WallStSmart

Adaptive Biotechnologies Corp (ADPT)vsNatera Inc (NTRA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Natera Inc generates 779% more annual revenue ($2.71B vs $308.08M). NTRA leads profitability with a -7.1% profit margin vs -20.7%. NTRA earns a higher WallStSmart Score of 31/100 (F).

ADPT

Avoid

28

out of 100

Grade: F

Growth: 6.7Profit: 2.0Value: 6.7Quality: 5.0
Piotroski: 5/9Altman Z: -2.53

NTRA

Avoid

31

out of 100

Grade: F

Growth: 8.0Profit: 2.0Value: 5.0Quality: 6.0
Piotroski: 3/9Altman Z: 0.82
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ADPTUndervalued (+51.0%)

Margin of Safety

+51.0%

Fair Value

$31.91

Current Price

$24.20

$7.71 discount

UndervaluedFair: $31.91Overvalued

Intrinsic value data unavailable for NTRA.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ADPT1 strengths · Avg: 8.0/10
Revenue GrowthGrowth
21.5%8/10

Revenue surging 21.5% year-over-year

NTRA2 strengths · Avg: 9.5/10
Revenue GrowthGrowth
37.7%10/10

Revenue surging 37.7% year-over-year

Debt/EquityHealth
0.139/10

Conservative balance sheet, low leverage

Areas to Watch

ADPT4 concerns · Avg: 2.5/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Price/BookValuation
26.9x2/10

Trading at 26.9x book value

Return on EquityProfitability
-23.0%2/10

ROE of -23.0% — below average capital efficiency

Free Cash FlowQuality
$-7.58M2/10

Negative free cash flow — burning cash

NTRA4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Price/BookValuation
25.9x2/10

Trading at 25.9x book value

Return on EquityProfitability
-10.6%2/10

ROE of -10.6% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : ADPT

The strongest argument for ADPT centers on Revenue Growth. Revenue growth of 21.5% demonstrates continued momentum.

Bull Case : NTRA

The strongest argument for NTRA centers on Revenue Growth, Debt/Equity. Revenue growth of 37.7% demonstrates continued momentum.

Bear Case : ADPT

The primary concerns for ADPT are EPS Growth, Price/Book, Return on Equity. Debt-to-equity of 2.87 is elevated, increasing financial risk.

Bear Case : NTRA

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

Key Dynamics to Monitor

ADPT profiles as a growth stock while NTRA is a hypergrowth play — different risk/reward profiles.

ADPT carries more volatility with a beta of 2.10 — expect wider price swings.

NTRA is growing revenue faster at 37.7% — sustainability is the question.

ADPT generates stronger free cash flow (-8M), providing more financial flexibility.

Bottom Line

NTRA scores higher overall (31/100 vs 28/100) and 37.7% revenue growth. ADPT offers better value entry with a 51.0% 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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