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Fortrea vs Guardant Health: revenue, profit, margins and growth compared

Fortrea brought in $2.7B of revenue in fiscal 2025, Guardant Health $982M in fiscal 2025. Revenue changed by +1.0% at Fortrea and +32.9% at Guardant Health on the year before, so Guardant Health grew faster. Fortrea kept -36.2% of its revenue as net profit, Guardant Health -42.4%. Free cash flow was $88.3M at Fortrea and -$233.1M at Guardant Health.

Side by side, latest fiscal year

FTREGH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.7B$982M
Revenue growth+1.0%+32.9%
Net income-$986.2M-$416.3M
Net margin-36.2%-42.4%
Free cash flow$88.3M-$233.1M
Free cash flow margin3.2%-23.7%
Earnings per share (diluted)-$10.81-$3.32
Cash$174.6M$378.2M
Debt$1.1B$1.5B
Price to earningsn/an/a
Market value$1.9B$23.8B
Dividend yieldn/an/a
Rank by revenue in sector#91 of 523 · Health care#146 of 523 · Health care

Over the years

Revenue
FTRE FY2021: $3.1BFTRE FY2023: $2.8BFTRE FY2023: $2.8BFTRE FY2024: $2.7BFTRE FY2025: $2.7BGH FY2018: $90.6MGH FY2019: $214.4MGH FY2020: $286.7MGH FY2021: $373.7MGH FY2022: $449.5MGH FY2023: $563.9MGH FY2024: $739MGH FY2025: $982MFY18FY19FY20FY21FY22FY23FY24FY25
FTRE $2.7BGH $982M
Net income
FTRE FY2021: $98MFTRE FY2023: $186.2MFTRE FY2023: -$25.2MFTRE FY2024: -$328.5MFTRE FY2025: -$986.2MGH FY2018: -$85.1MGH FY2019: -$75.7MGH FY2020: -$253.8MGH FY2021: -$384.8MGH FY2022: -$654.6MGH FY2023: -$479.4MGH FY2024: -$436.4MGH FY2025: -$416.3MFY18FY19FY20FY21FY22FY23FY24FY25
FTRE -$986.2MGH -$416.3M
Net margin
FTRE FY2021: 3.2%FTRE FY2023: 6.6%FTRE FY2023: -0.9%FTRE FY2024: -12.2%FTRE FY2025: -36.2%GH FY2018: -93.8%GH FY2019: -35.3%GH FY2020: -88.5%GH FY2021: -103.0%GH FY2022: -145.6%GH FY2023: -85.0%GH FY2024: -59.0%GH FY2025: -42.4%FY18FY19FY20FY21FY22FY23FY24FY25
FTRE -36.2%GH -42.4%
Revenue growth
FTRE FY2023: -7.2%FTRE FY2023: +0.2%FTRE FY2024: -5.1%FTRE FY2025: +1.0%GH FY2019: +136.5%GH FY2020: +33.8%GH FY2021: +30.3%GH FY2022: +20.3%GH FY2023: +25.5%GH FY2024: +31.0%GH FY2025: +32.9%FY19FY20FY21FY22FY23FY24FY25
FTRE +1.0%GH +32.9%
Free cash flow
FTRE FY2021: $143.3MFTRE FY2023: $28.3MFTRE FY2023: $128.1MFTRE FY2024: $237.3MFTRE FY2025: $88.3MGH FY2018: -$92.4MGH FY2019: -$65.9MGH FY2020: -$140.1MGH FY2021: -$284.1MGH FY2022: -$386.9MGH FY2023: -$345.5MGH FY2024: -$274.9MGH FY2025: -$233.1MFY18FY19FY20FY21FY22FY23FY24FY25
FTRE $88.3MGH -$233.1M

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

Questions about Fortrea and Guardant Health

Which is bigger by revenue, Fortrea or Guardant Health?

Fortrea is bigger by revenue: $2.7B in fiscal 2025, against $982M for Guardant Health in fiscal 2025.

Which keeps more of its revenue as profit, Fortrea or Guardant Health?

Fortrea had a net margin of -36.2% in fiscal 2025; Guardant Health had -42.4% in fiscal 2025.

Which grew revenue faster, Fortrea or Guardant Health?

In their latest fiscal years revenue changed by +1.0% at Fortrea and +32.9% at Guardant Health.

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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