Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.48B | $1.73B | $1.93B | $2.41B | $2.77B | $3.25B | $3.75B | $4.33B | $5.22B | $5.50B |
| Revenue growth | — | 16.6% | 11.7% | 24.6% | 15.2% | 17.2% | 15.3% | 15.7% | 20.4% | 5.4% |
| Operating income | $90.5M | $105M | $128M | -$174M | $169M | $202M | $219M | $245M | $338M | $338M |
| Operating margin | 6.1% | 6.1% | 6.6% | -7.2% | 6.1% | 6.2% | 5.8% | 5.6% | 6.5% | 6.1% |
| Net income | $54.2M | $75.0M | $90.3M | -$228M | $110M | $156M | $145M | $147M | $188M | $191M |
| Net margin | 3.7% | 4.3% | 4.7% | -9.5% | 4.0% | 4.8% | 3.9% | 3.4% | 3.6% | 3.5% |
| EPS (diluted) | $0.92 | $1.41 | $1.80 | -$6.58 | $2.02 | $3.05 | $2.72 | $2.24 | $2.97 | $3.17 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $109M | $116M | $99.5M | $108M | $292M | $167M | $106M | $280M | $286M | $446M |
| Capital expenditures | $29.1M | $36.3M | $40.6M | $46.6M | $39.4M | $58.2M | $77.6M | $92.7M | $113M | $128M |
| Free cash flow | $79.9M | $79.4M | $58.9M | $61.2M | $252M | $109M | $28.3M | $188M | $173M | $318M |
| Share buybacks | $9.52M | $17.1M | $9.00M | — | — | — | — | — | — | — |
| Dividends paid | $15.5M | $17.1M | $18.8M | $22.0M | $27.4M | $31.2M | $34.9M | $39.1M | $43.8M | $48.9M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $43.4M | $57.2M | $66.3M | $121M | $184M | $166M | $136M | $188M | $228M | $154M |
| Total assets | $771M | $848M | $1.01B | $1.96B | $2.20B | $2.51B | $2.77B | $3.63B | $4.19B | $4.28B |
| Long-term debt | $251M | $270M | $335M | $767M | — | — | — | — | — | — |
| Shareholders' equity | $172M | $192M | $236M | $426M | $660M | $800M | $907M | $1.02B | $1.19B | $1.38B |
| Retained earnings | — | $7.54M | $45.5M | $45.1M | — | — | — | — | — | — |
| Shares (wtd avg diluted) | 36.4M | 36.6M | 36.6M | 38.7M | 43.2M | 44.4M | 44.5M | 44.8M | 45.3M | 45.8M |
Every figure is extracted from FirstService Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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