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FirstService Corporation

FirstService Corporation

NASDAQ•FSV
CEO: Mr. Jay Stewart Hennick CM
Sector: Real Estate
Industry: Real Estate - Services
Listing Date: 2015-06-02
FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments. This segment provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service amenity management, and security and concierge/front desk; and financial services comprising cash management, other banking transaction-related, and specialized property insurance brokerage. In addition, this segment offers energy management solutions and advisory services, and resale processing services. Its FirstService Brands segment operates and provides essential property services to residential and commercial customers through franchise networks; and company-owned operations, including California Closets, Paul Davis Restoration, and CertaPro Painters operations. It provides residential and commercial restoration, painting, and floor coverings design and installation services; custom-designed and installed closet, and home storage solutions; home inspection services; and fire protection and related services. This segment offers its services primarily under the Paul Davis Restoration, Roofing Corp of America, First Onsite property Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was incorporated in 1988 and is headquartered in Toronto, Canada.
Contact Information
1255 Bay Street, Suite 600, Toronto, ON, M5R 2A9, Canada
416-960-9566
www.firstservice.com
Market Cap
$7.32B
P/E (TTM)
37.8
238.7
Dividend Yield
0.7%
52W High
$209.66
52W Low
$147.23
52W Range
21%
Rank26Top 13.0%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$1.45B+2.86%
4-Quarter Trend

EPS

$1.24-7.46%
4-Quarter Trend

FCF

$91.00M+80.38%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Effective Internal Control Over Reporting Management concluded internal control over financial reporting was effective as of December 31, 2024, based on COSO framework criteria.
Recent Acquisitions Revenue Contribution Eight majority-owned entities acquired in 2024 contributed 3.9% of total revenues and 2.3% of total assets.
Stable External Audit Fees Total principal accountant fees were 2.119M USD in 2024, slightly down from 2.146M USD billed in the prior year.

Risk Factors

Inherent Internal Control Limitations Internal control over financial reporting may not prevent or detect all misstatements due to inherent limitations and changing conditions.
Excluded Entities from Control Assessment Management excluded eight majority-owned acquired entities from internal control assessment due to 2024 purchase business combinations.
Reduced Tax Advisory Fees Tax fees billed by the external auditor decreased to 292K USD in 2024, down from 339K USD in the prior year.

Outlook

No Material Off-Balance Sheet Risk Registrant confirms no off-balance sheet arrangements exist that are reasonably likely to materially affect financial performance or condition.
Audit Committee Financial Expert Ms. Joan Sproul, a CPA with extensive finance experience, is designated as the independent audit committee financial expert.
NASDAQ Foreign Private Issuer Status As a foreign private issuer, the Registrant follows home country practices in lieu of certain NASDAQ corporate governance rules.

Peer Comparison

Revenue (TTM)

CBRE Group, Inc.CBRE
$39.33B
+14.6%
Jones Lang LaSalle IncorporatedJLL
$25.32B
+12.5%
Cushman & Wakefield plcCWK
$10.00B
+6.8%

Gross Margin (Latest Quarter)

Anywhere Real Estate Inc.HOUS
81.2%
-0.2pp
RE/MAX Holdings, Inc.RMAX
75.2%
+0.8pp
Jones Lang LaSalle IncorporatedJLL
51.6%
-1.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CBRE$50.36B41.014.7%28.2%
JLL$16.78B27.19.1%20.3%
FSV$7.32B37.811.1%34.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.0%
Moderate Growth
4Q Net Income CAGR
20.7%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$1.32
|
Revenue:$1.36B
Reports
All Years
  • Form 40-F - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $5.22B+20.4%
    |
    EPS: $2.98+32.4%
    Beat
  • Form 40-F/A - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 11, 2024|
    Revenue: $4.33B+15.7%
    |
    EPS: $2.25-17.9%
    Beat
  • Form 40-F - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|Refer to amended data
  • Form 40-F - FY 2022

    Period End: Dec 31, 2022|Filed: Feb 23, 2023|
    Revenue: $3.75B+15.3%
    |
    EPS: $2.74-11.0%
    Miss
  • Form 40-F - FY 2021

    Period End: Dec 31, 2021|Filed: Mar 3, 2022|
    Revenue: $3.25B+17.2%
    |
    EPS: $3.08+51.0%
    Miss
  • Form 40-F - FY 2020

    Period End: Dec 31, 2020|Filed: Feb 25, 2021|
    Revenue: $2.77B+15.2%
    |
    EPS: $2.04+134.3%
    Miss