Fortrea Holdings Inc. (FTRE)
Net profit margin
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | -328,500 | -303,300 | -289,400 | -120,200 |
Revenue (ttm) | US$ in thousands | 2,646,300 | 2,690,400 | 2,756,600 | 2,905,600 |
Net profit margin | -12.41% | -11.27% | -10.50% | -4.14% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-328,500K ÷ $2,646,300K
= -12.41%
The net profit margin of Fortrea Holdings Inc. has shown a consistent downward trend over the four quarters of the fiscal year 2024, starting at -4.14% in March and decreasing to -12.41% by December. This indicates that the company's profitability relative to its revenue has been diminishing. The declining trend suggests that Fortrea Holdings Inc. may be experiencing challenges in controlling its costs and expenses in relation to its net sales. It is essential for the company to closely monitor its cost structures and seek ways to improve operational efficiency in order to enhance its profitability in the future.
Peer comparison
Dec 31, 2024