Natera (NTRA) Return on Capital Employed [ROCE] (2015 - 2026)
Natera (NTRA) reported Return on Capital Employed [ROCE] of -13.91% for Q2 2026, up 7.68 percentage points from -21.59% a year earlier and up 2.74 percentage points from the prior quarter.
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Analysis
Natera (NTRA) Return on Capital Employed [ROCE] (2015 - 2026) Analysis & Trends
For FY2025, Natera posted Return on Capital Employed [ROCE] of -19.51%, down 1.10 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of +19.22 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at -18.41% in FY2024 (+21.76 pp), -40.17% in FY2023 (+13.66 pp), -53.84% in FY2022 (+0.27 pp) and -54.10% in FY2021 (-15.37 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Capital Employed [ROCE] in data going back to Q3 2015.
- Year over year, Return on Capital Employed [ROCE] gained in six of the last eight quarters, with an average year-over-year change of +8.94 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q3 2024 (a gain of 28.29 percentage points); the low point was Q3 2022 (a drop of 24.24 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -16.64% (Q1 2026), -18.57% (Q4 2025) and -26.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 103.46 Bn | 99.47 Bn | - | 27.06% |
| 2 | Natera | 57.12 Bn | 52.81 Bn | 485.19 Mn | -13.91% |
| 3 | Labcorp Holdings | 25.99 Bn | 23.74 Bn | 1.11 Bn | 8.97% |
| 4 | Quest Diagnostics | 25.96 Bn | 24.09 Bn | 1.03 Bn | 10.85% |
| 5 | Tenet Healthcare | 22.80 Bn | 11.80 Bn | - | 17.89% |
| 6 | Guardant Health | 21.63 Bn | 17.69 Bn | 219.03 Mn | -29.86% |
| 7 | BrightSpring Health Services | 13.01 Bn | 11.34 Bn | 492.75 Mn | 9.85% |
| 8 | Encompass Health | 12.46 Bn | 12.13 Bn | - | 17.71% |
| 9 | Tempus AI | 12.46 Bn | 9.49 Bn | 246.50 Mn | -15.22% |
| 10 | Fresenius Medical Care AG | 12.45 Bn | 4.41 Bn | 1.52 Bn | 3.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.91% |
| Mar 31, 2026 | -16.64% |
| Dec 31, 2025 | -18.57% |
| Sep 30, 2025 | -26.12% |
| Jun 30, 2025 | -21.59% |
| Mar 31, 2025 | -17.07% |
| Dec 31, 2024 | -17.34% |
| Sep 30, 2024 | -19.33% |
| Jun 30, 2024 | -26.63% |
| Mar 31, 2024 | -33.27% |
| Dec 31, 2023 | -39.25% |
| Sep 30, 2023 | -47.62% |
| Jun 30, 2023 | -50.82% |
| Mar 31, 2023 | -50.88% |
| Dec 31, 2022 | -60.70% |
| Sep 30, 2022 | -69.92% |
| Jun 30, 2022 | -66.74% |
| Mar 31, 2022 | -56.52% |
| Dec 31, 2021 | -44.38% |
| Sep 30, 2021 | -45.69% |
API Access
Natera Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=NTRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=NTRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();