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

319.16 44.60 −12.26%
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) Net margin

Alert me on Net margin

Natera, Inc.'s net margin over the twelve months to 30 September 2026 was −5.66%, up 3.4 percentage points from fiscal 2025 (−9.03%). Over the past ten years it has ranged from −75.4% (fiscal 2021) to −9.03% (fiscal 2025) — the current reading is the highest in ten years. That is below the Diagnostics & Research industry median of −4.10% and below the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −9.03% 2.19
FY2024 −11.2% 28.94
FY2023 −40.2% 26.63
FY2022 −66.8% 8.63
FY2021 −75.4% (16.66)
FY2020 −58.8% (17.47)
FY2019 −41.3% 8.45
FY2018 −49.7% 15.91
FY2017 −65.7% (18.44)
FY2016 −47.2% (10.29)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 −7.55% 1.35
Jun 2026 −8.90% 3.31
Mar 2026 −12.2% (19.31)
Dec 2025 7.10% 21.88
43 more quarters

Against its own ten years

Low −75.4% High −9.03%
Ten-year median −47.2%
Current reading's percentile 100

Net margin against peers

Company Net margin
IDXX IDEXX Laboratories, Inc. compare 25.4%
MTD Mettler-Toledo International, Inc. compare 21.9%
ILMN Illumina, Inc. compare 19.7%
A Agilent Technologies, Inc. compare 19.5%
DGX Quest Diagnostics Incorporated compare 9.50%
IQV IQVIA Holdings Inc. compare 8.05%
LH Labcorp Holdings Inc. compare 6.88%
WAT Waters Corporation compare 1.76%
NTRA Natera, Inc. −5.66%
Diagnostics & Research industry median −4.10%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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