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Fortrea Holdings Inc. FTRE Clinical Services Segment — Revenue

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Other financials

Income statement

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Revenue$636.5M-2.3%
Gross profit$123.6M+6.1%
Operating income-$3.4M+99.3%
Net income-$23.6M+95.8%
EPS (diluted)-$0.25+96.0%

Balance sheet

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Cash & equivalents$147.5M+45.2%
Total debt$1.1B-13.1%
Total equity$525.9M-38.8%
Total assets$2.7B-14.0%

Cash flow

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Operating cash flow-$17.0M+86.3%
CapEx$8.0M+176%
Free cash flow-$25.0M+80.3%

Valuation

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Market cap$1.56B+29.3%
Enterprise value$2.53B-0.8%
P/S0.6×+0.1×

Profitability

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Gross margin18.9%-1.3pp
Operating margin-13.1%-4.1pp
Net margin-16.5%-5.0pp
FCF margin5.8%+1.7pp

Returns & leverage

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Return on equity-64.5%0.0pp
Debt / equity2.1×+0.6×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Fortrea Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Fortrea Holdings Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortrea Holdings Inc.'s clinical services segment — revenue?
Fortrea Holdings Inc. (FTRE) reported clinical services segment — revenue of $636.5M in Q1 2026.
How has Fortrea Holdings Inc.'s clinical services segment — revenue changed year-over-year?
Fortrea Holdings Inc.'s clinical services segment — revenue decreased by 2.3% year-over-year, from $651.3M to $636.5M.
What is the long-term trend for Fortrea Holdings Inc.'s clinical services segment — revenue?
Over 4 years (2021 to 2025), Fortrea Holdings Inc.'s clinical services segment — revenue has grown at a -0.4% compound annual growth rate (CAGR), from $2.76B to $2.72B.
What does clinical services segment — revenue mean?
Represents the total gross income generated by the clinical services business segment through the provision of clinical trial management and related research solutions. This metric reflects the scale of the segment's market activity and its ability to attract biopharma and medical device clients.