FSVNasdaqReal EstateFiscal year ends December 31
FirstService Corp
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 20, 2026
$133.45−2.22 (-1.64%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 42.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2025
Gross margin
33.6%+1.1 pts over 5 years
Operating margin
6.1%+0.0 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.4% | +13.6% | +14.7% | +15.8% | |
| Gross profit | +7.5% | +16.1% | +15.4% | – | |
| Operating income | +0.2% | +15.6% | +14.8% | +16.9% | |
| EPS, diluted | +6.7% | +5.2% | +9.4% | +18.3% | |
| Free cash flow | +84.1% | +124.1% | +4.7% | +16.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | 4.9% | – | – | |
| Current ratio | 1.73 | 1.51 | 1.70 | |
| Net debt to EBITDA | 1.63× | 1.51× | 1.77× | |
| Inventory turnover | – | 15.8× | 13.2× | |
| Capex to revenue | 2.0% | 1.4% | 2.3% | |
| Diluted shares | 36M | 43M | 46M |
Where the cash went
Fiscal 2021 to 2025, five years combined
FirstService generated $1.29B from operations and spent $666.91M on capital expenditure, dividends and share buybacks. 70% of that went back into the business.
Generated
$1.29B
Used
$666.91M
Capital expenditure$469.05M70%Dividends$197.86M30%Share buybacks$00%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$445.94M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$445.94M vs –
- Less leverageLong-term debt to assets fell30.0% → 25.0%
- Better liquidityCurrent ratio rose1.83 → 1.70
- No dilutionShare count did not rise45M → 46M
- Gross margin improvedGross margin up on the prior year32.93% → 33.58%
- More efficientAsset turnover rose1.44 → 1.31