Revenue
692 million USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 691500000 USD Source
Fundies. English
Fortrea Holdings Inc.
EDGARAnnual consolidated revenue for 2025: about USD 2.723B, using the latest reported figures. The previous period, 2024, was about USD 2.696B.
Latest quarter
Operating margin
2.17%
2026 Q3 · %
Operating cash flow
60.8 million USD
2026 Q3 · USD
- Cash and cash equivalents
- 221 million USD Source
Exact value
220600000 USD
- Long-term debt including current maturities
- Not available
- Shares outstanding
- 96.5 million shares Source
Exact value
96500000 shares
Reported share-count change
4.66% · 4.3 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
2.67 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Net income
-68.7 million USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Operating cash flow
202 million USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
- Operating cash flow: 113500000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: -15600000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -17000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 11900000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: -17000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 72700000 USD · 2026-01-01 – 2026-09-30 Source
- Operating cash flow: 11900000 USD · 2026-01-01 – 2026-06-30 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-29.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 5 of 11 periods available· newest 2025-12-31
- Operating income: 5 of 11 periods available· newest 2025-12-31
- Net income: 5 of 11 periods available· newest 2025-12-31
- Operating cash flow: 5 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 4 of 11 periods available· newest 2025-12-31
- Total liabilities: 4 of 11 periods available· newest 2025-12-31
- Current assets: 4 of 11 periods available· newest 2025-12-31
- Current liabilities: 4 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
- long term debt: No compatible figures in this window
- Shares outstanding: 4 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+1%Prior period
USD 2.7 billion
–
Current period
USD 2.72 billion
–
Exact inputs and evidence
2723400000 − 2696400000 = 27000000 USD
2696400000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source2723400000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
−USD 657.7 millionPrior period
−USD 328.5 million
–
Current period
−USD 986.2 million
–
Exact inputs and evidence
-986200000 − -328500000 = -657700000 USD
-328500000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-986200000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-56.8%Prior period
USD 262.8 million
–
Current period
USD 113.5 million
–
Exact inputs and evidence
113500000 − 262800000 = -149300000 USD
262800000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source113500000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 2.72 billion 100% of revenue
- Operating costs Derived USD 3.6 billion 132% of revenue
- Operating income −USD 872.6 million −32% of revenue
- Tax, interest and other Derived USD 113.6 million 4.2% of revenue
- Net income −USD 986.2 million −36% of revenue
Cash
- Operating cash flow USD 113.5 million 4.2% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2021 96%
- 2022 93%
- 2023 Net loss: net income was −0.9% of revenue.
- 2024 Operating loss: operating costs were 106% of revenue.
- 2025 Operating loss: operating costs were 132% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2021 2021-01-01 – 2021-12-31 | 3057500000 | 2943200000 Derived | 114300000 | 16300000 Derived | 98000000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 2837000000 | 2649900000 Derived | 187100000 | 900000 Derived | 186200000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 2842500000 | 2810500000 Derived | 32000000 | 57200000 Derived | -25200000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 2696400000 | 2858300000 Derived | -161900000 | 166600000 Derived | -328500000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 2723400000 | 3596000000 Derived | -872600000 | 113600000 Derived | -986200000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 2.7B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Revenue | 3057500000 |
|
| 2022 | Revenue | 2837000000 |
|
| 2023 | Revenue | 2842500000 |
|
| 2024 | Revenue | 2696400000 |
|
| 2025 | Revenue | 2723400000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
1% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Year over year | No prior comparable period |
|
| 2022 | Year over year | -7.2% |
|
| 2023 | Year over year | 0.2% |
|
| 2024 | Year over year | -5.1% |
|
| 2025 | Year over year | 1% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin -32% 2025
Net margin -36.2% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Operating margin | 3.7% |
|
| 2022 | Operating margin | 6.6% |
|
| 2023 | Operating margin | 1.1% |
|
| 2024 | Operating margin | -6% |
|
| 2025 | Operating margin | -32% |
|
| 2021 | Net margin | 3.2% |
|
| 2022 | Net margin | 6.6% |
|
| 2023 | Net margin | -0.9% |
|
| 2024 | Net margin | -12.2% |
|
| 2025 | Net margin | -36.2% |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 113.5M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Operating cash flow | 169800000 |
|
| 2022 | Operating cash flow | 82700000 |
|
| 2023 | Operating cash flow | 168400000 |
|
| 2024 | Operating cash flow | 262800000 |
|
| 2025 | Operating cash flow | 113500000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
79.3% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2022 | Liabilities / assets | 22% |
|
| 2023 | Liabilities / assets | 60.4% |
|
| 2024 | Liabilities / assets | 61.9% |
|
| 2025 | Liabilities / assets | 79.3% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
0.98× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2022 | Current assets / current liabilities | 1.78× |
|
| 2023 | Current assets / current liabilities | 1.61× |
|
| 2024 | Current assets / current liabilities | 1× |
|
| 2025 | Current assets / current liabilities | 0.98× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2021 2021-01-01 – 2021-12-31 | USD 98 million Exact valueExact value: 98000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 169.8 million Exact valueExact value: 169800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 186.2 million Exact valueExact value: 186200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 82.7 million Exact valueExact value: 82700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | −USD 25.2 million Exact valueExact value: -25200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 168.4 million Exact valueExact value: 168400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | −USD 328.5 million Exact valueExact value: -328500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 262.8 million Exact valueExact value: 262800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | −USD 986.2 million Exact valueExact value: -986200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 113.5 million Exact valueExact value: 113500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
16 filings · 1,860 latest values · 1,860 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001965040, 1965040, FTRE, edgar:1965040
Also known as FORTREA HOLDINGS INC., Fortrea Holdings Inc., Silver Spinco Inc.