COMP <GO>
ILMN vs NTRA // EV/EBITDA & P/E VALUATION
Illumina Inc. (NASDAQ) VS. Natera Inc. (NASDAQ) • 15-METRIC TALLY: ILMN 6
— NTRA 5
■ METRIC PARITY
LAST: $235.99 (-18.64%) • MKT CAP: $43.80B
valuation
47.5x
LAST: $414.30 (-4.98%) • MKT CAP: $62.85B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ILMN VS. NTRA)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ILMN | NTRA | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 66.10% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 18.20% | -4.90% | +23.10 | ILMN | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 47.5x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.13% | 0.17% | +1.96 | ILMN | /fcf-yield <GO> |
| Operating Margin | 18.60% | -13.40% | +32.00 | ILMN | /operating-margins <GO> |
| Net Profit Margin | 19.60% | -9.00% | +28.60 | ILMN | /net-margins <GO> |
| Revenue Growth (YoY) | -0.70% | 35.90% | -36.60 | NTRA | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 9.52 | 26.00 | -16.48 | NTRA | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 7/9 | +1.00 | ILMN | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 57.1 | 64.0 | -6.90 | NTRA | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.16 | 1.09 | +0.07 | ILMN | /macro-sensitivity <GO> |
| Forward P/E Multiple | 47.9x | 18.0x | +29.90 | NTRA | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $43.80B | $62.85B | -$19.05B | NTRA | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ILMN REV | NTRA REV | ILMN GROSS % | NTRA GROSS % | ILMN FCF | NTRA FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $4.34B | $2.31B | 66.1% | — | $931.0M | $109.1M |
| FY 2024 | $4.37B | $1.70B | 65.4% | — | $709.0M | $69.2M |
| FY 2023 | $4.50B | $1.08B | — | — | $275.3M | -$295.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ILMN // BETA 1.16
NTRA // BETA 1.09