FirstService Corporation (TSX:FSV)

FirstService Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	5,681	5,498	5,217	4,335	3,746	3,249
Revenue Growth	3.69%	5.38%	20.36%	15.72%	15.29%	17.19%
Gross Profit Gross Profit Growth	1,878	1,846	1,718	1,388	1,180	1,046
Operating Income Operating Income Growth	345.6	350.2	323.11	266.41	223.55	213.67
Net Income Net Income Growth	147.17	145.05	134.38	100.39	121.07	135.21
Earnings Per Share EPS Growth	3.26	3.17	2.97	2.24	2.72	3.05
EPS Growth	7.60%	6.73%	32.59%	-17.65%	-10.82%	50.99%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
FirstService Residential FirstService Residential Growth	2,359	2,287	2,134	1,997	1,772	1,585
FirstService Brands Company-Owned Operations FirstService Brands Company-Owned Operations Growth	-	2,974	2,857	2,123	1,773	1,483
FirstService Brands Franchisor FirstService Brands Franchisor Growth	-	226.88	216.56	208.7	195.3	176.34
FirstService Brands Franchise Fee FirstService Brands Franchise Fee Growth	-	10.08	8.38	6.33	4.83	4.6
Revenue (Total) Revenue (Total) Growth	5,681	5,498	5,217	4,335	3,746	3,249

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	160.76	154.43	227.6	187.62	136.22	165.67
Total Debt Total Debt Growth	1,862	1,384	1,566	1,417	952.17	823.19
Net Cash (Debt) Net Cash Growth	-1,701	-1,230	-1,339	-1,229	-815.95	-657.52
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-37.73	-26.88	-29.56	-27.44	-18.34	-14.81

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	417.64	445.94	285.67	280.36	105.89	167.27
Capital Expenditures CapEx Growth	-119.2	-127.71	-112.8	-92.73	-77.61	-58.2
Free Cash Flow Free Cash Flow Growth	298.44	318.24	172.88	187.63	28.28	109.07
Free Cash Flow Growth	3.39%	84.08%	-7.86%	563.36%	-74.07%	-56.78%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	33.05%	33.58%	32.93%	32.01%	31.50%	32.20%
Operating Margin	6.08%	6.37%	6.19%	6.15%	5.97%	6.58%
Pretax Margin	4.81%	4.85%	4.94%	4.69%	5.18%	6.43%
Profit Margin	2.59%	2.64%	2.58%	2.32%	3.23%	4.16%
FCF Margin	5.25%	5.79%	3.31%	4.33%	0.76%	3.36%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 25, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.730	1.100	1.000	0.900	0.810	0.730
Dividend Per Share Growth	10.24%	10.00%	11.11%	11.11%	10.96%	10.61%
Dividend Yield	0.86%	0.71%	0.55%	0.55%	0.66%	0.37%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 25, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	43.40	49.06	60.96	72.26	44.74	63.82
Forward PE	22.01	25.91	32.63	32.52	26.23	45.34
P/FCF Ratio	20.83	22.36	47.38	38.66	191.51	79.13
PS Ratio	1.09	1.29	1.57	1.67	1.45	2.66

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Oct 22, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Oct 25, 2026

Data Sources Report a data error