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FirstService Corporation

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Total Revenue 1.4B 1.4B 1.4B 1.3B 1.4B
Operating Revenue 1.4B 1.4B 1.4B 1.3B 1.4B
Cost Of Revenue 914.1M 960.4M 935.3M 841.5M 911.4M
Gross Profit 469.3M 487.1M 480.4M 409.4M 454.0M
Selling General And Administration 338.3M 329.0M 329.8M 313.7M 321.8M
Depreciation And Amortization In Income Statement 48.8M 46.6M 45.6M 44.2M 47.8M
Operating Expense 387.0M 375.6M 375.5M 357.9M 369.6M
Operating Income 82.2M 111.5M 104.9M 51.5M 84.3M
EBIT 85.8M 116.8M 98.3M 39.3M 90.5M
Interest Expense 17.1M 18.2M 19.2M 19.3M 21.1M
Interest Expense Non Operating 17.1M 18.2M 19.2M 19.3M 21.1M
Net Interest Income -17.1M -18.2M -19.2M -19.3M -21.1M
Other Income Expense 3.6M 5.2M -6.7M -12.1M 6.1M
Other Non Operating Income Expenses -84,000 1.1M 996,000 86,000 863,000
Special Income Charges 3.7M 4.1M -7.7M -12.2M 5.3M
Restructuring And Mergern Acquisition -3.7M -4.1M 7.7M 12.2M -5.3M
Pretax Income 68.7M 98.6M 79.1M 20.1M 69.3M
Tax Provision 18.4M 27.7M 23.7M 6.0M 19.2M
Tax Effect Of Unusual Items 982,841 1.2M -2.3M -3.7M 1.5M
Net Income From Continuing And Discontinued Operation 39.0M 57.2M 46.1M 2.8M 32.5M
Net Income From Continuing Operation Net Minority Interest 39.0M 57.2M 46.1M 2.8M 32.5M
Net Income Including Noncontrolling Interests 50.3M 70.9M 55.4M 14.1M 50.2M
Minority Interests -11.4M -13.7M -9.3M -11.3M -17.7M
Net Income Common Stockholders 39.0M 57.2M 46.1M 2.8M 32.5M
Net Income 39.0M 57.2M 46.1M 2.8M 32.5M
EBITDA 134.6M 163.4M 143.9M 83.5M 138.3M
Normalized EBITDA 130.9M 159.3M 151.6M 95.8M 133.0M
Reconciled Depreciation 48.8M 46.6M 45.6M 44.2M 47.8M
Basic EPS 0.85 -- 1.01 0.06 0.72
Diluted EPS 0.85 -- 1.01 0.06 0.71
Basic Average Shares 45.7M -- 45.4M 45.4M 45.2M
Diluted Average Shares 45.8M -- 45.7M 45.6M 45.6M
Total Unusual Items 3.7M 4.1M -7.7M -12.2M 5.3M
Total Unusual Items Excluding Goodwill 3.7M 4.1M -7.7M -12.2M 5.3M
Tax Rate For Calcs 0.27 0.28 0.30 0.30 0.28
Normalized Income 36.3M 54.2M 51.5M 11.4M 28.7M
Amortization 20.2M 18.8M 19.7M 18.5M 22.3M
Amortization Of Intangibles Income Statement 20.2M 18.8M 19.7M 18.5M 22.3M
Depreciation Amortization Depletion Income Statement 48.8M 46.6M 45.6M 44.2M 47.8M
Depreciation Income Statement 28.6M 27.8M 25.9M 25.7M 25.5M
Diluted NI Availto Com Stockholders 39.0M 57.2M 46.1M 2.8M 32.5M
Gain On Sale Of Ppe -- -- -- -- --
Net Income Continuous Operations 50.3M 70.9M 55.4M 14.1M 50.2M
Net Non Operating Interest Income Expense -17.1M -18.2M -19.2M -19.3M -21.1M
Reconciled Cost Of Revenue 914.1M 960.4M 935.3M 841.5M 911.4M
Total Expenses 1.3B 1.3B 1.3B 1.2B 1.3B
Total Operating Income As Reported 85.9M 115.6M 97.3M 39.3M 89.6M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Cash And Cash Equivalents 154.4M 219.9M 201.8M 217.2M 227.6M
Cash Cash Equivalents And Short Term Investments 154.4M 219.9M 201.8M 217.2M 227.6M
Accounts Receivable 922.1M 958.6M 983.0M 946.4M 947.5M
Receivables 944.2M 975.7M 1.0B 956.7M 956.9M
Inventory 274.2M 291.4M 291.2M 269.0M 279.6M
Other Current Assets 105.2M 88.7M 94.5M 95.8M 79.1M
Current Assets 1.5B 1.6B 1.6B 1.6B 1.6B
Gross PPE 1.1B 561.8M 548.2M 518.6M 937.5M
Accumulated Depreciation -501.2M -- -- -- -443.0M
Net PPE 559.3M 561.8M 548.2M 518.6M 494.5M
Goodwill 1.5B 1.5B 1.5B 1.4B 1.4B
Goodwill And Other Intangible Assets 2.2B 2.2B 2.2B 2.1B 2.1B
Other Intangible Assets 684.7M 718.1M 716.4M 711.5M 715.5M
Other Non Current Assets 24.8M 23.7M 22.8M 22.4M 24.1M
Total Non Current Assets 2.8B 2.8B 2.7B 2.7B 2.6B
Total Assets 4.3B 4.4B 4.4B 4.2B 4.2B
Current Debt 13.6M 13.8M 13.2M 11.5M 41.6M
Current Debt And Capital Lease Obligation 72.8M 71.8M 70.2M 66.2M 94.7M
Accounts Payable 158.5M 172.0M 180.4M 161.9M 174.1M
Payables 171.2M 179.0M 185.7M 170.2M 182.4M
Payables And Accrued Expenses 549.4M 561.1M 582.5M 505.0M 543.1M
Current Accrued Expenses 378.2M 382.1M 396.8M 334.8M 360.7M
Current Deferred Revenue 219.6M 217.2M 243.7M 211.0M 197.6M
Other Current Liabilities 40.4M 57.7M 35.7M 23.6M 15.3M
Current Liabilities 882.1M 907.9M 932.0M 805.7M 850.8M
Long Term Debt 1.1B 1.2B 1.2B 1.3B 1.3B
Long Term Debt And Capital Lease Obligation 1.3B 1.4B 1.5B 1.5B 1.5B
Long Term Capital Lease Obligation 242.6M 248.7M 249.5M 232.4M 214.4M
Other Non Current Liabilities 99.2M 99.4M 127.4M 129.4M 127.3M
Total Non Current Liabilities Net Minority Interest 1.5B 1.7B 1.7B 1.8B 1.7B
Total Liabilities Net Minority Interest 2.4B 2.6B 2.7B 2.6B 2.6B
Common Stock 1.0B 1.0B 957.4M 955.2M 929.9M
Capital Stock 1.0B 1.0B 957.4M 955.2M 929.9M
Additional Paid In Capital 117.6M 111.3M 113.3M 107.2M 104.8M
Retained Earnings 260.4M 234.0M 189.4M 155.8M 165.5M
Gains Losses Not Affecting Retained Earnings -8.5M -10.6M -8.2M -12.4M -12.4M
Other Equity Adjustments -8.5M -10.6M -8.2M -12.4M -12.4M
Common Stock Equity 1.4B 1.3B 1.3B 1.2B 1.2B
Stockholders Equity 1.4B 1.3B 1.3B 1.2B 1.2B
Total Equity Gross Minority Interest 1.9B 1.8B 1.7B 1.7B 1.6B
Minority Interest 486.2M 472.2M 461.0M 453.0M 449.3M
Total Capitalization 2.4B 2.5B 2.5B 2.5B 2.4B
Net Tangible Assets -810.2M -851.6M -916.0M -919.4M -923.1M
Tangible Book Value -810.2M -851.6M -916.0M -919.4M -923.1M
Working Capital 621.6M 693.4M 690.8M 756.1M 708.6M
Invested Capital 2.5B 2.5B 2.5B 2.5B 2.5B
Total Debt 1.4B 1.5B 1.5B 1.6B 1.6B
Net Debt 928.3M 985.3M 1.0B 1.1B 1.1B
Share Issued 45.7M 45.7M 45.5M 45.4M 45.3M
Ordinary Shares Number 45.7M 45.7M 45.5M 45.4M 45.3M
Allowance For Doubtful Accounts Receivable -27.3M -26.1M -25.0M -23.3M -24.9M
Buildings And Improvements 4.6M -- -- -- 4.6M
Capital Lease Obligations 301.7M 306.8M 306.5M 287.1M 267.5M
Current Capital Lease Obligation 59.1M 58.0M 56.9M 54.6M 53.1M
Current Deferred Liabilities 219.6M 217.2M 243.7M 211.0M 197.6M
Finished Goods 30.3M 32.2M 34.8M 28.5M 20.5M
Gross Accounts Receivable 949.4M 984.7M 1.0B 969.7M 972.4M
Income Tax Payable 12.7M 7.1M 5.3M 8.3M 8.4M
Land And Improvements 25,000 -- -- -- 24,000
Leases 90.4M -- -- -- 83.3M
Machinery Furniture Equipment 696.0M -- -- -- 609.1M
Non Current Accounts Receivable 4.7M 5.2M 5.3M 4.8M 3.9M
Non Current Deferred Assets 5.0M 2.1M 2.1M 2.1M 2.1M
Non Current Deferred Liabilities 128.5M 126.2M 118.3M 111.3M 108.2M
Non Current Deferred Revenue 25.5M 25.4M 24.3M 23.3M 23.3M
Non Current Deferred Taxes Assets 5.0M 2.1M 2.1M 2.1M 2.1M
Non Current Deferred Taxes Liabilities 103.0M 100.8M 94.0M 88.0M 84.9M
Other Current Borrowings 13.6M 13.8M 13.2M 11.5M 41.6M
Other Properties 269.6M 561.8M 548.2M 518.6M 240.5M
Properties 0.00 -- -- -- 0.00
Raw Materials 44.2M 46.4M 50.4M 46.6M 45.3M
Restricted Cash 25.7M 25.6M 23.1M 23.1M 16.1M
Taxes Receivable 22.1M 17.1M 29.1M 10.3M 9.4M
Total Tax Payable 12.7M 7.1M 5.3M 8.3M 8.4M
Work In Process 199.7M 212.7M 206.0M 194.0M 213.8M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Operating Cash Flow 115.5M 126.4M 162.8M 41.2M 86.7M
Cash Flow From Continuing Operating Activities 115.5M 126.4M 162.8M 41.2M 86.7M
Depreciation And Amortization 48.8M 46.6M 45.6M 44.2M 47.8M
Depreciation Amortization Depletion 48.8M 46.6M 45.6M 44.2M 47.8M
Stock Based Compensation 6.6M 6.6M 6.6M 7.6M 5.7M
Deferred Tax 4.9M -830,000 -771,000 -819,000 -7.2M
Deferred Income Tax 4.9M -830,000 -771,000 -819,000 -7.2M
Change In Working Capital 28.2M 9.2M 51.4M -34.4M 16.7M
Changes In Account Receivables 39.8M 34.6M -24.8M 10.0M -22.3M
Change In Receivables 39.8M 34.6M -24.8M 10.0M -22.3M
Change In Inventory 16.7M 1.9M -20.0M 19.4M --
Change In Payables And Accrued Expense -5.7M -13.3M 56.6M -69.7M 15.2M
Change In Other Working Capital -12.2M -26.5M 33.7M 17.4M 34.7M
Change In Other Current Liabilities 5.8M 6.8M 4.6M 4.6M --
Other Non Cash Items -23.3M -6.1M 4.6M 10.6M -26.5M
Capital Expenditure -31.1M -33.7M -33.4M -29.6M -31.9M
Purchase Of PPE -31.1M -33.7M -33.4M -29.6M -31.9M
Net PPE Purchase And Sale -31.1M -33.7M -33.4M -29.6M -31.9M
Purchase Of Business -10.8M -44.5M -43.3M -8.6M -53.6M
Investing Cash Flow -42.2M -79.5M -78.3M -45.2M -86.9M
Cash Flow From Continuing Investing Activities -42.2M -79.5M -78.3M -45.2M -86.9M
Issuance Of Debt 36.3M 30.0M 19.7M 50.0M --
Repayment Of Debt -159.3M -66.9M -87.5M -37.0M --
Net Issuance Payments Of Debt -123.0M -36.9M -67.8M 13.0M 3.6M
Common Stock Dividend Paid -12.6M -12.5M -12.5M -11.3M -11.3M
Financing Cash Flow -137.6M -27.0M -99.3M 602,000 7.6M
Cash Flow From Continuing Financing Activities -137.6M -27.0M -99.3M 602,000 7.6M
Effect Of Exchange Rate Changes -1.1M 781,000 -678,000 -15,000 229,000
Changes In Cash -64.3M 19.9M -14.7M -3.4M 7.4M
Beginning Cash Position 245.5M 224.9M 240.3M 243.7M 236.0M
End Cash Position 180.1M 245.5M 224.9M 240.3M 243.7M
Free Cash Flow 84.4M 92.7M 129.5M 11.7M 54.8M
Amortization Cash Flow 20.2M 18.8M 19.7M 18.5M 22.3M
Amortization Of Intangibles 20.2M 18.8M 19.7M 18.5M 22.3M
Cash Dividends Paid -12.6M -12.5M -12.5M -11.3M -11.3M
Change In Prepaid Assets -16.2M 5.6M 1.3M -16.1M --
Depreciation 28.6M 27.8M 25.9M 25.7M 25.5M
Long Term Debt Issuance 36.3M 30.0M 19.7M 50.0M --
Long Term Debt Payments -159.3M -66.9M -87.5M -37.0M --
Net Business Purchase And Sale -10.8M -44.5M -43.3M -8.6M -53.6M
Net Income From Continuing Operations 50.3M 70.9M 55.4M 14.1M 50.2M
Net Long Term Debt Issuance -123.0M -36.9M -67.8M 13.0M 3.6M
Net Other Financing Charges -6.6M -13.3M -20.7M -21.2M -43.1M
Net Other Investing Changes -287,000 -1.4M -1.6M -7.0M -1.4M
Proceeds From Stock Option Exercised 4.4M 35.8M 1.7M 20.1M --
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