Filing Flows › Comparisons › LH vs NTRA
Labcorp Holdings vs Natera: LH and NTRA compared
Labcorp Holdings is the larger company: $3.8B of revenue in its latest quarter (Q3 2026) against $794M for Natera (Q3 2026). Natera is growing faster (+34% against +7% a year earlier). Labcorp Holdings is more profitable, with an operating margin of 10.6% against -8.6%.
Where the money goes: LH and NTRA
Labcorp Holdings (LH) · Q3 2026
Labcorp Holdings, Q3 2026: revenue $3.8B (+7% year over year), operating margin 10.6%, net earnings $263M, operating cash flow $564M. The chart follows the revenue to costs, profit and cash.
Natera (NTRA) · Q3 2026
Natera, Q3 2026: revenue $794M (+34% year over year), operating margin -8.6%, net loss $59.9M, operating cash flow $43.9M. The chart follows the revenue to costs, profit and cash.
| Labcorp Holdings (LH) | Natera (NTRA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.8B | $794M |
| Revenue growth, Y/Y | +7% | +34% |
| Gross margin | 29.1% | — |
| Operating margin | 10.6% | -8.6% |
| Net earnings | $263M | −$59.9M |
| Net margin | 6.9% | -7.5% |
| Operating cash flow | $564M | $43.9M |
| Free cash flow | $412M | $5.3M |
| Market value | $29.6B | $44.8B |
| P/E | 29.8× | — |
| Analysts’ mean target | $387.25 | $416.39 |
Where the revenue comes from
Natera
- Product revenues: $790M (99%)
- Licensing and other revenues: $4.0M (1%)
Questions
Which is bigger, Labcorp Holdings or Natera?
Labcorp Holdings is the larger company: $3.8B of revenue in its latest quarter (Q3 2026) against $794M for Natera (Q3 2026).
Is Labcorp Holdings or Natera growing faster?
Natera is growing faster (+34% against +7% a year earlier).
Which is more profitable, Labcorp Holdings or Natera?
Labcorp Holdings is more profitable, with an operating margin of 10.6% against -8.6%.
More: Labcorp Holdings earnings · how Labcorp Holdings makes money · Natera earnings · how Natera makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.