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Natera vs Fortrea Holdings: NTRA and FTRE compared
Natera is the larger company: $794M of revenue in its latest quarter (Q3 2026) against $692M for Fortrea Holdings (Q3 2026). Natera is growing faster (+34% against -1% a year earlier). Fortrea Holdings is more profitable, with an operating margin of 2.2% against -8.6%.
Where the money goes: NTRA and FTRE
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.
Fortrea Holdings (FTRE) · Q3 2026
Fortrea Holdings, Q3 2026: revenue $692M (-1% year over year), operating margin 2.2%, net earnings $600K, operating cash flow $60.8M. The chart follows the revenue to costs, profit and cash.
| Natera (NTRA) | Fortrea Holdings (FTRE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $794M | $692M |
| Revenue growth, Y/Y | +34% | -1% |
| Operating margin | -8.6% | 2.2% |
| Net earnings | −$59.9M | $600K |
| Net margin | -7.5% | 0.1% |
| Operating cash flow | $43.9M | $60.8M |
| Free cash flow | $5.3M | $52.5M |
| Market value | $44.8B | $2.2B |
| Analysts’ mean target | $416.39 | $23.62 |
Where the revenue comes from
Natera
- Product revenues: $790M (99%)
- Licensing and other revenues: $4.0M (1%)
Questions
Which is bigger, Natera or Fortrea Holdings?
Natera is the larger company: $794M of revenue in its latest quarter (Q3 2026) against $692M for Fortrea Holdings (Q3 2026).
Is Natera or Fortrea Holdings growing faster?
Natera is growing faster (+34% against -1% a year earlier).
Which is more profitable, Natera or Fortrea Holdings?
Fortrea Holdings is more profitable, with an operating margin of 2.2% against -8.6%.
More: Natera earnings · how Natera makes money · Fortrea Holdings earnings · how Fortrea Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.