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Bio-rad Laboratories vs Fortrea Holdings

Bio-rad Laboratories and Fortrea Holdings are similar in size: $2.58bn and $2.72bn of revenue in their latest fiscal years. Fortrea Holdings grew faster (1.0% against 0.7%). Bio-rad Laboratories kept more of each dollar of sales as profit: a net margin of 29.4% against -36.2%.

Latest fiscal yearBio-rad LaboratoriesBIO, 2025Fortrea HoldingsFTRE, 2025
Revenue $2.58bn $2.72bn
Revenue growth 0.7% 1.0%
Net income $760m −$986m
Operating margin 1.8% —
Net margin 29.4% -36.2%
Return on equity 10.8% -102.4%
Free cash flow $375m $88.3m
Cash $530m $175m
Total debt $1.21bn $1.07bn
Debt to equity 16.2% —
Dividend per share — —
Dividend yield — —
Share buybacks $296m —
Employees 7,450 —
Market value $10.02bn $2.01bn
Price vs our value range Above our value range —
Moat score 56 (Moderate) —
Insider trades, 12 months 0 buys, 2 sales 0 buys, 24 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.