FirstService Corporation (FSV) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.51B | 1.1B | 1.6B | 1.62B | 1.56B | 1.56B | 1.52B | 1.48B | 1.34B | 1.36B | 1.26B | 1.27B | 1.18B | 1.11B | 1.04B | 985.74M | 957.37M | 964.66M | 929.84M | 887.04M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 213.98M | 179.76M | 219.92M | 201.81M | 217.2M | 227.6M | 217.68M | 210.92M | 164.85M | 187.62M | 150.04M | 154.65M | 131.35M | 136.22M | 160.47M | 145.11M | 165.15M | 165.66M | 140.86M | 176.62M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 61.56 | 61.59 | 61.7 | 62.01 | 68.14 | 62.7 | 59.59 | 60.48 | 65.68 | 67.34 | 61.98 | 59.24 | 58.6 | 53.76 | 52.44 | 52.49 | 58.6 | 58.29 | 54.17 | 48.04 |
| Inventory | 0 | 0 | 291.4M | 291.2M | 269.04M | 279.63M | 287.08M | 259.82M | 243.91M | 246.19M | 264.6M | 244.93M | 260.48M | 242.34M | 223.83M | 190.82M | 169.22M | 161.39M | 172.5M | 159.77M |
| Days Inventory Outstanding | - | - | 27.9 | 27.25 | 29.34 | 28.6 | 26.86 | 26.57 | 28.28 | 31.93 | 30.98 | 30.49 | 32.31 | 31.06 | 28.85 | 25.66 | 25.84 | 26.57 | 26.38 | 25.89 |
| Other Current Assets | 416.09M | 0 | 114.34M | 117.56M | 118.84M | 95.18M | 32.79M | 91.97M | 19.25M | 76.15M | 49.9M | 48.3M | 42.25M | 44.02M | 45.02M | 54.89M | 34.26M | 35.45M | 36.83M | 43.37M |
| Total Non-Current Assets | 2.78B | 3.18B | 2.78B | 2.75B | 2.67B | 2.64B | 2.59B | 2.56B | 2.31B | 2.26B | 1.79B | 1.78B | 1.77B | 1.67B | 1.55B | 1.54B | 1.54B | 1.54B | 1.46B | 1.43B |
| Property, Plant & Equipment | 568.43M | 558.27M | 561.8M | 548.25M | 518.6M | 494.51M | 495.78M | 464.99M | 429.38M | 422.49M | 392.14M | 386.53M | 382.86M | 372.56M | 323.41M | 315.68M | 308.02M | 297.8M | 291.5M | 289.93M |
| Fixed Asset Turnover | 2.34x | 2.51x | 2.61x | 2.65x | 2.47x | 2.76x | 2.91x | 2.90x | 2.72x | 2.65x | 2.87x | 2.91x | 2.70x | 2.93x | 3.01x | 2.98x | 2.76x | 2.91x | 2.92x | 2.91x |
| Goodwill | 1.51B | 0 | 1.47B | 1.45B | 1.41B | 1.4B | 1.33B | 1.31B | 1.2B | 1.18B | 971.15M | 952.33M | 946.46M | 886.09M | 849.13M | 845.65M | 841.1M | 843.36M | 755.91M | 733.57M |
| Intangible Assets | 671.12M | 2.19B | 718.09M | 716.37M | 711.49M | 715.48M | 741.08M | 754.44M | 638.24M | 628.01M | 406.48M | 415.3M | 418.69M | 368.45M | 358.53M | 358.19M | 366.86M | 382.11M | 399.71M | 385.56M |
| Long-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 4.29B | 4.28B | 4.39B | 4.37B | 4.23B | 4.19B | 4.12B | 4.05B | 3.64B | 3.63B | 3.05B | 3.05B | 2.96B | 2.77B | 2.6B | 2.53B | 2.49B | 2.51B | 2.39B | 2.31B |
| Asset Turnover | 0.31x | 0.32x | 0.33x | 0.33x | 0.30x | 0.33x | 0.34x | 0.34x | 0.32x | 0.32x | 0.37x | 0.37x | 0.36x | 0.38x | 0.37x | 0.37x | 0.33x | 0.35x | 0.36x | 0.37x |
| Asset Growth % | 1.36% | 1.93% | 6.5% | 7.98% | 16.33% | 15.7% | 34.97% | 32.49% | 23.12% | 30.68% | 17.42% | 20.86% | 18.55% | 10.58% | 8.51% | 9.27% | 14.9% | 14.23% | 12.82% | 13.69% |
| Total Current Liabilities | 866.64M | 880.54M | 907.94M | 931.98M | 805.71M | 850.77M | 840.91M | 849.74M | 728.36M | 770.77M | 683.57M | 711.06M | 646.63M | 636.99M | 588.9M | 601.08M | 560.86M | 618.47M | 630.05M | 599.93M |
| Accounts Payable | 174.18M | 547.07M | 171.97M | 180.37M | 161.9M | 174.07M | 172.61M | 155.91M | 133.48M | 143.35M | 104.85M | 105.14M | 111.78M | 115.99M | 100.8M | 96.28M | 92.81M | 100.13M | 118.28M | 94.76M |
| Days Payables Outstanding | 36.61 | 32.2 | 16.88 | 16.65 | 17.97 | 17.5 | 16.14 | 15.27 | 15.97 | 15.51 | 12.77 | 13.09 | 14.64 | 14.45 | 13.71 | 13.48 | 15.08 | 17.38 | 16.92 | 15.35 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 397.2M | 260.72M | 57.75M | 35.67M | 23.59M | 15.31M | 224.63M | 34.84M | 29.86M | 31.6M | 194.92M | 206.83M | 187.12M | 160.26M | 139.26M | 147.82M | 130.32M | 10.04M | 134.92M | 141.3M |
| Current Ratio | 1.74x | 1.25x | 1.76x | 1.74x | 1.94x | 1.83x | 1.81x | 1.74x | 1.84x | 1.77x | 1.84x | 1.79x | 1.83x | 1.74x | 1.77x | 1.64x | 1.71x | 1.56x | 1.48x | 1.48x |
| Quick Ratio | 1.74x | 1.25x | 1.44x | 1.43x | 1.60x | 1.50x | 1.47x | 1.44x | 1.50x | 1.45x | 1.45x | 1.45x | 1.43x | 1.36x | 1.39x | 1.32x | 1.41x | 1.30x | 1.20x | 1.21x |
| Cash Conversion Cycle | - | - | 72.73 | 72.61 | 79.51 | 73.8 | 70.32 | 71.79 | 77.98 | 83.76 | 80.19 | 76.64 | 76.28 | 70.38 | 67.58 | 64.68 | 69.36 | 67.48 | 63.64 | 58.57 |
| Total Non-Current Liabilities | 1.52B | 1.54B | 1.67B | 1.72B | 1.77B | 1.71B | 1.7B | 1.7B | 1.53B | 1.5B | 1.08B | 1.1B | 1.12B | 996.63M | 926.6M | 867.93M | 892.23M | 871.69M | 783.42M | 787.8M |
| Long-Term Debt | 1.04B | 1.31B | 1.19B | 1.23B | 1.3B | 1.26B | 1.23B | 1.29B | 1.2B | 1.14B | 742.33M | 773.11M | 792.89M | 698.8M | 673.46M | 613.45M | 638.23M | 595.37M | 503.97M | 509.44M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 2.39B | 2.42B | 2.57B | 2.66B | 2.58B | 2.56B | 2.54B | 2.55B | 2.26B | 2.27B | 1.77B | 1.81B | 1.77B | 1.63B | 1.52B | 1.47B | 1.45B | 1.49B | 1.41B | 1.39B |
| Total Debt | 1.37B | 1.62B | 1.51B | 1.55B | 1.6B | 1.57B | 1.57B | 1.58B | 1.47B | 1.42B | 1.02B | 1.05B | 1.06B | 952.16M | 896.15M | 832.77M | 853.82M | 823.19M | 733.27M | 740.27M |
| Net Debt | 1.15B | 1.44B | 1.29B | 1.35B | 1.38B | 1.34B | 1.35B | 1.37B | 1.3B | 1.23B | 866.75M | 891.23M | 931.37M | 815.95M | 735.67M | 687.66M | 688.67M | 657.52M | 592.41M | 563.65M |
| Debt / Equity | 0.72x | 0.87x | 0.83x | 0.90x | 0.96x | 0.96x | 1.00x | 1.05x | 1.06x | 1.04x | 0.79x | 0.84x | 0.90x | 0.83x | 0.83x | 0.79x | 0.82x | 0.81x | 0.75x | 0.80x |
| Debt / EBITDA | 14.20x | 12.21x | 9.32x | 10.84x | 19.16x | 11.40x | 9.37x | 12.80x | 19.58x | 17.29x | 9.53x | 9.39x | 14.59x | 9.73x | 10.00x | 9.60x | 15.54x | 11.29x | 8.58x | 8.70x |
| Net Debt / EBITDA | 11.98x | 10.86x | 7.96x | 9.43x | 16.55x | 9.74x | 8.07x | 11.08x | 17.38x | 15.00x | 8.12x | 8.00x | 12.79x | 8.34x | 8.21x | 7.93x | 12.53x | 9.01x | 6.93x | 6.63x |
| Interest Coverage | 3.12x | 5.02x | 6.42x | 5.48x | 2.04x | 4.28x | 5.70x | 4.09x | 2.10x | 3.79x | 6.21x | 7.24x | 3.88x | 7.55x | 9.16x | 11.80x | 6.78x | 13.22x | 19.12x | 15.68x |
| Total Equity | 1.91B | 1.86B | 1.81B | 1.71B | 1.66B | 1.64B | 1.58B | 1.5B | 1.39B | 1.36B | 1.28B | 1.24B | 1.19B | 1.14B | 1.08B | 1.06B | 1.04B | 1.02B | 980.91M | 924.72M |
| Equity Growth % | 14.94% | 13.75% | 14.99% | 14.41% | 19.51% | 20.63% | 22.77% | 20.66% | 16.94% | 18.95% | 18.54% | 17.28% | 14.01% | 11.98% | 10.37% | 14.4% | 18.34% | 19.38% | 20.06% | 20.89% |
| Book Value per Share | 41.53 | 40.63 | 39.45 | 37.52 | 36.37 | 36.15 | 34.75 | 33.19 | 30.77 | 30.24 | 28.61 | 27.69 | 26.58 | 25.64 | 24.33 | 23.78 | 23.39 | 22.86 | 22.06 | 20.84 |
| Total Shareholders' Equity | 1.43B | 1.38B | 1.34B | 1.25B | 1.21B | 1.19B | 1.15B | 1.08B | 1.05B | 1.02B | 1.02B | 988.39M | 942.21M | 907.47M | 871.79M | 848.39M | 822.27M | 799.72M | 768.1M | 723.5M |
| Common Stock | 1.06B | 1.01B | 1B | 957.41M | 955.2M | 929.91M | 906.65M | 892.88M | 887.85M | 855.82M | 850.45M | 845.58M | 840.42M | 813.03M | 811.82M | 810.17M | 810.13M | 797.43M | 791.49M | 783.43M |
| Retained Earnings | 266.36M | 260.4M | 233.97M | 189.38M | 155.78M | 165.47M | 145.6M | 96.35M | 72.5M | 77.48M | 81.28M | 58.66M | 23.31M | 17.35M | -11.94M | -37.17M | -62.79M | -67.92M | -90.9M | -128.49M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -10M | -8.52M | -10.58M | -8.23M | -12.45M | -12.43M | -6.21M | -7.45M | -6.51M | -4.37M | -6.03M | -4.43M | -5.87M | -5.92M | -7.33M | -61K | 3.53M | 1.97M | 1.55M | 4.44M |
| Minority Interest | 477.61M | 485.31M | 472.17M | 461M | 453.04M | 449.34M | 427M | 415.56M | 339.01M | 332.96M | 266.11M | 252.34M | 244.68M | 233.43M | 210.82M | 209.53M | 218.74M | 219.13M | 212.81M | 201.23M |