What are Natera, Inc.'s profit margins?

Natera, Inc. (NTRA) runs a 42.9% gross margin and a -13.0% operating margin, with a -14.6% net margin.

Where do Natera, Inc.'s ratios come from?

Every ratio is computed from Natera, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Natera, Inc. NTRA Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	-13%+0.5pp	-13.4%+3.2pp	-16.6%-1.7pp	-14.9%-2.5pp	-12.4%+0.7pp
EBITDA margin	-11.1%+0.5pp	-11.6%+3.2pp	-14.9%-1.7pp	-13.2%-2.6pp	-10.6%+0.7pp
Free cash flow margin	4.2%-0.6pp	4.7%-0.3pp	5%-0.3pp	5.3%+0.7pp	4.7%+0.6pp
Returns
Return on invested capital	-46.7%+1.4pp	-48.1%+32.7pp	-80.8%-16.9pp	-63.9%-12.3pp	-51.5%-7.2pp
Efficiency
Asset turnover	1.2×0.0×	1.1×-0.1×	1.2×0.0×	1.2×+0.1×	1.1×+0.1×
Liquidity
Current ratio	3×-0.4×	3.4×+0.1×	3.3×-0.4×	3.7×-0.2×	3.9×-0.1×
Quick ratio	2.8×-0.4×	3.2×+0.1×	3.1×-0.5×	3.6×-0.2×	3.7×-0.1×
Cash ratio	1.9×-0.5×	2.4×+0.1×	2.4×-0.2×	2.6×-0.1×	2.7×-0.1×
Leverage
Debt-to-equity	0.1×0.0×	0.1×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Interest coverage	-81.9×-5.8×	-76.1×+4.4×	-80.5×-35.1×	-45.4×-18.9×	-26.5×-5.7×
Per Share
Book value per share	$12.54+0.1%	$12.52+37.2%	$9.13-0.1%	$9.14-0.7%	$9.20-4.0%
Valuation
Market capitalization	$28.34B-11.3%	$31.95B+44.6%	$22.09B-5.9%	$23.47B+22.8%	$19.12B-8.5%
Enterprise value	$27.5B-11.5%	$31.08B+46.3%	$21.25B-6.2%	$22.66B+23.6%	$18.34B-8.9%
Price / sales	11.3×-2.5×	13.9×+3.4×	10.4×-1.5×	11.9×+1.5×	10.4×-1.9×
Price / book	16×-2.7×	18.7×+1.0×	17.6×-1.2×	18.8×+3.4×	15.4×-2.1×
EV / sales	11×-2.5×	13.5×+3.4×	10×-1.5×	11.5×+1.5×	10×-1.9×
Free cash flow yield	0.4%0.0pp	0.3%-0.1pp	0.5%0.0pp	0.4%0.0pp	0.4%+0.1pp

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Questions, answered.

What are Natera, Inc.'s profit margins?: Natera, Inc. (NTRA) runs a 42.9% gross margin and a -13.0% operating margin, with a -14.6% net margin.
Where do Natera, Inc.'s ratios come from?: Every ratio is computed from Natera, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.