Fortrea Holdings Inc.
Fortrea Holdings Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 169 | 148 | 175 | 131 | 81 | 102 | 119 | 105 | 126 | 93 | 109 | 108 | |||||
Assets Current | |||||||||||||||||
Assets Current | 924 | 882 | 897 | 919 | 960 | 970 | 948 | 937 | 888 | 1,200 | 1,251 | 1,258 | |||||
Prepaid Expense And Other Assets Current | 101 | 114 | 133 | 124 | 140 | 140 | 170 | 143 | 124 | 91 | 85 | 103 | |||||
Property Plant And Equipment Net | - | - | - | - | - | - | - | - | - | - | - | 219 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | - | - | - | - | 0 | 0 | 0 | 75 | 69 | - | |||||
Goodwill | 950 | 951 | 960 | 958 | 965 | 1,243 | 1,710 | 1,767 | 1,726 | 1,728 | 1,739 | 1,995 | |||||
Intangible Assets Net Excluding Goodwill | 587 | 602 | 622 | 635 | 654 | 651 | 656 | 691 | 692 | 708 | 728 | 774 | |||||
Deferred Income Tax Assets Net | 6 | 6 | 6 | 8 | 6 | 5 | 5 | 3 | 3 | 3 | 3 | 2 | |||||
Other Assets Noncurrent | 92 | 86 | 81 | 74 | 101 | 101 | 103 | 92 | 84 | 89 | 70 | 70 | |||||
Assets | 2,715 | 2,683 | 2,716 | 2,742 | 2,835 | 3,121 | 3,579 | 3,664 | 3,565 | 4,240 | 4,333 | 4,317 | |||||
Disposal Group Including Discontinued Operation As… | - | - | - | - | - | - | 0 | 0 | 0 | 345 | 369 | - | |||||
Liabilities And Stockhold… | |||||||||||||||||
Accounts Payable Current | 54 | 71 | 30 | 50 | 93 | 110 | 138 | 138 | 144 | 131 | 133 | 128 | |||||
Accrued Liabilities Current | 381 | 357 | 396 | 370 | 381 | 347 | 370 | 323 | 343 | 329 | 336 | 336 | |||||
Liabilities Current | |||||||||||||||||
Contract With Customer Liability Current | 503 | 481 | 474 | 412 | 382 | 364 | 353 | 321 | 248 | 237 | 214 | 265 | |||||
Liabilities Current | 964 | 929 | 913 | 914 | 942 | 999 | 950 | 796 | 749 | 818 | 778 | 775 | |||||
Long Term Debt Current | 17 | 11 | 5 | 75 | 75 | 164 | 75 | 0 | 0 | 55 | 26 | 26 | |||||
Operating Lease Liability Current | 9 | 9 | 9 | 9 | 12 | 14 | 13 | 14 | 14 | 15 | 17 | 20 | |||||
Long Term Debt Noncurrent | 1,037 | 1,043 | 1,048 | 1,052 | 1,101 | 1,050 | 1,050 | 1,125 | 1,124 | 1,559 | 1,566 | 1,572 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | - | - | - | - | - | 0 | 0 | 0 | 51 | 53 | - | |||||
Operating Lease Liability Noncurrent | 54 | 56 | 54 | 52 | 53 | 59 | 61 | 65 | 66 | 60 | 63 | 68 | |||||
Deferred Income Taxes And Other Tax Liabilities No… | 97 | 92 | 98 | 107 | 113 | 118 | 122 | 127 | 136 | 151 | 148 | 172 | |||||
Other Liabilities Noncurrent | 39 | 38 | 39 | 36 | 37 | 36 | 35 | 38 | 30 | 29 | 32 | 36 | |||||
Liabilities | 2,191 | 2,158 | 2,152 | 2,161 | 2,246 | 2,262 | 2,217 | 2,150 | 2,104 | 2,648 | 2,619 | 2,622 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Liabilities Of Disposal Group Including Discontinu… | - | - | - | - | - | - | 0 | 0 | 0 | 32 | 32 | - | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 2,141 | 2,128 | 2,117 | 2,102 | 2,080 | 2,057 | 2,042 | 2,027 | 2,018 | 2,003 | 1,998 | 1,988 | |||||
Retained Earnings Accumulated Deficit | -1,420 | -1,407 | -1,383 | -1,351 | -1,335 | -960 | -397 | -336 | -308 | -170 | -69 | -13 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -197 | -195 | -170 | -170 | -156 | -238 | -283 | -178 | -249 | -242 | -216 | -280 | |||||
Stockholders Equity | 524 | 526 | 564 | 581 | 589 | 859 | 1,362 | 1,514 | 1,461 | 1,592 | 1,714 | 1,691 | |||||
Liabilities And Stockholders Equity | 2,715 | 2,683 | 2,716 | 2,742 | 2,835 | 3,121 | 3,579 | 3,664 | 3,565 | 4,240 | 4,333 | 4,317 | |||||
Shares Outstanding | 95 | 95 | 93 | 92 | 91 | 91 | 90 | 90 | 90 | 89 | 89 | 89 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.92% | 21.47% | 34.34% | - | - | - | - | - | - | - | - | - |
| 2025 | 1.73% | 0.58% | 5.20% | 49.70% | 31.91% | 71.73% | 6.36% | 45.61% | 40.84% | -11.76% | -3.89% | 26.48% |
| 2024 | -6.18% | 1.76% | -1.53% | 0.25% | -6.24% | -15.92% | -10.43% | -17.62% | -24.34% | -22.64% | -42.97% | -60.89% |
| 2023 | - | - | - | -2.90% | 0.86% | 10.97% | -0.84% | 6.40% | -1.23% | 0.33% | -3.86% | -34.75% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.96 | 0.95 | 0.98 | 1.00 | 1.02 | 0.97 | 1.00 | 1.18 | 1.19 | 1.47 | 1.61 | 1.62 | |||||
| Quick Ratio | 0.85 | 0.83 | 0.84 | 0.87 | 0.87 | 0.83 | 0.82 | 1.00 | 1.02 | 1.35 | 1.50 | 1.49 | |||||
| Working Capital | -40.10M | -47.60M | -16.10M | 4.10M | 17.70M | -28.80M | -1.30M | 141.10M | 138.70M | 381.70M | 472.40M | 483.20M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 4.18 | 4.10 | 3.82 | 3.72 | 3.81 | 2.63 | 1.63 | 1.42 | 1.44 | 1.66 | 1.53 | 1.55 | |||||
| Interest Coverage TTM | -0.13 | -4.04 | -9.55 | -10.15 | -10.28 | -5.77 | -1.31 | -0.85 | -0.59 | -0.05 | - | - | |||||
| Debt Ratio | 0.81 | 0.80 | 0.79 | 0.79 | 0.79 | 0.72 | 0.62 | 0.59 | 0.59 | 0.62 | 0.60 | 0.61 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.96 | 0.93 | 0.87 | 0.86 | 0.85 | 0.73 | 0.68 | 0.85 | 0.87 | 0.83 | - | - | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.90 | -4.77 | - | - | -11.33 | -8.77 | -3.67 | -3.45 | -3.30 | -1.41 | - | - | |||||
| Free Cash Flow Per Share TTM | 2.07 | 2.03 | 0.95 | -0.21 | -1.21 | 1.54 | 2.58 | 2.52 | 2.61 | 1.04 | - | - | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 19.30% | 18.86% | 18.50% | 18.61% | 19.73% | 20.21% | 19.81% | 19.91% | 19.73% | 19.93% | - | - | |||||
| Operating Profit Margin TTM | -0.40% | -13.14% | -32.04% | -33.14% | -33.80% | -24.00% | -6.00% | -3.41% | -2.55% | -0.15% | - | - | |||||
| Net Profit Margin TTM | -3.18% | -16.50% | -36.21% | -36.77% | -37.57% | -29.43% | -12.18% | -9.09% | -8.58% | -3.60% | - | - | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -2.09% | 0.86% | 1.00% | -18.90% | -20.58% | -23.37% | - | - | - | - | - | - | |||||
| Net Income Growth (1Y) | -91.70% | -43.46% | 200.21% | 228.13% | 247.63% | 526.31% | - | - | - | - | - | - | |||||
| EPS Growth (1Y) | -92.07% | -45.57% | 188.60% | 218.87% | 243.03% | 520.05% | - | - | - | - | - | - | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -19.36 | -1.97 | -1.63 | -0.76 | -0.44 | -0.86 | -5.08 | -5.79 | -7.06 | -28.37 | - | - | |||||
| P/B TTM | 3.15 | 1.68 | 2.85 | 1.34 | 0.76 | 0.79 | 1.23 | 1.18 | 1.43 | 2.25 | 1.81 | 1.50 | |||||
| P/S TTM | 0.62 | 0.33 | 0.59 | 0.28 | 0.16 | 0.25 | 0.62 | 0.53 | 0.61 | 1.02 | - | - | |||||
| Market Cap | 1.65B | 881.71M | 1.61B | 776.32M | 447.56M | 680.26M | 1.67B | 1.79B | 2.09B | 3.58B | 3.10B | 2.54B | |||||
| Enterprise Value | 2.54B | 1.79B | 2.48B | 1.77B | 1.54B | 1.79B | 2.68B | 2.81B | 3.08B | 5.10B | 4.58B | 4.03B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 196.00M | 190.40M | 88.30M | -19.40M | -109.50M | 138.70M | 230.90M | 226.00M | 233.40M | 93.20M | - | - | |||||
| Net Debt | 885.70M | 906.00M | 878.20M | 995.30M | 1.09B | 1.11B | 1.01B | 1.02B | 997.60M | 1.52B | 1.48B | 1.49B | |||||
Per-Share and Margin | |||||||||||||||||
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| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
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| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Fortrea Holdings Inc. (FTRE) — SEC Financial Statements & Analysis
Fortrea Holdings Inc. (FTRE) is a services-medical laboratories company. Fortrea Holdings Inc. trades on Nasdaq as: FTRE. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Fortrea Holdings Inc. reported a -2.09% year-over-year revenue growth, a Gross Profit Margin of 19.30% (TTM), a Debt-to-Equity ratio of 4.18x, a Price-to-Sales (P/S) ratio of 0.62x (TTM), a Price-to-Book (P/B) ratio of 3.15x (TTM), at a market cap of $1.65B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -2.09%
- Gross Profit Margin TTM
- 19.30%
- Debt To Equity
- 4.18x
- P/S TTM
- 0.62x
- P/B TTM
- 3.15x
- Market Cap
- $1.65B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Fortrea Holdings Inc. in?
Fortrea Holdings Inc. (FTRE) operates in the Services-Medical Laboratories industry.
What is FTRE's market cap?
Fortrea Holdings Inc. (FTRE) has a market capitalization of $1.65B as of 2026-06-30.
What exchange does FTRE trade on?
Fortrea Holdings Inc. (FTRE) trades on the Nasdaq.