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FSVFirstService Corporation
$129.57$6.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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FSV logo

FirstService Corporation

FSV
NASDAQ · Real Estate Services
$129.57
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$5.96B
P/E41.0x
52W High$198.16
Volume177.11K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Recurring Revenue Stability Offsets Margin Volatility

FirstService's resilient recurring revenue model, anchored by over 9,000 communities under management, provides strong forward visibility despite recent revenue growth deceleration to -0.2% in 2026Q2. The company's FFO per share rebounded 37% quarter-over-quar...

GrowthStable
ProfitabilityModerate
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

FSV price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

+96% Peers

P/E is 96% above peer median

03

Market leadership

RS 31 · Lag

Laggard (Underperforming 69% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 23

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FSV-13.78%
S&P 500 (^GSPC)+12.39%
1-Year Return
FSV-32.57%
S&P 500 (^GSPC)+15.77%
3-Year Return
FSV-11.18%
S&P 500 (^GSPC)+74.24%
5-Year Return
FSV-29.57%
S&P 500 (^GSPC)+69.26%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
41.0x
Forward P/EExpansion
21.0x
EV/EBITDA0th %ile
14.2x
FCF YieldCash Flow
5.4%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
41.0x
60.9x
0th· Low
EV/EBITDA
14.2x
19.0x
0th· Low
Price/FCF
18.4x
47.4x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$472.48+264.7%
Base (Fair)$631.19+388.9%
Bull$798.76+516.5%
$472.48 Bear$631.19 Base$798.76 Bull
Current Market Price: $129.57
Trades at a 79.5% discount to Base DCF ($631.19)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$5.52B+5.8% YoY
Net income
$146M+8.4% YoY
Free cash flow
$324M+87.3% YoY
Operating margin
6.1%-0.4 pts YoY
ROIC (TTM)8%
Avg ROIC 5Y-
ROE (TTM)8.3%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 23, 2026
$1.75+2.3%
vs $1.71
$1.4B-0.5%
vs $1.4B
Q2 2026
Apr 23, 2026
$0.95+5.6%
vs $0.90
$1.3B+0.7%
vs $1.3B
Q1 2026
Feb 4, 2026
$1.37+3.8%
vs $1.32
$1.4B+0.5%
vs $1.4B
Q4 2025
Oct 23, 2025
$1.76+0.6%
vs $1.75
$1.4B+6.4%
vs $1.4B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·6d ago
FirstService Declares Quarterly Cash Dividend on Common Shares

TORONTO, Sept. 17, 2026 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Common Shares of US$0.305 per Common Share. The dividend is payable on October 7, 2026 to holders of Common Shares of record at the close of business on September 30, 2026. The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes.

PRNewsWire·Sep 17, 2026
FirstService Residential Expands in Myrtle Beach, Welcoming Holiday Sands South Ocean Front Homeowners Association to Its Premier Portfolio

MYRTLE BEACH, S.C., Sept. 17, 2026 /PRNewswire/ -- FirstService Residential, the leading residential community management company, is proud to announce that it has been selected to provide full-service property management for Holiday Sands South Ocean Front Homeowners Association, a premier oceanfront resort community in Myrtle Beach, South Carolina.

PRNewsWire·Sep 16, 2026
FirstService Residential expands into Colorado with Reverie at Looking Glass community

DENVER, Sept. 16, 2026 /PRNewswire/ -- FirstService Residential, North America's leading property management company, has been selected to provide management services for Reverie at Looking Glass, a new single-family home community in Parker, Colorado.

PRNewsWire·Sep 16, 2026
FirstService Residential Selected to Manage Spire Midtown in Atlanta

Returning partnership reflects confidence in FirstService Residential's operational expertise and hospitality-driven approach ATLANTA, Sept. 16, 2026 /PRNewswire/ -- FirstService Residential, North America's leading residential property management company, has been selected to provide full-service management services for Spire Midtown, a premier high-rise condominium community located in the heart of Midtown Atlanta.

Filtered for FirstService CorporationMore Headlines
04

Compare before deciding

Benchmark FSV against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for FirstService Corporation (FSV)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FSV logoFSVFirstService CorporationCurrent
$129.57$5.96B41.005.79%2.64%8.32%0.82%
CBRE logoCBRECBRE Group, Inc.
$136.36$39.93B35.4213.37%2.98%14.08%—
JLL logoJLLJones Lang LaSalle Incorporated
$324.06$15.03B19.7611.45%3.64%13.35%—
CWK logoCWKCushman & Wakefield plc
$12.33$2.89B32.458.91%0.64%3.5%—
MMI logoMMIMarcus & Millichap, Inc.
$30.07$1.14B-613.678.49%1.77%2.44%—
NMRK logoNMRKNewmark Group, Inc.
$13.13$2.05B19.3121.86%4.11%8.7%—

Compare FSV vs Peers

FirstService Corporation (FSV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CBRE

Most directly comparable listed peer for FSV.

Scale Benchmark

vs HD

Larger-name benchmark to compare FSV against a more recognizable public peer.

Peer Set

Compare Top 5

vs CBRE, JLL, CWK, MMI

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FSV Frequently Asked Questions

FirstService Corporation (FSV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is FirstService Corporation's revenue?

FirstService Corporation (FSV) reported $5.58B in revenue for fiscal year 2025. This represents a 228% increase from $1.70B in 2009.

How fast is FirstService Corporation growing?

FirstService Corporation (FSV) grew revenue by 5.8% over the past year. This is steady growth.

Is FSV profitable?

Yes, FirstService Corporation (FSV) is profitable, generating $160.9M in net income for fiscal year 2025 (2.6% net margin).

Dividend & Returns
Does FSV pay dividends?

Yes, FirstService Corporation (FSV) pays a dividend with a yield of 0.82%. This makes it attractive for income-focused investors.

What is FSV's return on equity?

FirstService Corporation (FSV) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

Industry Metrics
What is FirstService Corporation's FFO?

FirstService Corporation (FSV) generated Funds From Operations (FFO) of $354.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.

What if you invested $1,000 in FSV back in 2009?

Total return calculator · dividends reinvested · 17+ years of data

See returns →