FirstService Financial Statements From 2010 to 2024

FSV Stock  CAD 273.12  0.46  0.17%   
FirstService Corp financial statements provide useful quarterly and yearly information to potential FirstService Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on FirstService Corp financial statements helps investors assess FirstService Corp's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting FirstService Corp's valuation are summarized below:
Gross Profit
1.2 B
Profit Margin
0.0219
Market Capitalization
12.3 B
Enterprise Value Revenue
2.0584
Revenue
4.9 B
We have found one hundred twenty available fundamental signals for FirstService Corp, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to verify FirstService Corp's prevailing fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 1st of December 2024, Market Cap is likely to grow to about 7.6 B. Also, Enterprise Value is likely to grow to about 8.9 B

FirstService Corp Total Revenue

2.48 Billion

Check FirstService Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among FirstService Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 69.7 M, Interest Expense of 49.7 M or Selling General Administrative of 616.9 M, as well as many indicators such as Price To Sales Ratio of 0.9, Dividend Yield of 0.0097 or PTB Ratio of 5.79. FirstService financial statements analysis is a perfect complement when working with FirstService Corp Valuation or Volatility modules.
  
This module can also supplement various FirstService Corp Technical models . Check out the analysis of FirstService Corp Correlation against competitors.
To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.

FirstService Corp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding40.3 M44.8 M37.7 M
Slightly volatile
Total Assets3.8 B3.6 B1.7 B
Slightly volatile
Short and Long Term Debt Total1.5 B1.4 B608.8 M
Slightly volatile
Other Current Liabilities285.1 M352.2 M259.8 M
Slightly volatile
Total Current Liabilities452 M770.8 M413.6 M
Slightly volatile
Total Stockholder Equity1.1 BB448.7 M
Slightly volatile
Property Plant And Equipment Net443.6 M422.5 M188.6 M
Slightly volatile
Current Deferred Revenue195 M185.7 M68.8 M
Slightly volatile
Net Debt1.3 B1.2 B494.1 M
Slightly volatile
Accounts Payable80 M143.3 M73.2 M
Slightly volatile
Cash119.1 M187.6 M109.5 M
Slightly volatile
Non Current Assets Total2.4 B2.3 B1.1 B
Slightly volatile
Non Currrent Assets Other34.3 M32.7 M15.2 M
Slightly volatile
Cash And Short Term Investments119.1 M187.6 M109.5 M
Slightly volatile
Net Receivables884.3 M842.2 M386 M
Slightly volatile
Good Will1.2 B1.2 B559.6 M
Slightly volatile
Common Stock Total Equity929.8 M885.5 M406.4 M
Slightly volatile
Liabilities And Stockholders Equity3.8 B3.6 B1.7 B
Slightly volatile
Non Current Liabilities Total1.6 B1.5 B676.1 M
Slightly volatile
Inventory258.5 M246.2 M89.2 M
Slightly volatile
Other Current Assets68.7 M85 M64.4 M
Slightly volatile
Other Stockholder Equity61.6 M95.2 M58.3 M
Slightly volatile
Total Liabilities2.4 B2.3 B1.1 B
Slightly volatile
Property Plant And Equipment Gross873.3 M831.8 M244.5 M
Slightly volatile
Total Current Assets1.4 B1.4 B655.4 M
Slightly volatile
Short Term Debt58.5 M88 M54.5 M
Very volatile
Intangible Assets320.5 M628 M299.8 M
Slightly volatile
Common Stock898.6 M855.8 M405.7 M
Slightly volatile
Other Liabilities89.5 M148.7 M76.1 M
Slightly volatile
Other Assets40.7 M38.7 M18 M
Slightly volatile
Long Term Debt1.2 B1.1 B465.2 M
Slightly volatile
Short and Long Term Debt32.5 M37.1 M77.1 M
Slightly volatile
Property Plant Equipment449.9 M428.4 M177.5 M
Slightly volatile
Deferred Long Term LiabilitiesM4.2 M10.2 M
Slightly volatile
Long Term Investments3.1 M3.2 M3.9 M
Slightly volatile
Long Term Debt Total499.5 M803.6 M394.8 M
Slightly volatile
Capital Surpluse60.2 M95.5 M54.2 M
Slightly volatile
Non Current Liabilities Other72 M94.6 M49.2 M
Slightly volatile
Cash And Equivalents121.7 M156.7 M87.5 M
Slightly volatile
Net Invested Capital1.2 B2.2 B726.3 M
Slightly volatile
Net Working Capital361.3 M590.2 M232.1 M
Slightly volatile
Capital Stock731.6 M855.8 M394.1 M
Slightly volatile
Capital Lease Obligations204.4 M234.8 M160.7 M
Slightly volatile

FirstService Corp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization69.7 M127.9 M66 M
Slightly volatile
Interest Expense49.7 M47.4 M21.4 M
Slightly volatile
Selling General Administrative616.9 M993.2 M562.9 M
Slightly volatile
Total Revenue2.5 B4.3 B2.3 B
Slightly volatile
Gross Profit825.5 M1.4 B761.8 M
Slightly volatile
Other Operating Expenses2.4 B4.1 B2.2 B
Slightly volatile
Cost Of Revenue1.7 B2.9 B1.6 B
Slightly volatile
Total Operating Expenses709.5 M1.1 B652.5 M
Slightly volatile
Non Recurring9.9 M9.4 MM
Slightly volatile
Tax Provision39.2 M56.3 M31.8 M
Slightly volatile
Interest Income19 M29 M15.4 M
Slightly volatile
Reconciled Depreciation95.8 M127.9 M66.7 M
Slightly volatile

FirstService Corp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation25.3 M22.4 M25.8 M
Pretty Stable
Free Cash Flow197 M187.6 M90.1 M
Slightly volatile
Begin Period Cash Flow115.3 M159.3 M107.5 M
Slightly volatile
Depreciation69.7 M127.9 M66 M
Slightly volatile
Dividends Paid20 M39.1 M19.4 M
Slightly volatile
Capital Expenditures97.4 M92.7 M47.2 M
Slightly volatile
Total Cash From Operating Activities294.4 M280.4 M137.4 M
Slightly volatile
End Period Cash Flow125.6 M206.9 M116.8 M
Slightly volatile
Change To Netincome52.9 M57.2 M43.6 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.91.67591.1941
Slightly volatile
Dividend Yield0.00970.00540.0087
Slightly volatile
PTB Ratio5.797.12977.3482
Slightly volatile
Days Sales Outstanding40.8270.922350.4466
Slightly volatile
Book Value Per Share31.7930.280815.0356
Slightly volatile
Free Cash Flow Yield0.04630.02580.0369
Slightly volatile
Operating Cash Flow Per Share6.576.25563.5076
Slightly volatile
Average Payables23.9 M30.8 M29.3 M
Slightly volatile
Stock Based Compensation To Revenue0.00770.00490.0101
Pretty Stable
Capex To Depreciation0.760.72490.7051
Pretty Stable
PB Ratio5.797.12977.3482
Slightly volatile
EV To Sales1.061.95961.3613
Slightly volatile
Free Cash Flow Per Share4.44.18652.2855
Slightly volatile
Inventory Turnover11.3711.970449.477
Slightly volatile
Days Of Inventory On Hand32.0230.49215.4998
Slightly volatile
Payables Turnover19.120.558624.03
Very volatile
Capex To Revenue0.01460.02140.0185
Very volatile
Cash Per Share2.344.18632.8575
Very volatile
POCF Ratio17.1125.911222.786
Slightly volatile
Capex To Operating Cash Flow0.30.33080.3827
Pretty Stable
PFCF Ratio32.7538.717744.2035
Slightly volatile
Days Payables Outstanding18.2917.754216.4051
Pretty Stable
EV To Operating Cash Flow20.1630.295925.9296
Slightly volatile
EV To Free Cash Flow38.3945.269749.6934
Slightly volatile
Intangibles To Total Assets0.380.49860.4761
Pretty Stable
Net Debt To EBITDA1.693.11742.1228
Very volatile
Current Ratio1.191.76581.5047
Slightly volatile
Receivables Turnover8.225.14657.532
Slightly volatile
Graham Number35.5433.8520.6576
Slightly volatile
Shareholders Equity Per Share23.8722.734611.1162
Slightly volatile
Debt To Equity1.521.16021.3738
Slightly volatile
Capex Per Share2.172.06921.2221
Slightly volatile
Revenue Per Share49.296.715760.622
Slightly volatile
Interest Debt Per Share28.827.432914.1028
Slightly volatile
Debt To Assets0.340.3260.3171
Very volatile
Enterprise Value Over EBITDA12.8421.53916.9226
Slightly volatile
Short Term Coverage Ratios13.147.550417.0975
Very volatile
Operating Cycle51.6610164.5343
Slightly volatile
Price Book Value Ratio5.797.12977.3482
Slightly volatile
Days Of Payables Outstanding18.2917.754216.4051
Pretty Stable
Price To Operating Cash Flows Ratio17.1125.911222.786
Slightly volatile
Price To Free Cash Flows Ratio32.7538.717744.2035
Slightly volatile
Ebt Per Ebit0.690.83030.8747
Pretty Stable
Company Equity Multiplier4.843.55854.3487
Slightly volatile
Long Term Debt To Capitalization0.590.52910.5444
Pretty Stable
Total Debt To Capitalization0.630.53710.5716
Slightly volatile
Debt Equity Ratio1.521.16021.3738
Slightly volatile
Quick Ratio1.061.44641.339
Pretty Stable
Dividend Paid And Capex Coverage Ratio2.372.12732.1166
Very volatile
Cash Ratio0.230.24340.2853
Pretty Stable
Cash Conversion Cycle87.8483.660151.7605
Slightly volatile
Operating Cash Flow Sales Ratio0.04340.06470.0538
Pretty Stable
Days Of Inventory Outstanding32.0230.49215.4998
Slightly volatile
Days Of Sales Outstanding40.8270.922350.4466
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.680.66920.6159
Pretty Stable
Cash Flow Coverage Ratios0.330.23720.2939
Very volatile
Price To Book Ratio5.797.12977.3482
Slightly volatile
Fixed Asset Turnover19.5410.259617.5297
Slightly volatile
Capital Expenditure Coverage Ratio2.463.02332.991
Pretty Stable
Price Cash Flow Ratio17.1125.911222.786
Slightly volatile
Enterprise Value Multiple12.8421.53916.9226
Slightly volatile
Debt Ratio0.340.3260.3171
Very volatile
Cash Flow To Debt Ratio0.330.23720.2939
Very volatile
Price Sales Ratio0.91.67591.1941
Slightly volatile
Asset Turnover1.821.19551.6559
Slightly volatile
Gross Profit Margin0.360.32010.3285
Slightly volatile
Price Fair Value5.797.12977.3482
Slightly volatile

FirstService Corp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap7.6 B7.3 B3.6 B
Slightly volatile
Enterprise Value8.9 B8.5 BB
Slightly volatile

FirstService Fundamental Market Drivers

Forward Price Earnings34.8432
Cash And Short Term Investments187.6 M

About FirstService Corp Financial Statements

FirstService Corp investors utilize fundamental indicators, such as revenue or net income, to predict how FirstService Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue185.7 M195 M
Total Revenue4.3 B2.5 B
Cost Of Revenue2.9 B1.7 B
Stock Based Compensation To Revenue 0.00  0.01 
Capex To Revenue 0.02  0.01 
Revenue Per Share 96.72  49.20 
Ebit Per Revenue 0.06  0.04 

Pair Trading with FirstService Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FirstService Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FirstService Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with FirstService Stock

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The ability to find closely correlated positions to FirstService Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FirstService Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FirstService Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FirstService Corp to buy it.
The correlation of FirstService Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FirstService Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FirstService Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FirstService Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether FirstService Corp is a strong investment it is important to analyze FirstService Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact FirstService Corp's future performance. For an informed investment choice regarding FirstService Stock, refer to the following important reports:
Check out the analysis of FirstService Corp Correlation against competitors.
To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Please note, there is a significant difference between FirstService Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if FirstService Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FirstService Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.