| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 47 | 39.4x | 17.8x | Around median | |
Growth | 51 | 2.8% | 7.1% | Around median | |
Quality | 52 | 9.2% | 4.5% | Around median | |
Safety | 50 | 2.6x | 2.6x | Around median | |
Capital Return | 54 | 0.78% | 2.12% | Around median | |
Momentum | 20 | -27.8% | 2.9% | Bottom tier | |
Sentiment | 85 | 6 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
FirstService Corporation operates through two main divisions. FirstService Residential provides property and residential community management services, while FirstService Brands includes restoration operations through Paul Davis and First Onsite, roofing, fire protection through Century Fire, and home services through California Closets, CertaPro Painters, Floor Coverings International, and Pillar To Post; therefore, revenue is generated from a mix of property management and installation, maintenance, repair, restoration, and home services operations.
In Q2 fiscal 2026, consolidated revenue reached $1.45 billion, up 2% year over year, with only about half a percentage point coming from organic growth. Adjusted EBITDA reached $161.7 million, up 3%, with a consolidated margin of 11.2% that improved by 10 basis points, while adjusted earnings per share increased 2% to $1.75. During the first half of fiscal 2026, the company recorded revenue of $2.77 billion and adjusted EBITDA of $267 million, but the margin declined by 10 basis points to 9.7%.
FirstService Residential accounted for approximately $617 million of Q2 fiscal 2026 revenue, with reported growth of 4% and organic growth of 5%, and generated $69 million of EBITDA at a margin of 11.2%. FirstService Brands recorded revenue of $832 million and EBITDA of $96 million, both up 1%, with the margin declining by 10 basis points to 11.5%. Within this division, Century Fire growth exceeded 10%, while roofing operations declined 6% on a reported basis and 10% organically, and restoration and home services operations remained close to prior-year levels.
Automated analysis for informational purposes only — not investment advice.
The stock carries a consensus "Buy" rating with an average price target of $169.33, a high of $195, and a low of $140. The average target is below the 52-week high of $209.66 and above the low of $119.41, while the $55 target spread shows that analysts' valuations are influenced by the balance between the strength of Century Fire and FirstService Residential on one hand, and roofing weakness and uncertainty over the timing of restoration revenue on the other.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
The most consistent growth came from FirstService Residential, which increased Q2 fiscal 2026 revenue by 4% on a reported basis and 5% organically to $617 million. Century Fire delivered growth exceeding 10%, with high-single-digit organic growth and improved backlog. Management also expects the restoration operations to grow by approximately 5% in the second half of fiscal 2026 after winning several large-loss projects.
Roofing revenue in Q2 fiscal 2026 declined 6% on a reported basis and 10% organically because of market weakness, intense competition, and delays in large projects. Pressure is concentrated in Las Vegas and Southwest Florida, and more than 50% of the Las Vegas branch's activity is tied to new construction compared with approximately 30% on average across the portfolio. Management expects a slight reported decline and a mid-single-digit organic contraction in Q3 fiscal 2026.
Paul Davis and First Onsite rebuilt the backlog to a level management described as historically healthy by July 2026. The new projects include factories, warehouses, government buildings, large retail stores, and multifamily properties across North America, and are expected to convert into revenue over 12 to 18 months. However, scope determination, permitting, and insurance processes may delay revenue, so management does not expect a meaningful contribution from them in Q3 fiscal 2026.
Operating cash flow after working capital movements reached $130 million in Q2 fiscal 2026 and approximately $220 million in the first half. The company spent slightly more than $40 million on additional acquisitions during the quarter and repurchased more than 1.8 million shares during the first half at a cost of approximately $250 million. Following these purchases, leverage stood at 1.8 times, with available liquidity exceeding $800 million.
Management expects low-single-digit growth in revenue and adjusted EBITDA in Q3 fiscal 2026, close to Q2 performance. For full-year fiscal 2026, it expects revenue growth similar to or modestly better than the first half's 4% rate, with mid-single-digit growth in annual adjusted EBITDA. FirstService Brands growth is expected to be weighted toward Q4 because of the timing of converting the restoration backlog into revenue.
The analyst consensus is "Buy," with an average price target of $169.33. Estimates range from $140 to $195, while the 52-week range extends from $119.41 to $209.66. The average target is below the top of the 52-week range, consistent with the continuing risks from roofing weakness and the slow conversion of restoration projects into revenue despite the strength of Century Fire and FirstService Residential.
