Jun 2026 (Q2 FY26) — Jul 29, 2026
Fortrea Q2 FY26 — Strong Commercial Momentum and Raised Full-Year Guidance
Read the full callFortrea earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 678 | −4.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.2 | +48.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -13.2 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $9.55 on 14 Oct 2025 → $22.75. High $22.75 (15 Oct 2026), low $8.87 (30 Mar 2026).
Overview
Call summaries
Fortrea Q2 FY26 — Strong Commercial Momentum and Raised Full-Year Guidance
Read the full callEvery analysed call
Financials
Net profit, year on year: +96% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 675 | 697 | 651 | 710 | 701 | 661 | 637 | 678 |
| Expenses | 693 | 753 | 1,171 | 1,041 | 710 | 674 | 640 | 663 |
| Operating profit | -18 | -56 | -520 | -330 | -9 | -14 | -3 | 15 |
| Operating margin | −2.7% | −8.0% | −79.9% | −46.5% | −1.2% | −2.1% | −0.5% | 2.2% |
| Profit before tax | -36 | -75 | -548 | -371 | -29 | -36 | -12 | -1 |
| Tax rate | 48.3% | 1.3% | −2.7% | −1.1% | 44.6% | 8.7% | −91.9% | −1000.0% |
| Net profit | -28 | -61 | -563 | -375 | -16 | -32 | -24 | -13 |
| EPS ($ per share) | -0.31 | — | -6.25 | -4.14 | -0.17 | — | -0.25 | -0.14 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 |
| Reserves | — | 0 | -68 | -397 | -1,383 |
| Total liabilities | — | 945 | 2,619 | 2,217 | 2,152 |
| Fixed assets | — | 165 | — | — | — |
| Total assets | — | 4,288 | 4,333 | 3,579 | 2,716 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | 170 | 83 | 168 | 263 | 114 |
| Cash from investing | -26 | -54 | -32 | 252 | 14 |
| Cash from financing | -128 | -6 | -141 | -498 | -76 |
| Net cash flow | 14 | 16 | -2 | 10 | 56 |
| Capital expenditure | -26 | -54 | -40 | -25 | -25 |
| Free cash flow | 143 | 28 | 128 | 237 | 88 |
46 filings between Feb 9, 2026 and Sep 9, 2026.
Purchases
None
No insider bought shares.
Sales
$4.68M
24 sales by 6 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Thakral Anshul | — | $3.94M | Aug 6, 2026 |
| Morais Mark A. | — | $370.7K | Sep 9, 2026 |
| SANDERS MACHELLE | — | $174.7K | Aug 3, 2026 |
| Mcconnell Jill G. | — | $150.1K | Jun 2, 2026 |
| Parks Robert | — | $44.4K | May 18, 2026 |
| Russell Carrie Elizabeth | — | $4.1K | Sep 9, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 9, 2026 | Morais Mark A. Chief Operating Officer | Sale | 3,149 | $53.1K |
| Sep 9, 2026 | Russell Carrie Elizabeth Interim CAO | Sale | 246 | $4.1K |
| Sep 8, 2026 | Russell Carrie Elizabeth Interim CAO | Option exercise | 850 | $0 |
| Sep 8, 2026 | Morais Mark A. Chief Operating Officer | Option exercise | 7,157 | $0 |
| Aug 19, 2026 | Morais Mark A. Chief Operating Officer | Sale | 4,892 | $89.0K |
| Aug 18, 2026 | Morais Mark A. Chief Operating Officer | Option exercise | 11,313 | $0 |
| Aug 6, 2026 | Thakral Anshul Chief Executive Officer | Sale | 55,882 | $1.02M |
| Aug 6, 2026 | Thakral Anshul Chief Executive Officer | Sale | 55,975 | $1.01M |
| Aug 5, 2026 | Thakral Anshul Chief Executive Officer | Sale | 49,452 | $941.1K |
| Aug 5, 2026 | Thakral Anshul Chief Executive Officer | Sale | 50,417 | $972.0K |
| Aug 4, 2026 | Thakral Anshul Chief Executive Officer | Option exercise | 416,666 | $0 |
| Aug 3, 2026 | SANDERS MACHELLE Director | Sale | 9,700 | $174.7K |
| Jul 20, 2026 | Smith David Ross Director | Option exercise | 6,598 | $0 |
| Jun 10, 2026 | Smith David Ross Director | Option exercise | 38,817 | $0 |
| Jun 10, 2026 | Smith David Ross Director | Tax withheld | 18,244 | $298.1K |
| Jun 10, 2026 | SANDERS MACHELLE Director | Option exercise | 38,817 | $0 |
| Jun 10, 2026 | Pesicka Edward A Director | Option exercise | 38,817 | $0 |
| Jun 10, 2026 | Morais Mark A. Chief Operating Officer | Sale | 4,674 | $78.6K |
| Jun 10, 2026 | Ray Amrit Director | Option exercise | 38,817 | $0 |
| Jun 10, 2026 | Russell Erin L Director | Option exercise | 38,817 | $0 |
| Jun 2, 2026 | Mcconnell Jill G. Chief Financial Officer | Sale | 4,866 | $75.4K |
| Jun 2, 2026 | Morais Mark A. Chief Operating Officer | Sale | 4,866 | $75.4K |
| Jun 1, 2026 | Mcconnell Jill G. Chief Financial Officer | Option exercise | 11,006 | $0 |
| Jun 1, 2026 | Morais Mark A. Chief Operating Officer | Option exercise | 11,006 | $0 |
| May 18, 2026 | Parks Robert Chief Accounting Officer | Sale | 2,000 | $26.9K |
| May 14, 2026 | NEUPERT PETER M Director | Option exercise | 148,536 | $0 |
| Mar 20, 2026 | Russell Erin L Director | Option exercise | 23,946 | $0 |
| Mar 16, 2026 | Morais Mark A. Chief Operating Officer | Sale | 1,804 | $16.6K |
| Mar 16, 2026 | Mcconnell Jill G. Chief Financial Officer | Sale | 1,804 | $16.6K |
| Mar 13, 2026 | Morais Mark A. Chief Operating Officer | Option exercise | 4,284 | $0 |
| Mar 13, 2026 | Mcconnell Jill G. Chief Financial Officer | Option exercise | 4,284 | $0 |
| Mar 10, 2026 | Mcconnell Jill G. Chief Financial Officer | Sale | 2,530 | $22.6K |
| Mar 10, 2026 | Mcconnell Jill G. Chief Financial Officer | Sale | 2,531 | $23.3K |
| Mar 10, 2026 | Parks Robert Chief Accounting Officer | Sale | 964 | $8.9K |
| Mar 10, 2026 | Parks Robert Chief Accounting Officer | Sale | 963 | $8.6K |
| Mar 10, 2026 | Morais Mark A. Chief Operating Officer | Sale | 2,300 | $21.2K |
| Mar 10, 2026 | Morais Mark A. Chief Operating Officer | Sale | 2,299 | $20.5K |
| Mar 9, 2026 | Morais Mark A. Chief Operating Officer | Option exercise | 13,966 | $0 |
| Mar 9, 2026 | Mcconnell Jill G. Chief Financial Officer | Option exercise | 15,283 | $0 |
| Mar 9, 2026 | Parks Robert Chief Accounting Officer | Option exercise | 5,270 | $0 |
| Feb 10, 2026 | Morais Mark A. Chief Operating Officer | Sale | 589 | $8.0K |
| Feb 10, 2026 | Mcconnell Jill G. Chief Financial Officer | Sale | 440 | $6.0K |
| Feb 10, 2026 | Mcconnell Jill G. Chief Financial Officer | Sale | 441 | $6.2K |
| Feb 10, 2026 | Morais Mark A. Chief Operating Officer | Sale | 590 | $8.3K |
| Feb 9, 2026 | Morais Mark A. Chief Operating Officer | Option exercise | 2,255 | $0 |
| Feb 9, 2026 | Mcconnell Jill G. Chief Financial Officer | Option exercise | 1,685 | $0 |
| Sep 16, 2025 | Parks Robert Chief Accounting Officer | Sale | 7,338 | $73.0K |
| Sep 15, 2025 | Parks Robert Chief Accounting Officer | Option exercise | 24,934 | $0 |
| Sep 9, 2025 | Morais Mark A. Chief Operating Officer | Sale | 3,155 | $32.3K |
| Sep 9, 2025 | Hanson James S. General Counsel | Sale | 1,677 | $17.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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