Brightview Holdings 2025 Q4 Earnings Net Income Grows 8.2% Despite Revenue Decline

Brightview Holdings (BV) reported fiscal 2025 Q4 earnings on Nov 19, 2025, with results falling short of revenue expectations while net income and EPS showed growth. The company’s revenue declined 3.6% year-over-year to $702.80 million, missing analyst forecasts by $15.77 million. However, net income rose 8.2% to $27.70 million, and EPS increased 12.7% to $0.20. Guidance for 2026 aligns with consensus estimates, projecting revenue of $2.67–$2.73 billion and margin expansion through operational efficiency.

Revenue

Brightview’s total revenue dipped to $702.80 million in Q4 2025, a 3.6% decline from $728.70 million in the prior-year period. Land Maintenance Revenue reached $1.7–$1.715 billion, while Development Services Revenue stood at $790–$805 million, and Snow Removal Revenue ranged between $190–$220 million. The revenue shortfall was primarily attributed to a 1.3% decline in Maintenance Services and an 8.2% drop in Development Services, driven by project timing and market conditions.

Earnings/Net Income

The company’s profitability strengthened, with EPS rising 12.7% to $0.20 in Q4 2025 from $0.18 in Q4 2024. Net income expanded 8.2% to $27.70 million, reflecting disciplined cost management and margin improvements. Adjusted EBITDA hit a record $113.50 million, up 7.9% year-over-year, with margins expanding 170 basis points to 16.1%. The EPS growth outperformed the net income increase, indicating improved profitability despite revenue challenges.

Post-Earnings Price Action Review

Brightview’s stock price fell 0.17% in the latest trading day, 4.67% for the week, and 9.75% month-to-date. Post-earnings, shares tumbled 10.9%, reflecting disappointment over revenue and EPS misses. Analysts cited weak Development Services performance and softer commercial landscape demand as key drivers. Despite the decline, the company’s long-term outlook remains cautiously optimistic, with a median price target of $20.00, 40.6% above the Nov 18 closing price of $11.89.

CEO Commentary

Dale Asplund, CEO, emphasized the “continued momentum behind our One BrightView strategy” and highlighted record Adjusted EBITDA and margin expansion. The CEO outlined strategic investments, confidence in 2026 revenue growth, and a $150 million share repurchase authorization increase, underscoring a “strong balance sheet” and “long-term growth outlook.”

Guidance

Brightview projects 2026 total revenue of $2.67–$2.73 billion (+0% to +2%), with Land Maintenance Revenue of $1.7–$1.715 billion (+1% to +2%), Development Services Revenue of $790–$805 million (~0% to +2%), and Snow Removal Revenue of $190–$220 million. Adjusted EBITDA is guided to $363–$377 million (+40–60 bps margin expansion), and Adjusted Free Cash Flow to $100–$115 million.

Additional News

Brightview increased its share repurchase authorization to $150 million, signaling confidence in capital allocation. CEO Dale Asplund reiterated the “One BrightView” strategy, focusing on operational efficiency and market positioning. The company also announced plans to return to revenue growth in 2026, leveraging scale to strengthen its position as the “service provider of choice” in the industry.