FirstService Corporation

FSV

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

5,217

Cost of Revenue

3,499

Gross Profit

1,718

Gross Margin

32.9%

Operating Income

338

Operating Margin

6.5%

Net Income

134

Net Margin

2.6%

EPS (Basic)

$2.98

EPS (Diluted)

$2.97

EBITDA

506

EBITDA Margin

9.7%

2023

12/31/2023

Revenue

4,335

Cost of Revenue

2,947

Gross Profit

1,388

Gross Margin

32.0%

Operating Income

245

Operating Margin

5.6%

Net Income

100

Net Margin

2.3%

EPS (Basic)

$2.25

EPS (Diluted)

$2.24

EBITDA

379

EBITDA Margin

8.7%

2022

12/31/2022

Revenue

3,746

Cost of Revenue

2,566

Gross Profit

1,180

Gross Margin

31.5%

Operating Income

219

Operating Margin

5.8%

Net Income

121

Net Margin

3.2%

EPS (Basic)

$2.74

EPS (Diluted)

$2.72

EBITDA

329

EBITDA Margin

8.8%

2021

12/31/2021

Revenue

3,249

Cost of Revenue

2,203

Gross Profit

1,046

Gross Margin

32.2%

Operating Income

202

Operating Margin

6.2%

Net Income

135

Net Margin

4.2%

EPS (Basic)

$3.08

EPS (Diluted)

$3.05

EBITDA

324

EBITDA Margin

10.0%

2020

12/31/2020

Revenue

2,772

Cost of Revenue

1,872

Gross Profit

901

Gross Margin

32.5%

Operating Income

169

Operating Margin

6.1%

Net Income

Net Margin

3.1%

EPS (Basic)

$2.04

EPS (Diluted)

$2.02

EBITDA

268

EBITDA Margin

9.7%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	5,217	4,335	3,746	3,249	2,772
Cost of Revenue	3,499	2,947	2,566	2,203	1,872
Gross Profit	1,718	1,388	1,180	1,046	901
Gross Margin	32.9%	32.0%	31.5%	32.2%	32.5%
Operating Income	338	245	219	202	169
Operating Margin	6.5%	5.6%	5.8%	6.2%	6.1%
Net Income	134	100	121	135	87
Net Margin	2.6%	2.3%	3.2%	4.2%	3.1%
EPS (Basic)	$2.98	$2.25	$2.74	$3.08	$2.04
EPS (Diluted)	$2.97	$2.24	$2.72	$3.05	$2.02
EBITDA	506	379	329	324	268
EBITDA Margin	9.7%	8.7%	8.8%	10.0%	9.7%