WallStSmart

Adaptive Biotechnologies Corp (ADPT)vsNatera Inc (NTRA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Natera Inc generates 747% more annual revenue ($2.50B vs $295.41M). NTRA leads profitability with a -9.1% profit margin vs -16.8%. NTRA earns a higher WallStSmart Score of 31/100 (F).

ADPT

Avoid

30

out of 100

Grade: F

Growth: 7.3Profit: 2.0Value: 6.7Quality: 6.0
Piotroski: 5/9Altman Z: -2.53

NTRA

Avoid

31

out of 100

Grade: F

Growth: 8.0Profit: 2.0Value: 5.0Quality: 6.8
Piotroski: 3/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ADPTUndervalued (+50.3%)

Margin of Safety

+50.3%

Fair Value

$31.45

Current Price

$16.90

$14.55 discount

UndervaluedFair: $31.45Overvalued

Intrinsic value data unavailable for NTRA.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ADPT1 strengths · Avg: 10.0/10
Revenue GrowthGrowth
35.1%10/10

Revenue surging 35.1% year-over-year

NTRA2 strengths · Avg: 9.5/10
Revenue GrowthGrowth
38.8%10/10

Revenue surging 38.8% year-over-year

Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

Areas to Watch

ADPT4 concerns · Avg: 3.0/10
Price/BookValuation
12.4x4/10

Trading at 12.4x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Return on EquityProfitability
-23.0%2/10

ROE of -23.0% — below average capital efficiency

Free Cash FlowQuality
$-10.33M2/10

Negative free cash flow — burning cash

NTRA4 concerns · Avg: 3.3/10
Price/BookValuation
17.3x4/10

Trading at 17.3x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-12.8%2/10

ROE of -12.8% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : ADPT

The strongest argument for ADPT centers on Revenue Growth. Revenue growth of 35.1% demonstrates continued momentum.

Bull Case : NTRA

The strongest argument for NTRA centers on Revenue Growth, Debt/Equity. Revenue growth of 38.8% demonstrates continued momentum.

Bear Case : ADPT

The primary concerns for ADPT are Price/Book, EPS Growth, Return on Equity.

Bear Case : NTRA

The primary concerns for NTRA are Price/Book, EPS Growth, Piotroski F-Score.

Key Dynamics to Monitor

ADPT carries more volatility with a beta of 2.15 — expect wider price swings.

NTRA is growing revenue faster at 38.8% — sustainability is the question.

NTRA generates stronger free cash flow (18M), providing more financial flexibility.

Monitor DIAGNOSTICS & RESEARCH industry trends, competitive dynamics, and regulatory changes.

Bottom Line

NTRA scores higher overall (31/100 vs 30/100) and 38.8% revenue growth. ADPT offers better value entry with a 50.3% margin of safety. Both earn "Avoid" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Adaptive Biotechnologies Corp

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

Adaptive Biotechnologies Corporation, a commercial-stage company, develops an immune medicine platform for the diagnosis and treatment of various diseases. The company is headquartered in Seattle, Washington.

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Natera Inc

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

Natera, Inc., a diagnostic company, develops and markets molecular testing services globally. The company is headquartered in San Carlos, California.

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