Natera Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	29,486	31,688	20,899	7,526	4,380	8,834
Market Cap Growth	29.89%	51.63%	177.68%	71.84%	-50.42%	3.98%
Enterprise Value	28,624	30,844	20,452	7,032	4,275	8,196
Last Close Price	208.04	229.09	158.30	62.64	40.17	93.39
PS Ratio	12.79	13.74	12.32	6.95	5.34	14.12
PB Ratio	16.97	18.51	17.48	9.83	6.21	13.52
P/TBV Ratio	24.62	26.46	17.64	9.83	6.21	13.57
P/FCF Ratio	270.23	290.41	301.83	-	-	-
P/OCF Ratio	136.95	147.18	154.05	-	-	-
EV/Sales Ratio	12.41	13.38	12.05	6.50	5.21	13.10
EV/FCF Ratio	262.33	282.68	295.38	-	-	-
Debt / Equity Ratio	0.13	0.13	0.16	0.58	0.63	0.61
Debt / FCF Ratio	1.97	1.97	2.70	-	-	-
Net Debt / Equity Ratio	-0.50	-0.50	-0.65	-0.57	-0.64	-0.79
Net Debt / EBITDA Ratio	3.18	3.18	4.01	1.03	0.86	1.13
Net Debt / FCF Ratio	-7.90	-7.90	-11.28	1.53	0.94	1.34
Asset Turnover	1.14	1.14	1.09	0.76	0.62	0.58
Inventory Turnover	14.36	14.36	15.76	15.49	14.64	13.57
Quick Ratio	3.11	3.11	3.73	3.77	3.68	4.73
Current Ratio	3.39	3.39	4.00	4.10	3.90	4.99
Return on Equity (ROE)	-14.32%	-14.32%	-19.42%	-59.11%	-80.62%	-82.79%
Return on Assets (ROA)	-9.54%	-9.54%	-8.96%	-19.67%	-25.70%	-26.98%
Return on Capital Employed (ROCE)	-15.80%	-15.80%	-16.90%	-39.30%	-49.90%	-46.00%
Earnings Yield	-0.71%	-0.66%	-0.91%	-5.78%	-12.51%	-5.34%
FCF Yield	0.37%	0.34%	0.33%	-3.80%	-10.94%	-4.36%
Buyback Yield / Dilution	-9.62%	-9.62%	-8.45%	-16.86%	-8.67%	-11.79%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q