Operating Earnings by Segment
Reveals the earnings from each segment after operating expenses, offering insight into the company’s core profitability and segment-specific financial health.
Residential shows steady, seasonal Q2 strength and a clear mid‑single‑digit upward trend with modest margin improvement, aligning with management’s guidance; Brands is far lumpier—a big late‑2024 spike and subsequent rebounds reflect acquisition timing and volatile roofing/restoration results, leaving near‑term downside from roofing in Las Vegas/SW Florida and uncertain restoration conversion timing. Corporate costs have crept higher, consistent with platform investments and buybacks, so consolidated EBITDA gains are a mix of organic Residential momentum and lumpy, acquisition-driven Brand contributions rather than broad margin expansion.
FSV Operating Earnings by Segment
| Date | FirstService Residential | FirstService Brands | Corporate |
|---|---|---|---|
| Sep 30, 2026 | $58.04M | $59.99M | -$10.66M |
| Jun 30, 2026 | $52.96M | $58.18M | -$11.47M |
| Mar 31, 2026 | $32.10M | $28.39M | -$13.83M |
| Dec 31, 2025 | $36.27M | $59.24M | -$9.60M |
| Sep 30, 2025 | $53.28M | $73.72M | -$11.37M |
| Jun 30, 2025 | $51.61M | $56.52M | -$10.85M |
| Mar 31, 2025 | $29.27M | $24.49M | -$14.49M |
| Dec 31, 2024 | $34.38M | $69.91M | -$14.68M |
| Sep 30, 2024 | $49.06M | $87.06M | -$10.22M |
| Jun 30, 2024 | $49.11M | $46.31M | -$11.48M |
| Mar 31, 2024 | $26.66M | $26.80M | -$15.40M |
| Dec 31, 2023 | $34.14M | $20.60M | -$6.68M |
| Sep 30, 2023 | $49.00M | $33.94M | -$9.38M |
| Jun 30, 2023 | $49.20M | $41.77M | -$8.64M |
| Mar 31, 2023 | $22.71M | $30.16M | -$11.92M |
| Dec 31, 2022 | $30.56M | $44.04M | -$7.14M |
| Sep 30, 2022 | $41.66M | $28.18M | -$7.13M |
| Jun 30, 2022 | $43.26M | $23.67M | -$7.11M |
| Mar 31, 2022 | $23.40M | $15.75M | -$10.10M |
| Dec 31, 2021 | $25.65M | $28.25M | -$9.05M |
| Sep 30, 2021 | $38.00M | $31.07M | -$7.54M |
| Jun 30, 2021 | $40.40M | $30.75M | -$9.77M |
| Mar 31, 2021 | $23.24M | $16.51M | -$5.87M |
| Dec 31, 2020 | $27.95M | $28.06M | -$6.62M |
| Sep 30, 2020 | $35.20M | $28.45M | -$4.52M |
| Jun 30, 2020 | $31.98M | $17.36M | -$4.44M |
| Mar 31, 2020 | $17.42M | $4.91M | -$6.35M |