What is FirstService Corporation's earnings per share (EPS)?

FirstService Corporation (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 Corporation (FSV) Financials

FSV

FY2025 annual

Revenue $5.5B +5.4% YoY

Net Income $190.7M +1.6% YoY

EPS (Diluted) $3.17 +6.7% YoY

Free Cash Flow $318.2M +84.1% YoY

Market Cap $5.6B as of Oct 3, 2026

Price / Sales 1.0x on $5.5B revenue, FY2025

Price / Earnings 29.6x on $190.7M net income, FY2025

Price / Book 4.1x on $1.4B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Feb 20, 2026 Currency USD FYE December

Newest figures come from the 40-F for FY2025, filed Feb 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FSV SEC filings page.

FirstService Corporation (FSV) reported $5.5B in revenue for fiscal year 2025, up 5.4% from the prior fiscal year. This page shows its 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).

Rhea AI FSV FY2025 2026-09-05

Growth is increasingly cash-generative, but debt reduction and rising goodwill reveal an acquisition-shaped operating model.

In the latest year, operating cash flow reached $445.9M against net income of $190.7M, a gap consistent with stronger non-cash add-backs and working-capital support rather than earnings alone. Free cash flow nearly doubled over the latest year while debt-to-equity declined, indicating that improved cash conversion was being used partly to reduce financial leverage.

Gross margin expanded from 32.9% to 33.6%, indicating some improvement in the economics of revenue delivery. Yet operating margin slipped from 6.5% to 6.2%, so selling, general and administrative costs absorbed most of the gross-profit gain instead of allowing it to flow through.

The goodwill-heavy asset base places about 35.1% of assets in acquired intangibles, making balance-sheet growth materially different from purely organic reinvestment. Debt-to-equity fell from 1.1x to 0.8x, so leverage eased even as total assets expanded.

Financial Health Signals

Financial Health Score 67/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of FirstService Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. FirstService Corporation scores 26/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. FirstService Corporation scores 73/100 on it among other REITs.

Leverage

FirstService Corporation's net debt of $914.6M, being $1.1B of long-term debt less $154.4M of cash, came to 1.75 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and FirstService Corporation scores 87/100 among other REITs.

Interest Cov.

FirstService Corporation's operating income of $338.1M covered its interest expense of $73.7M 4.59 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and FirstService Corporation scores 87/100 among other REITs.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. FirstService Corporation scores 31/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. FirstService Corporation scores 96/100 on it among other REITs.

Piotroski F-Score Neutral

6/9

FirstService Corporation 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 Corporation 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

4.59x

FirstService Corporation earns $4.59 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

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$154.4M

YoY-32.2%

QoQ-32.2%

FirstService Corporation held $154.4M in cash against $1.1B in long-term debt as of Q4 2025.

Shares Outstanding

46M

YoY+1.0%

QoQ+1.0%

FirstService Corporation had 46M shares outstanding in Q4 2025. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

FSV Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSV quarterly income statement

Metric	FY2540-F	FY2440-F	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Revenue	$5.5B+5.4%	$5.2B+20.4%	$4.3B+15.7%	$3.7B+15.3%	$3.2B+17.2%	$2.8B+15.2%	$2.4B+24.6%	$1.9B+13.3%	$1.7B+15.0%	$1.5B+17.3%	$1.3B+11.7%	$1.1B+9.0%	$1.0B
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+14.5%	$1.6B+23.8%	$1.3B	N/A	N/A	N/A	N/A	N/A
Gross Profit	$1.8B+7.5%	$1.7B+23.8%	$1.4B+17.6%	$1.2B+12.8%	$1.0B+16.2%	$900.6M+16.5%	$773.3M+26.5%	$611.2M	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+15.1%	$546.3M+28.1%	$426.4M+10.7%	$385.0M+26.1%	$305.2M+9.3%	$279.2M+7.9%	$258.7M+12.6%	$229.8M
Operating Income	$338.1M+0.2%	$337.5M+37.8%	$244.9M+11.8%	$219.0M+8.6%	$201.6M+19.0%	$169.4M+197.1%	-$174.4M-236.7%	$127.6M+21.5%	$105.0M+15.9%	$90.5M+28.0%	$70.7M+55.1%	$45.6M+23.0%	$37.1M
EBITDA	$523.3M+4.1%	$502.8M+34.9%	$372.8M+13.3%	$329.2M+9.5%	$300.6M+12.3%	$267.8M+382.3%	-$94.9M-152.6%	$180.3M+22.7%	$147.0M+15.3%	$127.5M+27.9%	$99.7M+38.3%	$72.1M-5.6%	$76.4M
Interest Expense	$73.7M-11.0%	$82.9M+74.9%	$47.4M+88.0%	$25.2M+57.1%	$16.0M-34.1%	$24.3M-24.2%	$32.1M+154.2%	$12.6M+27.9%	$9.9M+7.8%	$9.2M+0.8%	$9.1M+30.9%	$6.9M-46.0%	$12.8M
Income Tax	$75.8M+8.0%	$70.1M+24.5%	$56.3M+15.0%	$49.0M-7.4%	$52.9M+47.4%	$35.9M+32.1%	$27.1M+8.9%	$24.9M+15.6%	$21.6M-21.2%	$27.4M+17.0%	$23.4M+91.2%	$12.2M+111.6%	$5.8M
Net Income	$190.7M+1.6%	$187.8M+27.7%	$147.0M+1.4%	$145.0M-7.1%	$156.1M+42.5%	$109.6M+148.1%	-$227.6M-352.1%	$90.3M+70.1%	$53.1M+58.0%	$33.6M+57.0%	$21.4M+65.0%	$13.0M+305.9%	$3.2M
EPS (Basic)	$3.19+7.0%	$2.98+32.4%	$2.25-17.9%	$2.74-11.0%	$3.08+51.0%	$2.04+131.0%	-$6.58-459.6%	$1.83+28.0%	$1.43+53.8%	$0.93+57.6%	$0.59+63.9%	$0.36+300.0%	$0.09
EPS (Diluted)	$3.17+6.7%	$2.97+32.6%	$2.24-17.6%	$2.72-10.8%	$3.05+51.0%	$2.02	-$6.58-465.6%	$1.80+27.7%	$1.41+53.3%	$0.92+55.9%	$0.59+63.9%	$0.36+300.0%	$0.09
Diluted Shares (Avg)	46M+1.0%	45M+1.1%	45M+0.7%	44M+0.2%	44M+2.8%	43M	39M+5.7%	37M0.0%	37M+0.5%	36M-0.2%	36M+0.2%	36M+0.2%	36M

Metric	Q4'2540-F	Q4'2440-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

FSV Balance Sheet

FSV quarterly balance sheet

Metric	FY2540-F	FY2440-F	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
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+18.8%	$848.3M+10.0%	$771.0M+28.4%	$600.5M-2.4%	$615.5M+0.9%	$610.3M
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+27.2%	$326.4M+7.4%	$303.8M+32.0%	$230.2M-8.2%	$250.7M	N/A
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+16.0%	$57.2M+31.8%	$43.4M-4.8%	$45.6M-31.8%	$66.8M-22.7%	$86.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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+27.1%	$38.0M+27.7%	$29.7M+83.9%	$16.2M+70.2%	$9.5M	N/A
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+29.2%	$185.8M+13.2%	$164.1M+43.3%	$114.5M-0.5%	$115.1M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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+14.8%	$291.9M+9.7%	$266.2M+20.6%	$220.6M+1.5%	$217.4M	N/A
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+17.6%	$656.0M+9.5%	$599.3M+38.3%	$433.5M-5.1%	$456.8M+3.4%	$441.6M
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+6.2%	$213.7M+22.0%	$175.1M+34.6%	$130.1M+3.2%	$126.1M	N/A
Non-Current Liabilities	$1.5B-9.8%	$1.7B+14.0%	$1.5B+50.3%	$996.6M+14.3%	$871.7M+9.0%	$799.4M-19.8%	$996.7M+153.8%	$392.7M+21.0%	$324.6M+3.9%	$312.5M+38.4%	$225.8M-9.6%	$249.8M	N/A
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-30.0%	$761.1M+130.2%	$330.6M+23.9%	$266.9M+6.8%	$249.9M+26.7%	$197.2M-11.0%	$221.6M	N/A
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+22.9%	$192.3M+12.0%	$171.7M+2.8%	$167.0M+5.2%	$158.7M-5.9%	$168.7M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$45.5M+503.5%	$7.5M	N/A	N/A	N/A	N/A

Metric	Q4'2540-F	Q4'2440-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
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+18.8%
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+27.2%
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+16.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
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+27.1%
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+29.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
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+14.8%
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+17.6%
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+6.2%
Non-Current Liabilities	$1.5B-9.8%	$1.7B+14.0%	$1.5B+50.3%	$996.6M+14.3%	$871.7M+9.0%	$799.4M-19.8%	$996.7M+153.8%	$392.7M+21.0%
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-30.0%	$761.1M+130.2%	$330.6M+23.9%
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+22.9%
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$45.5M+503.5%

FSV Cash Flow Statement

FSV quarterly cash flow statement

Metric	FY2540-F	FY2440-F	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
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+170.6%	$107.8M+8.4%	$99.5M-14.0%	$115.6M+6.1%	$109.0M+25.2%	$87.1M+92.8%	$45.2M+31.2%	$34.4M
Depreciation & Amortization	$185.2M+12.1%	$165.3M+29.2%	$127.9M+16.2%	$110.1M+11.3%	$99.0M+0.6%	$98.4M+23.7%	$79.6M+50.8%	$52.8M+25.5%	$42.0M+13.7%	$37.0M+27.5%	$29.0M+9.5%	$26.5M-32.7%	$39.3M
Stock-Based Compensation	$27.4M+8.2%	$25.3M+18.4%	$21.4M	N/A	N/A	N/A	$251.5M	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	$127.7M+13.2%	$112.8M+21.6%	$92.7M+19.5%	$77.6M+33.3%	$58.2M+47.7%	$39.4M-15.5%	$46.6M+14.9%	$40.6M+12.0%	$36.3M+24.5%	$29.1M+47.9%	$19.7M-12.2%	$22.4M+34.0%	$16.7M
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+312.5%	$61.2M+3.9%	$58.9M-25.8%	$79.4M-0.6%	$79.9M+18.5%	$67.4M+196.4%	$22.7M+28.6%	$17.7M
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+76.9%	-$615.0M-479.1%	-$106.2M-33.3%	-$79.7M+39.1%	-$130.8M-305.4%	-$32.3M+19.1%	-$39.9M-62.5%	-$24.6M
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-113.4%	$561.1M+2645.0%	$20.4M+177.6%	-$26.3M-235.0%	$19.5M+126.0%	-$75.1M-205.1%	-$24.6M-231.0%	-$7.4M
Dividends Paid	$48.9M+11.5%	$43.8M+12.2%	$39.1M+12.0%	$34.9M+11.8%	$31.2M+13.7%	$27.4M+24.5%	$22.0M+17.4%	$18.8M+9.6%	$17.1M+10.8%	$15.5M+115.0%	$7.2M	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$9.0M-47.3%	$17.1M+79.6%	$9.5M-51.1%	$19.5M	N/A	N/A

Metric	Q4'2540-F	Q4'2440-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

FSV Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSV quarterly financial ratios

Metric	FY2540-F	FY2440-F	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Gross Margin	33.6%+0.7pp	32.9%+0.9pp	32.0%+0.5pp	31.5%-0.7pp	32.2%-0.3pp	32.5%+0.4pp	32.1%+0.5pp	31.6%	N/A	N/A	N/A	N/A	N/A
Operating Margin	6.2%-0.3pp	6.5%+0.8pp	5.7%-0.2pp	5.9%-0.4pp	6.2%+0.1pp	6.1%+13.4pp	-7.2%-13.9pp	6.6%+0.5pp	6.2%0.0pp	6.1%+0.5pp	5.6%+1.6pp	4.0%+0.5pp	3.6%
Net Margin	3.5%-0.1pp	3.6%+0.2pp	3.4%-0.5pp	3.9%-0.9pp	4.8%+0.9pp	4.0%+13.4pp	-9.5%-14.1pp	4.7%+1.6pp	3.1%+0.8pp	2.3%+0.6pp	1.7%+0.5pp	1.1%+0.8pp	0.3%
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%+70.0pp	-53.4%-91.7pp	38.2%+10.6pp	27.6%+8.0pp	19.6%+6.8pp	12.8%+4.6pp	8.2%+6.3pp	1.9%
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%+16.6pp	-11.6%-20.6pp	9.0%+2.7pp	6.3%+1.9pp	4.4%+0.8pp	3.6%+1.4pp	2.1%+1.6pp	0.5%
Current Ratio	1.70-0.1x	1.83+0.1x	1.770.0x	1.74+0.2x	1.56+0.1x	1.51-0.4x	1.870.0x	1.83+0.3x	1.53-0.2x	1.730.0x	1.77-0.2x	1.99	N/A
Debt-to-Equity	0.78-0.3x	1.06-0.1x	1.12+0.3x	0.770.0x	0.74-0.1x	0.81-1.0x	1.79+0.4x	1.400.0x	1.39-0.1x	1.46+0.3x	1.18-0.2x	1.40-1.2x	2.62
Asset Turnover	1.280.0x	1.240.0x	1.20-0.2x	1.35+0.1x	1.290.0x	1.260.0x	1.23-0.7x	1.92-0.1x	2.01+0.1x	1.92-0.2x	2.11+0.3x	1.84+0.1x	1.70
FCF Margin	5.8%+2.5pp	3.3%-1.0pp	4.3%+3.6pp	0.8%-2.6pp	3.4%-5.7pp	9.1%+6.6pp	2.5%-0.5pp	3.0%-1.6pp	4.7%-0.7pp	5.4%+0.1pp	5.3%+3.3pp	2.0%+0.3pp	1.7%

Metric	Q4'2540-F	Q4'2440-F	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Current Ratio	1.70-0.1x	1.83+0.1x	1.770.0x	1.74+0.2x	1.56+0.1x	1.51-0.4x	1.870.0x	1.83+0.3x
Debt-to-Equity	0.78-0.3x	1.06-0.1x	1.12+0.3x	0.770.0x	0.74-0.1x	0.81-1.0x	1.79+0.4x	1.400.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
FirstService Corporation FSV	FY2025	$5.5B	$190.7M	3.5%	$5.6B	67/100
Colliers International Group Inc. CIGI	FY2025	$5.6B	$224.6M	4.0%	$4.6B	68/100
Opendoor Technologies Inc OPEN	FY2025	$4.4B	-$1.3B	-29.7%	$2.4B	6/100
Newmark Group, Inc. NMRK	FY2025	$3.3B	$126.2M	3.8%	$2.3B	54/100
Cushman & Wakefield Ltd. CWK	FY2025	$10.3B	$88.2M	0.9%	$2.8B	43/100
Compass, Inc. COMP	FY2025	$7.0B	-$58.5M	-0.8%	$7.1B	25/100

Where FirstService Corporation Ranks

Frequently Asked Questions

What is FirstService Corporation's annual revenue?

FirstService Corporation (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 Corporation's revenue growing?

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

Is FirstService Corporation profitable?

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

What is FirstService Corporation's EBITDA?

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

How much debt does FirstService Corporation have?

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

What is FirstService Corporation's gross margin?

FirstService Corporation (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 Corporation's operating margin?

FirstService Corporation (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 Corporation's net profit margin?

FirstService Corporation (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 Corporation's return on equity (ROE)?

FirstService Corporation (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 Corporation's free cash flow?

FirstService Corporation (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 Corporation's operating cash flow?

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

What are FirstService Corporation's total assets?

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

What are FirstService Corporation's capital expenditures?

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

How many shares does FirstService Corporation have outstanding?

FirstService Corporation (FSV) had 46M shares outstanding as of fiscal year 2025.

What is FirstService Corporation's current ratio?

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

What is FirstService Corporation's debt-to-equity ratio?

FirstService Corporation (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 Corporation's return on assets (ROA)?

FirstService Corporation (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 Corporation's P/E ratio?

FirstService Corporation (FSV) trades at 29.6x earnings, its market capitalization divided by net income of $190.7M net income, FY2025. The market capitalization is $5.6B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is FirstService Corporation's price-to-sales ratio?

FirstService Corporation (FSV) trades at 1.0x sales, its market capitalization divided by revenue of $5.5B revenue, FY2025. The market capitalization is $5.6B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is FirstService Corporation's Piotroski F-Score?

FirstService Corporation (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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are FirstService Corporation's earnings high quality?

FirstService Corporation (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 Corporation cover its interest payments?

FirstService Corporation (FSV) has an interest coverage ratio of 4.59x, 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 Corporation?

FirstService Corporation (FSV) scores 67 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.