FirstService Corp Tangible Net Worth Ratio
FirstService Corp tangible net worth ratio. FirstService Corp (FSV) has a Tangible Net Worth Ratio of -59.8% as of December 2025. This metric is calculated by deducting intangible assets (CA$2.19 Billion) from net assets (CA$1.37 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore FirstService Corp (FSV) equity growth momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of FirstService Corp (2009–2025)
Tangible net worth ratio of FirstService Corp from 2009 to 2025. This chart shows how FirstService Corp's Tangible Net Worth Ratio has changed across 17 annual periods from 2009 to 2025. As of December 2025, the ratio stands at -59.8%, reflecting net assets of CA$1.37 Billion with intangible assets of CA$2.19 Billion CAD. Check FSV strategic asset allocation to assess the company's strategic physical and investment asset allocation.
FirstService Corp Tangible Net Worth Ratio by Year (2009–2025)
FirstService Corp tangible net worth ratio by year from 2009 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for FirstService Corp from 2009 to 2025, covering 17 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see FirstService Corp market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -59.8% | CA$1.37 Billion | CA$2.19 Billion | CA$4.28 Billion | ▼ -116.1 pp |
| 2024 | 56.3% | CA$1.64 Billion | CA$715.48 Million | CA$4.19 Billion | ▲ +2.6 pp |
| 2023 | 53.7% | CA$1.36 Billion | CA$628.01 Million | CA$3.63 Billion | ▼ -14.0 pp |
| 2022 | 67.7% | CA$1.14 Billion | CA$368.45 Million | CA$2.77 Billion | ▲ +5.2 pp |
| 2021 | 62.5% | CA$1.02 Billion | CA$382.11 Million | CA$2.51 Billion | ▲ +6.9 pp |
| 2020 | 55.6% | CA$853.43 Million | CA$378.76 Million | CA$2.20 Billion | ▲ +16.6 pp |
| 2019 | 39.0% | CA$600.55 Million | CA$366.22 Million | CA$1.95 Billion | ▲ +2.0 pp |
| 2018 | 37.0% | CA$236.23 Million | CA$148.80 Million | CA$1.01 Billion | ▲ +2.9 pp |
| 2017 | 34.1% | CA$203.23 Million | CA$133.84 Million | CA$837.73 Million | ▲ +1.0 pp |
| 2016 | 33.1% | CA$181.03 Million | CA$121.11 Million | CA$770.96 Million | ▼ -19.3 pp |
| 2015 | 52.4% | CA$167.03 Million | CA$79.48 Million | CA$600.48 Million | ▼ -13.0 pp |
| 2014 | 65.4% | CA$239.68 Million | CA$82.88 Million | CA$615.54 Million | ▲ +3.0 pp |
| 2013 | 62.4% | CA$471.12 Million | CA$177.18 Million | CA$1.44 Billion | ▲ +7.8 pp |
| 2012 | 54.6% | CA$391.90 Million | CA$177.95 Million | CA$1.32 Billion | ▲ +3.7 pp |
| 2011 | 50.9% | CA$385.02 Million | CA$188.91 Million | CA$1.23 Billion | ▲ +2.6 pp |
| 2010 | 48.3% | CA$373.61 Million | CA$193.19 Million | CA$1.13 Billion | ▼ -1.9 pp |
| 2009 | 50.2% | CA$330.20 Million | CA$164.59 Million | CA$1.01 Billion | — |