Natera [NTRA] vs Waters [WAT] Detailed Stock Comparison

Natera Inc.

NASDAQ
Loading...

Waters Corporation

NYSE
Loading...

TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Natera Inc. wins in 4 metrics, Waters Corporation wins in 14 metrics, with 0 ties. Waters Corporation appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Natera Inc. Waters Corporation Better
P/E Ratio (TTM) N/A 28.90 N/A
Price-to-Book Ratio 15.75 7.24 Waters Corporation
Debt-to-Equity Ratio 12.52 60.28 Natera Inc.
PEG Ratio -272.56 -9.39 Waters Corporation
EV/EBITDA -97.62 28.78 Waters Corporation
Profit Margin (TTM) -9.03% 20.30% Waters Corporation
Operating Margin (TTM) -3.42% 33.76% Waters Corporation
EBITDA Margin (TTM) N/A 33.76% N/A
Return on Equity -14.32% 29.28% Waters Corporation
Return on Assets (TTM) -9.54% 11.52% Waters Corporation
Free Cash Flow (TTM) $76.11M $539.81M Waters Corporation
1-Year Return 28.26% 3.87% Natera Inc.
Price-to-Sales Ratio (TTM) 11.86 9.65 Waters Corporation
Enterprise Value $26.50B $31.49B Waters Corporation
EV/Revenue Ratio 11.49 9.95 Waters Corporation
Gross Profit Margin (TTM) 66.93% 61.08% Natera Inc.
Revenue per Share (TTM) $17 $53 Waters Corporation
Earnings per Share (Diluted) $-1.52 $10.77 Waters Corporation
Beta (Stock Volatility) 1.68 1.20 Waters Corporation
Short % of Float 2.43% 3.38% Natera Inc.

Natera Inc. vs Waters Corporation Stock Performance Analysis

Loading Price Chart...

NTRA
WAT

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Natera Inc.0.51%-1.50%3.85%11.43%-8.57%-7.33%
Waters Corporation0.63%-1.54%8.67%23.36%-7.18%-6.34%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Natera Inc.28.26%322.03%106.13%1,750.52%1,078.17%1,078.17%
Waters Corporation3.87%32.07%3.74%165.28%286.07%736.74%

Performance & Financial Health Analysis: Natera Inc. vs Waters Corporation

MetricNTRAWAT
Market Information
Market Cap i$27.36B$30.55B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i1,322,470809,747
90 Day Avg. Volume i1,333,993944,136
Last Close$171.86$357.76
52 Week Range$92.14 - $183.00$275.05 - $414.15
% from 52W High-6.09%-13.62%
All-Time High$183.00 (Jan 13, 2025)$428.22 (Sep 06, 2021)
% from All-Time High-6.09%-16.45%
Growth Metrics
Quarterly Revenue Growth0.40%0.07%
Quarterly Earnings GrowthN/A-0.03%
Financial Health
Profit Margin (TTM) i-0.09%0.20%
Operating Margin (TTM) i-0.03%0.34%
Return on Equity (TTM) i-0.14%0.29%
Debt to Equity (MRQ) i12.5260.28
Cash & Liquidity
Book Value per Share (MRQ)$12.26$43.01
Cash per Share (MRQ)$7.59$5.99
Operating Cash Flow (TTM) i$215.30M$652.56M
Levered Free Cash Flow (TTM) i$141.02M$427.16M
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/A$0.00

Valuation & Enterprise Metrics Analysis: Natera Inc. vs Waters Corporation

MetricNTRA (Apr 13, 2026)WAT (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) iN/A28.90
Forward P/E i-272.5619.04
PEG Ratio i-272.56-9.39
Price to Sales (TTM) i11.869.65
Price to Book (MRQ) i15.757.24
Market Capitalization
Market Capitalization i$27.36B$30.55B
Enterprise Value i$26.50B$31.49B
Enterprise Value Metrics
Enterprise to Revenue i11.499.95
Enterprise to EBITDA i-97.6228.78
Risk & Other Metrics
Beta i1.681.20
Book Value per Share (MRQ) i$12.26$43.01

Financial Statements Comparison: Natera Inc. vs Waters Corporation

Financial Metrics

Loading Financial Charts...

Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricNTRA (2025)WAT (2025)
Revenue/Sales i2.31B3.17B
Cost of Goods Sold i812.93M1.29B
COGS % of Revenue i35.3%40.7%
Gross Profit i1.49B1.88B
Gross Margin i64.7%59.3%
Research & Development i624.11M195.71M
Operating Income (EBIT) i-309.91M802.59M
Operating Margin i-13.4%25.4%
EBITDA i-220.54M1.03B
EBITDA Margin i-9.6%32.6%
Pre-Tax Income i-268.09M754.88M
Pre-Tax Income % of Revenue i-11.6%23.8%
Income Tax i-59.93M112.25M
Income Tax % of Revenue i-2.6%3.5%
Net Income (Profit) i-208.16M642.63M
Profit Margin i-9.0%20.3%

Balance Sheet & Liquidity Metrics

MetricNTRA (2025)WAT (2025)
Cash & Equivalents i1.08B587.83M
Total Current Assets i1.50B2.15B
Total Current Assets % of Revenue i64.9%67.8%
Total Current Liabilities i441.23M1.24B
Total Current Liabilities % of Revenue i19.1%39.2%
Long-Term Debt i118.47M999.99M
Long-Term Debt % of Revenue i5.1%31.6%
Total Shareholders Equity i1.71B2.56B
Retained Earnings i-2.78B10.43B
Retained Earnings % of Revenue i-120.4%329.6%
Property, Plant & Equipment i108.54M824.49M

Cash Flow Statement Comparison

MetricNTRA (2025)WAT (2025)
Operating Cash Flow i135.51M652.56M
Operating Cash Flow % of Revenue i5.9%20.6%
Capital Expenditures i-106.19M-112.75M
Free Cash Flow i76.11M539.81M
FCF Margin i3.3%17.1%
Debt Repayment i0-290.00M
Common Stock Repurchase iN/A-14.67M

Short Interest & Institutional Ownership Analysis

MetricNTRAWAT
Shares Short i3.31M3.32M
Short Ratio i2.762.98
Short % of Float i2.43%3.38%
Shares Outstanding i139.69M59.55M
Float Shares i137.44M97.96M
% Held by Insiders i3.07%0.11%
% Held by Institutions i94.58%63.35%
% Held by Public i2.35%36.54%

Dividend Analysis & Yield Comparison: Natera Inc. vs Waters Corporation

MetricNTRAWAT
Last 12-Month Dividend iN/A$0.00
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/A$0.00
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/A$0.00
Ex-Dividend DateN/AN/A