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FirstService Corporation

FSVReal EstateNASDAQ

Real Estate Services

PriceMA150MA200
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Financials · Annual
Revenue
$5.50B
+5.4% YoY
Net Income
$145.0M
+7.9% YoY
EBITDA
$525.4M
+3.8% YoY
Free Cash Flow
$345.6M

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About FirstService Corporation

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States. With a market capitalization of $6.36B, it sits in mid-cap territory. It operates through two segments: FirstService Residential and FirstService Brands.

Key stats
Market Cap$6.36B
P/E (TTM)38.94
Fwd P/E20.50
EPS$3.55
Beta0.91
52W Change-21.6%
Dividend Yield0.88%
ROE11.2%
Analysis

The company holds $191.4M in cash, though total debt stands at $1.37B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $345.6M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 11.2%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 5.1% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $3.75B (2022) to $5.50B (2025), reflecting a 47% increase over the period.

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FSV.

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