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

327.22 36.54 −10.05%
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) Return on invested capital

Alert me on Return on invested capital

Natera, Inc.'s return on invested capital over the twelve months to 30 September 2026 was −8.35%, up 18.7 percentage points from fiscal 2025 (−27.0%). Over the past ten years it has ranged from −10,224.9% (fiscal 2020) to 0.00% (fiscal 2019); the current reading is higher than 73% of that period. That is below the Diagnostics & Research industry median of 0.00% and below the Healthcare sector median of 0.00%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 −27.0% 18.15
FY2024 −45.2% 66.52
FY2023 −111.7% 87.97
FY2022 −199.7% 222.93
FY2021 −422.6% 9,802.30
FY2020 −10,224.9% (10,224.90)
FY2019 0.00% 0.00
FY2018 0.00% 285.12
FY2017 −285.1% 425.14
FY2016 −710.3% (710.26)

Against its own ten years

Low −10,224.9% High 0.00%
Ten-year median −111.7%
Current reading's percentile 73

Return on invested capital against peers

Company Return on invested capital
IDXX IDEXX Laboratories, Inc. compare 46.0%
MTD Mettler-Toledo International, Inc. compare 35.4%
ILMN Illumina, Inc. compare 16.7%
A Agilent Technologies, Inc. compare 11.1%
DGX Quest Diagnostics Incorporated compare 8.48%
IQV IQVIA Holdings Inc. compare 6.79%
LH Labcorp Holdings Inc. compare 6.76%
WAT Waters Corporation compare 1.13%
NTRA Natera, Inc. −8.35%
Diagnostics & Research industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on NTRA