FORTREA HOLDINGS INC. financials
Source: EDGAR filings · Built 2026-06-02T03:05:27Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2023 |
|---|---|---|---|---|---|
| Free Cash Flow | 88.30M | 237.30M | 128.10M | 28.30M | 143.30M |
| EBITDA | -794.60M | -75.00M | 130.00M | 280.70M | 280.60M |
| Working Capital | -16.10M | -1.30M | 472.40M | 547.90M | — |
| Net Debt | 941.40M | 1.08B | 1.56B | -48.60M | — |
| Operating Margin | -32.04% | -6.00% | 1.13% | 6.59% | 3.74% |
| Net Margin | -36.21% | -12.18% | -0.89% | 6.56% | 3.21% |
| Return on Equity (ROE) | -175.01% | -24.11% | -1.47% | 5.57% | 3.00% |
| Return on Assets (ROA) | -36.31% | -9.18% | -0.58% | 4.34% | — |
| Current Ratio | 0.98× | 1.00× | 1.61× | 1.78× | — |
| Debt-to-Equity | 1.98× | 0.88× | 0.98× | 0.02× | — |
| Effective Tax Rate | -0.33% | 1.27% | -3.93% | 21.98% | 28.15% |
| Cash Conversion Ratio | -0.12× | -0.80× | -6.68× | 0.44× | 1.73× |
| Accruals Ratio | -0.40× | -0.17× | -0.04× | 0.02× | — |
| SBC % of Revenue | 2.73% | 2.17% | 1.50% | 0.90% | 0.90% |
| CapEx Coverage | 4.50× | 10.31× | 4.18× | 1.52× | 6.41× |
| Free Cash Flow Per Share | $0.97 | $2.65 | $1.44 | $0.32 | $1.61 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2023 |
|---|---|---|---|---|---|
| P/FCF | 17.82× | 7.03× | 24.19× | — | — |
| FCF Yield | 5.61% | 14.22% | 4.13% | — | — |
| EV / EBITDA | — | — | 35.87× | — | — |
| P/S | 0.59× | 0.62× | 1.09× | — | — |
| P/B | 2.85× | 1.23× | 1.81× | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2023 |
|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.72B | 2.70B | 2.84B | 2.84B | 3.06B |
| Selling, General and Administrative Expense | 456.40M | 560.70M | 448.10M | 416.10M | 303.10M |
| Operating Income (Loss) | -872.60M | -161.90M | 32.00M | 187.10M | 114.30M |
| Income Tax Expense (Benefit) | 3.20M | -3.50M | 1.20M | 41.10M | 38.40M |
| Net Income (Loss) Attributable to Parent | -986.20M | -328.50M | -25.20M | 186.20M | 98.00M |
| Earnings Per Share, Basic | $-10.81 | $-3.67 | $-0.29 | $2.09 | $1.10 |
| Weighted Average Number of Shares Outstanding, Basic | — | 89.50M | 88.80M | 88.80M | 88.80M |
| Earnings Per Share, Diluted | $-10.81 | $-3.67 | $-0.29 | $2.09 | $1.10 |
| Weighted Average Number of Shares Outstanding, Diluted | — | 89.50M | 88.80M | 88.80M | 88.80M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2023 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 174.60M | 118.50M | 108.60M | 112.00M | — |
| Assets, Current | 897.20M | 948.20M | 1.25B | 1.25B | — |
| Assets | 2.72B | 3.58B | 4.33B | 4.29B | — |
| Liabilities, Current | 913.30M | 949.50M | 778.40M | 699.00M | — |
| Long-term Debt, Excluding Current Maturities | 1.05B | 1.05B | 1.57B | 0 | — |
| Liabilities | 2.15B | 2.22B | 2.62B | 945.30M | — |
| Stockholders' Equity Attributable to Parent | 563.50M | 1.36B | 1.71B | 3.34B | 3.26B |
| Common Stock, Shares, Outstanding | 93.10M | 89.70M | 88.80M | 0 | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2023 | FY 2023 |
|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 113.50M | 262.80M | 168.40M | 82.70M | 169.80M |
| Net Cash Provided by (Used in) Investing Activities | 14.40M | 251.60M | -31.80M | -54.00M | -26.20M |
| Net Cash Provided by (Used in) Financing Activities | -76.30M | -497.80M | -140.80M | -6.30M | -128.50M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -25.00M | 121.60M | -33.30M | -112.80M | -127.10M | 20.30M |
| EBITDA | 16.40M | 5.70M | — | — | -500.60M | -34.80M |
| Working Capital | -47.60M | -16.10M | 4.10M | 17.70M | -28.80M | -1.30M |
| Net Debt | 970.50M | 941.40M | 1.06B | 1.16B | 1.18B | 1.08B |
| Operating Margin | -0.53% | -2.06% | -1.23% | -46.50% | -79.86% | -7.98% |
| Net Margin | -3.71% | -4.92% | -2.27% | -52.78% | -86.43% | -8.78% |
| Return on Equity (ROE) | -4.49% | -5.77% | -2.74% | -63.63% | -65.54% | -4.49% |
| Return on Assets (ROA) | -0.88% | -1.20% | -0.58% | -13.22% | -18.04% | -1.71% |
| Current Ratio | 0.95× | 0.98× | 1.00× | 1.02× | 0.97× | 1.00× |
| Debt-to-Equity | 2.13× | 1.98× | 2.04× | 2.11× | 1.50× | 0.88× |
| Effective Tax Rate | -91.87% | 8.71% | 44.60% | -1.13% | -2.72% | 1.34% |
| Cash Conversion Ratio | 0.72× | -3.97× | 0.98× | 0.27× | 0.22× | -0.28× |
| Accruals Ratio | -0.00× | -0.06× | -0.00× | -0.10× | -0.14× | -0.02× |
| SBC % of Revenue | 1.79% | 2.24% | 8.50% | 5.25% | 2.24% | 2.20% |
| CapEx Coverage | -2.13× | 17.21× | -0.88× | -9.85× | -42.83× | -5.34× |
| Free Cash Flow Per Share | $-0.27 | $1.05 | $-0.36 | $-1.25 | $-1.41 | $0.23 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 636.50M | 660.50M | 701.30M | 710.30M | 651.30M | 697.00M |
| Selling, General and Administrative Expense | 100.50M | 103.00M | 106.80M | 124.80M | 121.80M | 148.10M |
| Operating Income (Loss) | -3.40M | -13.60M | -8.60M | -330.30M | -520.10M | -55.60M |
| Income Tax Expense (Benefit) | 11.30M | -3.10M | -12.80M | 4.20M | 14.90M | -1.00M |
| Net Income (Loss) Attributable to Parent | -23.60M | -32.50M | -15.90M | -374.90M | -562.90M | -61.20M |
| Earnings Per Share, Basic | $-0.25 | $-0.28 | $-0.17 | $-4.14 | $-6.25 | $-0.68 |
| Weighted Average Number of Shares Outstanding, Basic | 93.60M | — | — | — | 90.10M | 89.50M |
| Earnings Per Share, Diluted | $-0.25 | $-0.28 | $-0.17 | $-4.14 | $-6.25 | $-0.68 |
| Weighted Average Number of Shares Outstanding, Diluted | 93.60M | — | — | — | 90.10M | 89.50M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 147.50M | 174.60M | 131.30M | 81.20M | 101.60M | 118.50M |
| Assets, Current | 881.50M | 897.20M | 918.50M | 960.00M | 970.30M | 948.20M |
| Assets | 2.68B | 2.72B | 2.74B | 2.84B | 3.12B | 3.58B |
| Liabilities, Current | 929.10M | 913.30M | 914.40M | 942.30M | 999.10M | 949.50M |
| Long-term Debt, Excluding Current Maturities | 1.04B | 1.05B | 1.05B | 1.10B | 1.05B | 1.05B |
| Liabilities | 2.16B | 2.15B | 2.16B | 2.25B | 2.26B | 2.22B |
| Stockholders' Equity Attributable to Parent | 525.90M | 563.50M | 580.80M | 589.20M | 858.80M | 1.36B |
| Common Stock, Shares, Outstanding | 94.60M | 93.10M | 92.20M | 90.80M | 90.50M | 89.70M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -17.00M | 129.10M | -15.60M | -102.40M | -124.20M | 17.10M |
| Net Cash Provided by (Used in) Investing Activities | -8.00M | -7.50M | 21.90M | 8.60M | 16.10M | 3.50M |
| Net Cash Provided by (Used in) Financing Activities | 0 | -75.70M | -600.00K | 49.40M | 88.40M | -1.10M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (FTRE CIK 0001965040),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.