Natera, Inc. Financial Ratios — 45E Stock

Profitability (USD)

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-68.9	-208.7	-445.14	-80.31	-60.07	-82.79	-80.62	-59.11	-19.42	-14.32
Return on Assets (%)	- -	-5.62	-36.14	-42.16	-64.72	-53.09	-29.34	-30.33	-43.5	-41.64	-30.66	-12.28	-10.26
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	32.44	50.78	40.72	36.2	33.41	35.55	41.96	47.92	49.09	44.37	45.52	60.3	64.75
EBITDA Margin (%)	-41.22	3.65	-28.53	-44.64	-61.16	-41.58	-35.91	-53.11	-73.05	-63.93	-38.99	-11.27	-11.55
Operating Margin (%)	-45.8	0.42	-31.43	-47.55	-64.56	-44.49	-43.22	-55.31	-74.85	-65.96	-41.22	-13.1	-13.44
Incremental Operating Margin (%)	- -	24.91	- -	- -	1,187.77	43.13	- -	- -	- -	- -	36.13	36.45	- -
Pretax Margin (%)	-67.26	-3.23	-36.92	-47.14	-65.44	-49.61	-40.63	-58.73	-75.32	-66.67	-40.14	-11.18	-11.63
Profit Margin (%)	-67.26	-3.23	-36.92	-47.21	-65.65	-49.74	-41.29	-58.76	-75.42	-66.79	-40.16	-11.22	-9.03
Net Income to Common Margin (%)	-67.26	-3.23	-36.92	-47.21	-65.65	-49.74	-41.29	-58.76	-75.42	-66.79	-40.16	-11.22	-9.03
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-68.9	-208.7	-445.14	-80.31	-60.07	-82.79	-80.62	-59.11	-19.42	-14.32

Credit (USD)

Credit Ratios API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	24	27	42	50	123	124	156	281	397	446	442	187	214
ST Debt	2	2	42	50	50	50	56	57	56	88	92	91	96
LT Debt	22	24	- -	- -	73	73	100	224	341	358	350	97	118
Total Debt/EBITDA	-1.07	4.61	-0.78	-0.52	-0.96	-1.15	-1.44	-1.35	-0.87	-0.85	-1.05	-0.98	-0.8
Net Debt/EBITDA	0.27	-10.38	-0.24	-0.36	-0.86	-0.72	-0.57	-0.98	-0.54	0.2	0.66	4.52	3.74
Total Debt/EBIT	-0.96	40.32	-0.7	-0.49	-0.91	-1.08	-1.34	-1.3	-0.85	-0.82	-0.99	-0.84	-0.69
Net Debt/EBIT	0.24	-90.77	-0.22	-0.34	-0.82	-0.67	-0.53	-0.94	-0.53	0.19	0.62	3.89	3.21
EBITDA to Interest Expense	-1.9	1.38	-15.49	-178	-30.43	-8.11	-10.15	-13.77	-55.02	-56.27	-33.4	-17.91	-65.48
EBITDA-CapEx/Interest Expense	-2.6	-0.98	-17.73	-221.41	-32.77	-8.41	-10.62	-15.07	-59.96	-61.38	-36.5	-25.1	-99.68
EBIT to Interest Expense	-2.12	0.16	-17.07	-189.59	-32.12	-8.68	-12.22	-14.34	-56.37	-58.06	-35.31	-20.8	-76.16
Interest Expense	12	4	4	1	4	13	11	15	8	9	13	11	4
Common Equity/Total Assets	-287.17	-138.59	69.66	50.54	11.84	11.99	47.83	52.16	52.84	50.61	53.09	71.98	71.4
Long-Term Debt/Equity (%)	- -	- -	- -	- -	287.47	228.09	35.86	46.01	52.26	50.76	45.73	8.08	6.92
Long-Term Debt/Capital (%)	-15.26	-16.93	- -	- -	49.17	47.12	23	29.16	32.5	31.1	28.99	6.99	6.15
Long-Term Debt/Total Assets (%)	37.61	19.8	- -	- -	34.05	27.35	17.15	24	27.61	25.69	24.27	5.82	4.94
Total Debt/Equity (%)	-14.17	-15.65	22.78	46.61	484.62	384.02	55.91	57.81	60.8	63.23	57.75	15.65	12.52
Total Debt/Capital (%)	-16.51	-18.55	18.55	31.79	82.9	79.34	35.86	36.63	37.81	38.74	36.61	13.53	11.13
Total Debt/Total Assets (%)	40.7	21.69	15.87	23.55	57.39	46.06	26.74	30.16	32.13	32	30.66	11.27	8.94
Net Debt to Equity	3.61	35.23	7.11	32.28	434.97	239.73	22.19	41.93	37.66	-14.75	-36.42	-72.38	-58.15
Net Debt/Capital (%)	3.48	26.05	6.64	24.4	81.31	70.57	16.6	28.37	25.47	-15.18	-49.32	-198.01	-117.07
EBITDA	-23	6	-54	-95	-128	-107	-109	-208	-457	-524	-422	-191	-266
EBITDA-CapEx	-31	-4	-62	-118	-138	-111	-114	-227	-498	-572	-461	-268	-406
Operating Income (Loss)	-25	1	-60	-101	-135	-115	-131	-216	-468	-541	-446	-222	-310

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.29	2.92	2.86	1.52	1.13	1.35	2.45	3.7	4.18	2.89	2.86	2.81	2.44
Current Ratio	2.08	3.56	3.12	1.81	1.71	2.11	2.91	4.33	4.99	3.9	4.1	4	3.39
Quick Ratio	1.58	3.12	2.94	1.65	1.54	1.9	2.75	4.1	4.73	3.68	3.77	3.73	3.11
CFO/Avg Current Liab	- -	0.39	-0.69	-0.84	-0.97	-0.64	-0.43	-0.96	-1.6	-1.63	-0.8	0.42	0.55
Common Equity/Total Assets	-287.17	-138.59	69.66	50.54	11.84	11.99	47.83	52.16	52.84	50.61	53.09	71.98	71.4
Long-Term Debt/Equity (%)	- -	- -	- -	- -	287.47	228.09	35.86	46.01	52.26	50.76	45.73	8.08	6.92
Long-Term Debt/Capital (%)	-15.26	-16.93	- -	- -	49.17	47.12	23	29.16	32.5	31.1	28.99	6.99	6.15
Long-Term Debt/Total Assets (%)	37.61	19.8	- -	- -	34.05	27.35	17.15	24	27.61	25.69	24.27	5.82	4.94
Total Debt/Equity (%)	-14.17	-15.65	22.78	46.61	484.62	384.02	55.91	57.81	60.8	63.23	57.75	15.65	12.52
Total Debt/Capital (%)	-16.51	-18.55	18.55	31.79	82.9	79.34	35.86	36.63	37.81	38.74	36.61	13.53	11.13
Total Debt/Total Assets (%)	40.7	21.69	15.87	23.55	57.39	46.06	26.74	30.16	32.13	32	30.66	11.27	8.94
CFO/Total Liabilities	-10.44	3.56	-47.01	-71.06	-51.71	-29.91	-20.87	-40.93	-57.48	-62.65	-36.51	29.16	31.39
CFO/CapEx	-2.93	1.05	-4.82	-3.2	-9.91	-18.19	-12.77	-9.31	-8.17	-9.05	-6.3	1.76	1.55
Altman's Z-Score	-2.08	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.29

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	25.34	32.25	22.07	7.29	4.85	5.23	5.93	6.23	4.48	4.14	5.73	7.55
Days Sales Outstanding	- -	14.41	11.32	16.54	50.05	75.3	69.77	61.57	58.54	81.54	88.11	63.72	48.33
Inventory Turnover	- -	7.06	11.49	18.69	18.12	14.68	13.48	12.56	13.57	14.64	15.49	15.76	14.36
Days Inventory Outstanding	- -	51.67	31.75	19.53	20.15	24.87	27.07	29.06	26.9	24.93	23.57	23.16	25.41
Accounts Payable Turnover	- -	7.86	13.51	14.24	14.21	14.77	15.03	25.3	18.43	15.93	25.8	27.15	24.58
Accounts Payable Turnover Days	- -	46.41	27.02	25.64	25.68	24.72	24.29	14.43	19.81	22.91	14.15	13.44	14.85
Cash Conversion Cycle	- -	19.66	16.05	10.43	44.51	75.46	72.54	76.21	65.64	83.55	97.53	73.44	58.89
Inventory to Cash Days	- -	-37.26	-20.44	-2.99	29.9	50.43	42.7	32.51	31.64	56.61	64.55	40.56	22.92
Inventories	11	12	8	6	9	14	12	20	27	35	41	45	68
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	11	12	8	6	9	14	12	20	27	35	41	45	68

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	761	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32,006
- Cash & Cash Equivalents	30	87	29	15	13	46	62	49	84	466	642	946	1,076
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	24	27	42	50	123	124	156	281	397	446	442	187	214
Enterprise Value	755	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31,144
Total Capital	-147	-145	227	156	149	156	435	767	1,051	1,152	1,207	1,383	1,927
Total Debt/Capital (%)	-16.51	-18.55	18.55	31.79	82.9	79.34	35.86	36.63	37.81	38.74	36.61	13.53	11.13
Total Debt / EV	0.03	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.01
EV/Sales	13.69	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.5
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	625	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31,325
Diluted Enterprise Value	619	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	30,463
EV per Share	16.9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	222.95
TTM Sales	55	159	190	213	210	258	302	391	625	820	1,083	1,697	2,306
TTM EBITDA	-23	6	-54	-95	-128	-107	-109	-208	-457	-524	-422	-191	-266
TTM Operating Income	-25	1	-60	-101	-135	-115	-131	-216	-468	-541	-446	-222	-310
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	-19.31	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	411.56
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	755	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31,144
Low Price	11.53	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	222.51
EV/Sales	13.69	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.5
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	-4.44	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18.69
Price/Book Value Average	-3.89	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18.95
Price/Book Value High	-4.45	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	19.94
Price/Book Value Low	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18.15
Price/Tangible Book Value	-4.44	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26.72
Price/Tangible Book Value Average	-3.89	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	27.09
Price/Tangible Book Value High	-4.45	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	28.51
Price/Tangible Book Value Low	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.95
Price/Sales	11.33	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.58
Price/Sales Average	9.94	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.77
Price/Sales High	11.37	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.49
Price/Sales Low	7.67	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.19
Price/Cash Flow	-25.91	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	145.49
Price/Cash Flow Average	-22.72	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	147.48
Price/Cash Flow High	-25.99	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	155.23
Price/Cash Flow Low	-17.53	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	141.3
Price/Free Cash Flow Average	-16.94	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	417.18
Price/Free Cash Flow High	-19.37	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	439.09
Price/Free Cash Flow Low	-13.07	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	399.69
EV/Sales Average	11.99	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.69
EV/Sales High	13.73	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.43
EV/Sales Low	9.23	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.1
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	17.04	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	229.12
High Price	17.1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	244.44
Enterprise Value Average	662	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31,582
Enterprise Value High	758	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33,285
Enterprise Value Low	509	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	30,221

Shares Outstanding	45	45	50	53	54	62	78	86	95	111	120	133	140
Diluted Weighted Avg Shares	37	37	26	52	54	58	70	81	91	98	115	125	137
Basic Weighted Avg Shares	37	37	26	52	53	58	70	81	91	98	115	125	137
Revenue per Share	1.5	4.34	7.26	4.12	3.93	4.45	4.35	4.83	6.91	8.33	9.41	13.61	16.87
EBITDA per Share	-0.62	0.16	-2.07	-1.84	-2.4	-1.85	-1.56	-2.56	-5.05	-5.33	-3.67	-1.53	-1.95
Operating Income per Share	-0.69	0.02	-2.28	-1.96	-2.54	-1.98	-1.88	-2.67	-5.17	-5.5	-3.88	-1.78	-2.27
Basic EPS, GAAP	-1.01	-0.14	-2.68	-1.95	-2.58	-2.22	-1.79	-2.84	-5.21	-5.57	-3.78	-1.53	-1.52
Basic EPS from Cont Ops	-1.01	-0.14	-2.68	-1.95	-2.58	-2.22	-1.79	-2.84	-5.21	-5.57	-3.78	-1.53	-1.52
Diluted EPS, GAAP	-1.01	-0.14	-2.68	-1.95	-2.57	-2.22	-1.79	-2.84	-5.21	-5.57	-3.78	-1.53	-1.52
Diluted EPS from Cont Ops	-1.01	-0.14	-2.68	-1.95	-2.57	-2.22	-1.79	-2.84	-5.21	-5.57	-3.78	-1.53	-1.52
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.66	0.29	-1.44	-1.44	-1.83	-1.22	-0.91	-2.25	-3.7	-4.38	-2.15	1.09	1.57
Free Cash Flow per Basic Share	-0.88	0.01	-1.74	-1.88	-2.02	-1.29	-0.98	-2.49	-4.15	-4.87	-2.49	0.47	0.56
Cash & Equivalents per Share	0.68	1.95	4.58	2.77	2.2	2.48	5.65	8.55	9.61	8.08	7.35	7.3	7.7
Book Value per Share	-3.84	-3.83	3.67	2.02	0.47	0.52	3.57	5.64	6.87	6.34	6.4	9.01	12.26
Tangible Book Value per Share	-3.84	-3.83	3.67	2.02	0.47	0.52	3.57	5.64	6.87	6.34	6.4	8.93	8.57

Natera, Inc.

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Per Share Data Items (USD)