FSV
$138.51+3.79%
FirstService CorporationStock · Real EstateNasdaq Composite · 0.02% of ONEQMSCI World · 0.006% of URTHMSCI ACWI · 0.004% of ACWI
FSV financial statements
The full income statement, balance sheet, and cash-flow statement for FirstService Corporation (FSV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2017-12 35.9M2018-12 36.0M2019-12 38.7M2020-12 43.6M2021-12 44.0M2022-12 44.2M2023-12 44.7M2024-12 45.3M2025-12 45.7M+27.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.50B+5.4% | 5.22B+20.4% | 4.33B+15.7% | 3.75B+15.3% | 3.25B+17.2% | |
| Selling, general & administrative | 1.31B+6.6% | 1.23B+23.8% | 993M+17.3% | 846M+15.4% | 734M+16.7% | |
| Amortization of intangibles | 77.2M+6.7% | 72.4M+33.5% | 54.2M+11.3% | 48.7M+11.0% | 43.9M-5.5% | |
| Provision for credit losses | — | — | — | 4.23M-31.3% | 6.16M-47.0% | |
| Operating income | 338M+0.2% | 338M+37.8% | 245M+11.8% | 219M+8.6% | 202M+19.0% | |
| Net interest income | -73.7M+11.0% | -82.9M-74.9% | -47.4M-88.0% | -25.2M-57.1% | -16.0M+34.1% | |
| Other non-operating income | 2.14M-34.1% | 3.24M-44.3% | 5.81M+3879.5% | 146K-99.4% | 23.4M+6381.7% | |
| Pre-tax income | 267M+3.3% | 258M+26.8% | 203M+4.8% | 194M-7.2% | 209M+43.7% | |
| Income tax | 75.8M+8.0% | 70.1M+24.5% | 56.3M+15.0% | 49.0M-7.4% | 52.9M+47.4% | |
| 191M+1.6% | 188M+27.7% | 147M+1.4% | 145M-7.1% | 156M+42.5% | ||
| Net income to common | 145M+7.9% | 134M+33.9% | 100M-17.1% | 121M-10.5% | 135M+55.0% | |
| $3.17+6.7% | $2.97+32.6% | $2.24-17.6% | $2.72-10.8% | $3.05+51.0% | ||
| EPS (basic) | $3.19+7.0% | $2.98+32.4% | $2.25-17.9% | $2.74-11.0% | $3.08+51.0% | |
| Weighted-avg shares (basic) | 45.5M+1.1% | 45.0M+1.0% | 44.6M+0.9% | 44.2M+0.8% | 43.8M+2.5% | |
| Weighted-avg shares (diluted) | 45.8M+1.0% | 45.3M+1.1% | 44.8M+0.7% | 44.5M+0.2% | 44.4M+2.8% | |
| Dividends per share | $1.07+10.4% | $0.97+10.8% | $0.87+10.8% | $0.79+11.2% | $0.71+12.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.50B-3.6% | 1.56B+14.6% | 1.36B+22.7% | 1.11B+14.9% | 965M+17.7% | ||
| Cash & equivalents | 154M-32.2% | 228M+21.3% | 188M+37.7% | 136M-17.8% | 166M-10.1% | |
| Accounts receivable | 922M-2.7% | 948M+12.5% | 842M+32.4% | 636M+15.3% | 552M+31.7% | |
| Inventory | 274M-1.9% | 280M+13.6% | 246M+1.6% | 242M+50.2% | 161M+13.7% | |
| Prepaid expenses | 105M+33.0% | 79.1M+39.0% | 56.9M+13.0% | 50.3M-0.5% | 50.6M+20.1% | |
| 4.28B+2.1% | 4.19B+15.7% | 3.63B+30.7% | 2.77B+10.6% | 2.51B+14.2% | ||
| Property, plant & equipment | 290M+14.1% | 254M+24.4% | 204M+22.3% | 167M+21.0% | 138M+9.1% | |
| Operating lease right-of-use | 270M+12.1% | 241M+10.2% | 218M+6.2% | 206M+28.7% | 160M+4.3% | |
| Goodwill | 1.50B+7.6% | 1.40B+18.3% | 1.18B+33.2% | 886M+5.1% | 843M+19.8% | |
| Intangible assets | 685M-4.3% | 715M+13.9% | 628M+70.4% | 368M-3.6% | 382M+0.9% | |
| Deferred tax assets | 4.98M+135.5% | 2.11M+20.7% | 1.75M+3.3% | 1.70M-3.6% | 1.76M-14.1% | |
| Other non-current assets | 24.8M+2.8% | 24.1M-15.3% | 28.4M-11.1% | 32.0M+118.7% | 14.6M+67.0% | |
| Total non-current assets | 2.78B+5.5% | 2.64B+16.4% | 2.26B+36.0% | 1.67B+7.9% | 1.54B+12.1% | |
| 882M+3.7% | 851M+10.4% | 771M+21.0% | 637M+3.0% | 618M+13.7% | ||
| Accounts payable | 159M-8.9% | 174M+21.4% | 143M+23.6% | 116M+15.8% | 100M+1.6% | |
| Accrued liabilities | 389M+5.7% | 367M+12.1% | 328M+16.1% | 282M-1.4% | 286M+14.0% | |
| Deferred revenue | 209M+9.6% | 191M+6.9% | 179M+42.3% | 126M+7.8% | 116M+29.2% | |
| Short-term & current debt | 13.6M-67.2% | 41.6M+11.9% | 37.1M+4.1% | 35.7M-37.9% | 57.4M+1.7% | |
| Current lease liability | 59.1M+11.3% | 53.1M+4.4% | 50.9M+3.6% | 49.1M+2.3% | 48.0M+36.1% | |
| Long-term debt | 1.07B-15.0% | 1.26B+9.8% | 1.14B+63.8% | 699M+17.4% | 595M+11.7% | |
| Deferred revenue (non-current) | 25.5M+9.7% | 23.3M+8.9% | 21.4M+19.7% | 17.9M+18.4% | 15.1M+8.2% | |
| Non-current lease liability | 243M+13.1% | 214M+16.6% | 184M+9.1% | 169M+37.8% | 122M-5.0% | |
| Operating lease liability (total) | 302M+12.8% | 268M+13.9% | 235M+7.9% | 218M+27.8% | 170M+3.8% | |
| Finance lease liability (total) | 37.9M+32.5% | 28.6M+42.6% | 20.0M+30.7% | 15.3M+33.9% | 11.5M+5.1% | |
| Deferred tax liabilities | 103M+21.3% | 84.9M+60.1% | 53.0M+3.8% | 51.1M+21.5% | 42.1M+1.8% | |
| Other non-current liabilities | 92.7M+23.0% | 75.3M+20.2% | 62.7M+21.3% | 51.7M-28.2% | 72.0M+15.6% | |
| Total non-current liabilities | 1.54B-9.8% | 1.71B+14.0% | 1.50B+50.3% | 997M+14.3% | 872M+9.0% | |
| 1.38B+15.8% | 1.19B+16.0% | 1.02B+12.9% | 907M+13.5% | 800M+21.1% | ||
| Total equity incl. non-controlling | 1.38B+15.8% | 1.19B+16.0% | 1.02B+12.9% | 907M+13.5% | 800M+21.1% | |
| Total liabilities & equity | 4.28B+2.1% | 4.19B+15.7% | 3.63B+30.7% | 2.77B+10.6% | 2.51B+14.2% | |
| Common shares outstanding | 45.7M+1.0% | 45.3M+1.3% | 44.7M+1.0% | 44.2M+0.5% | 44.0M | |
| Shares outstanding (cover) | 45.7M+1.0% | 45.3M+1.3% | 44.7M+1.0% | 44.2M+0.5% | 44.0M+1.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 446M+56.1% | 286M+1.9% | 280M+164.8% | 106M-36.7% | 167M-42.7% | ||
| Depreciation & amortization | 185M+12.1% | 165M+29.2% | 128M+16.2% | 110M+11.3% | 99.0M+0.6% | |
| Intangible amortization | 77.2M+6.7% | 72.4M+33.5% | 54.2M+11.3% | 48.7M+11.0% | 43.9M-5.5% | |
| Share-based compensation | 27.4M+8.2% | 25.3M+18.4% | 21.4M | — | — | |
| Deferred income taxes | 2.85M+122.2% | -12.8M+26.5% | -17.4M-318.4% | 7.99M+486.8% | -2.06M+88.0% | |
| Change in receivables | -59.6M-240.9% | 42.3M-54.9% | 93.8M+34.7% | 69.7M-19.9% | 86.9M+1076.0% | |
| Change in inventory | -18.1M-193.4% | 19.4M+187.3% | -22.2M-131.1% | 71.5M+361.3% | 15.5M-64.9% | |
| Change in payables | -32.4M-327.9% | 14.2M+183.3% | -17.1M-247.8% | 11.5M+211.4% | -10.4M-175.6% | |
| -245M+24.3% | -324M+49.9% | -646M-301.9% | -161M+22.1% | -206M-45.0% | ||
| Capital expenditure | 128M+13.2% | 113M+21.6% | 92.7M+19.5% | 77.6M+33.3% | 58.2M+47.7% | |
| Free cash flow | 318M+84.1% | 173M-7.9% | 188M+563.4% | 28.3M-74.1% | 109M-56.8% | |
| Acquisitions | 107M-49.5% | 212M-61.2% | 547M+952.4% | 52.0M-68.1% | 163M+65.6% | |
| Proceeds from sale of PP&E | — | 0.00-100.0% | 7.35M | 0.00 | — | |
| Other investing activities | 10.3M+869.7% | -1.34M-109.8% | 13.8M-55.9% | 31.2M+4521.8% | 675K-84.3% | |
| -263M-453.9% | 74.4M-82.0% | 414M+2103.9% | 18.8M-23.1% | 24.4M+132.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 48.9M+11.5% | 43.8M+12.2% | 39.1M+12.0% | 34.9M+11.8% | 31.2M+13.7% | |
| FX effect on cash | -1.01M-335.7% | 429K+196.0% | -447K-137.2% | 1.20M+2657.4% | -47.0K-113.8% | |
| Net change in cash | -63.6M-272.8% | 36.8M-22.6% | 47.5M+236.1% | -34.9M-138.1% | -14.7M-119.6% | |
| Interest paid | — | 77.4M+55.7% | 49.7M+109.9% | 23.7M+61.9% | 14.6M-34.4% | |
| Income taxes paid | 82.4M+0.1% | 82.3M+27.3% | 64.6M+17.3% | 55.1M-8.3% | 60.1M+22.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 7.11B-13.2% | 8.19B+14.3% | 7.17B+32.9% | 5.39B-37.6% | 8.65B+45.1% | |
| P/E | 37.3×-14.6% | 43.6×-11.7% | 49.4×+43.1% | 34.5×-37.6% | 55.4×+1.8% | |
| P/S | 1.3×-17.6% | 1.6×-17.9% | 1.9×+15.3% | 1.7×-37.6% | 2.7×+23.8% | |
| P/B | 5.2×-25.1% | 6.9×-12.7% | 7.9×+17.1% | 6.7×-37.6% | 10.8×+19.8% | |
| P/FCF | 22.3×-52.9% | 47.4×-81.3% | 253.5×+412.5% | 49.5×-37.6% | 79.3×+235.6% | |
| Earnings yield | 2.7%+17.1% | 2.3%+13.3% | 2.0%-30.1% | 2.9%+60.3% | 1.8%-1.8% | |
| FCF yield | 4.5%+112.1% | 2.1%+434.7% | 0.39%-80.5% | 2.0%+60.3% | 1.3%-70.2% | |
| Dividend yield | 0.69%+28.5% | 0.53%-0.8% | 0.54%-16.2% | 0.64%+78.3% | 0.36%-21.6% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: FSV’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FSV filings on SEC EDGAR → Not investment advice.