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	Mar '26 Mar 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 Cap	25,887	32,002	20,998	7,491	4,469	8,885
Market Cap Growth	34.37%	52.41%	180.32%	67.61%	-49.70%	3.55%
Enterprise Value	25,025	31,125	20,207	7,042	4,009	8,362
Last Close Price	182.65	229.09	158.30	62.64	40.17	93.39
PE Ratio	-	-150.72	-103.46	-16.57	-7.21	-17.93
PS Ratio	11.23	13.88	12.37	6.92	5.45	14.21
PB Ratio	14.90	18.69	17.57	9.79	6.33	13.60
P/TBV Ratio	14.58	18.29	16.52	9.41	5.60	12.95
P/FCF Ratio	237.25	-	303.26	-26.18	-9.33	-23.61
P/OCF Ratio	120.24	-	154.78	-30.33	-10.36	-26.50
EV/Sales Ratio	10.85	13.50	11.91	6.50	4.89	13.37
EV/EBITDA Ratio	-	-100.43	-105.61	-16.68	-7.65	-18.30
EV/EBIT Ratio	-	-100.43	-90.90	-15.78	-7.41	-17.86
EV/FCF Ratio	229.35	-	291.83	-24.61	-8.37	-22.22
Debt / Equity Ratio	0.12	0.12	0.15	0.56	0.62	0.60
Debt / EBITDA Ratio	-0.64	-0.64	-0.92	-1.02	-0.84	-0.86
Debt / FCF Ratio	-	-	2.56	-1.50	-0.91	-1.04
Net Debt / Equity Ratio	-0.51	-0.51	-0.66	-0.59	-0.65	-0.80
Net Debt / EBITDA Ratio	2.83	2.83	4.14	1.06	0.88	1.15
Net Debt / FCF Ratio	-	-	-11.43	1.57	0.96	1.39
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)	-11.86%	-11.86%	-14.38%	-31.49%	-41.20%	-43.23%
Return on Invested Capital (ROIC)	-33.05%	-33.05%	-55.71%	-141.94%	-247.95%	-365.82%
Return on Capital Employed (ROCE)	-18.93%	-18.93%	-18.14%	-40.23%	-51.49%	-53.49%
Earnings Yield	-0.80%	-0.66%	-0.97%	-6.03%	-13.87%	-5.58%
FCF Yield	0.42%	0.00%	0.33%	-3.82%	-10.72%	-4.23%
Buyback Yield / Dilution	-9.62%	-9.62%	-8.45%	-16.86%	-8.67%	-11.78%
Total Shareholder Return	-9.62%	-9.62%	-8.45%	-16.86%	-8.67%	-11.78%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q