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Side-by-side financial comparison of DELUXE CORP (DLX) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $535.2M, roughly 1.2× DELUXE CORP). Natera, Inc. runs the higher net margin — 7.1% vs 2.2%, a 4.9% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 2.8%). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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...
DLX vs NTRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $665.5M |
| Net Profit | $12.0M | $47.3M |
| Gross Margin | 52.2% | — |
| Operating Margin | 8.9% | -3.4% |
| Net Margin | 2.2% | 7.1% |
| Revenue YoY | 2.8% | 39.8% |
| Net Profit YoY | -5.0% | 187.9% |
| EPS (diluted) | $0.25 | $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.
| Q4 25 | $535.2M | $665.5M | ||
| Q3 25 | $540.2M | $592.2M | ||
| Q2 25 | $521.3M | $546.6M | ||
| Q1 25 | $536.5M | $501.8M | ||
| Q4 24 | $520.6M | $476.1M | ||
| Q3 24 | $528.4M | $439.8M | ||
| Q2 24 | $537.8M | $413.4M | ||
| Q1 24 | $535.0M | $367.7M |
| Q4 25 | $12.0M | $47.3M | ||
| Q3 25 | $33.7M | $-87.5M | ||
| Q2 25 | $22.4M | $-100.9M | ||
| Q1 25 | $14.0M | $-66.9M | ||
| Q4 24 | $12.6M | $-53.8M | ||
| Q3 24 | $8.9M | $-31.6M | ||
| Q2 24 | $20.5M | $-37.5M | ||
| Q1 24 | $10.8M | $-67.6M |
| Q4 25 | 52.2% | — | ||
| Q3 25 | 53.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 52.4% | — | ||
| Q4 24 | 52.3% | — | ||
| Q3 24 | 53.3% | — | ||
| Q2 24 | 53.7% | — | ||
| Q1 24 | 53.0% | — |
| Q4 25 | 8.9% | -3.4% | ||
| Q3 25 | 14.0% | -16.5% | ||
| Q2 25 | 11.7% | -20.2% | ||
| Q1 25 | 9.0% | -15.8% | ||
| Q4 24 | 9.0% | -13.6% | ||
| Q3 24 | 7.9% | -8.9% | ||
| Q2 24 | 11.0% | -10.6% | ||
| Q1 24 | 8.3% | -20.2% |
| Q4 25 | 2.2% | 7.1% | ||
| Q3 25 | 6.2% | -14.8% | ||
| Q2 25 | 4.3% | -18.5% | ||
| Q1 25 | 2.6% | -13.3% | ||
| Q4 24 | 2.4% | -11.3% | ||
| Q3 24 | 1.7% | -7.2% | ||
| Q2 24 | 3.8% | -9.1% | ||
| Q1 24 | 2.0% | -18.4% |
| Q4 25 | $0.25 | $0.36 | ||
| Q3 25 | $0.74 | $-0.64 | ||
| Q2 25 | $0.50 | $-0.74 | ||
| Q1 25 | $0.31 | $-0.50 | ||
| Q4 24 | $0.28 | $-0.41 | ||
| Q3 24 | $0.20 | $-0.26 | ||
| Q2 24 | $0.46 | $-0.30 | ||
| Q1 24 | $0.24 | $-0.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.9M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $680.7M | $1.7B |
| Total Assets | $2.9B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | — | ||
| Q3 25 | $25.8M | $1.0M | ||
| Q2 25 | $26.0M | $16.0M | ||
| Q1 25 | $30.3M | $17.8M | ||
| Q4 24 | $34.4M | $22.7M | ||
| Q3 24 | $41.3M | $29.5M | ||
| Q2 24 | $23.1M | $90.3M | ||
| Q1 24 | $23.5M | $69.1M |
| Q4 25 | $680.7M | $1.7B | ||
| Q3 25 | $664.1M | $1.3B | ||
| Q2 25 | $638.7M | $1.2B | ||
| Q1 25 | $622.5M | $1.2B | ||
| Q4 24 | $620.9M | $1.2B | ||
| Q3 24 | $612.7M | $878.5M | ||
| Q2 24 | $620.5M | $836.5M | ||
| Q1 24 | $608.4M | $794.1M |
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.7B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $102.1M | $73.9M |
| Free Cash FlowOCF − Capex | — | $37.8M |
| FCF MarginFCF / Revenue | — | 5.7% |
| Capex IntensityCapex / Revenue | — | 5.4% |
| Cash ConversionOCF / Net Profit | 8.53× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $73.9M | ||
| Q3 25 | $67.1M | $59.4M | ||
| Q2 25 | $51.1M | $37.6M | ||
| Q1 25 | $50.3M | $44.5M | ||
| Q4 24 | $60.2M | $52.9M | ||
| Q3 24 | $67.9M | $51.8M | ||
| Q2 24 | $39.6M | $4.0M | ||
| Q1 24 | $26.6M | $27.0M |
| Q4 25 | — | $37.8M | ||
| Q3 25 | — | $37.0M | ||
| Q2 25 | $27.8M | $11.7M | ||
| Q1 25 | $24.3M | $22.6M | ||
| Q4 24 | — | $34.8M | ||
| Q3 24 | $46.7M | $35.5M | ||
| Q2 24 | $11.4M | $-7.7M | ||
| Q1 24 | $6.1M | $6.7M |
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | 5.3% | 2.1% | ||
| Q1 25 | 4.5% | 4.5% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 8.8% | 8.1% | ||
| Q2 24 | 2.1% | -1.9% | ||
| Q1 24 | 1.1% | 1.8% |
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | 4.5% | 4.7% | ||
| Q1 25 | 4.8% | 4.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | 4.0% | 3.7% | ||
| Q2 24 | 5.2% | 2.8% | ||
| Q1 24 | 3.8% | 5.5% |
| Q4 25 | 8.53× | 1.56× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 3.59× | — | ||
| Q4 24 | 4.77× | — | ||
| Q3 24 | 7.60× | — | ||
| Q2 24 | 1.94× | — | ||
| Q1 24 | 2.46× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
NTRA
Segment breakdown not available.
