Fortrea Holdings Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.7B | $2.7B | $2.8B | $2.8B | $3.1B |
| Selling, general & administrative | $456.4M | $560.7M | $448.1M | $416.1M | $303.1M |
| Operating income | -$872.6M | -$161.9M | $32.0M | $187.1M | $114.3M |
| Interest expense | — | — | $69.8M | $200,000 | $200,000 |
| Pretax income | -$983.0M | -$275.0M | -$30.5M | $187.0M | $136.4M |
| Income tax expense | $3.2M | -$3.5M | $1.2M | $41.1M | $38.4M |
| Net income | -$986.2M | -$328.5M | -$25.2M | $186.2M | $98.0M |
| Balance Sheet | |||||
| Cash and equivalents | $174.6M | $118.5M | $108.6M | $112.0M | — |
| Current assets | $897.2M | $948.2M | $1.3B | $1.2B | — |
| Total assets | $2.7B | $3.6B | $4.3B | $4.3B | — |
| Current liabilities | $913.3M | $949.5M | $778.4M | $699.0M | — |
| Total liabilities | $2.2B | $2.2B | $2.6B | $945.3M | — |
| Total debt | $1.1B | $1.1B | $1.6B | — | — |
| Stockholders' equity | $563.5M | $1.4B | $1.7B | $3.3B | $3.3B |
| Cash Flow Statement | |||||
| Cash from operations | $113.5M | $262.8M | $168.4M | $82.7M | $169.8M |
| Depreciation and amortization | $78.0M | $86.9M | $98.0M | $93.6M | $166.3M |
| Stock-based compensation | $74.4M | $58.4M | $42.7M | $25.4M | $27.5M |
| Capital expenditure | $25.2M | $25.5M | $40.3M | $54.4M | $26.5M |
| Free cash flow | $88.3M | $237.3M | $128.1M | $28.3M | $143.3M |
| Impairments | $797.9M | $0 | $0 | — | — |
Shares outstanding 94.6M · Free float 99.5%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.