Natera (NTRA) EBT Margin (2014 - 2026)
Natera (NTRA) reported EBT Margin of -8.93% for Q2 2026, up 9.48 percentage points from -18.42% a year earlier and up 3.24 percentage points from the prior quarter.
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Analysis
Natera (NTRA) EBT Margin (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Natera's EBT Margin came in at -9.33%, up 3.57 percentage points year-over-year; for FY2025, it was -11.63%, down 0.44 percentage points from FY2024.
- EBT Margin has a five-year change of +47.11 percentage points (FY2020 to FY2025).
- By year, EBT Margin came in at -11.18% in FY2024 (+28.96 pp), -40.14% in FY2023 (+26.53 pp), -66.67% in FY2022 (+8.65 pp) and -75.32% in FY2021 (-16.59 pp).
- Five-year quarterly EBT Margin spans a low of -95.50% in Q3 2021 and a high of -2.00% in Q4 2025.
- Year over year, EBT Margin has now increased in each of the last three quarters, with an average year-over-year change of +6.85 percentage points over the last eight quarters.
- The high point for year-over-year EBT Margin in five years was Q4 2023 (a gain of 40.41 percentage points); the low point was Q3 2021 (a drop of 36.10 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -12.17% (Q1 2026), -2.00% (Q4 2025) and -14.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 104.12 Bn | 100.13 Bn | - | 12.33% |
| 2 | Natera | 56.67 Bn | 52.35 Bn | 485.19 Mn | -8.93% |
| 3 | Quest Diagnostics | 25.93 Bn | 24.06 Bn | 1.03 Bn | 13.54% |
| 4 | Labcorp Holdings | 25.91 Bn | 23.65 Bn | 1.11 Bn | 10.36% |
| 5 | Tenet Healthcare | 22.88 Bn | 11.89 Bn | - | 23.81% |
| 6 | Guardant Health | 21.61 Bn | 17.68 Bn | 219.03 Mn | -35.81% |
| 7 | BrightSpring Health Services | 13.04 Bn | 11.37 Bn | 492.75 Mn | 2.41% |
| 8 | Fresenius Medical Care AG | 12.53 Bn | 4.49 Bn | 1.52 Bn | 7.88% |
| 9 | Encompass Health | 12.51 Bn | 12.17 Bn | - | 16.38% |
| 10 | Tempus AI | 12.37 Bn | 9.40 Bn | 246.50 Mn | 2.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.93% |
| Mar 31, 2026 | -12.17% |
| Dec 31, 2025 | -2.00% |
| Sep 30, 2025 | -14.75% |
| Jun 30, 2025 | -18.42% |
| Mar 31, 2025 | -13.30% |
| Dec 31, 2024 | -11.58% |
| Sep 30, 2024 | -7.02% |
| Jun 30, 2024 | -8.85% |
| Mar 31, 2024 | -18.27% |
| Dec 31, 2023 | -25.02% |
| Sep 30, 2023 | -40.56% |
| Jun 30, 2023 | -42.50% |
| Mar 31, 2023 | -56.58% |
| Dec 31, 2022 | -65.43% |
| Sep 30, 2022 | -57.58% |
| Jun 30, 2022 | -73.14% |
| Mar 31, 2022 | -71.30% |
| Dec 31, 2021 | -81.26% |
| Sep 30, 2021 | -95.50% |
API Access
Natera EBT 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=ebt-margin&ticker=NTRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=NTRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();