FirstService Corp
Research FirstService Corp (FSV) on Bullrun: valuation model: 9.4% overvalued, market cap USD 6.36B, P/E 40.8, dividend yield 0.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerFSV
- ExchangeNASDAQ
- CountryCanada
- SectorReal Estate
- IndustryReal Estate Services
- CurrencyUSD
- Valuation signal9.4% overvalued
- Market capUSD 6.36B
- P/E40.8
- Dividend yield0.8%
- Financial periodQ2 2026
- RevenueUSD 1.45B
- Net incomeUSD 45.29M
- Free cash flowUSD 98.56M
- Gross margin33.2%
Valuation Snapshot
Bullrun's latest valuation model marks FirstService Corp as 9.4% overvalued; latest market cap is USD 6.36B; P/E is 40.8; dividend yield is 0.8%.
Peer valuation comparison
Latest P/E is 40.78x versus a Real Estate sector median of 14.84x (174.9% above).
Latest dividend yield is 0.83% versus a Real Estate sector median of 4.71% (82.4% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 5.50B | USD 190.75M | USD 318.24M | 33.6% | 3.17 | USD 154.43M | USD 1.38B | USD 1.38B |
| FY2024 | USD 5.22B | USD 187.77M | USD 172.88M | 32.9% | 2.97 | USD 227.60M | USD 1.57B | USD 1.19B |
| FY2023 | USD 4.33B | USD 147.02M | USD 187.63M | 32.0% | 2.24 | USD 187.62M | USD 1.42B | USD 1.02B |
| FY2022 | USD 3.75B | USD 145.01M | USD 28.28M | n/a | 2.72 | USD 136.22M | USD 832.77M | USD 907.47M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 6.36B | 40.8 | 0.8% | 1.17 |
| 2025 | 2025-12-31 | USD 7.11B | 49.1 | 0.7% | 1.12 |
| 2024 | 2024-12-31 | USD 8.19B | 61.2 | 0.6% | 1 |
| 2023 | 2023-12-29 | USD 7.23B | 54.8 | 0.6% | 0.92 |
| 2022 | 2022-12-30 | USD 5.42B | 47.9 | 0.7% | 0.8 |
| 2021 | 2021-12-31 | USD 8.65B | 64.6 | 0.4% | 0.72 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.17 USD, yield 0.8%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.12 USD |
| FY2024 | 1 USD |
| FY2023 | 0.92 USD |
| FY2022 | 0.8 USD |
About FirstService Corp
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.
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Frequently asked questions
Is FirstService Corp overvalued or undervalued?
Bullrun's valuation model currently marks FirstService Corp as 9.4% overvalued.
What is FirstService Corp's market cap?
FirstService Corp's market capitalization is USD 6.36B.
What is FirstService Corp's P/E ratio?
FirstService Corp's price-to-earnings (P/E) ratio is 40.8.
Does FirstService Corp pay a dividend?
FirstService Corp has a dividend yield of 0.8%.
What does FirstService Corp do?
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.