Natera (NTRA) Return on Invested Capital [ROIC] (2017 - 2026)
Natera (NTRA) posted Return on Invested Capital [ROIC] of -11.74% for Q2 2026, up 10.44 percentage points from -22.17% a year earlier and up 2.33 percentage points from the prior quarter.
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Analysis
Natera (NTRA) Return on Invested Capital [ROIC] (2017 - 2026) Analysis & Trends
For FY2025, Natera's Return on Invested Capital [ROIC] came in at -15.68%, up 2.81 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for four consecutive years, with a five-year change of +22.22 percentage points (FY2020 to FY2025).
- In prior years, Natera's Return on Invested Capital [ROIC] was -18.49% in FY2024 (+22.14 pp), -40.63% in FY2023 (+12.11 pp), -52.75% in FY2022 (+1.61 pp) and -54.36% in FY2021 (-16.46 pp).
- The Q2 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2017.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last three quarters, with an average year-over-year change of +9.93 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q3 2024, with a gain of 28.01 percentage points; the weakest was Q3 2022, with a drop of 26.53 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was -14.06% (Q1 2026), -15.40% (Q4 2025) and -26.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | 21.76% |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | -9.90% |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 8.45% |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 9.85% |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | 21.51% |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | - |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 10.04% |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | -57.17% |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | 15.62% |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn | 16.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -9.90% |
| Jun 30, 2026 | -11.74% |
| Mar 31, 2026 | -14.06% |
| Dec 31, 2025 | -15.40% |
| Sep 30, 2025 | -26.41% |
| Jun 30, 2025 | -22.17% |
| Mar 31, 2025 | -17.50% |
| Dec 31, 2024 | -17.63% |
| Sep 30, 2024 | -19.79% |
| Jun 30, 2024 | -26.61% |
| Mar 31, 2024 | -33.44% |
| Dec 31, 2023 | -39.21% |
| Sep 30, 2023 | -47.80% |
| Jun 30, 2023 | -51.89% |
| Mar 31, 2023 | -52.12% |
| Dec 31, 2022 | -61.45% |
| Sep 30, 2022 | -73.38% |
| Jun 30, 2022 | -69.15% |
| Mar 31, 2022 | -58.41% |
| Dec 31, 2021 | -45.17% |
API Access
Natera Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=NTRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=NTRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();