Firm Capital Property Trust
TSX:FCD-UN.TO · Toronto Stock Exchange
+$0.08 today
Vol 0.02M · Avg 0.03M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
TSX:FCD-UN.TO · Revenue to Net Income
Key Ratios
Analysis
$62.0M of revenue converted into $25.5M of net income for the selected period. Gross margin is 57.2% and net margin is 40.9%, showing how much revenue survives after costs and taxes. EPS is $0.69, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $61.9M +2.1% | $60.6M +4.3% | $58.1M +7.5% | $54.0M +16.3% | $46.4M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $28.3M +11.3% | $25.4M +22.2% | $20.8M +12.0% | $18.6M +14.5% | $16.2M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $33.6M -4.5% | $35.2M -5.7% | $37.3M +5.2% | $35.5M +17.3% | $30.2M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 54.3% -3.8pp | 58.1% -6.1pp | 64.2% -1.4pp | 65.6% +0.6pp | 65.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 +100.0% | -$0 -101.7% | $1 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $3.4M +27.9% | $2.6M -38.1% | $4.2M +3.6% | $4.1M -49.0% | $8.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.4M -45.1% | $2.6M -38.1% | $4.2M +3.6% | $4.1M -49.0% | $8.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $0 | $0 -100.0% | $770.9K -96.6% | $22.5M -6.5% | $24.1M | $374.2M | $1.2B | $631.8M |
| EBITDA | $40.4M -15.2% | $47.7M +40.9% | $33.8M +10.4% | $30.7M -54.1% | $66.8M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 65.3% -13.4pp | 78.7% +20.4pp | 58.3% +1.5pp | 56.8% -87.0pp | 143.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $32.2M -1.2% | $32.6M -1.5% | $33.1M +5.4% | $31.4M +46.2% | $21.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 52.0% -1.8pp | 53.8% -3.2pp | 56.9% -1.1pp | 58.1% +11.9pp | 46.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $258.2K -71.4% | $904.1K +1989.6% | -$47.8K -116.0% | $299.6K +28.3% | $233.5K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $14.7M +6.7% | $13.8M -1.0% | $13.9M +18.6% | $11.7M +40.2% | $8.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$6.4M -587.4% | $1.3M +107.5% | -$17.7M +45.6% | -$32.6M -190.5% | $36.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $25.7M -24.1% | $33.9M +120.5% | $15.4M +1397.7% | -$1.2M -102.0% | $58.4M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 41.6% -14.4pp | 55.9% +29.5pp | 26.5% +28.6pp | -2.2% -127.9pp | 125.8% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $0 | $0 | $0 -100.0% | $20.8M +148.7% | $8.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | $25.7M -24.1% | $33.9M +120.5% | $15.4M +169.8% | -$22.0M -137.7% | $58.4M | $4.9B | $4.8B | $4.7B |
| Net Margin | 41.6% -14.4pp | 55.9% +29.5pp | 26.5% +67.2pp | -40.7% -166.5pp | 125.8% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -23.9% | $1 +119.0% | $0 +171.2% | -$1 -134.3% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -23.9% | $1 +119.0% | $0 +171.2% | -$1 -134.3% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $36.9M +0.0% | $36.9M +0.0% | $36.9M -0.5% | $37.1M +9.1% | $34.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $36.9M +0.0% | $36.9M +0.0% | $36.9M -0.5% | $37.1M +9.1% | $34.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Morguard Real Estate Investment Trust
TSX:MRT-UN.TO
$460.08M
Pro Real Estate Investment Trust
TSX:PRV-UN.TO
$429.98M
BTB Real Estate Investment Trust
TSX:BTB-UN.TO
$340.56M
Dream Office Real Estate Investment Trust
TSX:D-UN.TO
$295.62M
Genesis Land Development Corp.
TSX:GDC.TO
$183.48M
Halmont Properties Corporation
HMT.V
$154.71M
Canadian Net Real Estate Investment Trust
NET-UN.V
$135.73M
Parkit Enterprise Inc.
PKT.V
$133.14M
True North Commercial Real Estate Investment Trust
TSX:TNT-UN.TO
$118.72M
European Residential Real Estate Investment Trust
ERE-UN.TO
$110.80M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does FCD-UN.TO generate?
Firm Capital Property Trust (FCD-UN.TO) reported $61.86M of revenue in fiscal 2025.
Is FCD-UN.TO profitable?
Firm Capital Property Trust (FCD-UN.TO) reported $25.72M of net income, with a net margin of 41.6%.
Explore More
Continue the stock analysis
Jump to another research area for this company.