FirstService Corporation FSV

128.62 1.59 1.25% as of 25 Sep
Market cap
$5.8B
P/E
36.3×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 8.60%

Capital & Financial Ratios

Market Cap 5,810.00
Revenue 5,597.27
Net Income 205.79
Free Cash Flow 335.43
Net Debt 1,049.23
Current Ratio 1.98
Debt/Equity 1.03
P/E ratio 36.33
P/S ratio 1.04
P/B ratio 4.79
Past 5Y EPS Growth 4.47%
This Y EPS Growth 6.54%
Next Y EPS Growth 9.25%
Next 5Y EPS Growth 8.57%
in millions of $

Dividends

Payout Ratio 0.29
Annual Dividend Rate 0.90
Annual Dividend Yield 0.59%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.57
0.31
0.31
0.31
2025 1.51
0.28
0.28
0.28
0.28
2024 1.25
0.25
0.25
0.25
0.25
0.25
2023 0.90
0.23
0.23
0.23
0.23
2022 0.81
0.20
0.20
0.20
0.20
2021 0.73
0.18
0.18
0.18
0.18
2020 0.66
0.17
0.17
0.17
0.17
2019 0.60
0.15
0.15
0.15
0.15
2018 0.54
0.14
0.14
0.14
0.14
2017 0.49
0.12
0.12
0.12
0.12
2016 0.44
0.11
0.11
0.11
0.11
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 207 244 180 201
Receivables 855 961 949 930
Inventory — — — —
Other — — — —
1,062 1,205 1,129 1,131
2023 2024 2025 Q'26
Payables 143 174 159 184
ST’ Debt — — — —
Other — — — —
471 542 547 571
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 15.83% 14.67% 13.64%
Cash Flow 17.74% 8.86% 61.49%
Earnings 21.09% 10.70% 6.21%
Book Value 23.48% 15.81% 14.88%

Revenue

Mar Jun Sep Dec Year
’26 1,317 1,449 — — —
’25 1,251 1,416 1,448 1,383 5,498
’24 1,158 1,297 1,396 1,365 5,217
’23 1,018 1,120 1,117 1,079 4,335
’22 835 931 960 1,020 3,746
’21 711 832 849 857 3,249
’20 634 622 742 775 2,772
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 88 130 — — —
’25 41 163 126 115 446
’24 (9) 131 77 87 286
’23 0 86 84 110 280
’22 2 62 (11) 54 106
’21 27 80 29 32 167
’20 40 113 42 97 292
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 60 99 — — —
’25 12 129 93 84 318
’24 (34) 101 50 55 173
’23 (22) 64 61 93 195
’22 (15) 42 (31) 32 28
’21 13 64 15 16 109
’20 24 106 33 88 252
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.44 1.00 — — —
’25 0.06 1.01 1.24 0.85 3.17
’24 0.14 0.78 1.34 0.71 2.97
’23 0.36 1.01 0.73 0.14 2.24
’22 0.32 0.78 0.77 0.86 2.72
’21 0.50 0.83 1.03 0.70 3.05
’20 0.13 0.64 0.75 0.50 2.02
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
32.71 47.11 62.90 65.55 57.38 132.13 112.44 121.94 141.26 147.23

Analyst estimates 2026–2028

Powerpack
Low Price
53.15 74.49 90.21 111.09 145.84 202.78 199.07 166.27 197.84 209.66
High Price
17,000 19,000 20,000 24,000 24,000 25,000 27,000 29,000 30,000 31,000
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
1,483 1,729 1,931 2,407 2,772 3,249 3,746 4,335 5,217 5,498
Revenue
29.19% 31.24% 31.65% 32.12% 32.48% 32.20% 31.50% 32.01% 32.93% 33.58%
Gross Margin
82 97 115 (200) 145 209 194 203 258 267
EBT
5.50% 5.59% 5.96% (8.33%) 5.25% 6.43% 5.18% 4.69% 4.94% 4.85%
EBT Margin
54 75 90 (228) 110 156 145 147 188 191
Net Income
37 42 53 80 98 99 110 128 165 185
Depreciation
41.23 48.15 53.72 62.98 64.84 74.11 84.80 97.28 115.88 120.75
Revenue/Sh
0.93 1.48 1.83 (6.58) 2.04 3.08 2.74 2.25 2.98 3.19
Earnings/Sh
3.03 3.22 2.77 2.82 6.82 3.82 2.40 6.29 6.35 9.80
Cash Flow/Sh
(0.81) (1.01) (1.13) (1.22) (0.92) (1.33) (1.76) (1.92) (2.51) (2.80)
Capex/Sh
2.22 2.21 1.64 1.60 5.90 2.49 0.64 4.38 3.84 6.99
Free CF/Sh
5.03 5.36 6.57 11.14 15.45 18.24 20.54 22.99 26.38 30.22
Book Value/Sh
36 36 36 38 43 44 44 45 45 46
Shares
51.23 46.98 37.22 0.00 67.04 63.58 45.10 70.34 60.75 49.06
PE Ratio
1.15 1.44 1.27 1.48 2.11 2.65 1.45 1.63 1.56 1.29
PS Ratio
9.45 12.98 10.42 8.35 8.85 10.77 5.99 6.89 6.86 5.15
PB Ratio
1.29 1.56 1.41 1.76 2.28 2.82 1.64 1.88 1.79 1.48
EV/Sales
22.82 34.02 46.17 69.06 25.05 84.14 216.91 41.81 53.97 25.48
EV/FCF
109 116 99 108 292 167 106 280 286 446
Op' Cash Flow
(29) (36) (41) (47) (39) (58) (78) (85) (113) (128)
Capex
80 79 59 61 252 109 28 195 173 318
FCF
92 101 159 295 290 371 423 591 663 582
Working Cap'
251 270 335 767 590 653 734 1,182 1,299 1,083
Total Debt
194 203 255 632 381 459 575 975 1,055 903
Net Debt
181 192 236 426 660 800 907 1,024 1,188 1,376
Sh' Equity
4.90% 6.36% 7.10% (16.98%) 4.20% 5.75% 4.58% 3.14% 3.44% 3.42%
ROA
15.09% 16.61% 16.24% (10.30%) 10.17% 10.02% 9.23% 7.66% 9.41% 9.27%
ROIC
19.31% 27.56% 30.74% (76.00%) 16.07% 18.52% 14.18% 10.39% 12.15% 11.32%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

FirstService Corporation peers in Real Estate Services

All 46 Real Estate Services stocks →

FirstService Corporation (FSV) key facts

  • FirstService Corporation (FSV) is a Real Estate Services company in the Real Estate sector, listed on Nasdaq.
  • FirstService Corporation’s revenue for fiscal 2025 (year ended December 2025) was CAD 5.5 billion, up 5.38% from fiscal 2024.
  • Net income was CAD 190.7 million, or CAD 3.19 per share (basic), a net margin of 2.64%.
  • As of September 25, 2026, FSV traded at $128.62, a market capitalization of $5.8 billion.
  • At that price the stock trades at 36.3× trailing-twelve-month earnings and 1.0× sales.
  • FirstService Corporation pays an annual dividend of $0.90 per share, a yield of 0.59%, with a payout ratio of 28.5%.
  • Return on equity was 11.3% and debt-to-equity 1.03.

Source: company filings (standardised) and stockrow calculations.

FirstService Corporation (FSV) Latest News

News by impact score

Fine-tune

26 Sep

3

FirstService Corp. (TSX: FSV) declared a quarterly cash dividend of US$0.305 per share, payable Oct. 7, 2026. The stock trades near CA$182.53 after a rough stretch: 30‑day return −8.4%, YTD −11.98%, and 1‑year total return about −30.4%. The pullback comes as FirstService Residential participates in Alexandria’s EV charging program and the company pursues bolt‑on acquisitions to expand geographic reach and services. Valuation signals remain mixed: Simply Wall St. pegs a fair value of CA$238.65, suggesting the decline could reflect cash‑flow quality and momentum rather than weak fundamentals. The stock trades at roughly 35x trailing earnings versus about 13x for peers, implying a premium that may be justified by earnings quality or risk becoming a headwind. Risks include softer organic trends in Brands and Roofing that could pressure earnings if the headwinds persist. Dividend and valuation gap may moderately influence sentiment, while earnings headwinds limit upside.

24 Sep

3

Three FirstService Residential-managed communities in Alexandria, VA—Marina Towers, Northampton Place, and Parkfairfax—joined the Plug in Alexandria EV charging program, gaining access to technical assistance and reimbursement grants up to $10,000 for qualifying charger installations. FirstService Energy will support these communities with energy-incentive advisory, reflecting a broader shift from traditional property management to energy management and infrastructure services. While no revenue figures are disclosed, the initiative signals potential deeper involvement in EV charging and energy-efficiency projects across managed properties, with investors watching for material contributions and future disclosures on revenue impact. Potential expansion into energy management could influence future revenue, but no current financial impact is disclosed.

3

FirstService Residential announced that three Alexandria, Virginia communities—Marina Towers Condominium Association, Northampton Place Condominium, and Parkfairfax Condominium—participated in the Plug in Alexandria program. Through FirstService Energy, the company provides advisory and consulting to help communities identify and pursue EV-incentive opportunities in markets including New York City, Boston, Toronto, and New Jersey. Plug in Alexandria helps multi-family residents access EV charging, offering technical guidance and a per-community reimbursement grant of up to $10,000 for eligible charger-installation expenses. Trent Harrison, President, MidAtlantic, said the firm’s teams were proud to support these communities, noting EV charging is a valuable asset for residents. FirstService Energy 360° offers a holistic energy-management subscription to simplify spending, track usage, and identify savings. FirstService Residential is a subsidiary of FirstService Corporation (FSV). Adds energy-management services and potential advisory revenue with EV charging grants, likely modest near-term impact.

23 Sep

3

Osterweis Capital Management highlighted FirstService Corporation (FSV) in its Q2 2026 investor letter, noting a tough quarter for roofing and residential closet segments but expecting a H2 rebound due to easier comps and storm-restoration normalization after 2025’s weak weather. The fund maintains its position, citing accelerating revenues and valuation at the low end of its 10-year range, with potential upside if AI market activity softens. FSV, a Canadian real estate services provider, closed around $133.34 on Sept 22, 2026; 1-month change was -7.08% and 12-month decline about -30.21%; market cap near $5.82B; 52-week range $119.41–$194.75. The letter references Conestoga Capital Advisors’ optimistic long-term view and notes AI-driven macro dynamics could influence capital allocation toward FSV if AI demand cools slightly. Soft Q2 with an expected H2 pickup and undervalued stock present moderate upside tied to cyclical recovery and AI-driven sentiment, but near-term headwinds keep impact balanced.

6 Aug

3

FirstService Corp. (FSV) evaluates attractiveness of its runway for continued growth. Growth runway analysis may moderately influence FSV financial outlook and investor views.

24 Jul

3 transcript

FirstService Corporation held its Q2 2026 earnings call, reporting financial results and discussing operational performance and outlook. Quarterly earnings updates provide performance details that can moderately influence short-term market sentiment and valuation.

23 Jul

3 transcript

FirstService Corporation held its Q2 2026 earnings call. Earnings call provides financial results and outlook that moderately influence FSV stock performance and sentiment.

3 transcript

FirstService Corporation released Q2 earnings call highlights covering financial performance, operational results and forward outlook. Q2 earnings highlights deliver performance data and guidance that can shift near-term investor views but rarely transform company trajectory.

3

FirstService Corporation released second quarter 2026 financial results. Quarterly earnings release can moderately shift investor views on near-term performance.

6 Jul

3

FirstService Residential launches Resilience First program to help communities prepare for water, fire and storm losses. New service launch may strengthen company's positioning in property management and disaster resilience services.

7 May

4

FirstService Corporation (TSX:FSV) exhibits stronger Q1 2026 EPS momentum, prompting reevaluation of its investment case. Stronger Q1 2026 EPS momentum signals improved financial performance, significantly impacting investor sentiment and company trajectory.

24 Apr

4

FirstService Corporation (FSV) reported strong revenue growth in Q1 2026 earnings call highlights, navigating market challenges effectively. Strong Q1 2026 revenue growth amid market challenges signals significant positive impact on FSV's financial trajectory and investor sentiment.

23 Apr

4

FirstService Corporation (FSV) released highlights from its Q1 earnings call. Q1 earnings call highlights reveal financial performance and guidance significantly influencing future trajectory and investor sentiment.

4 transcript

FirstService Corporation (FSV) released its Q1 2026 earnings call transcript, detailing quarterly financial results, management discussion, and forward guidance. Q1 2026 earnings transcript reveals financial performance, operational updates, and guidance that significantly influence FSV's stock trajectory and investor sentiment.

4

FirstService Corporation (FSV) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates indicates strong financial performance, likely enhancing investor sentiment and stock trajectory.

4

FirstService Corporation reported first quarter results. Quarterly earnings reports significantly impact financial performance and investor sentiment for the company.

3

FirstService Corporation released Q1 2026 earnings call summary detailing quarterly financial results, operational updates, and future outlook. Q1 earnings call summary affects financial performance and investor sentiment but remains balanced by ongoing operations.

16 Apr

3

FirstService Corporation (FSV) has consistently beaten earnings estimates, prompting questions on sustaining this positive surprise streak in upcoming reports. Earnings surprise anticipation moderately influences short-term financial performance and market sentiment for FSV.

3

FirstService Corporation (FSV) is forecasted to surpass earnings estimates due to robust revenue growth and operational efficiency, prompting analysts to recommend buying the stock ahead of the report. Forecasted earnings beat influences financial performance expectations and investor sentiment moderately.

14 Apr

4 transcript

FirstService Corporation (FSV) Q3 2024 earnings call transcript details quarterly financial results, operational updates, and management's outlook. Q3 earnings transcript discloses financial performance and guidance directly influencing future market performance and investor sentiment.

9 Mar

3

FirstService Corporation (FSV) stands out as an attractive investment bet due to strong operational performance, diversified services, robust financials, and growth potential in property management and real estate sectors. Positive investment thesis highlights key strengths likely to moderately boost investor sentiment and near-term market performance.

24 Feb

4

Analysts rework valuation assumptions for FirstService (TSX:FSV), shifting the company's investment story. Analysts reworking valuation assumptions indicates a significant shift in FirstService's market narrative and investor outlook.

19 Feb

3

Investors' unease over FirstService Corporation (FSV) stems from concerns about recent performance metrics, debt levels, and growth slowdowns in key segments. Investor unease highlights moderate risks to financial performance and market sentiment without fundamentally altering long-term trajectory.

18 Feb

3

FirstService Residential launched a new resident insurance solution in partnership with VIU by HUB. New resident insurance solution via partnership enhances service portfolio and competitive positioning in property management.

13 Feb

3

TD Securities has raised its price target on FirstService Corporation (FSV) to $217 while maintaining a Buy rating. This adjustment reflects positive sentiment towards the company's performance and growth prospects in the market. The price target increase indicates a moderately noticeable influence on investor sentiment and potential financial performance.

9 Feb

4

FirstService Corporation is navigating a dynamic landscape influenced by various factors, including market trends, operational strategies, and competitive positioning. The company is focusing on enhancing its service offerings and expanding its market reach, which may lead to improved financial performance. Additionally, shifts in consumer preferences and regulatory changes are shaping its strategic decisions. Investors are closely monitoring these developments as they could significantly impact FirstService's future trajectory. Strategic moves and market dynamics are likely to significantly alter the company's trajectory and investor sentiment.

4

FirstService Corporation reported an earnings beat and announced an 11% increase in its dividend, prompting positive reactions from investors. The company's strong financial performance and commitment to returning value to shareholders have bolstered market sentiment, reflecting confidence in its growth trajectory. The earnings beat and significant dividend increase are likely to enhance investor sentiment and indicate strong future performance.

8 Feb

3

BMO Capital has reaffirmed its 'Outperform' rating on FirstService Corporation (FSV), indicating confidence in the company's performance and growth potential. The firm believes that FSV is well-positioned to capitalize on market opportunities and maintain its competitive edge. Investors may view this endorsement as a positive signal regarding the company's future prospects. BMO's maintained rating suggests a moderately positive outlook, but does not indicate any transformative changes or major developments.

5 Feb

4

FirstService Corporation's Q4 2025 earnings call summary details quarterly financial results, full-year performance, and outlook amid operational updates. Q4 earnings summaries provide critical financial metrics and guidance shaping investor sentiment and stock trajectory.

4 Feb

4 transcript

FirstService Corporation reported its Q4 earnings, highlighting strong financial performance and growth in key segments. The company emphasized its strategic initiatives aimed at enhancing operational efficiency and expanding market presence. Management provided insights into future growth opportunities and addressed investor questions regarding market conditions and competitive positioning. Overall, the earnings call reflected a positive outlook for the company moving forward. Strong financial performance and strategic initiatives indicate significant potential for future growth and market impact.

stockrow.com/FSV · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com