Tearsheet

FirstService (FSV)


Market Price (9/4/2025): $202.08 | Market Cap: $9.2 Bil
Sector: Real Estate | Industry: Real Estate Services

FirstService (FSV)


Market Price (9/4/2025): $202.08
Market Cap: $9.2 Bil
Sector: Real Estate
Industry: Real Estate Services

Investment Highlights

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Market Valuation

 9/4/252024202320222021
Share Price CYE$202.08$180.43$160.61$120.69$192.25
Market Cap CYE ($ Bil)9.28.27.25.38.5
Total Debt ($ Bil)1.51.61.41.00.8
Total Cash ($ Bil)0.20.20.20.10.2
Enterprise Value ($ Bil)10.59.88.66.39.3
Valuation Ratios     
P/S TTM1.71.61.71.42.6
P/EBIT TTM26.023.928.824.738.3
P/E TTM65.060.671.944.763.7
Sector Ratios     
P/S TTM (Sector)5.65.55.25.57.6
P/EBIT TTM (Sector)17.817.415.916.422.9
P/E TTM (Sector)25.126.123.722.033.6
 9/4/2520242023
Share Price CYE$202.08$180.43$160.61
Market Cap CYE ($ Bil)9.28.27.2
Total Debt ($ Bil)1.51.61.4
Total Cash ($ Bil)0.20.20.2
Enterprise Value ($ Bil)10.59.88.6
Valuation Ratios   
P/S TTM1.71.61.7
P/EBIT TTM26.023.928.8
P/E TTM65.060.671.9
Sector Ratios   
P/S TTM (Sector)5.65.55.2
P/EBIT TTM (Sector)17.817.415.9
P/E TTM (Sector)25.126.123.7

Business Description

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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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. Show more

Price Returns Compared

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 202020212022202320242025Total [1]
Returns
FSV Return48%44%-37%33%12%-2%96%
Peers Return-12%-7%-24%57%-13%44%22%
S&P 500 Return16%27%-19%24%23%10%100%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: OPEN, ADPPF, DUSCF, DWHHF, FBGBY.
[3] 2025 data is for the year up to 9/3/2025 (YTD)

Recent Active Movers

Recent Active Movers

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Peer Comparisons for FirstService

Financials

FSVOPENADPPFDUSCFDWHHFFBGBYMedian
NameFirstSer.Opendoor.Adler Deutsche.Deutsche.Fabege  
Mkt Price-5.13----5.13
Mkt Cap-3.7----3.7
Rev LTM-5,1813612701,1783,6441,178
Op Inc LTM--204-762161632,393163
FCF LTM-511-176151-1,376331
FCF 3Y Avg-1,094-132160-1,505627
CFO LTM-526-174151-1,376339
CFO 3Y Avg-1,122-130160-1,524641

Growth & Margins

FSVOPENADPPFDUSCFDWHHFFBGBYMedian
NameFirstSer.Opendoor.Adler Deutsche.Deutsche.Fabege  
Rev Chg LTM-14.1%-13.1%-0.3%-2.1%-4.3%-2.1%
Rev Chg 3Y Avg--24.2%-24.7%8.5%-12.8%7.0%-12.8%
Rev Chg Q-3.7%-35.4%-2.6%345.3%13.4%3.7%
QoQ Delta Rev Chg LTM-1.1%-8.0%-0.6%71.9%3.3%1.1%
Op Mgn LTM--3.9%-21.2%80.1%13.8%65.7%13.8%
Op Mgn 3Y Avg--7.4%-33.7%77.9%35.8%61.9%35.8%
QoQ Delta Op Mgn LTM-1.3%-8.9%-0.7%-68.7%-1.5%-1.5%
CFO/Rev LTM-10.2%-48.1%56.0%-37.8%24.0%
CFO/Rev 3Y Avg-5.9%-29.5%61.5%-40.5%23.2%
FCF/Rev LTM-9.9%-48.8%56.0%-37.8%23.8%
FCF/Rev 3Y Avg-5.4%-30.0%61.5%-40.0%22.7%

Valuation

FSVOPENADPPFDUSCFDWHHFFBGBYMedian
NameFirstSer.Opendoor.Adler Deutsche.Deutsche.Fabege  
Mkt Cap-3.7----3.7
P/S-0.7----0.7
P/EBIT--22.0-----22.0
P/E--12.3-----12.3
P/CFO-7.1----7.1
Total Yield--8.2%-----8.2%
Dividend Yield-0.0%----0.0%
FCF Yield 3Y Avg-61.1%----61.1%
D/E-0.6----0.6
Net D/E-0.4----0.4

Returns

FSVOPENADPPFDUSCFDWHHFFBGBYMedian
NameFirstSer.Opendoor.Adler Deutsche.Deutsche.Fabege  
1M Rtn-108.5%----108.5%
3M Rtn-717.4%----717.4%
6M Rtn-317.1%----317.1%
12M Rtn-164.4%----164.4%
3Y Rtn-25.1%----25.1%
1M Excs Rtn-106.7%----106.7%
3M Excs Rtn-760.5%----760.5%
6M Excs Rtn-302.1%----302.1%
12M Excs Rtn-129.0%----129.0%
3Y Excs Rtn--47.6%-----47.6%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
FirstService Brands2,3381,9741,6641,357995
FirstService Residential1,9971,7721,5851,4151,412
Corporate00000
Total4,3353,7463,2492,7722,407


Operating Income by Segment
$ Mil20242023202220212020
FirstService Residential155139127113105
FirstService Brands1261121077961
Corporate-37-31-32-22-340
Total245219202169-174


Assets by Segment
$ Mil20242023202220212020
FirstService Brands2,6801,9321,6981,5281,323
FirstService Residential940837805663625
Corporate66567
Total3,6262,7752,5092,1971,955


Price Behavior

Short Interest

Short Interest: As Of Date8152025
Short Interest: Shares Quantity228,384
Short Interest: % Change Since 73120257.7%
Average Daily Volume109,585
Days-to-Cover Short Interest2.08
Basic Shares Quantity45,449,000
Short % of Basic Shares0.5%

Insider Activity

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