Company research
FirstService Corp
CIK 1637810Updated Sep 24, 2026
SecuritiesFSV · NASDAQ · equityFSV · TSX · equity
Name history
New FSV Corp · through May 29, 2015
FSV price & chart
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NASDAQ:FSV on TradingView ↗In the news
FirstService Announces Normal Course Issuer Bid ↗
FirstService To Announce Second Quarter Results On July 23, 2026 ↗
FirstService Broadens Commercial Roofing Geographic Footprint ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,283,713,000Source | 4,194,852,000Source | 3,625,743,000Source | 2,774,514,000Source |
| Property, Plant and Equipment, NetUSD | 289,718,000Source | 253,994,000Source | 204,188,000Source | 167,012,000Source |
| GoodwillUSD | 1,501,450,000Source | 1,395,383,000Source | 1,179,825,000Source | 886,086,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 684,739,000Source | 715,483,000Source | 628,011,000Source | 368,451,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 154,425,000Source | 227,598,000Source | 187,617,000Source | 136,219,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 922,106,000Source | 947,517,000Source | 842,236,000Source | 635,942,000Source |
| Inventory, NetUSD | 274,243,000Source | 279,626,000Source | 246,192,000Source | 242,341,000Source |
| Assets, CurrentUSD | 1,503,780,000Source | 1,559,353,000Source | 1,361,002,000Source | 1,108,872,000Source |
| Operating Lease, Right-of-Use AssetUSD | 269,573,000Source | 240,518,000Source | 218,299,000Source | 205,544,000Source |
| Other Assets, NoncurrentUSD | 24,754,000Source | 24,082,000Source | 28,428,000Source | 31,972,000Source |
| LIABILITIES AND EQUITY | ||||
| Liabilities and EquityUSD | 4,283,713,000Source | 4,194,852,000Source | 3,625,743,000Source | 2,774,514,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 882,150,000Source | 850,766,000Source | 770,774,000Source | 636,989,000Source |
| Operating Lease, Liability, CurrentUSD | 59,113,000Source | 53,115,000Source | 50,898,000Source | 49,145,000Source |
| Accounts Payable, CurrentUSD | 158,511,000Source | 174,066,000Source | 143,347,000Source | 115,989,000Source |
| Operating Lease, Liability, NoncurrentUSD | 242,593,000Source | 214,423,000Source | 183,923,000Source | 168,557,000Source |
| Deferred Income Tax Liabilities, NetUSD | 102,991,000Source | 84,895,000Source | 53,024,000Source | 51,097,000Source |
| Other Liabilities, NoncurrentUSD | 92,664,000Source | 75,326,000Source | 62,684,000Source | 51,663,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 388,554,000Source | 367,443,000Source | 327,736,000Source | 282,324,000Source |
| Deferred Tax Liabilities, NetUSD | 98,012,000Source | 82,781,000Source | 51,272,000Source | 49,401,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 486,191,000Source | 449,337,000Source | 332,963,000Source | 233,429,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 190,747,000Source | 187,774,000Source | 147,021,000Source | 145,007,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 185,209,000Source | 165,269,000Source | 127,934,000Source | 110,140,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 27,387,000Source | 25,311,000Source | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -59,594,000Source | 42,306,000Source | 93,822,000Source | 69,671,000Source |
| Increase (Decrease) in InventoriesUSD | -18,126,000Source | 19,414,000Source | -22,240,000Source | 71,517,000Source |
| Increase (Decrease) in Accounts PayableUSD | -32,396,000Source | 14,216,000Source | -17,063,000Source | 11,545,000Source |
| Deferred Income Tax Expense (Benefit)USD | 2,847,000Source | -12,828,000Source | -17,444,000Source | 7,988,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 445,941,000Source | 285,674,000Source | 280,360,000Source | 105,893,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 107,162,000Source | 212,246,000Source | 547,182,000Source | 51,994,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -245,196,000Source | -323,702,000Source | -646,329,000Source | -160,800,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 10,329,000Source | -1,342,000Source | 13,763,000Source | 31,197,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 127,705,000Source | 112,798,000Source | 92,734,000Source | 77,609,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -263,330,000Source | 74,408,000Source | 413,945,000Source | 18,782,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 48,886,000Source | 43,828,000Source | 39,055,000Source | 34,884,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -63,596,000Source | 36,809,000Source | 47,529,000Source | -34,923,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 82,393,000Source | 82,308,000Source | 64,647,000Source | 55,114,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -1,011,000Source | 429,000Source | -447,000Source | 1,202,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 77,238,000Source | 72,396,000Source | 54,238,000Source | 48,725,000Source |
| DepreciationUSD | 107,971,000Source | 92,873,000Source | 73,696,000Source | 61,415,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | — | — | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | 0Source | 4,351,000Source | 0Source |
| GoodwillUSD | 1,501,450,000Source | 1,395,383,000Source | 1,179,825,000Source | 886,086,000Source |
| Goodwill, Impairment LossUSD | — | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 75,765,000Source | 70,124,000Source | 56,317,000Source | 48,974,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 145,047,000Source | 134,375,000Source | 100,391,000Source | 121,074,000Source |
| Operating Lease, ExpenseUSD | 74,058,000Source | 65,418,000Source | 53,906,000Source | 49,544,000Source |
| Other Nonoperating Income (Expense)USD | 2,136,000Source | 3,239,000Source | 5,810,000Source | 146,000Source |
| Proceeds from Noncontrolling InterestsUSD | 1,490,000Source | 1,736,000Source | 1,025,000Source | 343,000Source |
| Proceeds from Stock Options ExercisedUSD | 62,035,000Source | 58,354,000Source | 33,616,000Source | 12,296,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 5,497,500,000Source | 5,216,894,000Source | 4,334,548,000Source | 3,745,835,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Selling, General and Administrative ExpenseUSD | 1,310,778,000Source | 1,229,541,000Source | 993,197,000Source | 846,429,000Source |
| Operating Income (Loss)USD | 338,078,000Source | 337,512,000Source | 244,892,000Source | 219,026,000Source |
| Other Nonoperating Income (Expense)USD | 2,136,000Source | 3,239,000Source | 5,810,000Source | 146,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 266,512,000Source | 257,898,000Source | 203,338,000Source | 193,981,000Source |
| Income Tax Expense (Benefit)USD | 75,765,000Source | 70,124,000Source | 56,317,000Source | 48,974,000Source |
| Earnings Per Share, BasicUSD per share | 3.19Source | 2.98Source | 2.25Source | 2.74Source |
| Earnings Per Share, DilutedUSD per share | 3.17Source | 2.97Source | 2.24Source | 2.72Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 45,526,611Source | 45,019,433Source | 44,556,381Source | 44,175,107Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 45,754,173Source | 45,279,932Source | 44,794,974Source | 44,494,007Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 77,238,000Source | 72,396,000Source | 54,238,000Source | 48,725,000Source |
| Business Combination, Acquisition Related CostsUSD | 16,316,000Source | 5,621,000Source | 5,151,000Source | 5,114,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 3,651,314,000Source | 3,498,974,000Source | 2,947,008,000Source | 2,565,720,000Source |
| Current Income Tax Expense (Benefit)USD | 72,918,000Source | 82,952,000Source | 73,761,000Source | 40,986,000Source |
| Goodwill, Impairment LossUSD | — | 0Source | 0Source | 0Source |
| Interest Income (Expense), NetUSD | -73,702,000Source | -82,853,000Source | -47,364,000Source | -25,191,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -73,702,000Source | -82,853,000Source | -47,364,000Source | -25,191,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 145,047,000Source | 134,375,000Source | 100,391,000Source | 121,074,000Source |
| Operating Lease, ExpenseUSD | 74,058,000Source | 65,418,000Source | 53,906,000Source | 49,544,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 5,497,500,000Source | 5,216,894,000Source | 4,334,548,000Source | 3,745,835,000Source |