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Natera, Inc.（NTRA）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Natera, Inc.的季度营收约是Reddit, Inc.的1.0倍（$665.5M vs $663.0M），Reddit, Inc.净利率更高（30.8% vs 7.1%，领先23.7%），Reddit, Inc.同比增速更快（69.0% vs 39.8%），Reddit, Inc.自由现金流更多（$311.0M vs $37.8M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs 34.5%）
Natera是总部位于美国得克萨斯州奥斯汀的临床基因检测企业，主打无创游离DNA（cfDNA）检测技术，业务覆盖女性健康、肿瘤及器官健康三大核心赛道。其自研专利技术结合前沿分子生物学手段与生物信息学工具矩阵，可实现单管血液样本中低至单个分子级别的高灵敏度检测。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
NTRA vs RDDT — 直观对比
营收规模更大
NTRA
是对方的1.0倍
$663.0M
营收增速更快
RDDT
高出29.2%
39.8%
净利率更高
RDDT
高出23.7%
7.1%
自由现金流更多
RDDT
多$273.2M
$37.8M
两年增速更快
RDDT
近两年复合增速
34.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $663.0M |
| 净利润 | $47.3M | $204.0M |
| 毛利率 | — | 100.0% |
| 营业利润率 | -3.4% | 0.0% |
| 净利率 | 7.1% | 30.8% |
| 营收同比 | 39.8% | 69.0% |
| 净利润同比 | 187.9% | 680.0% |
| 每股收益（稀释后） | $0.36 | $1.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NTRARDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $665.5M | $725.6M | ||
| Q3 25 | $592.2M | $584.9M | ||
| Q2 25 | $546.6M | $499.6M | ||
| Q1 25 | $501.8M | $392.4M | ||
| Q4 24 | $476.1M | $427.7M | ||
| Q3 24 | $439.8M | $348.4M | ||
| Q2 24 | $413.4M | $281.2M |
净利润NTRARDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $47.3M | $251.6M | ||
| Q3 25 | $-87.5M | $162.7M | ||
| Q2 25 | $-100.9M | $89.3M | ||
| Q1 25 | $-66.9M | $26.2M | ||
| Q4 24 | $-53.8M | $71.0M | ||
| Q3 24 | $-31.6M | $29.9M | ||
| Q2 24 | $-37.5M | $-10.1M |
毛利率NTRARDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% |
营业利润率NTRARDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | -3.4% | 31.9% | ||
| Q3 25 | -16.5% | 23.7% | ||
| Q2 25 | -20.2% | 13.6% | ||
| Q1 25 | -15.8% | 1.0% | ||
| Q4 24 | -13.6% | 12.4% | ||
| Q3 24 | -8.9% | 2.0% | ||
| Q2 24 | -10.6% | -11.0% |
净利率NTRARDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 7.1% | 34.7% | ||
| Q3 25 | -14.8% | 27.8% | ||
| Q2 25 | -18.5% | 17.9% | ||
| Q1 25 | -13.3% | 6.7% | ||
| Q4 24 | -11.3% | 16.6% | ||
| Q3 24 | -7.2% | 8.6% | ||
| Q2 24 | -9.1% | -3.6% |
每股收益（稀释后）NTRARDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $0.36 | $1.24 | ||
| Q3 25 | $-0.64 | $0.80 | ||
| Q2 25 | $-0.74 | $0.45 | ||
| Q1 25 | $-0.50 | $0.13 | ||
| Q4 24 | $-0.41 | $4.76 | ||
| Q3 24 | $-0.26 | $0.16 | ||
| Q2 24 | $-0.30 | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $3.2B |
| 总资产 | $2.4B | $3.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NTRARDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $953.6M | ||
| Q3 25 | $1.0M | $911.7M | ||
| Q2 25 | $16.0M | $734.1M | ||
| Q1 25 | $17.8M | $635.7M | ||
| Q4 24 | $22.7M | $562.1M | ||
| Q3 24 | $29.5M | $515.9M | ||
| Q2 24 | $90.3M | $468.0M |
股东权益NTRARDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $878.5M | $2.0B | ||
| Q2 24 | $836.5M | $1.9B |
总资产NTRARDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $2.4B | $3.2B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.8B | $2.6B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.5B | $2.1B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $73.9M | — |
| 自由现金流经营现金流 - 资本支出 | $37.8M | $311.0M |
| 自由现金流率自由现金流/营收 | 5.7% | 46.9% |
| 资本支出强度资本支出/营收 | 5.4% | — |
| 现金转化率经营现金流/净利润 | 1.56× | — |
| 过去12个月自由现金流最近4个季度 | $109.1M | $868.6M |
8季度趋势，按日历期对齐
经营现金流NTRARDDT
| Q1 26 | — | — | ||
| Q4 25 | $73.9M | $266.8M | ||
| Q3 25 | $59.4M | $185.2M | ||
| Q2 25 | $37.6M | $111.3M | ||
| Q1 25 | $44.5M | $127.6M | ||
| Q4 24 | $52.9M | $90.0M | ||
| Q3 24 | $51.8M | $71.6M | ||
| Q2 24 | $4.0M | $28.4M |
自由现金流NTRARDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $37.8M | $263.6M | ||
| Q3 25 | $37.0M | $183.1M | ||
| Q2 25 | $11.7M | $110.8M | ||
| Q1 25 | $22.6M | $126.6M | ||
| Q4 24 | $34.8M | $89.2M | ||
| Q3 24 | $35.5M | $70.3M | ||
| Q2 24 | $-7.7M | $27.2M |
自由现金流率NTRARDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 5.7% | 36.3% | ||
| Q3 25 | 6.2% | 31.3% | ||
| Q2 25 | 2.1% | 22.2% | ||
| Q1 25 | 4.5% | 32.3% | ||
| Q4 24 | 7.3% | 20.8% | ||
| Q3 24 | 8.1% | 20.2% | ||
| Q2 24 | -1.9% | 9.7% |
资本支出强度NTRARDDT
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 0.4% | ||
| Q3 25 | 3.8% | 0.4% | ||
| Q2 25 | 4.7% | 0.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 3.8% | 0.2% | ||
| Q3 24 | 3.7% | 0.4% | ||
| Q2 24 | 2.8% | 0.4% |
现金转化率NTRARDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
