Natera (NTRA) EBITDA Margin (2014 - 2026)
Natera (NTRA) reported EBITDA Margin of -7.25% for Q2 2026, up 11.13 percentage points from -18.39% a year earlier and up 3.07 percentage points from the prior quarter.
Powered by 
Analysis
Natera (NTRA) EBITDA Margin (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Natera's EBITDA Margin came in at -8.28%, up 4.86 percentage points year-over-year; for FY2025, it came in at -11.55%, down 0.28 percentage points from FY2024.
- EBITDA Margin has a five-year change of +41.56 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at -11.27% in FY2024 (+27.72 pp), -38.99% in FY2023 (+24.93 pp), -63.93% in FY2022 (+9.12 pp) and -73.05% in FY2021 (-19.94 pp).
- Five-year quarterly EBITDA Margin spans a low of -93.10% in Q3 2021 and a high of -1.56% in Q4 2025.
- Year over year, EBITDA Margin has now increased in each of the last three quarters, with an average year-over-year change of +7.10 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was Q3 2022 (a gain of 39.02 percentage points); the low point was Q3 2021 (a drop of 38.48 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -10.32% (Q1 2026), -1.56% (Q4 2025) and -14.74% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 98.64 Bn | 98.22 Bn | - | 19.86% |
| 2 | Natera | 54.42 Bn | 50.10 Bn | 485.19 Mn | -7.25% |
| 3 | Labcorp Holdings | 28.77 Bn | 26.87 Bn | 1.11 Bn | 15.36% |
| 4 | Quest Diagnostics | 27.60 Bn | 25.68 Bn | 1.04 Bn | 20.21% |
| 5 | Guardant Health | 22.81 Bn | 18.87 Bn | 219.03 Mn | -35.69% |
| 6 | Tenet Healthcare | 21.39 Bn | 12.88 Bn | - | 35.02% |
| 7 | Tempus AI | 13.75 Bn | 10.78 Bn | 246.50 Mn | - |
| 8 | Encompass Health | 13.53 Bn | 14.00 Bn | - | 24.09% |
| 9 | BrightSpring Health Services | 13.09 Bn | 11.43 Bn | 492.75 Mn | 4.51% |
| 10 | Fresenius Medical Care AG | 12.64 Bn | 5.70 Bn | 1.52 Bn | 16.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -7.25% |
| Mar 31, 2026 | -10.32% |
| Dec 31, 2025 | -1.56% |
| Sep 30, 2025 | -14.74% |
| Jun 30, 2025 | -18.39% |
| Mar 31, 2025 | -13.88% |
| Dec 31, 2024 | -11.96% |
| Sep 30, 2024 | -7.00% |
| Jun 30, 2024 | -8.63% |
| Mar 31, 2024 | -18.20% |
| Dec 31, 2023 | -24.85% |
| Sep 30, 2023 | -38.64% |
| Jun 30, 2023 | -40.93% |
| Mar 31, 2023 | -54.97% |
| Dec 31, 2022 | -63.30% |
| Sep 30, 2022 | -53.93% |
| Jun 30, 2022 | -69.70% |
| Mar 31, 2022 | -68.93% |
| Dec 31, 2021 | -78.81% |
| Sep 30, 2021 | -92.90% |
API Access
Natera EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NTRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NTRA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NTRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();