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Fortrea Holdings Inc. FTRE Clinical Services Segment — Segment Operating Income

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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$1.61B+29.3%
Enterprise value$2.58B-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 ftre:SegmentOperatingIncomeLoss.

The official record: Fortrea Holdings Inc.’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortrea Holdings Inc.'s clinical services segment — segment operating income?
Fortrea Holdings Inc. (FTRE) reported clinical services segment — segment operating income of $21.85M in Q4 2025.
How has Fortrea Holdings Inc.'s clinical services segment — segment operating income changed year-over-year?
Fortrea Holdings Inc.'s clinical services segment — segment operating income decreased by 8.0% year-over-year, from $23.75M to $21.85M.
What is the long-term trend for Fortrea Holdings Inc.'s clinical services segment — segment operating income?
Over 2 years (2023 to 2025), Fortrea Holdings Inc.'s clinical services segment — segment operating income has grown at a -28.3% compound annual growth rate (CAGR), from $169.8M to $87.4M.
What does clinical services segment — segment operating income mean?
This metric represents the operating profit or loss generated specifically by the clinical services segment, calculated by subtracting direct costs and operating expenses from segment revenues. It serves as a key performance indicator for the efficiency and operational success of the company's clinical trial management services. Investors use this to evaluate the core business profitability excluding corporate-level overheads and financing costs.