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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, FirstService Corporation (FSV) trades at a price to free cash flow of 22.3×. Over the past ten years it has ranged from 0.0× (March 2016) to 463× (December 2022); the current reading is higher than 17% of that period. That is above the Real Estate Services industry median of 16.7× and above the Real Estate sector median of 12.3×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 22.3× (52.80%)
FY2024 47.1× 30.34%
FY2023 36.2× (81.19%)
FY2022 192× 147.52%
FY2021 77.7× 235.30%
FY2020 23.2× (60.14%)
FY2019 58.1× 38.99%
FY2018 41.8× 32.98%
FY2017 31.5× 53.58%
FY2016 20.5× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 18.6× (3.35%)
Jun 2026 19.2× 10.42%
Mar 2026 17.4× (21.82%)
Dec 2025 22.3× (26.01%)
43 more quarters

Against its own ten years

Low 0.0× High 463×
Ten-year median 36.4×
Current reading's percentile 17

Price to free cash flow against peers

Company Price to free cash flow
NMRK Newmark Group, Inc. compare 2.7×
IHS IHS Holding Limited compare 3.8×
JLL Jones Lang LaSalle Incorporated compare 15.5×
CWK Cushman & Wakefield PLC compare 16.7×
CIGI Colliers International Group Inc. compare 21.8×
FSV FirstService Corporation 22.3×
BEKE KE Holdings Inc. Sponsored ADR compare 25.4×
CSGP CoStar Group, Inc. compare 35.8×
COMP Compass, Inc. compare 54.4×
Real Estate Services industry median 16.7×
Real Estate sector median 12.3×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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