FTRE - Fortrea Holdings Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$20.00
DETAILS
HIGH:
$23.00
LOW:
$16.00
MEDIAN:
$20.00
CONSENSUS:
$20.00
UPSIDE:
19.12%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 678.2 | 636.5 | 660.5 | 701.3 | 710.3 | 651.3 | 697 | 674.9 | 662.4 | 662.1 | 775.4 | 713.8 | 725.1 | 693.9 | 502.6 | 762.3 | 793.1 | 779 |
| Cost of Revenue | 539 | 532.7 | 548.7 | 598.2 | 596.4 | 534.8 | 556.1 | 526.6 | 525.3 | 554.2 | 655.7 | 563.8 | 568.7 | 541.5 | 218.4 | 594.8 | 637.7 | 661.7 |
| Gross Profit | 139.2 | 103.8 | 111.8 | 103.1 | 113.9 | 116.5 | 140.9 | 148.3 | 137.1 | 107.9 | 119.7 | 150 | 156.4 | 152.4 | 284.2 | 167.5 | 155.4 | 117.3 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 102.1 | 100.5 | 103 | 106.8 | 124.8 | 121.8 | 148.1 | 136.3 | 156.2 | 120.1 | 98.9 | 106.8 | 97.8 | 116.8 | 199.2 | 70.7 | 71.2 | 75 |
| Other Expenses | 22.3 | 0 | 0 | 12.2 | 0 | 514.8 | 48.4 | 30 | 31.8 | 25.2 | 31.5 | 32.9 | 27 | 21.5 | 93.3 | 27.9 | 0 | 0 |
| Operating Expenses | 124.4 | 100.5 | 103 | 119 | 124.8 | 636.6 | 196.5 | 166.3 | 188 | 145.3 | 130.4 | 139.7 | 124.8 | 138.3 | 292.5 | 98.6 | 71.2 | 75 |
| Operating Income | ||||||||||||||||||
| Operating Income | 14.8 | 3.3 | 8.8 | (15.9) | (10.9) | (520.1) | (55.6) | (18) | (50.9) | (37.4) | (10.7) | 10.3 | 31.6 | 14.1 | (8.3) | 68.9 | 84.2 | 42.3 |
| Interest Expense | 19.3 | 18.9 | 23.2 | 22.6 | 23.2 | 22.3 | 21.9 | 22.4 | 45.2 | 34.3 | 34.5 | 34.6 | 0.7 | 0 | 0.2 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||
| EBITDA | 34.4 | 26.4 | 6.9 | 13.5 | (327.9) | (506.2) | (32.2) | 7.8 | (22) | (17.9) | 17.4 | 37.7 | 62.8 | 37.8 | 4.9 | 96.9 | 111.1 | 67.9 |
| EBIT | 14.8 | 6.6 | (12.4) | (6.1) | (347.5) | (525.7) | (53) | (13.4) | (43.4) | (41.4) | (6.5) | 12.7 | 37.3 | 14.7 | (8.1) | 74.2 | 83.6 | 37.5 |
| Income Before Tax | (1.2) | (12.3) | (35.6) | (28.7) | (370.7) | (548) | (74.9) | (35.8) | (88.6) | (75.7) | (41) | (21.9) | 36.6 | 9.5 | (8.3) | 74.2 | 83.6 | 37.5 |
| Income Tax Expense | 12 | 11.3 | (3.1) | (12.8) | 4.2 | 14.9 | (1) | (17.3) | 10.7 | 4.1 | (5) | (5.8) | 11.6 | 1.5 | 5.3 | 13.6 | 17.2 | 5 |
| Net Income | (13.2) | (23.6) | (32.5) | (15.9) | (374.9) | (562.9) | (61.2) | (27.9) | (138.4) | (101) | (36) | (14) | 30.8 | 12.5 | 26.7 | 60.6 | 66.4 | 32.5 |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | -0.14 | -0.26 | -0.36 | -0.17 | -4.14 | -6.30 | -0.68 | -0.31 | -1.55 | -1.15 | -0.41 | -0.15 | 0.32 | 0.14 | 0.30 | 0.69 | 0.75 | 0.37 |
| EPS (Diluted) | -0.14 | -0.26 | -0.36 | -0.17 | -4.14 | -6.30 | -0.68 | -0.31 | -1.55 | -1.15 | -0.41 | -0.15 | 0.32 | 0.14 | 0.30 | 0.69 | 0.75 | 0.37 |
| Shares Outstanding | 94.3 | 91.2 | 91.2 | 91.2 | 90.6 | 89.4 | 90 | 90 | 89.4 | 89.2 | 87.8 | 87.3 | 88.8 | 88.4 | 88.4 | 88.4 | 88.8 | 88.6 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||
| Cash & Cash Equivalents | 168.6 | 147.5 | 174.6 | 131.3 | 81.2 | 101.6 | 118.5 | 105.3 | 126.2 | 92.8 | 108.6 | 107.5 | 114.3 | 120 | 112 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 654.4 | 619.6 | 620 | 663.2 | 739.2 | 729 | 694 | 689.1 | 637.9 | 941 | 1,010.5 | 1,047.1 | 1,014.7 | 996.6 | 1,051.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 100.6 | 114.4 | 37.6 | 124 | 139.6 | 139.7 | 77.2 | 142.5 | 123.6 | 166.2 | 97.6 | 103.2 | 102.5 | 0 | 50.8 |
| Total Current Assets | 923.6 | 881.5 | 897.2 | 918.5 | 960 | 970.3 | 948.2 | 936.9 | 887.7 | 1,200 | 1,250.8 | 1,257.8 | 1,231.5 | 1,242.6 | 1,246.9 |
| Non-Current Assets | |||||||||||||||
| Property, Plant & Equipment | 156.2 | 157.1 | 149.5 | 147.6 | 148.7 | 150.2 | 156.3 | 173.1 | 173.1 | 167.4 | 172.6 | 219.2 | 212.3 | 174.3 | 164.9 |
| Goodwill | 950.3 | 950.8 | 960 | 958.1 | 965.2 | 1,242.5 | 1,710.4 | 1,767 | 1,725.7 | 1,727.6 | 1,739.4 | 1,994.7 | 2,025.2 | 2,009.8 | 1,997.3 |
| Intangible Assets | 586.8 | 601.7 | 622 | 635.4 | 654.3 | 651.3 | 655.7 | 691.2 | 691.9 | 707.9 | 728.1 | 773.7 | 801.5 | 812.3 | 823.3 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 91.8 | 86.1 | 80.8 | 74.2 | 101.3 | 101.4 | 103.4 | 92.3 | 83.8 | 434.1 | 438.5 | 69.7 | 83.7 | 66.3 | 54.3 |
| Total Non-Current Assets | 1,791.3 | 1,801.9 | 1,818.5 | 1,823.6 | 1,875.1 | 2,150.8 | 2,631 | 2,726.8 | 2,677.7 | 3,040.2 | 3,081.8 | 3,058.9 | 3,124.7 | 3,063.9 | 3,041 |
| Total Assets | 2,714.9 | 2,683.4 | 2,715.7 | 2,742.1 | 2,835.1 | 3,121.1 | 3,579.2 | 3,663.7 | 3,565.4 | 4,240.2 | 4,332.6 | 4,316.7 | 4,356.2 | 4,306.5 | 4,287.9 |
| Current Liabilities | |||||||||||||||
| Account Payables | 54.2 | 70.8 | 29.7 | 49.5 | 92.6 | 110.2 | 138.2 | 137.6 | 144.2 | 131.3 | 132.9 | 128.3 | 105.3 | 102.6 | 81.5 |
| Short-Term Debt | 26 | 10.9 | 4.8 | 83.7 | 74.8 | 163.8 | 74.8 | 0 | 0 | 55 | 26.1 | 26.1 | 26.1 | 0 | 0 |
| Deferred Revenue | 502.7 | 481.3 | 473.8 | 411.6 | 381.7 | 364.4 | 353.3 | 321.1 | 248 | 236.9 | 214.2 | 264.8 | 264.3 | 258 | 271.5 |
| Other Current Liabilities | 380.8 | 0 | 168.9 | 369.6 | 0 | 0 | 129.6 | 0 | 0 | 51.2 | 185.9 | 0 | 0 | 0 | 150.1 |
| Total Current Liabilities | 963.7 | 929.1 | 913.3 | 914.4 | 942.3 | 999.1 | 949.5 | 795.8 | 749 | 818.3 | 778.4 | 774.6 | 752.1 | 656.5 | 699 |
| Non-Current Liabilities | |||||||||||||||
| Long-Term Debt | 1,037.2 | 1,042.6 | 1,048 | 1,052.1 | 1,100.9 | 1,049.9 | 1,049.7 | 1,124.5 | 1,123.8 | 1,559.4 | 1,565.9 | 1,572.4 | 1,578.9 | 1,610.5 | 0 |
| Deferred Tax Liabilities | 97 | 92.3 | 97.6 | 106.9 | 112.8 | 117.9 | 121.7 | 126.9 | 136.1 | 150.7 | 147.7 | 171.7 | 184.2 | 181.4 | 184.5 |
| Other Non-Current Liabilities | 38.5 | 37.8 | 39.3 | 36.4 | 37 | 36.3 | 35.3 | 37.6 | 29.6 | 60.4 | 63.7 | 35.7 | 37 | 22.3 | 21.7 |
| Total Non-Current Liabilities | 1,227 | 1,228.4 | 1,238.9 | 1,246.9 | 1,303.6 | 1,263.2 | 1,267.3 | 1,354.4 | 1,355.3 | 1,830 | 1,840.1 | 1,847.8 | 1,853 | 1,844.5 | 246.3 |
| Total Liabilities | 2,190.7 | 2,157.5 | 2,152.2 | 2,161.3 | 2,245.9 | 2,262.3 | 2,216.8 | 2,150.2 | 2,104.3 | 2,648.3 | 2,618.5 | 2,622.4 | 2,605.1 | 2,501 | 945.3 |
| Stockholders' Equity | |||||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 |
| Retained Earnings | (1,420) | (1,406.8) | (1,383.2) | (1,350.7) | (1,334.8) | (959.9) | (397) | (335.8) | (307.9) | (169.5) | (68.5) | (13.1) | 0 | (257.1) | 0 |
| Accumulated Other Comprehensive Income | (196.5) | (195.4) | (170) | (170.4) | (155.6) | (238.2) | (282.9) | (178.1) | (249) | (241.6) | (215.5) | (280.3) | (225.5) | (257.1) | (276) |
| Total Stockholders' Equity | 524.2 | 525.9 | 563.5 | 580.8 | 589.2 | 858.8 | 1,362.4 | 1,513.5 | 1,461.1 | 1,591.9 | 1,714.1 | 1,694.3 | 1,751.1 | 1,805.5 | 3,342.6 |
| Total Liabilities & Equity | 2,714.9 | 2,683.4 | 2,715.7 | 2,742.1 | 2,835.1 | 3,121.1 | 3,579.2 | 3,663.7 | 3,565.4 | 4,240.2 | 4,332.6 | 4,316.7 | 4,356.2 | 4,306.5 | 4,287.9 |
| Debt Metrics | |||||||||||||||
| Total Debt | 1,117.5 | 1,118 | 1,116 | 1,187.3 | 1,241 | 1,286.3 | 1,198.5 | 1,203.9 | 1,203.1 | 1,689.1 | 1,672 | 1,686.1 | 1,678.1 | 1,663.4 | 63.4 |
| Net Debt | 948.9 | 970.5 | 941.4 | 1,056 | 1,159.8 | 1,184.7 | 1,080 | 1,098.6 | 1,076.9 | 1,596.3 | 1,563.4 | 1,578.6 | 1,563.8 | 1,543.4 | (48.6) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||
| Net Income | (13.2) | (23.6) | (32.5) | (15.9) | (374.9) | (562.9) | (73.9) | (27.9) | (138.4) | (101) | (36) | (14) | 30.8 | 12.5 | 33.4 | 60.6 | 66.4 | 32.5 |
| Depreciation & Amortization | 19.6 | 19.8 | 19.3 | 19.6 | 19.6 | 19.5 | 20.8 | 21.2 | 21.4 | 23.5 | 23.9 | 25 | 25.5 | 23.1 | 23 | 22.7 | 23.4 | 23.6 |
| Stock-Based Compensation | 12.6 | 11.4 | 14.8 | 22.3 | 22.7 | 14.6 | 0 | 13 | 15 | 15.1 | 15.5 | 11.1 | 9.4 | 6.7 | 5.8 | 6.4 | 7 | 6.2 |
| Change in Working Capital | (27.6) | (17.8) | 132.8 | 60.2 | 10.3 | (88.6) | 34.2 | (29.1) | 350.7 | 8.7 | 34.8 | (36.9) | 73.2 | (49.4) | (40.6) | (17) | (61.1) | (127.1) |
| Other Non-Cash Items | (12.8) | (2.8) | 2.3 | 8.2 | 354.3 | 499.8 | 37.4 | 32 | 40.8 | 23.9 | 2 | 25.5 | 12.1 | 8.7 | 16.4 | 8.2 | 5 | 9.2 |
| Operating Cash Flow | (16.5) | (17) | 129.1 | 86.8 | 21.8 | (124.2) | 17.1 | (2.4) | 273.7 | (25.6) | 12.4 | 1.9 | 150.1 | (2) | 28.3 | 80.9 | 38.9 | (60.6) |
| Investing Activities | ||||||||||||||||||
| Capital Expenditure | (9) | (8) | (7.5) | (7.3) | (7.5) | (2.9) | 3.2 | (8.2) | (11.2) | (9.3) | (9.4) | (5.1) | (9.6) | (16.2) | (18.4) | (17) | (7.6) | (11.4) |
| Acquisitions | 0 | 0 | 19 | 20.6 | (19) | 19 | 0.3 | 0 | 276.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 2 | 0 | (19) | 0 | 19 | 0 | 0 | 0.1 | 0 | 0.1 | 0.4 | 7.8 | 0.3 | 0 | 0 | 0.1 | 0 | 0.3 |
| Investing Cash Flow | (7) | (8) | (7.5) | 13.3 | (7.5) | 16.1 | 3.5 | (8.1) | 265.4 | (9.2) | (9) | 2.7 | (9.3) | (16.2) | (18.4) | (16.9) | (7.6) | (11.1) |
| Financing Activities | ||||||||||||||||||
| Net Debt Issuance | 0 | 0 | (75.7) | (50) | (39) | 89 | (0.7) | 0 | (504) | 21.3 | (7.7) | (7.7) | 1,631.4 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 | (0.6) | (0.4) | (14) | 0 | 0 | 3.1 | 0 | (1,781.3) | 24.5 | (8.3) | (46.5) | (36.3) | 82.4 |
| Financing Cash Flow | 0 | 0 | (75.7) | (50) | (39) | 88.4 | (1.1) | (14) | (504) | 21.3 | (4.6) | (7.7) | (149.9) | 24.5 | (8.3) | (46.5) | (36.3) | 82.4 |
| Cash Position | ||||||||||||||||||
| Net Change in Cash | (24.3) | (27.1) | 43.3 | 50.1 | (20.4) | (16.9) | 13.2 | (20.9) | 33.4 | (15.8) | 1.1 | (5.1) | (9.3) | 7.8 | 4.5 | 12 | (9) | 9.9 |
| Cash at Beginning | 147.5 | 174.6 | 131.3 | 81.2 | 101.6 | 118.5 | 105.3 | 126.2 | 92.8 | 108.6 | 107.5 | 108.9 | 118.2 | 110.4 | 107.5 | 95.5 | 104.5 | 94.6 |
| Cash at End | 123.2 | 147.5 | 174.6 | 131.3 | 81.2 | 101.6 | 118.5 | 105.3 | 126.2 | 92.8 | 108.6 | 103.8 | 108.9 | 118.2 | 112 | 107.5 | 95.5 | 104.5 |
| Free Cash Flow | (25.5) | (25) | 121.6 | 79.5 | 14.3 | (127.1) | 20.3 | (10.6) | 262.5 | (34.9) | 3 | (3.2) | 140.5 | (18.2) | 9.9 | 63.9 | 31.3 | (72) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 678.2 | 636.5 | 660.5 | 701.3 | 710.3 | 651.3 | 697 | 674.9 | 662.4 | 662.1 | 775.4 | 713.8 | 725.1 | 693.9 | 502.6 | 762.3 | 793.1 | 779 |
| Gross Profit | 139.2 | 103.8 | 111.8 | 103.1 | 113.9 | 116.5 | 140.9 | 148.3 | 137.1 | 107.9 | 119.7 | 150 | 156.4 | 152.4 | 284.2 | 167.5 | 155.4 | 117.3 |
| Operating Income | 14.8 | 3.3 | 8.8 | (15.9) | (10.9) | (520.1) | (55.6) | (18) | (50.9) | (37.4) | (10.7) | 10.3 | 31.6 | 14.1 | (8.3) | 68.9 | 84.2 | 42.3 |
| Net Income | (13.2) | (23.6) | (32.5) | (15.9) | (374.9) | (562.9) | (61.2) | (27.9) | (138.4) | (101) | (36) | (14) | 30.8 | 12.5 | 26.7 | 60.6 | 66.4 | 32.5 |
| EPS (Diluted) | -0.14 | -0.26 | -0.36 | -0.17 | -4.14 | -6.30 | -0.68 | -0.31 | -1.55 | -1.15 | -0.41 | -0.15 | 0.32 | 0.14 | 0.30 | 0.69 | 0.75 | 0.37 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 168.6 | 147.5 | 174.6 | 131.3 | 81.2 | 101.6 | 118.5 | 105.3 | 126.2 | 92.8 | 108.6 | 107.5 | 114.3 | 120 | 112 | |||
| Total Assets | 2,714.9 | 2,683.4 | 2,715.7 | 2,742.1 | 2,835.1 | 3,121.1 | 3,579.2 | 3,663.7 | 3,565.4 | 4,240.2 | 4,332.6 | 4,316.7 | 4,356.2 | 4,306.5 | 4,287.9 | |||
| Total Debt | 1,117.5 | 1,118 | 1,116 | 1,187.3 | 1,241 | 1,286.3 | 1,198.5 | 1,203.9 | 1,203.1 | 1,689.1 | 1,672 | 1,686.1 | 1,678.1 | 1,663.4 | 63.4 | |||
| Stockholders' Equity | 524.2 | 525.9 | 563.5 | 580.8 | 589.2 | 858.8 | 1,362.4 | 1,513.5 | 1,461.1 | 1,591.9 | 1,714.1 | 1,694.3 | 1,751.1 | 1,805.5 | 3,342.6 | |||
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | (16.5) | (17) | 129.1 | 86.8 | 21.8 | (124.2) | 17.1 | (2.4) | 273.7 | (25.6) | 12.4 | 1.9 | 150.1 | (2) | 28.3 | 80.9 | 38.9 | (60.6) |
| Capital Expenditure | (9) | (8) | (7.5) | (7.3) | (7.5) | (2.9) | 3.2 | (8.2) | (11.2) | (9.3) | (9.4) | (5.1) | (9.6) | (16.2) | (18.4) | (17) | (7.6) | (11.4) |
| Free Cash Flow | (25.5) | (25) | 121.6 | 79.5 | 14.3 | (127.1) | 20.3 | (10.6) | 262.5 | (34.9) | 3 | (3.2) | 140.5 | (18.2) | 9.9 | 63.9 | 31.3 | (72) |