FirstService Operating Income from 2010 to 2026
| FSV Stock | CAD 225.55 0.78 0.34% |
Operating Income | First Reported 2012-09-30 | Previous Quarter 106.7 M | Current Value 115.6 M | Quarterly Volatility 51.6 M |
Check FirstService Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among FirstService Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 180.6 M, Interest Expense of 100 M or Selling General Administrative of 1.5 B, as well as many indicators such as Price To Sales Ratio of 0.9, Dividend Yield of 0.0096 or PTB Ratio of 5.69. FirstService financial statements analysis is a perfect complement when working with FirstService Corp Valuation or Volatility modules.
FirstService | Operating Income |
Latest FirstService Corp's Operating Income Growth Pattern
Below is the plot of the Operating Income of FirstService Corp over the last few years. Operating Income is the amount of profit realized from FirstService Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of FirstService Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. FirstService Corp's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in FirstService Corp's overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
FirstService Operating Income Regression Statistics
| Arithmetic Mean | 152,521,444 | |
| Coefficient Of Variation | 91.91 | |
| Mean Deviation | 105,943,345 | |
| Median | 107,627,000 | |
| Standard Deviation | 140,184,931 | |
| Sample Variance | 19651.8T | |
| Range | 574.4M | |
| R-Value | 0.70 | |
| Mean Square Error | 10684.3T | |
| R-Squared | 0.49 | |
| Significance | 0 | |
| Slope | 19,438,465 | |
| Total Sum of Squares | 314429T |
FirstService Operating Income History
About FirstService Corp Financial Statements
FirstService Corp investors utilize fundamental indicators, such as Operating Income, to predict how FirstService Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Operating Income | 388.1 M | 407.5 M |
Pair Trading with FirstService Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FirstService Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FirstService Corp will appreciate offsetting losses from the drop in the long position's value.Moving against FirstService Stock
| 0.57 | FEC | Frontera Energy Corp | PairCorr |
| 0.56 | DHT-U | DRI Healthcare Trust | PairCorr |
| 0.49 | TC | Tucows Inc | PairCorr |
| 0.43 | AX-UN | Artis Real Estate | PairCorr |
| 0.43 | VM | Voyageur Pharmaceuticals | PairCorr |
The ability to find closely correlated positions to FirstService Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FirstService Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FirstService Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FirstService Corp to buy it.
The correlation of FirstService Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FirstService Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FirstService Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FirstService Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of FirstService Corp Correlation against competitors. To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.