Natera (NTRA) Gross Margin (2014 - 2026)
Natera's (NTRA) quarterly Gross Margin came in at 99.91% in Q1 2026, up 3670.0% YoY from 2.65% in Q1 2025, and up 562.83% on a QoQ basis from 21.59% in Q4 2025.
Natera (NTRA) Gross Margin (2014 - 2026) Analysis & Trends
Natera (NTRA) has 13 years of Gross Margin data on file, last reported at 99.91% in Q1 2026.
- Quarterly Gross Margin rose 3670.0% year-over-year to 99.91% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 51.36% (down 4486.0% YoY) and the FY2025 annual result came in at 64.85%, down 3259.0% from the prior year.
- Gross Margin grew to 99.91% in Q1 2026, from 21.59% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 195.12% in Q4 2024 to a low of 88.84% in Q4 2023.
- A 5-year average of 70.07% and a median of 65.0% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 28397 bps — and 2025, when it slumped 21671 bps.
- Tracing NTRA's Gross Margin over 5 years: stood at 99.76% in 2022, then plunged by 189 bps to 88.84% in 2023, then jumped by 320 bps to 195.12% in 2024, then tumbled by 111 bps to 21.59% in 2025, then soared by 563 bps to 99.91% in 2026.
- The last three Gross Margin figures came in at 99.91% (Q1 2026), 21.59% (Q4 2025), and 65.0% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 57.64% |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | 64.58% |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 53.95% |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | 32.85% |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 64.04% |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 66.44% |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 63.29% |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | 29.80% |
| 10 | Quest Diagnostics | 27.10 Bn | 26.47 Bn | 1.03 Bn | 33.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 64.58% |
| Mar 31, 2026 | 64.80% |
| Dec 31, 2025 | 67.06% |
| Sep 30, 2025 | 65.00% |
| Jun 30, 2025 | 63.50% |
| Mar 31, 2025 | 63.21% |
| Dec 31, 2024 | 63.04% |
| Sep 30, 2024 | 61.88% |
| Jun 30, 2024 | 58.91% |
| Mar 31, 2024 | 56.81% |
| Dec 31, 2023 | 51.45% |
| Sep 30, 2023 | 45.23% |
| Jun 30, 2023 | 45.37% |
| Mar 31, 2023 | 38.88% |
| Dec 31, 2022 | 41.65% |
| Sep 30, 2022 | 45.20% |
| Jun 30, 2022 | 45.13% |
| Mar 31, 2022 | 47.11% |
| Dec 31, 2021 | 46.06% |
| Sep 30, 2021 | 49.08% |