Fortrea Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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%
Cost of Revenue	2,133	2,220	2,162	2,252	2,113	2,453
Gross Profit	533.4	503.8	534.2	590.6	724.4	604.4
Selling, General & Admin	409.4	456.4	560.7	448.1	416.1	303.1
Operating Expenses	488.1	534.4	646	537.4	501.6	411.8
Operating Income	45.3	-30.6	-111.8	53.2	222.8	192.6
Interest Expense	-81.8	-91.4	-123.8	-69.7	-0.2	-0.2
Currency Exchange Gain (Loss)	15.7	-26.9	-10.6	0.3	-2	20.2
Other Non Operating Income (Expenses)	0.6	7.9	21.3	6.9	2.1	2.1
EBT Excluding Unusual Items	-20.2	-141	-224.9	-9.3	222.7	214.7
Merger & Restructuring Charges	-32.5	-44.1	-50.1	-21.2	-25.9	-20.7
Impairment of Goodwill	-	-797.9	-	-	-	-
Asset Writedown	-	-	-	-	-9.8	-57.6
Pretax Income	-52.7	-983	-275	-30.5	187	136.4
Income Tax Expense	16	3.2	-3.5	1.2	41.1	38.4
Earnings From Continuing Operations	-68.7	-986.2	-271.5	-31.7	145.9	98
Earnings From Discontinued Operations	-	-	-57	6.5	40.3	-
Net Income	-68.7	-986.2	-328.5	-25.2	186.2	98
Net Income to Common	-68.7	-986.2	-328.5	-25.2	186.2	98
Net Income Growth	-	-	-	-	90.00%	-
Shares Outstanding (Basic)	94	91	90	89	89	89
Shares Outstanding (Diluted)	94	91	90	89	89	89
Shares Change	4.20%	1.90%	0.79%	-	-	-
EPS (Basic)	-0.73	-10.81	-3.67	-0.28	2.10	1.10
EPS (Diluted)	-0.73	-10.81	-3.67	-0.28	2.10	1.10
EPS Growth	-	-	-	-	90.62%	-

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
Free Cash Flow	169	88.3	237.3	128.1	28.3	143.3
Free Cash Flow Per Share	1.79	0.97	2.65	1.44	0.32	1.61
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%
Profit Margin	-2.58%	-36.21%	-12.18%	-0.89%	6.56%	3.21%
Free Cash Flow Margin	6.34%	3.24%	8.80%	4.51%	1.00%	4.69%
EBITDA	118.1	41.5	-30.8	130.8	308.3	301.3
EBITDA Margin	4.43%	1.52%	-1.14%	4.60%	10.87%	9.85%
D&A For EBITDA	72.8	72.1	81	77.6	85.5	108.7
EBIT	45.3	-30.6	-111.8	53.2	222.8	192.6
EBIT Margin	1.70%	-1.12%	-4.15%	1.87%	7.85%	6.30%
Effective Tax Rate	-	-	-	-	21.98%	28.15%

SEC Filings: 10-K · 10-Q