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) Price to free cash flow

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As of 6 November 2026, Fortrea Holdings Inc. (FTRE) trades at a price to free cash flow of 12.3×. Over the past ten years it has ranged from 0.0× (December 2025) to 206× (June 2023); the current reading is higher than 67% of that period. That is below the Biotechnology industry median of 25.2× and below the Healthcare sector median of 20.5×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 17.8× 153.83%
FY2024 7.0× (68.67%)
FY2023 22.4× (87.18%)
FY2022 175× 0.00%
FY2021 175× 0.00%
FY2020 175× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 11.2× 33.88%
Jun 2026 8.3× 79.90%
Mar 2026 4.6× (74.01%)
Dec 2025 17.8× —
13 more quarters

Against its own ten years

Low 0.0× High 206×
Ten-year median 8.6×
Current reading's percentile 67

Price to free cash flow against peers

Company Price to free cash flow
BHVN Biohaven Ltd. compare n/m
VIR Vir Biotechnology, Inc. compare n/m
TRAX First Tracks Biotherapeutics, Inc. compare n/m
REPL Replimune Group, Inc. compare n/m
ZYME Zymeworks Inc. compare n/m
IMNM Immunome, Inc. compare n/m
HRMY Harmony Biosciences Holdings, Inc. compare 6.8×
SRPT Sarepta Therapeutics, Inc. compare 11.1×
FTRE Fortrea Holdings Inc. 12.3×
Biotechnology industry median 25.2×
Healthcare sector median 20.5×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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