FirstService Corporation (FSV) reported $5.50B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 5.4% from the year before.

Yes. FirstService Corporation earned $145.05M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 2.6%.

How much cash and debt does FSV have?

FirstService Corporation reported $154.43M in cash and cash equivalents and $1.07B of debt on its most recent balance sheet in SEC filings.

How fast is FSV revenue growing?

FirstService Corporation's revenue changed +5.4% in fiscal 2025, to $5.50B. Its compound annual growth rate was +14.7% over 5 years and +15.8% over 10 years.

What is FSV free cash flow?

FirstService Corporation generated $318.24M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $445.94M less capital expenditures.

What is FSV earnings per share?

Diluted earnings per share were $3.17 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.

When did FSV last report financial results?

The latest statements here come from FirstService Corporation's 40-F filed on Feb 20, 2026, covering the period ended Dec 31, 2025.

Financials · FSV

FirstService Corporation (FSV) financials

For fiscal 2025 (ended Dec 31, 2025), FirstService Corporation reported $5.50B of revenue and $145.05M of net income.

Revenue, FY2025: $5.50B
Revenue growth, YoY: +5.4%
Net income, FY2025: $145.05M
Net income growth, YoY: +7.9%
Net margin: 2.6%
Free cash flow, FY2025: $318.24M
EPS, diluted, FY2025: $3.17
EPS growth, YoY: +6.7%
Cash: $154.43M
Total debt: $1.07B
P/E: 44.24
P/S: 1.17
Market cap: $6.42B

Annual revenue$5.50B

FY2016FY2025

Annual net income$145.05M

FY2016FY2025

Annual free cash flow$318.24M

FY2016FY2025

FSV revenue and earnings growth

FSV revenueFY2025$5.50B

FY YoY: +5.4%
5Y CAGR: +14.7%
10Y CAGR: +15.8%

FSV revenue was $5.50B for fiscal 2025 (ended Dec 31, 2025), up 5.4% from fiscal 2024. Compound annual growth was +14.7% over 5 years and +15.8% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

FSV net incomeFY2025$145.05M

FY YoY: +7.9%
5Y CAGR: +10.7%
10Y CAGR: +21.1%

FSV net income was $145.05M for fiscal 2025 (ended Dec 31, 2025), up 7.9% from fiscal 2024. Compound annual growth was +10.7% over 5 years and +21.1% over 10 years. It rose in 3 of the last 5 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

FSV EPSFY2025$3.17

FY YoY: +6.7%
5Y CAGR: +9.4%
10Y CAGR: +18.3%

FSV diluted EPS was $3.17 for fiscal 2025 (ended Dec 31, 2025), up 6.7% from fiscal 2024. Compound annual growth was +9.4% over 5 years and +18.3% over 10 years.

FSV free cash flowFY2025$318.24M

FY YoY: +84.1%
5Y CAGR: +4.7%
10Y CAGR: +16.8%

FSV free cash flow was $318.24M for fiscal 2025 (ended Dec 31, 2025), up 84.1% from fiscal 2024. Compound annual growth was +4.7% over 5 years and +16.8% over 10 years. It rose in 5 of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$5.50B	$5.22B	$4.33B	$3.75B	$3.25B	$2.77B	$2.41B	$1.93B	$1.73B	$1.48B
Selling, general and admin	$1.31B	$1.23B	$993.20M	$846.43M	$733.60M	$628.52M	$546.26M	$426.38M	$385.04M	$305.22M
Operating income	$338.08M	$337.51M	$244.89M	$219.03M	$201.64M	$169.41M	-$174.42M	$127.57M	$104.96M	$90.55M
Pre-tax income	$266.51M	$257.90M	$203.34M	$193.98M	$209.00M	$145.46M	-$200.48M	$115.20M	$96.61M	$81.63M
Income tax	$75.77M	$70.12M	$56.32M	$48.97M	$52.88M	$35.87M	$27.15M	$24.92M	$21.57M	$27.39M
Net income	$145.05M	$134.38M	$100.39M	$121.07M	$135.21M	$87.26M	-$251.61M	$65.86M	$51.45M	$33.60M
EPS, basic	$3.19	$2.98	$2.25	$2.74	$3.08	$2.04	-$6.58	$1.83	$1.43	$0.93
EPS, diluted	$3.17	$2.97	$2.24	$2.72	$3.05	$2.02	-$6.58	$1.80	$1.41	$0.92
Diluted shares	45.8M	45.3M	44.8M	44.5M	44.4M	43.2M	38.7M	36.6M	36.6M	36.4M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$154.43M	$227.60M	$187.62M	$136.22M	$165.66M	$184.29M	$121.20M	$66.34M	$57.19M	$43.38M
Receivables	$922.11M	$947.52M	$842.24M	$635.94M	$551.56M	$418.89M	$393.73M	$239.93M	$185.76M	$164.07M
Inventory	$274.24M	$279.63M	$246.19M	$242.34M	$161.39M	$141.98M	$94.51M	$48.23M	$37.96M	$29.71M
Current assets	$1.50B	$1.56B	$1.36B	$1.11B	$964.66M	$819.32M	$668.14M	$415.07M	$326.38M	$303.79M
Goodwill	$1.50B	$1.40B	$1.18B	$886.09M	$843.36M	$703.74M	$644.85M	$335.15M	$291.92M	$266.17M
Total assets	$4.28B	$4.19B	$3.63B	$2.77B	$2.51B	$2.20B	$1.96B	$1.01B	$848.27M	$770.96M
Current liabilities	$882.15M	$850.77M	$770.77M	$636.99M	$618.47M	$543.75M	$358.21M	$226.95M	$213.70M	$175.12M
Long-term debt	$1.07B	$1.26B	$1.14B	$698.80M	$595.37M	$533.13M	$761.08M	$330.61M	$266.87M	$249.87M
Total debt	$1.07B	$1.26B	$1.14B	$698.80M	$595.37M	$533.13M	$761.08M	$330.61M	$266.87M	$249.87M
Total liabilities	$2.91B	$3.01B	$2.60B	$1.87B	$1.71B	$1.54B	$1.53B	$771.25M	$655.98M	$599.26M
Shareholders' equity	$1.38B	$1.19B	$1.02B	$907.47M	$799.72M	$660.40M	$425.89M	$236.23M	$192.29M	$171.71M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$445.94M	$285.67M	$280.36M	$105.89M	$167.27M	$291.76M	$107.81M	$99.46M	$115.64M	$109.00M
Capital expenditures	$127.70M	$112.80M	$92.73M	$77.61M	$58.20M	$39.41M	$46.63M	$40.60M	$36.26M	$29.12M
Free cash flow	$318.24M	$172.88M	$187.63M	$28.28M	$109.06M	$252.35M	$61.18M	$58.86M	$79.38M	$79.88M
Investing cash flow	-$245.20M	-$323.70M	-$646.33M	-$160.80M	-$206.32M	-$142.26M	-$614.97M	-$106.20M	-$79.66M	-$130.84M
Financing cash flow	-$263.33M	$74.41M	$413.94M	$18.78M	$24.43M	-$75.20M	$561.14M	$20.44M	-$26.33M	$19.50M
Dividends paid	$48.89M	$43.83M	$39.05M	$34.88M	$31.21M	$27.45M	$22.04M	$18.78M	$17.14M	$15.47M
Share repurchases	-	-	-	-	-	-	-	$9.00M	$17.09M	$9.52M
Stock-based compensation	$27.39M	$25.31M	$21.39M	-	-	-	$251.50M	-	-	-
Depreciation and amortization	$185.21M	$165.27M	$127.93M	$110.14M	$98.97M	$98.38M	$79.56M	$52.77M	$42.05M	$36.97M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	5.4%	20.4%	15.7%	15.3%	17.2%	15.2%	24.6%	11.7%	16.6%	17.3%
Net income growth, YoY	7.9%	33.9%	-17.1%	-10.5%	55.0%	-	-	28.0%	53.1%	57.0%
EPS growth, YoY	6.7%	32.6%	-17.6%	-10.8%	51.0%	-	-	27.7%	53.3%	55.9%
Operating margin	6.1%	6.5%	5.6%	5.8%	6.2%	6.1%	-7.2%	6.6%	6.1%	6.1%
Net margin	2.6%	2.6%	2.3%	3.2%	4.2%	3.1%	-10.5%	3.4%	3.0%	2.3%
Free cash flow margin	5.8%	3.3%	4.3%	0.8%	3.4%	9.1%	2.5%	3.0%	4.6%	5.4%
Return on equity	10.5%	11.3%	9.8%	13.3%	16.9%	13.2%	-59.1%	27.9%	26.8%	19.6%
Return on assets	3.4%	3.2%	2.8%	4.4%	5.4%	4.0%	-12.9%	6.5%	6.1%	4.4%
Current ratio	1.70	1.83	1.77	1.74	1.56	1.51	1.87	1.83	1.53	1.73
Debt to equity	0.78	1.06	1.12	0.77	0.74	0.81	1.79	1.40	1.39	1.46

Source: XBRL data FirstService Corporation files with the SEC, latest filing dated Feb 20, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

FSV peers

Company	Revenue	Growth	Net income	Net margin	Market cap
FSV	$5.50B	+5.4%	$145.05M	2.6%	$6.42B
CBRECBRE Group Inc	$45.01B	+14.8%	$1.38B	3.1%	$39.05B
BEKEKE Holdings Inc	CN¥94.58B	+1.2%	CN¥2.99B	3.2%	$21.30B
JLLJones Lang LaSalle Incorporated	$28.20B	+11.4%	$1.10B	3.9%	$16.94B
INVHInvitation Homes Inc.	$2.90B	+7.2%	$682.40M	23.5%	$15.61B
CSGPCoStar Group Inc.	$3.67B	+20.2%	$179.00M	4.9%	$12.29B
COMPCompass Inc.	$10.56B	+67.8%	$66.80M	0.6%	$7.73B
TRNOTerreno Realty Corporation	$518.86M	+17.2%	$353.32M	68.1%	$7.33B
CIGIColliers International Group Inc. Subordinate Voting Shares	$5.56B	+15.3%	$103.10M	1.9%	$4.85B

FSV FAQ

8 questions

What is FSV revenue?
FirstService Corporation (FSV) reported $5.50B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 5.4% from the year before.
Is FSV profitable?
Yes. FirstService Corporation earned $145.05M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 2.6%.
How much cash and debt does FSV have?
FirstService Corporation reported $154.43M in cash and cash equivalents and $1.07B of debt on its most recent balance sheet in SEC filings.
How fast is FSV revenue growing?
FirstService Corporation's revenue changed +5.4% in fiscal 2025, to $5.50B. Its compound annual growth rate was +14.7% over 5 years and +15.8% over 10 years.
What is FSV free cash flow?
FirstService Corporation generated $318.24M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $445.94M less capital expenditures.
What is FSV earnings per share?
Diluted earnings per share were $3.17 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
When did FSV last report financial results?
The latest statements here come from FirstService Corporation's 40-F filed on Feb 20, 2026, covering the period ended Dec 31, 2025.
Where does this FSV financial data come from?
Quantisnow builds these statements from the structured XBRL data FirstService Corporation files with the SEC. It is provided for information only and is not investment advice.