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Natera, Inc. NTRA Operating margin

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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$38.35B+106%
Enterprise value$37.5B+110%
P/S15.3×+5.8×

Profitability

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Gross margin42.9%
Net margin-14.6%+0.6pp
FCF margin4.2%-0.5pp

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 source filing: Natera, Inc.’s 10-Q, filed May 8, 2026. Open the filing →

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032478

FAQ

What is Natera, Inc.'s operating margin?
Natera, Inc. (NTRA) reported operating margin of -13% in Q1 2026.
How has Natera, Inc.'s operating margin changed year-over-year?
Natera, Inc.'s operating margin decreased by 4.5% year-over-year, from -12.4% to -13%.
What is the long-term trend for Natera, Inc.'s operating margin?
Over 5 years (2020 to 2025), Natera, Inc.'s operating margin has grown at a -24.6% compound annual growth rate (CAGR), from -55.3% to -13.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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