FirstService (FSV) Ratios
FirstService Ratios
FSV's free cash flow for Q3 2026 was $57.99M. For the 2026 fiscal year, FSV's free cash flow was decreased by $-29.38M and operating cash flow was $87.37M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 15.15 | 1.83 | 1.77 | 1.74 | 1.56 |
| Quick Ratio | 11.37 | 1.50 | 1.45 | 1.36 | 1.30 |
| Cash Ratio | 2.13 | 0.27 | 0.24 | 0.21 | 0.27 |
| Solvency Ratio | 0.14 | 0.12 | 0.10 | 2.14 | 2.11 |
| Operating Cash Flow Ratio | 6.25 | 0.34 | 0.36 | 0.17 | 0.27 |
| Short-Term Operating Cash Flow Coverage | 33.24 | 6.87 | 7.55 | 2.97 | 2.91 |
| Net Current Asset Value | $ -1.32B | $ -998.42M | $ -907.63M | $ -524.75M | $ -525.51M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.32 | 0.37 | 0.39 | 0.34 | 0.33 |
| Debt-to-Equity Ratio | 1.01 | 1.32 | 1.39 | 1.05 | 1.03 |
| Debt-to-Capital Ratio | 0.50 | 0.57 | 0.58 | 0.51 | 0.51 |
| Long-Term Debt-to-Capital Ratio | 0.44 | 0.51 | 0.53 | 0.44 | 0.43 |
| Financial Leverage Ratio | 3.11 | 3.53 | 3.56 | 3.06 | 3.14 |
| Debt Service Coverage Ratio | 5.24 | 3.50 | 3.81 | 4.68 | 3.54 |
| Interest Coverage Ratio | 4.75 | 4.07 | 5.17 | 8.69 | 12.57 |
| Debt to Market Cap | 0.15 | 0.16 | 0.22 | 0.14 | 0.08 |
| Interest Debt Per Share | 32.06 | 36.63 | 43.56 | 22.12 | 19.14 |
| Net Debt to EBITDA | 2.27 | 2.65 | 3.25 | 2.45 | 2.10 |
| Profitability Margins | |||||
| Gross Profit Margin | 26.84% | 32.93% | 32.01% | 31.50% | 32.20% |
| EBIT Margin | 6.37% | 6.53% | 5.78% | 5.85% | 6.93% |
| EBITDA Margin | 9.68% | 9.70% | 8.74% | 8.91% | 9.62% |
| Operating Profit Margin | 6.37% | 6.47% | 5.65% | 5.85% | 6.21% |
| Pretax Profit Margin | 4.85% | 4.94% | 4.69% | 5.18% | 6.43% |
| Net Profit Margin | 2.64% | 2.58% | 2.32% | 3.23% | 4.16% |
| Continuous Operations Profit Margin | 3.47% | 3.60% | 3.39% | 3.87% | 4.81% |
| Net Income Per EBT | 54.42% | 52.10% | 49.37% | 62.42% | 64.69% |
| EBT Per EBIT | 76.10% | 76.41% | 83.03% | 88.57% | 103.65% |
| Return on Assets (ROA) | 3.45% | 3.20% | 2.77% | 4.36% | 5.39% |
| Return on Equity (ROE) | 10.75% | 11.31% | 9.85% | 13.34% | 16.91% |
| Return on Capital Employed (ROCE) | 8.48% | 10.09% | 8.58% | 10.25% | 10.67% |
| Return on Invested Capital (ROIC) | 5.96% | 7.15% | 6.02% | 7.37% | 7.55% |
| Return on Tangible Assets | 7.05% | 6.45% | 5.52% | 7.97% | 10.53% |
| Earnings Yield | 2.09% | 1.65% | 1.85% | 2.24% | 1.57% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.92 | 5.45 | 5.15 | 5.89 | 5.89 |
| Payables Turnover | 25.82 | 20.10 | 20.56 | 22.12 | 22.00 |
| Inventory Turnover | 14.92 | 12.51 | 11.97 | 10.59 | 13.65 |
| Fixed Asset Turnover | 10.02 | 10.55 | 10.26 | 10.05 | 10.91 |
| Asset Turnover | 1.31 | 1.24 | 1.20 | 1.35 | 1.29 |
| Working Capital Turnover Ratio | 6.44 | 8.03 | 8.16 | 9.16 | 10.45 |
| Cash Conversion Cycle | 71.93 | 77.96 | 83.66 | 79.94 | 72.11 |
| Days of Sales Outstanding | 61.61 | 66.95 | 70.92 | 61.97 | 61.96 |
| Days of Inventory Outstanding | 24.46 | 29.17 | 30.49 | 34.48 | 26.74 |
| Days of Payables Outstanding | 14.14 | 18.16 | 17.75 | 16.50 | 16.59 |
| Operating Cycle | 86.07 | 96.12 | 101.41 | 96.44 | 88.70 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 9.97 | 6.35 | 8.34 | 2.40 | 3.82 |
| Free Cash Flow Per Share | 7.11 | 3.84 | 5.58 | 0.64 | 2.49 |
| Dividend Paid and CapEx Coverage Ratio | 2.54 | 1.82 | 2.13 | 0.95 | 1.88 |
| Capital Expenditure Coverage Ratio | 3.49 | 2.53 | 3.02 | 1.36 | 2.87 |
| Operating Cash Flow Coverage Ratio | 0.33 | 0.18 | 0.20 | 0.11 | 0.20 |
| Operating Cash Flow to Sales Ratio | 0.08 | 0.05 | 0.06 | 0.03 | 0.05 |
| Free Cash Flow Yield | 4.58% | 2.12% | 3.45% | 0.52% | 1.27% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 47.97 | 60.72 | 54.19 | 44.63 | 63.73 |
| Price-to-Sales (P/S) Ratio | 1.27 | 1.56 | 1.26 | 1.44 | 2.65 |
| Price-to-Book (P/B) Ratio | 5.15 | 6.86 | 5.34 | 5.95 | 10.77 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 21.85 | 47.12 | 29.00 | 191.04 | 79.00 |
| Price-to-Operating Cash Flow Ratio | 15.60 | 28.51 | 19.40 | 51.03 | 51.51 |
| Price-to-Earnings Growth (PEG) Ratio | 5.50 | -181.55 | 3.96 | -3.18 | 1.51 |
| Enterprise Value Multiple | 15.34 | 18.74 | 17.61 | 18.64 | 29.66 |
| Enterprise Value | 8.31B | 9.48B | 6.67B | 6.22B | 9.27B |
| EV to EBITDA | 15.34 | 18.74 | 17.61 | 18.64 | 29.66 |
| EV to Sales | 1.48 | 1.82 | 1.54 | 1.66 | 2.85 |
| EV to Free Cash Flow | 25.65 | 54.86 | 35.55 | 219.89 | 85.03 |
| EV to Operating Cash Flow | 18.31 | 33.20 | 23.79 | 58.73 | 55.44 |
| Tangible Book Value Per Share | -7.19 | -10.52 | -13.41 | -2.57 | -4.71 |
| Shareholders’ Equity Per Share | 30.17 | 26.38 | 30.31 | 20.54 | 18.24 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.28 | 0.27 | 0.28 | 0.25 | 0.25 |
| Revenue Per Share | 122.87 | 115.88 | 128.94 | 84.80 | 74.11 |
| Net Income Per Share | 3.24 | 2.98 | 2.99 | 2.74 | 3.08 |
| Tax Burden | 0.54 | 0.52 | 0.49 | 0.62 | 0.65 |
| Interest Burden | 0.76 | 0.76 | 0.81 | 0.89 | 0.93 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.23 | 0.24 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Income Quality | 2.38 | 1.52 | 2.74 | 0.73 | 1.07 |
Currency in USD