FSV · NASDAQ · Real Estate - Services

FirstService

Runs residential-community management and essential property-service businesses across North America.

$141.54
After-hours close+0.04 (+0.03%)
At close$141.50(+0.29%)
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Profile

FirstService CorporationFSVReal Estate

Two property-service platforms drive the business: FirstService Residential manages private communities, while FirstService Brands delivers restoration, roofing, fire protection, painting, flooring, and home-storage services through company-owned businesses and franchises. Acquisitions and established brands support the outsourced-service model.

North America's largest manager of private residential communities, FirstService Residential manages communities across the United States and Canada. Its property-management services form the residential platform.

FirstService Brands operates company-owned businesses and franchise systems providing restoration, commercial roofing, fire protection, painting, flooring, and home-storage services to residential and commercial customers.

The company grows outsourced essential-property-service businesses through acquisitions, client service, operating scale, and brand recognition. These are shared operating foundations across its divisions. Its structure remains organized around the Residential and Brands divisions, whose businesses were transferred in the 2015 separation from Colliers.

Company facts

CEOD. Scott Patterson
ListedJun 2, 2015
ExchangeNASDAQ
HeadquartersToronto, Canada
CountryCanada
Employees31,000
CIK0001637810
ISINCA33767E2024

Key statistics

Market cap$6.51B
EPS (ttm)$3.49
P/E (ttm)40.56
ROE12.0%
P/B5.33
P/S1.17
Dividend yield0.82%
Beta0.59vs XLRE 0.76

Year to date −6.3% · Average volume (30d) 217.0K

Analysts

Price target, next 12 months$172.50+21.9%Median of 10 analysts · vs the Aug 28 close
ConsensusBuy7 of 10 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Jul 24, 2026CIBCReiterateOutperform$175
Jul 24, 2026ScotiabankTarget$175$170
Jul 24, 2026TD SecuritiesReiterateBuy$204$195
Jul 24, 2026Deutsche BankReiterateHold$144
Jul 24, 2026BMO CapitalReiterateOutperform$202$192

Earnings

EPS

Estimate$1.90
ReportedDue Oct 22, 2026

Revenue

Estimate$1.52B
ReportedDue Oct 22, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jul 23, 2026Q2 FY26$1.71$1.75+2.3%$1.44B$1.44B−0.5%+4.82%
Apr 23, 2026Q1 FY26$0.90$0.95+5.6%$1.29B$1.30B+0.7%−1.86%
Feb 4, 2026Q4 FY25$1.32$1.37+3.8%$1.37B$1.38B+0.5%−3.89%
Oct 23, 2025Q3 FY25$1.75$1.76+0.6%$1.36B$1.45B+6.4%−1.25%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.25B$1.42B$1.45B$1.40B$1.32B$1.41B
Gross profit$409.4M$480.4M$487.1M$377.5M$430.7M$370.0M
Operating income$39.3M$97.3M$115.6M$83.5M$48.2M$101.0M
Net income$2.8M$46.1M$57.2M$39.6M$20.0M$44.1M
Diluted EPS$0.06$1.01$1.24$0.85$0.44$0.96
Gross margin32.7%33.9%33.7%26.9%32.7%26.2%
Operating margin3.1%6.9%8.0%5.9%3.7%7.2%

Fiscal years (4-quarter sums)FY21 $3.25B · FY22 $3.75B · FY23 $4.33B · FY24 $5.22B · FY25 $5.52B

Revenue by product · FY25

FirstService Brands Segment$3.21B · 58%
FirstService Residential Segment$2.29B · 42%

Revenue by geography · FY25

United States$4.93B · 90%
Canada$569.4M · 10%

Balance sheet, Jun 30, 2026Cash & short-term investments $173.4M · Total debt $1.56B · Total assets $4.36B · Shareholders' equity $1.22B

Dividends

Next ex-date
Sep 30, 2026
estimated · in 32 days
Annual dividend
$1.16
per share
Dividend yield
0.82%
Schedule
Quarterly
4 payments a year

Raised for 9 straight years — most recently to $0.305 from $0.275 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.

History

Ex-dateRecordPaidAmountNote
Jun 30, 2026Jun 30Jul 7$0.305
Mar 31, 2026Mar 31Apr 7$0.305raised from $0.275
Dec 31, 2025Dec 31Jan 7$0.275
Sep 30, 2025Sep 30Oct 7$0.275
Jun 30, 2025Jun 30Jul 8$0.275
Mar 31, 2025Mar 31Apr 7$0.275raised from $0.25
Dec 31, 2024Dec 31Jan 7$0.25
Sep 27, 2024Sep 30Oct 7$0.25
View details

Ownership

Institutions 69.72%Insiders

Shares outstanding 45.98M · Float 41.70M · 90.7% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Orbis Allan Gray Ltd4.04M8.80%13FAug 14, 2026
Orbis Investment Management Ltd3.45M7.50%13GMay 15, 2026
Durable Capital Partners LP2.57M5.70%13GFeb 14, 2025
Manufacturers Life Insurance Company, the2.06M4.48%13FAug 14, 2026
1832 Asset Management L.P.1.68M3.66%13FAug 13, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

  • APi Group

    Fire and life-safety systems, inspection, and service overlap

  • EMCOR Group

    Commercial building services and fire protection overlap

  • Jones Lang LaSalle

    Multifamily property management and on-site operations overlap

  • CBRE Group

    Property management and building operations for owners overlap

  • The RMR Group

    Property-management fees and management services overlap

CompareAfter-hours close

CompanyPriceChange
FirstService$141.54+0.03%$6.51B40.622.11.2−0.1%
APi Group$39.65−0.11%$17.15B21.52.0+13.3%
EMCOR Group$736.60−0.41%$32.65B23.121.21.8+19.8%
Jones Lang LaSalle$378.01+0.00%$17.39B18.114.50.6+10.8%
CBRE Group$150.82−0.07%$43.69B34.618.81.0+15.1%
The RMR Group$19.46−0.05%$620.2M17.025.61.0−0.8%
Median20.621.21.0+13.3%