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Stocks · Real estate · Real Estate

FirstService Corp

FSV Clue Score60
Ontario, Canada Fiscal year ends December CIK 0001637810
$129.58 -0.12% Close, 12 Oct 2026
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Price $129.58 −29.42% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,482.9Operating income90.6Net income33.6EPS, diluted0.92Fiscal year 2017Revenue1,705.5 +15.0%Operating income105.0Net income53.1 +58.0%EPS, diluted1.41 +53.3%Fiscal year 2018Revenue1,931.5 +13.3%Operating income127.6Net income90.3 +70.1%EPS, diluted1.80 +27.7%Fiscal year 2019Revenue2,407.4 +24.6%Operating income−174.4Net income−227.6 −352.1%EPS, diluted−6.58 −465.6%Fiscal year 2020Revenue2,772.4 +15.2%Operating income169.4Net income109.6EPS, diluted2.02Fiscal year 2021Revenue3,249.1 +17.2%Operating income201.6Net income156.1 +42.5%EPS, diluted3.05 +51.0%Fiscal year 2022Revenue3,745.8 +15.3%Operating income219.0Net income145.0 −7.1%EPS, diluted2.72 −10.8%Fiscal year 2023Revenue4,334.5 +15.7%Operating income244.9Net income147.0 +1.4%EPS, diluted2.24 −17.6%Fiscal year 2024Revenue5,216.9 +20.4%Operating income337.5Net income187.8 +27.7%EPS, diluted2.97 +32.6%Fiscal year 2025Revenue5,497.5 +5.4%Operating income338.1Net income190.7 +1.6%EPS, diluted3.17 +6.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,482.9 1,705.5 1,931.5 2,407.4 2,772.4 3,249.1 3,745.8 4,334.5 5,216.9 5,497.5
Growth +15.0% +13.3% +24.6% +15.2% +17.2% +15.3% +15.7% +20.4% +5.4%
Operating income 90.6 105.0 127.6 −174.4 169.4 201.6 219.0 244.9 337.5 338.1
Net income 33.6 53.1 90.3 −227.6 109.6 156.1 145.0 147.0 187.8 190.7
Growth +58.0% +70.1% −352.1% +42.5% −7.1% +1.4% +27.7% +1.6%
EPS, diluted 0.92 1.41 1.80 −6.58 2.02 3.05 2.72 2.24 2.97 3.17
Growth +53.3% +27.7% −465.6% +51.0% −10.8% −17.6% +32.6% +6.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin6.1%Net margin2.3%Free cash flow margin5.4%Fiscal year 2017Operating margin6.2%Net margin3.1%Free cash flow margin4.7%Fiscal year 2018Operating margin6.6%Net margin4.7%Free cash flow margin3.0%Fiscal year 2019Operating margin−7.2%Net margin−9.5%Free cash flow margin2.5%Fiscal year 2020Operating margin6.1%Net margin4.0%Free cash flow margin9.1%Fiscal year 2021Operating margin6.2%Net margin4.8%Free cash flow margin3.4%Fiscal year 2022Operating margin5.8%Net margin3.9%Free cash flow margin0.8%Fiscal year 2023Operating margin5.6%Net margin3.4%Free cash flow margin4.3%Fiscal year 2024Operating margin6.5%Net margin3.6%Free cash flow margin3.3%Fiscal year 2025Operating margin6.1%Net margin3.5%Free cash flow margin5.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 6.1% 6.2% 6.6% −7.2% 6.1% 6.2% 5.8% 5.6% 6.5% 6.1%
Net margin 2.3% 3.1% 4.7% −9.5% 4.0% 4.8% 3.9% 3.4% 3.6% 3.5%
Free cash flow margin 5.4% 4.7% 3.0% 2.5% 9.1% 3.4% 0.8% 4.3% 3.3% 5.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow109.0Capital expenditure−29.1Free cash flow79.9Buybacks−9.5Dividends paid−15.5Fiscal year 2017Operating cash flow115.6Capital expenditure−36.3Free cash flow79.4 −0.6%Buybacks−17.1Dividends paid−17.1Fiscal year 2018Operating cash flow99.5Capital expenditure−40.6Free cash flow58.9 −25.8%Buybacks−9.0Dividends paid−18.8Fiscal year 2019Operating cash flow107.8Capital expenditure−46.6Free cash flow61.2 +3.9%Dividends paid−22.0Fiscal year 2020Operating cash flow291.8Capital expenditure−39.4Free cash flow252.4 +312.5%Dividends paid−27.4Fiscal year 2021Operating cash flow167.3Capital expenditure−58.2Free cash flow109.1 −56.8%Dividends paid−31.2Fiscal year 2022Operating cash flow105.9Capital expenditure−77.6Free cash flow28.3 −74.1%Dividends paid−34.9Fiscal year 2023Operating cash flow280.4Capital expenditure−92.7Free cash flow187.6 +563.4%Dividends paid−39.1Fiscal year 2024Operating cash flow285.7Capital expenditure−112.8Free cash flow172.9 −7.9%Dividends paid−43.8Fiscal year 2025Operating cash flow445.9Capital expenditure−127.7Free cash flow318.2 +84.1%Dividends paid−48.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 109.0 115.6 99.5 107.8 291.8 167.3 105.9 280.4 285.7 445.9
Capital expenditure −29.1 −36.3 −40.6 −46.6 −39.4 −58.2 −77.6 −92.7 −112.8 −127.7
Free cash flow 79.9 79.4 58.9 61.2 252.4 109.1 28.3 187.6 172.9 318.2
Growth −0.6% −25.8% +3.9% +312.5% −56.8% −74.1% +563.4% −7.9% +84.1%
Buybacks −9.5 −17.1 −9.0 n/a n/a n/a n/a n/a n/a n/a
Dividends paid −15.5 −17.1 −18.8 −22.0 −27.4 −31.2 −34.9 −39.1 −43.8 −48.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash43.4Total debt250.9Net cash (debt)−207.5Shareholders’ equity171.7Debt to equity1.46Fiscal year 2017Cash57.2Total debt269.6Net cash (debt)−212.4Shareholders’ equity192.3Debt to equity1.40Fiscal year 2018Cash66.3Total debt334.5Net cash (debt)−268.2Shareholders’ equity236.2Debt to equity1.42Fiscal year 2019Cash121.2Total debt766.6Net cash (debt)−645.4Shareholders’ equity425.9Debt to equity1.80Fiscal year 2020Cash184.3Shareholders’ equity660.4Fiscal year 2021Cash165.7Shareholders’ equity799.7Fiscal year 2022Cash136.2Shareholders’ equity907.5Fiscal year 2023Cash187.6Shareholders’ equity1,024.1Fiscal year 2024Cash227.6Shareholders’ equity1,187.7Fiscal year 2025Cash154.4Shareholders’ equity1,376.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 43.4 57.2 66.3 121.2 184.3 165.7 136.2 187.6 227.6 154.4
Total debt 250.9 269.6 334.5 766.6 n/a n/a n/a n/a n/a n/a
Net cash (debt) −207.5 −212.4 −268.2 −645.4 n/a n/a n/a n/a n/a n/a
Shareholders’ equity 171.7 192.3 236.2 425.9 660.4 799.7 907.5 1,024.1 1,187.7 1,376.0
Debt to equity 1.46 1.40 1.42 1.80 n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
6.1% 6.2% 6.6% −7.2% 6.1% 6.2% 5.8% 5.6% 6.5% 6.1%
5.5% 5.7% 6.0% −8.3% 5.2% 6.4% 5.2% 4.7% 4.9% 4.8%
2.3% 3.1% 4.7% −9.5% 4.0% 4.8% 3.9% 3.4% 3.6% 3.5%
5.4% 4.7% 3.0% 2.5% 9.1% 3.4% 0.8% 4.3% 3.3% 5.8%
Spending
20.6% 22.6% 22.1% 22.7% 22.7% 22.6% 22.6% 22.9% 23.6% 23.8%
2.0% 2.1% 2.1% 1.9% 1.4% 1.8% 2.1% 2.1% 2.2% 2.3%
33.6% 22.3% 21.6% n/a 24.7% 25.3% 25.2% 27.7% 27.2% 28.4%
Returns
19.6% 27.6% 38.2% −53.4% 16.6% 19.5% 16.0% 14.4% 15.8% 13.9%
4.4% 6.3% 9.0% −11.6% 5.0% 6.2% 5.2% 4.1% 4.5% 4.5%
Balance and payout
1.46 1.40 1.42 1.80 n/a n/a n/a n/a n/a n/a
46.0% 32.3% 20.8% n/a 25.0% 20.0% 24.1% 26.6% 23.3% 25.6%
31.3% 43.1% 47.2% 36.0% 10.9% 28.6% 123.3% 20.8% 25.4% 15.4%