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Caris Life Sciences vs Fortrea: revenue, profit, margins and growth compared

Caris Life Sciences brought in $812M of revenue in fiscal 2025, Fortrea $2.7B in fiscal 2025. Revenue changed by +97.0% at Caris Life Sciences and +1.0% at Fortrea on the year before, so Caris Life Sciences grew faster. Caris Life Sciences kept -8.4% of its revenue as net profit, Fortrea -36.2%. Free cash flow was $66.9M at Caris Life Sciences and $88.3M at Fortrea.

Side by side, latest fiscal year

CAIFTRE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$812M$2.7B
Revenue growth+97.0%+1.0%
Net income-$68.1M-$986.2M
Net margin-8.4%-36.2%
Free cash flow$66.9M$88.3M
Free cash flow margin8.2%3.2%
Earnings per share (diluted)-$3.22-$10.81
Cash$796.3M$174.6M
Debt$378.5M$1.1B
Price to earningsn/an/a
Market value$9B$1.9B
Dividend yieldn/an/a
Rank by revenue in sector#161 of 523 · Health care#91 of 523 · Health care

Over the years

Revenue
CAI FY2023: $306.1MCAI FY2025: $412.3MCAI FY2025: $812MFTRE FY2021: $3.1BFTRE FY2023: $2.8BFTRE FY2023: $2.8BFTRE FY2024: $2.7BFTRE FY2025: $2.7BFY21FY23FY24FY25
CAI $812MFTRE $2.7B
Net income
CAI FY2023: -$341.4MCAI FY2025: -$281.9MCAI FY2025: -$68.1MFTRE FY2021: $98MFTRE FY2023: $186.2MFTRE FY2023: -$25.2MFTRE FY2024: -$328.5MFTRE FY2025: -$986.2MFY21FY23FY24FY25
CAI -$68.1MFTRE -$986.2M
Net margin
CAI FY2023: -111.5%CAI FY2025: -68.4%CAI FY2025: -8.4%FTRE FY2021: 3.2%FTRE FY2023: 6.6%FTRE FY2023: -0.9%FTRE FY2024: -12.2%FTRE FY2025: -36.2%FY21FY23FY24FY25
CAI -8.4%FTRE -36.2%
Revenue growth
CAI FY2025: +34.7%CAI FY2025: +97.0%FTRE FY2023: -7.2%FTRE FY2023: +0.2%FTRE FY2024: -5.1%FTRE FY2025: +1.0%FY23FY24FY25
CAI +97.0%FTRE +1.0%
Free cash flow
CAI FY2023: -$298.4MCAI FY2025: -$253.6MCAI FY2025: $66.9MFTRE FY2021: $143.3MFTRE FY2023: $28.3MFTRE FY2023: $128.1MFTRE FY2024: $237.3MFTRE FY2025: $88.3MFY21FY23FY24FY25
CAI $66.9MFTRE $88.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Caris Life Sciences and Fortrea

Which is bigger by revenue, Caris Life Sciences or Fortrea?

Fortrea is bigger by revenue: $2.7B in fiscal 2025, against $812M for Caris Life Sciences in fiscal 2025.

Which keeps more of its revenue as profit, Caris Life Sciences or Fortrea?

Caris Life Sciences had a net margin of -8.4% in fiscal 2025; Fortrea had -36.2% in fiscal 2025.

Which grew revenue faster, Caris Life Sciences or Fortrea?

In their latest fiscal years revenue changed by +97.0% at Caris Life Sciences and +1.0% at Fortrea.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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