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Fortrea Holdings Inc. FTRE Return on invested capital

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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

Calculated from Fortrea Holdings Inc.’s reported figures.

Based on trailing twelve months.

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 return on invested capital?
Fortrea Holdings Inc. (FTRE) reported return on invested capital of -20.1% in Q1 2026.
How has Fortrea Holdings Inc.'s return on invested capital changed year-over-year?
Fortrea Holdings Inc.'s return on invested capital increased by 18.4% year-over-year, from -24.6% to -20.1%.
What is the long-term trend for Fortrea Holdings Inc.'s return on invested capital?
Over 2 years (2023 to 2025), Fortrea Holdings Inc.'s return on invested capital has grown at a 537.0% compound annual growth rate (CAGR), from 1.1% to -44.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.