FirstService annual net debt
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FirstService Net Debt Growth & History (FSV)
FirstService's net debt was $1.23B for fiscal 2025.
View full FirstService company overviewFirstService annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.23B | −$108.7M | −8.12% |
| 2024 | 2024-12-31 | $1.34B | $109.3M | +8.89% |
| 2023 | 2023-12-31 | $1.23B | $413.4M | +50.66% |
| 2022 | 2022-12-31 | $815.9M | $158.4M | +24.09% |
| 2021 | 2021-12-31 | $657.5M | $88.1M | +15.47% |
| 2020 | 2020-12-31 | $569.4M | −$217.9M | −27.67% |
| 2019 | 2019-12-31 | $787.3M | $519.1M | +193.57% |
| 2018 | 2018-12-31 | $268.2M | $55.7M | +26.24% |
| 2017 | 2017-12-31 | $212.4M | $4.9M | +2.37% |
| 2016 | 2016-12-31 | $207.5M | $51.9M | +33.34% |
| 2015 | 2015-12-31 | $155.6M | $797,000 | +0.51% |
| 2014 | 2014-12-31 | $154.8M | — | — |
FirstService quarterly net debt
Q4.15
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.39B | $39.0M | +2.90% |
| Q1 2026 | 2026-03-31 | $1.17B | — | — |
| Q4 2025 | 2025-12-31 | $1.23B | −$108.7M | −8.12% |
| Q3 2025 | 2025-09-30 | $1.29B | — | — |
| Q2 2025 | 2025-06-30 | $1.35B | — | — |
| Q4 2024 | 2024-12-31 | $1.34B | $109.3M | +8.89% |
| Q4 2023 | 2023-12-31 | $1.23B | $413.4M | +50.66% |
| Q4 2022 | 2022-12-31 | $815.9M | $158.4M | +24.09% |
| Q4 2021 | 2021-12-31 | $657.5M | $88.1M | +15.47% |
| Q4 2020 | 2020-12-31 | $569.4M | −$217.9M | −27.67% |
| Q4 2019 | 2019-12-31 | $787.3M | $519.1M | +193.57% |
| Q4 2018 | 2018-12-31 | $268.2M | $55.7M | +26.24% |
| Q4 2017 | 2017-12-31 | $212.4M | $4.9M | +2.37% |
| Q4 2016 | 2016-12-31 | $207.5M | $51.9M | +33.34% |
| Q4 2015 | 2015-12-31 | $155.6M | — | — |
FirstService net debt trends
Over the last five fiscal years, FirstService's net debt increased from $569.4M to $1.23B, a change of $660.5M. The latest reported quarter, Q2 2026, shows $1.39B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review FirstService source filings ↗