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) Net margin

Alert me on Net margin

FirstService Corporation's net margin over the twelve months to 30 September 2026 was 2.59%, down 0.1 percentage points from fiscal 2025 (2.64%). Over the past ten years it has ranged from −10.5% (fiscal 2019) to 4.16% (fiscal 2021); the current reading is higher than 55% of that period. That is above the Real Estate Services industry median of 0.11% and below the Real Estate sector median of 4.66%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 2.64% 0.06
FY2024 2.58% 0.26
FY2023 2.32% (0.91)
FY2022 3.23% (0.93)
FY2021 4.16% 1.01
FY2020 3.15% 13.60
FY2019 −10.5% (13.86)
FY2018 3.41% 0.43
FY2017 2.98% 0.71
FY2016 2.27% 0.58

Quarterly newest first

Period Net margin Change (points)
Sep 2026 2.80% (0.33)
Jun 2026 3.13% 1.61
Mar 2026 1.52% (1.30)
Dec 2025 2.82% (1.13)
43 more quarters

Against its own ten years

Low −10.5% High 4.16%
Ten-year median 2.64%
Current reading's percentile 42

Net margin against peers

Company Net margin
IHS IHS Holding Limited compare 8.63%
BEKE KE Holdings Inc. Sponsored ADR compare 5.35%
CSGP CoStar Group, Inc. compare 4.87%
NMRK Newmark Group, Inc. compare 4.11%
JLL Jones Lang LaSalle Incorporated compare 3.89%
FSV FirstService Corporation 2.59%
CIGI Colliers International Group Inc. compare 1.81%
COMP Compass, Inc. compare 0.64%
CWK Cushman & Wakefield PLC compare 0.63%
Real Estate Services industry median 0.11%
Real Estate sector median 4.66%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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