Brightview Holdings Financials
This page shows Brightview Holdings (BV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
BrightView’s core mechanic is strong operating cash generation, but cash left after reinvestment swings sharply with capex intensity.
In FY2025, operating cash flow climbed to$291.8M from$205.6M even though revenue fell, which means collections and non-cash add-backs strengthened faster than reported earnings suggest. But free cash flow shrank to$37.6M as capital spending reached$254.2M , so the year looked cash-rich before reinvestment and cash-thin after it.
The recent earnings improvement looks more like overhead repair than better gross economics, because gross margin eased to
Leverage has been reduced, with long-term debt down to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Brightview Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Brightview Holdings has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is down from 5.7% the prior year.
Brightview Holdings's revenue declined 3.4% year-over-year, from $2.8B to $2.7B. This contraction results in a growth score of 29/100.
Brightview Holdings carries a low D/E ratio of 0.61, meaning only $0.61 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Brightview Holdings's current ratio of 1.29 is below the typical benchmark, resulting in a score of 21/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Brightview Holdings generated $291.8M in operating cash flow, capex of $254.2M consumed most of it, leaving $37.6M in free cash flow. This results in a low score of 31/100, reflecting heavy capital investment rather than weak cash generation.
Brightview Holdings generates a 4.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is down from 5.2% the prior year.
Brightview Holdings scores 1.42, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Brightview Holdings passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Brightview Holdings generates $5.21 in operating cash flow ($291.8M OCF vs $56.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Brightview Holdings earns $2.5 in operating income for every $1 of interest expense ($134.6M vs $53.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Brightview Holdings generated $2.7B in revenue in fiscal year 2025. This represents a decrease of 3.4% from the prior year.
Brightview Holdings's EBITDA was $354.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.5% from the prior year.
Brightview Holdings reported $56.0M in net income in fiscal year 2025. This represents a decrease of 15.7% from the prior year.
Brightview Holdings earned $0.13 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 35.0% from the prior year.
Cash & Balance Sheet
Brightview Holdings generated $37.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 70.4% from the prior year.
Brightview Holdings held $74.5M in cash against $790.2M in long-term debt as of fiscal year 2025.
Brightview Holdings had 95M shares outstanding in fiscal year 2025. This represents a decrease of 0.3% from the prior year.
Margins & Returns
Brightview Holdings's gross margin was 23.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Brightview Holdings's operating margin was 5.0% in fiscal year 2025, reflecting core business profitability. This is down 0.6 percentage points from the prior year.
Brightview Holdings's net profit margin was 2.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.
Brightview Holdings's ROE was 4.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.
Capital Allocation
Brightview Holdings spent $24.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 680.6% from the prior year.
Brightview Holdings invested $254.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 224.2% from the prior year.
BV Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $702.9M+14.3% | $614.7M-12.5% | $702.7M-0.8% | $708.3M+6.9% | $662.6M+10.6% | $599.2M-17.8% | $728.7M-1.4% | $738.8M |
| Cost of Revenue | $565.2M+12.9% | $500.4M-4.9% | $526.2M-2.1% | $537.4M+4.3% | $515.1M+9.0% | $472.4M-13.6% | $546.5M-2.6% | $561.2M |
| Gross Profit | $137.7M+20.5% | $114.3M-35.2% | $176.5M+3.3% | $170.9M+15.9% | $147.5M+16.3% | $126.8M-30.4% | $182.2M+2.6% | $177.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $116.3M+1.0% | $115.2M+0.9% | $114.2M+7.5% | $106.2M-10.1% | $118.1M-1.0% | $119.3M-1.8% | $121.5M+1.2% | $120.1M |
| Operating Income | $16.1M+326.8% | -$7.1M-112.8% | $55.3M-4.0% | $57.6M+158.3% | $22.3M+3816.7% | -$600K-101.2% | $51.9M+5.9% | $49.0M |
| Interest Expense | $13.7M+1.5% | $13.5M+1.5% | $13.3M-0.7% | $13.4M+4.7% | $12.8M-9.9% | $14.2M0.0% | $14.2M-6.0% | $15.1M |
| Income Tax | $600K+111.5% | -$5.2M-135.6% | $14.6M+15.9% | $12.6M+447.8% | $2.3M+154.8% | -$4.2M-133.3% | $12.6M+27.3% | $9.9M |
| Net Income | $1.7M+111.2% | -$15.2M-154.9% | $27.7M-14.2% | $32.3M+404.7% | $6.4M+161.5% | -$10.4M-140.6% | $25.6M+8.9% | $23.5M |
| EPS (Diluted) | $-0.08+69.2% | $-0.26 | N/A | $0.15+600.0% | $-0.03+85.0% | $-0.20 | N/A | $0.10 |
BV Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.4B+1.7% | $3.3B-2.2% | $3.4B+1.0% | $3.4B+1.0% | $3.3B+0.5% | $3.3B-2.5% | $3.4B+0.9% | $3.4B |
| Current Assets | $629.6M+5.1% | $598.8M-10.1% | $666.3M+0.2% | $665.3M-7.0% | $715.5M+4.3% | $686.0M-12.1% | $780.1M+2.6% | $760.1M |
| Cash & Equivalents | $10.1M-72.7% | $37.0M-50.3% | $74.5M-5.8% | $79.1M-44.0% | $141.3M+43.7% | $98.3M-30.0% | $140.4M+21.1% | $115.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $432.0M+17.5% | $367.7M-6.5% | $393.1M-0.8% | $396.2M+0.3% | $394.9M+1.3% | $390.0M-6.1% | $415.2M-7.0% | $446.4M |
| Goodwill | $2.0B0.0% | $2.0B0.0% | $2.0B0.0% | $2.0B0.0% | $2.0B0.0% | $2.0B0.0% | $2.0B0.0% | $2.0B |
| Total Liabilities | $1.6B+4.5% | $1.6B-2.3% | $1.6B+1.4% | $1.6B+0.9% | $1.6B+1.4% | $1.5B-4.6% | $1.6B+1.1% | $1.6B |
| Current Liabilities | $512.4M+7.8% | $475.5M-7.6% | $514.5M+1.0% | $509.3M+0.9% | $504.8M+5.3% | $479.3M-11.8% | $543.3M+3.6% | $524.6M |
| Long-Term Debt | $823.9M+2.8% | $801.1M+1.4% | $790.2M-0.1% | $790.7M-1.0% | $798.9M+0.3% | $796.5M-0.7% | $802.5M-0.6% | $807.0M |
| Total Equity | $1.2B-1.1% | $1.3B-3.0% | $1.3B+1.0% | $1.3B+1.5% | $1.3B-0.3% | $1.3B-0.8% | $1.3B+0.9% | $1.3B |
| Retained Earnings | -$26.4M+6.0% | -$28.1M-117.8% | -$12.9M+68.2% | -$40.6M+44.3% | -$72.9M+8.1% | -$79.3M-15.1% | -$68.9M+27.1% | -$94.5M |
BV Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $46.2M+28.0% | $36.1M-57.2% | $84.4M+51.5% | $55.7M-38.9% | $91.2M+50.7% | $60.5M+13.1% | $53.5M+25.6% | $42.6M |
| Capital Expenditures | $58.8M+7.5% | $54.7M-6.3% | $58.4M-43.6% | $103.5M+208.0% | $33.6M-42.8% | $58.7M+81.2% | $32.4M+39.1% | $23.3M |
| Free Cash Flow | -$12.6M+32.3% | -$18.6M-171.5% | $26.0M+154.4% | -$47.8M-183.0% | $57.6M+3100.0% | $1.8M-91.5% | $21.1M+9.3% | $19.3M |
| Investing Cash Flow | -$55.0M-6.2% | -$51.8M-15.9% | -$44.7M+53.3% | -$95.8M-240.9% | -$28.1M+49.2% | -$55.3M-94.0% | -$28.5M-203.2% | -$9.4M |
| Financing Cash Flow | -$18.1M+17.0% | -$21.8M+50.8% | -$44.3M-100.5% | -$22.1M-10.0% | -$20.1M+57.5% | -$47.3M-9360.0% | -$500K+99.5% | -$94.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $14.4M-23.4% | $18.8M+93.8% | $9.7M+26.0% | $7.7M+352.9% | $1.7M-66.7% | $5.1M | $0-100.0% | $600K |
BV Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.6%+1.0pp | 18.6%-6.5pp | 25.1%+1.0pp | 24.1%+1.9pp | 22.3%+1.1pp | 21.2%-3.8pp | 25.0%+1.0pp | 24.0% |
| Operating Margin | 2.3%+3.5pp | -1.2%-9.0pp | 7.9%-0.3pp | 8.1%+4.8pp | 3.4%+3.5pp | -0.1%-7.2pp | 7.1%+0.5pp | 6.6% |
| Net Margin | 0.2%+2.7pp | -2.5%-6.4pp | 3.9%-0.6pp | 4.6%+3.6pp | 1.0%+2.7pp | -1.7%-5.3pp | 3.5%+0.3pp | 3.2% |
| Return on Equity | 0.1%+1.4pp | -1.2%-3.4pp | 2.1%-0.4pp | 2.5%+2.0pp | 0.5%+1.3pp | -0.8%-2.8pp | 2.0%+0.2pp | 1.9% |
| Return on Assets | 0.1%+0.5pp | -0.5%-1.3pp | 0.8%-0.1pp | 1.0%+0.8pp | 0.2%+0.5pp | -0.3%-1.1pp | 0.8%+0.0pp | 0.7% |
| Current Ratio | 1.23-0.0 | 1.26-0.0 | 1.29-0.0 | 1.31-0.1 | 1.42-0.0 | 1.430.0 | 1.44-0.0 | 1.45 |
| Debt-to-Equity | 0.66+0.0 | 0.64+0.0 | 0.610.0 | 0.62-0.0 | 0.630.0 | 0.630.0 | 0.630.0 | 0.64 |
| FCF Margin | -1.8%+1.2pp | -3.0%-6.7pp | 3.7%+10.5pp | -6.8%-15.4pp | 8.7%+8.4pp | 0.3%-2.6pp | 2.9%+0.3pp | 2.6% |
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Frequently Asked Questions
What is Brightview Holdings's annual revenue?
Brightview Holdings (BV) reported $2.7B in total revenue for fiscal year 2025. This represents a -3.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Brightview Holdings's revenue growing?
Brightview Holdings (BV) revenue declined by 3.4% year-over-year, from $2.8B to $2.7B in fiscal year 2025.
Is Brightview Holdings profitable?
Yes, Brightview Holdings (BV) reported a net income of $56.0M in fiscal year 2025, with a net profit margin of 2.1%.
What is Brightview Holdings's EBITDA?
Brightview Holdings (BV) had EBITDA of $354.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Brightview Holdings have?
As of fiscal year 2025, Brightview Holdings (BV) had $74.5M in cash and equivalents against $790.2M in long-term debt.
What is Brightview Holdings's gross margin?
Brightview Holdings (BV) had a gross margin of 23.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Brightview Holdings's operating margin?
Brightview Holdings (BV) had an operating margin of 5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Brightview Holdings's net profit margin?
Brightview Holdings (BV) had a net profit margin of 2.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Brightview Holdings's return on equity (ROE)?
Brightview Holdings (BV) has a return on equity of 4.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Brightview Holdings's free cash flow?
Brightview Holdings (BV) generated $37.6M in free cash flow during fiscal year 2025. This represents a -70.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Brightview Holdings's operating cash flow?
Brightview Holdings (BV) generated $291.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Brightview Holdings's total assets?
Brightview Holdings (BV) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Brightview Holdings's capital expenditures?
Brightview Holdings (BV) invested $254.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Brightview Holdings's current ratio?
Brightview Holdings (BV) had a current ratio of 1.29 as of fiscal year 2025, which is considered adequate.
What is Brightview Holdings's debt-to-equity ratio?
Brightview Holdings (BV) had a debt-to-equity ratio of 0.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Brightview Holdings's return on assets (ROA)?
Brightview Holdings (BV) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Brightview Holdings's Altman Z-Score?
Brightview Holdings (BV) has an Altman Z-Score of 1.42, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Brightview Holdings's Piotroski F-Score?
Brightview Holdings (BV) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brightview Holdings's earnings high quality?
Brightview Holdings (BV) has an earnings quality ratio of 5.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Brightview Holdings cover its interest payments?
Brightview Holdings (BV) has an interest coverage ratio of 2.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Brightview Holdings?
Brightview Holdings (BV) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.