FirstService Corp (FSV) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.089x

Based on the latest financial reports, FirstService Corp (FSV) has a cash flow conversion efficiency ratio of 0.089x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$121.42 Million ≈ $87.83 Million USD) by net assets (CA$1.37 Billion ≈ $989.74 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See FirstService Corp (FSV) liquidity interval to measure how many days the company can operate on defensive assets alone.

FirstService Corp - Cash Flow Conversion Efficiency Trend (2009–2025)

This chart illustrates how FirstService Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data.

FirstService Corp Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of FirstService Corp ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
KION GROUP AG ADRS/1/4 F:KGX1	0.037x
Tencent Music Entertainment Group F:63TA	0.029x
Shenzhen Sunlord Electronics Co Ltd SHE:002138	0.053x
Rayonier Inc NYSE:RYN	0.116x
Shenghe Resources Holding Co Ltd SHG:600392	0.024x
The Hanover Insurance Group Inc NYSE:THG	0.033x
TPG Inc NASDAQ:TPG	0.047x
Apar Industries Limited NSE:APARINDS	0.031x

Annual Cash Flow Conversion Efficiency for FirstService Corp (2009–2025)

The table below shows the annual cash flow conversion efficiency of FirstService Corp from 2009 to 2025. For the full company profile with market capitalisation and key ratios, see FSV market cap overview.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	CA$1.37 Billion ≈ $989.74 Million	CA$453.75 Million ≈ $328.23 Million	0.332x	+90.05%
2024-12-31	CA$1.64 Billion ≈ $1.18 Billion	CA$285.67 Million ≈ $206.65 Million	0.175x	-17.05%
2023-12-31	CA$1.36 Billion ≈ $981.71 Million	CA$285.50 Million ≈ $206.53 Million	0.210x	+126.66%
2022-12-31	CA$1.14 Billion ≈ $825.31 Million	CA$105.89 Million ≈ $76.60 Million	0.093x	-43.46%
2021-12-31	CA$1.02 Billion ≈ $737.03 Million	CA$167.27 Million ≈ $121.00 Million	0.164x	-51.98%
2020-12-31	CA$853.43 Million ≈ $617.36 Million	CA$291.76 Million ≈ $211.06 Million	0.342x	+90.44%
2019-12-31	CA$600.55 Million ≈ $434.43 Million	CA$107.81 Million ≈ $77.99 Million	0.180x	-57.36%
2018-12-31	CA$236.23 Million ≈ $170.88 Million	CA$99.46 Million ≈ $71.95 Million	0.421x	-26.00%
2017-12-31	CA$203.23 Million ≈ $147.02 Million	CA$115.64 Million ≈ $83.65 Million	0.569x	-5.51%
2016-12-31	CA$181.03 Million ≈ $130.95 Million	CA$109.00 Million ≈ $78.85 Million	0.602x	+15.48%
2015-12-31	CA$167.03 Million ≈ $120.82 Million	CA$87.09 Million ≈ $63.00 Million	0.521x	+176.62%
2014-12-31	CA$239.68 Million ≈ $173.38 Million	CA$45.18 Million ≈ $32.68 Million	0.188x	-23.63%
2013-12-31	CA$471.12 Million ≈ $340.80 Million	CA$116.28 Million ≈ $84.11 Million	0.247x	-6.08%
2012-12-31	CA$391.90 Million ≈ $283.50 Million	CA$102.99 Million ≈ $74.50 Million	0.263x	+26.14%
2011-12-31	CA$385.02 Million ≈ $278.52 Million	CA$80.21 Million ≈ $58.03 Million	0.208x	-32.35%
2010-12-31	CA$373.61 Million ≈ $270.26 Million	CA$115.05 Million ≈ $83.23 Million	0.308x	+25.46%
2009-12-31	CA$330.20 Million ≈ $238.86 Million	CA$81.05 Million ≈ $58.63 Million	0.245x	--

About FirstService Corp

TO:FSV Canada Real Estate Services

Market Cap

$6.62 Billion

CA$9.15 Billion CAD

Market Cap Rank

#3003 Global

#97 in Canada

Share Price

CA$200.25

Change (1 day)

+1.38%

52-Week Range

CA$171.21 - CA$288.17

All Time High

CA$288.17