FTRE

Fortrea Holdings Inc.

57
Fundamentals65/ 100
Valuation50/ 100
Upside potential63/ 100
Risk potential39/ 100

FTRE lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.

HIMS

Hims & Hers Health, Inc.

There isn't enough reported data to score HIMS yet.

FTRE Fundamentals

MetricStatus
Stable
Stable
Healthy
Weak

FTRE's cash flow is currently healthy, and its revenue and profitability are stable, but its balance sheet is weak.

HIMS Fundamentals

MetricStatus
Strong
Weak
Stable
Strong

HIMS's revenue and balance sheet are currently strong, and its cash flow is stable, but its profitability is weak.

FTRE PE Valuation

FTRE has no meaningful PE right now: it lost money over the past year.

HIMS PE Valuation

HIMS has no meaningful PE right now: it lost money over the past year.

FTRE Forward outlook

MetricOutlook
--
Strong growth
Stable
Improving
Limited
Low

Analysts expect FTRE's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.

HIMS Forward outlook

MetricOutlook
--
Turning to a loss
Strong growth
Stable
Limited
Low

Analysts expect HIMS's revenue to grow, but its earnings to decline. However, they disagree widely on these estimates.

FTRE Risk to reward

ScenarioChangePrice
Upside+66%$33.32
Downside-39%$12.17

Calculated from the latest close: $20.06 on Nov 12.

There is not enough scenario data to compare FTRE and HIMS's risk to reward.

HIMS Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $19.73 on Nov 12.

There is not enough scenario data to compare FTRE and HIMS's risk to reward.

FTRE Earnings Per Share

Q4 2023: $-0.10Q1 2024: $-1.37Q2 2024: $-3.24Q3 2024: $-3.40Q4 2024: $-3.67Q1 2025: $-8.79Q2 2025: $-11.38Q3 2025: $-11.24Q4 2025: $-10.81Q1 2026: $-4.81Q2 2026: $-0.81Q3 2026: $-0.63Forward: $0.95
Q4 2023: $-0.10Q1 2024: $-1.37Q2 2024: $-3.24Q3 2024: $-3.40Q4 2024: $-3.67Q1 2025: $-8.79Q2 2025: $-11.38Q3 2025: $-11.24Q4 2025: $-10.81Q1 2026: $-4.81Q2 2026: $-0.81Q3 2026: $-0.63Forward: $0.95
QuarterTTM EPSYoY
Forward$0.95—
Q3 2026-$0.63+$10.61
Q2 2026-$0.81+$10.57
Q1 2026-$4.81+$3.98
Q4 2025-$10.81-$7.14
Q3 2025-$11.24-$7.84
Q2 2025-$11.38-$8.14
Q1 2025-$8.79-$7.42
Q4 2024-$3.67-$3.57

FTRE is still losing money, but far less than before: $0.63 per share over the past year, against $11.38 at its worst in mid-2025.

HIMS Earnings Per Share

Q4 2023: $-0.11Q1 2024: $-0.01Q2 2024: $0.08Q3 2024: $0.44Q4 2024: $0.53Q1 2025: $0.68Q2 2025: $0.79Q3 2025: $0.53Q4 2025: $0.51Q1 2026: $-0.09Q2 2026: $-0.63Q3 2026: $-0.83
Q4 2023: $-0.11Q1 2024: $-0.01Q2 2024: $0.08Q3 2024: $0.44Q4 2024: $0.53Q1 2025: $0.68Q2 2025: $0.79Q3 2025: $0.53Q4 2025: $0.51Q1 2026: $-0.09Q2 2026: $-0.63Q3 2026: $-0.83
QuarterTTM EPSYoY
Q3 2026-$0.83-257%
Q2 2026-$0.63-180%
Q1 2026-$0.09-113%
Q4 2025$0.51-3.8%
Q3 2025$0.53+20%
Q2 2025$0.79+888%
Q1 2025$0.68+$0.69
Q4 2024$0.53+$0.64

HIMS has the edge over FTRE on earnings, with more consistent year-over-year improvement.

FTRE Quarterly Revenue

Q4 2023: $775MQ1 2024: $662MQ2 2024: $662MQ3 2024: $675MQ4 2024: $697MQ1 2025: $651MQ2 2025: $710MQ3 2025: $701MQ4 2025: $661MQ1 2026: $637MQ2 2026: $678MQ3 2026: $692M
Q4 2023: $775MQ1 2024: $662MQ2 2024: $662MQ3 2024: $675MQ4 2024: $697MQ1 2025: $651MQ2 2025: $710MQ3 2025: $701MQ4 2025: $661MQ1 2026: $637MQ2 2026: $678MQ3 2026: $692M
QuarterRevenueYoY
Q3 2026$691.5M-1.4%
Q2 2026$678.2M-4.5%
Q1 2026$636.5M-2.3%
Q4 2025$660.5M-5.2%
Q3 2025$701.3M+3.9%
Q2 2025$710.3M+7.2%
Q1 2025$651.3M-1.6%
Q4 2024$697M-10%

FTRE's revenue has held roughly level: $692M last quarter, down 1.4% from the same quarter a year ago.

HIMS Quarterly Revenue

Q4 2023: $247MQ1 2024: $278MQ2 2024: $316MQ3 2024: $402MQ4 2024: $481MQ1 2025: $586MQ2 2025: $545MQ3 2025: $599MQ4 2025: $618MQ1 2026: $608MQ2 2026: $753MQ3 2026: $890M
Q4 2023: $247MQ1 2024: $278MQ2 2024: $316MQ3 2024: $402MQ4 2024: $481MQ1 2025: $586MQ2 2025: $545MQ3 2025: $599MQ4 2025: $618MQ1 2026: $608MQ2 2026: $753MQ3 2026: $890M
QuarterRevenueYoY
Q3 2026$890.4M+49%
Q2 2026$753.2M+38%
Q1 2026$608.1M+3.8%
Q4 2025$617.8M+28%
Q3 2025$599M+49%
Q2 2025$544.8M+73%
Q1 2025$586M+111%
Q4 2024$481.1M+95%

HIMS has the edge over FTRE on sales, with more consistent year-over-year improvement.

FTRE Free Cash Flow

Q4 2023: $3MQ1 2024: −$35MQ2 2024: $263MQ3 2024: −$11MQ4 2024: $20MQ1 2025: −$127MQ2 2025: $14MQ3 2025: $80MQ4 2025: $122MQ1 2026: −$25MQ2 2026: $20MQ3 2026: $53M
Q4 2023: $3MQ1 2024: −$35MQ2 2024: $263MQ3 2024: −$11MQ4 2024: $20MQ1 2025: −$127MQ2 2025: $14MQ3 2025: $80MQ4 2025: $122MQ1 2026: −$25MQ2 2026: $20MQ3 2026: $53M
QuarterFree cash flowYoY
Q3 2026$52.5M-34%
Q2 2026$19.9M+39%
Q1 2026-$25M+$102.1M
Q4 2025$121.6M+499%
Q3 2025$79.5M+$90.1M
Q2 2025$14.3M-95%
Q1 2025-$127.1M-$92.2M
Q4 2024$20.3M+577%

FTRE's free cash flow has turned positive again: $169M over the past year, against −$13M the year before.

HIMS Free Cash Flow

Q4 2023: $22MQ1 2024: $26MQ2 2024: $54MQ3 2024: $85MQ4 2024: --Q1 2025: $50MQ2 2025: −$70MQ3 2025: $79MQ4 2025: −$3MQ1 2026: $53MQ2 2026: −$68MQ3 2026: $26M
Q4 2023: $22MQ1 2024: $26MQ2 2024: $54MQ3 2024: $85MQ4 2024: --Q1 2025: $50MQ2 2025: −$70MQ3 2025: $79MQ4 2025: −$3MQ1 2026: $53MQ2 2026: −$68MQ3 2026: $26M
QuarterFree cash flowYoY
Q3 2026$26M-67%
Q2 2026-$68.2M+$1.3M
Q1 2026$53.1M+5.9%
Q3 2025$79.3M-7%
Q2 2025-$69.5M-230%
Q1 2025$50.1M+94%
Q3 2024$85.3M+238%
Q2 2024$53.6M+219%

HIMS has the edge over FTRE on cash flow, with more consistent year-over-year improvement.

FTRE Total Shares

Q4 2023: 89MQ1 2024: 89MQ2 2024: 89MQ3 2024: 90MQ4 2024: 90MQ1 2025: 91MQ2 2025: 91MQ3 2025: 92MQ4 2025: 94MQ1 2026: 94MQ2 2026: 95MQ3 2026: 101M
Q4 2023: 89MQ1 2024: 89MQ2 2024: 89MQ3 2024: 90MQ4 2024: 90MQ1 2025: 91MQ2 2025: 91MQ3 2025: 92MQ4 2025: 94MQ1 2026: 94MQ2 2026: 95MQ3 2026: 101M
PeriodChange %Net change
Quarterly+6.8%+6.4M shares
1 year+9.5%+8.8M shares
3 years+14%+12.4M shares

FTRE has 101M diluted shares, up 9.5% from a year ago.

HIMS Total Shares

Q4 2023: 209MQ1 2024: 229MQ2 2024: 235MQ3 2024: 235MQ4 2024: 237MQ1 2025: 247MQ2 2025: 257MQ3 2025: 249MQ4 2025: 258MQ1 2026: 228MQ2 2026: 232MQ3 2026: 234M
Q4 2023: 209MQ1 2024: 229MQ2 2024: 235MQ3 2024: 235MQ4 2024: 237MQ1 2025: 247MQ2 2025: 257MQ3 2025: 249MQ4 2025: 258MQ1 2026: 228MQ2 2026: 232MQ3 2026: 234M
PeriodChange %Net change
Quarterly+0.9%+2.1M shares
1 year-6%-14.9M shares
3 years+11%+23.7M shares
5 years+17%+33.8M shares

HIMS has the edge over FTRE on shareholder dilution, with a more favorable share count trend.

FTRE Net Leverage

Q4 2023: 10.0xQ1 2024: 15.7xQ2 2024: 118.8xQ2 2026: 13.1xQ3 2026: 9.1x
Q4 2023: 10.0xQ1 2024: 15.7xQ2 2024: 118.8xQ2 2026: 13.1xQ3 2026: 9.1x
QuarterNet LeverageStatus
Q3 20269.1xHigh
Q2 202613.1xHigh
Q2 2024118.8xHigh
Q1 202415.7xHigh
Q4 202310.0xHigh
Q3 202310.6xHigh
Q2 20237.5xHigh
Q1 20236.2xHigh

FTRE's net debt is about 9.1 years of its operating earnings (EBITDA), down from 10 years a year ago.

HIMS Net Leverage

Q1 2024: -49.8xQ2 2024: -5.5xQ3 2024: -2.9xQ4 2024: -2.8xQ1 2025: -2.1xQ2 2025: -7.3xQ3 2025: -2.2xQ4 2025: -1.4xQ1 2026: -5.9x
Q1 2024: -49.8xQ2 2024: -5.5xQ3 2024: -2.9xQ4 2024: -2.8xQ1 2025: -2.1xQ2 2025: -7.3xQ3 2025: -2.2xQ4 2025: -1.4xQ1 2026: -5.9x
QuarterNet LeverageStatus
Q1 2026-5.9xNet Cash
Q4 2025-1.4xNet Cash
Q3 2025-2.2xNet Cash
Q2 2025-7.3xNet Cash
Q1 2025-2.1xNet Cash
Q4 2024-2.8xNet Cash
Q3 2024-2.9xNet Cash
Q2 2024-5.5xNet Cash

HIMS has more cash than debt.

FTRE Weekly Momentum

MetricValueStatus
RSI55.3Neutral
Stochastic49.9Neutral

FTRE's weekly RSI is 55 (neutral) and its Stochastic is 50 (neutral).

HIMS Weekly Momentum

MetricValueStatus
RSI36.0Neutral
Stochastic23.0Neutral

HIMS's weekly RSI is 36 (neutral) and its Stochastic is 23 (neutral).

FTRE PE vs Healthcare Sector

FTRE has no meaningful PE right now: it lost money over the past year.

HIMS PE vs Healthcare Sector

MetricHIMSSector medianRelative
PEN/A26x—

HIMS has no meaningful PE right now: it lost money over the past year.

FTRE Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$21.35.7% below
20 week MA$19.53% above
50 week MA$15.926% above
100 week MA$12.956% above

FTRE has stronger trend alignment. FTRE is above 3 of 4 weekly averages versus HIMS above 0 of 5.

HIMS Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$27.328% below
20 week MA$29.232% below
50 week MA$27.729% below
100 week MA$35.945% below
200 week MA$24.419% below

HIMS is in a downtrend: it's below all five of its weekly moving averages, and 19% below its 200-week average.

FTRE Yearly ROI

YearStart priceEnd priceROI
2023$34.0$34.9+2.6%
2024$34.9$19.4-45%
2025$19.4$17.4-10%
2026 YTD$17.4$20.1+15%

FTRE has the edge over HIMS on returns for 2026, with the stronger performance.

HIMS Yearly ROI

YearStart priceEnd priceROI
2020$9.89$15.0+51%
2021$15.0$6.65-56%
2022$6.65$6.43-3.3%
2023$6.43$8.90+38%
2024$8.90$26.6+198%
2025$26.6$34.3+29%
2026 YTD$34.3$19.7-42%

HIMS's yearly returns have swung widely, from +198% in 2024 to −56% in 2021. It's down 42% so far in 2026.

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