MARA vs BH-A

Comparison between MARA Holdings Inc (MARA, Company) and Biglari Holdings Inc - Class A (BH-A, Company).

MARA is from the Financial Services sector, while BH-A is from the Consumer Cyclical sector.

5-Year PerformanceBH-A has outperformed MARA, delivering a return of +18.1% compared to -23.2%

MARA vs BH-A - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MARA(COMPANY)	BH-A(COMPANY)
Market Cap	$4.28B	$4.28B
Max Drawdown	99.74%	77.48%
Sharpe Ratio	-0.26	0.86
5Y Beta	2.61	0.51
Industry	Capital Markets	Restaurants
P/E Ratio	-2.14	192.33
Forward P/E	40.98	N/A
PEG Ratio	-0.01	N/A
5Y EPS CAGR	110.81%	N/A
Debt to Equity	108.25%	40.64%
Free Cash Flow Yield	-29.96%	1.90%
P/S Ratio	4.94	3.32
P/B Ratio	1.93	1.70

Market Cap

Winner

MARA

$4.28B

BH-A

$4.28B

Max Drawdown

MARA

99.74%

Winner

BH-A

77.48%

Sharpe Ratio

MARA

-0.26

Winner

BH-A

0.86

5Y Beta

MARA

2.61

Winner

BH-A

0.51

Industry

MARA

Capital Markets

BH-A

Restaurants

P/E Ratio

Winner

MARA

-2.14

BH-A

192.33

Forward P/E

MARA

40.98

BH-A

N/A

PEG Ratio

MARA

-0.01

BH-A

N/A

5Y EPS CAGR

MARA

110.81%

BH-A

N/A

Debt to Equity

MARA

108.25%

Winner

BH-A

40.64%

Free Cash Flow Yield

MARA

-29.96%

Winner

BH-A

1.90%

P/S Ratio

MARA

4.94

Winner

BH-A

3.32

P/B Ratio

MARA

1.93

Winner

BH-A

1.70

MARA vs BH-A - Historical Returns

Returns include dividend reinvestment.

Period	MARA	BH-A
1 month	-24.13%	+1.44%
3 months	-28.60%	+44.71%
6 months	+24.80%	-8.04%
1 year	-38.95%	+37.19%
5 years(CAGR)	-23.17%	+18.11%
10 years(CAGR)	-14.61%	+6.18%
Max(CAGR)	-16.23%	+6.18%

MARA

-24.13%

Winner

BH-A

+1.44%

MARA

-28.60%

Winner

BH-A

+44.71%

Winner

MARA

+24.80%

BH-A

-8.04%

MARA

-38.95%

Winner

BH-A

+37.19%

5Y(CAGR)

MARA

-23.17%

Winner

BH-A

+18.11%

10Y(CAGR)

MARA

-14.61%

Winner

BH-A

+6.18%

Max(CAGR)

MARA

-16.23%

Winner

BH-A

+6.18%

MARA vs BH-A - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	MARA	BH-A
2026	-3.53%	+6.28%
2025	-47.82%	+37.01%
2024	-26.86%	+60.59%
2023	+590.88%	+14.88%
2022	-89.60%	-1.08%
2021	+198.46%	+20.87%
2020	+894.29%	-0.68%
2019	-42.21%	-5.44%
2018	-91.62%	-50.01%
2017	-42.74%	N/A
2016	+8.18%	N/A
2015	-80.86%	N/A
2014	+171.61%	N/A
2013	-48.99%	N/A
2012	-13.04%	N/A

MARA vs BH-A Drawdown Comparison

The maximum drawdown for MARA was -99.74%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The maximum drawdown for BH-A was -77.48%, occurring on May 15, 2020. Recovery took 1668 trading sessions.

The current MARA drawdown is -93.82%. The current BH-A drawdown is -21.63%.

Rank	MARA	BH-A
#1	-99.74% Dec 23, 2014 - Mar 18, 2020	-77.48% May 1, 2018 - Dec 16, 2024
#2	-77.39% May 4, 2012 - Sep 12, 2014	-45.84% Jan 21, 2026 - May 11, 2026
#3	-26.35% Sep 12, 2014 - Dec 4, 2014	-24.85% Dec 26, 2024 - Jun 18, 2025
#4	-4.78% Dec 16, 2014 - Dec 22, 2014	-22.73% Oct 27, 2025 - Dec 23, 2025
#5	-2.81% Dec 8, 2014 - Dec 15, 2014	-13.54% Jul 23, 2025 - Aug 15, 2025
#6	N/A	-8.99% Dec 17, 2024 - Dec 26, 2024
#7	N/A	-7.47% Dec 23, 2025 - Jan 6, 2026
#8	N/A	-5.99% Aug 28, 2025 - Oct 2, 2025
#9	N/A	-5.15% Aug 15, 2025 - Aug 27, 2025
#10	N/A	-3.02% Oct 9, 2025 - Oct 13, 2025
#11	N/A	-2.74% Jun 23, 2025 - Jul 8, 2025
#12	N/A	-2.20% Jan 16, 2026 - Jan 21, 2026
#13	N/A	-2.01% Jul 9, 2025 - Jul 17, 2025
#14	N/A	-1.31% Oct 15, 2025 - Oct 17, 2025
#15	N/A	-1.00% Oct 2, 2025 - Oct 7, 2025