WallStSmart

BillionToOne, Inc. Class A Common Stock (BLLN)vsNatera Inc (NTRA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Natera Inc generates 581% more annual revenue ($2.71B vs $397.41M). BLLN leads profitability with a 8.3% profit margin vs -7.1%. BLLN earns a higher WallStSmart Score of 38/100 (F).

BLLN

Hold

38

out of 100

Grade: F

Growth: 8.0Profit: 5.5Value: 4.0Quality: 8.5
Piotroski: 4/9Altman Z: 2.78

NTRA

Avoid

31

out of 100

Grade: F

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

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BLLN2 strengths · Avg: 9.5/10
Revenue GrowthGrowth
64.4%10/10

Revenue surging 64.4% year-over-year

Debt/EquityHealth
0.279/10

Conservative balance sheet, low leverage

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

BLLN4 concerns · Avg: 3.3/10
Price/BookValuation
8.6x4/10

Trading at 8.6x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Return on EquityProfitability
5.0%3/10

ROE of 5.0% — below average capital efficiency

P/E RatioValuation
139.1x2/10

Premium valuation, high expectations priced in

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 : BLLN

The strongest argument for BLLN centers on Revenue Growth, Debt/Equity. Revenue growth of 64.4% 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 : BLLN

The primary concerns for BLLN are Price/Book, EPS Growth, Return on Equity. A P/E of 139.1x leaves little room for execution misses.

Bear Case : NTRA

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

Key Dynamics to Monitor

BLLN is growing revenue faster at 64.4% — sustainability is the question.

BLLN generates stronger free cash flow (5M), providing more financial flexibility.

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

Bottom Line

BLLN scores higher overall (38/100 vs 31/100) and 64.4% revenue growth. Both earn "Hold" 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.

BillionToOne, Inc. Class A Common Stock

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

BillionToOne, Inc., a precision diagnostics company, quantifies biology to create molecular diagnostics. The company is headquartered in Menlo Park, California.

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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