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Annual data and sources

Fortrea Holdings Inc. (FTRE) · Nasdaq · USD · Sector unavailable · CIK 0001965040

Annual coverage: 2021-12-31–2025-12-31 (5 periods). Financial snapshot built 2026-10-09.

FTRE annual financial history

All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.

See the calculation and limitations.

Annual EPS, cash flow, dividends, and fiscal-year dividend yield for Fortrea Holdings Inc.
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
-10.81-10.81UnavailableUnavailableUnavailableBasic EPS (2026-02-26)
Diluted EPS (2026-02-26)
Operating cash flow (2026-02-26) · Capex (2026-02-26)
2024
2024-12-31
-3.67-3.672.65UnavailableUnavailableBasic EPS (2026-02-26)
Diluted EPS (2026-02-26)
Operating cash flow (2026-02-26) · Capex (2026-02-26)
2023
2023-12-31
-0.29-0.291.44UnavailableUnavailableBasic EPS (2026-02-26)
Diluted EPS (2026-02-26)
Operating cash flow (2026-02-26) · Capex (2026-02-26)
2022
2022-12-31
2.092.090.32UnavailableUnavailableBasic EPS (2025-03-03)
Diluted EPS (2025-03-03)
Operating cash flow (2025-03-03) · Capex (2025-03-03)
2021
2021-12-31
1.101.101.61UnavailableUnavailableBasic EPS (2024-03-13)
Diluted EPS (2024-03-13)
Operating cash flow (2024-03-13) · Capex (2024-03-13)

Annual per-share context (USD/share)

Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue / shareTotal debt / shareInputs & filing sources
2025-12-31UnavailableUnavailable
Inputs & filings

revenue: 2723400000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 93100000

revenue (2026-02-26)
periodEndShares (2026-02-26)
2024-12-3130.13Unavailable
Inputs & filings

revenue: 2696400000; averageDilutedShares: 89500000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 89700000

revenue (2026-02-26)
averageDilutedShares (2025-03-03)
periodEndShares (2026-02-26)
2023-12-3132.01Unavailable
Inputs & filings

revenue: 2842500000; averageDilutedShares: 88800000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 88800000

revenue (2026-02-26)
averageDilutedShares (2025-03-03)
periodEndShares (2025-03-03)
2022-12-3131.95Unavailable
Inputs & filings

revenue: 2837000000; averageDilutedShares: 88800000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2025-03-03)
averageDilutedShares (2025-03-03)
2021-12-3134.43Unavailable
Inputs & filings

revenue: 3057500000; averageDilutedShares: 88800000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2024-03-13)
averageDilutedShares (2024-03-13)

Annual returns and cash generation (%)

Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.

Fiscal endFCF margin (%)FCF / net income (%)ROCE (%)Inputs & filing sources
2025-12-313.24Unavailable-39.38
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":88300000,"capex":{"accession":"0001628280-26-012244","end":"2025-12-31","filed":"2026-02-26","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001628280-26-012244","end":"2025-12-31","filed":"2026-02-26","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2723400000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"netIncome":{"value":-986200000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"operatingIncome":{"value":-872600000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingAssets":{"value":3579200000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingCurrentLiabilities":{"value":949500000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingCapitalEmployed":{"value":2629700000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":1362400000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingTotalEquity":{"value":1362400000,"inputNames":["openingParentEquity","openingAssets","openingLiabilities"]},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":2216800000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingCash":{"value":118500000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingCommonEquity":{"value":1362400000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":2715700000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingCurrentLiabilities":{"value":913300000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingCapitalEmployed":{"value":1802400000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":563500000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingTotalEquity":{"value":563500000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":2152200000,"tag":"Liabilities","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingCash":{"value":174600000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingCommonEquity":{"value":563500000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-986200000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":3200000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"pretaxIncome":{"value":-983000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":2216050000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":962950000,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 3.242270691047955; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -39.37636786173597

fcfMargin component 1 (2026-02-26) · fcfMargin component 2 (2026-02-26) · fcfMargin component 3 (2026-02-26)
cashConversion component 1 (2026-02-26) · cashConversion component 2 (2026-02-26) · cashConversion component 3 (2026-02-26)
roce component 1 (2026-02-26) · roce component 2 (2026-02-26) · roce component 3 (2026-02-26) · roce component 4 (2026-02-26) · roce component 5 (2026-02-26)
2024-12-318.80Unavailable-5.24
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":237300000,"capex":{"accession":"0001628280-26-012244","end":"2024-12-31","filed":"2026-02-26","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001628280-26-012244","end":"2024-12-31","filed":"2026-02-26","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2696400000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"netIncome":{"value":-328500000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"operatingIncome":{"value":-161900000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingAssets":{"value":4332600000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"openingCurrentLiabilities":{"value":778400000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"openingCapitalEmployed":{"value":3554200000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":1714100000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":2618500000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"openingCash":{"value":108600000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":3579200000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingCurrentLiabilities":{"value":949500000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingCapitalEmployed":{"value":2629700000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":1362400000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingTotalEquity":{"value":1362400000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":2216800000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingCash":{"value":118500000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingCommonEquity":{"value":1362400000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-328500000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":-3500000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"pretaxIncome":{"value":-275000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":3091950000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 8.800623052959502; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -5.2361778165882376

fcfMargin component 1 (2026-02-26) · fcfMargin component 2 (2026-02-26) · fcfMargin component 3 (2026-02-26)
cashConversion component 1 (2026-02-26) · cashConversion component 2 (2026-02-26) · cashConversion component 3 (2026-02-26)
roce component 1 (2026-02-26) · roce component 2 (2025-03-03) · roce component 3 (2025-03-03) · roce component 4 (2026-02-26) · roce component 5 (2026-02-26)
2023-12-314.51Unavailable0.90
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":128100000,"capex":{"accession":"0001628280-26-012244","end":"2023-12-31","filed":"2026-02-26","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001628280-26-012244","end":"2023-12-31","filed":"2026-02-26","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2842500000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"netIncome":{"value":-25200000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"operatingIncome":{"value":32000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingAssets":{"value":4287900000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"openingCurrentLiabilities":{"value":699000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"openingCapitalEmployed":{"value":3588900000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":3340000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":945300000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"openingCash":{"value":112000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":4332600000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"closingCurrentLiabilities":{"value":778400000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"closingCapitalEmployed":{"value":3554200000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":1714100000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":2618500000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"closingCash":{"value":108600000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2023-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-25200000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":1200000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"pretaxIncome":{"value":-30500000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":3571550000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 4.506596306068602; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: 0.8959695370357408

fcfMargin component 1 (2026-02-26) · fcfMargin component 2 (2026-02-26) · fcfMargin component 3 (2026-02-26)
cashConversion component 1 (2026-02-26) · cashConversion component 2 (2026-02-26) · cashConversion component 3 (2026-02-26)
roce component 1 (2026-02-26) · roce component 2 (2024-03-13) · roce component 3 (2024-03-13) · roce component 4 (2025-03-03) · roce component 5 (2025-03-03)
2022-12-311.0015.20Unavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":28300000,"capex":{"accession":"0001965040-25-000015","end":"2022-12-31","filed":"2025-03-03","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001965040-25-000015","end":"2022-12-31","filed":"2025-03-03","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2837000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"netIncome":{"value":186200000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"operatingIncome":{"value":187100000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2021-12-31"},"openingParentEquity":{"value":3261400000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":4287900000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"closingCurrentLiabilities":{"value":699000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"closingCapitalEmployed":{"value":3588900000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":3340000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-26","accession":"0001628280-26-012244","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":945300000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"closingCash":{"value":112000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":186200000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":41100000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"pretaxIncome":{"value":187000000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Pretax income less tax does not reconcile to consolidated net income; accounting scopes differ"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Pretax income less tax does not reconcile to consolidated net income; accounting scopes differ"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 0.9975326048642933; cashConversion: 15.198711063372716; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2021-12-31

fcfMargin component 1 (2025-03-03) · fcfMargin component 2 (2025-03-03) · fcfMargin component 3 (2025-03-03)
cashConversion component 1 (2025-03-03) · cashConversion component 2 (2025-03-03) · cashConversion component 3 (2025-03-03)
roce component 1 (2025-03-03) · roce component 2 (2024-03-13) · roce component 3 (2024-03-13)
2021-12-314.69146.22Unavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":143300000,"capex":{"accession":"0001965040-24-000010","end":"2021-12-31","filed":"2024-03-13","form":"10-K","start":"2021-01-01","tag":"PaymentsToAcquireProductiveAssets","unit":"USD"},"ocf":{"accession":"0001965040-24-000010","end":"2021-12-31","filed":"2024-03-13","form":"10-K","start":"2021-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":3057500000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"netIncome":{"value":98000000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"operatingIncome":{"value":114300000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2020-12-31"},"openingParentEquity":{"value":3291600000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2021-12-31"},"closingParentEquity":{"value":3261400000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-03-03","accession":"0001965040-25-000015","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":98000000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":38400000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"pretaxIncome":{"value":136400000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001965040-24-000010","form":"10-K"},"effectiveTaxRate":{"value":0.28152492668621704,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":82121700.8797654,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 4.686835650040884; cashConversion: 146.22448979591837; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2020-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2021-12-31

fcfMargin component 1 (2024-03-13) · fcfMargin component 2 (2024-03-13) · fcfMargin component 3 (2024-03-13)
cashConversion component 1 (2024-03-13) · cashConversion component 2 (2024-03-13) · cashConversion component 3 (2024-03-13)
roce component 1 (2024-03-13)

Annual operating facts

Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue (USD)Operating margin (%)Net margin (%)Inputs & filing sources
2025-12-312,723,400,000.00-32.04-36.21
Inputs & filings

revenue: 2723400000; operatingIncome: -872600000; netIncome: -986200000

revenue (2026-02-26)
operatingIncome (2026-02-26)
netIncome (2026-02-26)
2024-12-312,696,400,000.00-6.00-12.18
Inputs & filings

revenue: 2696400000; operatingIncome: -161900000; netIncome: -328500000

revenue (2026-02-26)
operatingIncome (2026-02-26)
netIncome (2026-02-26)
2023-12-312,842,500,000.001.13-0.89
Inputs & filings

revenue: 2842500000; operatingIncome: 32000000; netIncome: -25200000

revenue (2026-02-26)
operatingIncome (2026-02-26)
netIncome (2026-02-26)
2022-12-312,837,000,000.006.596.56
Inputs & filings

revenue: 2837000000; operatingIncome: 187100000; netIncome: 186200000

revenue (2025-03-03)
operatingIncome (2025-03-03)
netIncome (2025-03-03)
2021-12-313,057,500,000.003.743.21
Inputs & filings

revenue: 3057500000; operatingIncome: 114300000; netIncome: 98000000

revenue (2024-03-13)
operatingIncome (2024-03-13)
netIncome (2024-03-13)

Fortrea Holdings Inc. (FTRE) P/E ratio history

The interactive P/E chart contains all 173 stored weekly price points (2023-06-23–2026-10-08); 28 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.

Fiscal-year-end snapshots

No positive annual EPS with an eligible fiscal-year-end price is available in this snapshot.

Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.

Explore the P/E chart and optional reference lines · How P/E history is calculated.

Complete annual P/E history (5 fiscal periods)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-2617.40Adjusted closeUnavailableUnavailableBasic EPS (2026-02-26) Diluted EPS (2026-02-26)
2024-12-312024-12-2719.36Adjusted closeUnavailableUnavailableBasic EPS (2026-02-26) Diluted EPS (2026-02-26)
2023-12-312023-12-2934.90Adjusted closeUnavailableUnavailableBasic EPS (2026-02-26) Diluted EPS (2026-02-26)
2022-12-31UnavailableUnavailableUnavailableUnavailableUnavailableBasic EPS (2025-03-03) Diluted EPS (2025-03-03)
2021-12-31UnavailableUnavailableUnavailableUnavailableUnavailableBasic EPS (2024-03-13) Diluted EPS (2024-03-13)

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