5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2.7B | -$989M | 0.0% | -32.0% | $88M | $1.1B | $175M |
| 2024 | $2.7B | -$329M | 0.0% | -6.0% | $237M | $1.1B | $119M |
| 2023 | $2.8B | -$25M | 0.0% | 1.1% | $128M | $1.6B | $109M |
| 2022 | $2.8B | $186M | 0.0% | 6.6% | $28M | $0 | $112M |
| 2021 | $3.1B | $98M | 0.0% | 3.7% | $143M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $637M | -$24M | 0.0% | -0.5% | -$25M | $1.1B | $148M |
| Dec '25 | $661M | -$33M | 0.0% | -2.1% | $122M | $1.1B | $175M |
| Sep '25 | $701M | -$16M | 0.0% | -1.2% | $80M | $1.1B | $131M |
| Jun '25 | $710M | -$375M | 0.0% | -46.5% | $14M | $1.2B | $81M |
| Mar '25 | $651M | -$563M | 0.0% | -79.9% | -$127M | $1.2B | $102M |
| Dec '24 | $697M | -$61M | 0.0% | -8.0% | $20M | $1.1B | $119M |
| Sep '24 | $675M | -$28M | 0.0% | -2.7% | -$11M | $1.1B | $105M |
| Jun '24 | $662M | -$138M | 0.0% | -7.7% | $263M | $1.1B | $126M |
| Mar '24 | $662M | -$101M | 0.0% | -5.6% | -$35M | $1.6B | $93M |
| Dec '23 | $710M | -$55M | 0.0% | -3.4% | $9M | $1.6B | $109M |
| Sep '23 | $714M | -$14M | 0.0% | 1.4% | -$3M | $1.6B | $108M |
| Jun '23 | $725M | $31M | 0.0% | 4.4% | $141M | $1.6B | $114M |
| Mar '23 | $694M | $13M | 0.0% | 2.0% | -$18M | — | — |
| Dec '22 | $762M | $33M | 0.0% | 8.3% | $10M | $0 | $112M |
| Sep '22 | $762M | $61M | 0.0% | 9.0% | $64M | — | — |
| Jun '22 | $793M | $66M | 0.0% | 9.0% | — | — | — |
| Mar '22 | — | $33M | — | — | — | — | — |
How the market has priced FTRE against its own fundamentals since 2023-07 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, Fortrea Holdings Inc.'s revenue has declined 2.9% per year. These are computed facts, not advice.
As of FY2025, Fortrea Holdings Inc. reported $1.1B of total debt against $175M of cash.
In FY2025, gross margin was —, operating margin -32.0%, and net margin -36.3%.
As of Jun '26, Fortrea Holdings Inc. traded at a price-to-earnings ratio of about 17.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.