Natera, Inc. (NTRA) vs Waters Corporation (WAT)
Natera, Inc. and Waters Corporation are both Diagnostics & Research companies. Natera, Inc. is the larger, with a market value of $59.2B against $42.3B — 1.4× the size. Natera, Inc. has negative trailing earnings, so its P/E is not meaningful; Waters Corporation trades at 108×. Waters Corporation grew revenue faster over the last twelve months: 52.5% against 37.8%. Waters Corporation has the higher net margin (3.59% vs −7.11%) and the higher return on invested capital (1.05% vs −22.3%). Across the 20 metrics below, Waters Corporation leads on 15 and Natera, Inc. on 5.
Valuation
Profitability
| Metric | NTRA | WAT | Diagnostics & Research median |
|---|---|---|---|
| Gross margin | 65.23% | 50.89% | 50.89% |
| Operating margin | (10.70%) | 7.10% | (8.57%) |
| Net margin | (7.11%) | 3.59% | (6.37%) |
| Free cash flow margin | 3.11% | 7.89% | 0.00% |
| Return on equity | (12.54%) | 1.92% | (2.92%) |
| Return on assets | (8.71%) | 1.13% | (6.71%) |
| Return on invested capital | (22.34%) | 1.05% | 0.00% |
Growth
Health
Dividend
Size
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