Fortrea Holdings Inc. financial data

Symbol
FTRE on Nasdaq
Industry
Services-Medical Laboratories
Location
8 Moore Drive, Durham, NC
Fiscal year end
December 31
Former names
Silver Spinco Inc. (to 4/5/2023)
Latest financial report
10-Q - Q3 2024 - Nov 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 136 %
Debt-to-equity 152 %
Return On Equity -20.5 % -1032%
Return On Assets -8.15 %
Operating Margin -4.81 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 89.7M shares +1.01%
Common Stock, Shares, Outstanding 89.7M shares +1.01%
Entity Public Float 3.3B USD
Common Stock, Value, Issued 100K USD 0%
Weighted Average Number of Shares Outstanding, Basic 89.6M shares +0.9%
Weighted Average Number of Shares Outstanding, Diluted 89.6M shares +0.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 2.71B USD -5.45%
Costs and Expenses 2.84B USD -1.51%
Operating Income (Loss) -130M USD -275%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -255M USD -63.5%
Income Tax Expense (Benefit) -8.6M USD -198%
Net Income (Loss) Attributable to Parent -322M USD -675%
Earnings Per Share, Basic -3.61 USD/shares -93.8%
Earnings Per Share, Diluted -3.61 USD/shares -93.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 105M USD -2.05%
Other Assets, Current 35.1M USD -30.9%
Assets, Current 937M USD -25.5%
Deferred Income Tax Assets, Net 3.2M USD +100%
Property, Plant and Equipment, Net 219M USD
Operating Lease, Right-of-Use Asset 78.2M USD +56.4%
Intangible Assets, Net (Excluding Goodwill) 691M USD -10.7%
Goodwill 1.77B USD -11.4%
Other Assets, Noncurrent 92.3M USD +32.4%
Assets 3.66B USD -15.1%
Accounts Payable, Current 138M USD +7.25%
Employee-related Liabilities, Current 118M USD -4.07%
Accrued Liabilities, Current 323M USD -3.78%
Contract with Customer, Liability, Current 321M USD +21.3%
Liabilities, Current 796M USD +2.74%
Operating Lease, Liability, Noncurrent 65.4M USD -3.82%
Other Liabilities, Noncurrent 37.6M USD +5.32%
Liabilities 2.15B USD -18%
Accumulated Other Comprehensive Income (Loss), Net of Tax -178M USD +36.5%
Retained Earnings (Accumulated Deficit) -336M USD -2463%
Stockholders' Equity Attributable to Parent 1.51B USD -10.5%
Liabilities and Equity 3.66B USD -15.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -25.6M USD -1180%
Net Cash Provided by (Used in) Financing Activities 21.3M USD -13.1%
Net Cash Provided by (Used in) Investing Activities -9.2M USD +43.2%
Common Stock, Shares Authorized 265M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -15.8M USD -303%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 105M USD +1.45%
Interest Paid, Excluding Capitalized Interest, Operating Activities 44.6M USD
Deferred Tax Assets, Valuation Allowance 2.8M USD
Deferred Tax Assets, Gross 70M USD +93.9%
Operating Lease, Liability 86M USD +35.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -222M USD
Lessee, Operating Lease, Liability, to be Paid 109M USD
Operating Lease, Liability, Current 14M USD -28.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 16.8M USD
Lessee, Operating Lease, Liability, to be Paid, Year One 22.5M USD
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure +62.5%
Deferred Income Tax Expense (Benefit) 4.2M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 23.4M USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 11.3M USD
Preferred Stock, Shares Authorized 30M shares 0%
Unrecognized Tax Benefits 300K USD -78.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 8.2M USD
Additional Paid in Capital 2.03B USD +2%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 63.8M USD -1.95%
Depreciation, Depletion and Amortization 98.4M USD +1.73%
Deferred Tax Assets, Net of Valuation Allowance 67.2M USD +86.2%
Share-based Payment Arrangement, Expense 59.1M USD +25%
Interest Expense 69.8M USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%