Fortrea Holdings Inc.

FTRE Nasdaq Healthcare · Services-Medical Laboratories Durham, NC www.fortrea.com/
$22.82
Mkt Cap 2.20B

Contract research organization providing clinical trial management and drug and medical device development services to pharmaceutical and biotech customers.

From the annual report

Fortrea Holdings Inc. is a leading global contract research organization ( CRO ), providing biopharmaceutical product and medical device development solutions to pharmaceutical, biotechnology and medical device customers. We provide phase I through IV clinical trial management, clinical pharmacology, and consulting services for our customers. For more than 30 years, we have supported our global pharmaceutical, biotechnology, and medical device customers across more than 20 therapeutic areas, providing agile delivery models that include Full Service, Functional Service Provider ( FSP ), and Hybrid structures. We believe we are well positioned to leverage our global scale, scientific and therapeutic expertise, access to clinical data-driven insights, industry network, and decades of experience to bring customers distinctive, expert solutions. Our team of approximately 14,300 employees is able to conduct operations in approximately 100 countries. Our solutions streamline the biopharmaceutical product and medical device development process. Fortrea combines decades of domain expertise with the nimbleness required to meet market demand for flexible engagements with large and small customers, delivering solutions that bring life-changing treatments to patients faster and creating value for all stakeholders. Our expertise in the biopharmaceutical product and medical device development process has enabled us to design service offerings to better meet the needs of customers. We manage our business in one reporting segment Clinical Services. Fortrea Holdings Inc.

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/100 Overall
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📊 Key Metrics
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REVENUE TTM
$2.67B
FCF TTM
$169.0M
P/FCF
13.0x
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