Natera (NTRA) Net Margin (2014 - 2026)
Natera's Net Margin was -8.90% in Q2 2026, up 9.57 percentage points from -18.47% a year earlier and up 3.32 percentage points from the prior quarter.
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Analysis
Natera (NTRA) Net Margin (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Natera's Net Margin was -7.11% through Jun 30, 2026, up 5.79 percentage points year-over-year; for FY2025, it was -9.03%, up 2.19 percentage points from FY2024.
- Net Margin has now increased for four consecutive years, with a five-year change of +49.73 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was -11.22% in FY2024 (+28.94 pp), -40.16% in FY2023 (+26.62 pp), -66.79% in FY2022 (+8.63 pp) and -75.42% in FY2021 (-16.66 pp).
- Quarterly Net Margin has moved between -95.67% (Q3 2021) and 7.10% (Q4 2025) over five years.
- Compared with a year earlier, Net Margin has increased for three straight quarters, with an average year-over-year change of +8.05 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2023 (a gain of 40.54 percentage points); the worst was Q3 2021 (a drop of 36.25 percentage points).
- Per Business Quant data, NTRA's Net Margin in the three quarters before Q2 2026 was -12.22% (Q1 2026), 7.10% (Q4 2025) and -14.78% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 98.64 Bn | 98.22 Bn | - | 7.96% |
| 2 | Natera | 54.42 Bn | 50.10 Bn | 485.19 Mn | -8.90% |
| 3 | Labcorp Holdings | 28.77 Bn | 26.87 Bn | 1.11 Bn | 6.90% |
| 4 | Quest Diagnostics | 27.60 Bn | 25.68 Bn | 1.04 Bn | 10.07% |
| 5 | Guardant Health | 22.81 Bn | 18.87 Bn | 219.03 Mn | -35.87% |
| 6 | Tenet Healthcare | 21.39 Bn | 12.88 Bn | - | 17.76% |
| 7 | Tempus AI | 13.75 Bn | 10.78 Bn | 246.50 Mn | 1.48% |
| 8 | Encompass Health | 13.53 Bn | 14.00 Bn | - | 9.63% |
| 9 | BrightSpring Health Services | 13.09 Bn | 11.43 Bn | 492.75 Mn | 2.18% |
| 10 | Fresenius Medical Care AG | 12.64 Bn | 5.70 Bn | 1.52 Bn | 4.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.90% |
| Mar 31, 2026 | -12.22% |
| Dec 31, 2025 | 7.10% |
| Sep 30, 2025 | -14.78% |
| Jun 30, 2025 | -18.47% |
| Mar 31, 2025 | -13.34% |
| Dec 31, 2024 | -11.29% |
| Sep 30, 2024 | -7.18% |
| Jun 30, 2024 | -9.06% |
| Mar 31, 2024 | -18.38% |
| Dec 31, 2023 | -25.08% |
| Sep 30, 2023 | -40.64% |
| Jun 30, 2023 | -42.39% |
| Mar 31, 2023 | -56.64% |
| Dec 31, 2022 | -65.63% |
| Sep 30, 2022 | -57.67% |
| Jun 30, 2022 | -73.23% |
| Mar 31, 2022 | -71.39% |
| Dec 31, 2021 | -81.24% |
| Sep 30, 2021 | -95.67% |
API Access
Natera Net 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=net-margin&ticker=NTRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NTRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();