Fortrea Holdings Inc. (FTRE)
NASDAQ: FTRE · Real-Time Price · USD
14.24
-0.26 (-1.79%)
Dec 5, 2025, 4:00 PM EST - Market closed
Fortrea Holdings Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
| Revenue | 2,760 | 2,696 | 2,843 | 2,837 | 3,058 | 2,580 |
| Revenue Growth (YoY) | 1.88% | -5.14% | 0.19% | -7.21% | 18.49% | - |
| Cost of Revenue | 2,246 | 2,162 | 2,252 | 2,113 | 2,453 | 2,091 |
| Gross Profit | 513.6 | 534.2 | 590.6 | 724.4 | 604.4 | 489.1 |
| Selling, General & Admin | 501.5 | 560.7 | 448.1 | 416.1 | 303.1 | 267.6 |
| Operating Expenses | 581 | 646 | 537.4 | 501.6 | 411.8 | 372.2 |
| Operating Income | -67.4 | -111.8 | 53.2 | 222.8 | 192.6 | 116.9 |
| Interest Expense | -90.1 | -123.8 | -69.7 | -0.2 | -0.2 | - |
| Currency Exchange Gain (Loss) | -31.7 | -10.6 | 0.3 | -2 | 20.2 | -18.8 |
| Other Non Operating Income (Expenses) | 14.1 | 21.3 | 6.9 | 2.1 | 2.1 | 0.8 |
| EBT Excluding Unusual Items | -175.1 | -224.9 | -9.3 | 222.7 | 214.7 | 98.9 |
| Merger & Restructuring Charges | -49.3 | -50.1 | -21.2 | -25.9 | -20.7 | -11 |
| Impairment of Goodwill | -797.9 | - | - | - | - | -405.7 |
| Asset Writedown | - | - | - | -9.8 | -57.6 | -14.4 |
| Pretax Income | -1,022 | -275 | -30.5 | 187 | 136.4 | -332.2 |
| Income Tax Expense | 5.3 | -3.5 | 1.2 | 41.1 | 38.4 | 27 |
| Earnings From Continuing Operations | -1,028 | -271.5 | -31.7 | 145.9 | 98 | -359.2 |
| Earnings From Discontinued Operations | 12.7 | -57 | 6.5 | 40.3 | - | - |
| Net Income | -1,015 | -328.5 | -25.2 | 186.2 | 98 | -359.2 |
| Net Income to Common | -1,015 | -328.5 | -25.2 | 186.2 | 98 | -359.2 |
| Net Income Growth | - | - | - | 90.00% | - | - |
| Shares Outstanding (Basic) | 90 | 90 | 89 | 89 | 89 | - |
| Shares Outstanding (Diluted) | 90 | 90 | 89 | 89 | 89 | - |
| Shares Change (YoY) | 1.29% | 0.79% | - | - | - | - |
| EPS (Basic) | -11.23 | -3.67 | -0.28 | 2.10 | 1.10 | - |
| EPS (Diluted) | -11.23 | -3.67 | -0.28 | 2.10 | 1.10 | - |
| EPS Growth | - | - | - | 90.62% | - | - |
| Free Cash Flow | -13 | 237.3 | 128.1 | 28.3 | 143.3 | 176.9 |
| Free Cash Flow Per Share | -0.14 | 2.65 | 1.44 | 0.32 | 1.61 | - |
| Gross Margin | 18.61% | 19.81% | 20.78% | 25.53% | 19.77% | 18.95% |
| Operating Margin | -2.44% | -4.15% | 1.87% | 7.85% | 6.30% | 4.53% |
| Profit Margin | -36.77% | -12.18% | -0.89% | 6.56% | 3.21% | -13.92% |
| Free Cash Flow Margin | -0.47% | 8.80% | 4.51% | 1.00% | 4.69% | 6.86% |
| EBITDA | 12.1 | -26.5 | 142.5 | 308.3 | 301.3 | 235.9 |
| EBITDA Margin | 0.44% | -0.98% | 5.01% | 10.87% | 9.85% | 9.14% |
| D&A For EBITDA | 79.5 | 85.3 | 89.3 | 85.5 | 108.7 | 119 |
| EBIT | -67.4 | -111.8 | 53.2 | 222.8 | 192.6 | 116.9 |
| EBIT Margin | -2.44% | -4.15% | 1.87% | 7.85% | 6.30% | 4.53% |
| Effective Tax Rate | - | - | - | 21.98% | 28.15% | - |
Source: S&P Capital IQ. Standard template. Financial Sources.