Fortrea Holdings Inc. income statement
In fiscal 2025, Fortrea Holdings Inc. reported revenue of $2.72bn, up 1.0% on the year before, operating income of −$873m (a -32.0% margin) and net income of −$986m, or −$10.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|
| Revenue | 3,058 | 2,837 | 2,843 | 2,696 | 2,723 | 2,667 |
| Selling, general and administrative | 303 | 416 | 448 | 561 | 456 | 409 |
| Operating income | 114 | 187 | 32 | −162 | −873 | 13 |
| Interest expense | 0 | 0 | 70 | — | — | — |
| Net interest income | — | −0 | −70 | — | — | — |
| Income before tax | 136 | 187 | −31 | −275 | −983 | −53 |
| Income tax | 38 | 41 | 1 | −4 | 3 | 16 |
| Net income | 98 | 186 | −25 | −329 | −986 | −69 |
| Diluted EPS | $1.10 | $2.09 | −$0.29 | −$3.67 | −$10.81 | — |
| Diluted shares (average) | 89m | 89m | 89m | 90m | — | — |
| EBITDA | 281 | 281 | 130 | −75 | −795 | 92 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 697 | 651 | 710 | 701 | 661 | 637 | 678 | 692 |
| Selling, general and administrative | 148 | 122 | 125 | 107 | 103 | 101 | 102 | 104 |
| Operating income | −56 | −520 | −330 | −9 | −14 | −3 | 15 | 15 |
| Income before tax | −75 | −548 | −371 | −29 | −36 | −12 | −1 | −4 |
| Income tax | −1 | 15 | 4 | −13 | −3 | 11 | 12 | −4 |
| Net income | −61 | −563 | −375 | −16 | −33 | −24 | −13 | 1 |
| Diluted EPS | −$0.68 | −$6.25 | −$4.14 | −$0.17 | −$0.28 | −$0.25 | −$0.14 | $0.01 |
| EBITDA | −35 | −501 | −311 | 11 | 6 | 16 | 34 | 35 |
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