BrightView Holdings

BrightView Holdings reported third-quarter fiscal 2026 total revenue of $717.6 million, a 1.3% increase driven by a 2.3% rise in Land Maintenance revenue to $514.5 million, while adjusted EBITDA fell to $96.1 million from $113.2 million a year earlier due to a $16 million nonroutine self-insurance adjustment and a $4 million fuel headwind. The company revised its full-year adjusted EBITDA guidance to $340 million to $345 million, down from prior expectations, and lowered its adjusted free cash flow forecast to $70 million to $80 million, citing persistent fuel costs and the insurance charge. Customer retention improved 250 basis points to 84.6%, and the contract book grew 4% since the second quarter of 2025, supporting a fourth-quarter Land revenue growth outlook of 3% to 6%. BrightView also extended all three debt tranches and added $100 million in liquidity capacity.

BrightView Holdings has underperformed on key financial metrics, prompting analysts to suggest investors look elsewhere. The company's revenue grew at a sluggish 2.4% compounded annual rate over the past five years, while earnings per share declined by 11.1% annually over the same period, indicating declining profitability. Its five-year average return on invested capital was just 2.9%, below the typical cost of capital for industrial companies. The stock currently trades at 20.8 times forward earnings, or $14.26 per share, which analysts view as fairly valued with limited upside. Instead, they recommend a leading endpoint security platform as a more compelling investment opportunity.