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Side-by-side financial comparison of Natera, Inc. (NTRA) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $661.7M, roughly 1.0× SouthState Bank Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs 7.1%, a 27.0% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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...
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
NTRA vs SSB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $665.5M | $661.7M |
| Net Profit | $47.3M | $225.8M |
| Gross Margin | — | — |
| Operating Margin | -3.4% | 15.1% |
| Net Margin | 7.1% | 34.1% |
| Revenue YoY | 39.8% | — |
| Net Profit YoY | 187.9% | 153.5% |
| EPS (diluted) | $0.36 | $2.28 |
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.
| Q1 26 | — | $661.7M | ||
| Q4 25 | $665.5M | $581.1M | ||
| Q3 25 | $592.2M | $599.7M | ||
| Q2 25 | $546.6M | $577.9M | ||
| Q1 25 | $501.8M | $544.5M | ||
| Q4 24 | $476.1M | $369.8M | ||
| Q3 24 | $439.8M | $351.5M | ||
| Q2 24 | $413.4M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $47.3M | $247.7M | ||
| Q3 25 | $-87.5M | $246.6M | ||
| Q2 25 | $-100.9M | $215.2M | ||
| Q1 25 | $-66.9M | $89.1M | ||
| Q4 24 | $-53.8M | $144.2M | ||
| Q3 24 | $-31.6M | $143.2M | ||
| Q2 24 | $-37.5M | $132.4M |
| Q1 26 | — | 15.1% | ||
| Q4 25 | -3.4% | 54.3% | ||
| Q3 25 | -16.5% | 53.6% | ||
| Q2 25 | -20.2% | 48.8% | ||
| Q1 25 | -15.8% | 22.3% | ||
| Q4 24 | -13.6% | 50.7% | ||
| Q3 24 | -8.9% | 53.1% | ||
| Q2 24 | -10.6% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 7.1% | 42.6% | ||
| Q3 25 | -14.8% | 41.1% | ||
| Q2 25 | -18.5% | 37.2% | ||
| Q1 25 | -13.3% | 16.4% | ||
| Q4 24 | -11.3% | 39.0% | ||
| Q3 24 | -7.2% | 40.7% | ||
| Q2 24 | -9.1% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $0.36 | $2.47 | ||
| Q3 25 | $-0.64 | $2.42 | ||
| Q2 25 | $-0.74 | $2.11 | ||
| Q1 25 | $-0.50 | $0.87 | ||
| Q4 24 | $-0.41 | $1.88 | ||
| Q3 24 | $-0.26 | $1.86 | ||
| Q2 24 | $-0.30 | $1.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $9.0B |
| Total Assets | $2.4B | $68.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| 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 26 | — | $9.0B | ||
| Q4 25 | $1.7B | $9.1B | ||
| Q3 25 | $1.3B | $9.0B | ||
| Q2 25 | $1.2B | $8.8B | ||
| Q1 25 | $1.2B | $8.6B | ||
| Q4 24 | $1.2B | $5.9B | ||
| Q3 24 | $878.5M | $5.9B | ||
| Q2 24 | $836.5M | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $2.4B | $67.2B | ||
| Q3 25 | $1.8B | $66.0B | ||
| Q2 25 | $1.8B | $65.9B | ||
| Q1 25 | $1.7B | $65.1B | ||
| Q4 24 | $1.7B | $46.4B | ||
| Q3 24 | $1.6B | $46.1B | ||
| Q2 24 | $1.5B | $45.5B |
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 | $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.
| Q1 26 | — | — | ||
| Q4 25 | $73.9M | $232.1M | ||
| Q3 25 | $59.4M | $122.4M | ||
| Q2 25 | $37.6M | $72.6M | ||
| Q1 25 | $44.5M | $-126.3M | ||
| Q4 24 | $52.9M | $354.3M | ||
| Q3 24 | $51.8M | $-246.8M | ||
| Q2 24 | $4.0M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $37.8M | $215.5M | ||
| Q3 25 | $37.0M | $101.7M | ||
| Q2 25 | $11.7M | $52.5M | ||
| Q1 25 | $22.6M | $-139.1M | ||
| Q4 24 | $34.8M | $340.9M | ||
| Q3 24 | $35.5M | $-254.2M | ||
| Q2 24 | $-7.7M | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 37.1% | ||
| Q3 25 | 6.2% | 17.0% | ||
| Q2 25 | 2.1% | 9.1% | ||
| Q1 25 | 4.5% | -25.5% | ||
| Q4 24 | 7.3% | 92.2% | ||
| Q3 24 | 8.1% | -72.3% | ||
| Q2 24 | -1.9% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 2.9% | ||
| Q3 25 | 3.8% | 3.5% | ||
| Q2 25 | 4.7% | 3.5% | ||
| Q1 25 | 4.3% | 2.4% | ||
| Q4 24 | 3.8% | 3.6% | ||
| Q3 24 | 3.7% | 2.1% | ||
| Q2 24 | 2.8% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.94× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | -1.72× | ||
| Q2 24 | — | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NTRA
Segment breakdown not available.
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
