FTRE NASDAQ
Credit Risk of going bust: higher than 79% of companies Debt: 33.0% of company value Bonds: $87.9M held by 98 funds, 255 bp over Treasuries → details ▾
If the stock fell to about $1.38 (down 94%), Fortrea Holdings Inc. would be worth roughly what it owes.
Total debt $1.12B against a stock market value of $2.27B.
Distance to default 2.66 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $544.6M (short-term plus half of long-term), stock volatility 70.0%; Altman Z'' -1.54. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Durham, NC 27713
US
Fortrea Holdings Inc. functions as a global contract research organization (CRO), concentrating on providing development services for biopharmaceutical products and medical devices. The company's operations are divided into two main segments: Clinical Services and Enabling Services. Its Clinical Services division offers support across the entire spectrum of clinical pharmacology and development. The Enabling Services segment, conversely, delivers patient access programs and cutting-edge clinical trial technology solutions, aiming to simplify complex randomization processes and optimize the supply of trial medications for its customers. Fortrea presents a range of engagement options, such as full-service provision, functional service provider (FSP) models, and hybrid structures. Additionally, its portfolio includes managing clinical trials from Phase I through IV, offering distinctive technology-powered trial solutions, and providing post-market approval services. The company's client base primarily consists of pharmaceutical, biotechnology, and medical device entities. Fortrea Holdings Inc. was founded in 2023 and has its headquarters in Durham, North Carolina.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| Knoblauch Jason Fred | A-Award | 144,434 | — | 2026-09-10 |
| Russell Carrie Eliza | S-Sale | 246 | $16.85 | 2026-09-09 |
| Morais Mark A. | S-Sale | 3,149 | $16.85 | 2026-09-09 |
| Russell Carrie Eliza | M-Exempt | 850 | — | 2026-09-08 |
| Russell Carrie Eliza | M-Exempt | 850 | — | 2026-09-08 |