WallStSmart

Marathon Digital Holdings Inc (MARA)vsTradeweb Markets Inc (TW)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Tradeweb Markets Inc generates 126% more annual revenue ($2.05B vs $907.09M). TW leads profitability with a 39.6% profit margin vs -144.6%. MARA appears more attractively valued with a PEG of 0.10. TW earns a higher WallStSmart Score of 65/100 (C+).

MARA

Buy

51

out of 100

Grade: C-

Growth: 7.3Profit: 2.0Value: 6.7Quality: 4.3
Piotroski: 1/9Altman Z: 0.73

TW

Buy

65

out of 100

Grade: C+

Growth: 8.0Profit: 8.5Value: 5.3Quality: 7.8
Piotroski: 5/9Altman Z: 5.64
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for MARA.

TWUndervalued (+35.1%)

Margin of Safety

+35.1%

Fair Value

$177.37

Current Price

$116.57

$60.80 discount

UndervaluedFair: $177.37Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MARA3 strengths · Avg: 10.0/10
PEG RatioValuation
0.1010/10

Growing faster than its price suggests

Price/BookValuation
0.9x10/10

Reasonable price relative to book value

EPS GrowthGrowth
86.7%10/10

Earnings expanding 86.7% YoY

TW4 strengths · Avg: 10.0/10
Profit MarginProfitability
39.6%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
42.4%10/10

Strong operational efficiency at 42.4%

EPS GrowthGrowth
128.8%10/10

Earnings expanding 128.8% YoY

Altman Z-ScoreHealth
5.6410/10

Safe zone — low bankruptcy risk

Areas to Watch

MARA4 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Return on EquityProfitability
-34.5%2/10

ROE of -34.5% — below average capital efficiency

Revenue GrowthGrowth
-5.6%2/10

Revenue declined 5.6%

Altman Z-ScoreHealth
0.732/10

Distress zone — elevated risk

TW2 concerns · Avg: 3.0/10
P/E RatioValuation
30.8x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
3.022/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : MARA

The strongest argument for MARA centers on PEG Ratio, Price/Book, EPS Growth. PEG of 0.10 suggests the stock is reasonably priced for its growth.

Bull Case : TW

The strongest argument for TW centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.6% and operating margin at 42.4%. Revenue growth of 12.5% demonstrates continued momentum.

Bear Case : MARA

The primary concerns for MARA are Piotroski F-Score, Return on Equity, Revenue Growth.

Bear Case : TW

The primary concerns for TW are P/E Ratio, PEG Ratio.

Key Dynamics to Monitor

MARA profiles as a turnaround stock while TW is a mature play — different risk/reward profiles.

MARA carries more volatility with a beta of 5.42 — expect wider price swings.

TW is growing revenue faster at 12.5% — sustainability is the question.

MARA generates stronger free cash flow (508M), providing more financial flexibility.

Bottom Line

TW scores higher overall (65/100 vs 51/100), backed by strong 39.6% margins and 12.5% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Marathon Digital Holdings Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.

Tradeweb Markets Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Tradeweb Markets Inc. creates and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific and internationally.

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