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NTRA
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NTRANatera, Inc.
$310.67$44.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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NTRA logo

Natera, Inc.

NTRA
NASDAQ · Diagnostics & Lab Testing
$310.67
At close - Nov 6, 4:00 PM EST - USD
Market Cap$44.49B
P/E-271.7x
52W High$437.41
Volume5.74M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Oncology Growth Offsets Persistent Margin Pressure

Natera's revenue growth is accelerating, driven by oncology volumes exceeding one million tests for a second consecutive quarter in 2026Q2, with revenue up 37.7% YoY to $752.8M.

GrowthAccelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

NTRA price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-958% Peers

P/E is 958% below peer median

03

Market leadership

RS 88 · Leader

High momentum (Outperforming 88% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Feb 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 37.7% YoY in 2026Q2, reaching $752.8M, while gross margin improved to 64.5% from 56.7% in 2024Q1, but operating margin remained negative at -10.1% due to rising R&D and SG&A costs.

Analyst Consensus+26.6% target
Buy(28 analysts)
25 Buy3 Hold0 Sell

The Bull Case

Upside Catalysts

Strong revenue guidance

Natera issued 2026 revenue guidance of US$2.62 billion to US$2.70 billion, indicating strong growth expectations.

Signatera clinical data

New clinical data on Signatera test presented at ASCO Genitourinary Cancers Symposium highlights its potential in muscle-invasive bladder cancer.

Oncology franchise growth

NTRA's oncology franchise, particularly Signatera MRD testing, is a key growth driver supported by increasing testing volumes.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NTRA+35.76%
S&P 500 (^GSPC)+7.63%
1-Year Return
NTRA+56.52%
S&P 500 (^GSPC)+9.69%
3-Year Return
NTRA+620.81%
S&P 500 (^GSPC)+28.18%
5-Year Return
NTRA+166.03%
S&P 500 (^GSPC)+30.79%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-271.7x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
0.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-271.7x
N/A
N/A
EV/EBITDA
N/A
N/A
N/A
Price/FCF
848.0x
287.1x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$7.80-97.5%
Base (Fair)$287.93-7.3%
Bull$8.80-97.2%
$7.80 Bear$287.93 Base$8.80 Bull
Current Market Price: $310.67
Trades at a 7.9% premium to Base DCF ($287.93)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$2.31B+35.9% YoY
Net income FY25
-$208M-9.3% YoY
Free cash flow FY25
$109M+57.6% YoY
Operating margin FY25
-13.4%-0.3 pts YoY
ROIC (FY25)-36.1%
Avg ROIC 5Y-42.7%
ROE (TTM)-9.2%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate12/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
-$0.42-49.3%
vs -$0.28
$794M+12.2%
vs $708M
Q3 2026
Aug 6, 2026
-$0.47+4.8%
vs -$0.49
$753M+13.8%
vs $661M
Q2 2026
May 7, 2026
-$0.56-3.3%
vs -$0.54
$697M+12.9%
vs $617M
Q1 2026
Feb 26, 2026
$0.35+168.3%
vs -$0.51
$666M+10.2%
vs $604M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Defense World·19h ago
Natera (NASDAQ:NTRA) Insider Sells $1,401,003.63 in Stock

Natera, Inc. (NASDAQ: NTRA - Get Free Report) insider Solomon Moshkevich sold 3,419 shares of the firm's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $409.77, for a total transaction of $1,401,003.63. Following the transaction, the insider directly owned 101,323 shares in the company, valued at approximately

Defense World·19h ago
Natera (NASDAQ:NTRA) CEO Sells $1,565,251.80 in Stock

Natera, Inc. (NASDAQ: NTRA - Get Free Report) CEO Steven Chapman sold 3,801 shares of Natera stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $411.80, for a total transaction of $1,565,251.80. Following the completion of the transaction, the chief executive officer directly owned 87,431 shares of the

Seeking Alpha·19h ago
Natera, Inc. (NTRA) Q3 2026 Earnings Call Transcript

Natera, Inc. ( NTRA ) Q3 2026 Earnings Call November 5, 2026 4:30 PM EST Company Participants Mike Brophy - Chief Financial Officer Steve Chapman - CEO & Director Solomon Moshkevich - President of Clinical Diagnostics Alexey Aleshin - GM of Oncology and Early Cancer Detection & Chief Medical Officer Conference Call Participants Daniel Brennan - TD Cowen, Research Division Puneet Souda - Leerink Partners LLC, Research Division Daniel Markowitz - Evercore ISI Institutional Equities, Research Division Casey Woodring - JPMorgan Chase & Co, Research Division Subhalaxmi Nambi - Guggenheim Securities, LLC, Research Division Tycho Peterson - Jefferies LLC, Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to Natera's Second (sic) [ Third ] Quarter 2026 Earnings Conference Call.

Benzinga·1d ago
Natera Stock Plummets After Mixed Q3 Financials

Natera Inc. (NASDAQ:NTRA) shares are plunging Friday after reporting mixed third-quarter results, with revenue and guidance beating estimates while the loss per share came in wider than analysts expected. Here's what you should know.

Filtered for Natera, Inc.More Headlines
04

Compare before deciding

Benchmark NTRA against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Natera, Inc. (NTRA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NTRA logoNTRANatera, Inc.Current
$310.67$44.49B-271.7335.9%-5.66%-9.18%—
ILMN logoILMNIllumina, Inc.
$213.13$32.25B36.67-0.78%19.72%31.45%—
CGEN logoCGENCompugen Ltd.
$1.96$185.32M5.27161.14%47.55%42.57%—
MYRG logoMYRGMYR Group Inc.
$262.91$4.09B21.398.79%4.48%26.32%—
PACB logoPACBPacific Biosciences of California, Inc.
$2.26$701.96M-5.363.89%-81.31%-2618.51%—
PRME logoPRMEPrime Medicine, Inc.
$4.65$839.87M-4.3955.28%-4613.11%-188.27%—

Compare NTRA vs Peers

Natera, Inc. (NTRA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ILMN

Most directly comparable listed peer for NTRA.

Scale Benchmark

vs TMO

Larger-name benchmark to compare NTRA against a more recognizable public peer.

Peer Set

Compare Top 5

vs ILMN, CGEN, MYRG, PACB

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NTRA SEC Filings & Documents

Natera, Inc. (NTRA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jul 6, 2026·SEC

Material company update

Jun 16, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 27, 2026·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 7, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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NTRA Frequently Asked Questions

Natera, Inc. (NTRA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Natera, Inc.'s revenue?

Natera, Inc. (NTRA) reported $2.91B in revenue over the trailing twelve months. Revenue was $2.31B in fiscal year 2025. That is 16083% more than the $14.3M of fiscal year 2012.

How fast is Natera, Inc. growing?

Natera, Inc. (NTRA) grew revenue by 37.4% over the trailing twelve months, compared with the twelve months before.

Is NTRA profitable?

No. Natera, Inc. (NTRA) reported a net loss of $164.7M over the trailing twelve months.

Dividend & Returns
What is NTRA's return on equity?

Natera, Inc. (NTRA) had a return on equity (ROE) of -9.2% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Natera, Inc.'s free cash flow?

Natera, Inc. (NTRA) generated $52.5M in free cash flow over the trailing twelve months.

What if you invested $1,000 in NTRA back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →