FSV · NASDAQ · Real Estate - Services

FirstService (FSV)

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

$132.14
vs last close−0.81 (−0.61%)
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FirstService CorporationFSV
Real 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

Market cap$6.11B
EPS (ttm)$3.49
P/E (ttm)38.09
ROE12.0%
P/B5.02
P/S1.10
Dividend yieldDiv yield0.87%
Beta0.63vs XLRE 0.78

Price target$172.50+29.7%Average of 10 analysts
ConsensusBuy7 of 10 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 24, 2026CIBCReiterate
Rating: Target:
Rating: OutperformTarget: $175
Jul 24, 2026ScotiabankTarget
Target: $175
Target: $170
Jul 24, 2026TD SecuritiesReiterate
Rating: Target: $204
Rating: BuyTarget: $195
Jul 24, 2026Deutsche BankReiterate
Rating: Target:
Rating: HoldTarget: $144
Jul 24, 2026BMO CapitalReiterate
Rating: Target: $202
Rating: OutperformTarget: $192

Next report
Oct 22, 26
in 30 days
EPS estimate
$1.90
Revenue estimate
$1.50B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$1.34$0.92$1.71$1.76$1.37$0.95$1.75Pending
Estimate$1.37$0.84$1.45$1.75$1.32$0.90$1.71$1.90
Surprise−2.2%+9.5%+17.9%+0.6%+3.8%+5.6%+2.3%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$1.37B$1.25B$1.44B$1.45B$1.38B$1.30B$1.44BPending
Estimate$1.30B$1.28B$1.47B$1.36B$1.37B$1.29B$1.44B$1.50B
Surprise+5.0%−2.4%−2.2%+6.4%+0.5%+0.7%−0.5%
Estimate$1.90
ReportedDue Oct 22, 2026
Estimate$1.50B
ReportedDue Oct 22, 2026
View details

Debt to equity127.90%
Current ratio167.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.40B$1.37B$1.25B$1.42B$1.45B$1.40B$1.32B$1.41B
Net income$60.5M$32.5M$2.8M$46.1M$57.2M$39.6M$20.0M$44.1M
Net margin4.3%2.4%0.2%3.3%3.9%2.8%1.5%3.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$125.9M$89.6M$39.3M$97.3M$115.6M$83.5M$48.2M$101.0M
YoY growth+71.2%+86.5%+3.2%+15.9%−8.2%−6.8%+22.7%+3.8%

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

Revenue
$1.41B
Operating income
$101.0M
Net income
$44.1M
View details

Dividend yield
0.87%
Next ex-date
Sep 29, 26
in 7 days
Annual dividend
$1.16
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.25$0.275$0.275$0.275$0.275$0.305$0.305$0.3054
Annual yield0.55%0.62%0.60%0.56%0.71%0.81%0.82%0.90%
Ex-dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 29
Payment dateJan 7Apr 7Jul 8Oct 7Jan 7Apr 7Jul 7Oct 7
View details

Institutions70.11%32.06M ADS
283 holders · as of Jun 30, 2026
Other29.89%13.67M ADS
remainder

45.72M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
T. Rowe Price Associates, Inc.Institution
11.90%5.44Mfiled Jan 10, 2019
Orbis Allan Gray LtdInstitution
8.85%4.04M ADSas of Jun 30, 2026
Orbis Investment Management LtdInstitution
7.55%3.45Mfiled May 15, 2026
Partners LPInstitution
6.89%3.15Mfiled Feb 7, 2022
Durable Capital Partners LPInstitution
5.63%2.57Mfiled Feb 14, 2025

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • 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

Compare

CompanyPriceChange
FirstService$132.14−0.61%$6.11B38.120.81.1−0.1%
APi Group$37.35−0.29%$16.19B20.21.9+13.3%
EMCOR Group$756.61−0.15%$33.42B23.721.71.8+19.8%
Jones Lang LaSalle$334.75−1.56%$15.65B16.312.80.6+10.8%
CBRE Group$140.35−2.00%$41.47B32.817.41.0+15.1%
The RMR Group$18.84−0.13%$303.3M16.525.80.5−0.8%
Median20.120.21.0+13.3%