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Fortrea Holdings Inc.

FTRE

$18.45 ▲ +0.77 (+4.33%) at close

6 Visible periods

30 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Fortrea Holdings Inc. faces fundamental challenges with weakness in Return on Common Equity (%) and Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap —

Dividend Yield —

Revenue Growth 1.0% ↗

Op. Margin -32.0% ↘

ROIC -54.3% ↘

FCF / Share None

Trailing P/E —

Price / Book 3.1x

FCF Yield —

Debt / Equity 1.86

info Valuation on last close. End-of-day price, Aug 7, 2026.

6-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$2.72B

↑ +1.0% —

Net Income Profit after all expenses

$-986.20M

↓ -200.2% —

Operating Margin Operating profit as % of sales

-32.0%

↓ -433.6% 7th

FCF / Share Free cash flow per share

$2.94

↑ +54.8% —

Long-Term Debt Long-term obligations

$1.05B

— -0.2% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns

Financial Health

Cash Quality

Financial view

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Revenue Growth YoY (%)	1.0% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-87%)	-5.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-164%)	-8.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-202%)	1.3% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-84%)	—	—
EPS Growth YoY (%)	-194.6% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-1165.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	97.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-200.2% Weak ↑ Weak Improving Year-over-year change in net income	-1203.6% Weak Weak Year-over-year change in net income	N/M	96.8% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	—	54.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	92.5% Excellent Excellent Year-over-year change in free cash flow	-48.5% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-4.2% Weak Weak Compound annual revenue growth over 3 years	-4.1% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Operating Margin (%) (%)	-32.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-314%)	-6.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-140%)	1.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	7.6% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	3.7% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-75%)	—
Effective Tax Rate (%) (%)	-0.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.6% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.2% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-36.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-402%)	-12.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-202%)	-0.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	6.2% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	3.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	—
FCF Margin (%) (%)	4.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.9% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	5.6% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-0.12x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.80x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-6.68x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.45x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.73x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Return on Invested Capital (%)	-54.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-6.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.7% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	2.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-32.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-4.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	5.5% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-175.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1267%)	-24.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-261%)	-1.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-110%)	5.8% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-62%)	3.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-80%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Debt to Equity (x)	1.86x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+210%)	0.77x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+28%)	0.91x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+52%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—
Interest Coverage (x)	-9.57x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1.48x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.71x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1179.50x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	571.50x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$873.40M	$931.20M	$1.46B	$-112.00M	—	—
Debt / EBITDA (x)	-1.32x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-14.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.05x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Revenue per Share (USD)	—	$30.13	$32.01	$34.87	$34.43	—
Basic EPS, GAAP (USD)	$-10.81	$-3.67	$-0.29	$2.17	$1.10	—
Free Cash Flow per Share (USD)	—	$2.94	$1.90	$0.99	$1.91	—
Book Value per Share (USD)	$6.05	$15.19	$19.30	$37.64	$36.72	—
Tangible Book Value per Share (USD)	$-10.94	$-11.19	$-8.48	$5.88	$13.28	—
Basic Weighted Avg Shares (shares)	—	89.50M	88.80M	88.80M	88.80M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Working Capital (USD)	$-16.10M	$-1.30M	$472.40M	$547.90M	—	—
LT Debt (USD)	$1.05B	$1.05B	$1.57B	$0.00	—	—
Total Equity (USD)	$563.50M	$1.36B	$1.71B	$3.34B	$3.26B	$3.29B

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Sales/Revenue/Turnover (USD)	$2.72B	$2.70B	$2.84B	$3.10B	$3.06B	—
Depreciation Expense (USD)	$78.00M	$86.90M	$98.00M	$92.70M	$166.30M	—
Net Income, GAAP (USD)	$-986.20M	$-328.50M	$-25.20M	$192.90M	$98.00M	—
Operating Cash Flow (USD)	$113.50M	$262.80M	$168.40M	$87.50M	$169.80M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 6 years · 20 quarters

Fortrea Holdings Inc.

Analytical Summary

6-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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