Fortrea Holdings Inc. (FTRE) vs First Tracks Biotherapeutics, Inc. (TRAX)

Fortrea Holdings Inc. and First Tracks Biotherapeutics, Inc. are both Biotechnology companies. Fortrea Holdings Inc. and First Tracks Biotherapeutics, Inc. are of similar size ($2.0B and $1.9B). First Tracks Biotherapeutics, Inc. has the higher net margin (0.00% vs −2.58%) and the lower return on invested capital (0.00% vs 0.59%). Across the 11 metrics below, Fortrea Holdings Inc. leads on 6 and First Tracks Biotherapeutics, Inc. on 5.

Valuation

Metric FTRE TRAX Biotechnology median
P/E n/m n/m 10.60
P/S 0.79 n/m 9.40
P/B 3.94 11.31 2.13
Price to free cash flow 12.27 n/m 25.18
EV/EBITDA 32.06 n/m 0.66
EV/Sales 1.10 n/m 9.02
Earnings yield (3.34%) (10.82%) (32.88%)
Free cash flow yield 8.15% (6.57%) (23.13%)

Profitability

Metric FTRE TRAX Biotechnology median
Gross margin 20.00% — 68.51%
Operating margin 0.48% 0.00% 0.00%
Net margin (2.58%) 0.00% 0.00%
Free cash flow margin 6.41% 0.00% 0.00%
Return on equity (12.34%) 0.00% (51.96%)
Return on assets (2.51%) 0.00% (46.06%)
Return on invested capital 0.59% 0.00% 0.00%

Growth

Metric FTRE TRAX Biotechnology median
Revenue growth (TTM) (3.38%) — 6.76%
EPS growth (last fiscal year) (194.55%) — 29.88%
Revenue growth, 5-year CAGR 1.09% — 9.75%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric FTRE TRAX Biotechnology median
Debt to equity 1.98 0.00 0.00
Current ratio 0.97 9.16 4.97
Net debt to EBITDA 266.13 — 1.01

Dividend

Metric FTRE TRAX Biotechnology median
Dividend yield — — 0.41%
Payout ratio — — —

Size

Metric FTRE TRAX Biotechnology median
Market cap 1.97b 1.91b 161.82m

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