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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 $5.56Diluted shares 94.4M

Fortrea Holdings Inc. operates as a leading provider of clinical research services and solutions to the pharmaceutical, biotechnology, and medical device industries. The company, which trades on the Nasdaq under ticker symbol FRTA, maintains its corporate presence at www.fortrea.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.72B
+1.0% year over year
Last 12 mo $2.68B
-32.04%
−26 percentage points
Last 12 mo -0.40%
$-986.20M
−200.2% year over year
Last 12 mo $-85.20M
-28.16%
−7.7 percentage points
Last 12 mo -16.25%
Cash & financing
$113.50M
−56.8% year over year
Last 12 mo $227.80M
$88.30M
−62.8% year over year
Last 12 mo $196.00M
1.87
Was 0.83× a year earlier
Last 12 mo 2.01
91.2M
+1.9% year over year
Last 12 mo 94.4M

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. operates as a leading provider of clinical research services and solutions to the pharmaceutical, biotechnology, and medical device industries. The company, which trades on the Nasdaq under ticker symbol FRTA, maintains its corporate presence at www.fortrea.com.

The company delivers comprehensive clinical trial services spanning Phase I through Phase IV studies, encompassing patient recruitment, site management, data collection, and regulatory compliance support. Fortrea's service offerings extend across therapeutic areas including oncology, cardiovascular, neurology, immunology, and rare diseases, serving as a critical infrastructure partner for sponsors conducting clinical development programs globally.

Fortrea operates through integrated business segments that provide end-to-end clinical research capabilities. The company maintains an extensive network of clinical research sites and service centers positioned to support multi-site trial execution across North America, Europe, and other international markets. The organization employs thousands of clinical research professionals, including principal investigators, coordinators, and support staff distributed across numerous facilities.

The company's business model centers on providing specialized expertise and operational infrastructure that enables pharmaceutical and biotech companies to accelerate clinical development timelines while managing regulatory requirements and ensuring patient safety. Fortrea generates revenue through service fees based on trial complexity, patient enrollment volumes, and the scope of site management and data services provided.

Fortrea's competitive positioning derives from its established relationships with leading pharmaceutical sponsors, deep expertise in regulatory requirements across multiple jurisdictions, and operational scale enabling efficient multi-site trial management. The company maintains proprietary technology platforms supporting electronic data capture, patient management, and trial analytics that enhance operational efficiency and data quality.

The organization's history reflects the consolidation and evolution of clinical research services, with the company having developed through strategic combinations that expanded its geographic footprint and therapeutic expertise. This foundation enables Fortrea to serve as a comprehensive partner for sponsors navigating increasingly complex clinical development landscapes while maintaining focus on operational excellence and regulatory compliance standards essential to the clinical research industry.

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
42.7%
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
0.27%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?”
  • “Where did five years of Fortrea Holdings Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Fortrea Holdings Inc.'s last four quarterly filings that the numbers alone won't show?”
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