FTRE
$22.78+1.61%
Fortrea Holdings Inc.Stock · HealthcareRussell 2000 · 0.05% of IWMNasdaq Composite · 0.005% of ONEQUS Stock Market · 0.002% of VTIRussell 3000 · 0.002% of IWV
FTRE financial statements
The full income statement, balance sheet, and cash-flow statement for Fortrea Holdings Inc. (FTRE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 89.6M2024-09 89.7M2024-12 90.2M2025-03 90.5M2025-06 90.8M2025-09 92.4M2025-12 93.5M2026-03 94.6M2026-06 95.1M+6.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.72B+1.0% | 2.70B-5.1% | 2.84B+0.2% | 2.84B-7.2% | 3.06B | |
| Selling, general & administrative | 456M-18.6% | 561M+25.1% | 448M+7.7% | 416M+37.3% | 303M | |
| Restructuring | 33.6M-20.0% | 42.0M+98.1% | 21.2M-23.5% | 27.7M+64.9% | 16.8M | |
| Amortization of intangibles | 58.3M-4.1% | 60.8M+0.2% | 60.7M-2.9% | 62.5M-55.4% | 140M | |
| Provision for credit losses | 12.0M-45.9% | 22.2M-20.1% | 27.8M+717.6% | 3.40M | — | |
| Operating income | -873M-439.0% | -162M-605.9% | 32.0M-82.9% | 187M+63.7% | 114M | |
| Interest expense | — | — | 69.8M+34800.0% | 200K+0.0% | 200K | |
| Net interest income | — | — | -69.7M-34750.0% | -200K | — | |
| Other non-operating income | 7.90M-62.9% | 21.3M+208.7% | 6.90M+228.6% | 2.10M+0.0% | 2.10M | |
| Pre-tax income | -983M-257.5% | -275M-801.6% | -30.5M-116.3% | 187M+37.1% | 136M | |
| Income tax | 3.20M+191.4% | -3.50M-391.7% | 1.20M-97.1% | 41.1M+7.0% | 38.4M | |
| -986M-200.2% | -329M-1203.6% | -25.2M-113.5% | 186M+90.0% | 98.0M | ||
| Income from continuing operations | -986M-263.2% | -272M-756.5% | -31.7M-121.7% | 146M | — | |
| -$10.81-194.6% | -$3.67-1165.5% | -$0.29-113.9% | $2.09+90.0% | $1.10 | ||
| EPS (basic) | -$10.81-194.6% | -$3.67-1165.5% | -$0.29-113.9% | $2.09+90.0% | $1.10 | |
| Weighted-avg shares (basic) | — | 89.5M+0.8% | 88.8M+0.0% | 88.8M+0.0% | 88.8M | |
| Weighted-avg shares (diluted) | — | 89.5M+0.8% | 88.8M+0.0% | 88.8M+0.0% | 88.8M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 897M-5.4% | 948M-24.2% | 1.25B+0.3% | 1.25B | — | ||
| Cash & equivalents | 175M+47.3% | 119M+9.1% | 109M-3.0% | 112M+18.4% | 94.6M | |
| Prepaid expenses | 133M-21.9% | 170M+101.2% | 84.6M-24.9% | 113M | — | |
| Other current assets | 37.6M+5.9% | 35.5M+24.6% | 28.5M-43.9% | 50.8M | — | |
| 2.72B-24.1% | 3.58B-17.4% | 4.33B+1.0% | 4.29B | — | ||
| Property, plant & equipment | — | — | — | 165M | — | |
| Operating lease right-of-use | 56.0M-15.4% | 66.2M-11.4% | 74.7M+49.4% | 50.0M | — | |
| Goodwill | 960M-43.9% | 1.71B-1.7% | 1.74B+1.9% | 1.71B-17.9% | 2.08B | |
| Intangible assets | 622M-5.1% | 656M-9.9% | 728M-11.6% | 823M | — | |
| Deferred tax assets | 6.20M+19.2% | 5.20M+62.5% | 3.20M+166.7% | 1.20M | — | |
| Other non-current assets | 80.8M-21.9% | 103M+48.4% | 69.7M+28.4% | 54.3M | — | |
| 913M-3.8% | 950M+22.0% | 778M+11.4% | 699M | — | ||
| Accounts payable | 29.7M-78.5% | 138M+4.0% | 133M+63.1% | 81.5M | — | |
| Accrued liabilities | 396M+7.0% | 370M+10.2% | 336M+4.0% | 323M | — | |
| Deferred revenue | 474M+34.1% | 353M+64.9% | 214M-21.1% | 272M | — | |
| Short-term & current debt | 4.80M-93.6% | 74.8M+186.6% | 26.1M | 0.00 | — | |
| Current lease liability | 9.20M-31.3% | 13.4M-22.1% | 17.2M-26.2% | 23.3M | — | |
| 2.15B-2.9% | 2.22B-15.3% | 2.62B+177.0% | 945M | — | ||
| Long-term debt | 1.05B-0.2% | 1.05B-33.0% | 1.57B | 0.00 | — | |
| Non-current lease liability | 54.0M-10.9% | 60.6M-3.5% | 62.8M+56.6% | 40.1M | — | |
| Operating lease liability (total) | 63.2M-14.6% | 74.0M-7.5% | 80.0M+26.2% | 63.4M | — | |
| Other non-current liabilities | 39.3M+11.3% | 35.3M+10.0% | 32.1M+47.9% | 21.7M | — | |
| 564M-58.6% | 1.36B-20.5% | 1.71B-48.7% | 3.34B+2.4% | 3.26B | ||
| Common stock | 100K+0.0% | 100K+0.0% | 100K | 0.00 | — | |
| Additional paid-in capital | 2.12B+3.6% | 2.04B+2.2% | 2.00B | 0.00 | — | |
| Retained earnings | -1.38B-248.4% | -397M-479.6% | -68.5M | 0.00 | — | |
| Accumulated other comprehensive income | -170M+39.9% | -283M-31.3% | -216M+21.9% | -276M | — | |
| Total liabilities & equity | 2.72B-24.1% | 3.58B-17.4% | 4.33B+1.0% | 4.29B | — | |
| Common shares outstanding | 93.1M+3.8% | 89.7M+1.0% | 88.8M | — | — | |
| Shares outstanding (cover) | 93.5M+3.7% | 90.2M+0.9% | 89.4M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 114M-56.8% | 263M+56.1% | 168M+103.6% | 82.7M-51.3% | 170M | ||
| Depreciation & amortization | 78.0M-10.2% | 86.9M-11.3% | 98.0M+4.7% | 93.6M-43.7% | 166M | |
| Intangible amortization | 58.3M-4.1% | 60.8M+0.2% | 60.7M-2.9% | 62.5M-55.4% | 140M | |
| Share-based compensation | 74.4M+27.4% | 58.4M+36.8% | 42.7M+68.1% | 25.4M-7.6% | 27.5M | |
| Deferred income taxes | -30.6M+21.7% | -39.1M+0.0% | -39.1M-196.2% | -13.2M+56.3% | -30.2M | |
| Change in payables | -110M-1626.4% | 7.20M-87.0% | 55.3M+123.0% | 24.8M+500.0% | -6.20M | |
| 14.4M-94.3% | 252M+891.2% | -31.8M+41.1% | -54.0M-106.1% | -26.2M | ||
| Capital expenditure | 25.2M-1.2% | 25.5M-36.7% | 40.3M-25.9% | 54.4M+105.3% | 26.5M | |
| Free cash flow | 88.3M-62.8% | 237M+85.2% | 128M+352.7% | 28.3M-80.3% | 143M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -76.3M+84.7% | -498M-253.6% | -141M-2134.9% | -6.30M+95.1% | -129M | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 570M | 0.00 | 0.00 | |
| Long-term debt repaid | 75.7M-84.3% | 483M+3034.4% | 15.4M | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 4.50M+167.2% | -6.70M-379.2% | 2.40M+136.4% | -6.60M-725.0% | -800K | |
| Net change in cash | 56.1M+466.7% | 9.90M+650.0% | -1.80M-111.4% | 15.8M+10.5% | 14.3M | |
| Interest paid | 91.2M-16.8% | 110M+143.0% | 45.1M+11175.0% | 400K+100.0% | 200K | |
| Income taxes paid | 16.9M-68.5% | 53.7M+198.3% | 18.0M-33.3% | 27.0M+67.7% | 16.1M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.61B-4.1% | 1.68B-45.7% | 3.10B | — | — | |
| P/E | — | — | 55.3× | — | — | |
| P/S | 0.6×-5.1% | 0.6×-46.9% | 1.2× | — | — | |
| P/B | 2.9×+131.8% | 1.2×-32.6% | 1.8× | — | — | |
| P/FCF | 18.3×+157.7% | 7.1×-71.6% | 25.0× | — | — | |
| Earnings yield | — | — | 1.8% | — | — | |
| FCF yield | 5.5%-61.2% | 14.1%+252.0% | 4.0% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: FTRE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FTRE filings on SEC EDGAR → Not investment advice.