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) Free cash flow margin

Alert me on Free cash flow margin

FirstService Corporation's free cash flow margin over the twelve months to 30 September 2026 was 5.25%, down 0.5 percentage points from fiscal 2025 (5.79%). Over the past ten years it has ranged from 0.76% (fiscal 2022) to 9.10% (fiscal 2020); the current reading is higher than 91% of that period. That is above the Real Estate Services industry median of 0.00% and below the Real Estate sector median of 9.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 5.79% 2.48
FY2024 3.31% (1.19)
FY2023 4.50% 3.74
FY2022 0.76% (2.60)
FY2021 3.36% (5.74)
FY2020 9.10% 6.56
FY2019 2.54% (0.51)
FY2018 3.05% (1.54)
FY2017 4.59% (0.80)
FY2016 5.39% 0.06

Against its own ten years

Low 0.76% High 9.10%
Ten-year median 4.50%
Current reading's percentile 91

Free cash flow margin against peers

Company Free cash flow margin
IHS IHS Holding Limited compare 39.2%
NMRK Newmark Group, Inc. compare 22.1%
CSGP CoStar Group, Inc. compare 9.72%
BEKE KE Holdings Inc. Sponsored ADR compare 6.17%
FSV FirstService Corporation 5.25%
JLL Jones Lang LaSalle Incorporated compare 3.93%
CIGI Colliers International Group Inc. compare 3.78%
CWK Cushman & Wakefield PLC compare 1.82%
COMP Compass, Inc. compare 1.22%
Real Estate Services industry median 0.00%
Real Estate sector median 9.51%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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