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 how leveraged is FirstService Corp's balance sheet to measure how much of total assets are equity-financed.

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. Check FirstService Corp (FSV) cash flow quality to evaluate the quality of earnings relative to operating cash generation.

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
Shanghai Commercial & Savings Bank Ltd TW:5876	0.092x
Ormat Technologies Inc NYSE:ORA	0.029x
Unicaja Banco SA MC:UNI	0.006x
Fibra UNO MX:FUNO11	0.011x
PGE Polska Grupa Energetyczna SA WAR:PGE	0.025x
Spyre Therapeutics Inc. NASDAQ:SYRE	-0.086x
Eagle Materials Inc NYSE:EXP	0.069x
Essential Properties Realty Trust Inc NYSE:EPRT	0.023x

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.

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

$6.64 Billion

CA$9.18 Billion CAD

Market Cap Rank

#2990 Global

#105 in Canada

Share Price

CA$200.78

Change (1 day)

+0.40%

52-Week Range

CA$171.21 - CA$288.17

All Time High

CA$288.17