Natera Inc

Natera Inc

NTRA

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Market Cap$31.99B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Natera IncNatera Inc-139.7--13%12.50.1

Earnings Call Q1 2026

May 7, 2026 - AI Summary

Strong Q1 performance & growth momentum (good) - Revenue: $697M in Q1 2026, +39% YoY. - Units: 1 million units milestone achieved in a single quarter (first time Natera has done so). - Oncology (Signatera): 249k clinical oncology units, +55% YoY and a new record (~24k more than Q4). - Women’s health: core business strong; Fetal Focus launch contributed to new-account momentum and retention.
Fetal Focus ramp in women’s health (good/surprising) - Fetal Focus (next-gen single-gene NIPT; ultrasensitive LinkedSNP; 21 genes) is exceeding expectations. - Approaching ~200k annualized run rate of Fetal Focus orders so far, despite being recently launched. - Demand driven by clinical need when paternal screening isn’t available; backed by the prospective blinded EXPAND trial (entered for publication; presented at SMFM).
Gross margin beat + guide reset (good) - Q1 gross margin: just under 65%. - They had previously guided FY 2026 gross margins to 64% (midpoint) in February; now they exceed it. - Margin headwind in Q1 (bad/temporary): rapid volume increase raised lab work-in-process at quarter-end, hurting the received-vs-reported ratio (management expects this to normalize). - FY outlook changes (forecast): - Revenue guide reset upward by $120M at the midpoint (midpoint increased). - Gross margin guidance increased to 65% at the midpoint.

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$251.00

Target Price by Analysts

18.5% upsideNatera Target Price DetailsTarget Price
$-189.19

Current Fair Value

189.3% downside

Overvalued by 189.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$31.99 Billion
Enterprise Value$31.16 Billion
Dividend Yield$- (-)
Earnings per Share$-1.52
Beta1.57
Outstanding Shares141,502,000

Return

Return on Equity-12.76%ROE
Return on Assets-8.66%
Return on Invested Capital-14.44%

Valuation & Multiples

P/E Ratio-139.66P/E Ratio
PEG-514.92PEG
Price to Sales12.46Price to Sales
Price to Book Ratio17.65Price to Book Ratio
Enterprise Value to Revenue12.46
Enterprise Value to EBIT-104.96
Enterprise Value to Net Income-138
Total Debt to Enterprise0.01
Debt to Equity0.15Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 14, 2026
EPS Estimate
$-0.55
Average shareholder expectation
Revenue Estimate
$617.53 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 6, 2026
EPS Estimate
$-0.46
Average shareholder expectation
Revenue Estimate
$659.63 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.1353 47.37%
Total Calls535,962 11.87%
Total Puts608,500 91.96%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %97.66% 1.37%
Total Invested$26.52B 12.36%
Investors Holding781 29.00%

ESG Score

No data

About Natera Inc

Naterais a pioneer and global leader in cell-free DNA testing from a simple blood draw. The mission of the company is to change the management of disease worldwide with a focus on women's health, oncology, and organ health. Natera operat...

Relevant Senate Committees

Finance

As the most powerful economic committee, it controls taxation and entitlement spending, crucially including Medicare pricing. Medicare reimbursement rates are vital for Natera's revenue, and tax policy directly impacts its profitability and corporate valuation.

Appropriations

This committee allocates federal discretionary spending. Its subcommittees determine funding for scientific research, federal healthcare programs (like Medicare/Medicaid), and agencies relevant to Natera, directly influencing research grants and reimbursement for its tests.

Health, Education, Labor, and Pensions

This committee directly regulates the FDA (which oversees medical devices/diagnostics) and the NIH (critical for research funding). Labor laws also directly impact Natera's workforce. This is a primary regulatory body for Natera's industry.

Judiciary

This committee's oversight of antitrust laws directly impacts potential mergers and acquisitions in the biotech sector. Critically, its jurisdiction over intellectual property is paramount for Natera's proprietary genetic testing technologies.