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FirstService Corporation (FSV)
NASDAQ:FSV
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.88Last Year’s EPS
0.93Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a constructive overall picture: the company delivered solid full-year financial results with improved margins, strong cash flow, reduced leverage, an 11% dividend increase, and continued strength in FirstService Residential and Century Fire. However, the Brands division experienced a weaker quarter with EBITDA and margin pressure, roofing demand and competition remain challenged, storm-related restoration revenue is volatile, and there are near-term organic headwinds (notably in Q1). Management is cautious on M&A, focused on tuck-ins, and expects consolidated margins to be roughly flat in 2026 while targeting high-single-digit EBITDA growth later in the year.Company Guidance
Consolidated Full-Year Revenue and Earnings Growth
Full-year 2025 consolidated revenues rose 5% to $5.5 billion, adjusted EBITDA increased 10% to $563 million (margin improved 40 bps to 10.2%), and adjusted EPS grew 15% to $5.75.
Fourth Quarter Stability and EPS Improvement
Q4 2025 consolidated revenues were $1.38 billion (+1% YoY), adjusted EBITDA was $138 million (flat YoY), and adjusted EPS rose to $1.37 from $1.34 (~2% increase).
Strong Cash Flow and Balance Sheet Improvement
Q4 operating cash flow was $155 million (+33% YoY) and annual cash flow from operations exceeded $445 million (+56% YoY). Net leverage improved to 1.6x (from 2.0x) and the company has $970 million of combined cash and undrawn revolver capacity.
Dividend Increase and Capital Allocation Discipline
Board approved an 11% dividend increase to $1.22 per share annually (from $1.10). 2025 acquisitions were selective at $107 million, demonstrating disciplined M&A.
FirstService Residential Outperformance
Q4 Residential revenues were $563 million (+8% YoY) with organic growth of 5%, Q4 EBITDA rose 12% to $51.5 million and margin expanded to 9.1% (from 8.8%). Full-year Residential revenue was $2.3 billion (+7%) with annual EBITDA up 13% and margin up 50 bps to 9.8%. Management expects mid-single-digit organic growth for 2026.
Century Fire Momentum
Century Fire delivered a strong Q4 with revenues up over 10% YoY and high-single-digit organic growth. Backlog is strong and management expects ~10%+ growth for 2026.
Home Services Resilience
Home service brands grew revenues ~3% YoY in Q4 (better than expectations) by improving lead-to-estimate, close rates and average job size despite depressed consumer confidence.
Margin and Cost Tailwinds Below the Operating Line
Lower corporate costs (benefitting from noncash FX movements) and reduced interest costs (lower debt and rates) meaningfully supported full-year EPS leverage.
FSV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FSV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $154.55 | $165.10 | +6.83% |
Oct 23, 2025 | $184.76 | $166.73 | -9.76% |
Jul 24, 2025 | $178.80 | $193.72 | +8.34% |
Apr 24, 2025 | $172.19 | $171.32 | -0.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FirstService Corporation (FSV) report earnings?
FirstService Corporation (FSV) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is FirstService Corporation (FSV) earnings time?
FirstService Corporation (FSV) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSV EPS forecast?
FSV EPS forecast for the fiscal quarter 2026 (Q1) is 0.88.