Natera (NTRA) FCF Margin (2014 - 2026)
Natera (NTRA) reported FCF Margin of 2.59% for Q1 2026, down 192.0% on a YoY basis from 2.81% in Q1 2025, and down 54.44% quarter-over-quarter from 5.68% in Q4 2025.
Natera (NTRA) FCF Margin (2014 - 2026) Analysis & Trends
Natera has reported FCF Margin for 13 years, with the latest figure at 2.59% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 192.0% year-over-year to 2.59%; the trailing twelve-month figure through Mar 2026 stood at 4.18% (down 47.0% YoY), and the FY2025 full-year result was 4.73%, up 65.0% from the prior year.
- FCF Margin for Q1 2026 stood at 2.59%, down from 5.68% in the prior quarter.
- The five-year high for FCF Margin was 8.07% in Q3 2024, with the low at 78.9% in Q1 2022.
- Historically, FCF Margin has averaged 18.07% across 5 years, with a median of 1.86% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 2849 bps — and 2023, when it soared 4064 bps.
- Natera's FCF Margin 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 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | -3.31% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 7.41% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 18.23% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 22.61% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 10.95% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 11.83% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 2.59% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 23.01% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 12.92% |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 5.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -77.91% |
| Sep 30, 2021 | -57.76% |
| Jun 30, 2021 | -51.65% |