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Natera, Inc. NTRA

Nasdaq · stock · Services-Medical Laboratories · website · IPO 2015-07-02 · LEI

Natera, Inc. statistics & valuation

Market cap$37.5B
P / S16.3×
P / B21.9×
P / FCF343.8×
Net margin-9.0%
Return on equity-12.2%
FCF margin4.7%
Return on capital-15.8%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-46.20% -65.20% -49.70% -41.30% -58.80% -75.40% -66.80% -40.20% -11.20% -9.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-46.60% -64.20% -44.50% -38.50% -55.30% -74.80% -66.00% -41.20% -13.10% -13.40% 2016201720182019202020212022202320242025
Return on equity (%)
-69.90% -541.50% -398.50% -44.80% -47.20% -72.20% -77.60% -56.80% -15.90% -12.20% 2016201720182019202020212022202320242025
Shares outstanding
52.7M 54.0M 62.1M 78.0M 86.2M 95.1M 111.3M 119.6M 132.6M 139.7M 2016201720182019202020212022202320242025
Net debt ($)
$196.0M -$184.4M $282.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-47.60% -64.10% -47.80% -21.40% -24.60% -38.10% -39.30% -30.20% -11.50% -8.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-44.80% -51.10% -28.90% -22.60% -51.70% -60.20% -58.40% -26.40% 4.10% 4.70% 2016201720182019202020212022202320242025
Debt / equity (×)
0.43× 0.40× 0.37× 2016201720182019202020212022202320242025
EPS ($)
-$1.95 -$2.59 -$2.22 -$1.79 -$2.84 -$5.21 -$5.57 -$3.78 -$1.53 -$1.52 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-13.4%-13.1%-41.2%-66.0%-74.8%-55.3%-38.5%-44.5%-64.2%-46.6%
Net margin-9.0%-11.2%-40.2%-66.8%-75.4%-58.8%-41.3%-49.7%-65.2%-46.2%
FCF margin4.7%4.1%-26.4%-58.4%-60.2%-51.7%-22.6%-28.9%-51.1%-44.8%
Return on assets-8.7%-11.5%-30.2%-39.3%-38.1%-24.6%-21.4%-47.8%-64.1%-47.6%
Return on equity-12.2%-15.9%-56.8%-77.6%-72.2%-47.2%-44.8%-398.5%-541.5%-69.9%
Debt / equity——0.37×0.40×0.43×—————
Current ratio3.394.004.103.904.994.332.912.111.711.81

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.