Fortrea Holdings Inc. (FTRE) Revenue History
Annual and quarterly revenue from 2021 to 2025
Compound Annual Growth Rate (CAGR)
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FTRE Revenue Growth
Revenue Breakdown (FY 2025)
FTRE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FTRE Revenue Analysis (2021–2025)
As of May 8, 2026, Fortrea Holdings Inc. (FTRE) generated trailing twelve-month (TTM) revenue of $2.71 billion, reflecting slight decline in growth of -2.3% year-over-year. The most recent quarter (Q1 2026) recorded $636.5 million in revenue, down 3.6% sequentially.
Looking at the longer-term picture, FTRE's historical revenue data shows a 3-year CAGR of -1.4%. The company achieved its highest annual revenue of $3.06 billion in 2021.
Revenue diversification analysis shows FTRE's business is primarily driven by Clinical Services Segment (100%). With over half of revenue concentrated in Clinical Services Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including IQV (+7.3% YoY), CRL (+0.1% YoY), and MEDP (+24.2% YoY), FTRE has underperformed the peer group in terms of revenue growth. Compare FTRE vs IQV →
FTRE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FTRECurrent | $2.7B | -2.3% | - | -1.1% | |
 IQV | $16.3B | +7.3% | +7.5% | 14.0% | |
 CRL | $4.0B | +0.1% | +6.5% | 12.6% | |
 MEDP | $2.5B | +24.2% | +22.3% | 21.1% | |
 PRA | $1.1B | -3.2% | +4.4% | 6.6% | |
 ICLR | $8.3B | -2.5% | +24.2% | 13.3% |
FTRE Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.72B | +1.0% | $425.8M | 15.6% | $-30,600,000 | -1.1% |
| 2024 | $2.70B | -5.1% | $534.2M | 19.8% | $-161,900,000 | -6.0% |
| 2023 | $2.84B | +0.2% | $590.6M | 20.8% | $32.0M | 1.1% |
| 2022 | $2.84B | -7.2% | $724.4M | 25.5% | $187.1M | 6.6% |
| 2021 | $3.06B | - | $604.4M | 19.8% | $114.3M | 3.7% |
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Start ComparisonFTRE — Frequently Asked Questions
Quick answers to the most common questions about buying FTRE stock.
Is FTRE's revenue growth accelerating or slowing?
FTRE revenue growth slowed to -2.3%, below the 5-year CAGR of N/A. TTM revenue is $2.7B. The deceleration marks a shift from historical growth rates.
What is FTRE's long-term revenue growth rate?
Fortrea Holdings Inc.'s 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -2.3% is near this long-term average.
How is FTRE's revenue distributed by segment?
FTRE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2021-2025 are available for download. Segment mix reveals concentration and diversification trends.