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Colliers International vs FirstService: revenue, profit, margins and growth compared

Colliers International brought in $5.6B of revenue in fiscal 2025, FirstService $5.5B in fiscal 2025. Revenue changed by +15.3% at Colliers International and +5.4% at FirstService on the year before, so Colliers International grew faster. Colliers International kept 1.9% of its revenue as net profit, FirstService 2.6%. Free cash flow was $251.4M at Colliers International and $318.2M at FirstService.

Side by side, latest fiscal year

CIGIFSV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$5.6B$5.5B
Revenue growth+15.3%+5.4%
Net income$103.1M$145M
Net margin1.9%2.6%
Free cash flow$251.4M$318.2M
Free cash flow margin4.5%5.8%
Earnings per share (diluted)$2.02$3.17
Cash$207.9M$154.4M
Debt$1.6B$1.1B
Price to earningsn/an/a
Market value$4.6B$5.6B
Dividend yieldn/an/a
Rank by revenue in sector#94 of 444 · Finance#95 of 444 · Finance

Over the years

Revenue
CIGI FY2018: $2.8BCIGI FY2019: $3BCIGI FY2020: $2.8BCIGI FY2021: $4.1BCIGI FY2021: $4.5BCIGI FY2023: $4.3BCIGI FY2024: $4.8BCIGI FY2025: $5.6BFSV FY2018: $1.9BFSV FY2019: $2.4BFSV FY2020: $2.8BFSV FY2021: $3.2BFSV FY2022: $3.7BFSV FY2023: $4.3BFSV FY2024: $5.2BFSV FY2025: $5.5BFY18FY19FY20FY21FY22FY23FY24FY25
CIGI $5.6BFSV $5.5B
Net income
CIGI FY2018: $97.7MCIGI FY2019: $102.9MCIGI FY2020: $49.1MCIGI FY2021: -$390.3MCIGI FY2021: $46.3MCIGI FY2023: $65.5MCIGI FY2024: $161.7MCIGI FY2025: $103.1MFSV FY2018: $65.9MFSV FY2019: -$251.6MFSV FY2020: $87.3MFSV FY2021: $135.2MFSV FY2022: $121.1MFSV FY2023: $100.4MFSV FY2024: $134.4MFSV FY2025: $145MFY18FY19FY20FY21FY22FY23FY24FY25
CIGI $103.1MFSV $145M
Net margin
CIGI FY2018: 3.5%CIGI FY2019: 3.4%CIGI FY2020: 1.8%CIGI FY2021: -9.5%CIGI FY2021: 1.0%CIGI FY2023: 1.5%CIGI FY2024: 3.4%CIGI FY2025: 1.9%FSV FY2018: 3.4%FSV FY2019: -10.5%FSV FY2020: 3.1%FSV FY2021: 4.2%FSV FY2022: 3.2%FSV FY2023: 2.3%FSV FY2024: 2.6%FSV FY2025: 2.6%FY18FY19FY20FY21FY22FY23FY24FY25
CIGI 1.9%FSV 2.6%
Revenue growth
CIGI FY2019: +7.8%CIGI FY2020: -8.5%CIGI FY2021: +46.7%CIGI FY2021: +9.1%CIGI FY2023: -2.8%CIGI FY2024: +11.2%CIGI FY2025: +15.3%FSV FY2019: +24.6%FSV FY2020: +15.2%FSV FY2021: +17.2%FSV FY2022: +15.3%FSV FY2023: +15.7%FSV FY2024: +20.4%FSV FY2025: +5.4%FY19FY20FY21FY22FY23FY24FY25
CIGI +15.3%FSV +5.4%
Free cash flow
CIGI FY2018: $221.9MCIGI FY2019: $266.6MCIGI FY2020: $126.1MCIGI FY2021: $231MCIGI FY2021: -$650KCIGI FY2023: $81.1MCIGI FY2024: $260.9MCIGI FY2025: $251.4MFSV FY2018: $58.9MFSV FY2019: $61.2MFSV FY2020: $252.4MFSV FY2021: $109.1MFSV FY2022: $28.3MFSV FY2023: $187.6MFSV FY2024: $172.9MFSV FY2025: $318.2MFY18FY19FY20FY21FY22FY23FY24FY25
CIGI $251.4MFSV $318.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Colliers International and FirstService

Which is bigger by revenue, Colliers International or FirstService?

Colliers International is bigger by revenue: $5.6B in fiscal 2025, against $5.5B for FirstService in fiscal 2025.

Which keeps more of its revenue as profit, Colliers International or FirstService?

Colliers International had a net margin of 1.9% in fiscal 2025; FirstService had 2.6% in fiscal 2025.

Which grew revenue faster, Colliers International or FirstService?

In their latest fiscal years revenue changed by +15.3% at Colliers International and +5.4% at FirstService.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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