FirstService Corp (FSV)

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment operates as a full-service property manager and provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel; proprietary banking and insurance products; and energy conservation and management solutions. This segment serves condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and other residential developments governed by common interest or multi-unit residential community associations. Its FirstService Brands segment offers property services to residential and commercial customers in North America through company-owned operations and franchise systems under the First Onsite Property Restoration, Paul Davis Restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors brands. This segment also provides light restoration services, including full-service water, fire and mold cleanup, construction rebuild, and restoration services; painting services; custom-designed and installed closet and home storage solutions; home inspection services; and floor covering design and installation services. FirstService Corporation was incorporated in 1988 and is headquartered in Toronto, Canada.

Ticker
FSV
Exchange
Nasdaq
Sector
Real Estate
Industry
Real Estate Services
Market cap
$6.42B
52-week range
$119.41 - $166.73

Valuation

Share price
$153.12 (close of Nov 6, 2026)
P/E (TTM)
46.68x
Price to book
6.85x
Price to free cash flow
21.50x
Enterprise value
$8.12B
Book value per share
$22.35

Price performance

PeriodChange
1 day-0.33%
5 days+5.61%
1 month+18.87%
3 months+7.25%
6 months+15.54%
Year to date-1.55%
1 year-0.46%
3 years+5.52%
5 years-21.84%
10 years+280.42%
All time+446.86%

Short interest

As of
Oct 15, 2026
Short % of float
1.97%
Shares short
744.59K
Days to cover
7.50
Change since prior report
-13.92%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
13.86%
Return on invested capital
9.50%
Return on assets
4.45%
Net margin
3.47%
EBITDA margin
9.52%
Revenue growth
5.38%
Net income growth
1.58%
Free cash flow growth
84.08%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.65%
Current ratio
1.69x
Net debt to EBITDA
3.16x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$5.50B
EBITDA
$523.29M
Net income
$190.75M
Earnings per share
$3.19
Interest expense
$73.70M
Shares outstanding
45.53M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$5.50B$190.75M$3.19
2024-12-31$5.22B$187.77M$2.98
2023-12-31$4.33B$147.02M$2.25
2022-12-31$3.75B$145.01M$2.74
2021-12-31$3.25B$156.13M$3.08
2020-12-31$2.77B$109.59M$2.04
2019-12-31$2.41B-$227.63M-$6.58
2018-12-31$1.93B$90.28M$1.83
2017-12-31$1.71B$53.08M$1.43
2016-12-31$1.48B$33.60M$0.93

Margins and returns by year

Period endNet marginReturn on equityReturn on capital
2025-12-313.47%13.86%9.50%
2024-12-313.60%15.81%9.71%
2023-12-313.39%14.36%7.73%
2022-12-313.87%15.98%9.14%
2021-12-314.81%19.52%9.17%
2020-12-313.95%16.59%9.44%
2019-12-31-9.46%-53.45%-13.02%
2018-12-314.67%38.22%15.05%
2017-12-313.11%27.60%17.95%
2016-12-312.27%19.57%14.91%

Cash and debt by year

Period endCashDebt
2025-12-31$154.43M$1.07B
2024-12-31$227.60M$1.26B
2023-12-31$187.62M$1.14B
2022-12-31$136.22M$698.80M
2021-12-31$165.66M$595.37M
2020-12-31$184.29M$533.13M
2019-12-31$121.20M$766.62M
2018-12-31$66.34M$334.52M
2017-12-31$57.19M$269.63M
2016-12-31$43.38M$250.91M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$318.24M$27.39M
2024-12-31$172.88M$25.31M
2023-12-31$187.63M$21.39M
2022-12-31$28.28M-
2021-12-31$109.06M-
2020-12-31$252.35M-
2019-12-31$61.18M$251.50M
2018-12-31$58.86M-
2017-12-31$79.38M-
2016-12-31$79.88M-

Dividend history

Most recent payment
Sep 29, 2026
Paid in the last twelve months
$1.19
Payment dateDividend per share
2026-09-29$0.30
2026-06-30$0.30
2026-03-31$0.30
2025-12-31$0.28
2025-09-29$0.28
2025-06-30$0.28
2025-03-31$0.28
2024-12-31$0.25

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-22Sep 2026$1.76
2026-07-23Jun 2026$1.56
2026-04-23Mar 2026$0.79
2026-02-04Dec 2025$1.22
2025-10-23Sep 2025$1.65
2025-07-24Jun 2025$1.32
2025-04-24Mar 2025$0.75
2025-02-05Dec 2024$1.27

Filings and sources

Company website
firstservice.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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