Fortrea Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,686	2,696	2,843	2,837	3,058	2,580
Revenue Growth (YoY)	-4.45%	-5.14%	0.19%	-7.21%	18.49%	-
Cost of Revenue	2,143	2,162	2,252	2,113	2,453	2,091
Gross Profit	542.8	534.2	590.6	724.4	604.4	489.1
Selling, General & Admin	562.4	560.7	448.1	416.1	303.1	267.6
Operating Expenses	645.3	646	537.4	501.6	411.8	372.2
Operating Income	-102.5	-111.8	53.2	222.8	192.6	116.9
Interest Expense	-111.8	-123.8	-69.7	-0.2	-0.2	-
Currency Exchange Gain (Loss)	-10.9	-10.6	0.3	-2	20.2	-18.8
Other Non Operating Income (Expenses)	20	21.3	6.9	2.1	2.1	0.8
EBT Excluding Unusual Items	-205.2	-224.9	-9.3	222.7	214.7	98.9
Merger & Restructuring Charges	-53.3	-50.1	-21.2	-25.9	-20.7	-11
Impairment of Goodwill	-488.8	-	-	-	-	-405.7
Asset Writedown	-	-	-	-9.8	-57.6	-14.4
Pretax Income	-747.3	-275	-30.5	187	136.4	-332.2
Income Tax Expense	7.3	-3.5	1.2	41.1	38.4	27
Earnings From Continuing Operations	-754.6	-271.5	-31.7	145.9	98	-359.2
Earnings From Discontinued Operations	-35.8	-57	6.5	40.3	-	-
Net Income	-790.4	-328.5	-25.2	186.2	98	-359.2
Net Income to Common	-790.4	-328.5	-25.2	186.2	98	-359.2
Net Income Growth	-	-	-	90.00%	-	-
Shares Outstanding (Basic)	90	90	89	89	89	-
Shares Outstanding (Diluted)	90	90	89	89	89	-
Shares Change (YoY)	0.93%	0.79%	-	-	-	-
EPS (Basic)	-8.81	-3.67	-0.28	2.10	1.10	-
EPS (Diluted)	-8.81	-3.67	-0.28	2.10	1.10	-
EPS Growth	-	-	-	90.62%	-	-
Free Cash Flow	145.1	237.3	128.1	28.3	143.3	176.9
Free Cash Flow Per Share	1.62	2.65	1.44	0.32	1.61	-
Gross Margin	20.21%	19.81%	20.78%	25.53%	19.77%	18.95%
Operating Margin	-3.82%	-4.15%	1.87%	7.85%	6.30%	4.53%
Profit Margin	-29.43%	-12.18%	-0.89%	6.56%	3.21%	-13.92%
Free Cash Flow Margin	5.40%	8.80%	4.51%	1.00%	4.69%	6.86%
EBITDA	-19.6	-26.5	142.5	308.3	301.3	235.9
EBITDA Margin	-0.73%	-0.98%	5.01%	10.87%	9.85%	9.14%
D&A For EBITDA	82.9	85.3	89.3	85.5	108.7	119
EBIT	-102.5	-111.8	53.2	222.8	192.6	116.9
EBIT Margin	-3.82%	-4.15%	1.87%	7.85%	6.30%	4.53%
Effective Tax Rate	-	-	-	21.98%	28.15%	-

Updated May 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q