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Side-by-side financial comparison of BioNTech SE (BNTX) and Natera, Inc. (NTRA). Click either name above to swap in a different company.

BioNTech SE is the larger business by last-quarter revenue ($1.5B vs $665.5M, roughly 2.3× Natera, Inc.). Natera, Inc. runs the higher net margin — 7.1% vs -1.9%, a 9.0% gap on every dollar of revenue.

BioNTech SE is a German multinational biotechnology company headquartered in Mainz that develops immunotherapies and vaccines, particularly for cancer and infectious diseases.

Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...

BNTX vs NTRA — Head-to-Head

Bigger by revenue
BNTX
BNTX
2.3× larger
BNTX
$1.5B
$665.5M
NTRA
Higher net margin
NTRA
NTRA
9.0% more per $
NTRA
7.1%
-1.9%
BNTX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BNTX
BNTX
NTRA
NTRA
Revenue
$1.5B
$665.5M
Net Profit
$-28.7M
$47.3M
Gross Margin
Operating Margin
-3.1%
-3.4%
Net Margin
-1.9%
7.1%
Revenue YoY
39.8%
Net Profit YoY
187.9%
EPS (diluted)
$0.36

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BNTX
BNTX
NTRA
NTRA
Q4 25
$665.5M
Q3 25
$1.5B
$592.2M
Q2 25
$260.8M
$546.6M
Q1 25
$501.8M
Q4 24
$476.1M
Q3 24
$1.2B
$439.8M
Q2 24
$413.4M
Q1 24
$367.7M
Net Profit
BNTX
BNTX
NTRA
NTRA
Q4 25
$47.3M
Q3 25
$-28.7M
$-87.5M
Q2 25
$-386.6M
$-100.9M
Q1 25
$-66.9M
Q4 24
$-53.8M
Q3 24
$198.1M
$-31.6M
Q2 24
$-37.5M
Q1 24
$-67.6M
Operating Margin
BNTX
BNTX
NTRA
NTRA
Q4 25
-3.4%
Q3 25
-3.1%
-16.5%
Q2 25
-192.1%
-20.2%
Q1 25
-15.8%
Q4 24
-13.6%
Q3 24
0.8%
-8.9%
Q2 24
-10.6%
Q1 24
-20.2%
Net Margin
BNTX
BNTX
NTRA
NTRA
Q4 25
7.1%
Q3 25
-1.9%
-14.8%
Q2 25
-148.2%
-18.5%
Q1 25
-13.3%
Q4 24
-11.3%
Q3 24
15.9%
-7.2%
Q2 24
-9.1%
Q1 24
-18.4%
EPS (diluted)
BNTX
BNTX
NTRA
NTRA
Q4 25
$0.36
Q3 25
$-0.64
Q2 25
$-0.74
Q1 25
$-0.50
Q4 24
$-0.41
Q3 24
$-0.26
Q2 24
$-0.30
Q1 24
$-0.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BNTX
BNTX
NTRA
NTRA
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
Total Assets
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNTX
BNTX
NTRA
NTRA
Q4 25
Q3 25
$1.0M
Q2 25
$16.0M
Q1 25
$17.8M
Q4 24
$22.7M
Q3 24
$29.5M
Q2 24
$90.3M
Q1 24
$69.1M
Stockholders' Equity
BNTX
BNTX
NTRA
NTRA
Q4 25
$1.7B
Q3 25
$1.3B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$878.5M
Q2 24
$836.5M
Q1 24
$794.1M
Total Assets
BNTX
BNTX
NTRA
NTRA
Q4 25
$2.4B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.6B
Q2 24
$1.5B
Q1 24
$1.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNTX
BNTX
NTRA
NTRA
Operating Cash FlowLast quarter
$73.9M
Free Cash FlowOCF − Capex
$37.8M
FCF MarginFCF / Revenue
5.7%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
1.56×
TTM Free Cash FlowTrailing 4 quarters
$109.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNTX
BNTX
NTRA
NTRA
Q4 25
$73.9M
Q3 25
$59.4M
Q2 25
$37.6M
Q1 25
$44.5M
Q4 24
$52.9M
Q3 24
$51.8M
Q2 24
$4.0M
Q1 24
$27.0M
Free Cash Flow
BNTX
BNTX
NTRA
NTRA
Q4 25
$37.8M
Q3 25
$37.0M
Q2 25
$11.7M
Q1 25
$22.6M
Q4 24
$34.8M
Q3 24
$35.5M
Q2 24
$-7.7M
Q1 24
$6.7M
FCF Margin
BNTX
BNTX
NTRA
NTRA
Q4 25
5.7%
Q3 25
6.2%
Q2 25
2.1%
Q1 25
4.5%
Q4 24
7.3%
Q3 24
8.1%
Q2 24
-1.9%
Q1 24
1.8%
Capex Intensity
BNTX
BNTX
NTRA
NTRA
Q4 25
5.4%
Q3 25
3.8%
Q2 25
4.7%
Q1 25
4.3%
Q4 24
3.8%
Q3 24
3.7%
Q2 24
2.8%
Q1 24
5.5%
Cash Conversion
BNTX
BNTX
NTRA
NTRA
Q4 25
1.56×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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