Fortrea Holdings Inc. (FTRE)

Fortrea Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,723	2,696	2,723	2,696	2,843
Revenue Growth (YoY)	1.00%	-0.99%	1.00%	-5.14%	10.16%
Cost of Revenue	2,220	2,162	2,220	2,162	2,252
Gross Profit	503.8	534.2	503.8	534.2	590.6
Selling, General & Admin	456.4	560.7	456.4	560.7	448.1
Depreciation & Amortization Expenses	78	85.3	78	85.3	89.3
Other Operating Expenses	842	50.1	842	50.1	21.2
Total Operating Expenses	1,376	696.1	1,376	696.1	558.6
Operating Income	-872.6	-161.9	-872.6	-161.9	32
Interest Expense	-91.4	-123.8	-91.4	-123.8	-69.7
Other Non-Operating Income (Expense)	-19	10.7	-19	10.7	7.2
Total Non-Operating Income (Expense)	-110.4	-113.1	-110.4	-113.1	-62.5
Pretax Income	-983	-275	-983	-275	-30.5
Provision for Income Taxes	3.2	-3.5	3.2	-3.5	1.2
Net Income	-986.2	-328.5	-986.2	-328.5	-25.2
Earnings From Discontinued Operations	-	-57	-	-57	6.5
Net Income to Common	-986.2	-328.5	-986.2	-328.5	-25.2
Shares Outstanding (Basic)	91	90	89	89	89
Shares Outstanding (Diluted)	91	90	89	89	89
Shares Change (YoY)	1.90%	0.79%	-	-	-
EPS (Basic)	-10.81	-3.67	-0.29	1.64	1.10
EPS (Diluted)	-10.81	-3.67	-0.29	1.64	1.10
EPS Growth	-	-	-	49.09%	-
Free Cash Flow	88.3	237.3	128.1	28.3	143.3
Free Cash Flow Growth	-62.79%	85.25%	352.65%	-80.25%	-18.99%
Free Cash Flow Per Share	0.97	2.65	1.44	0.32	1.61
Gross Margin	18.50%	19.81%	18.50%	19.81%	20.78%
Operating Margin	-32.04%	-6.00%	-32.04%	-6.00%	1.13%
Profit Margin	-36.21%	-10.07%	-36.21%	-10.07%	-1.12%
FCF Margin	3.24%	8.80%	4.70%	1.05%	5.04%
EBITDA	-794.6	-75	-774.6	-68.3	198.3
EBITDA Margin	-29.18%	-2.78%	-28.44%	-2.53%	6.98%
EBIT	-872.6	-161.9	-872.6	-161.9	32
EBIT Margin	-32.04%	-6.00%	-32.04%	-6.00%	1.13%
Effective Tax Rate	-0.33%	1.27%	-0.33%	1.27%	-3.93%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q