Fortrea Holdings Inc.
Close on Oct 19, 2026
- Market cap
- $2.13B
- P/E (TTM)
- –
- Dividend yield
- –
About Fortrea
Services-Medical Laboratories, SIC 8071
Fortrea Holdings Inc. is a global contract research organization that delivers biopharmaceutical product and medical device development services. The company provides clinical pharmacology, phase I through IV clinical trial management, and specialized consulting services across more than twenty therapeutic areas, including oncology, central nervous system disorders, and metabolic diseases. Fortrea manages its business within a single reporting segment, Clinical Services, and serves pharmaceutical, biotechnology, and medical device companies ranging from small and emerging biotechs to large global pharmaceutical firms.
The company operates across approximately 100 countries, supported by a workforce of roughly 14,300 employees distributed across the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region. Fortrea maintains dedicated clinical research units located in Leeds in the United Kingdom, as well as Dallas, Daytona, and Madison in the United States. Fortrea Holdings Inc. is incorporated in Delaware, and the provided text does not identify its corporate headquarters location.
Summary of the business section of Fortrea's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Fortrea Holdings Inc.
- Founded
- 2023
- Headquarters
- Durham, NC
- Address
- 8 Moore Drive 27709
- Phone
- (877) 495-0816
- Employees
- 14,300, Dec 31, 2025
- Industry
- Services-Medical Laboratories
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Raleigh, North Carolina
Stock & identifiers
- Ticker
- FTRE
- Exchange
- Nasdaq
- Shares outstanding
- 95M, Jul 27, 2026
- Public float
- $448.40M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1965040
- CUSIP
- 34965K107
- ISIN
- US34965K1079
- LEI
- 5493000FIVFABOVCDU97
- EIN
- 92-2796441
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Anshul Thakral | Chief Executive Officer, Director | 204,940 |
| David Ross Smith | Interim CFO, Director | 36,715 |
| Thomas Pike | Chief Executive Officer, Director | 159,868 |
| Jason Fredrick Knoblauch | Chief Financial Officer | 275 |
| Mark A. Morais | Chief Operating Officer | 86,419 |
| Carrie Elizabeth Russell | Interim CAO | 2,384 |
| Jill G. Mcconnell | Chief Financial Officer | 78,416 |
| Robert Parks | Chief Accounting Officer | 20,389 |
| James S. Hanson | General Counsel | 19,117 |
| Machelle Sanders | Director | 36,399 |
| William J. Sharbaugh | Director | – |
| Erin L. Russell | Director | 72,617 |
| Peter M. Neupert | Director | 246,668 |
| Edward A. Pesicka | Director | 52,453 |
| Amrit Ray | Director | 52,453 |
| R. Andrew Eckert | Director | 13,636 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Peter Neupert | $1.15M | $2.90M | $1.65M | $51 | $121 |
| FY2025 Thakral | $11.58M | $31.94M | $1.65M | $51 | $121 |
| FY2025 Thomas Pike | $7.98M | $3.29M | $1.65M | $51 | $121 |
| FY2024 Thomas Pike | $1.71M | -$14.71M | $1.34M | $55 | $107 |
| FY2023 Thomas Pike | $26.32M | $34.24M | $3.15M | $103 | $104 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“Our team of approximately 14,300 employees is able to conduct operations in approximately 100 countries.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 12, 2025 | Listing | Registration of securities on an exchange (Form 8-A) |
| May 15, 2024 | Late filing | Notification of late filing |
| May 15, 2023 | Spin-off | Registration as a new public company (Form 10), e.g. spin-off |
| Apr 5, 2023 | Name change | Name changed from Silver Spinco Inc. to Fortrea Holdings Inc. |