All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2023; the latest 2024-05-15.
From the record
Fortrea Holdings Inc.'s filings since 2023 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-05-15) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-2.9% a year over 5 filed years; profitable in 2 of 5.
From the record
Fortrea Holdings Inc.'s 5 filed years say what it did: revenue went from $3.1 billion in fiscal 2021 to $2.7 billion in fiscal 2025, down 2.9% a year; it rose in 2 of 4 years; the deepest fall was 12% from fiscal 2021 to fiscal 2024; net income was positive in 2 of 5 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 3.6/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Fortrea Holdings Inc.'s shareholder treatment is put at 3.6 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 36% of 24 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -175%: lost 175¢ per shareholder dollar. Leverage 79%: owes 79¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Fortrea Holdings Inc. lost about 175 cents for every dollar of shareholders' money. Leverage: it owed about 79 cents per dollar of assets (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 49% of 24 in its family; net margin -36.2%.
From the record
Fortrea Holdings Inc.'s standing among 24 graded names in its industry family: revenue of $2.7 billion in fiscal 2025 ranks in the top 7% by size; a net margin of -36.2% ranks in the bottom 35%; revenue growth of -1.4% a year over the last 3 filed years ranks in the bottom 20% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 8% of 17 in its family for leadership; chief executive since 2025.
From the record
Fortrea Holdings Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Thakral, Anshul (Chief Executive Officer, as filed), filing under that title since 2025-08-04, 1.3 years (bottom 15% of its family); most of the 14 officers and directors filing now have filed since the record of its people begins (2023-06-09), a floor of 2.9 years the record cannot see past, so that part is not read; 17 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (bottom 2%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 35% of 24 in its family for room to expand.
From the record
Fortrea Holdings Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $175 million against debt of $1.0 billion leaves -32.2% of its assets as net cash, bottom 10% of its family; cash from operations less capital spending is 3.2% of revenue (top 40%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 42% of 23 in its family for growth drivers.
From the record
Fortrea Holdings Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -1.4% a year over the last three filed years against -2.9% over all 5, speeding up (top 24% of its family); the newest year grew 1% (bottom 20%); capital spending grew -22.6% a year (bottom 31%) (its annual reports). Fortrea Holdings Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 24% of 20 in its family for expectations against reality.
From the record
Fortrea Holdings Inc.'s newest year against its own record: revenue of $2.7 billion in fiscal 2025 came in 3.6% above the $2.6 billion its prior three years' pace pointed to (top 37% of its family); net income of $986 million against a prior three-year average of $56 million (bottom 3%); a net margin of -36.2% against -2.2% before (bottom 8%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made