NTRA - Natera, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$261.75
DETAILS
HIGH:
$285.00
LOW:
$220.00
MEDIAN:
$267.50
CONSENSUS:
$261.75
UPSIDE:
28.82%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 2,306.1 | 1,696.9 | 1,082.6 | 820.2 | 625.5 | 391.0 | 302.3 | 257.7 | 210.9 | 217.1 | 190.4 | 159.3 | 55.2 | 14.2 |
| Cost of Revenue | 810.6 | 673.8 | 589.8 | 456.3 | 318.4 | 203.6 | 175.5 | 166.1 | 139.6 | 135.6 | 112.8 | 78.4 | 37.3 | 11.2 |
| Gross Profit | 1,495.5 | 1,023.2 | 492.7 | 364.0 | 307.1 | 187.4 | 126.9 | 91.6 | 71.3 | 81.5 | 77.5 | 80.9 | 17.9 | 3.1 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 624.1 | 404.1 | 320.7 | 316.4 | 264.2 | 100.0 | 51.4 | 51.4 | 50.1 | 41.9 | 27.7 | 17.3 | 11.6 | 7.0 |
| SG&A Expenses | 1,177.3 | 841.3 | 618.3 | 588.6 | 511.0 | 303.6 | 206.2 | 154.9 | 155.3 | 136.1 | 109.6 | 62.9 | 31.6 | 15.3 |
| Other Expenses | 4.0 | 0 | 0 | 0 | 0 | 0 | (14.4) | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 |
| Operating Expenses | 1,805.4 | 1,245.5 | 939.0 | 905.0 | 775.2 | 403.7 | 243.1 | 206.2 | 205.4 | 178.0 | 137.3 | 80.2 | 43.2 | 22.3 |
| Operating Income | ||||||||||||||
| Operating Income | (309.9) | (222.3) | (446.2) | (541.0) | (468.2) | (216.3) | (116.3) | (114.6) | (134.0) | (96.5) | (59.8) | 0.7 | (25.3) | (19.2) |
| Interest Expense | 4.1 | 10.7 | 12.6 | 9.3 | 8.3 | 15.1 | 10.7 | 10.5 | 4.2 | 0.5 | 3.5 | 4.2 | 11.9 | 0 |
| Interest Income | 0 | 43.2 | 24.4 | 3.5 | 5.4 | 7.6 | 4.2 | 0 | 2.4 | 1.4 | 1.0 | 0.1 | 0 | 57.0 |
| Profitability | ||||||||||||||
| EBITDA | (264.0) | (148.1) | (383.3) | (507.0) | (451.5) | (205.9) | (104.4) | (107.1) | (125.8) | (93.4) | (61.2) | 4.2 | (22.7) | (18.5) |
| EBIT | (264.0) | (179.0) | (421.9) | (537.5) | (462.8) | (214.6) | (112.1) | (114.6) | (133.0) | (99.7) | (66.8) | 0.7 | (25.2) | (19.2) |
| Income Before Tax | (268.1) | (189.7) | (434.5) | (546.8) | (471.1) | (229.6) | (122.8) | (127.8) | (135.9) | (95.6) | (70.3) | (5.2) | (37.1) | (76.2) |
| Income Tax Expense | (59.9) | 0.7 | 0.3 | 1.0 | 0.6 | 0.1 | 2.0 | 0.3 | 0.5 | 0.1 | 0 | 0 | 0 | 0 |
| Net Income | (208.2) | (190.4) | (434.8) | (547.8) | (471.7) | (229.7) | (124.8) | (128.2) | (136.3) | (95.8) | (70.3) | (5.2) | (37.1) | (76.2) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -1.52 | -1.53 | -3.78 | -5.57 | -5.21 | -2.84 | -1.79 | -2.22 | -2.56 | -1.86 | -1.47 | -0.14 | -1.01 | -24.37 |
| EPS (Diluted) | -1.52 | -1.53 | -3.78 | -5.57 | -5.21 | -2.84 | -1.79 | -2.22 | -2.54 | -1.86 | -1.47 | -0.14 | -1.01 | -24.37 |
| Shares Outstanding | 136.7 | 124.7 | 115.0 | 98.4 | 90.6 | 81.0 | 69.6 | 57.7 | 53.3 | 51.4 | 47.6 | 36.7 | 36.7 | 3.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,076.1 | 945.6 | 642.1 | 466.1 | 84.4 | 48.7 | 61.9 | 46.4 | 12.6 | 15.3 |
| Short-Term Investments | 0 | 22.7 | 236.9 | 432.3 | 829.9 | 688.6 | 379.1 | 107.5 | 106.2 | 130.9 |
| Net Receivables | 296.5 | 314.2 | 278.3 | 244.4 | 122.1 | 78.6 | 53.4 | 62.2 | 44.1 | 13.4 |
| Inventory | 68.4 | 44.7 | 40.8 | 35.4 | 26.9 | 20.0 | 12.4 | 13.6 | 9.0 | 6.4 |
| Other Current Assets | 55.8 | 48.6 | 60.5 | 33.6 | 0.2 | 0.2 | 0.1 | 4.6 | 0.1 | 1.1 |
| Total Current Assets | 1,496.9 | 1,375.8 | 1,258.5 | 1,211.8 | 1,093.1 | 862.7 | 523.2 | 240.5 | 180.6 | 174.1 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 349.7 | 248.2 | 167.7 | 164.3 | 124.5 | 54.7 | 47.0 | 24.3 | 29.7 | 32.3 |
| Goodwill | 141.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 373.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 36.9 | 36.7 | 15.4 | 18.3 | 18.8 | 14.7 | 12.5 | 3.3 | 4.3 | 4.3 |
| Total Non-Current Assets | 1,011.1 | 284.9 | 183.2 | 182.7 | 143.3 | 69.5 | 59.5 | 27.7 | 34.0 | 36.6 |
| Total Assets | 2,508.0 | 1,660.7 | 1,441.7 | 1,394.5 | 1,236.5 | 932.2 | 582.7 | 268.2 | 214.6 | 210.7 |
| Current Liabilities | ||||||||||
| Account Payables | 33.2 | 34.9 | 15.0 | 31.1 | 27.2 | 8.1 | 8.6 | 14.6 | 8.5 | 11.5 |
| Short-Term Debt | 95.9 | 80.4 | 80.4 | 80.3 | 50.1 | 50.1 | 50.1 | 50.2 | 50.1 | 49.6 |
| Deferred Revenue | 24.9 | 19.8 | 16.6 | 10.8 | 7.4 | 50.1 | 56.0 | 4.1 | 1.4 | 0.6 |
| Other Current Liabilities | 186.3 | 73.4 | 69.1 | 63.0 | 58.2 | 47.7 | 25.5 | 22.7 | 19.0 | 22.4 |
| Total Current Liabilities | 441.2 | 344.0 | 307.3 | 310.5 | 219.0 | 199.1 | 179.9 | 114.0 | 105.6 | 96.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 0 | 282.9 | 281.7 | 280.4 | 202.5 | 73.7 | 73.4 | 73.1 | 0 |
| Deferred Tax Liabilities | 110.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 108.5 | 0 | 0 | 0 | 1.5 | 0.3 | 0.3 | 8.6 | 10.6 | 7.8 |
| Total Non-Current Liabilities | 354.4 | 121.3 | 369.1 | 378.2 | 364.2 | 246.9 | 124.1 | 122.0 | 83.6 | 7.8 |
| Total Liabilities | 795.6 | 465.3 | 676.4 | 688.7 | 583.2 | 445.9 | 303.9 | 236.0 | 189.2 | 104.2 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (2,776.0) | (2,567.9) | (2,377.4) | (1,942.6) | (1,394.8) | (929.3) | (699.2) | (574.5) | (446.4) | (345.8) |
| Accumulated Other Comprehensive Income | (0.3) | (0.3) | (3.1) | (16.4) | (2.3) | 4.3 | 0.9 | (0.6) | (0.8) | (0.7) |
| Total Stockholders' Equity | 1,712.4 | 1,195.4 | 765.3 | 705.7 | 653.3 | 486.2 | 278.7 | 32.2 | 25.4 | 106.5 |
| Total Liabilities & Equity | 2,508.0 | 1,660.7 | 1,441.7 | 1,394.5 | 1,236.5 | 932.2 | 582.7 | 268.2 | 214.6 | 210.7 |
| Debt Metrics | ||||||||||
| Total Debt | 214.4 | 187.1 | 442.0 | 446.2 | 397.2 | 281.1 | 155.8 | 123.5 | 123.2 | 49.6 |
| Net Debt | (861.8) | (758.5) | (200.1) | (19.9) | 312.8 | 232.4 | 93.9 | 77.1 | 110.6 | 34.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (208.2) | (190.4) | (434.8) | (547.8) | (471.7) | (229.7) | (124.8) | (128.2) | (137.6) | (100.3) |
| Depreciation & Amortization | 43.5 | 31.0 | 24.1 | 16.7 | 11.3 | 8.6 | 7.7 | 7.5 | 7.1 | 6.2 |
| Stock-Based Compensation | 0 | 274.4 | 191.8 | 152.4 | 115.2 | 50.2 | 28.6 | 14.2 | 11.4 | 10.6 |
| Change in Working Capital | 70.8 | 2.1 | (48.0) | (83.2) | (45.6) | (39.1) | 27.2 | 27.2 | 19.6 | 2.3 |
| Other Non-Cash Items | 369.9 | 18.6 | 19.9 | 30.4 | 55.6 | 27.6 | (2.2) | 8.7 | 1.6 | 7.2 |
| Operating Cash Flow | 215.3 | 135.7 | (247.0) | (431.5) | (335.2) | (182.5) | (63.4) | (70.6) | (96.8) | (73.9) |
| Investing Activities | ||||||||||
| Capital Expenditure | (106.2) | (66.4) | (39.2) | (47.7) | (41.0) | (19.6) | (5.0) | (3.9) | (9.9) | (23.1) |
| Acquisitions | (16.0) | 0 | 0 | 0 | 0 | 0 | 9.7 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (124.7) | (98.3) | (86.9) | (876.1) | (685.2) | (446.6) | (170.3) | (272.8) | (53.5) |
| Sales/Maturities of Investments | 23 | 339.2 | 306 | 465.0 | 720.5 | 373.4 | 175.6 | 169.0 | 296.5 | 123.7 |
| Other Investing Activities | 0 | (10.5) | 0 | 0 | (8.6) | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (132.2) | 137.6 | 168.5 | 330.3 | (205.2) | (331.5) | (266.4) | (5.2) | 13.8 | 47.0 |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | (0.1) | 0 | 30 | 0 | 199.6 | 0 | 0 | 75 | 7 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.3) | 0 |
| Financing Cash Flow | 47.5 | 30.2 | 254.5 | 482.6 | 576.2 | 500.8 | 340.8 | 113.7 | 80.4 | 13.2 |
| Cash Position | ||||||||||
| Net Change in Cash | 130.6 | 303.5 | 176.0 | 381.5 | 35.8 | (13.1) | 11.0 | 38.0 | (3.7) | (13.8) |
| Cash at Beginning | 945.6 | 642.1 | 466.1 | 84.6 | 48.9 | 62.0 | 51.0 | 13.0 | 16.7 | 30.5 |
| Cash at End | 1,076.1 | 945.6 | 642.1 | 466.1 | 84.6 | 48.9 | 62.0 | 51.0 | 13.0 | 16.7 |
| Free Cash Flow | 109.1 | 69.2 | (286.2) | (479.2) | (376.3) | (202.1) | (68.4) | (74.5) | (106.7) | (97.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 2,306.1 | 1,696.9 | 1,082.6 | 820.2 | 625.5 | 391.0 | 302.3 | 257.7 | 210.9 | 217.1 | 190.4 | 159.3 | 55.2 | 14.2 |
| Gross Profit | 1,495.5 | 1,023.2 | 492.7 | 364.0 | 307.1 | 187.4 | 126.9 | 91.6 | 71.3 | 81.5 | 77.5 | 80.9 | 17.9 | 3.1 |
| Operating Income | (309.9) | (222.3) | (446.2) | (541.0) | (468.2) | (216.3) | (116.3) | (114.6) | (134.0) | (96.5) | (59.8) | 0.7 | (25.3) | (19.2) |
| Net Income | (208.2) | (190.4) | (434.8) | (547.8) | (471.7) | (229.7) | (124.8) | (128.2) | (136.3) | (95.8) | (70.3) | (5.2) | (37.1) | (76.2) |
| EPS (Diluted) | -1.52 | -1.53 | -3.78 | -5.57 | -5.21 | -2.84 | -1.79 | -2.22 | -2.54 | -1.86 | -1.47 | -0.14 | -1.01 | -24.37 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 1,076.1 | 945.6 | 642.1 | 466.1 | 84.4 | 48.7 | 61.9 | 46.4 | 12.6 | 15.3 | ||||
| Total Assets | 2,508.0 | 1,660.7 | 1,441.7 | 1,394.5 | 1,236.5 | 932.2 | 582.7 | 268.2 | 214.6 | 210.7 | ||||
| Total Debt | 214.4 | 187.1 | 442.0 | 446.2 | 397.2 | 281.1 | 155.8 | 123.5 | 123.2 | 49.6 | ||||
| Stockholders' Equity | 1,712.4 | 1,195.4 | 765.3 | 705.7 | 653.3 | 486.2 | 278.7 | 32.2 | 25.4 | 106.5 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 215.3 | 135.7 | (247.0) | (431.5) | (335.2) | (182.5) | (63.4) | (70.6) | (96.8) | (73.9) | ||||
| Capital Expenditure | (106.2) | (66.4) | (39.2) | (47.7) | (41.0) | (19.6) | (5.0) | (3.9) | (9.9) | (23.1) | ||||
| Free Cash Flow | 109.1 | 69.2 | (286.2) | (479.2) | (376.3) | (202.1) | (68.4) | (74.5) | (106.7) | (97.0) | ||||