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FirstService Valuation Multiples
Discover revenue and EBITDA valuation multiples for FirstService and similar public comparables like Compass, FIBRA Prologis, Melisron, LEG Immobilien and more.
FirstService Overview
About FirstService
FirstService Corp is engaged in outsourcing property services. The company operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high and low-rise condominiums and co-operatives. FirstService Brands generates the majority of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
Founded
2014
HQ
Employees
31.0K
Website
Financials (LTM)
EV
$8B
FirstService Financials
FirstService reported last 12-month revenue of $6B and EBITDA of $570M.
In the same LTM period, FirstService generated $2B in gross profit, $570M in EBITDA, and $163M in net income.
Revenue (LTM)
FirstService P&L
In the most recent fiscal year, FirstService reported revenue of $5B and EBITDA of $563M.
FirstService expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $570M | XXX | $563M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $163M | XXX | $145M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $928M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
FirstService Stock Performance
FirstService has current market cap of $7B, and enterprise value of $8B.
Market Cap Evolution
FirstService's stock price is $150.28.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $7B | 0.0% | XXX | XXX | XXX | $3.15 |
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Start Free TrialFirstService Valuation Multiples
FirstService trades at 1.5x EV/Revenue multiple, and 14.3x EV/EBITDA.
EV / Revenue (LTM)
FirstService Financial Valuation Multiples
As of April 2, 2026, FirstService has market cap of $7B and EV of $8B.
Equity research analysts estimate FirstService's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
FirstService has a P/E ratio of 42.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 14.3x | XXX | 14.5x | XXX | XXX | XXX |
| EV/EBIT | 23.3x | XXX | 23.2x | XXX | XXX | XXX |
| EV/Gross Profit | 4.4x | XXX | 4.4x | XXX | XXX | XXX |
| P/E | 42.4x | XXX | 47.6x | XXX | XXX | XXX |
| EV/FCF | 27.2x | XXX | 25.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified FirstService Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
FirstService Margins & Growth Rates
FirstService's revenue in the last 12 month grew by 5%.
FirstService's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
FirstService's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
FirstService's rule of X is 22% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
FirstService Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 15% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 22% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
FirstService Public Comps
See public comps and valuation multiples for other Real Estate Services and Facilities Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Compass | XXX | XXX | XXX | XXX | XXX | XXX |
| FIBRA Prologis | XXX | XXX | XXX | XXX | XXX | XXX |
| Melisron | XXX | XXX | XXX | XXX | XXX | XXX |
| LEG Immobilien | XXX | XXX | XXX | XXX | XXX | XXX |
| Colliers International | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
FirstService M&A Activity
FirstService acquired XXX companies to date.
Last acquisition by FirstService was on XXXXXXXX, XXXXX. FirstService acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by FirstService
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFirstService Investment Activity
FirstService invested in XXX companies to date.
FirstService made its latest investment on XXXXXXXX, XXXXX. FirstService invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by FirstService
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout FirstService
| When was FirstService founded? | FirstService was founded in 2014. |
| Where is FirstService headquartered? | FirstService is headquartered in Canada. |
| How many employees does FirstService have? | As of today, FirstService has over 31K employees. |
| Who is the CEO of FirstService? | FirstService's CEO is D. Scott Patterson. |
| Is FirstService publicly listed? | Yes, FirstService is a public company listed on Nasdaq. |
| What is the stock symbol of FirstService? | FirstService trades under FSV ticker. |
| When did FirstService go public? | FirstService went public in 2015. |
| Who are competitors of FirstService? | FirstService main competitors are Compass, FIBRA Prologis, Melisron, LEG Immobilien. |
| What is the current market cap of FirstService? | FirstService's current market cap is $7B. |
| What is the current revenue of FirstService? | FirstService's last 12 months revenue is $6B. |
| What is the current revenue growth of FirstService? | FirstService revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of FirstService? | Current revenue multiple of FirstService is 1.5x. |
| Is FirstService profitable? | Yes, FirstService is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of FirstService? | FirstService's last 12 months EBITDA is $570M. |
| What is FirstService's EBITDA margin? | FirstService's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of FirstService? | Current EBITDA multiple of FirstService is 14.3x. |
| What is the current FCF of FirstService? | FirstService's last 12 months FCF is $299M. |
| What is FirstService's FCF margin? | FirstService's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of FirstService? | Current FCF multiple of FirstService is 27.2x. |
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