Natera reported a gross margin of 64.58% and a net margin of -8.89% for the quarter ended Jun 2026. These financial ratios cover 49 quarters of results from Jun 2014 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Jun2014 | Sep2014 | Dec2014 | Mar2015 | Jun2015 | Sep2015 | Dec2015 | Mar2016 | Jun2016 | Sep2016 | Dec2016 | Mar2017 | Jun2017 | Sep2017 | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Margin | 49.08% | 46.06% | 47.11% | 45.13% | 45.20% | 41.65% | 38.88% | 45.37% | 45.23% | 51.45% | 56.81% | 58.91% | 61.88% | 63.04% | 63.21% | 63.50% | 65.00% | 67.06% | 64.80% | 64.58% | |||||||||||||||||||||||||||||
| EBT Margin | -95.50% | -81.26% | -71.30% | -73.14% | -57.58% | -65.43% | -56.58% | -42.50% | -40.56% | -25.02% | -18.27% | -8.85% | -7.02% | -11.58% | -13.30% | -18.42% | -14.75% | -2.00% | -12.17% | -8.93% | |||||||||||||||||||||||||||||
| EBIT Margin | -94.99% | -80.72% | -70.64% | -72.19% | -56.52% | -65.26% | -57.21% | -43.01% | -41.36% | -27.17% | -20.21% | -10.62% | -8.95% | -13.60% | -15.78% | -20.19% | -16.48% | -3.42% | -13.42% | -10.07% | |||||||||||||||||||||||||||||
| EBITDA Margin | -94.99% | -80.72% | -70.64% | -72.19% | -56.52% | -65.26% | -57.21% | -43.01% | -41.36% | -27.17% | -20.21% | -10.62% | -8.95% | -13.60% | -15.78% | -20.19% | -16.48% | -3.42% | -13.42% | -10.07% | |||||||||||||||||||||||||||||
| Operating Margin | -94.99% | -80.72% | -70.64% | -72.19% | -56.52% | -65.26% | -57.21% | -43.01% | -41.36% | -27.17% | -20.21% | -10.62% | -8.95% | -13.60% | -15.78% | -20.19% | -16.48% | -3.42% | -13.42% | -10.07% | |||||||||||||||||||||||||||||
| Net Margin | -95.67% | -81.24% | -71.39% | -73.23% | -57.67% | -65.63% | -56.64% | -42.39% | -40.64% | 4.34% | -18.38% | -9.07% | -7.18% | -2.77% | -13.34% | -18.47% | -14.78% | 7.11% | -12.22% | -8.89% | |||||||||||||||||||||||||||||
| FCF Margin | -65.90% | -62.27% | -78.90% | -59.85% | -54.34% | -42.79% | -38.26% | -33.42% | -14.41% | -21.75% | 1.82% | -1.86% | 8.07% | 7.30% | 4.51% | 2.14% | 6.25% | 5.68% | 2.59% | -1.15% | |||||||||||||||||||||||||||||
| Efficiency | |||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 0.03B | 0.03B | 0.03B | 0.03B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.05B | 0.05B | 0.05B | 0.06B | 0.07B | 0.07B | 0.08B | |||||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 1.08B | 1.27B | 1.19B | 1.11B | 1.04B | 1.20B | 1.36B | 1.28B | 1.35B | 1.44B | 1.45B | 1.49B | 1.55B | 1.63B | 1.70B | 1.74B | 1.79B | 2.11B | 2.51B | 2.64B | |||||||||||||||||||||||||||||
| Invested CapitalInvested Cap. | 1.14B | 1.03B | 0.92B | 0.83B | 0.74B | 1.15B | 1.09B | 1.04B | 1.23B | 1.21B | 1.24B | 1.28B | 1.33B | 1.36B | 1.40B | 1.41B | 1.41B | 1.87B | 1.93B | 1.98B | |||||||||||||||||||||||||||||
| Asset Utilization RatioAsset Util. | 0.52 | 0.49 | 0.56 | 0.65 | 0.75 | 0.68 | 0.64 | 0.73 | 0.73 | 0.75 | 0.83 | 0.91 | 0.99 | 1.04 | 1.08 | 1.13 | 1.18 | 1.09 | 1.00 | 1.03 | |||||||||||||||||||||||||||||
| Leverage & Solvency | |||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -72.28 | -67.18 | -65.71 | -66.55 | -51.10 | -51.52 | -45.18 | -35.39 | -34.13 | -26.85 | -23.79 | -14.04 | -12.52 | -50.11 | -78.78 | -107.26 | -93.37 | -22.99 | -104.84 | -85.16 | |||||||||||||||||||||||||||||
| Debt Ratio | 0.29 | 0.31 | 0.33 | 0.36 | 0.38 | 0.32 | 0.34 | 0.36 | 0.31 | 0.31 | 0.30 | 0.29 | 0.28 | 0.10 | 0.09 | 0.09 | 0.09 | 0.07 | 0.06 | 0.06 | |||||||||||||||||||||||||||||
| Times Interest Earned | -72.28 | -67.18 | -65.71 | -66.55 | -51.10 | -51.52 | -45.18 | -35.39 | -34.13 | -26.85 | -23.79 | -14.04 | -12.52 | -50.11 | -78.78 | -107.26 | -93.37 | -22.99 | -104.84 | -85.16 | |||||||||||||||||||||||||||||
| Valuation | |||||||||||||||||||||||||||||||||||||||||||||||||
| Price to EarningsP/E | -69.64 | -63.21 | -28.25 | -23.66 | -35.10 | -31.35 | -45.96 | -50.09 | -48.29 | 555.23 | -165.38 | -356.51 | -498.83 | -0.00B | -287.06 | -228.83 | -252.89 | 676.54 | -335.40 | -582.45 | |||||||||||||||||||||||||||||
| Price to SalesP/S | 66.63 | 51.35 | 20.17 | 17.33 | 20.24 | 20.57 | 26.03 | 21.23 | 19.62 | 24.08 | 30.40 | 32.32 | 35.84 | 44.11 | 38.30 | 42.27 | 37.38 | 48.09 | 40.98 | 51.79 | |||||||||||||||||||||||||||||
| Price to BookP/B | 13.88 | 13.60 | 7.22 | 7.72 | 11.79 | 6.33 | 9.67 | 9.31 | 6.71 | 9.79 | 14.08 | 15.97 | 17.94 | 17.57 | 15.51 | 18.54 | 17.68 | 18.69 | 16.09 | 21.40 | |||||||||||||||||||||||||||||
| Enterprise Value | 9.51B | 7.97B | 3.16B | 2.80B | 3.74B | 3.57B | 5.48B | 4.81B | 4.33B | 6.61B | 10.30B | 12.47B | 14.84B | 20.03B | 18.23B | 22.09B | 21.10B | 30.93B | 27.45B | 37.88B | |||||||||||||||||||||||||||||
| EV to EBIT | -63.33 | -57.07 | -23.07 | -19.54 | -31.44 | -25.19 | -39.64 | -42.82 | -39.00 | -78.21 | -138.56 | -284.09 | -377.16 | -309.39 | -230.25 | -200.12 | -216.20 | -0.00B | -293.48 | -499.83 | |||||||||||||||||||||||||||||
| EV to EBITDA | -63.33 | -57.07 | -23.07 | -19.54 | -31.44 | -25.19 | -39.64 | -42.82 | -39.00 | -78.21 | -138.56 | -284.09 | -377.16 | -309.39 | -230.25 | -200.12 | -216.20 | -0.00B | -293.48 | -499.83 | |||||||||||||||||||||||||||||
| Market Capitalization | 10.54B | 8.89B | 3.92B | 3.43B | 4.26B | 4.47B | 6.29B | 5.55B | 5.27B | 7.49B | 11.18B | 13.36B | 15.76B | 21.00B | 19.22B | 23.10B | 22.14B | 32.00B | 28.55B | 38.98B | |||||||||||||||||||||||||||||
| Price to FCFP/FCF | -101.11 | -82.47 | -25.57 | -28.95 | -37.25 | -48.08 | -68.05 | -63.53 | -136.21 | -110.71 | 0.00B | -0.00B | 444.25 | 603.92 | 849.15 | 0.00B | 598.63 | 846.24 | 0.00B | -0.00B | |||||||||||||||||||||||||||||
| EV to FCF | -91.28 | -73.98 | -20.66 | -23.57 | -32.70 | -38.41 | -59.27 | -55.11 | -111.98 | -97.72 | 0.00B | -0.00B | 418.25 | 576.08 | 805.34 | 0.00B | 570.45 | 817.78 | 0.00B | -0.00B | |||||||||||||||||||||||||||||
| EV to CFO | -104.45 | -80.73 | -23.05 | -25.22 | -36.60 | -44.01 | -67.58 | -61.29 | -145.75 | -114.77 | 381.34 | 0.00B | 286.50 | 378.72 | 410.12 | 587.85 | 355.23 | 418.55 | 683.21 | 691.39 | |||||||||||||||||||||||||||||
| Return Ratios | |||||||||||||||||||||||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -94.99% | -80.72% | -70.64% | -72.19% | -56.52% | -65.26% | -57.21% | -43.01% | -41.36% | -27.17% | -20.21% | -10.62% | -8.95% | -13.60% | -15.78% | -20.19% | -16.48% | -3.42% | -13.42% | -10.07% | |||||||||||||||||||||||||||||
| Return on Capital Employed [ROCE]ROCE | -45.69% | -44.38% | -56.52% | -66.74% | -69.92% | -60.70% | -50.88% | -50.82% | -47.62% | -39.25% | -33.27% | -26.63% | -19.33% | -17.34% | -17.07% | -21.59% | -26.12% | -18.57% | -16.64% | -13.91% | |||||||||||||||||||||||||||||
| Return on Invested Capital [ROIC]ROIC | -39.09% | -34.04% | -45.38% | -53.97% | -56.22% | -45.20% | -38.19% | -37.15% | -34.14% | -28.93% | -23.45% | -17.21% | -10.77% | -13.09% | -12.99% | -17.56% | -21.64% | -14.65% | -13.47% | -11.25% | |||||||||||||||||||||||||||||
| Return on Assets [ROA]ROA | -33.24% | -29.21% | -37.54% | -43.05% | -42.99% | -35.95% | -31.72% | -30.85% | -28.47% | -23.77% | -18.83% | -13.44% | -7.93% | -9.22% | -8.79% | -12.19% | -15.01% | -9.87% | -9.03% | -7.29% |