Fortrea Holdings Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.72B | $2.70B | $2.84B | $2.84B | $3.06B |
| Cost of Revenue | $2.22B | $2.16B | $2.25B | $2.11B | $2.45B |
| Gross Profit | $503.8M | $534.2M | $590.6M | $724.4M | $604.4M |
| Gross Margin | 18.5% | 19.8% | 20.8% | 25.5% | 19.8% |
| Operating Expenses | |||||
| Research & Development | — | — | — | — | — |
| SG&A Expense | $456.4M | $560.7M | $448.1M | $416.1M | $303.1M |
| Operating Income | $-872.6M | $-161.9M | $32.0M | $187.1M | $114.3M |
| Operating Margin | -32.0% | -6.0% | 1.1% | 6.6% | 3.7% |
| Interest Expense | — | — | $69.8M | $200.0K | $200.0K |
| Pretax Income | $-983.0M | $-275.0M | $-30.5M | $187.0M | $136.4M |
| Income Tax Expense | $3.2M | $-3.5M | $1.2M | $41.1M | $38.4M |
| Net Income | $-986.2M | $-328.5M | $-25.2M | $186.2M | $98.0M |
| Net Margin | -36.2% | -12.2% | -0.9% | 6.6% | 3.2% |
| EPS (Basic) | $-10.81 | $-3.67 | $-0.29 | $2.09 | $1.10 |
| EPS (Diluted) | $-10.81 | $-3.67 | $-0.29 | $2.09 | $1.10 |
| Shares Outstanding (Basic) | 93.1M | 89.5M | 88.8M | 88.8M | 88.8M |
| Shares Outstanding (Diluted) | 93.1M | 89.5M | 88.8M | 88.8M | 88.8M |
| Dividends Per Share | — | — | — | — | — |