• FirstService average operating margin for 2023 was 5.96%, a 4.38% decline from 2022.
• FirstService average operating margin for 2022 was 5.71%, a 11.88% increase from 2021.
• FirstService average operating margin for 2021 was 6.48%, a 146.39% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.