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Side-by-side financial comparison of Fortrea Holdings Inc. (FTRE) and Sensata Technologies Holding plc (ST). Click either name above to swap in a different company.

Sensata Technologies Holding plc is the larger business by last-quarter revenue ($934.8M vs $660.5M, roughly 1.4× Fortrea Holdings Inc.). Sensata Technologies Holding plc runs the higher net margin — 9.3% vs -4.9%, a 14.2% gap on every dollar of revenue. On growth, Sensata Technologies Holding plc posted the faster year-over-year revenue change (2.6% vs -5.2%). Fortrea Holdings Inc. produced more free cash flow last quarter ($121.6M vs $104.6M). Over the past eight quarters, Fortrea Holdings Inc.'s revenue compounded faster (-0.1% CAGR vs -5.0%).

Fortrea Holdings Inc. is an American contract research organization organized in Delaware and headquartered in Durham, North Carolina with operations in 90 countries. Its customers are primarily in the pharmaceutical, biotechnology, and medical device industries.

Sensata Technologies Holding plc is a global industrial technology company that designs, manufactures and sells a broad portfolio of sensing, electrical protection and control solutions. Its products serve automotive, industrial, aerospace, HVAC, telecommunications and heavy vehicle end markets, catering to manufacturing and enterprise clients across the world.

FTRE vs ST — Head-to-Head

Bigger by revenue
ST
ST
1.4× larger
ST
$934.8M
$660.5M
FTRE
Growing faster (revenue YoY)
ST
ST
+7.8% gap
ST
2.6%
-5.2%
FTRE
Higher net margin
ST
ST
14.2% more per $
ST
9.3%
-4.9%
FTRE
More free cash flow
FTRE
FTRE
$17.0M more FCF
FTRE
$121.6M
$104.6M
ST
Faster 2-yr revenue CAGR
FTRE
FTRE
Annualised
FTRE
-0.1%
-5.0%
ST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FTRE
FTRE
ST
ST
Revenue
$660.5M
$934.8M
Net Profit
$-32.5M
$87.1M
Gross Margin
30.6%
Operating Margin
-2.1%
15.1%
Net Margin
-4.9%
9.3%
Revenue YoY
-5.2%
2.6%
Net Profit YoY
46.9%
24.6%
EPS (diluted)
$-0.25
$0.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FTRE
FTRE
ST
ST
Q1 26
$934.8M
Q4 25
$660.5M
$917.9M
Q3 25
$701.3M
$932.0M
Q2 25
$710.3M
$943.4M
Q1 25
$651.3M
$911.3M
Q4 24
$697.0M
$907.7M
Q3 24
$674.9M
$982.8M
Q2 24
$662.4M
$1.0B
Net Profit
FTRE
FTRE
ST
ST
Q1 26
$87.1M
Q4 25
$-32.5M
$63.2M
Q3 25
$-15.9M
$-162.5M
Q2 25
$-374.9M
$60.7M
Q1 25
$-562.9M
$69.9M
Q4 24
$-61.2M
$5.8M
Q3 24
$-27.9M
$-25.0M
Q2 24
$-138.4M
$71.7M
Gross Margin
FTRE
FTRE
ST
ST
Q1 26
30.6%
Q4 25
29.0%
Q3 25
27.8%
Q2 25
30.3%
Q1 25
29.9%
Q4 24
27.1%
Q3 24
28.6%
Q2 24
30.0%
Operating Margin
FTRE
FTRE
ST
ST
Q1 26
15.1%
Q4 25
-2.1%
10.9%
Q3 25
-1.2%
-13.2%
Q2 25
-46.5%
14.6%
Q1 25
-79.9%
13.4%
Q4 24
-8.0%
8.1%
Q3 24
-2.7%
-20.3%
Q2 24
-7.7%
12.5%
Net Margin
FTRE
FTRE
ST
ST
Q1 26
9.3%
Q4 25
-4.9%
6.9%
Q3 25
-2.3%
-17.4%
Q2 25
-52.8%
6.4%
Q1 25
-86.4%
7.7%
Q4 24
-8.8%
0.6%
Q3 24
-4.1%
-2.5%
Q2 24
-20.9%
6.9%
EPS (diluted)
FTRE
FTRE
ST
ST
Q1 26
$0.59
Q4 25
$-0.25
$0.45
Q3 25
$-0.17
$-1.12
Q2 25
$-4.14
$0.41
Q1 25
$-6.25
$0.47
Q4 24
$-0.68
$0.05
Q3 24
$-0.31
$-0.17
Q2 24
$-1.55
$0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FTRE
FTRE
ST
ST
Cash + ST InvestmentsLiquidity on hand
$174.6M
$635.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$563.5M
$2.9B
Total Assets
$2.7B
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTRE
FTRE
ST
ST
Q1 26
$635.1M
Q4 25
$174.6M
$573.0M
Q3 25
$131.3M
$791.3M
Q2 25
$81.2M
$661.8M
Q1 25
$101.6M
$588.1M
Q4 24
$118.5M
$593.7M
Q3 24
$105.3M
$506.2M
Q2 24
$126.2M
$1.0B
Total Debt
FTRE
FTRE
ST
ST
Q1 26
Q4 25
$2.8B
Q3 25
Q2 25
Q1 25
Q4 24
$3.2B
Q3 24
Q2 24
Stockholders' Equity
FTRE
FTRE
ST
ST
Q1 26
$2.9B
Q4 25
$563.5M
$2.8B
Q3 25
$580.8M
$2.7B
Q2 25
$589.2M
$2.9B
Q1 25
$858.8M
$2.8B
Q4 24
$1.4B
$2.9B
Q3 24
$1.5B
$3.0B
Q2 24
$1.5B
$3.0B
Total Assets
FTRE
FTRE
ST
ST
Q1 26
$6.8B
Q4 25
$2.7B
$6.8B
Q3 25
$2.7B
$7.1B
Q2 25
$2.8B
$7.3B
Q1 25
$3.1B
$7.2B
Q4 24
$3.6B
$7.1B
Q3 24
$3.7B
$7.3B
Q2 24
$3.6B
$8.2B
Debt / Equity
FTRE
FTRE
ST
ST
Q1 26
Q4 25
1.02×
Q3 25
Q2 25
Q1 25
Q4 24
1.11×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FTRE
FTRE
ST
ST
Operating Cash FlowLast quarter
$129.1M
$122.5M
Free Cash FlowOCF − Capex
$121.6M
$104.6M
FCF MarginFCF / Revenue
18.4%
11.2%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$88.3M
$508.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTRE
FTRE
ST
ST
Q1 26
$122.5M
Q4 25
$129.1M
$201.5M
Q3 25
$86.8M
$159.9M
Q2 25
$21.8M
$140.9M
Q1 25
$-124.2M
$119.2M
Q4 24
$17.1M
$170.7M
Q3 24
$-2.4M
$130.9M
Q2 24
$273.7M
$143.5M
Free Cash Flow
FTRE
FTRE
ST
ST
Q1 26
$104.6M
Q4 25
$121.6M
$151.9M
Q3 25
$79.5M
$136.2M
Q2 25
$14.3M
$115.5M
Q1 25
$-127.1M
$86.6M
Q4 24
$13.9M
$138.9M
Q3 24
$-10.6M
$91.3M
Q2 24
$262.5M
$98.4M
FCF Margin
FTRE
FTRE
ST
ST
Q1 26
11.2%
Q4 25
18.4%
16.6%
Q3 25
11.3%
14.6%
Q2 25
2.0%
12.2%
Q1 25
-19.5%
9.5%
Q4 24
2.0%
15.3%
Q3 24
-1.6%
9.3%
Q2 24
39.6%
9.5%
Capex Intensity
FTRE
FTRE
ST
ST
Q1 26
Q4 25
1.1%
5.4%
Q3 25
1.0%
2.5%
Q2 25
1.1%
2.7%
Q1 25
0.4%
3.6%
Q4 24
0.5%
3.5%
Q3 24
1.2%
4.0%
Q2 24
1.7%
4.4%
Cash Conversion
FTRE
FTRE
ST
ST
Q1 26
1.41×
Q4 25
3.19×
Q3 25
Q2 25
2.32×
Q1 25
1.70×
Q4 24
29.50×
Q3 24
Q2 24
2.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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