Natera (NTRA) Operating Margin (2014 - 2026)
Natera (NTRA) posted Operating Margin of 13.42% for Q1 2026, down 138.7% quarter-over-quarter from 34.68% in Q4 2025, and up 235.0% year-on-year from 4.01% in Q1 2025.
Natera (NTRA) Operating Margin (2014 - 2026) Analysis & Trends
Natera (NTRA) has reported Operating Margin for 13 consecutive years, with 13.42% the latest figure, recorded in Q1 2026.
- Operating Margin for Q1 2026 came in at 13.42%, up 235.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.82% (up 958.0% YoY), and the FY2025 annual result was 2.44%, up 1066.0% from the prior year.
- Operating Margin was 13.42% for Q1 2026 at Natera, down from 34.68% in the prior quarter.
- Over five years, Operating Margin peaked at 34.68% in Q4 2025 and troughed at 72.19% in Q2 2022.
- Average Operating Margin over 5 years is 30.47%, with a median of 20.21% recorded in 2024.
- Year-over-year, Operating Margin slumped 19794 bps in 2022 and jumped 4828 bps in 2025.
- Over 5 years, Operating Margin stood at 65.26% in 2022, then soared by 58 bps to 27.17% in 2023, then jumped by 50 bps to 13.6% in 2024, then surged by 355 bps to 34.68% in 2025, then slumped by 139 bps to 13.42% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 13.42% in Q1 2026, 34.68% in Q4 2025, and 16.48% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | -3.71% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 16.93% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 22.58% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 31.78% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | -13.42% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 21.74% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 12.38% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 19.16% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 25.23% |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 Bn | 942.00 Mn | 13.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.42% |
| Dec 31, 2025 | 34.68% |
| Sep 30, 2025 | -16.48% |
| Jun 30, 2025 | -20.19% |
| Mar 31, 2025 | -15.78% |
| Dec 31, 2024 | -13.60% |
| Sep 30, 2024 | -8.95% |
| Jun 30, 2024 | -10.62% |
| Mar 31, 2024 | -20.21% |
| Dec 31, 2023 | -27.17% |
| Sep 30, 2023 | -41.36% |
| Jun 30, 2023 | -43.01% |
| Mar 31, 2023 | -57.21% |
| Dec 31, 2022 | -65.26% |
| Sep 30, 2022 | -56.52% |
| Jun 30, 2022 | -72.19% |
| Mar 31, 2022 | -70.64% |
| Dec 31, 2021 | 132.68% |
| Sep 30, 2021 | -94.99% |
| Jun 30, 2021 | -81.18% |