Company / Operating Margin
Natera, Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-13.4%
FY2025
5-year range
-74.9% / -13.1%
FY2021-FY2025
Trend
-2.6%
vs FY2024
Sector context
#124 of 148
Health Care
What the data says
Natera, Inc.'s operating margin of -13.4% is lower than 84% of companies in the Health Care sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from -74.9% in FY2021 to -13.1% in FY2024.
Based on SEC 10-K filings.
-13.4% in FY2025 with a 5-year CAGR of +31.1%.
Improved from -41.2% to -13.4% over the past 2 years.
Health Care sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +41.9pp
- 5-Year Change
- +31.1pp
- 10-Year Change
- -
Sector benchmark
Bottom 16% in Health CareTop 84% of 148This company -13.4% Sector average -284.8%
▼
+95.3% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 2.6% year-over-year.
- Currently 271.3pp above the Health Care sector average.
- Peak operating margin was recorded in FY2024.
- Lowest operating margin in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.94 (distress zone, below 1.8 threshold)
- Negative profit margin: -11.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -13.4% | -2.6% |
| FY2024 | -13.1% | +68.2% |
| FY2023 | -41.2% | +25.5% |
| FY2022 | -55.3% | +26.1% |
| FY2021 | -74.9% | -68.2% |
| FY2020 | -44.5% | +31.1% |
| FY2019 | -64.6% | -45.1% |
| FY2018 | -44.5% | +30.7% |
| FY2017 | -64.2% | -37.8% |
| FY2016 | -46.6% | -48.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026