BrightView Holdings, Inc.
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Range $12.5 – $17
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About the company
BrightView Holdings, Inc. , operating through its various subsidiaries, stands as a prominent provider of commercial landscaping solutions across the United States. The company's operations are strategically divided into two primary segments: Maintenance Services and Development Services.
- CEO
- Dale A. Asplund
- IPO
- 2018
- Employees
- 18,400
- HQ
- Blue Bell, PA, US
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- Market Cap
- $950.64M
- P/E
- -41.70
- Fwd P/E
- 16.69
- PEG
- 0.06
- P/S
- 0.35
- P/B
- 0.55
- EV/EBITDA
- 6.16
- Div Yield
- 0.00%
- Gross Margin
- 21.00%
- Op Margin
- 3.73%
- Net Margin
- 0.42%
- ROE
- 0.65%
- ROIC
- 2.14%
Latest fiscal year · YoY change
- Revenue
- $2.67B-3.4%
- Gross Profit
- $621.70M-3.7%
- Op Income
- $134.60M
- Net Income
- $56.00M-15.7%
- EPS
- $0.59+181.0%
- OCF Growth
- +41.9%
- FCF Growth
- -70.4%
- 52W High
- $15.00
- 52W Low
- $9.81
- 50D MA
- $11.38
- 200D MA
- $12.53
- Beta
- 1.17
- RSI (14)
- 39
- Avg Volume
- 1.06M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
BrightView’s third quarter showed continued Land Maintenance momentum and improving operating trends, but reported EBITDA and cash flow were pressured by elevated fuel costs and a one-time self-insurance adjustment.· August 5, 2026
- Total revenue was $718 million, up 1.3% year over year, led by Land Maintenance revenue growth and partly offset by lower snow revenue.
- Land Maintenance revenue rose 2.3% year over year, marking the second straight quarter of growth, while the contract book grew 4% from Q2 2025.
- Reported adjusted EBITDA was $96 million at a 13.3% margin, after a $4 million fuel headwind and a $16 million self-insurance adjustment; excluding those items, EBITDA would have been $116 million at a 16.2% margin.
- Management reaffirmed full-year land revenue growth of 2% to 3% and updated 2026 total revenue guidance to $2.75 billion to $2.78 billion.
- Adjusted free cash flow guidance was reduced to $70 million to $80 million, while the company said it extended all three debt tranches and added $100 million of liquidity.
BrightView reported third-quarter 2026 total revenue of $718 million, up 1.3% year over year. Land Maintenance revenue increased 2.3% year over year, and management said the contract book grew 4% from Q2 2025. Reported adjusted EBITDA was $96 million at a 13.3% margin; excluding a $4 million fuel headwind and a $16 million self-insurance adjustment, EBITDA would have been $116 million at a 16.2% margin. For 2026, the company reaffirmed Land revenue growth of 2% to 3%, guided total revenue to $2.75 billion to $2.78 billion, and lowered adjusted free cash flow guidance to $70 million to $80 million. Management also said that excluding the fuel and self-insurance impacts, adjusted EBITDA guidance would have been about $365 million to $370 million.
Dale Asplund framed the quarter as evidence that BrightView’s transformation is translating into better retention, a larger contract book, and more predictable growth. He emphasized second-quarter and third-quarter organic Land Maintenance growth, improved frontline turnover and customer retention, and the decision to keep a long-term customer-first approach rather than impose short-term fuel surcharges. His tone was upbeat and confident, repeatedly pointing to “momentum” and saying the company is on track to deliver on long-term targets despite near-term headwinds.
Brett Urban focused on the numbers behind the quarter and the guidance reset. He highlighted $718 million of revenue, $96 million of reported adjusted EBITDA, a $4 million fuel headwind, and a $16 million self-insurance adjustment, then noted that excluding those items EBITDA would have been $116 million at a 16.2% margin. He also said the company extended all three debt tranches, received more than 2x the financial commitments on the term loan extension, and added $100 million of capacity, while free cash flow guidance moved to $70 million to $80 million.
Analysts pressed management on how much of the Land Maintenance momentum is durable into Q4 and 2027, and whether the 3% to 6% Q4 Land growth range depends on ancillary pricing. Management said the contract book is the main driver, but ancillary can swing the quarter depending on pricing and customer acceptance. They also discussed fuel pricing and said annual renewals are concentrated in Q4 in southern markets and in March-April in northern markets, which creates a pricing opportunity next year. On cash flow, Urban said next year should benefit from lower CapEx as fleet refresh winds down, and that the business should show higher cash conversion in 2027.
The positive case from this call is that BrightView is showing sustained improvement in its core Land Maintenance business, with a 4% larger contract book, 2.3% year-over-year Land revenue growth, and stronger retention. Management also pointed to better employee turnover, rising seller productivity, and a larger liquidity cushion after extending debt maturities.
The main risks discussed were elevated fuel costs, which management expects to persist through the rest of fiscal 2026, and the $16 million self-insurance adjustment tied largely to prior-year claims. Growth in ancillary revenue and development is still choppy, and management said the upper end of Q4 Land growth depends in part on pricing and customer acceptance. Adjusted free cash flow guidance also came down to $70 million to $80 million because of the margin headwinds.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 73.4%
- Shares Outstanding
- 93.20M
- Float Shares
- 68.42M
of shares held by institutions
189 13F filers
Buy/sell ratio 0.50. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for BV, newest first.
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Kohlberg Kravis Roberts & Co. L.P. | 21.53M | 0 |
| Vanguard Group Inc | 6.90M | ▼ 93.01K |
| Blackrock, Inc. | 5.65M | ▲ 437.05K |
| Dimensional Fund Advisors LP | 5.48M | ▲ 207.58K |
| Van Berkom & Associates Inc. | 5.02M | ▼ 21.30K |
| Goldman Sachs Group Inc | 3.89M | ▲ 1.15M |
| Vanguard Portfolio Management LLC | 3.22M | ▼ 33.01K |
| Vanguard Capital Management LLC | 3.11M | ▲ 9.64K |
| Harvey Partners, LLC | 3.08M | ▲ 140.80K |
| Cooke & Bieler LP | 2.51M | ▼ 1.35M |
| Fmr LLC | 2.43M | ▲ 223.79K |
| Alliancebernstein L.P. | 2.28M | ▼ 42.13K |
Held by 212 ETFs
Biggest fund positions in BV by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 1, 26 | Asplund Dale A | other | 229,455 |
| Oct 1, 26 | Asplund Dale A | other | 229,455 |
| Oct 1, 26 | Asplund Dale A | other | 85,911 |
| Sep 30, 26 | Cornog William L | other | 2,287 |
| Sep 30, 26 | SWAN MARA E | other | 2,625 |
| Sep 30, 26 | Bomba Jane L Okun | other | 2,625 |
| Sep 30, 26 | Lopez Francisco Jr. | other | 2,587 |
| Aug 6, 26 | Cornog William L | buy | 40,000 |
| Aug 6, 26 | Cornog William L | buy | 10,000 |
| Jun 30, 26 | SWAN MARA E | other | 1,852 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our BV coverage
Recent articles, reports, and earnings notes.
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Generate BV report →BrightView Goes Pink for Third Annual Breast Cancer Awareness Campaign
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BrightView Holdings, Inc. (NYSE:BV) Stock Has Consensus Price Target of $14.10
defenseworld.net · Sep 25
Is BrightView Holdings Inc (BV) a Bargain After 5.0% Drop? GF Value Says Undervalued
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BrightView Declares Eleventh Consecutive Cash Dividend Payment on Preferred Stock
businesswire.com · Sep 10
BrightView Holdings: Fleet Refresh Temporarily Depressing Underlying FCF Yield
seekingalpha.com · Sep 1
AWH Capital L.P. Makes New Investment in BrightView Holdings, Inc. $BV
defenseworld.net · Aug 28
BrightView Holdings, Inc. $BV Shares Acquired by Algert Global LLC
defenseworld.net · Aug 27
Do Options Traders Know Something About BrightView Stock We Don't?
zacks.com · Aug 20
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