FirstService (FSV) Debt Ratio (2014 - 2026)

FirstService (FSV) recorded quarterly Debt Ratio of 0.25 in Q1 2026, down 3.67% on a QoQ basis from 0.26 in Q4 2025, and down 20.01% year-over-year from 0.31 in Q1 2025.

FirstService (FSV) Debt Ratio (2014 - 2026) Analysis & Trends

FirstService has disclosed Debt Ratio across 13 years of filings, most recently posting 0.25 for Q1 2026.

  • Quarterly Debt Ratio fell 20.01% year-over-year to 0.25 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.25 (down 20.01% YoY) and the FY2025 annual result came in at 0.26, down 14.62% from the prior year.
  • Debt Ratio retreated to 0.25 in Q1 2026, from 0.26 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.53 in Q1 2024 and troughed at 0.25 in Q1 2026.
  • A 5-year average of 0.36 and a median of 0.31 in 2025 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2023 — Debt Ratio jumped 80.45% — and 2025, when it sank 42.2%.
  • Tracing FSV's Debt Ratio over 5 years: stood at 0.26 in 2022, then grew by 24.3% to 0.32 in 2023, then slipped by 6.52% to 0.3 in 2024, then fell by 14.62% to 0.26 in 2025, then slipped by 3.67% to 0.25 in 2026.
  • Business Quant data shows FSV's Debt Ratio at 0.25 in Q1 2026, 0.26 in Q4 2025, and 0.28 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 IHS Holding 45.03 Bn 44.04 Bn 231.80 0.60
2 Cbre 38.54 Bn 37.33 Bn 1.85 Bn 0.17
3 Costar 14.00 Bn 12.72 Bn 701.00 Mn 0.10
4 Jones Lang Lasalle 13.85 Bn 13.53 Bn - 0.04
5 KE Holdings 7.04 Bn 4.80 Bn 661.06 Mn -
6 Compass 5.66 Bn 5.19 Bn 2.31 Bn 0.39
7 Opendoor Technologies 4.24 Bn 4.17 Bn 72.00 Mn 0.48
8 Cushman & Wakefield 3.11 Bn 2.51 Bn 420.70 Mn 0.36
9 Newmark 2.67 Bn 2.62 Bn - 0.16
10 FirstService 61.90 286.19 Mn 430.65 0.25

Historic Data

Download Data
DateValue
Mar 31, 2026 0.25
Dec 31, 2025 0.26
Sep 30, 2025 0.28
Jun 30, 2025 0.46
Mar 31, 2025 0.31
Dec 31, 2024 0.30
Sep 30, 2024 0.49
Jun 30, 2024 0.52
Mar 31, 2024 0.53
Dec 31, 2023 0.32
Sep 30, 2023 0.43
Jun 30, 2023 0.45
Mar 31, 2023 0.47
Dec 31, 2022 0.26
Sep 30, 2022 0.27
Jun 30, 2022 0.25
Mar 31, 2022 0.26
Dec 31, 2021 0.24
Sep 30, 2021 0.36
Jun 30, 2021 0.37