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) Operating margin

Alert me on Operating margin

FirstService Corporation's operating margin over the twelve months to 30 September 2026 was 5.98%, down 0.2 percentage points from fiscal 2025 (6.15%). Over the past ten years it has ranged from −7.25% (fiscal 2019) to 6.60% (fiscal 2018); the current reading is higher than 73% of that period. That is above the Real Estate Services industry median of 0.00% and below the Real Estate sector median of 17.8%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 6.15% (0.32)
FY2024 6.47% 0.82
FY2023 5.65% (0.20)
FY2022 5.85% (0.36)
FY2021 6.21% 0.10
FY2020 6.11% 13.36
FY2019 −7.25% (13.85)
FY2018 6.60% 0.53
FY2017 6.07% (0.04)
FY2016 6.11% 0.51

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 7.01% 0.13
Jun 2026 6.88% 3.34
Mar 2026 3.54% (2.67)
Dec 2025 6.21% (1.78)
43 more quarters

Against its own ten years

Low −7.25% High 6.60%
Ten-year median 6.11%
Current reading's percentile 37

Operating margin against peers

Company Operating margin
IHS IHS Holding Limited compare 42.6%
NMRK Newmark Group, Inc. compare 7.66%
CIGI Colliers International Group Inc. compare 6.27%
FSV FirstService Corporation 5.98%
CSGP CoStar Group, Inc. compare 5.77%
BEKE KE Holdings Inc. Sponsored ADR compare 5.39%
JLL Jones Lang LaSalle Incorporated compare 4.94%
CWK Cushman & Wakefield PLC compare 4.53%
COMP Compass, Inc. compare −2.61%
Real Estate Services industry median 0.00%
Real Estate sector median 17.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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