$15.63
+1.8%Fortrea Holdings Inc., a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. It operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum. The Enabling Services segment provides patient access and clinical trial technology solutions to customers that streamline complex randomization and optimize the trial drug supply process. The company offers delivery models that include full service, functional service provider, and hybrid service structures. It also offers phase I-IV clinical trial management, differentiated technology enabled trial solutions, and post approval services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. was incorporated in 2023 and is based in Durham, North Carolina.
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
FTRE • NASDAQ
| Fortrea Holdings Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
-986.2M | -271.5M | -25.2M | 186.2M | 98M | -359.2M | |
78M | 98M | 98M | 93.6M | 166.3M | 119M | |
-32M | -24.6M | -41.6M | -16.5M | -30.2M | -40.3M | |
74.4M | 58.4M | 42.7M | 25.4M | 27.5M | 23.1M | |
864.6M | 38M | 67.6M | 42.2M | 35.4M | 449.4M | |
114.7M | 364.5M | 26.9M | -248.2M | -127.2M | 8.9M | |
113.5M | 262.8M | 168.4M | 82.7M | 169.8M | 200.9M | |
INVESTING ACTIVITIES | ||||||
-25.2M | -25.5M | -40.3M | -54.4M | -26.5M | -24M | |
(0.0) | (276.6M) | (0.0) | (0.0) | (0.0) | -137.5M | |
39.6M | 500K | 8.5M | 400K | 300K | 300K | |
(14.4M) | (251.6M) | -31.8M | -54M | -26.2M | -161.2M | |
FINANCING ACTIVITIES | ||||||
-76.3M | -482.7M | 1.6B | 0.0 | 0.0 | 0.0 | |
0.0 | -15.1M | -1.8B | -6.3M | -128.5M | -33.1M | |
-76.3M | -497.8M | -140.8M | -6.3M | -128.5M | -33.1M | |
CASH FLOW SUMMARY | ||||||
4.5M | -6.7M | 2.4M | -6.6M | -800K | 500K | |
56.1M | 9.9M | -1.8M | 15.8M | 14.3M | 7.1M | |
118.5M | 108.6M | 110.4M | 94.6M | 80.3M | 73.2M | |
174.6M | 118.5M | 108.6M | 110.4M | 94.6M | 80.3M | |
88.3M | 237.3M | 128.1M | 28.3M | 143.3M | 176.9M |
FTRE - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 05, 2026 | May 05, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 27, 2026 | June 09, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 26, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 20, 2025 | November 18, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 05, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 05, 2025 | November 05, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 22, 2025 | September 19, 2025 | 2025 | |
8-K 8-K 2025 N/A | August 27, 2025 | August 21, 2025 | 2025 |
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