Natera
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-137.46-2.46K233.66137.19
Price/Sales ratio
9.007.687.026.56
Earnings per Share (EPS)
$-1.16$-0.06$0.68$1.16

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-128.17-4.02-6.29-3.51-6.28-18.77-35.09-17.92-7.21-16.56-9.33-9.33
Price/Sales ratio
4.141.482.772.273.127.7520.6113.524.816.656.233.12
Price/Book Value ratio
-3.851.535.65-46.2125.058.4016.5812.945.609.417.248.40
Price/Cash Flow ratio
62.95-7.48-8.15-4.95-11.41-36.93-44.17-25.22-9.16-29.16-11.85-11.85
Price/Free Cash Flow ratio
1.23K-6.19-6.20-4.49-10.82-34.25-39.88-22.47-8.24-25.17-10.67-10.82
Price/Earnings Growth ratio
1.48-0.000.20-0.090.470.96-0.59-0.21-1.040.511.410.47
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
50.78%40.71%37.54%33.82%35.55%41.96%47.92%49.09%44.37%45.51%44.69%35.55%
Operating Profit Margin
0.41%-31.43%-44.44%-63.53%-44.48%-43.22%-55.31%-74.84%-65.96%-41.22%-65.96%-43.22%
Pretax Profit Margin
-3.23%-36.91%-44.05%-64.40%-49.61%-40.62%-58.73%-75.31%-66.66%-40.13%-66.66%-40.62%
Net Profit Margin
-3.23%-36.91%-44.11%-64.62%-49.73%-41.28%-58.75%-75.41%-66.78%-40.16%-66.78%-41.28%
Effective Tax Rate
-48.58%14.12%-0.14%-0.33%-0.25%-1.62%-0.04%-0.13%-0.17%-0.06%-0.17%-0.25%
Return on Assets
-4.16%-26.49%-45.45%-76.24%-47.78%-21.42%-24.64%-38.14%-39.28%-30.15%-39.28%-47.78%
Return On Equity
3.00%-38.03%-89.94%1314.50%-398.46%-44.78%-47.24%-72.20%-77.62%-56.81%-106.66%-398.46%
Return on Capital Employed
0.70%-32.38%-84.44%-182.93%-74.34%-32.44%-29.50%-46.01%-49.91%-39.33%-49.91%-74.34%
Liquidity Ratios
Current Ratio
N/A3.111.801.372.112.904.33N/AN/AN/A3.902.11
Quick Ratio
3.173.011.731.281.992.834.234.863.783.963.681.99
Cash ratio
2.910.350.150.110.400.340.240.381.502.081.500.40
Days of Sales Outstanding
13.6111.2422.5276.2888.1464.4173.3371.23108.7593.82108.7588.14
Days of Inventory outstanding
53.7326.1717.2623.5229.9625.7835.9030.8428.3225.2228.4825.78
Operating Cycle
67.3537.4139.7999.81118.1190.19109.24102.08137.07119.0555.3090.19
Days of Payables Outstanding
41.2823.7130.9022.3032.0617.8914.5131.1824.919.2825.0617.89
Cash Conversion Cycle
26.0713.708.8877.5186.0472.2994.7370.89112.15109.7690.7186.04
Debt Ratios
Debt Ratio
0.210.150.230.680.460.210.270.260.250.250.490.46
Debt Equity Ratio
-0.150.220.46-11.873.840.440.510.500.510.470.970.97
Long-term Debt to Capitalization
-0.16N/AN/A1.160.690.200.290.300.280.260.330.33
Total Debt to Capitalization
-0.180.180.311.090.790.300.340.330.330.320.380.38
Interest Coverage Ratio
N/A-17.07-181.02-31.81-10.94-12.22-14.34N/AN/AN/A-58.05-12.22
Cash Flow to Debt Ratio
0.39-0.89-1.48-0.78-0.57-0.51-0.72-1.01-1.19-0.67-0.98-0.51
Company Equity Multiplier
-0.721.431.97-17.238.332.091.911.891.971.881.972.09
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.06-0.19-0.34-0.45-0.27-0.20-0.46-0.53-0.52-0.22-0.52-0.20
Free Cash Flow / Operating Cash Flow Ratio
0.051.201.311.101.051.071.101.121.111.151.111.05
Cash Flow Coverage Ratio
0.39-0.89-1.48-0.78-0.57-0.51-0.72-1.01-1.19-0.67-0.98-0.51
Short Term Coverage Ratio
4.48-0.89-1.48-1.93-1.40-1.26-3.64-6.69-5.37-3.07-5.37-1.26
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A