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
DateValue
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%