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FTRE Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
15.609
Open
15.060
VWAP
15.21
Vol
2.04M
Mkt Cap
1.46B
Low
14.640
Amount
31.07M
EV/EBITDA(TTM)
31.16
Total Shares
94.60M
EV
2.36B
EV/OCF(TTM)
10.70
P/S(TTM)
0.53
Fortrea Holdings Inc. is a global contract research organization (CRO), which provides clinical development solutions to the life sciences industry. The Company is engaged in providing biopharmaceutical product and medical device development services to pharmaceutical, biotechnology and medical device customers. The Company offers customers flexible delivery models that include full service, functional service provider, and hybrid service structures. It provides phase I-IV clinical trial management, clinical pharmacology and consulting services. The Company manages its business through a single segment, Clinical Services, that provides services across the clinical pharmacology and clinical development spectrum. The Company has access to all key markets worldwide through a footprint of primary office locations in five countries (the United States, the United Kingdom, China, India and Singapore) with field operations in other jurisdictions worldwide.
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Events Timeline

(ET)
2026-05-05
06:10:00
Fortrea Q1 Revenue $636.5M, Exceeds Expectations
select
2026-05-05
06:10:00
Reaffirms FY26 Adjusted EBITDA View of $190M-$220M
select

News

NASDAQ.COM
8.5
05-29NASDAQ.COM
SciSparc Receives Approval to Acquire Stake in Israeli Tech Firm
  • Acquisition Approval: SciSparc Ltd. (SPRC) received regulatory approval from the TSX Venture Exchange for its subsidiary NeuroThera Labs to acquire approximately 54% of CliniQuantum, valued at about $9.46 million, which is expected to enhance its competitive edge in clinical trial data analysis.
  • Stock Surge: SPRC's shares soared nearly 140% to close at $10.55 on Thursday, reflecting strong market enthusiasm for its acquisition plans, which may attract further investor interest in its future growth prospects.
  • Ebola Testing Progress: Co-Diagnostics Inc. (CODX) saw its stock rally over 50% for the third consecutive day amid the Ebola outbreak, indicating the effectiveness of its PCR assay strategy, which is likely to bolster the company's influence in public health.
  • Clinical Trial Initiation: MiNK Therapeutics (INKT) dosed its first patient in a randomized phase 2 trial for acute lung injury, leading to an 18% stock increase, and this advancement could provide crucial data support for its future treatment options, strengthening its market position.
Yahoo Finance
9.5
05-25Yahoo Finance
Q1 Performance Analysis of Drug Development Industry
  • Industry Overview: The drug development inputs and services sector reported a collective revenue beat of 1.6% over analysts' expectations in Q1, indicating stable market demand despite challenges like high capital requirements and customer concentration.
  • Fortrea's Financial Highlights: Fortrea reported revenues of $636.5 million, down 2.3% year-on-year, yet exceeded analysts' expectations by 1.4%, demonstrating resilience in clinical research services, with its stock rising 8.6% since the report.
  • West Pharmaceutical Services Strong Growth: West Pharmaceutical Services achieved revenues of $844.9 million, a 21% year-on-year increase, outperforming analysts' expectations by 8.4%, with its stock up 15.3%, reflecting positive market sentiment towards its performance.
  • Azenta's Poor Performance: Azenta reported revenues of $144.8 million, up only 1% year-on-year, falling short of analysts' expectations, resulting in a 19.3% decline in stock price, highlighting the pressures faced in a competitive market.
seekingalpha
9.5
05-05seekingalpha
Fortrea Q1 2026 Earnings Call Highlights
  • Performance Metrics: Fortrea reported Q1 2026 revenue of $636.5 million, down 2.3% year-over-year, primarily due to lower pass-through costs and FSP headwinds, yet underlying full-service clinical revenue showed year-over-year growth, indicating resilience in business fundamentals.
  • Cost Savings: CFO Jill McConnell noted that the company achieved nearly $16 million in gross cost savings and over $9 million in net savings during Q1, marking the strongest start since the spin-off and enhancing profitability.
  • Market Outlook: Management reiterated full-year 2026 revenue guidance of $2.55 billion to $2.65 billion and adjusted EBITDA guidance of $190 million to $220 million, despite facing FSP pressures and lower pass-through costs, demonstrating confidence in future growth.
  • Technological Innovation: The launch of the Fortrea Intelligent Technology (FIT) suite aims to automate workflows through personalized AI solutions, enhancing operational efficiency and is expected to support market share growth in the biotech sector.
NASDAQ.COM
2.0
05-05NASDAQ.COM
Fortrea (FTRE) Q1 2026 Earnings Transcript
Yahoo Finance
9.5
04-14Yahoo Finance
Fortrea Faces Downward Risks Amid Weak Performance
  • Declining Revenue: Fortrea has experienced an annual revenue decline of 2.9% over the past four years, indicating weak demand and reflecting poor overall business quality, which may impact future investment attractiveness.
  • Unprofitable Growth Initiatives: The company's five-year average return on invested capital (ROIC) stands at a negative 10.8%, suggesting that management has failed to effectively utilize capital while attempting to expand, resulting in low investment returns within the healthcare sector.
  • Decreasing ROIC: Fortrea's ROIC has significantly declined, and coupled with its already low returns, this suggests that the company faces limited profitable growth opportunities, potentially diminishing investor confidence in its future prospects.
  • Market Valuation Risks: Currently, Fortrea trades at a forward P/E of 12.9x, with a share price of $9.39, indicating that the market may have overly optimistic expectations for its future performance, leading analysts to recommend focusing on companies with stronger fundamentals.
Newsfilter
5.0
03-10Newsfilter
Fortrea Grants Inducement RSUs to New Employees
  • Inducement Awards: On March 10, 2026, Fortrea granted 130,000 restricted stock units (RSUs) to four newly hired employees, vesting in three equal annual installments starting March 10, 2027, aimed at attracting and retaining talent to enhance the company's competitiveness.
  • Compliance: The awards comply with Nasdaq Listing Rule 5635(c)(4), ensuring that the company offers attractive incentive packages when recruiting new employees, thereby increasing its appeal in the industry.
  • Company Background: Fortrea is a leading global contract research organization focused on the life sciences sector, providing clinical development solutions, and leveraging three decades of experience and a strong research network to accelerate the development of innovative therapies.
  • Global Impact: Operating in approximately 100 countries, Fortrea's diverse talent pool enables the delivery of agile solutions to clients, further enhancing the efficiency and quality of global drug development.
Wall Street analysts forecast FTRE stock price to rise
8 Analyst Rating
Wall Street analysts forecast FTRE stock price to rise
3 Buy
4 Hold
1 Sell
Hold
Current: 0.000
sliders
Low
7.00
Averages
15.33
High
25.00
Current: 0.000
sliders
Low
7.00
Averages
15.33
High
25.00
Mizuho
Neutral
maintain
$11 -> $13
AI Analysis
2026-05-12
Reason
Mizuho
Price Target
$11 -> $13
AI Analysis
2026-05-12
maintain
Neutral
Reason
Mizuho raised the firm's price target on Fortrea to $13 from $11 and keeps a Neutral rating on the shares.
Deutsche Bank
Justin Bowers
Hold
maintain
$11 -> $14
2026-05-07
Reason
Deutsche Bank
Justin Bowers
Price Target
$11 -> $14
2026-05-07
maintain
Hold
Reason
Deutsche Bank analyst Justin Bowers raised the firm's price target on Fortrea to $14 from $11 and keeps a Hold rating on the shares.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for FTRE
Unlock Now

Valuation Metrics

The current forward P/E ratio for Fortrea Holdings Inc (FTRE.O) is 8.92, compared to its 5-year average forward P/E of 24.03. For a more detailed relative valuation and DCF analysis to assess Fortrea Holdings Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
24.03
Current PE
8.92
Overvalued PE
40.12
Undervalued PE
7.94

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
11.47
Current EV/EBITDA
14.59
Overvalued EV/EBITDA
16.72
Undervalued EV/EBITDA
6.22

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.64
Current PS
0.53
Overvalued PS
0.94
Undervalued PS
0.33

Financials

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Annual
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Whales Holding FTRE

C
Corvex Management LP
Holding
FTRE
+11.42%
3M Return
P
PDT Partners, LLC
Holding
FTRE
+9.63%
3M Return
S
Sessa Capital IM, L.P.
Holding
FTRE
+8.55%
3M Return
B
Beck, Mack & Oliver LLC
Holding
FTRE
+0.41%
3M Return
A
Ausbil Investment Management Limited
Holding
FTRE
-1.87%
3M Return

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Frequently Asked Questions

What is Fortrea Holdings Inc (FTRE) stock price today?

The current price of FTRE is 15.39 USD — it has increased 2.6

What is Fortrea Holdings Inc (FTRE)'s business?

Fortrea Holdings Inc. is a global contract research organization (CRO), which provides clinical development solutions to the life sciences industry. The Company is engaged in providing biopharmaceutical product and medical device development services to pharmaceutical, biotechnology and medical device customers. The Company offers customers flexible delivery models that include full service, functional service provider, and hybrid service structures. It provides phase I-IV clinical trial management, clinical pharmacology and consulting services. The Company manages its business through a single segment, Clinical Services, that provides services across the clinical pharmacology and clinical development spectrum. The Company has access to all key markets worldwide through a footprint of primary office locations in five countries (the United States, the United Kingdom, China, India and Singapore) with field operations in other jurisdictions worldwide.

What is the price predicton of FTRE Stock?

Wall Street analysts forecast FTRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTRE is15.33 USD with a low forecast of 7.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Fortrea Holdings Inc (FTRE)'s revenue for the last quarter?

Fortrea Holdings Inc revenue for the last quarter amounts to 636.50M USD, decreased -2.27

What is Fortrea Holdings Inc (FTRE)'s earnings per share (EPS) for the last quarter?

Fortrea Holdings Inc. EPS for the last quarter amounts to -0.25 USD, decreased -96.00

How many employees does Fortrea Holdings Inc (FTRE). have?

Fortrea Holdings Inc (FTRE) has 14300 emplpoyees as of May 31 2026.

What is Fortrea Holdings Inc (FTRE) market cap?

Today FTRE has the market capitalization of 1.46B USD.