Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $3.06B | $2.84B | $2.84B | $2.70B | $2.72B |
| Revenue growth | — | -7.2% | 0.2% | -5.1% | 1.0% |
| Operating income | $114M | $187M | $32.0M | -$162M | -$873M |
| Operating margin | 3.7% | 6.6% | 1.1% | -6.0% | -32.0% |
| Net income | $98.0M | $186M | -$25.2M | -$329M | -$986M |
| Net margin | 3.2% | 6.6% | -0.9% | -12.2% | -36.2% |
| EPS (diluted) | $1.10 | $2.09 | -$0.29 | -$3.67 | -$10.81 |
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | $170M | $82.7M | $168M | $263M | $114M |
| Capital expenditures | $26.5M | $54.4M | $40.3M | $25.5M | $25.2M |
| Free cash flow | $143M | $28.3M | $128M | $237M | $88.3M |
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $94.6M | $112M | $109M | $119M | $175M |
| Total assets | — | $4.29B | $4.33B | $3.58B | $2.72B |
| Total liabilities | — | $945M | $2.62B | $2.22B | $2.15B |
| Long-term debt | — | $0.00 | $1.57B | $1.05B | $1.05B |
| Shareholders' equity | $3.26B | $3.34B | $1.71B | $1.36B | $564M |
| Retained earnings | — | $0.00 | -$68.5M | -$397M | -$1.38B |
| Shares (wtd avg diluted) | 88.8M | 88.8M | 88.8M | 89.7M | 93.1M |
Every figure is extracted from Fortrea Holdings Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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