Natera, Inc.

NTRANASDAQHealthcare● Active

$214.89

$-0.42(-0.20%)

Market Cap$30.8B

P/E Ratio—

52W High$256.36

52W Low$131.811

Avg Volume1.4M

Open$215.86

Beta1.54

Free Cash Flow Financials Revenue

Natera, Inc. (NTRA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NTRA · free cash flow · updated Jun 8, 2026

Core FCF metrics

NTRA · FCF · TTM · margin & CAGR

Free cash flow was $109.1M for FY2025 (fiscal year ending 2025-12-31), up 57.6% year-over-year The FCF margin was 4.7%.

FY2025 Free Cash Flow$109.1M▲ +57.6% YoY

Trailing 12M (TTM)$92.0Mtrailing 4 quarters sum

FCF Margin4.7%$109.1M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NTRA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$215.3M(106M)$109.1M▲ +57.6%4.7%

FY2024$135.7M(66M)$69.2M▲ +124.2%4.1%

FY2023−$247.0M(39M)−$286.2M▲ +40.3%-26.4%

FY2022−$431.5M(48M)−$479.2M▼ 27.4%-58.4%

FY2021−$335.2M(41M)−$376.3M▼ 86.2%-60.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NTRA · P/FCF · FCF yield · FCF per share

Natera, Inc. (NTRA) trades at a FCF yield of 0.30% and a price-to-free-cash-flow ratio of 320.7x. FCF per share stands at $0.67, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.30%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.67

TTM FCF ÷ Shares Outstanding

Price / FCF

x320.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x327.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NTRA · cash flow statement · operating / investing / financing

For FY2025, Natera, Inc. generated $215.3M in operating cash flow and spent 106M in capital expenditures, yielding $109.1M in free cash flow.

Operating Activities

+$215.3M

Cash from core business operations

2025-12-31

Investing Activities

−$132.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$47.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($215.3M) − |CapEx| (106M) = FCF ($109.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

NTRA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Natera, Inc.YOU

NTRA

$109.1M+57.6%4.7%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Natera, Inc. (NTRA) reported free cash flow of $109.1M for FY2025 (fiscal year ending 2025-12-31), up 57.6% year-over-year. The FCF margin was 4.7%.

Based on available data, Natera, Inc. has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $109.1M in FY2025.

Natera, Inc.'s FCF yield is 0.30% and price-to-FCF ratio is 320.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NTRA free cash flow · 8 questions

Natera, Inc. free cash flow was $109.1M for FY2025, up 57.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $92.0M.

NTRA free cash flowNTRA FCFNTRA FCF 2025NTRA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Natera, Inc. · Natera, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026