Fortrea Holdings Inc. (FTRE) intrinsic value & 10-year financials
Fortrea Holdings Inc. (FTRE) has a Graham intrinsic value of $5.24 per share. At $22.49 on Oct 17, 2026, the stock trades 329% above that value. Over the last 6 fiscal years revenue shrank 2.9% a year to $2.7B, with an average return on invested capital of -8.2%.
- Graham intrinsic value
- $5.24
- Share price (Oct 17, 2026)
- $22.49
- Price vs Graham value
- 329% above
- Market cap
- $2.0B
- Revenue (FY2025)
- $2.7B
- Revenue growth (6-yr CAGR)
- -2.9%
- ROIC (10-yr avg)
- -8.2%
- Free cash flow (FY2025)
- $88.3M
FTRE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.7B | -$986.2M | -$10.81 | $88.3M | -32.0% | -44.5% |
| FY2024 | $2.7B | -$328.5M | -$3.67 | $237.3M | -6.0% | -5.6% |
| FY2023 | $3.1B | -$3.4M | -$0.04 | $127.1M | 2.0% | 1.0% |
| FY2022 | $3.1B | $192.9M | $2.17 | $33.1M | 7.6% | 5.9% |
| FY2021 | $3.1B | $98.0M | $1.10 | $143.3M | 3.7% | 2.5% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Fortrea Holdings Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Fortrea Holdings Inc. has historically struggled to out-earn its cost of capital, averaging just -8.1% ROIC.
Fortrea Holdings Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Fortrea Holdings Inc. is modeled at -2.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.24 per share.