FirstService Corporation (FSV) Stock Price & How to Invest

FirstService Corporation is a North American provider of essential property services operating through two segments. FirstService Residential is the largest manager of residential communities in North America, running condominiums, co-operatives, homeowner associations, and master-planned communities on recurring management contracts, plus ancillary services like on-site staffing, amenity management, banking, and insurance products. FirstService Brands delivers property services to residential and commercial customers through owned operations and franchise systems, including First Onsite and Paul Davis restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, Floor Coverings International, and Pillar to Post home inspectors.

The investment picture is one of a disciplined serial acquirer. FirstService compounds revenue through a mix of organic growth (new management contracts, labor efficiency) and a steady cadence of tuck-under acquisitions, most notably the roughly $413 million controlling stake in Roofing Corp of America that built out a commercial roofing platform. Revenue reached about $5.5 billion in 2025 and about $5.6 billion over the trailing twelve months, and the company has raised its dividend at least 10 percent annually for more than a decade. Growth has cooled in 2026: Q2 revenue of about $1.45 billion was up only ~2.4% year over year, though adjusted EPS of $1.75 edged past the $1.73 estimate. The market has re-rated the stock lower, to about $136.60 on October 16, 2026, down 9.5% year to date and 25% over one year, and CIBC cut its price target to $170 in mid-October. New wins keep arriving in residential management, including Lagoon Valley in Vacaville, California, and analysts expect Q3 EPS of about $1.87 on roughly $1.5 billion of revenue when the company reports on October 22.

FirstService still trades at a high trailing earnings multiple (about 39 times as of October 2026), though the forward multiple is closer to 20 times, so any slowdown in organic growth or margin compression can pressure the stock disproportionately. The stock's 25% one-year decline shows that risk playing out as revenue growth slowed to low single digits. The brands segment saw adjusted EBITDA ease amid roofing competition and promotional pressure in home services, showing cyclicality tied to housing turnover, weather-driven restoration volumes, and commercial construction. The acquisition-led model carries integration and overpayment risk, and debt of about $1.56 billion (debt to equity near 90%) adds financial sensitivity. Net margin is thin at under 3%. Labor availability and wage inflation affect a people-intensive service business, and being dual-listed with a Canadian listing introduces some currency translation noise for U.S. investors.

8 analysts publish price targets on FSV, averaging $173.25 against a $135.67 price as of October 2026, or +27.7%. The published targets run from $140.00 to $195.00, a moderate spread, and the ratings split 8 buy, 2 hold, 0 sell. Over the last six months there have been 0 raises and 2 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full FSV forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on FirstService Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Recurring residential management base. FirstService Residential generates largely recurring fee revenue from managing condos, HOAs, and master-planned communities, and posted fully organic revenue growth to about $546 million in Q1 2026. The most optimistic published target, $195.00, assumes this works close to its best case.

The case against. FirstService still trades at a high trailing earnings multiple (about 39 times as of October 2026), though the forward multiple is closer to 20 times, so any slowdown in organic growth or margin compression can pressure the stock disproportionately. The most pessimistic target, $140.00, is roughly what FSV is worth if this bites instead.

Read the full bull and bear case on FSV, including what would have to change to break either one. Walnut is not an investment adviser.

No. FirstService Corporation (FSV) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see FirstService Corporation's investor relations page or your broker.

• Revenue (TTM): ~$5.6B (up ~2.4% YoY in Q2 2026)
• Q2 2026 revenue: ~$1.45B (adj. EPS $1.75 vs $1.73 est.)
• Margins: ~33% gross, ~7% operating, ~3% net
• Net income (TTM): ~$161M (EBITDA ~$540M)
• Market cap: ~$6.0B (share price ~$137)
• P/E ratio: ~39x trailing, ~20x forward
• Dividend (annualized): ~$1.22 (~0.9% yield)

FirstService's headline trailing P/E near 39x is inflated by amortization and other items in GAAP earnings; on adjusted forward EPS of about $6.69 the multiple is roughly 20x, and EV/EBITDA is about 14.5x. The stock has de-rated sharply over the past year as growth slowed, and the average analyst target sits near $173. Q3 2026 results on October 22 carry a consensus of about $1.87 of adjusted EPS on roughly $1.5 billion of revenue.

Other names that sit close to FSV: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get FSV exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so FSV sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where FSV fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

FSV is a steadily growing, capital-light property-services roll-up that pairs recurring residential management fees with a diversified brands portfolio. After a roughly 25% one-year decline its forward multiple has fallen to about 20x, but revenue growth has slowed to low single digits, and Q3 2026 results on October 22 are the next test.

Whether FSV is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is FSV a buy or a sell?, and where the stock could go from here in the FSV stock forecast.

For income investors, whether FSV pays a dividend and how the payout looks is covered in does FSV pay a dividend? And to weigh FSV against a peer, read the full side-by-side comparisons: FSV vs CBRE and FSV vs CIGI.