BrightView Holdings, Inc. BV

Agriculture SIC 0700 - Agricultural Services NYSE

BrightView Holdings, Inc. is a holding company that conducts substantially all of its activity through its direct, wholly-owned operating subsidiary, BrightView Landscapes, LLC ("BrightView Landscapes") and its consolidated subsidiaries. The holding company and BrightView Landscapes are collectively referred to in this Form 10-K (the "Annual Report") as "we," "us," "our," "ourselves," "Company," or "BrightView."

We are the largest provider of commercial landscaping services in the United States, with revenues approximately 4 times those of our next largest commercial landscaping competitor. We provide commercial landscaping services, ranging from landscape maintenance and enhancements to tree care and landscape development. We operate through a differentiated and integrated national service model which systematically delivers services at the local level by combining our network of over 265 branches with a qualified service partner network. Our branch delivery model underpins our position as a single-source end-to-end landscaping solution provider to our diverse customer base at the national, regional and local levels, which we believe represents a significant competitive advantage. We believe our commercial customer base understands the financial and reputational risk associated with inadequate landscape maintenance and considers our services to be essential and non-discretionary.

Last close 11.36 2026-09-04
Market cap $1.05B 2026-06-30 share count
52-week range 10.42 - 15.00

Valuation FY2025 figures against the last close

P/S0.4x
P/E87.4x
P/FCF28.0x
EV/EBITDA6.4x
Dividend yield
Diluted EPS0.13

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.67B$2.77B$2.82B$2.77B$2.55B$2.35B$2.40B$2.35B$2.19B
Cost of revenue $2.05B$2.12B$2.14B$2.10B$1.90B$1.75B$1.77B$1.73B$1.58B
Gross profit $621.7M$645.6M$678.9M$674.8M$650.8M$595.3M$638.2M$626.1M$607.2M
SG&A $457.8M$496.5M$533.4M$534.9M$508.0M$527.4M$452.2M$481.2M$468.0M
Operating income $134.6M$156.9M$101.0M$88.4M$90.5M$12.1M$129.7M$40.0M$7.6M
Interest expense $53.7M$62.4M$97.4M$53.3M$42.3M$64.6M$72.5M$97.8M$94.7M
Pre-tax income $81.3M$96.5M-$3.1M$19.6M$50.9M-$51.2M$57.2M-$81.3M-$84.9M
Income tax $25.3M$30.1M$4.6M$5.6M$4.6M$9.6M$12.8M$66.2M$32.5M
Net income $56.0M$66.4M-$7.7M$14.0M$46.3M-$41.6M$44.4M-$15.1M-$52.4M
EPS, basic 0.130.21-0.120.140.44-0.400.43-0.18
EPS, diluted 0.130.20-0.120.140.44-0.400.43-0.18-0.67
Shares, diluted (wtd. avg.) $96.5M$96.1M$93.4M$98.2M$105.7M$103.7M$103.4M$83.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $74.5M$140.4M$67.0M$20.1M$123.7M$157.1M$39.1M$35.2M$12.8M$68.0M
Receivables $393.1M$415.2M$442.3M$397.6M$378.9M$319.2M$333.7M$317.1M$330.2M
Inventory $6.5M$26.5M$23.8M$25.0M
Total current assets $666.3M$780.1M$742.1M$677.1M$710.8M$633.1M$551.4M$531.2M$502.5M
Property, plant and equipment $541.6M$391.9M$315.2M$328.3M$264.4M$251.5M$272.4M$256.8M$245.5M
Goodwill $2.02B$2.02B$2.02B$2.01B$1.95B$1.86B$1.81B$1.77B$1.70B$1.67B
Other intangibles $66.5M$95.8M$132.3M$174.3M$197.6M$221.3M$251.5M$290.5M$371.3M
Total assets $3.39B$3.39B$3.35B$3.31B$3.24B$3.07B$2.93B$2.89B$2.86B
Accounts payable $137.7M$144.1M$136.2M$151.2M$144.4M$116.8M$99.8M$93.6M$76.1M
Short-term debt $0$0$0$12.0M$10.4M$12.3M$10.4M$13.0M$14.6M
Total current liabilities $514.5M$543.3M$466.7M$488.4M$496.1M$450.1M$332.7M$331.5M$342.1M
Long-term debt $790.2M$802.5M$888.1M$1.33B$1.13B$1.13B$1.13B$1.14B$1.57B
Total liabilities $1.59B$1.61B$1.61B$2.09B$1.89B$1.80B$1.64B$1.66B$2.16B
Retained earnings -$12.9M-$68.9M-$135.3M-$127.6M-$141.6M-$187.9M-$146.3M-$189.6M-$178.0M
Total equity $1.29B$1.28B$1.24B$1.22B$1.34B$1.27B$1.28B$1.23B$696.2M$705.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $291.8M$205.6M$129.9M$106.9M$148.4M$245.1M$169.7M$180.4M$111.9M
Depreciation and amortisation $142.2M$108.4M$105.2M$98.9M$84.7M$80.5M$80.1M$75.3M$79.3M
Stock-based compensation $18.2M$20.2M$22.1M$18.9M$19.7M$23.6M$15.7M$28.8M$2.8M
Capital expenditure $254.2M$78.4M$71.3M$107.3M$61.2M$52.7M$89.9M$86.4M$75.6M
Investing cash flow -$223.9M-$5.6M-$61.4M-$193.7M-$158.7M-$108.8M-$145.5M-$179.3M-$69.5M
Financing cash flow -$133.8M-$126.6M-$21.6M-$16.8M-$23.1M-$18.3M-$20.3M$21.3M-$46.4M
Buybacks $24.2M$3.1M$2.2M$163.8M$1.9M$1.5M$1.2M$2.9M$30.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-288109.

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