FirstService Corporation

FSV Real Estate Real Estate Services

FirstService Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 5.38% from fiscal 2024.

Revenue
+5.81%
EPS
−20.8%
Free cash flow
−39.9%
Total debt
+29.0%

Quarter to September 2026, against a year earlier

153.78 1.47 −0.95%
Market cap
$7.1B
P/E
46.9×
Fwd P/E
43.6×
Dividend yield
0.77%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

FirstService Corporation (FSV) Debt to equity

Alert me on Debt to equity

FirstService Corporation's debt to equity at the end of the quarter to 30 September 2026 was 1.7×, up 0.9× from fiscal 2025 (0.8×). Over the past ten years it has ranged from 0.8× (fiscal 2025) to 1.8× (fiscal 2019) — the current reading is the lowest in ten years. That is above the Real Estate Services industry median of 0.1× and above the Real Estate sector median of 0.7×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.8× (28.04%)
FY2024 1.1× (5.27%)
FY2023 1.2× 42.60%
FY2022 0.8× (0.85%)
FY2021 0.8× (8.57%)
FY2020 0.9× (50.40%)
FY2019 1.8× 27.12%
FY2018 1.4× 0.99%
FY2017 1.4× 1.17%
FY2016 1.4× 15.06%

Quarterly newest first

Period Debt to equity Change
Sep 2026 1.7× 61.64%
Jun 2026 1.0× 38.94%
Mar 2026 0.7× (6.10%)
Dec 2025 0.8× (12.56%)
41 more quarters

Against its own ten years

Low 0.8× High 1.8×
Ten-year median 1.2×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
IHS IHS Holding Limited compare −18.7×
BEKE KE Holdings Inc. Sponsored ADR compare 0.0×
CSGP CoStar Group, Inc. compare 0.1×
JLL Jones Lang LaSalle Incorporated compare 0.2×
NMRK Newmark Group, Inc. compare 0.5×
COMP Compass, Inc. compare 1.1×
CWK Cushman & Wakefield PLC compare 1.2×
CIGI Colliers International Group Inc. compare 1.6×
FSV FirstService Corporation 1.7×
Real Estate Services industry median 0.1×
Real Estate sector median 0.7×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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