FirstService Corp (FSV) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — 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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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 also provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service swimming pool and 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. The FirstService Brands segment operates and provides essential property services to residential and commercial customers, through five franchise networks; and company-owned locations, including 20 California Closets, 12 Paul Davis Restoration, and 1 CertaPro Painters locations. 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, First Onsite Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada. FirstService Corp (FSV) is classified as a mid-cap stock in the Real Estate sector. The company is led by CEO D. Scott Patterson and employs approximately 25,000 people, headquartered in TORONTO, Ontario. With a market capitalization of $6.4B, FSV is one of the notable companies in the Real Estate sector.
FirstService Corp (FSV) Stock Rating — Reduce (April 2026)
As of April 2026, FirstService Corp receives a Reduce rating with a composite score of 44.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.FSV ranks #2,240 out of 4,446 stocks in our coverage universe. Within the Real Estate sector, FirstService Corp ranks #25 of 57 stocks, placing it in the upper half of its Real Estate peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
FSV Stock Price and 52-Week Range
FirstService Corp (FSV) currently trades at $145.90. The stock gained $0.16 (0.1%) in the most recent trading session. The 52-week high for FSV is $209.66, which means the stock is currently trading -30.4% from its annual peak. The 52-week low is $139.60, putting the stock 4.5% above its annual trough. Recent trading volume was 79K shares, suggesting relatively thin trading activity.
Is FSV Overvalued or Undervalued? — Valuation Analysis
FirstService Corp (FSV) carries a value factor score of 67/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 48.96x, compared to the Real Estate sector average of 32.31x — a premium of 52%. The price-to-sales ratio is 0.31x, compared to 0.80x for the average Real Estate stock. On an enterprise value basis, FSV trades at 3.78x EV/EBITDA, versus 8.62x for the sector.
Overall, FSV's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
FirstService Corp Profitability — ROE, Margins, and Quality Score
FirstService Corp (FSV) earns a quality factor score of 20/100, signaling below-average profitability metrics relative to the broader market. Return on assets (ROA) comes in at 17.9% versus the sector average of 0.8%.
On a margin basis, FirstService Corp reports gross margins of 32.9%, compared to 26.0% for the sector. The operating margin is 6.5% (sector: 3.7%). Net profit margin stands at 3.6%, versus 1.8% for the average Real Estate stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
FSV Debt, Balance Sheet, and Financial Health
Balance sheet data for FSV is evaluated through our stability factor. Total debt on the balance sheet is $1.31B. Cash and equivalents stand at $228M.
FSV has a beta of 0.56, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for FirstService Corp is 81/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
FirstService Corp Revenue and Earnings History — Quarterly Trend
In TTM 2026, FirstService Corp reported revenue of $5.22B and earnings per share (EPS) of $2.98. Net income for the quarter was $188M. Gross margin was 32.9%. Operating income came in at $338M.
In FY 2024, FirstService Corp reported revenue of $5.22B and earnings per share (EPS) of $2.98. Net income for the quarter was $188M. Gross margin was 32.9%. Revenue grew 20.4% year-over-year compared to FY 2023. Operating income came in at $338M.
In FY 2023, FirstService Corp reported revenue of $4.33B and earnings per share (EPS) of $2.25. Net income for the quarter was $147M. Gross margin was 32.0%. Revenue grew 15.7% year-over-year compared to FY 2022. Operating income came in at $245M.
In FY 2022, FirstService Corp reported revenue of $3.75B and earnings per share (EPS) of $2.74. Net income for the quarter was $145M. Gross margin was 31.5%. Revenue grew 15.3% year-over-year compared to FY 2021. Operating income came in at $219M.
Over the past 8 quarters, FirstService Corp has demonstrated a growth trajectory, with revenue expanding from $1.93B to $5.22B. Investors analyzing FSV stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
FSV Dividend Yield and Income Analysis
FirstService Corp (FSV) does not currently pay a dividend. This is common among smaller companies in the Real Estate industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Real Estate dividend stocks may want to explore other Real Estate stocks or use the stock screener to filter by dividend yield.
FSV Momentum and Technical Analysis Profile
FirstService Corp (FSV) has a momentum factor score of 44/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 32/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 67/100 reflects moderate short selling activity.
FSV vs Competitors — Real Estate Sector Ranking and Peer Comparison
Within the Real Estate sector, FirstService Corp (FSV) ranks #25 out of 57 stocks based on the Blank Capital composite score. This places FSV in the upper half of all Real Estate stocks in our coverage universe. Key competitors and sector peers include Urban Edge Properties (UE) with a score of 51.9/100, Kennedy-Wilson Holdings, Inc. (KW) with a score of 48.0/100, AMREP CORP. (AXR) with a score of 49.0/100, GETTY REALTY CORP /MD/ (GTY) with a score of 53.1/100, and Curbline Properties Corp. (CURB) with a score of 50.5/100.
Comparing FSV against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full FSV vs S&P 500 (SPY) comparison to assess how FirstService Corp stacks up against the broader market across all factor dimensions.
FSV Next Earnings Date
No upcoming earnings date has been announced for FirstService Corp (FSV) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy FSV? — Investment Thesis Summary
The quantitative profile for FirstService Corp suggests caution. The quality score of 20/100 flags below-average profitability. The value score of 67/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 81/100) reduces downside risk.
In summary, FirstService Corp (FSV) earns a Reduce rating with a composite score of 44.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on FSV stock.
Related Resources for FSV Investors
Explore more research and tools: FSV vs S&P 500 comparison, top Real Estate stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare FSV head-to-head with peers: FSV vs UE, FSV vs KW, FSV vs AXR.