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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	-58%-0.6pp	-57.4%-0.3pp	-57.1%-0.8pp	-56.3%+8.1pp	-64.4%+19.2pp
EBITDA margin	-50.7%-0.5pp	-50.3%-0.4pp	-49.9%-1.0pp	-48.9%+7.8pp	-56.6%+18.9pp
Free cash flow margin	19.2%-0.5pp	19.7%+0.7pp	19.1%+7.2pp	11.9%+13.2pp	-1.3%+20.1pp
Returns
Return on invested capital	-239.5%+4.8pp	-244.3%-3.8pp	-240.6%-33.3pp	-207.2%-8.7pp	-198.6%+17.2pp
Efficiency
Asset turnover	4.7×0.0×	4.7×0.0×	4.7×+0.2×	4.4×+0.2×	4.2×+0.3×
Liquidity
Current ratio	13.3×-0.9×	14.3×-0.6×	14.9×-1.1×	16×-0.4×	16.4×-0.2×
Quick ratio	12.8×-0.9×	13.7×-0.6×	14.3×-1.1×	15.4×-0.4×	15.8×-0.2×
Cash ratio	9.3×-0.7×	10.1×-0.3×	10.4×-0.6×	11×+0.1×	10.9×0.0×
Leverage
Debt-to-equity	0.6×0.0×	0.6×0.0×	0.6×-0.4×	1×-0.4×	1.4×-0.4×
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×-0.2×	0.6×-0.2×	0.8×-0.2×
Interest coverage	-284×-55.4×	-228.6×-55.3×	-173.2×-61.2×	-112×-20.6×	-91.4×+3.6×
Per Share
Book value per share	$43.33+8.3%	$39.99+7.9%	$37.05+5.8%	$35.02+7.1%	$32.69+8.7%
Valuation
Market capitalization	$105.85B+9.6%	$96.62B+12.9%	$85.58B+8.2%	$79.08B+15.1%	$68.69B+13.6%
Enterprise value	$102.5B+9.8%	$93.34B+13.3%	$82.39B+8.0%	$76.32B+15.0%	$66.38B+13.3%
Price / sales	47.6×+0.9×	46.7×+1.5×	45.1×+0.3×	44.9×+2.3×	42.6×+1.4×
Price / book	71.1×+0.6×	70.6×+1.2×	69.4×-0.1×	69.5×+3.2×	66.3×+1.7×
EV / sales	46.1×+1.0×	45.1×+1.6×	43.5×+0.1×	43.3×+2.2×	41.1×+1.3×
Free cash flow yield	1.6%-0.1pp	1.7%0.0pp	1.7%+0.7pp	1%+1.3pp	-0.3%+2.2pp

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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.