FirstService Corp FSV
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Market cap
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS3.17
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.50B | $5.22B | $4.33B | $3.75B | $3.25B | $2.77B | $2.41B | $1.93B | $1.73B | $1.48B |
| SG&A | $1.31B | $1.23B | $993.2M | $846.4M | $733.6M | $628.5M | $546.3M | $426.4M | $385.0M | $305.2M |
| Operating income | $338.1M | $337.5M | $244.9M | $219.0M | $201.6M | $169.4M | -$174.4M | $127.6M | $105.0M | $90.5M |
| Interest expense | $73.7M | $82.9M | $47.4M | $25.2M | $16.0M | $24.3M | $32.1M | $12.6M | $9.9M | $9.2M |
| Pre-tax income | $266.5M | $257.9M | $203.3M | $194.0M | $209.0M | $145.5M | -$200.5M | $115.2M | $96.6M | $81.6M |
| Income tax | $75.8M | $70.1M | $56.3M | $49.0M | $52.9M | $35.9M | $27.1M | $24.9M | $21.6M | $27.4M |
| Net income | $190.7M | $187.8M | $147.0M | $145.0M | $156.1M | $109.6M | -$227.6M | $90.3M | $75.0M | $33.6M |
| EPS, basic | 3.19 | 2.98 | 2.25 | 2.74 | 3.08 | 2.04 | -6.58 | 1.83 | 1.43 | 0.93 |
| EPS, diluted | 3.17 | 2.97 | 2.24 | 2.72 | 3.05 | 2.02 | -6.58 | 1.80 | 1.41 | 0.92 |
| Shares, diluted (wtd. avg.) | $45.8M | $45.3M | $44.8M | $44.5M | $44.4M | $43.2M | $38.7M | $36.6M | $36.6M | $36.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $154.4M | $227.6M | $187.6M | $136.2M | $165.7M | $184.3M | $121.2M | $66.3M | $57.2M | $43.4M |
| Receivables | $922.1M | $947.5M | $842.2M | $635.9M | $551.6M | $418.9M | $393.7M | $239.9M | $185.8M | $164.1M |
| Inventory | $274.2M | $279.6M | $246.2M | $242.3M | $161.4M | $142.0M | $94.5M | $48.2M | $38.0M | $29.7M |
| Total current assets | $1.50B | $1.56B | $1.36B | $1.11B | $964.7M | $819.3M | $668.1M | $415.1M | $326.4M | $303.8M |
| Property, plant and equipment | $289.7M | $254.0M | $204.2M | $167.0M | $138.1M | $126.6M | $131.5M | $98.1M | $85.4M | $73.1M |
| Goodwill | $1.50B | $1.40B | $1.18B | $886.1M | $843.4M | $703.7M | $644.8M | $335.2M | $291.9M | $266.2M |
| Other intangibles | $684.7M | $715.5M | $628.0M | $368.5M | $382.1M | $378.8M | $366.2M | $148.8M | $133.8M | $121.1M |
| Total assets | $4.28B | $4.19B | $3.63B | $2.77B | $2.51B | $2.20B | $1.96B | $1.01B | $848.3M | $771.0M |
| Accounts payable | $158.5M | $174.1M | $143.3M | $116.0M | $100.1M | $98.5M | $76.2M | $41.7M | $41.1M | $32.4M |
| Total current liabilities | $882.1M | $850.8M | $770.8M | $637.0M | $618.5M | $543.8M | $358.2M | $226.9M | $213.7M | $175.1M |
| Long-term debt | — | — | — | — | — | — | $766.6M | $334.5M | $269.6M | $250.9M |
| Retained earnings | — | — | — | — | — | — | — | $45.5M | $7.5M | — |
| Total equity | $1.38B | $1.19B | $1.02B | $907.5M | $799.7M | $660.4M | $425.9M | $236.2M | $192.3M | $171.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $445.9M | $285.7M | $280.4M | $105.9M | $167.3M | $291.8M | $107.8M | $99.5M | $115.6M | $109.0M |
| Depreciation and amortisation | $185.2M | $165.3M | $127.9M | $110.1M | $99.0M | $98.4M | $79.6M | $52.8M | $42.0M | $37.0M |
| Stock-based compensation | $27.4M | $25.3M | $21.4M | — | — | — | $251.5M | — | — | — |
| Capital expenditure | $127.7M | $112.8M | $92.7M | $77.6M | $58.2M | $39.4M | $46.6M | $40.6M | $36.3M | $29.1M |
| Investing cash flow | -$245.2M | -$323.7M | -$646.3M | -$160.8M | -$206.3M | -$142.3M | -$615.0M | -$106.2M | -$79.7M | -$130.8M |
| Financing cash flow | -$263.3M | $74.4M | $413.9M | $18.8M | $24.4M | -$75.2M | $561.1M | $20.4M | -$26.3M | $19.5M |
| Dividends paid | $48.9M | $43.8M | $39.1M | $34.9M | $31.2M | $27.4M | $22.0M | $18.8M | $17.1M | $15.5M |
| Buybacks | — | — | — | — | — | — | — | $9.0M | $17.1M | $9.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001171843-26-000985.
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