FirstService (FSV) | Financial Analysis & Statements

FirstService Corporation | Mid-cap | Real Estate

$178.79

1.50%

FirstService vs CBRE FirstService vs CoStar Group FirstService vs Colliers FirstService vs Compass FirstService vs Newmark FirstService vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 5.2B

Gross Profit 1.7B 32.93%

Operating Income 323.1M 6.19%

Net Income 187.8M 3.60%

EPS (Diluted) $2.97

Balance Sheet Metrics

Total Assets 4.2B

Total Liabilities 2.6B

Shareholders Equity 1.6B

Debt to Equity 1.56

Cash Flow Metrics

Operating Cash Flow 292.3M

Free Cash Flow 172.9M

Revenue & Profitability Trend

FirstService Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	5.2B	4.3B	3.7B	3.2B	2.8B
Cost of Goods Sold	3.5B	2.9B	2.6B	2.2B	1.9B
Gross Profit	1.7B	1.4B	1.2B	1.0B	900.6M
Operating Expenses	1.2B	993.2M	846.4M	733.6M	628.5M
Operating Income	323.1M	266.4M	223.5M	213.7M	173.7M
Pre-tax Income	257.9M	203.3M	194.0M	209.0M	145.5M
Income Tax	70.1M	56.3M	49.0M	52.9M	35.9M
Net Income	187.8M	147.0M	145.0M	156.1M	109.6M
EPS (Diluted)	$2.97	$2.24	$2.72	$3.05	$2.02

Income Statement Trend

FirstService Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	1.6B	1.4B	1.1B	964.7M	819.3M
Non-Current Assets	2.6B	2.3B	1.7B	1.5B	1.4B
Total Assets	4.2B	3.6B	2.8B	2.5B	2.2B
Liabilities
Current Liabilities	850.8M	770.8M	637.0M	618.5M	543.8M
Non-Current Liabilities	1.7B	1.5B	996.6M	871.7M	799.4M
Total Liabilities	2.6B	2.3B	1.6B	1.5B	1.3B
Equity
Total Shareholders Equity	1.6B	1.4B	1.1B	1.0B	853.4M

Balance Sheet Composition

FirstService Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	187.8M	147.0M	145.0M	156.1M	109.6M
Operating Cash Flow	292.3M	252.8M	128.3M	188.1M	216.5M
Investing Activities
Capital Expenditures	-112.8M	-85.4M	-77.6M	-58.2M	-39.4M
Investing Cash Flow	-323.7M	-646.3M	-160.8M	-206.3M	-142.3M
Financing Activities
Dividends Paid	-43.8M	-39.1M	-34.9M	-31.2M	-27.4M
Financing Cash Flow	16.1M	380.3M	6.5M	2.8M	-86.7M
Free Cash Flow	172.9M	187.6M	28.3M	109.1M	252.4M

Cash Flow Trend

FirstService Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 61.06

Forward P/E 31.23

Price to Book 6.63

Price to Sales 1.51

PEG Ratio 31.23

Profitability Ratios

Profit Margin 2.47%

Operating Margin 4.12%

Return on Equity 12.27%

Return on Assets 5.31%

Financial Health

Current Ratio 1.94

Debt to Equity 96.20

Beta 0.89

Per Share Data

EPS (TTM) $2.88

Book Value per Share $26.53

Revenue per Share $117.60

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
fsv	8.0B	61.06	6.63	12.27%	2.47%	96.20
CBRE	39.9B	40.94	4.77	11.92%	2.74%	100.42
CoStar Group	33.8B	285.86	3.96	1.47%	4.17%	13.09
Colliers	6.7B	45.74	4.97	9.81%	2.92%	89.24
Compass	3.2B	-20.16	5.00	-14.89%	-1.22%	87.18
Newmark	2.9B	30.97	1.63	6.13%	2.41%	141.07

Financial data is updated regularly. All figures are in the company's reporting currency.