BrightView Holdings (BV) financial statements
BrightView Holdings reported revenue of $2.7B in fiscal 2025, up 2.5% a year over 8 years.
Net income was $56M and the operating margin 5.0%, against 0.3% in 2016.
Free cash flow was $38M, and the company returned $24M in net buybacks.
The diluted share count rose 24% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from BrightView Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.4B | $2.4B | $2.3B | $2.6B | $2.8B | $2.8B | $2.8B | $2.7B |
| Cost of revenue | $1.6B | $1.7B | $1.8B | $1.8B | $1.9B | $2.1B | $2.1B | $2.1B | $2.1B |
| Gross profit | $607M | $626M | $638M | $595M | $651M | $675M | $679M | $646M | $622M |
| Selling, general and admin | $468M | $481M | $452M | $527M | $508M | $535M | $533M | $496M | $458M |
| Operating income | $8M | $40M | $130M | $12M | $90M | $88M | $101M | $157M | $135M |
| Interest expense | $95M | $98M | $72M | $65M | $42M | $53M | $97M | $62M | $54M |
| Pre-tax income | -$85M | -$81M | $57M | -$51M | $51M | $20M | -$3M | $96M | $81M |
| Income tax | -$33M | -$66M | $13M | -$10M | $5M | $6M | $5M | $30M | $25M |
| Net income | -$52M | -$15M | $44M | -$42M | $46M | $14M | -$8M | $66M | $56M |
| EPS (diluted) | -$0.67 | -$0.18 | $0.43 | -$0.40 | $0.44 | $0.14 | -$0.12 | $0.20 | $0.13 |
| Diluted shares | 78M | 83M | 103M | 104M | 106M | 98M | 93M | 96M | 97M |
| Gross margin | 27.8% | 26.6% | 26.5% | 25.4% | 25.5% | 24.3% | 24.1% | 23.3% | 23.3% |
| Operating margin | 0.3% | 1.7% | 5.4% | 0.5% | 3.5% | 3.2% | 3.6% | 5.7% | 5.0% |
| Net margin | -2.4% | -0.6% | 1.8% | -1.8% | 1.8% | 0.5% | -0.3% | 2.4% | 2.1% |
Balance sheet
Fiscal years, from BrightView Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $68M | $35M | $39M | $157M | $124M | $20M | $67M | $140M | $74M |
| Receivables | — | $317M | $334M | $319M | $379M | $398M | $442M | $415M | $393M |
| Inventory | — | $24M | $26M | $6M | — | — | — | — | — |
| Total current assets | — | $531M | $551M | $633M | $711M | $677M | $742M | $780M | $666M |
| Property, plant and equipment | — | $257M | $272M | $252M | $264M | $328M | $315M | $392M | $542M |
| Goodwill | $1.7B | $1.8B | $1.8B | $1.9B | $2.0B | $2.0B | $2.0B | $2.0B | $2.0B |
| Total assets | — | $2.9B | $2.9B | $3.1B | $3.2B | $3.3B | $3.4B | $3.4B | $3.4B |
| Total current liabilities | — | $332M | $333M | $450M | $496M | $488M | $467M | $543M | $514M |
| Long-term debt | — | $1.1B | $1.1B | $1.1B | $1.1B | $1.3B | $888M | $802M | $790M |
| Total liabilities | — | $1.7B | $1.6B | $1.8B | $1.9B | $2.1B | $1.6B | $1.6B | $1.6B |
| Shareholders' equity | $705M | $1.2B | $1.3B | $1.3B | $1.3B | $1.2B | $1.2B | $1.3B | $1.3B |
| Net debt | -$68M | $1.1B | $1.1B | $983M | $1.0B | $1.3B | $821M | $662M | $716M |
Cash flow
Fiscal years, from BrightView Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $112M | $180M | $170M | $245M | $148M | $107M | $130M | $206M | $292M |
| Capital spending | $76M | $86M | $90M | $53M | $61M | $107M | $71M | $78M | $254M |
| Free cash flow | $36M | $94M | $80M | $192M | $87M | -$400,000 | $59M | $127M | $38M |
| Stock-based compensation | $3M | $29M | $16M | $24M | $20M | $19M | $22M | $20M | $18M |
| Share buybacks (net) | -$30M | -$3M | -$1M | -$2M | -$2M | -$164M | -$2M | -$3M | -$24M |
| Net borrowing | -$15M | $6M | $0 | $0 | $10M | $17M | -$5M | -$87M | -$15M |
| Free cash flow margin | 1.7% | 4.0% | 3.3% | 8.2% | 3.4% | -0.0% | 2.1% | 4.6% | 1.4% |
Questions
What was BrightView Holdings's revenue in 2025?
$2.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does BrightView Holdings generate?
$38M in fiscal 2025 (operating cash flow minus capital spending).
From BrightView Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.