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Natera, Inc. NTRA EBITDA margin

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25.5%
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Other financials

Income statement

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Revenue$696.6M+38.8%
Operating income-$93.5M-18.1%
Net income-$85.1M-27.1%
EPS (diluted)-$0.60-20.0%

Balance sheet

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Cash & equivalents$1.1B+11.7%
Total debt$240.1M+22.7%
Total equity$1.8B+43.1%
Total assets$2.6B+50.9%

Cash flow

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Operating cash flow$40.2M-9.6%
CapEx$22.1M+1.5%
Free cash flow$18.0M-20.3%

Valuation

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Market cap$32.43B+48.3%
Enterprise value$31.58B+49.9%
P/S13×+1.0×

Profitability

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Gross margin42.9%
Operating margin-13%+0.6pp
Net margin-14.6%+0.6pp

Returns & leverage

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Return on equity-29%+4.1pp
Debt / equity0.1×0.0×
Current ratio-0.9×

Where this comes from

Calculated from Natera, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Natera, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Natera, Inc.'s EBITDA margin?
Natera, Inc. (NTRA) reported EBITDA margin of -11.1% in Q1 2026.
How has Natera, Inc.'s EBITDA margin changed year-over-year?
Natera, Inc.'s EBITDA margin decreased by 4.6% year-over-year, from -10.6% to -11.1%.
What is the long-term trend for Natera, Inc.'s EBITDA margin?
Over 4 years (2021 to 2025), Natera, Inc.'s EBITDA margin has grown at a -33.3% compound annual growth rate (CAGR), from -253.8% to -50.3%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.