Brightview Holdings 2025 Q4 Earnings EPS Growth Outpaces Revenue Decline

Brightview Holdings (BV) reported fiscal 2025 Q4 earnings on Nov 19, 2025, with revenue declining 3.6% year-over-year to $702.80 million, missing analyst expectations. However, the company outperformed on the bottom line, with EPS rising 12.7% to $0.20 and net income growing 8.2% to $27.70 million. Guidance for FY2026 revenue of $2.67–$2.73 billion aligns with consensus estimates, signaling cautious optimism.

Revenue

Brightview’s Q4 revenue fell short of the $718.57 million consensus forecast, driven by a 1.3% decline in Maintenance Services and an 8.2% drop in Development Services. The total revenue of $702.80 million marked a 3.6% year-over-year contraction, reflecting weaker demand in commercial landscaping and project timing delays in development work.

Earnings/Net Income

Despite the revenue miss, Brightview’s profitability strengthened, with net income rising to $27.70 million (+8.2%) and EPS increasing to $0.20 (+12.7%). This outperformance underscores improved cost management and margin expansion, particularly in adjusted EBITDA, which hit a record $113.5 million. The earnings growth highlights the company’s ability to offset revenue declines through operational efficiency.

Post-Earnings Price Action Review

The strategy of buying Brightview after a revenue beat and holding for 30 days has historically shown potential, with average gains between 5% and 15%. However, recent underperformance—9.75% month-to-date—underscores risks tied to earnings misses or market volatility. Investors should consider integrating analyst sentiment and valuation metrics to refine this approach, as short-term declines remain possible amid macroeconomic pressures and sector-specific challenges.

CEO Commentary

Dale Asplund emphasized progress under the “One BrightView” strategy, citing record Adjusted EBITDA and margin growth. He highlighted a $150 million share repurchase authorization increase and confidence in returning to top-line growth in 2026, driven by operational improvements and strategic investments.

Guidance

For FY2026, Brightview projects revenue of $2.67–$2.73 billion (0–2% growth) and Adjusted EBITDA of $363–$377 million. The company aims to expand margins by 40–60 bps and target Adjusted Free Cash Flow of $100–$115 million, supported by disciplined capital allocation and cost discipline.

Additional News

1. Share Repurchase Expansion: Brightview increased its buyback authorization to $150 million, signaling confidence in undervaluation and long-term value creation.

2. Analyst Optimism: Six analysts upgraded the stock to “Buy,” with a median 12-month price target of $20.00 (+40.6% from the Nov 18 close of $11.89).

3. Operational Efficiency: The company reduced capital expenditures and improved margins through cost management, including lower vehicle and equipment expenses.

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