Is Fortrea Holdings Inc. (FTRE) Halal?

NASDAQ Healthcare United States $848M
✗ NOT HALAL
Confidence: 90/100
Fortrea Holdings Inc. (FTRE) is Not Halal under AAOIFI Standard 21. The company's debt ratio of 124.2% exceeds the 30% threshold, indicating excessive interest-bearing debt relative to market capitalization. Fortrea Holdings Inc. operates in the Healthcare sector.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 124.2%
/ 30%
19.4%
/ 30%
69.0%
/ 30%
31.61%
/ 5%
✗ NOT HALAL
DJIM 124.2%
/ 33%
19.4%
/ 33%
69.0%
/ 33%
31.61%
/ 5%
✗ NOT HALAL
MSCI 41.1%
/ 33%
6.4%
/ 33%
22.8%
/ 33%
31.61%
/ 5%
✗ NOT HALAL
S&P 124.2%
/ 33%
19.4%
/ 33%
69.0%
/ 33%
31.61%
/ 5%
✗ NOT HALAL
FTSE 41.1%
/ 33%
6.4%
/ 33%
22.8%
/ 50%
31.61%
/ 5%
✗ NOT HALAL

Financial Highlights

EPS
$-10.81
P/B Ratio
1.5
EV/EBITDA
43.1
EV: $1.8B
Revenue
$2.7B
Growth: -5.2%
Beta
1.8
High volatility
Current Ratio
1.0

Profitability

Gross Margin 18.5%
Operating Margin 1.3%
Net Margin -36.2%
Return on Equity (ROE) -102.4%
Return on Assets (ROA) -0.6%

Cash Flow & Balance Sheet

Operating Cash Flow$114M
Free Cash Flow$88M
Total Debt$1.1B
Debt-to-Equity198.3
Current Ratio1.0
Total Assets$2.7B

Price & Trading

Last Close$9.55
50-Day MA$12.20
200-Day MA$10.58
Avg Volume1.7M
Beta1.8
52-Week Range
$3.97
$18.67

About Fortrea Holdings Inc. (FTRE)

CEO
Mr. Anshul Thakral
Employees
13,871
Sector
Healthcare
Industry
Biotechnology
Country
United States
Exchange
NASDAQ
Market Cap
$848M
Currency
USD

Fortrea Holdings Inc., a contract research organization, provides biopharmaceutical product and medical device development solutions to pharmaceutical, biotechnology, and medical device customers worldwide. It offers clinical pharmacology, such as clinical research units, external partnerships, project management, study design and monitoring, bioanalytics and biomarkers, pharmacokinetics, modeling and simulation, and biometrics; and clinical development, including phase I through IV clinical and real-world evidence studies, regulatory affairs, protocol design, operational planning, study and site start-up, patient recruitment, project management, comprehensive site and medical monitoring, data management and biostatistics, pharmacovigilance, medical writing, and mobile clinical services. The company also provides consulting services comprising product development and regulatory, market access and health economics, and outcomes research, as well as RWE services. Fortrea Holdings Inc. was incorporated in 2023 and is headquartered in Durham, North Carolina.

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Frequently Asked Questions

Is Fortrea Holdings Inc. (FTRE) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Fortrea Holdings Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is Fortrea Holdings Inc.'s debt ratio?

Fortrea Holdings Inc.'s debt ratio is 124.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 41.1%.

What are Fortrea Holdings Inc.'s key financial metrics?

Fortrea Holdings Inc. has a market capitalization of $848M, and revenue of $2.7B. The company maintains a gross margin of 18.5% and a net margin of -36.2%. Return on equity stands at -102.4%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.