FirstService Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,498	5,217	4,335	3,746	3,249
Revenue Growth (YoY)	5.38%	20.36%	15.72%	15.29%	17.19%
Cost of Revenue	3,651	3,499	2,947	2,566	2,203
Gross Profit	1,846	1,718	1,388	1,180	1,046
Selling, General & Admin	1,311	1,230	993.2	846.43	733.6
Amortization of Goodwill & Intangibles	77.24	72.4	54.24	48.73	43.89
Operating Expenses	1,496	1,395	1,121	956.57	832.57
Operating Income	350.2	323.11	266.41	223.55	213.67
Interest Expense	-73.7	-82.85	-47.36	-25.19	-16.04
Other Non Operating Income (Expenses)	2.14	3.24	1.46	0.15	3.59
EBT Excluding Unusual Items	278.63	243.5	220.5	198.5	201.22
Merger & Restructuring Charges	-12.12	14.4	-21.52	-4.52	-12.02
Gain (Loss) on Sale of Assets	-	-	4.35	-	19.81
Pretax Income	266.51	257.9	203.34	193.98	209.01
Income Tax Expense	75.77	70.12	56.32	48.97	52.88
Earnings From Continuing Operations	190.75	187.77	147.02	145.01	156.13
Minority Interest in Earnings	-45.7	-53.4	-46.63	-23.93	-20.92
Net Income	145.05	134.38	100.39	121.07	135.21
Net Income to Common	145.05	134.38	100.39	121.07	135.21
Net Income Growth	7.94%	33.85%	-17.08%	-10.46%	54.95%
Shares Outstanding (Basic)	46	45	45	44	44
Shares Outstanding (Diluted)	46	45	45	44	44
Shares Change (YoY)	1.05%	1.08%	0.68%	0.21%	2.82%
EPS (Basic)	3.19	2.98	2.25	2.74	3.08
EPS (Diluted)	3.17	2.97	2.24	2.72	3.05
EPS Growth	6.73%	32.59%	-17.65%	-10.82%	50.99%
Free Cash Flow	318.24	172.88	187.63	28.28	109.07
Free Cash Flow Per Share	6.96	3.82	4.19	0.64	2.46
Dividend Per Share	-	1.000	0.900	0.810	0.730
Dividend Growth	-	11.11%	11.11%	10.96%	10.61%
Gross Margin	33.58%	32.93%	32.01%	31.50%	32.20%
Operating Margin	6.37%	6.19%	6.15%	5.97%	6.58%
Profit Margin	2.64%	2.58%	2.32%	3.23%	4.16%
Free Cash Flow Margin	5.79%	3.31%	4.33%	0.76%	3.36%
EBITDA	535.41	488.38	394.34	333.69	312.63
EBITDA Margin	9.74%	9.36%	9.10%	8.91%	9.62%
D&A For EBITDA	185.21	165.27	127.93	110.14	98.97
EBIT	350.2	323.11	266.41	223.55	213.67
EBIT Margin	6.37%	6.19%	6.15%	5.97%	6.58%
Effective Tax Rate	28.43%	27.19%	27.70%	25.25%	25.30%

Updated Feb 4, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q