Fortrea Holdings Inc. is classed by the SEC under Services-Medical Laboratories (industry code 8071), based in Durham, NC. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $2.7 billion and a loss of $986 million (its filed statements).
Usage businessServices-Medical LaboratoriesDurham, NCfilings since 20238 of 9 filed, 1 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a usage business: prior from its industry code (SEC 8071, Services-Medical Laboratories); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 3.3 out of ten, 8 of 9 metrics filed and 1 estimated: past 3.5 out of ten, present 2.9 out of ten, future 3.5 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 3.7 out of ten. 1 warning event since 2023; the latest 2024-05-15. 37th percentile among 27 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 3.4 out of ten. -2.9% a year over 5 filed years; profitable in 2 of 5. 34th percentile among 23 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 3.5 out of ten. CrossAssetData estimate 3.5/10, confidence 35 of 100 (one part). 35th percentile among 24 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Financial health (present): 1.4 out of ten. ROE -175%: lost 175¢ per shareholder dollar. Leverage 79%: owes 79¢ per asset dollar. 14th percentile among 25 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 5.0 out of ten. bottom 50% of 23 in its family; net margin -36.2%. 50th percentile among 23 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 1.1 out of ten. bottom 11% of 17 in its family for leadership; chief executive since 2025. 11th percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 3.4 out of ten. bottom 34% of 23 in its family for room to expand. 34th percentile among 23 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 4.2 out of ten. bottom 42% of 23 in its family for growth drivers. 42nd percentile among 23 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 2.4 out of ten. bottom 24% of 20 in its family for expectations against reality. 24th percentile among 20 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-02-26 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-07-29 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-07-29 for the period ended 2026-07-27 (on EDGAR). Newest filing: Form 8-K, 2026-09-30. Filings on record since 2023. Read from EDGAR 2026-10-12.
Where the revenue comes from
By geography: North America 47%, Europe 31%, Other 21%. As tagged in its annual report (Form 10-K, filed 2026-02-26).
Who runs it
Thakral, Anshul (Chief Executive Officer); Neupert, Peter M (Chief Executive Officer); Knoblauch, Jason Fredrick (Chief Financial Officer); Smith, David Ross (Interim CFO); Mcconnell, Jill G. (Chief Financial Officer); Morais, Mark A. (Chief Operating Officer); Parks, Robert (Chief Accounting Officer); Russell, Carrie Elizabeth (Interim CAO); Hanson, James S. (General Counsel); Sanders, Machelle (director); and 4 more. 14 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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