FirstService Corp (FSV)
FirstService Corp reported revenue of $5.5B in fiscal 2025, up 5.4% from a year earlier. Net income was $145M, a net margin of 2.6%. Operating cash flow minus capital spending left $318.2M of free cash flow in fiscal 2025. At December 31, 2025 it held $154.4M in cash against $1.1B of debt. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on February 20, 2026.
Key facts about FirstService Corp
- Net worth
- FirstService Corp has a market value (market cap) of $6.9B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $5.5B (+5.4% year on year), with net income of $145M.
- Cash flow
- In fiscal 2025 operations brought in $445.9M of cash; after $127.7M of capital spending, free cash flow was $318.2M.
- Latest report
- The latest periodic report (annual report (Canadian issuer), 40-F) was filed with the SEC on February 20, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What FirstService Corp does
FirstService Corp is registered with the SEC under industry code SIC 6500 (Real Estate). Its shares trade on NASDAQ under the ticker FSV.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $5.5B | $145M | $3.17 | $318.2M |
| 2024 | $5.2B | $134.4M | $2.97 | $172.9M |
| 2023 | $4.3B | $100.4M | $2.24 | $187.6M |
| 2022 | $3.7B | $121.1M | $2.72 | $28.3M |
| 2021 | $3.2B | $135.2M | $3.05 | $109.1M |
| 2020 | $2.8B | $87.3M | $2.02 | $252.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FSV ranks in Finance
Dividends
It paid out $48.9M in cash dividends, 34% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $48.9M | 34% |
| 2024 | n/a | $43.8M | 33% |
| 2023 | n/a | $39.1M | 39% |
| 2022 | n/a | $34.9M | 29% |
| 2021 | n/a | $31.2M | 23% |
| 2020 | n/a | $27.4M | 31% |
Latest SEC filings
What FirstService Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- October 30, 2026
- October 22, 2026
- October 21, 2026Passive stake (5% or more) SCHEDULE 13G
- September 17, 2026
- August 20, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- July 31, 2026
- July 23, 2026
- June 2, 2026
Insider trades
What the people running FirstService Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns FSV
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Orbis Investment Management Ltd13G, passive with 1 related filers | 7.3% | August 14, 2026 |
| Durable Capital Partners LP13G, passive | 5.7% | February 14, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 278 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Orbis Allan Gray Ltd | 4,044,289 | +76,062 |
| Manufacturers Life Insurance Company, The | 2,062,192 | +148,786 |
| 1832 Asset Management L.P. | 1,684,460 | +1,266,414 |
| Jupiter Topco LLC | 1,680,486 | new |
| Vanguard Capital Management LLC | 1,216,657 | +20,209 |
| Conestoga Capital Advisors, LLC | 1,216,997 | -188,567 |
| Neuberger Berman Group LLC | 1,177,427 | -21,446 |
| Mackenzie Financial Corp | 756,199 | -715,093 |
| Morgan Stanley | 873,026 | +261,473 |
| CIBC Asset Management Inc | 861,424 | +139,550 |
| Geode Capital Management, LLC | 652,324 | +60,609 |
| Royal Bank of Canada | 643,344 | +69,923 |
| Norges Bank | 549,665 | new |
| TD Asset Management Inc | 522,479 | +46,212 |
| Bank of Montreal | 521,638 | +44,188 |
| BCV Asset Management Inc. | 506,534 | +2,419 |
| Royce & Associates LP | 466,428 | +9,786 |
| Renaissance Technologies LLC | 430,840 | -59,600 |
| Geneva Capital Management LLC | 415,689 | -111,883 |
| Cibc World Market Inc. | 399,267 | -60,019 |
Insiders
Questions about FSV
What does FirstService Corp do?
FirstService Corp is a company in the Finance sector, listed on NASDAQ as FSV. Its shares trade on NASDAQ under the ticker FSV.
What is FirstService Corp's net worth?
FirstService Corp has a market value (market cap) of $6.9B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is FirstService Corp profitable?
Yes. In fiscal 2025 it reported net income of $145M on revenue of $5.5B, a net margin of 2.6%.
How much revenue does FirstService Corp make?
In fiscal 2025 FirstService Corp reported revenue of $5.5B. That is 5.4% more than a year earlier.
When did FirstService Corp last report?
Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on February 20, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the passive stake changed from November 6, 2026.
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Where the numbers come from
Financial figures are the values FirstService Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.