FirstService (FSV) Gross Margin (2014 - 2026)
FirstService (FSV) recorded quarterly Gross Margin of 32.7% in Q1 2026, down 3.61% on a QoQ basis from 33.92% in Q4 2025, and down 3.0% year-over-year from 33.71% in Q1 2025.
FirstService (FSV) Gross Margin (2014 - 2026) Analysis & Trends
FirstService has disclosed Gross Margin across 13 years of filings, most recently posting 32.7% for Q1 2026.
- Quarterly Gross Margin fell 3.0% year-over-year to 32.7% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 33.99% (up 7278232.0% YoY) and the FY2025 annual result came in at 33.58%, up 65.0% from the prior year.
- Gross Margin fell to 32.7% in Q1 2026, from 33.92% in the prior quarter.
- Over five years, Gross Margin peaked at 100.0% in Q2 2025 and troughed at 67360808.93% in Q2 2023.
- A 5-year average of 7888783.99% and a median of 32.7% in 2026 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin soared 2000000000 bps — and 2023, when it plunged 2000000000 bps.
- Tracing FSV's Gross Margin over 5 years: stood at 32.33% in 2022, then jumped by 209 bps to 100.0% in 2023, then slumped by 66749353 bps to 66749207.32% in 2024, then jumped by 100 bps to 33.92% in 2025, then dropped by 4 bps to 32.7% in 2026.
- Business Quant data shows FSV's Gross Margin at 32.7% in Q1 2026, 33.92% in Q4 2025, and 33.65% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | IHS Holding | 45.03 Bn | 44.04 Bn | 231.80 | 55.80% |
| 2 | Cbre | 38.54 Bn | 37.33 Bn | 1.85 Bn | 17.59% |
| 3 | Costar | 14.00 Bn | 12.72 Bn | 701.00 Mn | 78.15% |
| 4 | Jones Lang Lasalle | 13.85 Bn | 13.53 Bn | - | - |
| 5 | KE Holdings | 7.04 Bn | 4.80 Bn | 661.06 Mn | 24.14% |
| 6 | Compass | 5.66 Bn | 5.19 Bn | 2.31 Bn | 85.28% |
| 7 | Opendoor Technologies | 4.24 Bn | 4.17 Bn | 72.00 Mn | 10.00% |
| 8 | Cushman & Wakefield | 3.11 Bn | 2.51 Bn | 420.70 Mn | 16.59% |
| 9 | Newmark | 2.67 Bn | 2.62 Bn | - | - |
| 10 | FirstService | 61.90 | 286.19 Mn | 430.65 | 32.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.70% |
| Dec 31, 2025 | 33.92% |
| Sep 30, 2025 | 33.65% |
| Jun 30, 2025 | 100.00% |
| Mar 31, 2025 | 32.73% |
| Dec 31, 2024 | -66,749,207.32% |
| Sep 30, 2024 | 32.91% |
| Jun 30, 2024 | 33.53% |
| Mar 31, 2024 | 31.90% |
| Dec 31, 2023 | 100.00% |
| Sep 30, 2023 | 100.00% |
| Jun 30, 2023 | -67,360,808.93% |
| Mar 31, 2023 | 31.24% |
| Dec 31, 2022 | 32.33% |
| Sep 30, 2022 | 31.17% |
| Jun 30, 2022 | 31.40% |
| Mar 31, 2022 | 31.00% |
| Dec 31, 2021 | -67,453,820.61% |
| Sep 30, 2021 | 31.80% |
| Jun 30, 2021 | 33.30% |