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Side-by-side financial comparison of Natera, Inc. (NTRA) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $566.0M, roughly 1.2× WillScot Holdings Corp). Natera, Inc. runs the higher net margin — 7.1% vs -33.1%, a 40.2% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $37.8M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% CAGR vs -1.8%).
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...
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
NTRA vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $665.5M | $566.0M |
| Net Profit | $47.3M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | -3.4% | -32.5% |
| Net Margin | 7.1% | -33.1% |
| Revenue YoY | 39.8% | -6.1% |
| Net Profit YoY | 187.9% | -310.0% |
| EPS (diluted) | $0.36 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $592.2M | $566.8M | ||
| Q2 25 | $546.6M | $589.1M | ||
| Q1 25 | $501.8M | $559.6M | ||
| Q4 24 | $476.1M | $602.5M | ||
| Q3 24 | $439.8M | $601.4M | ||
| Q2 24 | $413.4M | $604.6M | ||
| Q1 24 | $367.7M | $587.2M |
| Q4 25 | $47.3M | $-187.3M | ||
| Q3 25 | $-87.5M | $43.3M | ||
| Q2 25 | $-100.9M | $47.9M | ||
| Q1 25 | $-66.9M | $43.1M | ||
| Q4 24 | $-53.8M | $89.2M | ||
| Q3 24 | $-31.6M | $-70.5M | ||
| Q2 24 | $-37.5M | $-46.9M | ||
| Q1 24 | $-67.6M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | -3.4% | -32.5% | ||
| Q3 25 | -16.5% | 21.0% | ||
| Q2 25 | -20.2% | 21.5% | ||
| Q1 25 | -15.8% | 21.3% | ||
| Q4 24 | -13.6% | 28.9% | ||
| Q3 24 | -8.9% | -5.9% | ||
| Q2 24 | -10.6% | -0.9% | ||
| Q1 24 | -20.2% | 22.1% |
| Q4 25 | 7.1% | -33.1% | ||
| Q3 25 | -14.8% | 7.6% | ||
| Q2 25 | -18.5% | 8.1% | ||
| Q1 25 | -13.3% | 7.7% | ||
| Q4 24 | -11.3% | 14.8% | ||
| Q3 24 | -7.2% | -11.7% | ||
| Q2 24 | -9.1% | -7.7% | ||
| Q1 24 | -18.4% | 9.6% |
| Q4 25 | $0.36 | $-1.02 | ||
| Q3 25 | $-0.64 | $0.24 | ||
| Q2 25 | $-0.74 | $0.26 | ||
| Q1 25 | $-0.50 | $0.23 | ||
| Q4 24 | $-0.41 | $0.48 | ||
| Q3 24 | $-0.26 | $-0.37 | ||
| Q2 24 | $-0.30 | $-0.25 | ||
| Q1 24 | $-0.56 | $0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $1.7B | $856.3M |
| Total Assets | $2.4B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.6M | ||
| Q3 25 | $1.0M | $14.8M | ||
| Q2 25 | $16.0M | $12.8M | ||
| Q1 25 | $17.8M | $10.7M | ||
| Q4 24 | $22.7M | $9.0M | ||
| Q3 24 | $29.5M | $11.0M | ||
| Q2 24 | $90.3M | $5.9M | ||
| Q1 24 | $69.1M | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $1.7B | $856.3M | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $878.5M | $1.1B | ||
| Q2 24 | $836.5M | $1.2B | ||
| Q1 24 | $794.1M | $1.3B |
| Q4 25 | $2.4B | $5.8B | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | $6.1B | ||
| Q1 25 | $1.7B | $6.0B | ||
| Q4 24 | $1.7B | $6.0B | ||
| Q3 24 | $1.6B | $6.0B | ||
| Q2 24 | $1.5B | $6.0B | ||
| Q1 24 | $1.5B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $37.8M | $149.7M |
| FCF MarginFCF / Revenue | 5.7% | 26.5% |
| Capex IntensityCapex / Revenue | 5.4% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | $109.1M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.9M | $158.9M | ||
| Q3 25 | $59.4M | $191.2M | ||
| Q2 25 | $37.6M | $205.3M | ||
| Q1 25 | $44.5M | $206.6M | ||
| Q4 24 | $52.9M | $178.9M | ||
| Q3 24 | $51.8M | $-1.6M | ||
| Q2 24 | $4.0M | $175.6M | ||
| Q1 24 | $27.0M | $208.7M |
| Q4 25 | $37.8M | $149.7M | ||
| Q3 25 | $37.0M | $186.9M | ||
| Q2 25 | $11.7M | $199.0M | ||
| Q1 25 | $22.6M | $202.0M | ||
| Q4 24 | $34.8M | $176.6M | ||
| Q3 24 | $35.5M | $-4.9M | ||
| Q2 24 | $-7.7M | $169.4M | ||
| Q1 24 | $6.7M | $202.1M |
| Q4 25 | 5.7% | 26.5% | ||
| Q3 25 | 6.2% | 33.0% | ||
| Q2 25 | 2.1% | 33.8% | ||
| Q1 25 | 4.5% | 36.1% | ||
| Q4 24 | 7.3% | 29.3% | ||
| Q3 24 | 8.1% | -0.8% | ||
| Q2 24 | -1.9% | 28.0% | ||
| Q1 24 | 1.8% | 34.4% |
| Q4 25 | 5.4% | 1.6% | ||
| Q3 25 | 3.8% | 0.7% | ||
| Q2 25 | 4.7% | 1.1% | ||
| Q1 25 | 4.3% | 0.8% | ||
| Q4 24 | 3.8% | 0.4% | ||
| Q3 24 | 3.7% | 0.6% | ||
| Q2 24 | 2.8% | 1.0% | ||
| Q1 24 | 5.5% | 1.1% |
| Q4 25 | 1.56× | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NTRA
Segment breakdown not available.
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
