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Fortrea Holdings Inc. FTRE Interest coverage

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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$1.68B+248%
Enterprise value$2.65B+58.8%
P/S0.6×+0.4×

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

Calculated from Fortrea Holdings Inc.’s reported figures.

ebit/interest expense=-0.4×

Based on trailing twelve months.

The official record: Fortrea Holdings Inc.’s 10-Q, filed May 12, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortrea Holdings Inc.'s interest coverage?
Fortrea Holdings Inc. (FTRE) reported interest coverage of -0.4× in Q1 2024.
How has Fortrea Holdings Inc.'s interest coverage changed year-over-year?
Fortrea Holdings Inc.'s interest coverage decreased by 100.1% year-over-year, from 842.5× to -0.4×.
What is the long-term trend for Fortrea Holdings Inc.'s interest coverage?
Over 2 years (2021 to 2023), Fortrea Holdings Inc.'s interest coverage has grown at a -97.0% compound annual growth rate (CAGR), from 571.5× to 0.5×.
What does interest coverage mean?
Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.