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Fortrea Holdings Inc.

FTRE

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
2,696
Cost of Revenue
2,162
Gross Profit
534
Gross Margin
19.8%
Operating Income
-162
Operating Margin
-6.0%
Net Income
-329
Net Margin
-12.2%
EPS (Basic)
$-3.67
EPS (Diluted)
$-3.67
EBITDA
-64
EBITDA Margin
-2.4%

2023

12/31/2023

Revenue
2,843
Cost of Revenue
2,252
Gross Profit
591
Gross Margin
20.8%
Operating Income
32
Operating Margin
1.1%
Net Income
-25
Net Margin
-0.9%
EPS (Basic)
$-0.04
EPS (Diluted)
$-0.04
EBITDA
137
EBITDA Margin
4.8%

2022

12/31/2022

Revenue
2,837
Cost of Revenue
2,113
Gross Profit
724
Gross Margin
25.5%
Operating Income
187
Operating Margin
6.6%
Net Income
186
Net Margin
6.6%
EPS (Basic)
$2.11
EPS (Diluted)
$2.11
EBITDA
281
EBITDA Margin
9.9%

2021

12/31/2021

Revenue
3,058
Cost of Revenue
2,453
Gross Profit
604
Gross Margin
19.8%
Operating Income
114
Operating Margin
3.7%
Net Income
98
Net Margin
3.2%
EPS (Basic)
$1.11
EPS (Diluted)
$1.11
EBITDA
303
EBITDA Margin
9.9%

2020

12/31/2020

Revenue
2,580
Cost of Revenue
2,091
Gross Profit
489
Gross Margin
19.0%
Operating Income
-314
Operating Margin
-12.2%
Net Income
-359
Net Margin
-13.9%
EPS (Basic)
$-4.06
EPS (Diluted)
$-4.06
EBITDA
222
EBITDA Margin
8.6%