What is Firstservice Corp's earnings per share (EPS)?

Firstservice Corp (FSV) reported diluted earnings per share of $3.17 for fiscal year 2025. This represents a 6.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Firstservice Corp Financials

FSV

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Firstservice Corp (FSV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 46/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Firstservice Corp has an operating margin of 6.2%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is down from 6.5% the prior year.

Growth

Firstservice Corp's revenue grew 5.4% year-over-year to $5.5B, a solid pace of expansion. This earns a growth score of 42/100.

Leverage

Firstservice Corp carries a low D/E ratio of 0.78, meaning only $0.78 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Firstservice Corp's current ratio of 1.70 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Firstservice Corp has a free cash flow margin of 5.8%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Firstservice Corp's ROE of 13.9% shows moderate profitability relative to equity, earning a score of 42/100. This is down from 15.8% the prior year.

Piotroski F-Score Neutral

6/9

Firstservice Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.34x

For every $1 of reported earnings, Firstservice Corp generates $2.34 in operating cash flow ($445.9M OCF vs $190.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

4.6x

Firstservice Corp earns $4.6 in operating income for every $1 of interest expense ($338.1M vs $73.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$5.5B

YoY+5.4%

5Y CAGR+14.7%

10Y CAGR+15.8%

Firstservice Corp generated $5.5B in revenue in fiscal year 2025. This represents an increase of 5.4% from the prior year.

EBITDA

$523.3M

YoY+4.1%

5Y CAGR+14.3%

10Y CAGR+18.0%

Firstservice Corp's EBITDA was $523.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.1% from the prior year.

Net Income

$190.7M

YoY+1.6%

5Y CAGR+11.7%

10Y CAGR+24.5%

Firstservice Corp reported $190.7M in net income in fiscal year 2025. This represents an increase of 1.6% from the prior year.

EPS (Diluted)

$3.17

YoY+6.7%

5Y CAGR+9.4%

10Y CAGR+18.3%

Firstservice Corp earned $3.17 per diluted share (EPS) in fiscal year 2025. This represents an increase of 6.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$318.2M

YoY+84.1%

5Y CAGR+4.7%

10Y CAGR+16.8%

Firstservice Corp generated $318.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 84.1% from the prior year.

Cash & Debt

$154.4M

YoY-32.2%

5Y CAGR-3.5%

10Y CAGR+13.0%

Firstservice Corp held $154.4M in cash against $1.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

46M

YoY+1.0%

5Y CAGR+1.0%

10Y CAGR+2.4%

Firstservice Corp had 46M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.

Margins & Returns

Gross Margin

33.6%

YoY+0.7pp

5Y CAGR+1.1pp

Firstservice Corp's gross margin was 33.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin

6.2%

YoY-0.3pp

5Y CAGR+0.0pp

10Y CAGR+0.5pp

Firstservice Corp's operating margin was 6.2% in fiscal year 2025, reflecting core business profitability. This is down 0.3 percentage points from the prior year.

Net Margin

3.5%

YoY-0.1pp

5Y CAGR-0.5pp

10Y CAGR+1.8pp

Firstservice Corp's net profit margin was 3.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.

Return on Equity

13.9%

YoY-1.9pp

5Y CAGR-2.7pp

10Y CAGR+1.1pp

Firstservice Corp's ROE was 13.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$127.7M

YoY+13.2%

5Y CAGR+26.5%

10Y CAGR+20.6%

Firstservice Corp invested $127.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 13.2% from the prior year.

FSV Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$5.5B+5.4%	$5.2B+20.4%	$4.3B+15.7%	$3.7B+15.3%	$3.2B+17.2%	$2.8B
Cost of Revenue	$3.7B+4.4%	$3.5B+18.7%	$2.9B+14.9%	$2.6B+16.5%	$2.2B+17.7%	$1.9B
Gross Profit	$1.8B+7.5%	$1.7B+23.8%	$1.4B+17.6%	$1.2B+12.8%	$1.0B+16.2%	$900.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.3B+6.6%	$1.2B+23.8%	$993.2M+17.3%	$846.4M+15.4%	$733.6M+16.7%	$628.5M
Operating Income	$338.1M+0.2%	$337.5M+37.8%	$244.9M+11.8%	$219.0M+8.6%	$201.6M+19.0%	$169.4M
Interest Expense	-$73.7M+11.0%	-$82.9M-74.9%	-$47.4M-88.0%	-$25.2M-57.1%	-$16.0M+34.1%	-$24.3M
Income Tax	$75.8M+8.0%	$70.1M+24.5%	$56.3M+15.0%	$49.0M-7.4%	$52.9M+47.4%	$35.9M
Net Income	$190.7M+1.6%	$187.8M+27.7%	$147.0M+1.4%	$145.0M-7.1%	$156.1M+42.5%	$109.6M
EPS (Diluted)	$3.17+6.7%	$2.97+32.6%	$2.24-17.6%	$2.72-10.8%	$3.05+51.0%	$2.02

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FSV Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.3B+2.1%	$4.2B+15.7%	$3.6B+30.7%	$2.8B+10.6%	$2.5B+14.2%	$2.2B
Current Assets	$1.5B-3.6%	$1.6B+14.6%	$1.4B+22.7%	$1.1B+14.9%	$964.7M+17.7%	$819.3M
Cash & Equivalents	$154.4M-32.2%	$227.6M+21.3%	$187.6M+37.7%	$136.2M-17.8%	$165.7M-10.1%	$184.3M
Inventory	$274.2M-1.9%	$279.6M+13.6%	$246.2M+1.6%	$242.3M+50.2%	$161.4M+13.7%	$142.0M
Accounts Receivable	$922.1M-2.7%	$947.5M+12.5%	$842.2M+32.4%	$635.9M+15.3%	$551.6M+31.7%	$418.9M
Goodwill	$1.5B+7.6%	$1.4B+18.3%	$1.2B+33.2%	$886.1M+5.1%	$843.4M+19.8%	$703.7M
Total Liabilities	$2.9B-3.3%	$3.0B+15.6%	$2.6B+39.3%	$1.9B+9.2%	$1.7B+11.3%	$1.5B
Current Liabilities	$882.1M+3.7%	$850.8M+10.4%	$770.8M+21.0%	$637.0M+3.0%	$618.5M+13.7%	$543.8M
Long-Term Debt	$1.1B-15.0%	$1.3B+9.8%	$1.1B+63.8%	$698.8M+17.4%	$595.4M+11.7%	$533.1M
Total Equity	$1.4B+15.8%	$1.2B+16.0%	$1.0B+12.9%	$907.5M+13.5%	$799.7M+21.1%	$660.4M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$4.3B+2.1%	$4.2B+15.7%	$3.6B+30.7%	$2.8B+10.6%	$2.5B+14.2%	$2.2B+12.3%	$2.0B+94.1%	$1.0B
Current Assets	$1.5B-3.6%	$1.6B+14.6%	$1.4B+22.7%	$1.1B+14.9%	$964.7M+17.7%	$819.3M+22.6%	$668.1M+61.0%	$415.1M
Cash & Equivalents	$154.4M-32.2%	$227.6M+21.3%	$187.6M+37.7%	$136.2M-17.8%	$165.7M-10.1%	$184.3M+52.1%	$121.2M+82.7%	$66.3M
Inventory	$274.2M-1.9%	$279.6M+13.6%	$246.2M+1.6%	$242.3M+50.2%	$161.4M+13.7%	$142.0M+50.2%	$94.5M+96.0%	$48.2M
Accounts Receivable	$922.1M-2.7%	$947.5M+12.5%	$842.2M+32.4%	$635.9M+15.3%	$551.6M+31.7%	$418.9M+6.4%	$393.7M+64.1%	$239.9M
Goodwill	$1.5B+7.6%	$1.4B+18.3%	$1.2B+33.2%	$886.1M+5.1%	$843.4M+19.8%	$703.7M+9.1%	$644.8M+92.4%	$335.2M
Total Liabilities	$2.9B-3.3%	$3.0B+15.6%	$2.6B+39.3%	$1.9B+9.2%	$1.7B+11.3%	$1.5B+0.4%	$1.5B+98.3%	$771.2M
Current Liabilities	$882.1M+3.7%	$850.8M+10.4%	$770.8M+21.0%	$637.0M+3.0%	$618.5M+13.7%	$543.8M+51.8%	$358.2M+57.8%	$226.9M
Long-Term Debt	$1.1B-15.0%	$1.3B+9.8%	$1.1B+63.8%	$698.8M+17.4%	$595.4M+11.7%	$533.1M-30.5%	$766.6M+129.2%	$334.5M
Total Equity	$1.4B+15.8%	$1.2B+16.0%	$1.0B+12.9%	$907.5M+13.5%	$799.7M+21.1%	$660.4M+55.1%	$425.9M+80.3%	$236.2M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$45.5M

FSV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$445.9M+56.1%	$285.7M+1.9%	$280.4M+164.8%	$105.9M-36.7%	$167.3M-42.7%	$291.8M
Capital Expenditures	$127.7M+13.2%	$112.8M+21.6%	$92.7M+19.5%	$77.6M+33.3%	$58.2M+47.7%	$39.4M
Free Cash Flow	$318.2M+84.1%	$172.9M-7.9%	$187.6M+563.4%	$28.3M-74.1%	$109.1M-56.8%	$252.3M
Investing Cash Flow	-$245.2M+24.3%	-$323.7M+49.9%	-$646.3M-301.9%	-$160.8M+22.1%	-$206.3M-45.0%	-$142.3M
Financing Cash Flow	-$263.3M-453.9%	$74.4M-82.0%	$413.9M+2103.9%	$18.8M-23.1%	$24.4M+132.5%	-$75.2M
Dividends Paid	$48.9M+11.5%	$43.8M+12.2%	$39.1M+12.0%	$34.9M+11.8%	$31.2M+13.7%	$27.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FSV Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	33.6%+0.7pp	32.9%+0.9pp	32.0%+0.5pp	31.5%-0.7pp	32.2%-0.3pp	32.5%
Operating Margin	6.2%-0.3pp	6.5%+0.8pp	5.7%-0.2pp	5.9%-0.4pp	6.2%+0.1pp	6.1%
Net Margin	3.5%-0.1pp	3.6%+0.2pp	3.4%-0.5pp	3.9%-0.9pp	4.8%+0.9pp	4.0%
Return on Equity	13.9%-1.9pp	15.8%+1.4pp	14.4%-1.6pp	16.0%-3.5pp	19.5%+2.9pp	16.6%
Return on Assets	4.5%-0.0pp	4.5%+0.4pp	4.0%-1.2pp	5.2%-1.0pp	6.2%+1.2pp	5.0%
Current Ratio	1.70-0.1	1.83+0.1	1.77+0.0	1.74+0.2	1.56+0.1	1.51
Debt-to-Equity	0.78-0.3	1.06-0.1	1.12+0.3	0.77+0.0	0.74-0.1	0.81
FCF Margin	5.8%+2.5pp	3.3%-1.0pp	4.3%+3.6pp	0.8%-2.6pp	3.4%-5.7pp	9.1%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.70-0.1	1.83+0.1	1.77+0.0	1.74+0.2	1.56+0.1	1.51-0.4	1.87+0.0	1.83
Debt-to-Equity	0.78-0.3	1.06-0.1	1.12+0.3	0.77+0.0	0.74-0.1	0.81-1.0	1.80+0.4	1.42
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Firstservice Corp's annual revenue?

Firstservice Corp (FSV) reported $5.5B in total revenue for fiscal year 2025. This represents a 5.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Firstservice Corp's revenue growing?

Firstservice Corp (FSV) revenue grew by 5.4% year-over-year, from $5.2B to $5.5B in fiscal year 2025.

Is Firstservice Corp profitable?

Yes, Firstservice Corp (FSV) reported a net income of $190.7M in fiscal year 2025, with a net profit margin of 3.5%.

What is Firstservice Corp's EBITDA?

Firstservice Corp (FSV) had EBITDA of $523.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Firstservice Corp have?

As of fiscal year 2025, Firstservice Corp (FSV) had $154.4M in cash and equivalents against $1.1B in long-term debt.

What is Firstservice Corp's gross margin?

Firstservice Corp (FSV) had a gross margin of 33.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Firstservice Corp's operating margin?

Firstservice Corp (FSV) had an operating margin of 6.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Firstservice Corp's net profit margin?

Firstservice Corp (FSV) had a net profit margin of 3.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Firstservice Corp's return on equity (ROE)?

Firstservice Corp (FSV) has a return on equity of 13.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Firstservice Corp's free cash flow?

Firstservice Corp (FSV) generated $318.2M in free cash flow during fiscal year 2025. This represents a 84.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Firstservice Corp's operating cash flow?

Firstservice Corp (FSV) generated $445.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Firstservice Corp's total assets?

Firstservice Corp (FSV) had $4.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Firstservice Corp's capital expenditures?

Firstservice Corp (FSV) invested $127.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Firstservice Corp have outstanding?

Firstservice Corp (FSV) had 46M shares outstanding as of fiscal year 2025.

What is Firstservice Corp's current ratio?

Firstservice Corp (FSV) had a current ratio of 1.70 as of fiscal year 2025, which is generally considered healthy.

What is Firstservice Corp's debt-to-equity ratio?

Firstservice Corp (FSV) had a debt-to-equity ratio of 0.78 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Firstservice Corp's return on assets (ROA)?

Firstservice Corp (FSV) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Firstservice Corp's Piotroski F-Score?

Firstservice Corp (FSV) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Firstservice Corp's earnings high quality?

Firstservice Corp (FSV) has an earnings quality ratio of 2.34x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Firstservice Corp cover its interest payments?

Firstservice Corp (FSV) has an interest coverage ratio of 4.6x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Firstservice Corp?

Firstservice Corp (FSV) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.