
FirstService Corp
TSX:FSV

Income Statement
Earnings Waterfall
FirstService Corp
Revenue
|
5.2B
USD
|
Cost of Revenue
|
-3.5B
USD
|
Gross Profit
|
1.7B
USD
|
Operating Expenses
|
-1.4B
USD
|
Operating Income
|
323.1m
USD
|
Other Expenses
|
-188.7m
USD
|
Net Income
|
134.4m
USD
|
Income Statement
FirstService Corp
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 132
N/A
|
1 159
+2%
|
1 193
+3%
|
1 230
+3%
|
1 264
+3%
|
1 300
+3%
|
1 358
+5%
|
1 418
+4%
|
1 483
+5%
|
1 556
+5%
|
1 612
+4%
|
1 667
+3%
|
1 729
+4%
|
1 775
+3%
|
1 829
+3%
|
1 872
+2%
|
1 932
+3%
|
1 991
+3%
|
2 069
+4%
|
2 235
+8%
|
2 407
+8%
|
2 556
+6%
|
2 603
+2%
|
2 673
+3%
|
2 772
+4%
|
2 850
+3%
|
3 060
+7%
|
3 167
+4%
|
3 249
+3%
|
3 373
+4%
|
3 472
+3%
|
3 583
+3%
|
3 746
+5%
|
3 930
+5%
|
4 119
+5%
|
4 275
+4%
|
4 335
+1%
|
4 474
+3%
|
4 652
+4%
|
4 931
+6%
|
5 217
+6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(800)
|
(819)
|
(839)
|
(864)
|
(884)
|
(909)
|
(951)
|
(1 003)
|
(1 050)
|
(1 100)
|
(1 135)
|
(1 160)
|
(1 189)
|
(1 215)
|
(1 245)
|
(1 271)
|
(1 320)
|
(1 362)
|
(1 420)
|
(1 528)
|
(1 634)
|
(1 729)
|
(1 752)
|
(1 797)
|
(1 872)
|
(1 928)
|
(2 070)
|
(2 153)
|
(2 203)
|
(2 288)
|
(2 372)
|
(2 453)
|
(2 566)
|
(2 690)
|
(2 806)
|
(2 901)
|
(2 947)
|
(3 035)
|
(3 144)
|
(3 324)
|
(3 499)
|
|
Gross Profit |
332
N/A
|
340
+2%
|
354
+4%
|
366
+4%
|
380
+4%
|
390
+3%
|
407
+4%
|
415
+2%
|
433
+4%
|
456
+5%
|
477
+5%
|
507
+6%
|
540
+7%
|
560
+4%
|
584
+4%
|
601
+3%
|
611
+2%
|
628
+3%
|
650
+3%
|
707
+9%
|
773
+9%
|
827
+7%
|
851
+3%
|
876
+3%
|
901
+3%
|
922
+2%
|
990
+7%
|
1 014
+2%
|
1 046
+3%
|
1 085
+4%
|
1 100
+1%
|
1 129
+3%
|
1 180
+5%
|
1 240
+5%
|
1 313
+6%
|
1 374
+5%
|
1 388
+1%
|
1 439
+4%
|
1 508
+5%
|
1 607
+7%
|
1 718
+7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(285)
|
(293)
|
(302)
|
(303)
|
(308)
|
(316)
|
(326)
|
(330)
|
(342)
|
(360)
|
(377)
|
(401)
|
(427)
|
(445)
|
(462)
|
(474)
|
(479)
|
(494)
|
(509)
|
(561)
|
(626)
|
(677)
|
(705)
|
(721)
|
(727)
|
(731)
|
(782)
|
(801)
|
(833)
|
(874)
|
(890)
|
(922)
|
(957)
|
(1 004)
|
(1 053)
|
(1 104)
|
(1 121)
|
(1 176)
|
(1 243)
|
(1 304)
|
(1 395)
|
|
Selling, General & Administrative |
(259)
|
(266)
|
(272)
|
(274)
|
(279)
|
(286)
|
(295)
|
(296)
|
(305)
|
(321)
|
(336)
|
(360)
|
(385)
|
(400)
|
(415)
|
(425)
|
(426)
|
(441)
|
(454)
|
(495)
|
(546)
|
(586)
|
(605)
|
(619)
|
(629)
|
(633)
|
(684)
|
(704)
|
(734)
|
(773)
|
(785)
|
(814)
|
(846)
|
(887)
|
(935)
|
(980)
|
(993)
|
(1 043)
|
(1 100)
|
(1 153)
|
(1 230)
|
|
Depreciation & Amortization |
(27)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(31)
|
(34)
|
(37)
|
(39)
|
(41)
|
(41)
|
(42)
|
(44)
|
(47)
|
(49)
|
(53)
|
(54)
|
(55)
|
(67)
|
(80)
|
(90)
|
(100)
|
(102)
|
(98)
|
(98)
|
(98)
|
(96)
|
(99)
|
(102)
|
(105)
|
(108)
|
(110)
|
(116)
|
(118)
|
(124)
|
(128)
|
(133)
|
(143)
|
(151)
|
(165)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
47
N/A
|
47
N/A
|
52
+11%
|
63
+21%
|
72
+14%
|
75
+4%
|
81
+9%
|
86
+6%
|
91
+6%
|
96
+5%
|
100
+5%
|
105
+5%
|
113
+7%
|
116
+2%
|
123
+6%
|
127
+4%
|
132
+4%
|
134
+1%
|
140
+5%
|
146
+4%
|
148
+1%
|
150
+2%
|
147
-3%
|
155
+6%
|
174
+12%
|
191
+10%
|
207
+8%
|
214
+3%
|
214
+0%
|
210
-1%
|
210
0%
|
207
-1%
|
224
+8%
|
236
+6%
|
260
+10%
|
270
+4%
|
266
-1%
|
263
-1%
|
265
+1%
|
303
+14%
|
323
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(13)
|
(13)
|
(15)
|
(25)
|
(32)
|
(37)
|
(38)
|
(31)
|
(24)
|
(20)
|
(18)
|
(16)
|
(16)
|
(16)
|
(17)
|
(20)
|
(25)
|
(31)
|
(38)
|
(44)
|
(47)
|
(56)
|
(64)
|
(75)
|
(83)
|
|
Non-Reccuring Items |
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(8)
|
(8)
|
(9)
|
(9)
|
(2)
|
(5)
|
(5)
|
(316)
|
(317)
|
(316)
|
(316)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(7)
|
0
|
(14)
|
(14)
|
(11)
|
(5)
|
(5)
|
(6)
|
(6)
|
(22)
|
(21)
|
(22)
|
(7)
|
14
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
0
|
0
|
4
|
4
|
4
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
2
|
3
|
15
|
4
|
22
|
21
|
8
|
0
|
(0)
|
0
|
2
|
1
|
7
|
3
|
3
|
3
|
|
Pre-Tax Income |
39
N/A
|
38
-2%
|
42
+10%
|
52
+26%
|
62
+18%
|
65
+5%
|
72
+11%
|
77
+8%
|
82
+6%
|
86
+5%
|
91
+5%
|
89
-2%
|
97
+9%
|
98
+2%
|
105
+7%
|
114
+9%
|
115
+1%
|
116
+1%
|
(190)
N/A
|
(195)
-3%
|
(201)
-3%
|
(203)
-1%
|
104
N/A
|
121
+16%
|
146
+20%
|
170
+17%
|
189
+11%
|
205
+9%
|
209
+2%
|
203
-3%
|
199
-2%
|
184
-8%
|
194
+6%
|
199
+3%
|
220
+10%
|
227
+3%
|
203
-10%
|
194
-5%
|
183
-6%
|
224
+23%
|
258
+15%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(12)
|
(12)
|
(15)
|
(21)
|
(23)
|
(25)
|
(25)
|
(27)
|
(27)
|
(25)
|
(26)
|
(26)
|
(24)
|
(22)
|
(21)
|
(19)
|
(25)
|
(27)
|
(26)
|
(27)
|
(27)
|
(28)
|
(29)
|
(31)
|
(36)
|
(42)
|
(47)
|
(51)
|
(53)
|
(52)
|
(51)
|
(48)
|
(49)
|
(50)
|
(56)
|
(59)
|
(56)
|
(54)
|
(53)
|
(63)
|
(70)
|
|
Income from Continuing Operations |
26
|
26
|
27
|
32
|
38
|
40
|
46
|
50
|
54
|
61
|
65
|
63
|
73
|
76
|
84
|
95
|
90
|
90
|
(216)
|
(222)
|
(228)
|
(230)
|
76
|
90
|
110
|
128
|
142
|
154
|
156
|
151
|
148
|
136
|
145
|
149
|
163
|
168
|
147
|
139
|
129
|
161
|
188
|
|
Income to Minority Interest |
(13)
|
(14)
|
(18)
|
(17)
|
(17)
|
(17)
|
(18)
|
(20)
|
(21)
|
(22)
|
(20)
|
(19)
|
(24)
|
(23)
|
(26)
|
(26)
|
(24)
|
(27)
|
(24)
|
(24)
|
(24)
|
(19)
|
(18)
|
(20)
|
(22)
|
(24)
|
(28)
|
(27)
|
(21)
|
(24)
|
(22)
|
(22)
|
(24)
|
(26)
|
(29)
|
(35)
|
(47)
|
(49)
|
(49)
|
(53)
|
(53)
|
|
Net Income (Common) |
13
N/A
|
12
-9%
|
9
-23%
|
15
+60%
|
21
+47%
|
23
+8%
|
28
+23%
|
30
+6%
|
34
+12%
|
40
+18%
|
45
+13%
|
44
-2%
|
52
+17%
|
53
+3%
|
58
+9%
|
69
+19%
|
66
-4%
|
62
-6%
|
(240)
N/A
|
(246)
-2%
|
(252)
-2%
|
(249)
+1%
|
58
N/A
|
70
+22%
|
87
+24%
|
104
+19%
|
113
+9%
|
126
+11%
|
135
+7%
|
127
-6%
|
125
-2%
|
114
-9%
|
121
+6%
|
123
+2%
|
134
+9%
|
132
-1%
|
100
-24%
|
91
-10%
|
80
-11%
|
108
+35%
|
134
+24%
|
|
EPS (Diluted) |
0.36
N/A
|
0.33
-8%
|
0.25
-24%
|
0.4
+60%
|
0.59
+48%
|
0.63
+7%
|
0.78
+24%
|
0.82
+5%
|
0.92
+12%
|
1.09
+18%
|
1.23
+13%
|
1.21
-2%
|
1.4
+16%
|
1.45
+4%
|
1.58
+9%
|
1.87
+18%
|
1.8
-4%
|
1.69
-6%
|
-6.41
N/A
|
-6.18
+4%
|
-6.58
-6%
|
-5.93
+10%
|
1.34
N/A
|
1.6
+19%
|
2.02
+26%
|
2.34
+16%
|
2.55
+9%
|
2.85
+12%
|
3.05
+7%
|
2.87
-6%
|
2.82
-2%
|
2.56
-9%
|
2.72
+6%
|
2.77
+2%
|
3
+8%
|
2.96
-1%
|
2.24
-24%
|
2.02
-10%
|
1.78
-12%
|
2.39
+34%
|
2.98
+25%
|