Fiera Capital Corporation

Fiera Capital Corporation

FSZ.TO
Fiera Capital CorporationCA flagToronto Stock Exchange
5.33
CAD
+0.03
- -
568.30MMarket Cap
Fiera Capital Corporation
FSZ.TO
(Toronto Stock Exchange)

Recent

price

5.33

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.61
1.92
- -
2.62
3.24
3.69
4.53
5.58
5.71
6.57
6.62
7.11
6.49
6.49
6.32
6.21
6.15
Revenue per Share
0.22
0.24
- -
0.26
0.4
0.39
0.27
0.13
-0.05
-0.14
-0.03
0.71
0.25
0.56
0.23
0.36
0.19
Basic EPS, GAAP
0.25
0.18
- -
-0.24
0.88
0.8
0.67
0.82
0.98
1.2
1.21
1.49
1.06
1.3
1.22
1.19
1.23
Free Cash Flow per Basic Share
0.31
0.3
- -
0.39
0.46
0.54
0.65
0.71
0.78
0.84
0.82
0.84
0.86
0.86
0.85
0.53
0.54
Dividend per Share
0.15
3.81
- -
6.99
6.1
6.22
6.87
6.78
6.02
5.07
4.14
0.02
3.3
3.1
2.54
2.24
2.12
Book Value per Share
-0.05
-0.01
- -
-4.28
-3.34
-3.49
-5.31
-4.79
-5.57
-6.67
-4.94
-4.97
-5.51
-5.23
-5.31
-5.38
-5.58
Tangible Book Value per Share
16
37
- -
59
69
70
76
82
95
99
104
104
102
104
107
107
107
Basic Weighted Avg Shares
42
70
- -
154
222
258
344
459
540
651
689
738
665
676
676
666
658
Sales/Revenue/Turnover
13.98
26.88
- -
25.33
22.02
19.96
14.4
12.14
12.09
13.61
15.04
18.34
14.59
19.01
16.68
18.21
18.6
Operating Margin (%)
1
4
- -
20
27
29
46
45
49
78
82
68
58
54
49
48
47
Depreciation Expense
3
9
- -
15
27
28
21
11
-5
-13
-3
74
25
58
25
39
20
Net Income, GAAP
30.45
32.08
- -
33.6
17.94
20.88
18.57
27.95
- -
- -
78.99
22.48
24.31
22.85
29.43
24.98
34.5
Effective Tax Rate (%)
8.41
12.5
- -
9.72
12.36
10.69
6.04
2.32
-0.93
-2.06
-0.49
9.97
3.81
8.65
3.7
5.86
3.05
Profit Margin (%)
8
7
13
36
36
46
58
32
67
30
92
49
24
39
50
38
72
Working Capital
- -
- -
108
228
222
264
429
370
500
762
736
695
730
719
755
754
807
LT Debt
138
141
298
417
434
470
597
592
634
544
470
418
347
327
294
266
243
Total Equity
5.01
9.15
- -
4.87
6.16
5.84
4.57
4.04
- -
- -
1.7
8.86
6.55
9.09
7.41
8.64
7.42
Return on Invested Capital (%)
30.15
12.35
- -
3.78
5.95
5.5
3.89
2.36
- -
- -
-0.06
10.28
5.5
8.31
4.77
6.3
3.85
Return on Capital (%)
29.88
12.4
- -
4.24
6.64
6.48
4.34
1.98
-0.89
-2.51
-0.72
33.94
14.88
17.69
8.41
15.25
8.06
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8
9
10
LT Borrowings
712
699
755
LT Finance Leases
48
55
52
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
107
107
108
Market Capitalization
702
667
572

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
210
227
235
Cash, Cash Equivalents & STI
43
51
58
Accounts Receivable, Net
142
145
144
Inventories
- -
- -
- -
Total Current Liabilities
161
189
163
Payables & Accruals
122
136
123
ST Debt
8
9
10
Deferred Revenue
15
7
16

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.79%
-10.68%
-9.35%
Free Cash Flow
10.78%
2.38%
-2.34%
Net Income, GAAP
-233.97%
-442.42%
56.27%
Sales/Revenue/Turnover
10.8%
-0.52%
-1.45%
Total Cash Common Dividend
6%
-6.07%
-37.06%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
162
162
170
182
676
2025
160
161
166
179
666
2026
152
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.05
0.12
- -
0.23
2025
0.2
0.03
0.05
- -
0.36
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.43
0.21
- -
0.85
2025
- -
0.32
0.11
- -
0.53
2026
- -
- -
- -
- -
- -
Business
Fiera Capital Corporation (TSX: FSZ) operates as an independent global asset management firm that delivers customized multi-asset solutions across public and private market asset classes to institutional investors, financial intermediaries, and private wealth clients; its core offerings encompass equities including Canadian, global, U.S., emerging markets, and small- to mid-cap growth strategies such as the OAKS EM Select and Fiera Qatar Equity Fund; fixed income encompassing active and strategic products, global multi-sector approaches, term loans, and private debt; alternatives spanning real estate, infrastructure across equity and debt, private equity via Fiera Comox, agriculture, timberland, hedge funds, and natural capital investments; as well as asset allocation and sustainability-focused mandates integrating environmental, social, and governance factors. Founded in 2003 and headquartered in Montreal, Quebec, the firm manages approximately C$160.5 billion in assets under management as of June 30, 2025, with operations spanning North America including offices in Canada, the U.S. (New York, Boston, Los Angeles, San Francisco), Europe (UK, Switzerland, Zurich), Asia (Tokyo, key markets), and the Middle East (Abu Dhabi). Recent developments include the appointment of Maxime Ménard as Global President and Chief Executive Officer in May 2025, alongside Gabriel Castiglio as Global Chief Operating Officer and expansions in leadership such as Bruno Guilmette as Global Head of Infrastructure and the opening of a Tokyo office in October 2025; strategic partnerships like the Canadian Built Opportunities Platform with the United Brotherhood of Carpenters committing over C$800 million to infrastructure and real estate, a USD200 million equity strategy with QIA for Qatar equities launched in June 2025, and a $100 million seed investment for the OAKS EM Select Strategy in February 2025; private markets growth through Fiera Comox's acquisition of 6,650 acres of U.S. timberland in January 2025 and an 85% interest in a New Zealand forestry joint venture with Ngāi Tahu Holdings; financing deals such as C$60 million to Generate Upcycle for renewable natural gas and infrastructure debt expansions; plus a $600 million allocation from CDPQ in 2024 supporting international growth in fixed income and global equities, management acquisition of shares from Desjardins in June 2024, and launches including a U.S. small- to mid-cap strategy in Europe.