FirstService (NASDAQ:FSV) Posts Earnings Results, Beats Estimates By $0.04 EPS

Posted by Brian Himes on Jul 24th, 2026

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) posted its earnings results on Thursday. The financial services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.04, Briefing.com reports. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business posted $1.71 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis.

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

Q2 results modestly beat expectations, with revenue up 2%, adjusted EBITDA up 3% to $161.7 million, and adjusted EPS up 2% year over year. Management said performance was better than expected, especially in the Brands division.
Restoration momentum improved materially late in the quarter, as the company signed multiple large-loss projects and rebuilt its backlog to historically healthy levels. Management expects about 5% year-over-year growth in restoration in the back half, with more upside tied to storm activity and 2027 conversion.
Roofing remains the weak spot, with Q2 revenue down 6% reported and 10% organically amid a stubbornly weak and highly competitive market. The company also said some large reroof projects were delayed, although they remain in backlog.
Century Fire continued to outperform, posting more than 10% revenue growth and improved backlog, and management expects another strong 10%+ growth pace in Q3 and Q4. Recent acquisitions in Florida and Texas should expand service capabilities.
Capital allocation remains flexible, with the company buying back 1.8 million shares in Q2 for about $250 million while still keeping leverage conservative at 1.8x net debt to EBITDA and over $800 million of liquidity. Management said it can continue repurchases and pursue tuck-in M&A in tandem, depending on opportunities.

FirstService Stock Up 5.7%

Shares of FirstService stock traded up $7.42 on Friday, hitting $138.56. 92,563 shares of the company’s stock traded hands, compared to its average volume of 215,555. FirstService has a 52-week low of $119.41 and a 52-week high of $209.66. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.74. The stock has a market cap of $6.37 billion, a P/E ratio of 39.14, a PEG ratio of 4.28 and a beta of 0.94. The firm’s 50-day moving average is $139.31 and its 200 day moving average is $145.45.

FirstService Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. FirstService’s dividend payout ratio is 34.46%.

Wall Street Analysts Forecast Growth

FSV has been the subject of several recent research reports. BMO Capital Markets set a $192.00 price target on FirstService in a report on Friday. TD increased their target price on FirstService from $204.00 to $207.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Scotiabank dropped their target price on FirstService from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of FirstService in a research report on Friday. Finally, Loop Capital began coverage on FirstService in a report on Monday, May 4th. They issued a “hold” rating and a $140.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.78.

View Our Latest Research Report on FirstService

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC grew its position in shares of FirstService by 5.6% in the second quarter. Evergreen Capital Management LLC now owns 1,462 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 77 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in FirstService by 88.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock valued at $27,000 after buying an additional 81 shares in the last quarter. Pathstone Holdings LLC increased its position in FirstService by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 17,021 shares of the financial services provider’s stock worth $3,242,000 after buying an additional 92 shares during the period. Finally, Public Sector Pension Investment Board increased its position in FirstService by 2.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,076 shares of the financial services provider’s stock worth $710,000 after buying an additional 100 shares during the period. 69.35% of the stock is currently 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.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.