +29% |
| Q4 2024 | $214.4M | +37% |
MARA's revenue has slid since its 2025 peak: $164M last quarter, down 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 108% | +89 points |
| Q2 2026 | -298% | -583 points |
| Q1 2026 | -608% | -355 points |
| Q4 2025 | -697% | -856 points |
| Q3 2025 | 19% | +150 points |
| Q2 2025 | 285% | +445 points |
| Q1 2025 | -253% | -477 points |
| Q4 2024 | 159% | +41 points |
MARA has the edge over V on profitability, with a higher operating margin.
V Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.1B | +13% |
| Q2 2026 | $11.6B | +14% |
| Q1 2026 | $11.2B | +17% |
| Q4 2025 | $10.9B | +15% |
| Q3 2025 | $10.7B | +12% |
| Q2 2025 | $10.2B | +14% |
| Q1 2025 | $9.6B | +9.3% |
| Q4 2024 | $9.5B | +10% |
V has the edge over MARA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 60% | +2.5 points |
| Q2 2026 | 59% | -1.6 points |
| Q1 2026 | 64% | +7.8 points |
| Q4 2025 | 62% | -3.8 points |
| Q3 2025 | 57% | -8.7 points |
| Q2 2025 | 61% | -6 points |
| Q1 2025 | 57% | -4.4 points |
| Q4 2024 | 66% | -3.4 points |
V's operating margin was 60% last quarter, up 2.5 points from the same quarter a year ago.
MARA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$263.6M | +$20.3M |
| Q2 2026 | -$238.5M | +$43.8M |
| Q1 2026 | -$327M | -$72.7M |
| Q4 2025 | -$389.2M | +$110.7M |
| Q3 2025 | -$283.9M | -$85.8M |
| Q2 2025 | -$282.4M | -$150M |
| Q1 2025 | -$254.3M | -$156.9M |
| Q4 2024 | -$499.9M | -$407M |
MARA's free cash flow was −$1.2B over the past year, against −$1.3B the year before. Free cash flow isn't a meaningful measure for financial services companies like MARA.
V Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.9B | +18% |
| Q2 2026 | $6.1B | -2.7% |
| Q1 2026 | $2.6B | -40% |
| Q4 2025 | $6.4B | +27% |
| Q3 2025 | $5.8B | -8% |
| Q2 2025 | $6.3B | +33% |
| Q1 2025 | $4.4B | +2.6% |
| Q4 2024 | $5.1B | +51% |
V has the edge over MARA on cash generation, producing positive trailing cash flow while its opponent burns cash.
MARA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +30% | +115M shares |
| 1 year | +13% | +55.5M shares |
| 3 years | +212% | +337M shares |
| 5 years | +416% | +400M shares |
MARA has 496M diluted shares, up 13% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $13.7M |
| Q2 2026 | $7.7M |
| Q1 2026 | $7.5M |
| Q4 2025 | $3.7M |
| Q3 2025 | $7.7M |
| Q2 2025 | $15.2M |
| Q1 2025 | $20.4M |
| Q4 2024 | $5.9M |
MARA spent $33M buying back its own shares over the past year, down 34% from the year before.
V Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -7% | -136M shares |
| 1 year | -7.6% | -148M shares |
| 3 years | -13% | -268M shares |
| 5 years | -17% | -378M shares |
| Available history | -20% | -443M shares |
V has the edge over MARA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4B |
| Q2 2026 | $4.8B |
| Q1 2026 | $7.9B |
| Q4 2025 | $3.7B |
| Q3 2025 | $4.9B |
| Q2 2025 | $4.8B |
| Q1 2025 | $4.6B |
| Q4 2024 | $4B |
V spent $20.5B buying back its own shares over the past year, up 12% from the year before.
MARA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q4 2024 | 2.9x | Moderate |
| Q3 2024 | 0.9x | Very low |
| Q2 2024 | 0.1x | Very low |
| Q1 2024 | 0.0x | Very low |
| Q4 2023 | -0.1x | Net Cash |
| Q3 2023 | 2.6x | Moderate |
MARA's net debt is about 2.1 years of its operating earnings (EBITDA), up from less than a year a year ago. Net leverage isn't a meaningful measure for financial services companies like MARA.
V Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.3x | Very low |
V's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like V.
MARA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.4 | Neutral |
| Stochastic | 10.2 | Oversold |
MARA's weekly RSI is 38 (neutral) and its Stochastic is 10 (oversold).
V Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.7 | Overbought |
| Stochastic | 82.0 | Overbought |
V's weekly RSI is 74 (overbought) and its Stochastic is 82 (overbought).
MARA PE vs Financial Services Sector
| Metric | MARA | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
MARA has no meaningful PE right now: it lost money over the past year.
V PE vs Financial Services Sector
| Metric | V | Sector median | Relative |
|---|---|---|---|
| PE | 34x | 13x | 162% above |
| PE % | 62 | 63 | 1 pt below |
V is trading at 34x earnings, a 162% premium to the Financial Services sector's median of 13x.
MARA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.54 | 16% below |
| 20 week MA | $10.3 | 30% below |
| 50 week MA | $10.6 | 32% below |
| 100 week MA | $13.3 | 46% below |
| 200 week MA | $14.4 | 50% below |
MARA is in a downtrend: it's below all five of its weekly moving averages, and 50% below its 200-week average.
V Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $397.6 | 5.7% above |
| 20 week MA | $378.3 | 11% above |
| 50 week MA | $346.0 | 21% above |
| 100 week MA | $343.7 | 22% above |
| 200 week MA | $300.6 | 40% above |
V has the edge over MARA on trend strength, trading above more of its moving averages.
MARA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.90 | $10.9 | +1113% |
| 2021 | $10.9 | $38.1 | +249% |
| 2022 | $38.1 | $3.62 | -91% |
| 2023 | $3.62 | $23.5 | +549% |
| 2024 | $23.5 | $18.4 | -21% |
| 2025 | $18.4 | $9.59 | -48% |
| 2026 YTD | $9.59 | $7.20 | -25% |
MARA's yearly returns have swung widely, from +1113% in 2020 to −91% in 2022. It's down 25% so far in 2026.
V Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $189.4 | $208.7 | +10% |
| 2021 | $208.7 | $216.6 | +3.8% |
| 2022 | $216.6 | $205.8 | -5% |
| 2023 | $205.8 | $260.4 | +26% |
| 2024 | $260.4 | $318.7 | +22% |
| 2025 | $318.7 | $355.0 | +11% |
| 2026 YTD | $355.0 | $420.3 | +18% |
V has the edge over MARA on returns for 2026, with the stronger performance.