FirstService Historical Income Statement

FSV Stock

CAD 241.95 2.62 1.07%

Historical analysis of FirstService Corp income statement accounts such as Selling General Administrative of 660.2 M or Total Revenue of 2.7 B can show how well FirstService Corp performed in making a profits. Evaluating FirstService Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of FirstService Corp's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining FirstService Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether FirstService Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.

About FirstService Income Statement Analysis

FirstService Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to FirstService Corp shareholders. The income statement also shows FirstService investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

FirstService Corp Income Statement Chart

At this time, FirstService Corp's Income Before Tax is very stable compared to the past year. As of the 28th of March 2025, Total Other Income Expense Net is likely to grow to about 18.5 M, while Selling General Administrative is likely to drop about 660.2 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts FirstService Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of FirstService Corp minus its cost of goods sold. It is profit before FirstService Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of FirstService Corp. It is also known as FirstService Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from FirstService Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into FirstService Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.At this time, FirstService Corp's Income Before Tax is very stable compared to the past year. As of the 28th of March 2025, Total Other Income Expense Net is likely to grow to about 18.5 M, while Selling General Administrative is likely to drop about 660.2 M.

	2022	2023	2024	2025 (projected)
Interest Expense	25.2M	47.4M	82.9M	87.0M
Depreciation And Amortization	110.1M	127.9M	147.1M	154.5M

Interest Expense Depreciation And Amortization

FirstService Corp income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Minority Interest	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.87	0.83	0.86	0.86	0.85	0.71	0.66	0.8	0.86	0.79	0.62	0.23	0.47	0.8	0.54	-0.65	0.75	0.85	0.76	-0.88	0.92
Interest Expense	0.87		0.71	0.69	0.71	0.67	0.64	0.56	0.69	0.68	0.96	0.51	0.43	0.33	0.68	0.43	-0.62	0.57	0.7	0.61	-0.98	0.78
Selling General Administrative	0.83	0.71		0.97	0.99	0.97	0.61	0.56	0.67	0.95	0.6	0.54	0.05	0.41	0.56	0.45	-0.66	0.52	0.86	0.66	-0.69	0.85
Total Revenue	0.86	0.69	0.97		0.99	1.0	0.63	0.61	0.72	1.0	0.59	0.57	0.05	0.46	0.67	0.5	-0.65	0.64	0.93	0.75	-0.72	0.93
Gross Profit	0.86	0.71	0.99	0.99		0.99	0.62	0.58	0.7	0.98	0.6	0.56	0.06	0.43	0.62	0.48	-0.65	0.6	0.9	0.72	-0.72	0.9
Other Operating Expenses	0.85	0.67	0.97	1.0	0.99		0.56	0.54	0.66	0.99	0.54	0.49	-0.02	0.38	0.64	0.42	-0.61	0.64	0.91	0.78	-0.7	0.92
Operating Income	0.71	0.64	0.61	0.63	0.62	0.56		0.97	0.97	0.63	0.67	0.99	0.43	0.92	0.64	0.96	-0.75	0.46	0.74	0.21	-0.64	0.66
Ebit	0.66	0.56	0.56	0.61	0.58	0.54	0.97		0.98	0.61	0.59	0.97	0.38	0.92	0.68	0.97	-0.72	0.51	0.75	0.23	-0.59	0.67
Ebitda	0.8	0.69	0.67	0.72	0.7	0.66	0.97	0.98		0.73	0.68	0.95	0.37	0.86	0.77	0.92	-0.76	0.61	0.83	0.4	-0.72	0.78
Cost Of Revenue	0.86	0.68	0.95	1.0	0.98	0.99	0.63	0.61	0.73		0.58	0.57	0.04	0.47	0.68	0.51	-0.65	0.66	0.94	0.76	-0.72	0.94
Total Operating Expenses	0.79	0.96	0.6	0.59	0.6	0.54	0.67	0.59	0.68	0.58		0.56	0.64	0.4	0.64	0.48	-0.61	0.52	0.64	0.47	-0.94	0.7
Income Before Tax	0.62	0.51	0.54	0.57	0.56	0.49	0.99	0.97	0.95	0.57	0.56		0.42	0.95	0.6	0.99	-0.73	0.41	0.69	0.11	-0.52	0.58
Total Other Income Expense Net	0.23	0.43	0.05	0.05	0.06	-0.02	0.43	0.38	0.37	0.04	0.64	0.42		0.34	0.37	0.41	-0.37	0.15	0.26	-0.12	-0.42	0.19
Net Income	0.47	0.33	0.41	0.46	0.43	0.38	0.92	0.92	0.86	0.47	0.4	0.95	0.34		0.42	0.97	-0.62	0.33	0.59	0.0	-0.35	0.46
Income Tax Expense	0.8	0.68	0.56	0.67	0.62	0.64	0.64	0.68	0.77	0.68	0.64	0.6	0.37	0.42		0.59	-0.62	0.7	0.8	0.62	-0.74	0.81
Net Income From Continuing Ops	0.54	0.43	0.45	0.5	0.48	0.42	0.96	0.97	0.92	0.51	0.48	0.99	0.41	0.97	0.59		-0.67	0.39	0.65	0.06	-0.45	0.53
Minority Interest	-0.65	-0.62	-0.66	-0.65	-0.65	-0.61	-0.75	-0.72	-0.76	-0.65	-0.61	-0.73	-0.37	-0.62	-0.62	-0.67		-0.29	-0.76	-0.24	0.61	-0.63
Non Recurring	0.75	0.57	0.52	0.64	0.6	0.64	0.46	0.51	0.61	0.66	0.52	0.41	0.15	0.33	0.7	0.39	-0.29		0.66	0.76	-0.66	0.76
Tax Provision	0.85	0.7	0.86	0.93	0.9	0.91	0.74	0.75	0.83	0.94	0.64	0.69	0.26	0.59	0.8	0.65	-0.76	0.66		0.7	-0.76	0.96
Interest Income	0.76	0.61	0.66	0.75	0.72	0.78	0.21	0.23	0.4	0.76	0.47	0.11	-0.12	0.0	0.62	0.06	-0.24	0.76	0.7		-0.69	0.85
Net Interest Income	-0.88	-0.98	-0.69	-0.72	-0.72	-0.7	-0.64	-0.59	-0.72	-0.72	-0.94	-0.52	-0.42	-0.35	-0.74	-0.45	0.61	-0.66	-0.76	-0.69		-0.85
Reconciled Depreciation	0.92	0.78	0.85	0.93	0.9	0.92	0.66	0.67	0.78	0.94	0.7	0.58	0.19	0.46	0.81	0.53	-0.63	0.76	0.96	0.85	-0.85

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FirstService Corp Account Relationship Matchups

FirstService Corp income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	98.4M	99.0M	110.1M	127.9M	147.1M	154.5M
Interest Expense	24.3M	16.0M	25.2M	47.4M	82.9M	87.0M
Selling General Administrative	628.5M	733.6M	846.4M	993.2M	1.2B	660.2M
Total Revenue	2.8B	3.2B	3.7B	4.3B	5.2B	2.7B
Gross Profit	900.6M	1.0B	1.2B	1.4B	1.7B	888.1M
Other Operating Expenses	2.6B	3.0B	3.5B	4.1B	4.7B	2.4B
Operating Income	169.4M	201.6M	219.0M	244.9M	323.1M	339.3M
Ebit	173.7M	213.7M	223.5M	250.7M	288.3M	302.7M
Ebitda	272.1M	312.6M	333.7M	378.6M	435.4M	457.2M
Cost Of Revenue	1.9B	2.2B	2.6B	2.9B	3.5B	1.8B
Total Operating Expenses	726.9M	832.6M	956.6M	1.1B	4.9B	5.1B
Income Before Tax	145.5M	209.0M	194.0M	203.3M	257.9M	270.8M
Total Other Income Expense Net	(24.0M)	7.4M	(25.0M)	(41.6M)	17.6M	18.5M
Net Income	87.3M	135.2M	121.1M	100.4M	134.4M	141.1M
Income Tax Expense	35.9M	52.9M	49.0M	56.3M	64.8M	68.0M
Net Income From Continuing Ops	109.6M	156.1M	145.0M	147.0M	187.8M	197.2M
Net Income Applicable To Common Shares	(251.6M)	87.3M	135.2M	121.1M	139.2M	146.2M
Minority Interest	193.0M	(20.9M)	(23.9M)	(46.6M)	(53.4M)	(50.7M)
Tax Provision	35.9M	52.9M	49.0M	56.3M	70.1M	43.0M
Interest Income	32.1M	24.3M	16.0M	25.2M	29.0M	19.0M
Net Interest Income	(24.3M)	(16.0M)	(25.2M)	(47.4M)	(82.9M)	(78.7M)
Reconciled Depreciation	98.4M	99.0M	110.1M	127.9M	165.3M	106.6M

Pair Trading with FirstService Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FirstService Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FirstService Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against FirstService Stock

0.73	BTO	B2Gold Corp	Pair Corr
0.53	T	Telus Corp	Pair Corr
0.53	TD	Toronto Dominion Bank	Pair Corr

The ability to find closely correlated positions to FirstService Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FirstService Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FirstService Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FirstService Corp to buy it.

The correlation of FirstService Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FirstService Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FirstService Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for FirstService Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether FirstService Corp is a strong investment it is important to analyze FirstService Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact FirstService Corp's future performance. For an informed investment choice regarding FirstService Stock, refer to the following important reports:

How To Invest In FirstService

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Is FirstService Stock a good investment?

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What is FirstService Corp's Net Worth?

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To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.

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Please note, there is a significant difference between FirstService Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if FirstService Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FirstService Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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FirstService Historical Income Statement

About FirstService Income Statement Analysis

FirstService Corp Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

FirstService Corp income statement Correlations

FirstService Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

FirstService Corp income statement Accounts

Pair Trading with FirstService Corp

Moving against FirstService Stock

COMMON DESTINATIONS

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Gross Profit	+ 0.99	Selling General Administrative
Gross Profit	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.99	Gross Profit
Cost Of Revenue	+ 0.99	Other Operating Expenses

Net Interest Income	- 0.98	Interest Expense
Net Interest Income	- 0.94	Total Operating Expenses
Net Interest Income	- 0.88	Depreciation And Amortization
Reconciled Depreciation	- 0.85	Net Interest Income
Net Interest Income	- 0.76	Tax Provision
Tax Provision	- 0.76	Minority Interest