Fortrea Holdings Inc. (FTRE)

NASDAQ: FTRE · Real-Time Price · USD

20.46

-0.37 (-1.78%)

At close: Nov 5, 2026, 4:00 PM EST

20.12

-0.34 (-1.67%)

After-hours: Nov 5, 2026, 7:30 PM EST

Fortrea Holdings Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,667	2,723	2,696	2,843	2,837	3,058
Revenue Growth	-3.38%	1.00%	-5.14%	0.19%	-7.21%	18.49%
Gross Profit	533.4	503.8	534.2	590.6	724.4	604.4
Operating Income	45.3	-30.6	-111.8	53.2	222.8	192.6
Net Income	-68.7	-986.2	-328.5	-25.2	186.2	98
Earnings Per Share	-0.73	-10.81	-3.67	-0.28	2.10	1.10
EPS Growth	-	-	-	-	90.62%	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
North America	1,246	1,290	1,270	1,398	1,416	1,650
Europe	875.3	851.7	800	827.5	841.9	868.4
Other Geographic	545.8	582.1	626.9	616.6	579.6	539.5
Revenue (Total)	2,667	2,723	2,696	2,843	2,837	3,058

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	220.6	174.6	118.5	108.6	112	94.6
Total Debt	1,119	1,117	1,199	1,675	63.4	77.2
Net Cash (Debt)	-897.9	-942.6	-1,081	-1,566	48.6	17.4
Net Cash Growth	-	-	-	-	179.31%	-
Net Cash Per Share	-9.53	-10.34	-12.07	-17.64	0.55	0.20

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	201.8	113.5	262.8	168.4	82.7	169.8
Capital Expenditures	-32.8	-25.2	-25.5	-40.3	-54.4	-26.5
Free Cash Flow	169	88.3	237.3	128.1	28.3	143.3
Free Cash Flow Growth	-	-62.79%	85.25%	352.65%	-80.25%	-18.99%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	20.00%	18.50%	19.81%	20.78%	25.53%	19.77%
Operating Margin	1.70%	-1.12%	-4.15%	1.87%	7.85%	6.30%
Pretax Margin	-1.98%	-36.09%	-10.20%	-1.07%	6.59%	4.46%
Profit Margin	-2.58%	-36.21%	-12.18%	-0.89%	6.56%	3.21%
FCF Margin	6.34%	3.24%	8.80%	4.51%	1.00%	4.69%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	21.46	25.49	15.30	34.63	-	-
P/FCF Ratio	11.68	18.05	7.05	24.19	-	-
PS Ratio	0.74	0.59	0.62	1.09	-	-