FSV vs. ZG: FirstService vs. Zillow Group Stock Comparison

July 23, 2026

How do FirstService (FSV) and Zillow Group (ZG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

FirstService (FSV) and Zillow Group (ZG) are both classified in the Real Estate Services sub-industry within the broader Real Estate Management & Development industry, placing them in the closest GICS peer bucket.

Company profile comparison for FirstService (FSV) and Zillow Group (ZG)
Profile Item	FSV	ZG
Name	FirstService Corporation	Zillow Group, Inc.
Country/Region	Canada	United States
GICS Sector	Real Estate	Real Estate
GICS Industry Group	Real Estate Management & Development	Real Estate Management & Development
GICS Industry	Real Estate Management & Development	Real Estate Management & Development
GICS Sub-Industry	Real Estate Services	Real Estate Services
Market Capitalization	6.59 billion USD	7.28 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	June 2, 2015	July 20, 2011
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FSV

GSPC

FirstService (FSV) vs. Zillow Group (ZG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for FirstService (FSV) and Zillow Group (ZG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for FirstService (FSV) and Zillow Group (ZG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for FirstService (FSV) and Zillow Group (ZG)
Metric	FSV	ZG
Total Return (1Y)	-19.68%	-57.43%
Total Return (3Y, Annualized)	-2.35%	-14.87%
Total Return (5Y, Annualized)	-4.37%	-22.36%

Risk Profile

Drawdown History

FSV

GSPC

FirstService (FSV) vs. Zillow Group (ZG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for FirstService (FSV) and Zillow Group (ZG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for FirstService (FSV) and Zillow Group (ZG)
Metric	FSV	ZG
Volatility (1Y, Annualized)	29.22%	45.45%
Beta (5Y)	0.93	1.96
Max Drawdown (5Y)	-44.07%	-76.15%
Avg. Volume (3M)	222.54K	1.23M

Risk-Adjusted Performance

Risk-Return Positioning

FSV and ZG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for FirstService (FSV) and Zillow Group (ZG)
Metric	FSV	ZG
Sharpe Ratio (1Y)	-0.81	-1.35
Sortino Ratio (1Y)	-1.11	-1.73

Profitability

ROE (TTM)

FirstService (FSV) at 11.24% sits in the top ROE quartile, while Zillow Group (ZG) at 1.33% is closer to the peer norm — stronger capital efficiency for FSV.

FSV

Real Estate Management & Development industry group

11.24%

Max: 22.48%
FSV: 11.24%
Q3: 11.19%
Median: 3.78%
Q1: 0.25%
Min: -13.61%

ZG

Real Estate Management & Development industry group

1.33%

Max: 22.48%
Q3: 11.19%
Median: 3.78%
ZG: 1.33%
Q1: 0.25%
Min: -13.61%

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their ROE against the Real Estate Management & Development industry group benchmark.

Net Margin (TTM)

Both FirstService (FSV) at 2.92% and Zillow Group (ZG) at 2.27% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

FSV

Real Estate Management & Development industry group

2.92%

Max: 21.64%
Q3: 9.49%
FSV: 2.92%
Median: 2.92%
Q1: 0.17%
Min: -0.35%

ZG

Real Estate Management & Development industry group

2.27%

Max: 21.64%
Q3: 9.49%
Median: 2.92%
ZG: 2.27%
Q1: 0.17%
Min: -0.35%

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their net margin against the Real Estate Management & Development industry group benchmark.

Operating Margin (TTM)

Both FirstService (FSV) at 3.66% and Zillow Group (ZG) at 5.09% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FSV

Real Estate Management & Development industry group

3.66%

Max: 18.35%
Q3: 5.09%
FSV: 3.66%
Median: 2.65%
Q1: -5.70%
Min: -21.67%

ZG

Real Estate Management & Development industry group

5.09%

Max: 18.35%
ZG: 5.09%
Q3: 5.09%
Median: 2.65%
Q1: -5.70%
Min: -21.67%

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their operating margin against the Real Estate Management & Development industry group benchmark.

Profitability Metrics

Profitability metrics for FirstService (FSV) and Zillow Group (ZG)
Metric	FSV	ZG
ROE (TTM)	11.24%	1.33%
ROA (TTM)	5.09%	0.15%
Net Margin (TTM)	2.92%	2.27%
Operating Margin (TTM)	3.66%	5.09%
Gross Margin (TTM)	33.57%	73.34%

Growth

Revenue Growth

Both FirstService (FSV) at 5.38% and Zillow Group (ZG) at 15.52% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: FirstService (FSV) reports EPS growth of 6.73%, ranked against its industry; Zillow Group (ZG) has no EPS growth figure this period.

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for FirstService (FSV) and Zillow Group (ZG)
Metric	FSV	ZG
Revenue Growth (YoY)	5.38%	15.52%
Revenue Growth (3Y CAGR)	13.64%	9.67%
EPS Growth (YoY)	6.73%	--
EPS Growth (3Y CAGR)	5.24%	--

Financial Strength

Current Ratio (MRQ)

Both FirstService (FSV) at 1.74 and Zillow Group (ZG) at 2.29 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FSV

Real Estate Management & Development industry group

1.74

Max: 5.67
Q3: 3.15
Median: 1.91
FSV: 1.74
Q1: 1.38
Min: 0.61

ZG

Real Estate Management & Development industry group

2.29

Max: 5.67
Q3: 3.15
ZG: 2.29
Median: 1.91
Q1: 1.38
Min: 0.61

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their current ratio against the Real Estate Management & Development industry group benchmark.

Debt / Equity (MRQ)

Zillow Group (ZG) at 0.10 keeps leverage in the lower industry quartile, while FirstService (FSV) at 0.72 runs a more typical debt-to-equity mix.

FSV

Real Estate Management & Development industry group

0.72

Max: 1.60
Q3: 0.89
FSV: 0.72
Median: 0.43
Q1: 0.20
Min: 0.10

ZG

Real Estate Management & Development industry group

0.10

Max: 1.60
Q3: 0.89
Median: 0.43
Q1: 0.20
ZG: 0.10
Min: 0.10

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their debt-to-equity ratio against the Real Estate Management & Development industry group benchmark.

Financial Strength Metrics

Financial strength metrics for FirstService (FSV) and Zillow Group (ZG)
Metric	FSV	ZG
Current Ratio (MRQ)	1.74	2.29
Debt / Equity (MRQ)	0.72	0.10
Net Debt / EBITDA	2.19	-3.24

Dividends

Dividend Yield (TTM)

Zillow Group (ZG) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile FirstService (FSV) reports a yield of 0.77%, ranking against industry peers normally.

FSV

Real Estate Management & Development industry group

0.77%

Max: 1.62%
FSV: 0.77%
Q3: 0.77%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ZG

Real Estate Management & Development industry group

0.00%

Max: 1.62%
Q3: 0.77%
ZG: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their dividend yield against the Real Estate Management & Development industry group benchmark.

Dividend Payout Ratio (TTM)

Zillow Group (ZG) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile FirstService (FSV) reports a payout of 31.83%, ranking against industry peers normally.

FSV

Real Estate Management & Development industry group

31.83%

Max: 43.71%
FSV: 31.83%
Q3: 31.09%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ZG

Real Estate Management & Development industry group

0.00%

Max: 43.71%
Q3: 31.09%
ZG: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their payout ratio against the Real Estate Management & Development industry group benchmark.

Dividend Metrics

Dividend metrics for FirstService (FSV) and Zillow Group (ZG)
Metric	FSV	ZG
Dividend Yield (TTM)	0.77%	0.00%
Dividend Payout Ratio (TTM)	31.83%	0.00%

Valuation

P/E Ratio (TTM)

Both FirstService (FSV) at 41.30 and Zillow Group (ZG) at 132.50 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

FSV

Real Estate Management & Development industry group

41.30

Max: 298.83
Q3: 132.60
FSV: 41.30
Median: 39.78
Q1: 18.37
Min: 4.76

ZG

Real Estate Management & Development industry group

132.50

Max: 298.83
Q3: 132.60
ZG: 132.50
Median: 39.78
Q1: 18.37
Min: 4.76

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their P/E ratio against the Real Estate Management & Development industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both FirstService (FSV) at 1.18 and Zillow Group (ZG) at 2.70 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

FSV

Real Estate Management & Development industry group

1.18

Max: 13.40
Q3: 6.71
Median: 1.59
FSV: 1.18
Q1: 0.87
Min: 0.00

ZG

Real Estate Management & Development industry group

2.70

Max: 13.40
Q3: 6.71
ZG: 2.70
Median: 1.59
Q1: 0.87
Min: 0.00

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their P/S ratio against the Real Estate Management & Development industry group benchmark.

P/B Ratio (MRQ)

Zillow Group (ZG) at 1.65 is valued about in line with its industry on P/B ratio, while FirstService (FSV) at 4.61 carries an above-peer premium to book — FSV is pricier on assets.

FSV

Real Estate Management & Development industry group

4.61

Max: 6.49
FSV: 4.61
Q3: 3.31
Median: 1.65
Q1: 1.02
Min: 0.43

ZG

Real Estate Management & Development industry group

1.65

Max: 6.49
Q3: 3.31
ZG: 1.65
Median: 1.65
Q1: 1.02
Min: 0.43

FirstService (FSV) vs. Zillow Group (ZG): A comparison of their P/B ratio against the Real Estate Management & Development industry group benchmark.

Valuation Metrics

Valuation metrics for FirstService (FSV) and Zillow Group (ZG)
Metric	FSV	ZG
P/E Ratio (TTM)	41.30	132.50
P/S Ratio (TTM)	1.18	2.70
P/B Ratio (MRQ)	4.61	1.65
Free Cash Flow Yield (TTM)	5.24%	3.92%