Fortrea Financial Statements
NASDAQ: FTREHealth CareMedical SpecialitiesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Fortrea revenue and earnings
In fiscal 2025, Fortrea generated $2.72 billion in revenue, up 1.0% from fiscal 2024. Fortrea reported a net loss of $986.2 million, compared with a loss of $328.5 million a year earlier. Gross margin was 18.5% (down from 19.8%) and operating margin -32.0%.
Diluted earnings per share came in at -$10.81. Over the last 4 fiscal years, FTRE's revenue has grown at a -2.9% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
Fortrea income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 |
|---|---|---|---|---|---|
| Revenue | 2.72B | 2.70B | 2.84B | 2.84B | 3.06B |
| Revenue growth (YoY) | +1.00% | -5.14% | +0.19% | -7.21% | — |
| Cost of Revenue | 2.22B | 2.16B | 2.25B | 2.11B | 2.45B |
| Gross Profit | 503.80M | 534.20M | 590.60M | 724.40M | 604.40M |
| Operating Expenses | 1.38B | 696.10M | 558.60M | 537.30M | 490.10M |
| Selling, General & Admin | 456.40M | 560.70M | 448.10M | 416.10M | 303.10M |
| Operating Income | -872.60M | -161.90M | 32.00M | 187.10M | 114.30M |
| Interest Expense | — | — | 69.80M | 200.00K | 200.00K |
| Other Income (Expense) | 7.90M | 21.30M | 6.90M | 2.10M | 2.10M |
| Pretax Income | -983.00M | -275.00M | -30.50M | 187.00M | 136.40M |
| Income Tax | 3.20M | -3.50M | 1.20M | 41.10M | 38.40M |
| Net Income | -986.20M | -328.50M | -25.20M | 186.20M | 98.00M |
| Net Income growth (YoY) | — | — | -113.53% | +90.00% | — |
| EPS (Basic) | -10.81 | -3.67 | -0.29 | 2.09 | 1.10 |
| EPS (Diluted) | -10.81 | -3.67 | -0.29 | 2.09 | 1.10 |
| Shares Outstanding (Basic) | — | 89.50M | 88.80M | 88.80M | 88.80M |
| Shares Outstanding (Diluted) | — | 89.50M | 88.80M | 88.80M | 88.80M |
| EBITDA | -794.60M | -75.00M | 130.00M | 280.70M | 280.60M |
| Gross Margin | 18.50% | 19.81% | 20.78% | 25.53% | 19.77% |
| Operating Margin | -32.04% | -6.00% | 113.00% | 6.59% | 3.74% |
| Net Margin | -36.21% | -12.18% | -89.00% | 6.56% | 3.21% |
This table shows 5 annual periods of Fortrea's income statement, from FY 2025 back to FY 2021, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow FTRE's reporting calendar. What is a income statement?