Fortrea Holdings Inc.

Fortrea Holdings Inc.

FTRE
Fortrea Holdings Inc.US flagNASDAQ Global Select
16.48
USD
-0.39
- -
1.56BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
29.19
34.59
32.09
33.44
30.12
29.85
29.17
Basic EPS, GAAP
-4.06
1.11
2.11
-0.3
-3.67
-10.81
-4.81
Free Cash Flow per Basic Share
2.27
1.92
0.94
1.98
2.94
1.24
2.38
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
-0.8
-4.43
-15.16
-15.15
Tangible Book Value per Share
- -
2.76
5.9
-8.86
-11.21
-11.16
-11.06
Basic Weighted Avg Shares
88
88
88
85
90
91
93
Sales/Revenue/Turnover
2,580
3,058
2,837
2,842
2,696
2,723
2,709
Operating Margin (%)
3.97
4.42
7.85
1.87
-4.15
-1.12
-0.09
Depreciation Expense
119
166
94
98
87
78
78
Net Income, GAAP
-359
98
186
-25
-328
-986
-447
Effective Tax Rate (%)
- -
28.15
21.98
409.09
- -
- -
- -
Profit Margin (%)
-13.92
3.21
6.56
-0.89
-12.18
-36.21
-16.5
Working Capital
- -
291
548
472
-1
-16
-48
LT Debt
- -
53
40
1,629
1,110
1,102
1,098
Total Equity
- -
3,261
3,343
1,714
1,362
564
526
Return on Invested Capital (%)
- -
5.74
5.09
-7.8
- -
- -
- -
Return on Capital (%)
- -
254.26
265.09
-25.9
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
84
14
20
LT Borrowings
1,052
1,048
1,043
LT Finance Leases
52
54
56
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
92
93
95
Market Capitalization
767
1,583
875

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
918
897
882
Cash, Cash Equivalents & STI
131
175
148
Accounts Receivable, Net
163
114
129
Inventories
- -
- -
- -
Total Current Liabilities
914
913
929
Payables & Accruals
419
257
428
ST Debt
84
14
20
Deferred Revenue
412
474
481

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-58.64%
Free Cash Flow
- -
7.22%
-56.81%
Net Income, GAAP
- -
250.59%
200.21%
Sales/Revenue/Turnover
- -
1.47%
1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
662
662
675
697
2,696
2025
651
710
701
660
2,723
2026
636
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.13
-1.55
-0.31
-0.68
-3.67
2025
-6.25
-4.14
-0.17
-0.35
-10.81
2026
-0.25
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Anshul Thakral
Full Time Employees
15,000
Sector
Healthcare
Industry
Biotechnology
Address
8 Moore Drive Durham NC United States of America 27709
IPO Date
Jun 20, 2023
Business
Fortrea Holdings Inc. (Nasdaq: FTRE) is a leading global contract research organization (CRO) that provides comprehensive clinical development solutions to biopharmaceutical, biotechnology, and medical device companies worldwide. The company offers Phase I-IV clinical trial management; clinical pharmacology services, including first-in-human and exploratory studies; drug development consulting; regulatory guidance; pharmacovigilance; medical writing; data management and biostatistics; patient recruitment; site management; and specialized expertise in oncology, rare diseases, central nervous system disorders, neurodegenerative conditions, and cell and gene therapies. Fortrea delivers these services through flexible models comprising full-service outsourcing (FSO), functional service provider (FSP), and hybrid structures, supported by clinical research units in the U.S. and U.K., cGMP pharmacies, and operations across 90 countries. Incorporated in 2023 following its spin-off from Labcorp in July 2023, Fortrea traces its origins to 1968 through predecessors including Covance and Corning Lab Services, and is headquartered at 8 Moore Drive in Durham, North Carolina. In June 2024, Fortrea completed the divestiture of its Endpoint Clinical (interactive response technology and clinical supply chain solutions) and Fortrea Patient Access (patient access services) businesses to Arsenal Capital Partners, enabling a sharpened focus as a pure-play clinical CRO. Most recently, in 2025, Fortrea announced a strategic collaboration with SCTbio to integrate clinical development with cGMP manufacturing for cell therapy innovators, alongside recognition as a leader in pharmacovigilance operations per the PEAK Matrix Assessment 2025.

Company News

MCPAPIChat
  • Fortrea Announces Grant of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

  • Fortrea to Attend Jefferies Global Healthcare Conference

  • Fortrea to Attend Jefferies Global Healthcare Conference

  • Fortrea Holdings Inc. (FTRE) Q1 2026 Earnings Call Transcript

  • Fortrea Holdings Inc. (FTRE) Beats Q1 Earnings Estimates

  • Fortrea Reports First Quarter 2026 Results

  • Acadia Pharmaceuticals (ACAD) Expected to Beat Earnings Estimates: Should You Buy?

  • Fortrea Holdings Inc. (FTRE) Reports Next Week: Wall Street Expects Earnings Growth

  • Fortrea Announces Date for First Quarter 2026 Financial Results and Conference Call

  • Fortrea Unveils Fortrea Intelligent Technology™ to Help Sponsors and Sites Run Smarter, More Integrated Trials

  • SG Americas Securities LLC Raises Stock Holdings in Fortrea Holdings Inc. $FTRE

  • Assenagon Asset Management S.A. Lowers Stock Holdings in Fortrea Holdings Inc. $FTRE

  • Fortrea Announces Grant of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

  • Fortrea Holdings Inc. $FTRE Shares Sold by Citigroup Inc.

  • Allianz SE Buys Shares of 48,000 Fortrea Holdings Inc. $FTRE

  • Fortrea Holdings Inc. (FTRE) Q4 2025 Earnings Call Transcript

  • Fortrea Holdings Inc. (FTRE) Q4 Earnings and Revenues Lag Estimates

  • Fortrea Reports Fourth Quarter and Full-Year 2025 Results; Issues Full-Year 2026 Guidance

  • Fortrea Holdings Inc. (NASDAQ:FTRE) Receives Average Rating of “Hold” from Analysts

  • Fortrea Expands Executive Team, Appointing Oren Cohen as Chief Medical Officer and Scott Dove as President of Clinical Pharmacology Services