FTRE
Fortrea Holdings Inc.
NasdaqGSUSDEQUITY
Healthcare
DELAYED
Strong buy
+67/100
Last price
20.65
▼ 0.13 (0.63%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
20.38
Prev close
20.78
Day high
20.97
Day low
20.24
Volume
128.23K
Market cap
$1.96B
P/E (TTM)
—
52W range
8.55 – 23.51
Day trading desk
Gap from prior close
-1.92%
Prior close 20.78
VWAP
20.64
+0.07% from price
Relative volume
0.08×
Quiet session
Session range
3.61%
20.24 – 20.97
Position in range
56%
Mid range
ATR (14D)
1.12
5.42% of price
Prior day high
23.51
PDH
Prior day low
20.73
PDL
Bid / ask spread
—
Quote not published
Session volume
110.54K
Avg 1.45M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+3.51%
+2.0%
1M
+21.04%
+20.0%
3M
+16.86%
+13.9%
6M
+114.43%
+99.9%
YTD
+19.71%
+6.2%
1Y
+115.33%
+100.1%
3Y
-25.53%
-106.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on FTRE open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+561.10K
Net buying
Buy transactions
13
807.22K shares
Sell transactions
10
246.12K shares
Net transactions
+23
Buys less sells
Sell : buy shares
0.3 : 1
Mixed
Insider-held shares
1.17M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 9, 26 | MORAIS MARK A Chief Operating Officer |
SELL | 3.15K | $53.06K | Direct |
| Sep 9, 26 | RUSSELL, CARRIE ELIZABETH Officer |
SELL | 246 | $4.14K | Direct |
| Sep 8, 26 | MORAIS MARK A Chief Operating Officer |
— | 7.16K | — | Direct |
| Sep 8, 26 | RUSSELL, CARRIE ELIZABETH Officer |
— | 850 | — | Direct |
| Aug 19, 26 | MORAIS MARK A Chief Operating Officer |
SELL | 4.89K | $88.98K | Direct |
| Aug 18, 26 | MORAIS MARK A Chief Operating Officer |
— | 11.31K | — | Direct |
| Aug 6, 26 | THAKRAL ANSHUL Chief Executive Officer |
SELL | 111.86K | $2.03M | Direct |
| Aug 5, 26 | THAKRAL ANSHUL Chief Executive Officer |
SELL | 99.87K | $1.91M | Direct |
| Aug 4, 26 | THAKRAL ANSHUL Chief Executive Officer |
— | 416.67K | — | Direct |
| Aug 3, 26 | SANDERS MACHELLE Director |
SELL | 9.70K | $174.70K | Direct |
| Jul 20, 26 | SMITH DAVID ROSS Director |
— | 6.60K | — | Direct |
| Jun 10, 26 | PESICKA EDWARD A Director |
— | 38.82K | — | Direct |
| Jun 10, 26 | RUSSELL ERIN L Director |
— | 38.82K | — | Direct |
| Jun 10, 26 | SMITH DAVID ROSS Director |
— | 38.82K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
MCCONNELL JILL G |
Chief Financial Officer | 78.42K | Sale |
MORAIS MARK A |
Chief Operating Officer | 86.42K | Sale |
NEUPERT PETER M |
Director | 246.67K | Conversion of Exercise of derivative security |
PESICKA EDWARD A |
Director | 52.45K | Conversion of Exercise of derivative security |
PIKE THOMAS |
Chief Executive Officer | 159.87K | Sale |
RAY AMRIT |
Director | 52.45K | Conversion of Exercise of derivative security |
RUSSELL ERIN L |
Director | 72.62K | Conversion of Exercise of derivative security |
SANDERS MACHELLE |
Director | 36.40K | Sale |
SMITH DAVID ROSS |
Director | 36.72K | Conversion of Exercise of derivative security |
THAKRAL ANSHUL |
Chief Executive Officer | 204.94K | Sale |
Fundamentals
Market cap$1.96B
Enterprise value$2.93B
Revenue (TTM)$2.68B
Gross profit$516.60M
EBITDA$98.30M
Net income$-85.20M
EPS (TTM)$-0.91
Free cash flow$278.86M
Total cash$168.60M
Total debt$1.12B
Book value / share$5.51
Shares outstanding95.10M
Float93.98M
Short % of float15.50%
Dividend yield0.00%
Beta (5Y)1.91
Valuation & profitability ratios
Trailing P/E—
Forward P/E18.04
PEG ratio0.34
Price / sales—
Price / book3.75
EV / revenue1.09
EV / EBITDA29.76
Gross margin19.30%
Operating margin2.58%
Profit margin-3.18%
Return on equity-15.30%
Return on assets0.58%
Debt / equity213.24
Current ratio0.96
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.72B | $2.70B | $2.84B | $2.84B | +1.0% |
| Operating revenue | $2.72B | $2.70B | $2.84B | $2.84B | +1.0% |
| Cost of revenue | $2.22B | $2.16B | $2.25B | $2.11B | +2.7% |
| Gross profit | $503.80M | $534.20M | $590.60M | $724.40M | -5.7% |
| Selling, general & admin | $456.40M | $560.70M | $448.10M | $416.10M | -18.6% |
| Total operating expense | $534.40M | $646.00M | $537.40M | $501.60M | -17.3% |
| Operating income | -$30.60M | -$111.80M | $53.20M | $222.80M | +72.6% |
| Net interest income | -$91.40M | -$123.80M | -$69.70M | -$200.00K | +26.2% |
| Pre-tax income | -$983.00M | -$275.00M | -$30.50M | $187.00M | -257.5% |
| Tax provision | $3.20M | -$3.50M | $1.20M | $41.10M | +191.4% |
| Net income | -$986.20M | -$328.50M | -$25.20M | $186.20M | -200.2% |
| Net income to common | -$986.20M | -$328.50M | -$25.20M | $186.20M | -200.2% |
| Basic EPS | -10.81 | -3.67 | -0.04 | 2.11 | -194.6% |
| Diluted EPS | -10.81 | -3.67 | -0.04 | 2.11 | -194.6% |
| EBIT | -$891.60M | -$151.20M | $39.20M | $187.20M | -489.7% |
| EBITDA | -$813.60M | -$64.30M | $137.20M | $280.80M | -1,165.3% |
| Basic shares | 91.23M | 89.51M | 85.00M | 88.40M | +1.9% |
| Diluted shares | 91.23M | 89.51M | 85.00M | 88.40M | +1.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $174.60M | $118.50M | $108.60M | $112.00M | +47.3% |
| Cash & short-term investments | $174.60M | $118.50M | $108.60M | $112.00M | +47.3% |
| Accounts receivable | $113.60M | $156.50M | $420.20M | $449.20M | -27.4% |
| Total current assets | $897.20M | $948.20M | $1.25B | $1.25B | -5.4% |
| Property, plant & equipment | $149.50M | $156.30M | $172.60M | $164.90M | -4.4% |
| Goodwill & intangibles | $1.58B | $2.37B | $2.47B | $2.82B | -33.1% |
| Total assets | $2.72B | $3.58B | $4.33B | $4.29B | -24.1% |
| Total current liabilities | $913.30M | $949.50M | $778.40M | $699.00M | -3.8% |
| Current debt | $4.80M | $74.80M | $26.10M | — | -93.6% |
| Long-term debt | $1.05B | $1.05B | $1.57B | — | -0.2% |
| Total debt | $1.12B | $1.20B | $1.67B | $63.40M | -6.9% |
| Total liabilities | $2.15B | $2.22B | $2.62B | $945.30M | -2.9% |
| Retained earnings | -$1.38B | -$397.00M | -$68.50M | $0 | -248.4% |
| Shareholder equity | $563.50M | $1.36B | $1.71B | $3.34B | -58.6% |
| Working capital | -$16.10M | -$1.30M | $472.40M | $547.90M | -1,138.5% |
| Net tangible assets | -$1.02B | -$1.00B | -$753.40M | $522.00M | -1.5% |
| Shares issued | 93.10M | 89.70M | 88.80M | 88.80M | +3.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$986.20M | -$328.50M | -$25.20M | $186.20M | -200.2% |
| Depreciation & amortisation | $78.00M | $86.90M | $98.00M | $93.60M | -10.2% |
| Stock-based compensation | $74.40M | $58.40M | $42.70M | $25.40M | +27.4% |
| Change in working capital | $114.70M | $384.00M | $22.50M | -$248.20M | -70.1% |
| Operating cash flow | $113.50M | $262.80M | $168.40M | $82.70M | -56.8% |
| Capital expenditure | -$25.20M | -$25.50M | -$40.30M | -$54.40M | +1.2% |
| Investing cash flow | $14.40M | $251.60M | -$31.80M | -$54.00M | -94.3% |
| Financing cash flow | -$76.30M | -$497.80M | -$140.80M | -$6.30M | +84.7% |
| Free cash flow | $88.30M | $237.30M | $128.10M | $28.30M | -62.8% |
| End cash position | $174.60M | $118.50M | $108.60M | $110.40M | +47.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $678.20M | $636.50M | $660.50M | $701.30M | $710.30M | +6.6% |
| Operating revenue | $678.20M | $636.50M | $660.50M | $701.30M | $710.30M | +6.6% |
| Cost of revenue | $539.00M | $512.90M | $529.40M | $578.60M | $576.80M | +5.1% |
| Gross profit | $139.20M | $123.60M | $131.10M | $122.70M | $133.50M | +12.6% |
| Selling, general & admin | $102.10M | $100.50M | $103.00M | $106.80M | $124.80M | +1.6% |
| Total operating expense | $121.70M | $120.30M | $122.30M | $126.40M | $144.40M | +1.2% |
| Operating income | $17.50M | $3.30M | $8.80M | -$3.70M | -$10.90M | +430.3% |
| Net interest income | -$19.30M | -$19.10M | -$23.20M | -$22.60M | -$23.30M | -1.0% |
| Pre-tax income | -$1.20M | -$12.30M | -$35.60M | -$28.70M | -$370.70M | +90.2% |
| Tax provision | $12.00M | $11.30M | -$3.10M | -$12.80M | $4.20M | +6.2% |
| Net income | -$13.20M | -$23.60M | -$32.50M | -$15.90M | -$374.90M | +44.1% |
| Net income to common | -$13.20M | -$23.60M | -$32.50M | -$15.90M | -$374.90M | +44.1% |
| Basic EPS | -0.14 | -0.25 | -0.35 | -0.17 | -4.14 | +44.0% |
| Diluted EPS | -0.14 | -0.25 | -0.35 | -0.17 | -4.14 | +44.0% |
| EBIT | $18.10M | $6.80M | -$12.40M | -$6.10M | -$347.40M | +166.2% |
| EBITDA | $37.70M | $26.60M | $6.90M | $13.50M | -$327.80M | +41.7% |
| Basic shares | 94.29M | 94.40M | 92.86M | 93.53M | 90.60M | -0.1% |
| Diluted shares | 94.29M | 94.40M | 92.86M | 93.53M | 91.10M | -0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $168.60M | $147.50M | $174.60M | $131.30M | $81.20M | +14.3% |
| Cash & short-term investments | $168.60M | $147.50M | $174.60M | $131.30M | $81.20M | +14.3% |
| Accounts receivable | $189.00M | $129.00M | $113.60M | $163.40M | $244.50M | +46.5% |
| Total current assets | $923.60M | $881.50M | $897.20M | $918.50M | $960.00M | +4.8% |
| Property, plant & equipment | $156.20M | $157.10M | $149.50M | $147.60M | $148.70M | -0.6% |
| Goodwill & intangibles | $1.54B | $1.55B | $1.58B | $1.59B | $1.62B | -1.0% |
| Total assets | $2.71B | $2.68B | $2.72B | $2.74B | $2.84B | +1.2% |
| Total current liabilities | $963.70M | $929.10M | $913.30M | $914.40M | $942.30M | +3.7% |
| Current debt | $17.10M | $10.90M | $4.80M | $74.50M | $74.80M | +56.9% |
| Long-term debt | $1.04B | $1.04B | $1.05B | $1.05B | $1.10B | -0.5% |
| Total debt | $1.12B | $1.12B | $1.12B | $1.19B | $1.24B | -0.0% |
| Total liabilities | $2.19B | $2.16B | $2.15B | $2.16B | $2.25B | +1.5% |
| Retained earnings | -$1.42B | -$1.41B | -$1.38B | -$1.35B | -$1.33B | -0.9% |
| Shareholder equity | $524.20M | $525.90M | $563.50M | $580.80M | $589.20M | -0.3% |
| Working capital | -$40.10M | -$47.60M | -$16.10M | $4.10M | $17.70M | +15.8% |
| Net tangible assets | -$1.01B | -$1.03B | -$1.02B | -$1.01B | -$1.03B | +1.3% |
| Shares issued | 95.10M | 94.60M | 93.10M | 92.20M | 90.80M | +0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$13.20M | -$23.60M | -$32.50M | -$15.90M | -$374.90M | +44.1% |
| Depreciation & amortisation | $19.60M | $19.80M | $19.30M | $19.60M | $19.60M | -1.0% |
| Stock-based compensation | $12.60M | $11.40M | $14.80M | $22.30M | $22.70M | +10.5% |
| Change in working capital | $300.00K | -$17.80M | $132.80M | $60.20M | $19.70M | +101.7% |
| Operating cash flow | $28.90M | -$17.00M | $129.10M | $86.80M | $21.80M | +270.0% |
| Capital expenditure | -$9.00M | -$8.00M | -$7.50M | -$7.30M | -$7.50M | -12.5% |
| Investing cash flow | -$7.00M | -$8.00M | -$7.50M | $13.30M | -$7.50M | +12.5% |
| Financing cash flow | $0 | $0 | -$75.70M | -$50.00M | -$39.00M | — |
| Free cash flow | $19.90M | -$25.00M | $121.60M | $79.50M | $14.30M | +179.6% |
| End cash position | $168.60M | $147.50M | $174.60M | $131.30M | $81.20M | +14.3% |
Options analytics
Put / call volume
0.01
Call-heavy session
Put / call open interest
0.04
Positioning, not flow
Max pain
17.50
-15.3% from spot
ATM implied vol
73.9%
Nearest strike to spot
Skew (10% OTM)
+37.9%
Puts bid over calls
Call volume
1.26K
Contracts, this expiry
Put volume
13
Contracts, this expiry
Heaviest call OI
22.50
2.62K contracts
Heaviest put OI
17.50
84 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.18 | 0.23 | +27.2% |
| Mar 2026 | 0.05 | 0.16 | +211.9% |
| Dec 2025 | 0.16 | 0.09 | -43.8% |
| Sep 2025 | 0.16 | 0.12 | -25.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.22 | 12 | $671.53M | -4.3% |
| Next quarter | 0.25 | 12 | $676.68M | +2.5% |
| Current year | 0.84 | 12 | $2.66B | -2.2% |
| Next year | 1.14 | 13 | $2.75B | +3.2% |
Analyst targets & ownership
Mean target$20.83
High target$26.00
Low target$13.00
Implied upside0.89%
Analyst count12
ConsensusBUY
Strong buy / Buy1 / 5
Hold5
Sell / Strong sell0 / 2
Held by insiders1.23%
Held by institutions108.34%
Institutions holding456
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
20.16
+2.43% from price
SMA 20
19.66
+5.06% from price
SMA 50
18.88
+9.40% from price
SMA 100
17.73
+16.49% from price
SMA 200
15.25
+35.39% from price
EMA 12
20.12
+2.66% from price
EMA 26
19.56
+5.60% from price
EMA 50
18.90
+9.29% from price
RSI (14)
59.5
Neutral
MACD (12,26,9)
0.56
Hist 0.08
ATR (14)
1.12
5.42% of price
Realised vol 30D
52.5%
Annualised
Bollinger upper
21.86
20, 2σ
Bollinger lower
17.45
20, 2σ
50 / 200 cross
Golden
18.88 vs 15.25
Trend bias
Above 200
+35.39%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.01
More volatile than market
Correlation to SPY
0.36
Loosely linked
Realised vol 30D
52.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-51.8%
Peak to trough
Max drawdown 5Y
-89.9%
Peak to trough
ATR 14
1.12
5.42% of price
Beta (reported)
1.91
5Y monthly, from filing
Short interest
Shares short
12.55M
Prior 11.50M
Change vs prior
+9.1%
Shorts adding
% of float
15.50%
Elevated
% of shares out
13.20%
Against total outstanding
Days to cover
11.0
Crowded exit
Float
93.98M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 26 | Barclays | UPGRADE | Equal-Weight | Overweight |
| Sep 30, 26 | UBS | INITIATED | — | Neutral |
| Aug 4, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Jul 31, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Jul 30, 26 | Truist Securities | MAINTAINED | Buy | Buy |
| Jul 30, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Jul 30, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 13, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| Jun 24, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| May 12, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| May 6, 26 | Citigroup | MAINTAINED | Buy | Buy |
| May 6, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-30
Corporate Changes & Voting Matters
8-K · 2026-07-29
Corporate Changes & Voting Matters
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Headlines
Barclays Upgrades Fortrea to Overweight From Equalweight
MT Newswires · 3h ago
Fortrea (FTRE) Stock Trades Up, Here Is Why
StockStory · 18h ago
Barclays Upgrades Fortrea Holdings to Overweight From Equalweight
MT Newswires · 1d ago
2 Volatile Stocks to Consider Right Now and 1 We Find Risky
StockStory · 2d ago
Fortrea Announces Date for Third Quarter 2026 Financial Results and Conference Call
GlobeNewswire · 2d ago
1 Momentum Stock to Research Further and 2 We Turn Down
StockStory · 5d ago
3 Healthcare Stocks That Concern Us
StockStory · 7d ago
Fortrea (FTRE) Stock Could Be 46% Undervalued As Deal Questions Build
Simply Wall St. · 11d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.