FirstService Gross Margin 2015-2024 | FSV
- FirstService average gross margin for 2023 was 31.88%, a 0.5% increase from 2022.
- FirstService average gross margin for 2022 was 31.72%, a 1.61% increase from 2021.
- FirstService average gross margin for 2021 was 32.24%, a 1.2% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.