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FirstService (TSX:FSV) Pretax Margin % : 1.81% (As of Mar. 2024)


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What is FirstService Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. FirstService's Pre-Tax Income for the three months ended in Mar. 2024 was C$28 Mil. FirstService's Revenue for the three months ended in Mar. 2024 was C$1,568 Mil. Therefore, FirstService's pretax margin for the quarter that ended in Mar. 2024 was 1.81%.

The historical rank and industry rank for FirstService's Pretax Margin % or its related term are showing as below:

TSX:FSV' s Pretax Margin % Range Over the Past 10 Years
Min: -8.33   Med: 5.22   Max: 6.43
Current: 4.32


TSX:FSV's Pretax Margin % is ranked worse than
59.18% of 1776 companies
in the Real Estate industry
Industry Median: 8.73 vs TSX:FSV: 4.32

FirstService Pretax Margin % Historical Data

The historical data trend for FirstService's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FirstService Pretax Margin % Chart

FirstService Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.33 5.25 6.43 5.18 4.69

FirstService Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 6.66 5.58 3.32 1.81

Competitive Comparison of FirstService's Pretax Margin %

For the Real Estate Services subindustry, FirstService's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FirstService's Pretax Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, FirstService's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where FirstService's Pretax Margin % falls into.



FirstService Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

FirstService's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=272.798/5815.23
=4.69 %

FirstService's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=28.306/1567.53
=1.81 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FirstService  (TSX:FSV) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


FirstService Pretax Margin % Related Terms

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FirstService (TSX:FSV) Business Description

Traded in Other Exchanges
Address
1255 Bay Street, Suite 600, Toronto, ON, CAN, M5R 2A9
FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives. FirstService Brands generates most of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
Executives
Jay Stewart Hennick Director