Last 47 quarters of trend data · Real Estate · Real Estate - Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
FirstService Corporation's quarterly P/E stands at 45.7x, down 28.2% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 7.1% YoY to 16.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 43.62 | 45.74 | 38.41 | 43.22 | 691.46 | 63.74 | 34.04 | 48.84 | 296.07 | 289.45 | 50.53 | 37.40 | 69.11 |
| — | -28.2% | +12.8% | -11.5% | +133.5% | -78.0% | -32.6% | +30.6% | +328.4% | +712.5% | +30.8% | -3.7% | -19.9% | |
| P/S Ratio | 1.15 | 1.27 | 1.51 | 1.41 | 1.51 | 1.50 | 1.48 | 1.32 | 1.61 | 1.68 | 1.46 | 1.54 | 1.55 |
| — | -15.5% | +2.0% | +6.3% | -6.3% | -10.9% | +1.4% | -14.1% | +4.5% | +26.1% | +6.0% | +6.4% | -20.0% | |
| P/B Ratio | 3.39 | 3.83 | 4.83 | 4.65 | 4.56 | 5.01 | 5.25 | 4.59 | 5.39 | 5.36 | 5.09 | 5.56 | 5.31 |
| — | -23.5% | -8.0% | +1.4% | -15.3% | -6.6% | +3.2% | -17.5% | +1.6% | +12.1% | +4.0% | +9.2% | -14.3% | |
| P/FCF | 19.57 | 20.11 | 24.03 | 15.20 | 162.40 | 36.54 | 40.99 | 17.02 | — | 20.35 | 27.35 | 26.75 | — |
| — | -45.0% | -41.4% | -10.7% | — | +79.5% | +49.9% | -36.4% | — | -52.7% | — | -22.2% | — | |
| EV / EBITDA | 14.92 | 16.11 | 15.47 | 16.30 | 26.85 | 17.34 | 14.38 | 16.72 | 29.32 | 25.94 | 17.32 | 17.50 | 24.81 |
| — | -7.1% | +7.6% | -2.5% | -8.4% | -33.1% | -17.0% | -4.5% | +18.2% | +62.0% | +3.0% | -0.1% | -23.6% | |
| EV / EBIT | 23.18 | 24.59 | 21.50 | 22.20 | 56.85 | 26.35 | 19.05 | 24.50 | 54.96 | 43.69 | 24.89 | 22.51 | 43.85 |
| — | -6.7% | +12.8% | -9.4% | +3.4% | -39.7% | -23.5% | +8.8% | +25.4% | +90.0% | +2.2% | -11.9% | -27.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
FirstService Corporation's operating margin was 5.9% in Q4 2025, down 2.0 pp QoQ and down 0.6 pp YoY. Gross margin contracted 19.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.8% | 26.9% | 33.7% | 33.9% | 32.7% | 33.3% | 32.9% | 33.5% | 31.9% | 31.8% | 32.3% | 32.6% | 31.2% |
| — | -19.2% | +2.2% | +1.2% | +2.6% | +4.5% | +2.0% | +2.7% | +2.1% | -1.6% | +3.6% | +3.9% | +0.8% | |
| Operating Margin | 6.1% | 5.9% | 8.0% | 6.9% | 3.1% | 6.6% | 9.0% | 6.5% | 3.3% | 4.5% | 6.6% | 7.4% | 4.0% |
| — | -9.4% | -11.4% | +6.2% | -4.5% | +47.4% | +37.0% | -12.0% | -18.3% | -32.7% | +0.9% | +14.4% | +15.5% | |
| Net Margin | 2.6% | 2.8% | 3.9% | 3.3% | 0.2% | 2.4% | 4.3% | 2.7% | 0.5% | 0.6% | 2.9% | 4.1% | 1.6% |
| — | +18.5% | -8.9% | +20.5% | -58.9% | +310.0% | +48.4% | -33.3% | -65.6% | -84.5% | -17.9% | +9.1% | -6.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 2.2% | 3.2% | 2.7% | 0.2% | 2.0% | 3.9% | 2.4% | 0.5% | 0.5% | 2.6% | 3.7% | 1.4% |
| — | +6.6% | -17.7% | +12.5% | -63.0% | +326.3% | +52.3% | -35.0% | -66.8% | -86.2% | -19.0% | +13.5% | +1.3% | |
| ROA | 3.4% | 0.9% | 1.3% | 1.1% | 0.1% | 0.8% | 1.5% | 0.9% | 0.2% | 0.2% | 1.1% | 1.5% | 0.6% |
| — | +17.0% | -11.9% | +17.5% | -61.7% | +316.5% | +38.6% | -39.6% | -69.1% | -86.8% | -19.8% | +9.6% | -0.1% | |
| ROIC | 8.0% | 2.0% | 2.8% | 2.4% | 1.0% | 2.3% | 3.3% | 2.3% | 1.1% | 1.5% | 2.6% | 2.9% | 1.5% |
| — | -14.2% | -13.8% | +5.5% | -9.5% | +49.6% | +26.6% | -21.9% | -28.2% | -43.2% | -2.4% | +12.5% | +17.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
FirstService Corporation's Debt/EBITDA ratio is 12.2x, up from 9.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 31.8% YoY to 1.25x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | 0.83 | 0.90 | 0.96 | 0.96 | 1.00 | 1.05 | 1.06 | 1.04 | 0.79 | 0.84 | 0.90 |
| — | -8.8% | -16.2% | -14.1% | -8.9% | -8.4% | +25.6% | +24.9% | +18.0% | +25.1% | -4.3% | +7.1% | +9.2% | |
| Debt / EBITDA | 3.11 | 12.21 | 9.32 | 10.84 | 19.16 | 11.40 | 9.37 | 12.80 | 19.58 | 17.29 | 9.53 | 9.39 | 14.59 |
| — | +7.1% | -0.6% | -15.3% | -2.2% | -34.1% | -1.6% | +36.2% | +34.2% | +77.8% | -4.7% | -2.2% | -6.1% | |
| Current Ratio | 1.25 | 1.25 | 1.76 | 1.74 | 1.94 | 1.83 | 1.81 | 1.74 | 1.84 | 1.77 | 1.84 | 1.79 | 1.83 |
| — | -31.8% | -2.6% | -0.1% | +5.5% | +3.8% | -1.5% | -2.8% | +0.4% | +1.4% | +3.7% | +9.3% | +7.3% | |
| Quick Ratio | 1.25 | 1.25 | 1.44 | 1.74 | 1.94 | 1.50 | 1.47 | 1.44 | 1.50 | 1.45 | 1.45 | 1.45 | 1.43 |
| — | -16.9% | -1.8% | +21.1% | +28.9% | +4.0% | +1.2% | -0.7% | +5.2% | +6.3% | +4.2% | +9.5% | +1.6% | |
| Interest Coverage | 4.62 | 5.02 | 6.42 | 5.48 | 2.04 | 4.28 | 5.70 | 4.09 | 2.10 | 3.79 | 6.21 | 7.24 | 3.88 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying FSV stock.
FirstService Corporation's current P/E is 43.6x. The average P/E over the last 4 quarters is 204.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
FirstService Corporation's current operating margin is 6.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking FirstService Corporation's business trajectory between earnings reports.