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Natera (NTRA) Financials

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$157.38 +0.72 (+0.46%)
Closing price 05/5/2025 04:00 PM Eastern
Extended Trading
$156.19 -1.19 (-0.76%)
As of 05:31 AM Eastern
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Annual Income Statements for Natera

Annual Income Statements for Natera

This table shows Natera's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -70 -100 -138 -128 -125 -230 -472 -548 -435 -190
Consolidated Net Income / (Loss)		 -70 -100 -138 -128 -125 -230 -472 -548 -435 -190
Net Income / (Loss) Continuing Operations		 -70 -100 -138 -128 -125 -230 -472 -548 -435 -190
Total Pre-Tax Income 		-70 -100 -137 -128 -123 -230 -471 -547 -435 -190
Total Operating Income		 -60 -101 -135 -115 -116 -216 -468 -541 -446 -222
Total Gross Profit		 78 78 74 92 127 391 625 820 1,083 1,697
Total Revenue		 190 213 210 258 302 391 625 820 1,083 1,697
Operating Revenue		 190 213 210 258 302 391 625 820 1,083 1,697
Total Cost of Revenue		 113 134 136 166 175 0.00 0.00 0.00 0.00 0.00
Operating Cost of Revenue		 113 134 136 166 175 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 137 179 209 206 243 607 1,094 1,361 1,529 1,919
Selling, General & Admin Expense		 110 136 155 155 206 304 511 589 618 841
Research & Development Expense		 28 42 50 51 51 100 264 316 321 404
Other Operating Expenses / (Income)		 - 1.08 4.09 0.00 -14 204 318 456 590 674
Total Other Income / (Expense), net		 -10 0.87 -1.83 -13 -6.54 -13 -2.92 -5.78 12 33
Interest Expense		 2.54 0.53 4.21 10 11 21 8.31 9.32 13 11
Interest & Investment Income		 -7.90 1.40 2.38 -2.73 4.15 7.56 5.38 3.54 24 43
Income Tax Expense		 - 0.14 0.45 0.32 2.00 0.10 0.62 0.98 0.27 0.70
Basic Earnings per Share		 ($2.68) ($1.95) ($2.58) ($2.22) ($1.79) ($2.84) ($5.21) ($5.57) ($3.78) ($1.53)
Weighted Average Basic Shares Outstanding		 26.20M 51.58M 53.31M 57.85M 69.56M 81.01M 90.56M 98.41M 115.00M 124.72M
Diluted Earnings per Share		 ($2.68) ($1.95) ($2.59) ($2.22) ($1.79) ($2.84) ($5.21) ($5.57) ($3.78) ($1.53)
Weighted Average Diluted Shares Outstanding		 26.20M 51.58M 53.60M 57.85M 69.56M 81.01M 90.56M 98.41M 115.00M 124.72M
Weighted Average Basic & Diluted Shares Outstanding		 26.20M 51.50M 6.88B 57.85M 69.56M 81.01M 95.47M 113.29M 120.76M 135.19M

Quarterly Income Statements for Natera

This table shows Natera's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -121 -143 -137 -111 -109 -78 -68 -37 -32 -54
Consolidated Net Income / (Loss)		 -121 -143 -137 -111 -109 -78 -68 -37 -32 -54
Net Income / (Loss) Continuing Operations		 -121 -143 -137 -111 -109 -78 -68 -37 -32 -54
Total Pre-Tax Income 		-121 -142 -137 -111 -109 -78 -67 -37 -31 -55
Total Operating Income		 -119 -142 -138 -112 -111 -85 -74 -44 -39 -65
Total Gross Profit		 211 217 242 261 268 311 368 413 440 476
Total Revenue		 211 217 242 261 268 311 368 413 440 476
Operating Revenue		 211 217 242 261 268 311 368 413 440 476
Total Operating Expenses		 330 359 380 374 379 396 442 457 479 541
Selling, General & Admin Expense		 148 144 150 153 155 161 194 198 214 235
Research & Development Expense		 66 88 82 78 77 83 89 89 97 129
Other Operating Expenses / (Income)		 117 127 148 143 147 151 159 170 168 176
Total Other Income / (Expense), net		 -2.24 -0.38 1.52 1.34 2.15 6.70 7.14 7.33 8.48 9.61
Interest Expense		 2.33 2.75 3.06 3.18 3.25 3.15 3.12 3.13 3.14 1.29
Interest & Investment Income		 0.09 2.37 4.59 4.52 5.41 9.84 10 10 12 11
Income Tax Expense		 0.19 0.42 0.16 -0.28 0.20 0.19 0.43 0.89 0.73 -1.36
Basic Earnings per Share		 ($1.25) ($1.37) ($1.23) ($0.97) ($0.95) ($0.63) ($0.56) ($0.30) ($0.26) ($0.41)
Weighted Average Basic Shares Outstanding		 97.05M 98.41M 111.77M 113.69M 115.17M 115.00M 120.81M 122.85M 123.78M 124.72M
Diluted Earnings per Share		 ($1.25) ($1.37) ($1.23) ($0.97) ($0.95) ($0.63) ($0.56) ($0.30) ($0.26) ($0.41)
Weighted Average Diluted Shares Outstanding		 97.05M 98.41M 111.77M 113.69M 115.17M 115.00M 120.81M 122.85M 123.78M 124.72M
Weighted Average Basic & Diluted Shares Outstanding		 97.60M 113.29M 114.30M 114.60M 120.15M 120.76M 122.80M 123.68M 132.02M 135.19M

Annual Cash Flow Statements for Natera

This table details how cash moves in and out of Natera's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -58 -14 -3.67 38 11 -13 36 381 176 303
Net Cash From Operating Activities		 -38 -74 -98 -71 -63 -183 -335 -432 -247 136
Net Cash From Continuing Operating Activities		 -38 -74 -98 -71 -63 -183 -335 -432 -247 136
Net Income / (Loss) Continuing Operations		 -70 -100 -138 -128 -125 -230 -472 -548 -435 -190
Consolidated Net Income / (Loss)		 -70 -100 -138 -128 -125 -230 -472 -548 -435 -190
Depreciation Expense		 5.54 6.18 7.14 7.50 7.73 8.61 11 17 24 31
Amortization Expense		 0.32 1.45 1.01 0.63 1.40 5.91 9.04 6.10 2.38 0.37
Non-Cash Adjustments To Reconcile Net Income		 17 16 12 22 25 72 162 167 205 276
Changes in Operating Assets and Liabilities, net		 9.35 2.34 20 27 27 -39 -46 -74 -44 19
Net Cash From Investing Activities		 -211 47 14 -5.16 -266 -331 -205 330 168 138
Net Cash From Continuing Investing Activities		 -211 47 14 -5.16 -266 -331 -205 330 168 138
Purchase of Property, Plant & Equipment		 -7.85 -23 -9.87 -3.88 -4.97 -20 -41 -48 -39 -66
Acquisitions		 - - - - 0.00 0.00 -8.56 0.00 0.00 -10
Purchase of Investments		 -203 -54 -273 -170 -447 -685 -876 -87 -98 -122
Sale and/or Maturity of Investments		 - 124 296 169 176 373 720 465 306 339
Other Investing Activities, net		 - - - - - - - 0.00 0.00 -2.67
Net Cash From Financing Activities		 190 13 80 114 341 501 576 483 254 30
Net Cash From Continuing Financing Activities		 190 13 80 114 341 501 576 483 254 30
Repayment of Debt		 -33 -1.00 -0.29 0.00 0.00 -79 - 0.00 0.00 -0.08
Issuance of Debt		 42 8.00 75 0.00 0.00 278 0.00 30 0.00 0.00
Issuance of Common Equity		 180 2.59 3.34 100 328 278 564 446 251 17
Other Financing Activities, net		 1.45 3.60 2.32 13 13 24 12 6.41 3.89 13
Cash Interest Paid		 2.06 - 3.57 7.91 12 3.30 7.08 8.06 11 7.90
Cash Income Taxes Paid		 - - 0.18 0.33 2.15 0.07 0.28 0.55 0.30 1.31

Quarterly Cash Flow Statements for Natera

This table details how cash moves in and out of Natera's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -34 409 -63 -22 288 -27 172 -17 96 53
Net Cash From Operating Activities		 -102 -81 -81 -79 -30 -58 27 3.99 52 53
Net Cash From Continuing Operating Activities		 -102 -81 -81 -79 -30 -58 27 3.99 52 53
Net Income / (Loss) Continuing Operations		 -121 -143 -137 -111 -109 -78 -68 -37 -32 -54
Consolidated Net Income / (Loss)		 -121 -143 -137 -111 -109 -78 -68 -37 -32 -54
Depreciation Expense		 5.14 3.93 5.08 5.12 6.99 6.91 7.06 7.92 8.20 7.79
Amortization Expense		 1.33 1.18 1.11 0.99 0.80 -0.52 -0.13 0.23 0.26 0.02
Non-Cash Adjustments To Reconcile Net Income		 50 40 45 45 58 57 64 67 73 72
Changes in Operating Assets and Liabilities, net		 -37 16 4.55 -19 14 -43 23 -34 1.94 27
Net Cash From Investing Activities		 67 22 16 47 81 24 138 -32 43 -11
Net Cash From Continuing Investing Activities		 67 22 16 47 81 24 138 -32 43 -11
Purchase of Property, Plant & Equipment		 -12 -12 -11 -8.81 -8.96 -10 -20 -12 -16 -18
Sale and/or Maturity of Investments		 86 34 27 56 90 133 169 52 111 7.00
Net Cash From Financing Activities		 1.39 468 2.30 9.31 236 6.85 6.47 11 1.72 11
Net Cash From Continuing Financing Activities		 1.39 468 2.30 9.31 236 6.85 6.47 11 1.72 11
Issuance of Common Equity		 - 438 - - 235 6.45 - - - 8.44
Other Financing Activities, net		 1.39 0.44 2.30 0.64 0.56 0.39 6.47 2.18 1.72 2.62
Cash Interest Paid		 0.40 4.05 1.12 4.47 1.31 4.44 1.18 4.41 1.19 1.11

Annual Balance Sheets for Natera

This table presents Natera's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 265 211 215 268 583 932 1,236 1,394 1,442 1,661
Total Current Assets		 251 174 181 241 523 863 1,093 1,212 1,259 1,376
Cash & Equivalents		 29 15 13 46 62 49 84 466 642 946
Short-Term Investments		 202 131 106 107 379 689 830 432 237 23
Accounts Receivable		 5.86 13 44 62 53 79 122 244 278 314
Inventories, net		 8.09 6.41 9.00 14 12 20 27 35 41 45
Prepaid Expenses		 5.34 7.10 8.61 6.20 16 27 30 34 61 49
Plant, Property, & Equipment, net		 13 32 30 24 23 33 66 92 111 162
Total Noncurrent Assets		 1.80 4.28 4.32 3.32 36 36 78 90 72 123
Other Noncurrent Operating Assets		 1.12 3.93 3.98 3.32 36 36 78 90 72 123
Total Liabilities & Shareholders' Equity		 265 211 215 268 583 932 1,236 1,394 1,442 1,661
Total Liabilities		 80 104 189 236 304 446 583 689 676 465
Total Current Liabilities		 80 96 106 114 180 199 219 310 307 344
Short-Term Debt		 42 50 50 50 50 50 50 80 80 80
Accounts Payable		 7.33 11 8.53 15 8.60 8.10 27 31 15 35
Current Deferred Revenue		 0.14 0.57 1.42 4.13 56 50 7.40 11 17 20
Current Employee Benefit Liabilities		 8.55 11 9.60 13 16 30 41 44 46 62
Other Current Liabilities		 3.65 3.79 2.64 - - 60 93 144 149 147
Total Noncurrent Liabilities		 0.00 7.79 84 122 124 247 364 378 369 121
Long-Term Debt		 - - 73 73 74 202 280 282 283 0.00
Noncurrent Deferred Revenue		 - 7.79 9.24 49 24 23 21 20 19 25
Other Noncurrent Operating Liabilities		 - - 1.33 - 27 22 63 77 67 97
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 185 106 25 32 279 486 653 706 765 1,195
Total Preferred & Common Equity		 185 106 25 32 279 486 653 706 765 1,195
Total Common Equity		 185 106 25 32 279 486 653 706 765 1,195
Common Stock		 436 453 473 607 977 1,411 2,050 2,665 3,146 3,764
Retained Earnings		 -250 -346 -446 -575 -699 -929 -1,395 -1,943 -2,377 -2,568
Accumulated Other Comprehensive Income / (Loss)		 -1.42 -0.73 -0.77 -0.55 0.92 4.26 -2.29 -16 -3.09 -0.34

Quarterly Balance Sheets for Natera

This table presents Natera's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 1,009 1,319 1,248 1,447 1,468 1,517 1,591
Total Current Assets		 830 1,129 1,066 1,267 1,261 1,302 1,323
Cash & Equivalents		 57 403 381 669 814 797 893
Short-Term Investments		 464 409 355 268 69 90 29
Accounts Receivable		 236 247 260 255 289 336 307
Inventories, net		 40 41 43 42 43 41 49
Prepaid Expenses		 32 30 27 33 47 38 45
Plant, Property, & Equipment, net		 87 101 103 105 126 133 142
Total Noncurrent Assets		 92 89 79 74 81 82 126
Other Noncurrent Operating Assets		 92 89 79 74 81 82 126
Total Liabilities & Shareholders' Equity		 1,009 1,319 1,248 1,447 1,468 1,517 1,591
Total Liabilities		 647 668 652 662 674 680 712
Total Current Liabilities		 267 291 277 290 306 315 301
Short-Term Debt		 50 80 80 80 80 80 80
Accounts Payable		 34 36 21 21 26 33 28
Current Deferred Revenue		 7.93 17 16 15 18 18 18
Current Employee Benefit Liabilities		 42 39 34 39 40 41 49
Other Current Liabilities		 133 119 126 134 142 141 126
Total Noncurrent Liabilities		 380 377 375 372 368 366 411
Long-Term Debt		 281 282 282 283 283 284 287
Noncurrent Deferred Revenue		 20 22 22 21 21 21 26
Other Noncurrent Operating Liabilities		 78 74 71 68 64 61 99
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 362 651 596 785 794 837 879
Total Preferred & Common Equity		 362 651 596 785 794 837 879
Total Common Equity		 362 651 596 785 794 837 879
Common Stock		 2,181 2,742 2,796 3,089 3,241 3,320 3,393
Retained Earnings		 -1,800 -2,080 -2,190 -2,299 -2,445 -2,482 -2,514
Accumulated Other Comprehensive Income / (Loss)		 -20 -12 -9.20 -5.40 -2.19 -1.36 -0.77

Annual Metrics and Ratios for Natera

This table displays calculated financial ratios and metrics derived from Natera's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 19.50% 11.64% -1.36% 22.91% 17.34% 29.33% 59.97% 31.13% 31.99% 56.75%
EBITDA Growth		 -1,028.73% -73.06% -36.13% 16.27% -0.62% -88.28% -121.99% -15.71% 19.00% 54.51%
EBIT Growth		 -9,098.20% -68.87% -33.93% 15.30% -1.45% -85.99% -116.47% -15.56% 17.52% 50.19%
NOPAT Growth		 -9,098.20% -68.87% -33.93% 15.30% -1.45% -85.99% -116.47% -15.56% 17.52% 50.19%
Net Income Growth		 -1,264.03% -42.76% -37.18% 6.88% 2.60% -84.05% -105.32% -16.13% 20.63% 56.20%
EPS Growth		 -150.47% 27.24% -32.82% 14.29% 19.37% -58.66% -83.45% -6.91% 32.14% 59.52%
Operating Cash Flow Growth		 -460.65% -95.74% -32.10% 27.85% 10.11% -187.67% -83.68% -28.72% 42.77% 154.93%
Free Cash Flow Firm Growth		 -461.54% -69.15% -36.63% 58.34% 5.16% -319.11% -106.85% -21.03% 17.99% 45.66%
Invested Capital Growth		 60.61% 262.49% 242.99% -109.52% -1,280.45% 103.43% 5,137.52% 144.59% 47.44% 23.15%
Revenue Q/Q Growth		 0.00% -3.70% 3.61% 6.14% 5.69% 8.05% 10.74% 5.70% 9.49% 10.77%
EBITDA Q/Q Growth		 0.00% -34.74% -3.73% 13.64% -4.49% -22.31% -17.01% -0.47% 12.23% 10.00%
EBIT Q/Q Growth		 0.00% -32.75% -3.33% 12.85% -4.57% -22.11% -16.32% -0.39% 11.37% 8.18%
NOPAT Q/Q Growth		 0.00% -32.75% -3.33% 12.85% -4.57% -22.11% -16.32% -0.39% 11.37% 8.18%
Net Income Q/Q Growth		 0.00% -24.14% -3.57% 10.71% -2.75% -21.87% -15.74% -0.37% 12.93% 11.30%
EPS Q/Q Growth		 0.00% -195.12% -1.97% 14.29% 3.24% -20.34% -13.02% 2.62% 16.37% 12.57%
Operating Cash Flow Q/Q Growth		 -64.38% -50.83% 1.53% 17.83% -3.66% -46.87% -8.21% 3.92% 8.70% 438.95%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -23.76% 49.46% -20.46% -46.89% -6.73% 1.04% -0.25% 24.19%
Invested Capital Q/Q Growth		 0.00% 63.86% 326.99% -127.93% -28.71% 105.57% 6.16% -1.46% 18.25% -4.86%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 40.72% 36.71% 35.36% 35.55% 41.96% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 -28.36% -43.96% -60.67% -41.33% -35.44% -51.60% -71.61% -63.18% -38.78% -11.25%
Operating Margin		 -31.44% -47.55% -64.56% -44.49% -38.46% -55.31% -74.85% -65.96% -41.22% -13.10%
EBIT Margin		 -31.44% -47.55% -64.56% -44.49% -38.46% -55.31% -74.85% -65.96% -41.22% -13.10%
Profit (Net Income) Margin		 -36.92% -47.21% -65.65% -49.74% -41.29% -58.76% -75.42% -66.79% -40.16% -11.22%
Tax Burden Percent		 100.00% 100.14% 100.33% 100.25% 101.63% 100.04% 100.13% 100.18% 100.06% 100.37%
Interest Burden Percent		 117.44% 99.14% 101.35% 111.52% 105.62% 106.18% 100.62% 101.07% 97.37% 85.35%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -4,302.62% -500.26% -604.83% 0.00% 0.00% -928.89% -317.47% -149.08% -55.85%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -4,282.06% -409.02% -296.16% 0.00% 0.00% -901.95% -287.29% -125.81% -50.89%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 4,233.72% 291.56% 159.69% 0.00% 0.00% 846.10% 236.85% 89.97% 36.43%
Return on Equity (ROE)		 -55.33% -68.90% -208.70% -445.14% -80.31% -60.07% -82.79% -80.62% -59.11% -19.42%
Cash Return on Invested Capital (CROIC)		 0.00% -988.85% -609.96% 0.00% 0.00% -14,468.37% -1,121.40% -401.39% -187.43% -76.60%
Operating Return on Assets (OROA)		 -30.78% -42.47% -63.65% -47.49% -27.34% -28.56% -43.18% -41.13% -31.47% -14.33%
Return on Assets (ROA)		 -36.14% -42.16% -64.72% -53.09% -29.34% -30.33% -43.50% -41.64% -30.66% -12.28%
Return on Common Equity (ROCE)		 -2.92% -68.90% -208.70% -445.14% -80.31% -60.07% -82.79% -80.62% -59.11% -19.42%
Return on Equity Simple (ROE_SIMPLE)		 -38.03% -94.23% -541.48% -398.46% -44.79% -47.25% -72.20% -77.62% -56.81% -15.93%
Net Operating Profit after Tax (NOPAT)		 -42 -71 -95 -80 -81 -151 -328 -379 -312 -156
NOPAT Margin		 -22.00% -33.29% -45.19% -31.14% -26.92% -38.72% -52.39% -46.17% -28.85% -9.17%
Net Nonoperating Expense Percent (NNEP)		 -20.82% -20.55% -91.24% -308.67% -24.66% -19.53% -26.94% -30.18% -23.28% -4.96%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -35.47% -27.68% -12.20%
Cost of Revenue to Revenue		 59.28% 63.29% 64.64% 64.45% 58.04% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 57.60% 64.06% 74.09% 60.11% 68.20% 77.65% 81.70% 71.76% 57.11% 49.58%
R&D to Revenue		 14.56% 19.70% 23.88% 19.93% 16.99% 25.58% 42.24% 38.58% 29.62% 23.82%
Operating Expenses to Revenue		 72.15% 84.26% 99.92% 80.04% 80.42% 155.31% 174.85% 165.96% 141.22% 113.10%
Earnings before Interest and Taxes (EBIT)		 -60 -101 -135 -115 -116 -216 -468 -541 -446 -222
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -54 -93 -127 -106 -107 -202 -448 -518 -420 -191
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.92 5.76 19.02 26.83 9.37 17.47 13.52 5.56 9.83 17.48
Price to Tangible Book Value (P/TBV)		 2.92 5.76 19.02 26.83 9.37 17.47 13.52 5.56 9.83 17.48
Price to Revenue (P/Rev)		 2.84 2.89 2.31 3.35 8.64 21.73 14.12 4.78 6.95 12.32
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 60.33 16.63 0.00 0.00 6,059.83 119.15 19.98 28.08 65.08
Enterprise Value to Revenue (EV/Rev)		 1.84 2.43 2.33 3.21 7.59 20.49 13.19 4.13 6.48 11.79
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 147.50
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.23 0.47 4.85 3.84 0.44 0.52 0.51 0.51 0.47 0.07
Long-Term Debt to Equity		 0.00 0.00 2.87 2.28 0.26 0.42 0.43 0.40 0.37 0.00
Financial Leverage		 -1.07 -0.99 -0.71 -0.54 -1.13 -1.05 -0.94 -0.82 -0.72 -0.72
Leverage Ratio		 1.53 1.63 3.22 8.38 2.74 1.98 1.90 1.94 1.93 1.58
Compound Leverage Factor		 1.80 1.62 3.27 9.35 2.89 2.10 1.92 1.96 1.88 1.35
Debt to Total Capital		 18.55% 31.79% 82.90% 79.34% 30.75% 34.18% 33.59% 33.90% 32.19% 6.30%
Short-Term Debt to Total Capital		 18.55% 31.79% 33.72% 32.22% 12.45% 6.78% 5.09% 7.53% 7.12% 6.30%
Long-Term Debt to Total Capital		 0.00% 0.00% 49.17% 47.12% 18.30% 27.41% 28.50% 26.38% 25.07% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 81.45% 68.21% 17.11% 20.66% 69.25% 65.82% 66.41% 66.10% 67.81% 93.70%
Debt to EBITDA		 -0.78 -0.53 -0.97 -1.16 -1.16 -1.25 -0.74 -0.70 -0.87 -0.42
Net Debt to EBITDA		 3.51 1.04 -0.03 0.33 2.96 2.40 1.30 1.04 1.23 4.65
Long-Term Debt to EBITDA		 0.00 0.00 -0.57 -0.69 -0.69 -1.00 -0.63 -0.54 -0.67 0.00
Debt to NOPAT		 -1.00 -0.70 -1.30 -1.54 -1.52 -1.67 -1.01 -0.96 -1.16 -0.52
Net Debt to NOPAT		 4.52 1.38 -0.04 0.44 3.90 3.20 1.78 1.42 1.65 5.71
Long-Term Debt to NOPAT		 0.00 0.00 -0.77 -0.91 -0.90 -1.34 -0.86 -0.74 -0.91 0.00
Altman Z-Score		 3.45 1.10 -2.06 -0.69 4.04 10.54 7.61 1.55 4.89 26.11
Noncontrolling Interest Sharing Ratio		 94.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 3.12 1.81 1.71 2.11 2.91 4.33 4.99 3.90 4.10 4.00
Quick Ratio		 2.94 1.65 1.54 1.90 2.75 4.10 4.73 3.68 3.77 3.73
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -50 -85 -116 -48 -46 -191 -396 -479 -393 -213
Operating Cash Flow to CapEx		 -512.00% -320.07% -991.44% -1,819.10% -1,277.05% -930.99% -817.05% -904.67% -630.00% 204.24%
Free Cash Flow to Firm to Interest Expense		 -19.67 -158.62 -27.42 -4.59 -4.27 -9.14 -47.64 -51.38 -31.07 -19.97
Operating Cash Flow to Interest Expense		 -14.89 -138.93 -23.22 -6.74 -5.93 -8.72 -40.37 -46.30 -19.54 12.70
Operating Cash Flow Less CapEx to Interest Expense		 -17.80 -182.34 -25.56 -7.11 -6.40 -9.66 -45.31 -51.42 -22.64 6.48
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.98 0.89 0.99 1.07 0.71 0.52 0.58 0.62 0.76 1.09
Accounts Receivable Turnover		 32.25 22.07 7.29 4.85 5.23 5.93 6.23 4.48 4.14 5.73
Inventory Turnover		 11.49 18.54 17.58 14.68 13.48 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 13.95 9.45 6.77 9.54 12.70 13.81 12.65 10.38 10.63 12.42
Accounts Payable Turnover		 13.93 14.30 13.55 14.37 15.13 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 11.32 16.54 50.05 75.30 69.77 61.57 58.54 81.54 88.11 63.72
Days Inventory Outstanding (DIO)		 31.76 19.69 20.76 24.87 27.07 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 26.20 25.53 26.95 25.41 24.12 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 16.87 10.70 43.86 74.77 72.72 61.57 58.54 81.54 88.11 63.72
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 -5.26 8.55 29 -2.79 -39 1.32 69 169 250 308
Invested Capital Turnover		 -20.44 129.27 11.07 19.42 -14.62 -21.00 17.73 6.88 5.17 6.09
Increase / (Decrease) in Invested Capital		 8.10 14 21 -32 -36 40 68 100 80 58
Enterprise Value (EV)		 351 516 488 828 2,295 8,011 8,250 3,384 7,011 20,011
Market Capitalization		 540 613 483 863 2,612 8,496 8,834 3,921 7,526 20,899
Book Value per Share		 $3.70 $2.03 $0.47 $0.52 $3.59 $5.70 $6.91 $7.23 $6.37 $9.05
Tangible Book Value per Share		 $3.70 $2.03 $0.47 $0.52 $3.59 $5.70 $6.91 $7.23 $6.37 $9.05
Total Capital		 227 156 149 156 402 739 984 1,068 1,129 1,276
Total Debt		 42 50 123 124 124 253 330 362 363 80
Total Long-Term Debt		 0.00 0.00 73 73 74 202 280 282 283 0.00
Net Debt		 -189 -98 4.25 -35 -317 -485 -584 -536 -516 -888
Capital Expenditures (CapEx)		 7.39 23 9.87 3.88 4.97 20 41 48 39 66
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -19 -20 6.25 18 -48 -24 9.72 83 153 144
Debt-free Net Working Capital (DFNWC)		 212 127 125 177 393 714 924 982 1,032 1,112
Net Working Capital (NWC)		 170 78 75 127 343 664 874 901 951 1,032
Net Nonoperating Expense (NNE)		 28 30 43 48 43 78 144 169 122 35
Net Nonoperating Obligations (NNO)		 -190 -98 3.91 -35 -317 -485 -584 -536 -516 -888
Total Depreciation and Amortization (D&A)		 5.85 7.62 8.15 8.13 9.13 15 20 23 26 31
Debt-free, Cash-free Net Working Capital to Revenue		 -10.03% -9.36% 2.98% 7.07% -15.75% -6.09% 1.55% 10.15% 14.11% 8.48%
Debt-free Net Working Capital to Revenue		 111.55% 59.91% 59.71% 68.58% 130.13% 182.52% 147.76% 119.68% 95.30% 65.54%
Net Working Capital to Revenue		 89.44% 36.56% 35.81% 49.11% 113.55% 169.72% 139.76% 109.89% 87.87% 60.80%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.68) ($1.86) ($2.56) ($2.22) ($1.79) ($2.84) ($5.21) ($5.57) ($3.78) ($1.53)
Adjusted Weighted Average Basic Shares Outstanding		 50.85M 52.77M 53.31M 57.85M 69.56M 86.57M 90.56M 98.41M 115.00M 124.72M
Adjusted Diluted Earnings per Share		 ($2.68) ($1.86) ($2.56) ($2.22) ($1.79) ($2.84) ($5.21) ($5.57) ($3.78) ($1.53)
Adjusted Weighted Average Diluted Shares Outstanding		 50.85M 52.77M 53.60M 57.85M 69.56M 86.57M 90.56M 98.41M 115.00M 124.72M
Adjusted Basic & Diluted Earnings per Share		 ($2.68) ($1.86) $0.00 $0.00 $0.00 ($2.84) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.20M 51.58M 54.13M 62.79M 78.25M 81.01M 95.47M 113.29M 120.76M 135.19M
Normalized Net Operating Profit after Tax (NOPAT)		 -42 -71 -95 -80 -81 -151 -328 -379 -312 -156
Normalized NOPAT Margin		 -22.00% -33.29% -45.19% -31.14% -26.92% -38.72% -52.39% -46.17% -28.85% -9.17%
Pre Tax Income Margin		 -36.92% -47.14% -65.44% -49.61% -40.63% -58.73% -75.32% -66.67% -40.14% -11.18%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -23.55 -189.59 -32.12 -10.94 -10.88 -10.33 -56.37 -58.06 -35.31 -20.80
NOPAT to Interest Expense		 -16.48 -132.71 -22.49 -7.66 -7.61 -7.23 -39.46 -40.64 -24.72 -14.56
EBIT Less CapEx to Interest Expense		 -26.46 -232.99 -34.47 -11.31 -11.34 -11.27 -61.31 -63.18 -38.41 -27.02
NOPAT Less CapEx to Interest Expense		 -19.39 -176.12 -24.83 -8.03 -8.08 -8.17 -44.40 -45.76 -27.82 -20.78
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for Natera

This table displays calculated financial ratios and metrics derived from Natera's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 33.22% 25.56% 24.53% 31.89% 27.38% 43.20% 52.11% 58.13% 63.90% 53.02%
EBITDA Growth		 22.34% -1.79% -0.18% 22.46% 8.34% 42.82% 49.00% 66.37% 70.07% 27.14%
EBIT Growth		 20.74% -1.51% -0.85% 21.43% 6.78% 40.37% 46.27% 60.95% 64.55% 23.42%
NOPAT Growth		 20.74% -1.51% -0.85% 21.43% 6.78% 40.37% 46.27% 60.95% 64.55% 23.42%
Net Income Growth		 19.69% -1.43% 1.20% 23.66% 10.25% 45.27% 50.64% 66.19% 71.02% 31.09%
EPS Growth		 23.31% 9.87% 15.17% 35.33% 24.00% 54.01% 54.47% 69.07% 72.63% 34.92%
Operating Cash Flow Growth		 -12.29% 17.83% 40.92% 29.14% 70.95% 28.99% 133.29% 105.08% 274.37% 191.81%
Free Cash Flow Firm Growth		 2.12% -20.32% -4.84% 12.71% 38.42% 30.02% 28.78% 26.38% -19.33% 26.08%
Invested Capital Growth		 163.50% 144.59% 66.18% 62.77% 22.86% 47.44% 36.79% 40.60% 53.07% 23.15%
Revenue Q/Q Growth		 6.28% 3.14% 11.28% 8.13% 2.64% 15.95% 18.20% 12.40% 6.39% 8.26%
EBITDA Q/Q Growth		 17.89% -21.38% 3.32% 19.53% 2.94% 24.28% 13.77% 46.94% 13.62% -84.36%
EBIT Q/Q Growth		 16.80% -19.08% 2.45% 18.71% 1.28% 23.83% 12.09% 40.92% 10.40% -64.57%
NOPAT Q/Q Growth		 16.80% -19.08% 2.45% 18.71% 1.28% 23.83% 12.09% 40.92% 10.40% -64.57%
Net Income Q/Q Growth		 16.31% -17.36% 3.95% 19.08% 1.60% 28.43% 13.37% 44.58% 15.67% -70.20%
EPS Q/Q Growth		 16.67% -9.60% 10.22% 21.14% 2.06% 33.68% 11.11% 46.43% 13.33% -57.69%
Operating Cash Flow Q/Q Growth		 7.76% 20.66% 0.02% 3.16% 62.19% -93.96% 146.45% -85.22% 1,197.89% 2.13%
Free Cash Flow Firm Q/Q Growth		 -0.71% -4.94% 11.30% 6.88% 28.96% -19.27% 9.74% 3.74% -15.15% 26.12%
Invested Capital Q/Q Growth		 25.49% -1.46% 18.65% 10.94% -5.28% 18.25% 10.07% 14.03% 3.12% -4.86%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 -53.45% -62.90% -54.65% -40.67% -38.46% -25.12% -18.32% -8.65% -7.02% -11.96%
Operating Margin		 -56.52% -65.26% -57.21% -43.01% -41.36% -27.17% -20.21% -10.62% -8.95% -13.60%
EBIT Margin		 -56.52% -65.26% -57.21% -43.01% -41.36% -27.17% -20.21% -10.62% -8.95% -13.60%
Profit (Net Income) Margin		 -57.67% -65.63% -56.64% -42.39% -40.64% -25.08% -18.38% -9.06% -7.18% -11.30%
Tax Burden Percent		 100.15% 100.30% 100.12% 99.75% 100.19% 100.25% 100.64% 102.44% 102.37% 97.54%
Interest Burden Percent		 101.88% 100.27% 98.90% 98.81% 98.06% 92.08% 90.39% 83.30% 78.45% 85.15%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -258.99% -314.07% -215.96% -155.78% -149.49% -98.28% -71.87% -37.72% -35.90% -57.98%
ROIC Less NNEP Spread (ROIC-NNEP)		 -250.35% -306.34% -206.75% -146.35% -141.27% -94.69% -68.65% -36.22% -35.18% -56.78%
Return on Net Nonoperating Assets (RNNOA)		 197.39% 252.56% 150.97% 95.74% 94.07% 67.72% 46.04% 22.66% 23.88% 40.64%
Return on Equity (ROE)		 -61.60% -61.52% -64.99% -60.04% -55.42% -30.56% -25.82% -15.06% -12.02% -17.34%
Cash Return on Invested Capital (CROIC)		 -408.20% -401.39% -285.59% -246.79% -204.55% -187.43% -143.55% -115.64% -105.37% -76.60%
Operating Return on Assets (OROA)		 -37.80% -40.69% -40.31% -34.60% -33.31% -20.74% -17.53% -10.45% -9.02% -14.88%
Return on Assets (ROA)		 -38.57% -40.92% -39.91% -34.10% -32.72% -19.15% -15.94% -8.92% -7.25% -12.36%
Return on Common Equity (ROCE)		 -61.60% -61.52% -64.99% -60.04% -55.42% -30.56% -25.82% -15.06% -12.02% -17.34%
Return on Equity Simple (ROE_SIMPLE)		 -150.93% 0.00% -83.95% -85.85% -63.64% 0.00% -46.02% -34.92% -24.44% 0.00%
Net Operating Profit after Tax (NOPAT)		 -83 -99 -97 -79 -78 -59 -52 -31 -28 -45
NOPAT Margin		 -39.56% -45.68% -40.04% -30.11% -28.95% -19.02% -14.15% -7.43% -6.26% -9.52%
Net Nonoperating Expense Percent (NNEP)		 -8.63% -7.73% -9.21% -9.43% -8.21% -3.58% -3.22% -1.50% -0.72% -1.20%
Return On Investment Capital (ROIC_SIMPLE)		 - -9.29% - - - -5.24% - - - -3.55%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 70.11% 66.20% 61.89% 58.34% 57.67% 51.89% 52.83% 47.89% 48.70% 49.35%
R&D to Revenue		 31.10% 40.47% 34.05% 29.91% 28.79% 26.67% 24.10% 21.56% 22.04% 27.19%
Operating Expenses to Revenue		 156.52% 165.26% 157.21% 143.01% 141.36% 127.17% 120.21% 110.62% 108.95% 113.60%
Earnings before Interest and Taxes (EBIT)		 -119 -142 -138 -112 -111 -85 -74 -44 -39 -65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -113 -137 -132 -106 -103 -78 -67 -36 -31 -57
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 11.75 5.56 9.67 9.33 6.46 9.83 13.91 15.90 17.87 17.48
Price to Tangible Book Value (P/TBV)		 11.75 5.56 9.67 9.33 6.46 9.83 13.91 15.90 17.87 17.48
Price to Revenue (P/Rev)		 5.48 4.78 7.25 5.97 5.13 6.95 9.14 9.77 10.25 12.32
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 23.62 19.98 29.06 23.28 21.30 28.08 38.29 40.76 46.86 65.08
Enterprise Value to Revenue (EV/Rev)		 5.23 4.13 6.73 5.57 4.55 6.48 8.71 9.39 9.89 11.79
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 601.70 147.50
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.92 0.51 0.56 0.61 0.46 0.47 0.46 0.44 0.42 0.07
Long-Term Debt to Equity		 0.78 0.40 0.43 0.47 0.36 0.37 0.36 0.34 0.33 0.00
Financial Leverage		 -0.79 -0.82 -0.73 -0.65 -0.67 -0.72 -0.67 -0.63 -0.68 -0.72
Leverage Ratio		 2.07 1.94 2.07 2.22 2.14 1.93 1.93 1.93 1.83 1.58
Compound Leverage Factor		 2.11 1.94 2.04 2.20 2.10 1.78 1.74 1.61 1.43 1.35
Debt to Total Capital		 47.83% 33.90% 35.77% 37.83% 31.63% 32.19% 31.41% 30.32% 29.47% 6.30%
Short-Term Debt to Total Capital		 7.24% 7.53% 7.94% 8.39% 7.01% 7.12% 6.94% 6.70% 6.46% 6.30%
Long-Term Debt to Total Capital		 40.59% 26.38% 27.84% 29.44% 24.62% 25.07% 24.47% 23.62% 23.01% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 52.17% 66.10% 64.23% 62.17% 68.37% 67.81% 68.59% 69.68% 70.53% 93.70%
Debt to EBITDA		 -0.64 -0.70 -0.70 -0.74 -0.76 -0.87 -1.02 -1.28 -1.73 -0.42
Net Debt to EBITDA		 0.37 1.04 0.87 0.77 1.20 1.23 1.46 1.84 2.62 4.65
Long-Term Debt to EBITDA		 -0.55 -0.54 -0.54 -0.58 -0.59 -0.67 -0.80 -1.00 -1.35 0.00
Debt to NOPAT		 -0.88 -0.96 -0.95 -1.01 -1.03 -1.16 -1.36 -1.66 -2.17 -0.52
Net Debt to NOPAT		 0.50 1.42 1.18 1.04 1.63 1.65 1.94 2.38 3.28 5.71
Long-Term Debt to NOPAT		 -0.75 -0.74 -0.74 -0.79 -0.80 -0.91 -1.06 -1.29 -1.69 0.00
Altman Z-Score		 2.49 2.49 4.51 3.87 3.61 5.72 8.94 11.02 12.66 26.42
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 3.10 3.90 3.88 3.85 4.37 4.10 4.12 4.14 4.39 4.00
Quick Ratio		 2.83 3.68 3.64 3.60 4.11 3.77 3.83 3.89 4.08 3.73
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -190 -199 -177 -165 -117 -140 -126 -121 -140 -103
Operating Cash Flow to CapEx		 -837.48% -685.95% -712.72% -891.52% -331.57% -573.07% 132.91% 34.17% 317.47% 291.90%
Free Cash Flow to Firm to Interest Expense		 -81.53 -72.44 -57.77 -51.83 -35.97 -44.32 -40.31 -38.77 -44.43 -79.82
Operating Cash Flow to Interest Expense		 -43.88 -29.48 -26.50 -24.72 -9.13 -18.30 8.64 1.28 16.48 40.93
Operating Cash Flow Less CapEx to Interest Expense		 -49.12 -33.78 -30.22 -27.50 -11.89 -21.49 2.14 -2.46 11.29 26.91
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.67 0.62 0.70 0.80 0.81 0.76 0.87 0.98 1.01 1.09
Accounts Receivable Turnover		 4.48 4.48 4.19 3.98 4.02 4.14 4.51 4.57 5.45 5.73
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 10.57 10.38 9.70 10.08 10.28 10.63 10.68 11.52 12.40 12.42
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 81.56 81.54 87.20 91.81 90.72 88.11 80.87 79.95 66.95 63.72
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 81.56 81.54 87.20 91.81 90.72 88.11 80.87 79.95 66.95 63.72
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 172 169 201 223 211 250 275 313 323 308
Invested Capital Turnover		 6.55 6.88 5.39 5.17 5.16 5.17 5.08 5.07 5.73 6.09
Increase / (Decrease) in Invested Capital		 107 100 80 86 39 80 74 90 112 58
Enterprise Value (EV)		 4,059 3,384 5,840 5,189 4,498 7,011 10,525 12,775 15,146 20,011
Market Capitalization		 4,249 3,921 6,290 5,562 5,071 7,526 11,045 13,298 15,701 20,899
Book Value per Share		 $3.73 $7.23 $5.74 $5.22 $6.85 $6.37 $6.58 $6.81 $7.10 $9.05
Tangible Book Value per Share		 $3.73 $7.23 $5.74 $5.22 $6.85 $6.37 $6.58 $6.81 $7.10 $9.05
Total Capital		 693 1,068 1,013 959 1,148 1,129 1,158 1,201 1,246 1,276
Total Debt		 331 362 362 363 363 363 364 364 367 80
Total Long-Term Debt		 281 282 282 282 283 283 283 284 287 0.00
Net Debt		 -190 -536 -450 -373 -574 -516 -519 -523 -555 -888
Capital Expenditures (CapEx)		 12 12 11 8.81 8.96 10 20 12 16 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 91 83 107 133 121 153 153 181 179 144
Debt-free Net Working Capital (DFNWC)		 612 982 919 869 1,058 1,032 1,036 1,068 1,102 1,112
Net Working Capital (NWC)		 562 901 838 789 977 951 955 987 1,021 1,032
Net Nonoperating Expense (NNE)		 38 43 40 32 31 19 16 6.73 4.06 8.45
Net Nonoperating Obligations (NNO)		 -190 -536 -450 -373 -574 -516 -519 -523 -555 -888
Total Depreciation and Amortization (D&A)		 6.47 5.11 6.18 6.11 7.79 6.40 6.93 8.15 8.46 7.81
Debt-free, Cash-free Net Working Capital to Revenue		 11.76% 10.15% 12.32% 14.30% 12.26% 14.11% 12.66% 13.27% 11.70% 8.48%
Debt-free Net Working Capital to Revenue		 78.93% 119.68% 105.88% 93.34% 106.99% 95.30% 85.71% 78.47% 71.91% 65.54%
Net Working Capital to Revenue		 72.47% 109.89% 96.62% 84.71% 98.85% 87.87% 79.06% 72.56% 66.66% 60.80%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.25) ($1.37) ($1.23) ($0.97) ($0.95) ($0.63) ($0.56) ($0.30) ($0.26) ($0.41)
Adjusted Weighted Average Basic Shares Outstanding		 97.05M 98.41M 111.77M 113.69M 115.17M 115.00M 120.81M 122.85M 123.78M 124.72M
Adjusted Diluted Earnings per Share		 ($1.25) ($1.37) ($1.23) ($0.97) ($0.95) ($0.63) ($0.56) ($0.30) ($0.26) ($0.41)
Adjusted Weighted Average Diluted Shares Outstanding		 97.05M 98.41M 111.77M 113.69M 115.17M 115.00M 120.81M 122.85M 123.78M 124.72M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 97.60M 113.29M 114.30M 114.60M 120.15M 120.76M 122.80M 123.68M 132.02M 135.19M
Normalized Net Operating Profit after Tax (NOPAT)		 -83 -99 -97 -79 -78 -59 -52 -31 -28 -45
Normalized NOPAT Margin		 -39.56% -45.68% -40.04% -30.11% -28.95% -19.02% -14.15% -7.43% -6.26% -9.52%
Pre Tax Income Margin		 -57.58% -65.43% -56.58% -42.50% -40.56% -25.02% -18.27% -8.85% -7.02% -11.58%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -51.10 -51.52 -45.18 -35.39 -34.13 -26.85 -23.79 -14.04 -12.52 -50.11
NOPAT to Interest Expense		 -35.77 -36.06 -31.63 -24.77 -23.89 -18.80 -16.65 -9.83 -8.76 -35.08
EBIT Less CapEx to Interest Expense		 -56.34 -55.81 -48.90 -38.16 -36.88 -30.05 -30.29 -17.77 -17.71 -64.13
NOPAT Less CapEx to Interest Expense		 -41.01 -40.36 -35.34 -27.54 -26.64 -21.99 -23.15 -13.56 -13.96 -49.10
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Natera's Financials

When does Natera's fiscal year end?

According to the most recent income statement we have on file, Natera's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Natera's net income changed over the last 9 years?

Natera's net income appears to be on an upward trend, with a most recent value of -$190.43 million in 2024, rising from -$70.28 million in 2015. The previous period was -$434.80 million in 2023. View Natera's forecast to see where analysts expect Natera to go next.

What is Natera's operating income?
Natera's total operating income in 2024 was -$222.29 million, based on the following breakdown:
  • Total Gross Profit: $1.70 billion
  • Total Operating Expenses: $1.92 billion
How has Natera revenue changed over the last 9 years?

Over the last 9 years, Natera's total revenue changed from $190.36 million in 2015 to $1.70 billion in 2024, a change of 791.4%.

How much debt does Natera have?

Natera's total liabilities were at $465.32 million at the end of 2024, a 31.2% decrease from 2023, and a 478.2% increase since 2015.

How much cash does Natera have?

In the past 9 years, Natera's cash and equivalents has ranged from $12.62 million in 2017 to $945.59 million in 2024, and is currently $945.59 million as of their latest financial filing in 2024.

How has Natera's book value per share changed over the last 9 years?

Over the last 9 years, Natera's book value per share changed from 3.70 in 2015 to 9.05 in 2024, a change of 145.0%.


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This page (NASDAQ:NTRA) was last updated on 5/6/2025 by MarketBeat.com Staff
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