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Fortrea Holdings Inc
Previous close
$19.50
Day range
$19.18 - $20.14
Year range
$16.53 - $41.02
Market cap
1.77B USD
Avg Volume
1.32M
P/E ratio
-
Dividend yield
-
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Revenue | 674.90M | -5.45% |
Operating expense | 157.50M | 21.53% |
Net income | -27.90M | -99.29% |
Net profit margin | -4.13 | -110.71% |
Earnings per share | 0.23 | -4.17% |
EBITDA | 12.00M | -72.22% |
Effective tax rate | 48.32% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 105.30M | -4.01% |
Total assets | 3.66B | -15.13% |
Total liabilities | 2.15B | -18.01% |
Total equity | 1.51B | — |
Shares outstanding | 89.70M | — |
Price to book | 1.16 | — |
Return on assets | -0.64% | — |
Return on capital | -0.85% | — |
Cash Flow
Net change in cash
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Net income | -27.90M | -99.29% |
Cash from operations | -2.40M | -226.32% |
Cash from investing | -8.10M | -400.00% |
Cash from financing | -14.00M | -81.82% |
Net change in cash | -20.90M | -309.80% |
Free cash flow | -19.35M | -269.37% |
About
Fortrea Holdings Inc. is a contract research organization organized in Delaware and headquartered in Durham, North Carolina with operations in 90 countries. Its customers are primarily in the pharmaceutical, biotechnology, and medical device industries.
Its primary business is handling all aspects of clinical trials including phase I through IV clinical trial management, clinical pharmacology, and post-approval services. It handles regulatory affairs, protocol design, operational planning, study and site start-up, patient recruitment, project management, monitoring, data management and biostatistics, pharmacovigilance, medical writing, and mobile clinical services. It focuses on oncology, central nervous system and neurodegenerative, rare diseases, and cell and gene therapies. In the five years ending in 2023, it conducted more than 5,850 clinical trials involving over 1 million subjects. It also conducted over 600 studies for medical device companies.
The company is one of the largest participants in the international primate trade and has been criticized for its animal testing practices, most specifically animal testing on non-human primates. Wikipedia
Founded
Apr 1996
Website
Employees
15,500