Fortrea Holdings Inc.

FTRE Healthcare Biotechnology

Fortrea Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 1.00% from fiscal 2024.

Revenue
−1.40%
EPS
+103.7%
Free cash flow
−34.0%
Total debt
−6.33%

Quarter to September 2026, against a year earlier

21.95 1.49 +7.28%
Market cap
$2.0B
P/E
0.0×
Fwd P/E
−47.3×
Dividend yield
—
F-score
3/9
Altman Z
−0.34
Beneish M
−4.60
Dividend safety
n/a

Fortrea Holdings Inc. (FTRE) Operating margin

Alert me on Operating margin

Fortrea Holdings Inc.'s operating margin over the twelve months to 30 September 2026 was 0.48%, up 32.5 percentage points from fiscal 2025 (−32.0%). Over the past ten years it has ranged from −32.0% (fiscal 2025) to 7.98% (fiscal 2020) — the current reading is the lowest in ten years. That is above the Biotechnology industry median of 0.00% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −32.0% (26.04)
FY2024 −6.00% (7.13)
FY2023 1.13% (5.46)
FY2022 6.59% 2.85
FY2021 3.74% (4.24)
FY2020 7.98% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 2.17% (0.01)
Jun 2026 2.18% 2.71
Mar 2026 −0.53% 1.53
Dec 2025 −2.06% (0.83)
13 more quarters

Against its own ten years

Low −32.0% High 7.98%
Ten-year median 2.44%
Current reading's percentile 79

Operating margin against peers

Company Operating margin
HRMY Harmony Biosciences Holdings, Inc. compare 22.2%
FTRE Fortrea Holdings Inc. 0.48%
IMNM Immunome, Inc. compare 0.00%
REPL Replimune Group, Inc. compare 0.00%
TRAX First Tracks Biotherapeutics, Inc. compare 0.00%
BHVN Biohaven Ltd. compare 0.00%
SRPT Sarepta Therapeutics, Inc. compare −2.50%
VIR Vir Biotechnology, Inc. compare −69.8%
ZYME Zymeworks Inc. compare −419.0%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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