FirstService Corporation

FSV.TOTSXReal Estate● Active

$193.21

$-2.99(-1.52%)

Market Cap$8.9B

P/E Ratio—

52W High$290.34

52W Low$169.6

Avg Volume136K

Open$195.38

Beta0.92

Free Cash Flow Financials Revenue

FirstService Corporation (FSV.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FSV.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

FSV.TO · FCF · TTM · margin & CAGR

Free cash flow was $323.8M for FY2025 (fiscal year ending 2025-12-31), up 87.3% year-over-year The FCF margin was 5.8%. Five-year CAGR stands at +5.1%.

FY2025 Free Cash Flow$323.8M▲ +87.3% YoY

Trailing 12M (TTM)$369.6Mtrailing 4 quarters sum

FCF Margin5.8%$323.8M ÷ revenue

3-Year CAGR+125.4%FY2022 → FY2025

5-Year CAGR+5.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FSV.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$453.7M(130M)$323.8M▲ +87.3%5.8%

FY2024$285.7M(113M)$172.9M▼ 7.9%3.3%

FY2023$285.5M(93M)$187.6M▲ +563.4%4.3%

FY2022$105.9M(78M)$28.3M▼ 74.1%0.8%

FY2021$167.3M(58M)$109.1M▼ 56.8%3.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FSV.TO · P/FCF · FCF yield · FCF per share

FirstService Corporation (FSV.TO) trades at a FCF yield of 5.73% and a price-to-free-cash-flow ratio of 23.8x. FCF per share stands at $8.12, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.73%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$8.12

TTM FCF ÷ Shares Outstanding

Price / FCF

x23.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x20.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FSV.TO · cash flow statement · operating / investing / financing

For FY2025, FirstService Corporation generated $453.7M in operating cash flow and spent 130M in capital expenditures, yielding $323.8M in free cash flow.

Operating Activities

+$453.7M

Cash from core business operations

2025-12-31

Investing Activities

−$283.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$233.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($453.7M) − |CapEx| (130M) = FCF ($323.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

FSV.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

FirstService CorporationYOU

FSV.TO

$323.8M+87.3%5.8%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

FirstService Corporation (FSV.TO) reported free cash flow of $323.8M for FY2025 (fiscal year ending 2025-12-31), up 87.3% year-over-year. The FCF margin was 5.8%.

Based on available data, FirstService Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $323.8M in FY2025. The 5-year CAGR stands at +5.1%.

FirstService Corporation's FCF yield is 5.73% and price-to-FCF ratio is 23.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FSV.TO free cash flow · 8 questions

FirstService Corporation free cash flow was $323.8M for FY2025, up 87.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $369.6M.

FSV.TO free cash flowFSV.TO FCFFSV.TO FCF 2025FSV.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · FirstService Corporation · FirstService Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026