FirstService (FSV) Net Margin (2014 - 2026)
FirstService's (FSV) quarterly Net Margin came in at 4.2% in Q2 2026, up 29.0% on a YoY basis from 3.26% in Q2 2025, and up 134.41% quarter-over-quarter from 1.79% in Q1 2026.
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FirstService (FSV) Net Margin (2014 - 2026) Analysis & Trends
FirstService (FSV) has reported Net Margin for 13 consecutive years, with 4.2% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 29.0% year-over-year to 4.2%; the trailing twelve-month figure through Jun 2026 stood at 3.68% (up 4.0% YoY), and the FY2025 full-year result was 3.47%, down 13.0% from the prior year.
- Net Margin grew to 4.2% in Q2 2026 per FSV's latest filing, from 1.79% in the prior quarter.
- Across five years, Net Margin topped out at 5.57% in Q3 2024 and bottomed at 1.13% in Q1 2025.
- Historically, Net Margin has averaged 3.46% across 5 years, with a median of 3.8% in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin plunged 214 bps in 2023, then jumped 147 bps in 2024.
- Over 5 years, Net Margin stood at 4.35% in 2022, then plunged by 49 bps to 2.2% in 2023, then surged by 67 bps to 3.68% in 2024, then declined by 1 bps to 3.64% in 2025, then grew by 16 bps to 4.2% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 4.2%, 1.79%, and 3.64% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 80.63 Bn | 80.34 Bn | 1.48 Bn | 17.59% |
| 2 | Iron Mountain | 34.27 Bn | 34.39 Bn | 1.07 Bn | 5.00% |
| 3 | Rollins | 16.72 Bn | 16.61 Bn | 569.95 Mn | 13.34% |
| 4 | APi | 16.37 Bn | 15.51 Bn | 703.00 Mn | 3.95% |
| 5 | Aramark | 15.43 Bn | 15.00 Bn | 430.34 Mn | 1.93% |
| 6 | FirstService | 6.30 Bn | 6.63 Bn | 480.66 Mn | 4.20% |
| 7 | Unifirst | 4.96 Bn | 4.79 Bn | 234.73 Mn | 3.14% |
| 8 | Geo | 4.16 Bn | 3.91 Bn | - | 6.40% |
| 9 | CoreCivic | 3.45 Bn | 3.34 Bn | - | 5.42% |
| 10 | Abm Industries | 2.90 Bn | 2.79 Bn | 286.10 Mn | 2.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.20% |
| Mar 31, 2026 | 1.79% |
| Dec 31, 2025 | 3.64% |
| Sep 30, 2025 | 4.90% |
| Jun 30, 2025 | 3.92% |
| Mar 31, 2025 | 1.13% |
| Dec 31, 2024 | 3.68% |
| Sep 30, 2024 | 5.57% |
| Jun 30, 2024 | 3.46% |
| Mar 31, 2024 | 1.29% |
| Dec 31, 2023 | 2.20% |
| Sep 30, 2023 | 4.11% |
| Jun 30, 2023 | 4.89% |
| Mar 31, 2023 | 2.23% |
| Dec 31, 2022 | 4.35% |
| Sep 30, 2022 | 4.30% |
| Jun 30, 2022 | 4.35% |
| Mar 31, 2022 | 2.26% |
| Dec 31, 2021 | 4.13% |
| Sep 30, 2021 | 6.22% |