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Segments

By segment

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Clinical Services Segment$14.8M+104%

Other financials

Income statement

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Revenue$678.2M-4.5%
Gross profit$139.2M+4.3%
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:OperatingIncomeLoss.

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
Goodwill and other asset impairments309.1797.9
Restructuring and other charges2.710.39.416.8
Total costs and expenses663.41,040.61,303.32,212.0
Operating income (loss)14.8(330.3)11.4(850.4)
Other income (expense):
Interest expense(19.3)(23.3)(38.4)(45.6)
Foreign exchange gain (loss)3.5(19.9)13.2(25.5)
Other, net(0.2)2.80.32.8

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

FAQ

What is Fortrea Holdings Inc.'s operating income?
Fortrea Holdings Inc. (FTRE) reported operating income of $14.8M in Q2 2026.
How has Fortrea Holdings Inc.'s operating income changed year-over-year?
Fortrea Holdings Inc.'s operating income increased by 104.5% year-over-year, from -$330.3M to $14.8M.
What is the long-term trend for Fortrea Holdings Inc.'s operating income?
Over 4 years (2021 to 2025), Fortrea Holdings Inc.'s operating income has grown at a 66.2% compound annual growth rate (CAGR), from $114.3M to -$872.6M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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