FSV
Real EstateFirstService Corporation · Real Estate - Services · $6B
What is FirstService Corporation?
FirstService Corporation is a North American leader in residential property management and essential property services. Operating across the United States and Canada, it serves private communities, homeowner associations, and commercial clients through two distinct business segments.
FirstService generates revenue through two segments. FirstService Residential manages private residential communities — including condominiums, co-operatives, and master-planned developments — while also providing ancillary services such as building maintenance, pool management, security, and financial services. FirstService Brands operates franchise networks and company-owned locations delivering restoration, painting, floor coverings, and custom storage solutions to residential and commercial customers.
FirstService Corporation was established in 2015 and is headquartered in Toronto, Canada.
- Residential community property management
- Building engineering, maintenance, and security services
- Restoration, painting, and floor coverings through franchise brands
- Custom closet and home storage design via California Closets
Is FSV a Good Stock to Buy?
UQS Score rates FSV as Below Average overall, reflecting meaningful challenges across several key quality dimensions.
Among the five pillars, Valuation stands out as the relative bright spot, rated Good — suggesting the market may not be pricing in excessive optimism relative to fundamentals. Growth is rated Neutral, indicating the business is expanding at a pace broadly in line with expectations.
Quality, Moat, and Risk are all rated Weak, pointing to concerns around business durability, competitive positioning, and financial risk profile that investors should weigh carefully.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does FSV pay dividends?
Yes — FirstService Corporation pays a dividend.
FirstService pays a regular dividend, which is relatively uncommon among mid-cap real estate services companies that often prioritize reinvestment. The dividend reflects a degree of financial discipline, though investors should weigh it alongside the company's Weak Risk pillar rating when assessing income sustainability.
When does FSV report earnings?
FirstService Corporation reports earnings on a quarterly cadence, typical for US- and Canada-listed equities.
The company's Growth pillar is rated Neutral, suggesting revenue and earnings expansion has been measured rather than exceptional. Franchise network performance and residential management contract volumes are key drivers to watch each quarter.
For the most recent quarter's results, visit FirstService Corporation's investor relations page directly.
FSV Price History
-6.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in FirstService Corporation?
Based on FirstService Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
FSV Long-term Outlook
With a Neutral Growth pillar and Weak Risk rating, FirstService's near-term trajectory appears modest. The property services market offers steady demand from growing residential communities, but margin pressures and competitive dynamics may limit upside. The Good Valuation rating suggests the current price may already reflect tempered expectations.
Growth drivers
- Expanding residential community management contracts across North America
- Franchise network growth through Paul Davis Restoration and California Closets
- Ancillary services adoption — including energy management and insurance brokerage — within existing client communities
Key risks
- Weak Risk pillar signals elevated financial or operational vulnerability
- Limited competitive moat in a fragmented property services market
- Sensitivity to housing market cycles and interest rate conditions
FSV vs Peers
FirstService operates in a competitive real estate services landscape alongside diversified property and commercial services firms.
Brookfield Property Partners focuses on large-scale commercial and retail real estate ownership, contrasting with FirstService's service-and-management-fee model.
Colliers International targets commercial real estate advisory and brokerage at a global scale, while FirstService concentrates on residential community management and essential property services.
Frequently Asked Questions
What does FirstService Corporation do?
FirstService Corporation provides residential property management and essential property services across the United States and Canada. It manages condominiums, homeowner associations, and master-planned communities, while also operating franchise brands offering restoration, painting, and custom storage solutions.
Does FSV pay dividends?
Yes, FirstService pays a regular dividend. This is notable for a mid-cap real estate services company. Investors should review the dividend alongside the company's overall risk profile — the UQS Risk pillar is rated Weak — before relying on it as an income source.
When does FSV report earnings?
FirstService reports earnings quarterly, in line with standard practice for North American public companies. For specific dates and the most recent results, check the investor relations section of the FirstService Corporation website.
Is FSV a good stock to buy?
UQS Score rates FSV as Below Average, driven by Weak ratings across Quality, Moat, and Risk pillars. The Valuation pillar is rated Good, which may appeal to value-conscious investors, but the overall profile warrants careful consideration. Pro members can view the complete pillar breakdown.
Is FSV overvalued?
The UQS Valuation pillar for FSV is rated Good, suggesting the stock is not obviously overpriced relative to its fundamentals. However, valuation alone does not determine investment merit — the Weak Quality and Moat ratings are important context for any valuation assessment.
How does FSV compare to its competitors?
FirstService differs from peers like Colliers International by focusing on residential community management and franchise-based property services rather than commercial brokerage. Its mid-cap scale and service-fee model set it apart from larger, asset-heavy real estate operators like Brookfield Property Partners.
What is FSV's market cap bracket?
FirstService Corporation falls in the mid-cap category. Mid-cap companies typically offer a balance between growth potential and established operations, though they may carry more volatility than large-cap peers in the same sector.
Who founded FirstService Corporation?
FirstService Corporation in its current publicly listed form dates to 2015. Founding and leadership history is widely available through the company's official investor relations materials and public filings.
Is FSV a long-term quality investment?
As a long-term quality indicator, FSV's Below Average UQS Score — with Weak ratings on Quality, Moat, and Risk — raises questions about durable competitive advantage and financial resilience. The Neutral Growth and Good Valuation pillars offer some balance, but long-term conviction requires a thorough review of all five pillars.
What is the main competitive advantage of FirstService Corporation?
FirstService's scale in residential community management and its multi-brand franchise network create some operational breadth. However, the UQS Moat pillar is rated Weak, suggesting the company has not yet established a clearly differentiated or durable competitive position relative to sector peers.
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Pro Analysis
FSV — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 46.9 | 40.8 | 37.0 | 43.7 | 47.9 | 76.5 | -0.1 |
| May 20, 2026 | 47.0 | 41.0 | 37.0 | 43.7 | 47.9 | 77.0 | +2.7 |
| May 6, 2026 | 44.3 | 38.7 | 37.0 | 45.0 | 35.3 | 73.6 | +0.2 |
| May 3, 2026 | 44.1 | 38.7 | 37.0 | 44.3 | 35.3 | 73.5 | +0.4 |
| Apr 26, 2026 | 43.7 | 38.7 | 37.0 | 44.3 | 35.3 | 71.0 | 0.0 |
| Apr 25, 2026 | 43.7 | 38.7 | 37.0 | 44.8 | 35.3 | 69.8 | +0.9 |
| Apr 23, 2026 | 42.8 | 35.2 | 37.0 | 45.2 | 35.3 | 69.4 | +0.1 |
| Apr 19, 2026 | 42.7 | 34.9 | 37.0 | 44.9 | 35.3 | 69.7 | +0.1 |
| Apr 18, 2026 | 42.6 | 34.9 | 37.0 | 43.9 | 35.3 | 70.2 | -0.4 |
| Apr 14, 2026 | 43.0 | 35.3 | 37.0 | 43.9 | 35.3 | 72.4 | -0.2 |
FSV — Pillar Breakdown
Quality
— 41.0/100 (25%)FirstService Corporation has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 43.7/100 (20%)FirstService Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 47.9/100 (15%)FirstService Corporation has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 76.2/100 (15%)FirstService Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 37/100 (25%)FirstService Corporation possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for FSV.
Score Composition
Financial Data
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How is the FSV UQS Score Calculated?
The UQS (Unified Quality Score) for FirstService Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses FirstService Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether FirstService Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.