Natera (NTRA) FCF Margin (2014 - 2026)
Natera's (NTRA) quarterly FCF Margin came in at 2.59% in Q1 2026, down 192.0% YoY from 2.81% in Q1 2025, and down 54.44% on a QoQ basis from 5.68% in Q4 2025.
Natera (NTRA) FCF Margin (2014 - 2026) Analysis & Trends
Natera (NTRA) has 13 years of FCF Margin data on file, last reported at 2.59% in Q1 2026.
- Quarterly FCF Margin fell 192.0% year-over-year to 2.59% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.18% (up 63.0% YoY) and the FY2025 annual result came in at 4.73%, up 65.0% from the prior year.
- FCF Margin slipped to 2.59% in Q1 2026, from 5.68% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 8.07% in Q3 2024 to a low of 71.79% in Q1 2022.
- A 5-year average of 17.97% and a median of 6.75% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin sank 1590 bps — and 2023, when it jumped 5020 bps.
- Tracing NTRA's FCF Margin over 5 years: stood at 42.79% in 2022, then jumped by 49 bps to 21.75% in 2023, then jumped by 134 bps to 7.3% in 2024, then dropped by 22 bps to 5.68% in 2025, then sank by 54 bps to 2.59% in 2026.
- The last three FCF Margin figures came in at 2.59% (Q1 2026), 5.68% (Q4 2025), and 6.25% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 13.97% |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 20.19% |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | -1.15% |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 10.95% |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | 8.24% |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 26.51% |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 13.89% |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 27.51% |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | 8.41% |
| 10 | Quest Diagnostics | 27.10 Bn | 26.47 Bn | 1.03 Bn | 15.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.15% |
| Mar 31, 2026 | 2.59% |
| Dec 31, 2025 | 5.68% |
| Sep 30, 2025 | 6.25% |
| Jun 30, 2025 | 2.14% |
| Mar 31, 2025 | 4.51% |
| Dec 31, 2024 | 7.30% |
| Sep 30, 2024 | 8.07% |
| Jun 30, 2024 | -1.86% |
| Mar 31, 2024 | 1.82% |
| Dec 31, 2023 | -21.75% |
| Sep 30, 2023 | -14.41% |
| Jun 30, 2023 | -33.42% |
| Mar 31, 2023 | -38.26% |
| Dec 31, 2022 | -42.79% |
| Sep 30, 2022 | -54.34% |
| Jun 30, 2022 | -59.85% |
| Mar 31, 2022 | -78.90% |
| Dec 31, 2021 | -62.27% |
| Sep 30, 2021 | -65.90% |