FirstService (NASDAQ:FSV) Posts Earnings Results, Beats Estimates By $0.05 EPS

05 Feb 2026, 13:52 by Scott Moore · The Cerbat Gem

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) announced its earnings results on Wednesday. The financial services provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05, Briefing.com reports. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. FirstService had a return on equity of 17.98% and a net margin of 2.53%.The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 EPS.

Here are the key takeaways from FirstService’s conference call:

Strong full-year performance — consolidated revenues rose 5%, with adjusted EBITDA up 10% and adjusted EPS up 15%, driving a 40 bp margin improvement to 10.2%.
FirstService Residential regained momentum — Q4 revenues +8% (organic +5%), full‑year organic growth back to mid‑single digits and margins near the top of the 9–10% band; management expects mid‑single digit organic growth for 2026.
Brands segment weakness — Q4 revenues fell 3% and EBITDA declined 12% as restoration and roofing faced organic declines, roofing demand remains muted and competitive pressure is compressing margins.
Strong cash flow and balance sheet progress — operating cash flow rose materially (FY CFO >$445M), net debt/EBITDA fell to 1.6x, liquidity is about $970M, and the board approved an 11% dividend increase to $1.22/share.
Disciplined M&A posture — deal flow remains slow and multiples high, so management will prioritize selective tuck‑ins and occasional franchise pull‑ins while remaining patient on larger acquisitions.

FirstService Stock Down 4.3%

NASDAQ:FSV traded down $7.13 on Thursday, hitting $157.97. The stock had a trading volume of 127,122 shares, compared to its average volume of 207,927. FirstService has a 1 year low of $147.23 and a 1 year high of $209.66. The firm’s fifty day simple moving average is $156.36 and its two-hundred day simple moving average is $174.51. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market cap of $7.22 billion, a P/E ratio of 52.31, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 31st will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from FirstService’s previous quarterly dividend of $0.28. FirstService’s payout ratio is currently 38.61%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. TD Securities reiterated a “buy” rating and set a $217.00 price objective on shares of FirstService in a report on Thursday. BMO Capital Markets reiterated an “outperform” rating and issued a $202.00 price target on shares of FirstService in a report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstService in a research note on Monday, December 22nd. Stifel Nicolaus lowered their target price on FirstService from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Finally, Scotiabank upgraded FirstService from a “sector perform” rating to a “sector outperform” rating and cut their target price for the stock from $220.00 to $205.00 in a report on Friday, October 24th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.67.

Read Our Latest Stock Report on FSV

Hedge Funds Weigh In On FirstService

Several institutional investors have recently modified their holdings of FSV. Durable Capital Partners LP lifted its holdings in FirstService by 12.9% during the third quarter. Durable Capital Partners LP now owns 2,216,720 shares of the financial services provider’s stock worth $422,263,000 after acquiring an additional 253,155 shares during the period. Goldman Sachs Group Inc. increased its position in shares of FirstService by 79.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 318,648 shares of the financial services provider’s stock valued at $52,880,000 after purchasing an additional 141,152 shares during the last quarter. Legal & General Group Plc raised its stake in shares of FirstService by 41.9% during the 3rd quarter. Legal & General Group Plc now owns 261,165 shares of the financial services provider’s stock worth $49,771,000 after purchasing an additional 77,179 shares during the period. UBS Group AG boosted its holdings in shares of FirstService by 129.2% in the 3rd quarter. UBS Group AG now owns 124,204 shares of the financial services provider’s stock worth $23,660,000 after buying an additional 70,018 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of FirstService by 25.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 214,930 shares of the financial services provider’s stock worth $40,941,000 after buying an additional 44,142 shares during the last quarter. 69.35% of the stock is owned by institutional investors.

About FirstService

(Get Free Report)

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.