• FirstService average net profit margin for 2023 was 2.94%, a 15.03% decline from 2022.
• FirstService average net profit margin for 2022 was 3.46%, a 11.28% decline from 2021.
• FirstService average net profit margin for 2021 was 3.9%, a 966.67% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.