Fortrea Holdings Inc. (FTRE) Revenue History
Annual and quarterly revenue from 2021 to present
FTRE Revenue Over Time (2021–2025)
FTRE Revenue Growth History
2 of 4 years with positive growth- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- -7.2%
- FY2023 revenue growth
- +0.2%
- FY2024 revenue growth
- -5.1%
- FY2025 revenue growth
- +1.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $636.5M | -2.3% |
| Q4 2025 | $660.5M | -5.2% |
| Q3 2025 | $701.3M | +3.9% |
| Q2 2025 | $710.3M | +7.2% |
| Q1 2025 | $651.3M | -1.6% |
| Q4 2024 | $697.0M | -10.1% |
| Q3 2024 | $674.9M | -5.4% |
| Q2 2024 | $662.4M | -8.6% |
Multi-year avg. share of annual revenue by fiscal quarter
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)
Current Revenue & Growth
As of June 23, 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.
Historical Growth Trajectory
FTRE's historical revenue data shows a 3-year CAGR of -1.4%. Fortrea Holdings Inc.'s highest annual revenue of $3.06 billion was recorded in 2021.
Revenue by Segment
FTRE's revenue is primarily driven by Clinical Services Segment (100%). With over half of revenue concentrated in Clinical Services Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
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 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 | -1.3% | +24.2% | 12.3% |
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% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FTRE — 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 is slowing. TTM revenue is $2.7B, up -2.3% year-over-year — below the 5-year CAGR of N/A. The deceleration suggests maturing end-markets or increased competition.
What is FTRE's revenue history from 2021 to 2026?
Fortrea Holdings Inc. (FTRE) revenue history spans 2021 to 2026. TTM revenue as of 2026 is $2.7B, growing at -2.3% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FTRE's long-term revenue growth rate (CAGR)?
Fortrea Holdings Inc.'s 5-year revenue CAGR of N/A reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -2.3% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FTRE.
Why does FTRE's quarterly revenue fluctuate?
FTRE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Fortrea Holdings Inc.'s revenue data from 2021 to 2026 shows full historical quarterly detail on this page.
How is FTRE's revenue distributed by segment?
FTRE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FTRE's revenue compare to industry peers?
Fortrea Holdings Inc. (FTRE) with TTM revenue of $2.7B and -2.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.