FirstService Corporation (FSV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.32B | 1.4B | 1.45B | 1.42B | 1.25B | 1.37B | 1.4B | 1.3B | 1.16B | 1.08B | 1.12B | 1.12B | 1.02B | 1.02B | 960.46M | 930.71M | 834.57M | 856.95M | 849.43M | 831.63M |
| Revenue Growth % | 5.3% | 2.88% | 3.69% | 9.12% | 8.01% | 26.51% | 24.97% | 15.87% | 13.71% | 5.8% | 16.31% | 20.31% | 22.03% | 19.04% | 13.07% | 11.91% | 17.37% | 10.57% | 14.49% | 33.79% |
| Cost of Goods Sold | 886.43M | 1.03B | 960.42M | 935.33M | 841.47M | 911.36M | 936.57M | 862.46M | 788.58M | 735.92M | 756.56M | 754.26M | 700.26M | 690.31M | 661.1M | 638.48M | 575.83M | 578.04M | 579.31M | 554.68M |
| COGS % of Revenue | 67.3% | 73.13% | 66.35% | 66.07% | 67.27% | 66.75% | 67.09% | 66.47% | 68.1% | 68.19% | 67.72% | 67.36% | 68.76% | 67.67% | 68.83% | 68.6% | 69% | 67.45% | 68.2% | 66.7% |
| Gross Profit | 430.65M | 377.47M | 487.14M | 480.4M | 409.36M | 453.99M | 459.47M | 435M | 369.47M | 343.34M | 360.55M | 365.47M | 318.18M | 329.79M | 299.36M | 292.23M | 258.74M | 278.9M | 270.12M | 276.95M |
| Gross Margin % | 32.7% | 26.87% | 33.65% | 33.93% | 32.73% | 33.25% | 32.91% | 33.53% | 31.9% | 31.81% | 32.28% | 32.64% | 31.24% | 32.33% | 31.17% | 31.4% | 31% | 32.55% | 31.8% | 33.3% |
| Gross Profit Growth % | 5.2% | -16.86% | 6.02% | 10.44% | 10.8% | 32.23% | 27.44% | 19.02% | 16.12% | 4.11% | 20.44% | 25.06% | 22.97% | 18.24% | 10.82% | 5.52% | 17.47% | 13.02% | 10% | 32.14% |
| Operating Expenses | 382.49M | 293.96M | 371.52M | 383.12M | 370.1M | 364.37M | 333.57M | 351.06M | 331.41M | 295.28M | 286.99M | 283.15M | 277.23M | 262.33M | 236.65M | 232.42M | 229.69M | 234.05M | 208.59M | 215.57M |
| OpEx % of Revenue | 29.04% | 20.93% | 25.66% | 27.06% | 29.59% | 26.69% | 23.89% | 27.06% | 28.62% | 27.36% | 25.69% | 25.29% | 27.22% | 25.72% | 24.64% | 24.97% | 27.52% | 27.31% | 24.56% | 25.92% |
| Selling, General & Admin | 334.43M | 0 | 328.98M | 0 | 313.69M | 321.82M | 305.19M | 309.53M | 293M | 244.92M | 252.57M | 252.47M | 243.24M | 231.31M | 207.97M | 204.92M | 202.22M | 198.89M | 179.47M | 192M |
| SG&A % of Revenue | 25.39% | - | 22.73% | - | 25.08% | 23.57% | 21.86% | 23.86% | 25.3% | 22.69% | 22.61% | 22.55% | 23.88% | 22.68% | 21.65% | 22.02% | 24.23% | 23.21% | 21.13% | 23.09% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 48.16M | 83.5M | 115.63M | 97.28M | 39.26M | 89.61M | 125.9M | 83.94M | 38.06M | 48.06M | 73.56M | 82.32M | 40.95M | 67.46M | 62.71M | 59.81M | 29.05M | 44.85M | 61.53M | 61.38M |
| Operating Margin % | 3.66% | 5.94% | 7.99% | 6.87% | 3.14% | 6.56% | 9.02% | 6.47% | 3.29% | 4.45% | 6.58% | 7.35% | 4.02% | 6.61% | 6.53% | 6.43% | 3.48% | 5.23% | 7.24% | 7.38% |
| Operating Income Growth % | 22.68% | -6.82% | -8.16% | 15.89% | 3.15% | 86.46% | 71.16% | 1.96% | -7.06% | -28.75% | 17.3% | 37.63% | 40.98% | 50.41% | 1.92% | -2.56% | -14.27% | -9.2% | 4.05% | 36.7% |
| EBITDA | 96.23M | 133.02M | 162.26M | 142.91M | 83.3M | 137.44M | 167.31M | 123.16M | 74.86M | 81.93M | 106.7M | 111.36M | 72.83M | 97.88M | 89.61M | 86.72M | 54.96M | 72.94M | 85.5M | 85.06M |
| EBITDA Margin % | 7.31% | 9.47% | 11.21% | 10.09% | 6.66% | 10.07% | 11.98% | 9.49% | 6.46% | 7.59% | 9.55% | 9.94% | 7.15% | 9.59% | 9.33% | 9.32% | 6.58% | 8.51% | 10.07% | 10.23% |
| EBITDA Growth % | 15.52% | -3.22% | -3.02% | 16.03% | 11.27% | 67.75% | 56.8% | 10.6% | 2.79% | -16.29% | 19.08% | 28.4% | 32.53% | 34.19% | 4.8% | 1.96% | -3.77% | -2.22% | 0.22% | 24.37% |
| D&A (Non-Cash Add-back) | 48.07M | 49.52M | 46.63M | 45.63M | 44.04M | 47.83M | 41.41M | 39.23M | 36.81M | 33.87M | 33.15M | 29.03M | 31.88M | 30.42M | 26.9M | 26.91M | 25.91M | 28.09M | 23.98M | 23.67M |
| EBIT | 47.64M | 87.15M | 116.77M | 104.94M | 39.34M | 90.48M | 126.28M | 84.05M | 39.94M | 48.66M | 74.26M | 86.57M | 41.21M | 68.17M | 61.93M | 59.49M | 29.58M | 52.95M | 74.07M | 62.27M |
| Net Interest Income | -15.28M | -17.36M | -18.18M | -19.17M | -19.26M | -21.15M | -22.15M | -20.53M | -19.03M | -12.82M | -11.96M | -11.95M | -10.63M | -9.03M | -6.76M | -5.04M | -4.37M | -4M | -3.87M | -3.97M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 32.37M | 69.79M | 98.59M | 79.11M | 20.08M | 69.33M | 104.13M | 63.52M | 20.91M | 35.83M | 62.3M | 74.62M | 30.58M | 59.15M | 55.17M | 54.45M | 25.21M | 48.95M | 70.19M | 58.3M |
| Pretax Margin % | 2.46% | 4.97% | 6.81% | 5.59% | 1.61% | 5.08% | 7.46% | 4.9% | 1.81% | 3.32% | 5.58% | 6.66% | 3% | 5.8% | 5.74% | 5.85% | 3.02% | 5.71% | 8.26% | 7.01% |
| Income Tax | 8.74M | 18.67M | 27.7M | 23.68M | 6M | 19.15M | 26.37M | 18.58M | 6.01M | 12.05M | 16.45M | 19.9M | 7.92M | 14.81M | 13.83M | 13.94M | 6.39M | 13.55M | 17.32M | 14.28M |
| Effective Tax Rate % | 27.02% | 26.75% | 28.1% | 29.93% | 29.88% | 27.63% | 25.33% | 29.26% | 28.76% | 33.63% | 26.4% | 26.67% | 25.88% | 25.03% | 25.07% | 25.61% | 25.36% | 27.69% | 24.68% | 24.49% |
| Net Income | 19.99M | 39.58M | 57.17M | 46.1M | 2.8M | 32.48M | 60.53M | 35.06M | 6.31M | 6.26M | 32.65M | 45.36M | 16.12M | 38.25M | 34.18M | 34.57M | 14.09M | 31.01M | 45.62M | 36.7M |
| Net Margin % | 1.52% | 2.82% | 3.95% | 3.26% | 0.22% | 2.38% | 4.34% | 2.7% | 0.54% | 0.58% | 2.92% | 4.05% | 1.58% | 3.75% | 3.56% | 3.71% | 1.69% | 3.62% | 5.37% | 4.41% |
| Net Income Growth % | 613.13% | 21.87% | -5.56% | 31.49% | -55.56% | 418.62% | 85.39% | -22.71% | -60.86% | -83.63% | -4.46% | 31.23% | 14.43% | 23.35% | -25.08% | -5.81% | -35.66% | 40.78% | 38.96% | 35.31% |
| Net Income (Continuing) | 23.62M | 51.12M | 70.89M | 55.43M | 14.08M | 50.18M | 77.76M | 44.94M | 14.9M | 23.78M | 45.86M | 54.71M | 22.67M | 44.34M | 41.34M | 40.51M | 18.82M | 35.4M | 52.87M | 44.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 477.61M | 485.31M | 472.17M | 461M | 453.04M | 449.34M | 427M | 415.56M | 339.01M | 332.96M | 266.11M | 252.34M | 244.68M | 233.43M | 210.82M | 209.53M | 218.74M | 219.13M | 212.81M | 201.23M |
| EPS (Diluted) | 0.44 | 0.85 | 1.24 | 1.01 | 0.06 | 0.71 | 1.34 | 0.78 | 0.14 | 0.14 | 0.72 | 1.03 | 0.51 | 0.86 | 0.77 | 0.78 | 0.42 | 0.70 | 1.03 | 0.83 |
| EPS Growth % | 633.33% | 19.72% | -7.46% | 29.49% | -57.14% | 407.14% | 86.11% | -24.27% | -72.55% | -83.72% | -6.49% | 32.05% | 21.43% | 22.86% | -25.24% | -6.02% | -16% | 40% | 37.33% | 29.69% |
| EPS (Basic) | 0.44 | 0.85 | 1.25 | 1.01 | 0.06 | 0.72 | 1.34 | 0.78 | 0.14 | 0.14 | 0.72 | 1.03 | 0.51 | 0.87 | 0.77 | 0.78 | 0.43 | 0.71 | 1.04 | 0.84 |
| Diluted Shares Outstanding | 45.9M | 45.83M | 45.92M | 45.66M | 45.61M | 45.28M | 45.34M | 45.1M | 45.11M | 44.87M | 44.85M | 44.8M | 44.66M | 44.5M | 44.5M | 44.48M | 44.5M | 44.58M | 44.47M | 44.37M |
| Basic Shares Outstanding | 45.87M | 45.72M | 45.57M | 45.45M | 45.37M | 45.02M | 45.05M | 44.98M | 44.85M | 44.64M | 44.61M | 44.57M | 44.4M | 44.22M | 44.2M | 44.19M | 44.09M | 43.97M | 43.87M | 43.83M |
| Dividend Payout Ratio | 62.9% | 31.76% | 21.87% | 27.11% | 403.75% | - | 18.59% | - | 159.38% | - | - | - | - | - | - | - | - | - | - | - |