Natera vs RadNet
Natera reported revenue of $2.3 billion in fiscal 2025, about the same as RadNet's $2.0 billion in fiscal 2025. Natera's revenue grew 35.9% in its latest year, and RadNet's grew 11.5%. Natera had an operating margin of -13.4%, against 3.0% at RadNet. Free cash flow was $109 million at Natera and $86 million at RadNet.
Side by side
| Natera | RadNet | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.3B | $2.0B |
| Revenue growth | 35.9% | 11.5% |
| Revenue growth a year, last 5 years | 42.6% | 13.7% |
| Gross margin | — | — |
| Operating margin | −13.4% | 3.0% |
| Net margin | −9.0% | −0.9% |
| Free cash flow | $109M | $86M |
| Free cash flow margin | 4.7% | 4.2% |
| Return on capital | — | 2.1% |
| Net debt to EBITDA | — | 1.5x |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 9.6% | 0.6% |
| Last close | $310.67 | $76.00 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $340.5 million | sold $12.3 million |
| Piotroski F-score | — | 3 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
NateraRadNet
Operating margin
Percent of revenue
NateraRadNet
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
NateraRadNet