Growth Metrics

FirstService (FSV) Net Margin (2016 - 2026)

FirstService filings provide 13 years of Net Margin readings, the most recent being 1.79% for Q1 2026.

  • On a quarterly basis, Net Margin rose 67.0% to 1.79% in Q1 2026 year-over-year; TTM through Mar 2026 was 4.85%, a 13.0% increase, with the full-year FY2025 number at 2.64%, up 6.0% from a year prior.
  • Net Margin hit 1.79% in Q1 2026 for FirstService, down from 4.97% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 7.46% in Q3 2024 to a low of 1.13% in Q1 2025.
  • Median Net Margin over the past 5 years was 5.08% (2024), compared with a mean of 4.76%.
  • Biggest five-year swings in Net Margin: tumbled -252bps in 2022 and later skyrocketed 188bps in 2024.
  • FirstService's Net Margin stood at 5.8% in 2022, then tumbled by -43bps to 3.32% in 2023, then surged by 53bps to 5.08% in 2024, then dropped by -2bps to 4.97% in 2025, then crashed by -64bps to 1.79% in 2026.
  • The last three reported values for Net Margin were 1.79% (Q1 2026), 4.97% (Q4 2025), and 6.81% (Q3 2025) per Business Quant data.