The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

FSV.TO

Concerning the House

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. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment operates as a full-service property manager and provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel; proprietary banking and insurance products; and energy conservation and management solutions. This segment serves condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and other residential developments governed by common interest or multi-unit residential community associations. Its FirstService Brands segment offers property services to residential and commercial customers in North America through company-owned operations and franchise systems under the First Onsite Property Restoration, Paul Davis Restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors brands. This segment also provides light restoration services, including full-service water, fire and mold cleanup, construction rebuild, and restoration services; painting services; custom-designed and installed closet and home storage solutions; home inspection services; and floor covering design and installation services. FirstService Corporation was incorporated in 1988 and is headquartered in Toronto, Canada.

Canada · www.firstservice.com

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$1.42B$1.45B$1.38B$1.32B
Gross profit$480.40M$487.14M$469.28M$430.65M
Operating income$104.94M$111.53M$82.24M$48.16M
Net income$46.10M$57.17M$38.98M$19.99M
Diluted EPS1.010.850.44
Free cash flow$129.46M$92.70M$84.39M$59.78M
CapEx-$33.38M-$33.66M-$31.10M-$28.43M
Quotation

$195.99

-2.02 (-1.0%)

52w hi$285.98
52w lo$170.84
Vol302.99K
As ofAug 13
The Verdict

Hold

Our score -0.37

Short-0.70
Medium-0.27
Long+0.12

computed 2026-08-13

By the Numbers

FirstService Corporation

Real Estate · Real Estate Services

Market cap$8.61B
Enterprise value$10.59B
Trailing P/E39.92x
Forward P/E21.09x
EV / EBITDA19.63x
P / S (ttm)1.54x
Profit margin2.9%
Return on equity12.0%
Revenue growth+2.4%
Earnings growth-1.1%
Debt / equity90.37
Risk Metrics
Beta vs SPX0.54
Corr SPX0.34
Annual vol25.6%
Annual ret-5.5%
Sharpe-0.22
Max DD-40.8%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.31
Sector+0.04
Technical+0.00
Earnings+0.00
Sentiment-0.73

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$197.83$198.80$191.67$195.99302.99K
Aug 12$198.00$198.31$194.10$198.01188.60K
Aug 11$198.64$201.12$196.98117.72K
Aug 10$200.36$200.80$198.50$198.92103.10K
Aug 7$199.15$203.15$199.15$200.7885.50K