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 Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
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 |
Net Income | -68.7 | -986.2 | -328.5 | -25.2 | 186.2 | 98 |
Depreciation & Amortization | 72.8 | 72.1 | 81 | 77.6 | 85.5 | 108.7 |
Other Amortization | 6.9 | 6.9 | 16.5 | 11.7 | - | - |
Asset Writedown & Restructuring Costs | - | 799.2 | 4.8 | - | 9.8 | 57.6 |
Stock-Based Compensation | 50.8 | 74.4 | 58.4 | 42.7 | 25.4 | 27.5 |
Provision & Write-off of Bad Debts | 2.5 | 12 | 22.2 | 27.8 | 3.4 | - |
Other Operating Activities | -8 | 20.4 | -20.8 | -10.8 | 12.5 | 5.2 |
Change in Accounts Receivable | 26.2 | 70.9 | 309.9 | -53.4 | -108.4 | -187.6 |
Change in Accounts Payable | 3.5 | -109.9 | 7.2 | 55.3 | 24.8 | -6.2 |
Change in Unearned Revenue | 111.2 | 114.8 | 140 | -2.2 | -30.1 | 39.6 |
Change in Other Net Operating Assets | 4.6 | 38.9 | -73.1 | 22.8 | -134.5 | 27 |
Operating Cash Flow | 201.8 | 113.5 | 262.8 | 168.4 | 82.7 | 169.8 |
Operating Cash Flow Growth | 13353.33% | -56.81% | 56.06% | 103.63% | -51.30% | -15.48% |
Investing Activities
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 |
Capital Expenditures | -32.8 | -25.2 | -25.5 | -40.3 | -54.4 | -26.5 |
Sale of Property, Plant & Equipment | 2 | - | 0.5 | 8.5 | 0.4 | 0.3 |
Divestitures | - | 39.6 | 276.6 | - | - | - |
Investing Cash Flow | -30.8 | 14.4 | 251.6 | -31.8 | -54 | -26.2 |
Financing Activities
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 |
Short-Term Debt Issued | - | 453.9 | 826.5 | 164 | - | - |
Long-Term Debt Issued | - | - | - | 1,631 | - | - |
Total Debt Issued | - | 453.9 | 826.5 | 1,795 | - | - |
Short-Term Debt Repaid | - | -453.9 | -826.5 | -164 | - | - |
Long-Term Debt Repaid | - | -75.7 | -482.7 | -15.4 | - | - |
Total Debt Repaid | -75.7 | -529.6 | -1,309 | -179.4 | - | - |
Net Debt Issued (Repaid) | -75.7 | -75.7 | -482.7 | 1,616 | - | - |
Repurchase of Common Stock | - | - | -14.4 | - | - | - |
Other Financing Activities | - | -0.6 | -0.7 | -1,757 | -6.3 | -128.5 |
Financing Cash Flow | -75.7 | -76.3 | -497.8 | -140.8 | -6.3 | -128.5 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | -6 | 4.5 | -6.7 | 2.4 | -6.6 | -0.8 |
Net Cash Flow | 89.3 | 56.1 | 9.9 | -1.8 | 15.8 | 14.3 |
Free Cash Flow
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 |
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% |
Free Cash Flow Margin | 6.34% | 3.24% | 8.80% | 4.51% | 1.00% | 4.69% |
Free Cash Flow Per Share | 1.79 | 0.97 | 2.65 | 1.44 | 0.32 | 1.61 |
Levered Free Cash Flow | 250.69 | 196.05 | 421.65 | 133.49 | -43.38 | 195.45 |
Unlevered Free Cash Flow | 300.81 | 252.18 | 486.83 | 177.05 | -43.25 | 195.58 |
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 |
Cash Interest Paid | 77.8 | 91.2 | 109.6 | 45.1 | 0.4 | 0.2 |
Cash Income Tax Paid | 14.5 | 16.9 | 53.7 | 18 | 27 | 16.1 |
Change in Working Capital | 145.5 | 114.7 | 384 | 22.5 | -248.2 | -127.2 |