FirstService Corporation
Description
FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments. This segment provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service amenity management, and security and concierge/front desk; and financial services comprising cash management, other banking transaction-related, and specialized property insurance brokerage. In addition, this segment offers energy management solutions and advisory services, and resale processing services. Its FirstService Brands segment operates and provides essential property services to residential and commercial customers through franchise networks; and company-owned operations, including California Closets, Paul Davis Restoration, and CertaPro Painters operations. It provides residential and commercial restoration, painting, and floor coverings design and installation services; custom-designed and installed closet, and home storage solutions; home inspection services; and fire protection and related services. This segment offers its services primarily under the Paul Davis Restoration, Roofing Corp of America, First Onsite property Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was incorporated in 1988 and is headquartered in Toronto, Canada.
About
CEO
Mr. D. Scott Patterson
Employees
30,000
Instrument type
Common Stock
Sector
Real Estate
Industry
Real Estate Services
MIC code
XNGS
Address
1255 Bay Street, Toronto, ON M5R 2A9, Canada
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 22, 2025 | — | — | — | — |
| Feb 4, 2025 | 1.37 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 4 | — | 9 |
| Average estimate | — | 0.75 | — | 5.63 |
| Low estimate | — | 0.48 | — | 5.54 |
| High estimate | — | 0.91 | — | 5.74 |
| Last year EPS | — | 0.67 | — | 5.05 |
[stock_revenue_estimate]
Growth estimates
Current qtr
24.390%
Next qtr. (Mar 2025)
11.370%
Current year
8.270%
Next year (Dec 2025)
11.530%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 4.33B | 3.75B | 3.25B | 2.77B | 2.41B |
| Cost of revenue | 2.95B | 2.57B | 2.20B | 1.87B | 1.63B |
| Gross profit | 1.39B | 1.18B | 1.05B | 900.62M | 773.31M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 993.20M | 846.43M | 733.60M | 628.52M | 546.26M |
| Other operating expenses | — | — | — | — | 314.38M |
| Operating income | 266.41M | 223.55M | 213.67M | 173.71M | -166.88M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 47.36M | 25.19M | 16.04M | 24.32M | 32.08M |
| Other income expense | -15.71M | -4.37M | 11.38M | -3.94M | -1.52M |
| Pretax income | 203.34M | 193.98M | 209.01M | 145.46M | -200.48M |
| Tax provision | 56.32M | 48.97M | 52.88M | 35.87M | 27.15M |
| Net income | 147.02M | 145.01M | 156.13M | 109.59M | -227.63M |
| Basic EPS | 2.25 | 2.74 | 3.08 | 2.04 | -6.58 |
| Diluted EPS | 2.24 | 2.72 | 3.05 | 2.02 | -6.58 |
| Basic average shares | 44.56M | 44.18M | 43.84M | 42.76M | 38.23M |
| Diluted average shares | 44.56M | 44.18M | 43.84M | 42.76M | 38.23M |
| EBITDA | 395.80M | 333.83M | 316.22M | 272.46M | -87.39M |
| Net income from continuing op. | 147.02M | 145.01M | 156.13M | 109.59M | -227.63M |
| Minority interests | -46.63M | -23.93M | -20.92M | -22.33M | -23.98M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 3.63B | 2.77B | 2.51B | 2.20B | 1.96B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 187.62M | 136.22M | 165.67M | 184.30M | 121.20M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 842.24M | 635.94M | 551.56M | 418.89M | 393.73M |
| Other receivables | — | — | — | — | — |
| Inventory | 246.19M | 242.34M | 161.39M | 141.98M | 94.51M |
| Prepaid assets | — | — | 50.60M | 42.11M | 41.46M |
| Restricted cash | 19.26M | 23.13M | 28.61M | 24.64M | 13.09M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 56.89M | 50.35M | 50.60M | 42.11M | 41.46M |
| Non current assets | |||||
| Properties | 218.30M | 205.54M | 159.73M | 153.19M | 132.89M |
| Land and improvements | 26,000 | 1.28M | 1.28M | 1.94M | 2.52M |
| Machinery furniture equipment | 543.05M | 464.73M | 382.80M | 332.83M | 291.20M |
| Construction in progress | — | — | — | — | — |
| Leases | 65.83M | 50.62M | 48.65M | 47.33M | 43.17M |
| Accumulated depreciation | -409.27M | -358.90M | -299.38M | -261.70M | -215.95M |
| Goodwill | 2.99B | 2.14B | 2.07B | 1.79B | 1.66B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 628.01M | 368.45M | 382.11M | 378.76M | 366.22M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 34.42M | 38.55M | 21.10M | 14.97M | 11.82M |
| Total liabilities | 2.27B | 1.63B | 1.49B | 1.34B | 1.35B |
| Current liabilities | |||||
| Accounts payable | 143.35M | 115.99M | 100.13M | 98.50M | 76.23M |
| Accrued expenses | 320.59M | 275.93M | 280.91M | 248.46M | 163.99M |
| Short term debt | 88.03M | 84.81M | 105.48M | 91.79M | 36.17M |
| Deferred revenue | 185.74M | 131.94M | 121.91M | 92.86M | 75.55M |
| Tax payable | 1.47M | 2.79M | 2.55M | 7.89M | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 31.60M | 25.54M | 7.49M | 4.24M | 6.27M |
| Non current liabilities | |||||
| Long term debt | 1.33B | 867.36M | 717.71M | 661.92M | 872.33M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 53.02M | 51.10M | 42.07M | 41.35M | 58.24M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 94.56M | 60.31M | 96.84M | 82.15M | 53.56M |
| Shareholders equity | |||||
| Common stock | 855.82M | 813.03M | 797.43M | 770.03M | 605.43M |
| Retained earnings | 77.48M | 17.35M | -67.92M | -171.09M | -229.87M |
| Other shareholders equity | -4.37M | -5.92M | 1.97M | 2.15M | -456,000 |
| Total shareholders equity | 1.36B | 1.14B | 1.02B | 853.43M | 600.55M |
| Additional paid in capital | 95.22M | 83.01M | 68.25M | 59.30M | 50.79M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 332.96M | 233.43M | 219.14M | 193.03M | 174.66M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Net Income | 147.02M | 145.01M | 156.13M | 109.59M | -227.63M | 90.28M | 75.05M | 54.24M | 38.20M | 26.19M | 18.45M | 40.93M | 101.74M | 47.90M | -7.86M | 52.28M |
| Depreciation | 127.93M | 110.14M | 98.97M | 98.38M | 79.56M | 52.77M | 42.05M | 36.97M | 28.98M | 26.47M | 39.32M | 53.50M | 50.93M | 47.89M | 46.38M | 37.67M |
| Deferred Taxes | -19.05M | 7.44M | -2.62M | -18.05M | -8.99M | 1.99M | -7.11M | 1.30M | -3.54M | -2.48M | -7.84M | -18.66M | -64.51M | -7.44M | -3.37M | -19.86M |
| Stock-Based Compensation | 22.40M | 18.97M | 15.76M | — | — | — | — | — | — | — | 4.17M | 3.17M | 2.34M | 2.76M | 2.65M | 7.45M |
| Other Non-Cash Items | 12.03M | -594,000 | -3.04M | 12.31M | 252.80M | 4.45M | 5.47M | 2.22M | 721,000 | 1.78M | 2.26M | 3.32M | 4.28M | -7.10M | 2.21M | 2.45M |
| Accounts Receivable | -93.82M | -69.67M | -86.94M | 8.91M | -17.40M | -37.10M | -38.60M | -21.08M | 2.89M | 3.23M | -12.13M | -19.89M | -22.45M | -39.08M | -38.30M | -23.22M |
| Accounts Payable | -17.06M | 11.55M | -10.36M | 13.71M | 858,000 | -3.25M | 5.01M | -72,000 | -1.17M | -252,000 | 3.97M | -963,000 | 10.96M | 4.60M | 3.38M | 1.06M |
| Other Assets & Liabilities | 73.37M | -94.54M | 20.23M | -8.37M | 17.77M | -10.85M | 22.39M | 12.54M | -474,000 | 1.47M | -1.41M | 6.08M | 4.43M | -2.67M | -1.81M | 3.08M |
| Operating Cash Flow | 252.83M | 128.29M | 188.12M | 216.47M | 96.97M | 98.29M | 104.25M | 86.12M | 65.62M | 56.42M | 46.78M | 67.50M | 87.71M | 46.87M | 3.29M | 60.90M |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -85.38M | -77.61M | -58.20M | -39.42M | -46.63M | -40.60M | -36.26M | -29.12M | -19.69M | -22.44M | -16.74M | -44.40M | -37.40M | -32.46M | -24.23M | -31.62M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -547.18M | -51.99M | -147.44M | -98.56M | -566.83M | -59.44M | -39.57M | -90.85M | -12.34M | -16.69M | -6.42M | -19.15M | -22.98M | -34.71M | -16.83M | -156.01M |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -13.96M | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -646.33M | -160.80M | -206.32M | -142.26M | -614.97M | -106.20M | -79.66M | -130.84M | -32.28M | -39.90M | -24.56M | -61.85M | -58.85M | -66.13M | -45.55M | -175.77M |
| Financing Activities | ||||||||||||||||
| Long-Term Debt Issuance | 587.85M | 150.16M | 130.48M | 25.28M | 624.05M | 103.91M | 61.06M | 101.16M | — | 13.49M | 9.06M | 395.58M | 207.82M | 86.54M | 187.16M | 206.92M |
| Long-Term Debt Payments | -141.00M | -70.00M | -68.42M | -204.57M | -194.19M | -41.63M | -43.64M | -51.78M | -246.85M | — | — | -376.35M | -133.85M | -84.79M | -143.97M | -87.39M |
| Other Financing Charges | -27.46M | -38.79M | -28.00M | -29.98M | -49.47M | -17.75M | -14.04M | -6.81M | 191.60M | -38.12M | -16.50M | -31.49M | -67.38M | -47.25M | -59.15M | -5.31M |
| Financing Cash Flow | 380.33M | 6.49M | 2.85M | -86.71M | 550.09M | 16.76M | -30.85M | 17.59M | -81.92M | -24.63M | -7.44M | -39.07M | -27.45M | -55.60M | -26.06M | 100.71M |
| Other Cash Details | ||||||||||||||||
| End Cash Position | 206.88M | 159.35M | 194.27M | 208.94M | 134.29M | 79.84M | 66.89M | 43.38M | 45.56M | 66.79M | 86.37M | 108.68M | 97.80M | 100.36M | 99.78M | 80.67M |
| Income Tax Paid | 64.65M | 55.11M | 60.09M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 49.72M | 23.69M | 14.63M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 187.63M | 28.28M | 109.07M | 252.35M | 61.18M | 58.86M | 79.38M | 79.88M | 67.40M | 22.74M | 17.68M | 58.60M | 42.81M | 82.59M | 56.82M | 25.55M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Neuberger & Berman Genesis Fund | Nov 30, 2024 | 980,673 | 178.14M | 2.18% |
| Conestoga Small Cap Fund | Sep 30, 2024 | 817,435 | 148.49M | 1.82% |
| Vanguard International Stock Index-Total Intl Stock Indx | Oct 31, 2024 | 558,759 | 101.50M | 1.24% |
| Price (T.Rowe) Small Cap Stock Fund | Sep 30, 2024 | 359,013 | 65.21M | 0.80% |
| Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund | Sep 30, 2024 | 341,492 | 62.03M | 0.76% |
| Price (T.Rowe) New Horizons Fund | Sep 30, 2024 | 290,800 | 52.82M | 0.65% |
| American Century Small Cap Growth Fund | Oct 31, 2024 | 272,977 | 49.59M | 0.61% |
| Price (T.Rowe) Small-Cap Value Fund | Sep 30, 2024 | 255,348 | 46.38M | 0.57% |
| Royce Premier Fund | Sep 30, 2024 | 241,973 | 43.95M | 0.54% |
| Price (T.Rowe) Institutional Small-Cap Stock Fund | Sep 30, 2024 | 177,957 | 32.33M | 0.40% |
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