GlobeNewsWire·Jun 26, 2026
Fortrea Names Jason Knoblauch as Chief Financial OfficerJason Knoblauch will succeed Jill McConnell as chief financial officer of Fortrea Jason Knoblauch will succeed Jill McConnell as chief financial officer of Fortrea
Fortrea Holdings Inc.(FTRE)Earnings, Financials & Key Ratios
FTRE•NASDAQ
$17.58
Price updated Jul 2, 2026
AboutFortrea Holdings Inc., a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. It operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum. The Enabling Services segment provides patient access and clinical trial technology solutions to customers that streamline complex randomization and optimize the trial drug supply process. The company offers delivery models that include full service, functional service provider, and hybrid service structures. It also offers phase I-IV clinical trial management, differentiated technology enabled trial solutions, and post approval services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. was incorporated in 2023 and is based in Durham, North Carolina.Show more
- Revenue$2.72B+1.0%
- EBITDA$47M+163.2%
- Net Income-$986M-200.2%
- EPS (Diluted)-10.81-194.6%
- Gross Margin15.63%-21.1%
- EBITDA Margin1.74%+162.6%
- Operating Margin-1.12%+81.3%
- Net Margin-36.21%-197.2%
- ROE-102.41%-379.6%
FTRE Price & Volume
Fortrea Holdings Inc. (FTRE) stock price & volume — 10-year historical chart
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Persistent Operational Volatility Challenges Fortrea's Independent Path
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Strained
Cash Flow:Mixed
Primary Risk:Persistent operating margin deficits
Key Thesis Takeaways
- Fortrea Holdings faces a challenging transition as an independent entity, characterized by persistent revenue contraction and structural margin deficits that hinder profitability.
- While the company has successfully reduced its total debt to $75.4 million as of 2026Q1, the erosion of its equity base from $1.7 billion in 2023Q4 to $525.9 million raises significant concerns regarding long-term value creation.
- Investors should monitor whether the company can stabilize its FSP-heavy service model and reverse the trend of negative operating margins, which have plagued eight of the last ten quarters.
Verdict Logic
the company's inability to achieve consistent profitability, evidenced by a -3.7% net margin in 2026Q1 and recurring net losses, suggests that fundamental risks currently outweigh potential recovery catalysts.
FTRE Growth Metrics
Fortrea Holdings Inc. (FTRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-1.35%
TTM0.86%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM43.46%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM44.21%
Return on Capital
10 Years0.55%
5 Years0.55%
3 Years-1.91%
Last Year-1.38%
FTRE Recent Earnings
Fortrea Holdings Inc. (FTRE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.16+433.3%
$0.03
Rev
$637M+1.3%
$629M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.09-43.8%
$0.16
Rev
$661M-0.7%
$665M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.12-25.0%
$0.16
Rev
$701M+5.4%
$665M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.19+216.7%
$0.06
Rev
$710M+13.9%
$623M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.16vs $0.03+433.3% | $637Mvs $629M+1.3% |
| Q1 2026 | Feb 26, 2026 | $0.09vs $0.16-43.8% | $661Mvs $665M-0.7% |
| Q4 2025 | Nov 5, 2025 | $0.12vs $0.16-25.0% | $701Mvs $665M+5.4% |
| Q3 2025 | Aug 6, 2025 | $0.19vs $0.06+216.7% | $710Mvs $623M+13.9% |
Based on last 12 quarters of dataView full earnings history →
Latest FTRE News
Recent stock market news and headlines for Fortrea Holdings Inc. (FTRE)
Peers Comparison
Key metrics vs top competitors for Fortrea Holdings Inc. (FTRE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $17.58 | $1.66B | -1.63 | 1% | -36.21% | -102.41% | — | |
| $203.20 | $34.48B | 25.92 | 5.87% | 8.33% | 22.11% | — | |
| $229.09 | $11.03B | -78.73 | -0.85% | -4.59% | -5.66% | — | |
| $543.57 | $15.52B | 35.57 | 19.97% | 17.19% | 120.89% | — | |
| $25.00 | $1.29B | 25.25 | -2.67% | 6.04% | 4.95% | — | |
| $175.05 | $13.4B | 60.36 | -0.37% | 5.35% | 4.7% | — |
Compare FTRE vs Peers
Fortrea Holdings Inc. (FTRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FTRE SEC Filings & Documents
Fortrea Holdings Inc. (FTRE) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
Feb 26, 2026·SEC
Material company update
Nov 20, 2025·SEC
10-K Annual Reports
310-Q Quarterly Reports
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FTRE Frequently Asked Questions
Fortrea Holdings Inc. (FTRE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Fortrea Holdings Inc.'s revenue?
Fortrea Holdings Inc. (FTRE) reported $2.71B in revenue for fiscal year 2025. This represents a 11% decrease from $3.06B in 2021.
How fast is Fortrea Holdings Inc. growing?
Fortrea Holdings Inc. (FTRE) grew revenue by 1.0% over the past year. Growth has been modest.
Is FTRE profitable?
Fortrea Holdings Inc. (FTRE) reported a net loss of $446.9M for fiscal year 2025.
Dividend & Returns
What is FTRE's return on equity?
Fortrea Holdings Inc. (FTRE) has a return on equity (ROE) of -102.4%. Negative ROE indicates the company is unprofitable.
What is Fortrea Holdings Inc.'s free cash flow?
Fortrea Holdings Inc. (FTRE) generated $215.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.