Natera, Inc.

NTRA Healthcare Diagnostics & Research

Natera, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 35.9% from fiscal 2024.

Revenue
+34.1%
EPS
+34.4%
Free cash flow
−85.8%
Total debt
−0.06%

Quarter to September 2026, against a year earlier

309.96 53.80 −14.79%
Market cap
$52.4B
P/E
0.0×
Fwd P/E
−289×
Dividend yield
—
F-score
6/9
Altman Z
26.84
Beneish M
−2.17
Dividend safety
n/a

Natera, Inc. (NTRA) Free cash flow margin

Alert me on Free cash flow margin

Natera, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 1.80%, down 1.5 percentage points from fiscal 2025 (3.30%). Over the past ten years it has ranged from −60.2% (fiscal 2021) to 3.46% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Diagnostics & Research industry median of 0.00% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 3.30% (0.16)
FY2024 3.46% 29.89
FY2023 −26.4% 31.99
FY2022 −58.4% 1.74
FY2021 −60.2% (8.47)
FY2020 −51.7% (29.06)
FY2019 −22.6% 6.27
FY2018 −28.9% 22.47
FY2017 −51.4% (5.64)
FY2016 −45.7% (21.97)

Against its own ten years

Low −60.2% High 3.46%
Ten-year median −28.9%
Current reading's percentile 91

Free cash flow margin against peers

Company Free cash flow margin
IDXX IDEXX Laboratories, Inc. compare 27.9%
ILMN Illumina, Inc. compare 23.3%
MTD Mettler-Toledo International, Inc. compare 20.9%
A Agilent Technologies, Inc. compare 17.2%
IQV IQVIA Holdings Inc. compare 12.0%
DGX Quest Diagnostics Incorporated compare 11.6%
LH Labcorp Holdings Inc. compare 8.87%
WAT Waters Corporation compare 4.60%
NTRA Natera, Inc. 1.80%
Diagnostics & Research industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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