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 Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
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 |
Cash & Equivalents | 220.6 | 174.6 | 118.5 | 108.6 | 112 | 94.6 |
Cash & Short-Term Investments | 220.6 | 174.6 | 118.5 | 108.6 | 112 | 94.6 |
Cash Growth | 68.01% | 47.34% | 9.12% | -3.04% | 18.39% | 17.81% |
Accounts Receivable | 641.1 | 589.7 | 659.5 | 988.5 | 1,022 | 927 |
Other Receivables | - | 30.3 | 34.5 | 22 | 29.2 | 22.8 |
Receivables | 641.1 | 620 | 694 | 1,011 | 1,051 | 949.8 |
Prepaid Expenses | 90.4 | 65 | 58.5 | 34.1 | 32.7 | - |
Other Current Assets | 0.6 | 37.6 | 77.2 | 97.6 | 50.8 | 73.1 |
Total Current Assets | 952.7 | 897.2 | 948.2 | 1,251 | 1,247 | 1,118 |
Property, Plant & Equipment | 158.6 | 149.5 | 156.3 | 172.6 | 164.9 | 162.6 |
Goodwill | 949.9 | 960 | 1,710 | 1,739 | 1,997 | 2,081 |
Other Intangible Assets | 572 | 622 | 655.7 | 728.1 | 823.3 | 935.5 |
Long-Term Deferred Tax Assets | 6.2 | 6.2 | 5.2 | 3.2 | 1.2 | 1.4 |
Long-Term Deferred Charges | - | 21.4 | 18.7 | - | - | - |
Other Long-Term Assets | 98.8 | 59.4 | 84.7 | 438.5 | 54.3 | 70.8 |
Total Assets | 2,738 | 2,716 | 3,579 | 4,333 | 4,288 | 4,369 |
Liabilities
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 |
Accounts Payable | 53 | 29.7 | 138.2 | 132.9 | 81.5 | 60.5 |
Accrued Expenses | 364.7 | 285.2 | 254.4 | 248 | 256.1 | 364.5 |
Current Portion of Long-Term Debt | 23.5 | 6 | 75 | 26.1 | - | - |
Current Portion of Leases | 9.3 | 9.2 | 13.4 | 17.2 | 23.3 | 24 |
Current Income Taxes Payable | - | 59 | 52.7 | 60 | 39.5 | 40.5 |
Current Unearned Revenue | 525.5 | 473.8 | 353.3 | 214.2 | 271.5 | 307 |
Other Current Liabilities | 7.3 | 50.4 | 62.5 | 80 | 27.1 | 30.2 |
Total Current Liabilities | 983.3 | 913.3 | 949.5 | 778.4 | 699 | 826.7 |
Long-Term Debt | 1,032 | 1,048 | 1,050 | 1,569 | - | - |
Long-Term Leases | 53.8 | 54 | 60.6 | 62.8 | 40.1 | 53.2 |
Pension & Post-Retirement Benefits | - | - | - | 1.2 | 2.1 | 4.6 |
Long-Term Deferred Tax Liabilities | 97.1 | 97.6 | 121.7 | 147.7 | 184.5 | 210.3 |
Other Long-Term Liabilities | 39.8 | 39.3 | 34.9 | 59.9 | 19.6 | 13.3 |
Total Liabilities | 2,206 | 2,152 | 2,217 | 2,619 | 945.3 | 1,108 |
Shareholders' Equity
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 |
Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 3,619 | 3,409 |
Additional Paid-In Capital | 2,153 | 2,117 | 2,042 | 1,998 | - | - |
Retained Earnings | -1,419 | -1,383 | -397 | -68.5 | - | - |
Comprehensive Income & Other | -201 | -170 | -282.9 | -215.5 | -276 | -148.4 |
Shareholders' Equity | 532.3 | 563.5 | 1,362 | 1,714 | 3,343 | 3,261 |
Total Liabilities & Equity | 2,738 | 2,716 | 3,579 | 4,333 | 4,288 | 4,369 |
Additional Metrics
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 |
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 |
Filing Date Shares Outstanding | 96.5 | 93.5 | 90.2 | 89.4 | 88.8 | 88.8 |
Total Common Shares Outstanding | 96.5 | 93.1 | 89.7 | 88.8 | 88.8 | 88.8 |
Working Capital | -30.6 | -16.1 | -1.3 | 472.4 | 547.9 | 290.8 |
Book Value Per Share | 5.52 | 6.05 | 15.19 | 19.30 | 37.64 | - |
Tangible Book Value | -989.6 | -1,019 | -1,004 | -753.4 | 522 | 244.2 |
Tangible Book Value Per Share | -10.25 | -10.94 | -11.19 | -8.48 | 5.88 | - |
Land | - | - | - | - | 14.6 | 15.5 |
Buildings | - | 81.4 | 82.2 | 77.8 | - | - |
Machinery | - | 81.8 | 80.2 | 82.1 | 83 | 80.7 |
Construction In Progress | - | 23.9 | 9.5 | 9.6 | 41.4 | 12.2 |
Leasehold Improvements | - | - | - | - | 30 | 31.9 |
Order Backlog | - | 7,700 | - | - | - | - |