FirstService presents strategy for 10% average annual revenue growth
FSV•FirstService outlined a target of 10% average annual revenue growth, split equally between organic growth and acquisitions. Third-quarter revenue rose to $1.53 billion, while net debt-to-EBITDA increased to 2.4 times and liquidity fell to $504 million.
1. Growth target
FirstService’s investor presentation outlined a target of 10% average annual revenue growth, split equally between organic growth and acquisitions.
2. Quarterly results and debt
Third-quarter 2026 revenue rose to $1.53 billion from $1.45 billion a year earlier. Adjusted EBITDA increased to $169.7 million from $164.8 million, while the margin narrowed to 11.1% from 11.4%. Net debt-to-EBITDA climbed to 2.4 times at September 30, 2026, from 1.6 times at December 31, 2025, and total liquidity fell to $504 million from $972 million.
