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Fortrea Holdings Inc. FTRE Clinical Services Segment — Goodwill and other asset impairments

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Other financials

Income statement

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Revenue$678.2M-4.5%
Gross profit$139.2M+4.3%
Operating income$14.8M+104%
Net income-$13.2M+96.5%
EPS (diluted)-$0.14+96.6%

Balance sheet

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Cash & equivalents$168.6M+108%
Total debt$1.1B-10.0%
Total equity$524.2M-11.0%
Total assets$2.7B-4.2%

Cash flow

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Operating cash flow$28.9M
CapEx$9.0M+20.0%
Free cash flow-$25.0M+80.3%

Valuation

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Market cap$1.68B+182%
Enterprise value$2.63B+49.9%
P/S0.6×+0.4×

Profitability

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Gross margin19.3%-0.4pp
Operating margin-0.4%-0.2pp
Net margin-3.2%-1.5pp
FCF margin5.8%+2.0pp

Returns & leverage

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Return on equity-15.3%-7.0pp
Debt / equity2.1×0.0×
Current ratio-0.1×

Where this comes from

Reported directly by Fortrea Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAndIntangibleAssetImpairment.

The source filing: Fortrea Holdings Inc.’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050597
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Segment operating income39.925.469.332.9
Corporate costs not included in segment operating income7.821.719.339.5
Amortization14.614.629.229.1
Goodwill and other asset impairments309.1797.9
Restructuring and other charges2.710.39.416.8
Operating income (loss)14.8(330.3)11.4(850.4)
Interest expense(19.3)(23.3)(38.4)(45.6)
Foreign exchange gain (loss)3.5(19.9)13.2(25.5)

Item 1. [Financial Statements (unaudited)](#i3eb220eb1643431ca98f46fb63169304_13)

FAQ

What is Fortrea Holdings Inc.'s clinical services segment — goodwill and other asset impairments?
Fortrea Holdings Inc. (FTRE) reported clinical services segment — goodwill and other asset impairments of $0 in Q2 2026.
How has Fortrea Holdings Inc.'s clinical services segment — goodwill and other asset impairments changed year-over-year?
Fortrea Holdings Inc.'s clinical services segment — goodwill and other asset impairments decreased by 100.0% year-over-year, from $309.1M to $0.
What is the long-term trend for Fortrea Holdings Inc.'s clinical services segment — goodwill and other asset impairments?
Over 2 years (2022 to 2024), Fortrea Holdings Inc.'s clinical services segment — goodwill and other asset impairments has grown at a -100.0% compound annual growth rate (CAGR), from $9.8M to $0.
What does clinical services segment — goodwill and other asset impairments mean?
This metric quantifies the non-cash charges recognized when the carrying value of goodwill or other long-lived assets within the clinical services segment exceeds their fair market value. It indicates a downward revision in the expected future economic benefits of previously acquired assets or business units. High impairment charges often signal challenges in market positioning or a decline in the long-term growth prospects of the segment.

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