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Companies / Health Care / Fortrea Holdings Inc.
FTRE

Fortrea Holdings Inc.

Health CareHealth Services
Ticker FTREDURHAM, NCFiscal year ends DecemberBook value per share $5.63Diluted shares 94.6M

Fortrea Holdings Inc. (Nasdaq: FTRE) is a global contract research organization that provides clinical development services to pharmaceutical, biotechnology and medical device companies. Its offerings include Phase I–IV clinical trial management, clinical pharmacology, real-world evidence studies and consulting on… From the company’s description.

Over the twelve months to Sep 30, 2026, Fortrea Holdings Inc. reported revenue of $2.67B, down 3.4% from a year earlier, and a net loss of $68.70M. Its operating margin was 0.5%, and operations generated $201.80M in cash. In fiscal 2025, it reported revenue of $2.72B, up 1.0% from fiscal 2024, and a net loss of $986.20M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$2.72BFY2025
+1.0% year over year
Last 12 mo $2.67B
-32.04%FY2025
−26 percentage points
Last 12 mo 0.48%
$-986.20MFY2025
−200.2% year over year
Last 12 mo $-68.70M
-26.08%FY2025
−5.6 percentage points
Last 12 mo -8.65%
Cash & financing
$113.50MFY2025
−56.8% year over year
Last 12 mo $201.80M
$88.30MFY2025
−62.8% year over year
Last 12 mo $169.00M
1.87FY2025
Was 0.83× a year earlier
Last 12 mo 1.98
91.2MFY2025
+1.9% year over year
Last 12 mo 94.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Fortrea Holdings Inc. does

In the company’s own words

Fortrea Holdings Inc. (Nasdaq: FTRE) is a global contract research organization that provides clinical development services to pharmaceutical, biotechnology and medical device companies. Its offerings include Phase I–IV clinical trial management, clinical pharmacology, real-world evidence studies and consulting on product development, regulatory strategy, market access and health economics. The company supports trials through full-service, functional service provider and hybrid delivery models, with services spanning study design, site start-up, patient recruitment, monitoring, data management, biostatistics and pharmacovigilance. Fortrea operates as one reportable segment, Clinical Services. Its clinical pharmacology work includes first-in-human and exploratory studies, supported by research units in the United Kingdom and the United States. The company’s CRO business was spun off from Labcorp in 2023; in 2024, it sold its Enabling Services operations. In fiscal 2025, Fortrea had approximately 14,300 employees and conducted operations in about 100 countries. Its website is www.fortrea.com.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
DURHAM, NC
Fiscal year end
December
CIK
1965040
SIC
8071

Financial performance, year by year

Fiscal 2023–2025 · USD
$-1.40B$-167.16M$1.06B$2.29B$3.52B202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Fortrea Holdings Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

253
funds hold it
0 of 35
superinvestors hold it
$652.12M
held by funds, at market
42.1%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Fortrea Holdings Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.09%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
Schwab Fundamental U.S. Small Company ETF
FNDA · SCHWAB STRATEGIC TRUST
—of fund net assets
Loomis Sayles Small Cap Growth Fund
LSSIX · LOOMIS SAYLES FUNDS II
1.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fortrea Holdings Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Fortrea Holdings Inc.’s debt, $145.93M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.50%, maturing 2030 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Fortrea Holdings Inc. and its peers compare on margins and cash generation over ten years?”
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