Event-Driven Stocks

Fortrea Holdings Inc.

FTRENasdaq

Healthcare · Services-Medical Laboratories · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 3 good● 3 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21
Revenue$2.72B$2.70B$2.84B$2.84B$3.06B
Operating income−$872.6M−$161.9M$32.0M$187.1M$114.3M
Net income−$986.2M−$328.5M−$25.2M$186.2M$98.0M
Total assets$2.72B$3.58B$4.33B$4.29B—
Total liabilities$2.15B$2.22B$2.62B$945.3M—
Equity$563.5M$1.36B$1.71B$3.34B$3.26B
EPS (diluted)$-10.81$-3.67$-0.29$2.09$1.10
Shares out.90.2M89.4M88.8M088.8M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−32.0%
Net margin
−36.2%
Return on equity
−175.0%
Return on assets
−36.3%
Return on capital (ROCE)
−48.4%
Liabilities / assets
79.3%
Debt / equity
3.82×
Book value / share
$6.25
Revenue growth (YoY)
1.0%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-3.58distress
Accruals / assets
−40.5%clean
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
58
/ 100
Profitability 0Growth 100Catalyst 67Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 2 severe● 3 warning● 3 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • High leverage (liabilities > 70% of assets)
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20269.5M5.5-10.1%
Apr 30, 202610.6M7.4-0.2%
Apr 15, 202610.6M11.9+2.6%
Mar 31, 202610.3M8.1-4.3%
Mar 13, 202610.8M5.9+13.3%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Corporate family

Spun off from LabcorpLH · Jun 30, 2023

From the spin-off filings we track. Follow a company to walk its own history.

Event-driven situations (2)