Fortrea Holdings vs Qiagen
Fortrea Holdings is the larger business, with $2.72bn of revenue in fiscal 2025 against $2.09bn for Qiagen (1.3 times as much). Qiagen grew faster (5.7% against 1.0%). Qiagen kept more of each dollar of sales as profit: a net margin of 20.3% against -36.2%.
| Latest fiscal year | Fortrea HoldingsFTRE, 2025 | QiagenQGEN, 2025 |
|---|---|---|
| Revenue | $2.72bn | $2.09bn |
| Revenue growth | 1.0% | 5.7% |
| Net income | −$986m | $425m |
| Operating margin | — | 22.3% |
| Net margin | -36.2% | 20.3% |
| Return on equity | -102.4% | 11.6% |
| Free cash flow | $88.3m | $453m |
| Cash | $175m | $839m |
| Total debt | $1.07bn | $1.65bn |
| Debt to equity | — | 43.8% |
| Dividend per share | — | — |
| Dividend yield | — | 0.5% |
| Share buybacks | — | $280m |
| Employees | — | — |
| Market value | $2.01bn | $11.03bn |
| Price vs our value range | — | Above our value range |
| Moat score | — | 58 (Moderate) |
| Insider trades, 12 months | 0 buys, 24 sales | 0 buys, 0 sales |