FirstService Corporation

NasdaqGS:FSV Stock Report

Market Cap: US$6.1b

FirstService Management

Management criteria checks 4/4

FirstService's CEO is D. Patterson, appointed in Sep 2003, has a tenure of 11.25 years. total yearly compensation is $7.80M, comprised of 11% salary and 89% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth $13.62M. The average tenure of the management team and the board of directors is 5.1 years and 9.6 years respectively.

Key information

D. Patterson

Chief executive officer

US$7.8m

Total compensation

CEO salary percentage10.99%
CEO tenure23yrs
CEO ownership0.2%
Management average tenure5.1yrs
Board average tenure9.6yrs

Recent management updates

Recent updates

Seeking Alpha • Aug 05

FirstService: A Leader In A Fragmented Industry

Summary FirstService Corporation remains North America's largest property manager, and the company has made some recent acquisitions to bolster its property services business. FSV's Q2 revenue growth lagged expectations even as the company delivered a bottom-line beat. Leverage remains under 2x EBITDA despite a $250M buyback, but profit and sales growth projections for 2026–2027 are slower than historical averages. An analysis around FirstService Corporation follows in the paragraphs below. Read the full article on Seeking Alpha
Seeking Alpha • Dec 19

FirstService: Brands Segment Offsets Residential Segment Weakness

Summary FirstService's Q3’24 results were strong, driven by 25% growth in restoration brands and the acquisition of Roofing Corp of America, despite challenges in the residential segment. The company expects Q4’24 revenue growth to exceed 20%, with annual consolidated revenue growth approaching 20% for FY’24, showing continued momentum and resilience. Risks include weather unpredictability affecting restoration services and regulatory challenges in the residential segment, but the company’s diversified business model mitigates these risks. FirstService's valuation at 23.0x EV/EBITDA is attractive given its strong EBITDA growth, making it a compelling investment with a solid balance sheet for future M&A. Read the full article on Seeking Alpha
Seeking Alpha • Jul 29

FirstService: Q2 Results Highlight Further Growth Ahead For This Compounder

Summary FirstService is a real estate services company specializing in property management and maintenance. The company reported positive Q2'24 results, with revenues up 15.9% and adjusted EBITDA up 11.9%. With dominant market positions in several industries operating recognizable brands with geographical reach, the company has a scale advantage that enables it to achieve both organic and inorganic growth. The recent acquisition of CitiScape enhances FirstService's property management presence in the West Coast market, while the acquisition of two roofing businesses in Florida solidifies its position in the Southeastern U.S. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has D. Patterson's remuneration changed compared to FirstService's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

US$161m

Mar 31 2026n/an/a

US$162m

Dec 31 2025US$8mUS$857k

US$145m

Sep 30 2025n/an/a

US$139m

Jun 30 2025n/an/a

US$142m

Mar 31 2025n/an/a

US$131m

Dec 31 2024US$7mUS$849k

US$134m

Sep 30 2024n/an/a

US$108m

Jun 30 2024n/an/a

US$80m

Mar 31 2024n/an/a

US$91m

Dec 31 2023US$7mUS$833k

US$100m

Sep 30 2023n/an/a

US$132m

Jun 30 2023n/an/a

US$134m

Mar 31 2023n/an/a

US$123m

Dec 31 2022US$4mUS$811k

US$121m

Sep 30 2022n/an/a

US$114m

Jun 30 2022n/an/a

US$125m

Mar 31 2022n/an/a

US$127m

Dec 31 2021US$8mUS$802k

US$135m

Sep 30 2021n/an/a

US$126m

Jun 30 2021n/an/a

US$113m

Mar 31 2021n/an/a

US$104m

Dec 31 2020US$6mUS$410k

US$87m

Sep 30 2020n/an/a

US$70m

Jun 30 2020n/an/a

US$58m

Mar 31 2020n/an/a

-US$249m

Dec 31 2019US$5mUS$614k

-US$252m

Compensation vs Market: D.'s total compensation ($USD7.80M) is about average for companies of similar size in the US market ($USD8.38M).

Compensation vs Earnings: D.'s compensation has been consistent with company performance over the past year.

CEO

D. Patterson (65 yo)

23yrs
Tenure
US$7,801,303
Compensation

Mr. D. Scott Patterson has been the Chief Executive Officer of FirstService Corporation since June 01, 2015 and serves as its President. Pre-spin-off, Mr. Patterson was the President and Chief Operating Of...

Leadership Team

NamePositionTenureCompensationOwnership
Jay Hennick
Founder & Independent Chairman of the Board11.3yrsUS$450.00k5.83%
$ 354.6m
D. Patterson
President23yrsUS$7.80m0.22%
$ 13.6m
Jeremy Rakusin
Chief Financial Officer11.3yrsUS$4.64m0.58%
$ 35.2m
Steve Carpenter
Senior Vice President of Technology4.7yrsUS$2.96mno data
Abel Escobar
Senior VP of Compliance and Risk Management & Corporate Secretary1.7yrsUS$2.47mno data
Angela Bai
Senior VP of Strategy & Corporate Developmentno dataUS$2.46m0.0068%
$ 416.3k
Sarah Alberts
Director of Marketing & Communications of FirstService Residential Ontariono datano datano data
Patrick Tran
Senior Vice President of Tax3.6yrsno datano data
David Diestel
Chief Executive Officer of FirstService Residential5.1yrsno datano data
5.1yrs
Average Tenure
55yo
Average Age

Experienced Management: FSV's management team is seasoned and experienced (5.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jay Hennick
Founder & Independent Chairman of the Board11.3yrsUS$450.00k5.83%
$ 354.6m
D. Patterson
President11.3yrsUS$7.80m0.22%
$ 13.6m
Frederick Reichheld
Independent Director11.3yrsUS$300.00k0.096%
$ 5.8m
Yousry Bissada
Independent Director4.4yrsUS$300.00k0.0015%
$ 93.1k
Steve Grimshaw
Independent Director5.3yrsUS$307.50k0.0035%
$ 213.6k
Elizabeth Carducci
Independent Director4.3yrsUS$300.00k0.0023%
$ 138.8k
Erin Wallace
Independent Director10.9yrsUS$307.50k0.036%
$ 2.2m
Joan Sproul
Independent Director8.3yrsUS$325.00k0.0044%
$ 270.2k
9.6yrs
Average Tenure
66yo
Average Age

Experienced Board: FSV's board of directors are considered experienced (9.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 11:10
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FirstService Corporation is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Will ChienAccountability Research Corporation
Stephen MacLeodBMO Capital Markets Equity Research
Erin KyleCIBC Capital Markets