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Side-by-side financial comparison of Natera, Inc. (NTRA) and StoneX Group Inc. (SNEX). Click either name above to swap in a different company.
StoneX Group Inc. is the larger business by last-quarter revenue ($1.2B vs $665.5M, roughly 1.8× Natera, Inc.). StoneX Group Inc. runs the higher net margin — 11.6% vs 7.1%, a 4.5% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 39.8%). Natera, Inc. produced more free cash flow last quarter ($37.8M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% CAGR vs 34.5%).
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...
StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).
NTRA vs SNEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $665.5M | $1.2B |
| Net Profit | $47.3M | $139.0M |
| Gross Margin | — | — |
| Operating Margin | -3.4% | 15.4% |
| Net Margin | 7.1% | 11.6% |
| Revenue YoY | 39.8% | 81.0% |
| Net Profit YoY | 187.9% | 63.3% |
| EPS (diluted) | $0.36 | $2.50 |
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 | $665.5M | $1.2B | ||
| Q3 25 | $592.2M | $32.7B | ||
| Q2 25 | $546.6M | $851.2M | ||
| Q1 25 | $501.8M | $820.4M | ||
| Q4 24 | $476.1M | $663.1M | ||
| Q3 24 | $439.8M | $31.1B | ||
| Q2 24 | $413.4M | $571.8M | ||
| Q1 24 | $367.7M | $509.2M |
| Q4 25 | $47.3M | $139.0M | ||
| Q3 25 | $-87.5M | $85.7M | ||
| Q2 25 | $-100.9M | $63.4M | ||
| Q1 25 | $-66.9M | $71.7M | ||
| Q4 24 | $-53.8M | $85.1M | ||
| Q3 24 | $-31.6M | $76.7M | ||
| Q2 24 | $-37.5M | $61.9M | ||
| Q1 24 | $-67.6M | $53.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -3.4% | 15.4% | ||
| Q3 25 | -16.5% | 0.3% | ||
| Q2 25 | -20.2% | -1.3% | ||
| Q1 25 | -15.8% | -1.0% | ||
| Q4 24 | -13.6% | -3.2% | ||
| Q3 24 | -8.9% | -0.0% | ||
| Q2 24 | -10.6% | -4.7% | ||
| Q1 24 | -20.2% | -2.5% |
| Q4 25 | 7.1% | 11.6% | ||
| Q3 25 | -14.8% | 0.3% | ||
| Q2 25 | -18.5% | 7.4% | ||
| Q1 25 | -13.3% | 8.7% | ||
| Q4 24 | -11.3% | 12.8% | ||
| Q3 24 | -7.2% | 0.2% | ||
| Q2 24 | -9.1% | 10.8% | ||
| Q1 24 | -18.4% | 10.4% |
| Q4 25 | $0.36 | $2.50 | ||
| Q3 25 | $-0.64 | $0.72 | ||
| Q2 25 | $-0.74 | $1.22 | ||
| Q1 25 | $-0.50 | $1.41 | ||
| Q4 24 | $-0.41 | $1.69 | ||
| Q3 24 | $-0.26 | $2.32 | ||
| Q2 24 | $-0.30 | $1.25 | ||
| Q1 24 | $-0.56 | $1.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $2.5B |
| Total Assets | $2.4B | $47.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.6B | ||
| Q3 25 | $1.0M | $1.6B | ||
| Q2 25 | $16.0M | $1.3B | ||
| Q1 25 | $17.8M | $1.3B | ||
| Q4 24 | $22.7M | $1.4B | ||
| Q3 24 | $29.5M | $1.3B | ||
| Q2 24 | $90.3M | $1.2B | ||
| Q1 24 | $69.1M | $1.3B |
| Q4 25 | $1.7B | $2.5B | ||
| Q3 25 | $1.3B | $2.4B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $878.5M | $1.7B | ||
| Q2 24 | $836.5M | $1.6B | ||
| Q1 24 | $794.1M | $1.5B |
| Q4 25 | $2.4B | $47.8B | ||
| Q3 25 | $1.8B | $45.3B | ||
| Q2 25 | $1.8B | $34.3B | ||
| Q1 25 | $1.7B | $31.3B | ||
| Q4 24 | $1.7B | $29.6B | ||
| Q3 24 | $1.6B | $27.5B | ||
| Q2 24 | $1.5B | $25.9B | ||
| Q1 24 | $1.5B | $25.7B |
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 | $73.9M | $-1.3B |
| Free Cash FlowOCF − Capex | $37.8M | $-1.3B |
| FCF MarginFCF / Revenue | 5.7% | -106.4% |
| Capex IntensityCapex / Revenue | 5.4% | 1.3% |
| Cash ConversionOCF / Net Profit | 1.56× | -9.08× |
| TTM Free Cash FlowTrailing 4 quarters | $109.1M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.9M | $-1.3B | ||
| Q3 25 | $59.4M | $3.5B | ||
| Q2 25 | $37.6M | $1.5B | ||
| Q1 25 | $44.5M | $-154.5M | ||
| Q4 24 | $52.9M | $-477.8M | ||
| Q3 24 | $51.8M | $192.6M | ||
| Q2 24 | $4.0M | $-622.1M | ||
| Q1 24 | $27.0M | $784.0M |
| Q4 25 | $37.8M | $-1.3B | ||
| Q3 25 | $37.0M | $3.5B | ||
| Q2 25 | $11.7M | $1.5B | ||
| Q1 25 | $22.6M | $-169.8M | ||
| Q4 24 | $34.8M | $-491.4M | ||
| Q3 24 | $35.5M | $175.9M | ||
| Q2 24 | $-7.7M | $-640.5M | ||
| Q1 24 | $6.7M | $766.6M |
| Q4 25 | 5.7% | -106.4% | ||
| Q3 25 | 6.2% | 10.7% | ||
| Q2 25 | 2.1% | 173.3% | ||
| Q1 25 | 4.5% | -20.7% | ||
| Q4 24 | 7.3% | -74.1% | ||
| Q3 24 | 8.1% | 0.6% | ||
| Q2 24 | -1.9% | -112.0% | ||
| Q1 24 | 1.8% | 150.5% |
| Q4 25 | 5.4% | 1.3% | ||
| Q3 25 | 3.8% | 0.1% | ||
| Q2 25 | 4.7% | 1.9% | ||
| Q1 25 | 4.3% | 1.9% | ||
| Q4 24 | 3.8% | 2.1% | ||
| Q3 24 | 3.7% | 0.1% | ||
| Q2 24 | 2.8% | 3.2% | ||
| Q1 24 | 5.5% | 3.4% |
| Q4 25 | 1.56× | -9.08× | ||
| Q3 25 | — | 41.18× | ||
| Q2 25 | — | 23.52× | ||
| Q1 25 | — | -2.15× | ||
| Q4 24 | — | -5.61× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | -10.05× | ||
| Q1 24 | — | 14.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
