BrightView (BV) Q4 Earnings: What To Expect

BrightView’s third quarter results for 2025 fell short of Wall Street expectations, with revenue declining year over year and non-GAAP profit below consensus estimates. Management attributed these results to ongoing macroeconomic headwinds and delayed discretionary spending in its land maintenance business. CEO Dale Asplund cited improvements in employee retention and customer satisfaction, stating, “Our unwavering focus on delivering world-class service to our customers continues to yield meaningful momentum in customer retention.” The company also made significant investments in refreshing its fleet and expanding its sales force, which management believes will lay the groundwork for future growth despite near-term challenges.

Is now the time to buy BV? Find out in our full research report (it’s free for active Edge members).

BrightView (BV) Q3 CY2025 Highlights:

• Revenue: $702.8 million vs analyst estimates of $722.9 million (3.6% year-on-year decline, 2.8% miss)
• Adjusted EPS: $0.27 vs analyst expectations of $0.32 (14.7% miss)
• Adjusted EBITDA: $113.5 million vs analyst estimates of $113.3 million (16.1% margin, in line)
• EBITDA guidance for the upcoming financial year 2026 is $370 million at the midpoint, below analyst estimates of $375.8 million
• Operating Margin: 7.9%, in line with the same quarter last year
• Market Capitalization: $1.18 billion

While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.

Our Top 5 Analyst Questions From BrightView’s Q3 Earnings Call

• Benjamin Luke McFadden (William Blair) asked about discretionary spending trends in land maintenance. CEO Dale Asplund noted positive momentum in ancillary demand and expects improvement as delayed projects resume.

• Bob Labick (CJS Securities) questioned the remaining opportunity for improvement in employee retention and its impact on customer retention. Asplund responded that the company is only halfway through its retention improvement roadmap, with further gains possible.

• Andrew J. Wittmann (Baird) inquired about elevated capital expenditures and the impact of fleet investments. CFO Brett Urban explained that 2026 will see continued above-average investment to complete fleet refreshment, after which spending should normalize.

• Jeffrey Stevenson (Loop Capital) sought details on the rollout of the field service management system and development project delays. Asplund clarified that the system will be fully implemented in the first half of the year and that development backlogs are expected to clear, supporting growth.

• Greg Palm (Craig-Hallum) asked about labor market pressures and immigration policy impacts. Asplund stated that investments in workforce stability have positioned BrightView to benefit from competitors’ labor challenges and support potential share gains.

Catalysts in Upcoming Quarters

In the coming quarters, the StockStory team will closely monitor (1) the ramp-up in salesforce productivity and whether it translates into sustained revenue growth, (2) the rollout and impact of the new field service management system on operational efficiency, and (3) continued progress in customer and employee retention rates. We will also track the pace of ancillary service adoption and any signs of recovery in discretionary spending within core segments.

BrightView currently trades at $12.50, up from $11.85 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it’s free for active Edge members).

High-Quality Stocks for All Market Conditions

The market’s up big this year - but there’s a catch. Just 4 stocks account for half the S&P 500’s entire gain. That kind of concentration makes investors nervous, and for good reason. While everyone piles into the same crowded names, smart investors are hunting quality where no one’s looking - and paying a fraction of the price. Check out the high-quality names we’ve flagged in our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 244% over the last five years (as of June 30, 2025).

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The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how BrightView and the rest of the environmental and facilities services stocks fared in Q3.

Many environmental and facility services are non-discretionary (sports stadiums need to be cleaned after events), recurring, and performed through longer-term contracts. This makes for more predictable and stickier revenue streams. Additionally, there has been an increasing focus on emissions and water conservation over the last decade, driving innovation in the sector and demand for new services. Despite these tailwinds, environmental and facility services companies are still at the whim of economic cycles. Interest rates, for example, can greatly impact commercial construction projects that drive incremental demand for these services.

The 12 environmental and facilities services stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.8% while next quarter’s revenue guidance was 1.7% below.

Luckily, environmental and facilities services stocks have performed well with share prices up 10% on average since the latest earnings results.

BrightView

An official field consultant for Major League Baseball, BrightView offers landscaping design, development, and maintenance.

BrightView reported revenues of $702.8 million, down 3.6% year on year. This print fell short of analysts’ expectations by 2.8%. Overall, it was a softer quarter for the company with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

“Our fourth quarter and full-year results reflect the continued momentum behind our One BrightView strategy and the strengthened foundation of our business,” said Dale Asplund, BrightView President and Chief Executive Officer.

BrightView scored the highest full-year guidance raise but had the weakest performance against analyst estimates of the whole group. Unsurprisingly, the stock is up 5.4% since reporting and currently trades at $12.50.

Read our full report on BrightView here, it’s free for active Edge members.

Best Q3: Perma-Fix

Tackling hazardous waste challenges since 1990, Perma-Fix provides environmental waste treatment services.

Perma-Fix reported revenues of $17.45 million, up 3.8% year on year, outperforming analysts’ expectations by 7.1%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 4.6% since reporting. It currently trades at $12.28.

Is now the time to buy Perma-Fix? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Clean Harbors

Established in 1980, Clean Harbors provides environmental and industrial services like hazardous and non-hazardous waste disposal and emergency spill cleanups.

Clean Harbors reported revenues of $1.55 billion, up 1.3% year on year, falling short of analysts’ expectations by 1.6%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates.

As expected, the stock is down 9.5% since the results and currently trades at $222.73.

Read our full analysis of Clean Harbors’s results here.

Waste Connections

Operating a network of municipal solid waste landfills in the U.S. and Canada, Waste Connections is North America's third-largest waste management company providing collection, disposal, and recycling services.

Waste Connections reported revenues of $2.46 billion, up 5.1% year on year. This result beat analysts’ expectations by 0.5%. It was a very strong quarter as it also put up an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ adjusted operating income estimates.

The stock is up 1.6% since reporting and currently trades at $176.50.

Read our full, actionable report on Waste Connections here, it’s free for active Edge members.

Quest Resource

Recycling corporate waste to help companies be more sustainable, Quest Resource is a provider of waste and recycling services.

Quest Resource reported revenues of $63.34 million, down 13% year on year. This print topped analysts’ expectations by 5.9%. Overall, it was a strong quarter as it also logged an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

Quest Resource had the slowest revenue growth among its peers. The stock is up 35.5% since reporting and currently trades at $1.89.

Read our full, actionable report on Quest Resource here, it’s free for active Edge members.

Check out the companies making headlines this week:

Cogent : Internet service provider Cogent Communications rose by 6.8% on Tuesday after its board of directors authorized management to resume the company's stock repurchase program. See our full article here.

Is now the time to buy Cogent? Access our full analysis report here.

Western Digital : Leading data storage manufacturer Western Digital rose by 2.1% on Monday after the company announced a series of next-generation storage solutions aimed at the rapidly growing artificial intelligence (AI) and high-performance computing (HPC) markets. See our full article here.

Is now the time to buy Western Digital? Access our full analysis report here.

Wix : Website building platform Wix fell by 17.2% on Wednesday after the company reported third-quarter results where a beat on revenue was overshadowed by a significant miss on operating income and deteriorating margins. See our full article here.

Is now the time to buy Wix? Access our full analysis report here.

Jack in the Box : Fast-food chain Jack in the Box fell by 2.7% on Monday after UBS lowered its price target on the stock to $17 from $20, citing concerns about sales pressure ahead of the company's fourth-quarter earnings report. See our full article here.

Is now the time to buy Jack in the Box? Access our full analysis report here.

BrightView : Landscaping service company BrightView fell by 2.4% on Thursday after the company reported disappointing third-quarter earnings results, missing Wall Street's expectations for both revenue and profit and providing a weak forecast for the upcoming year. See our full article here.

Is now the time to buy BrightView? Access our full analysis report here.

Landscaping service company BrightView missed Wall Street’s revenue expectations in Q3 CY2025, with sales falling 3.6% year on year to $702.8 million. The company’s full-year revenue guidance of $2.7 billion at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP profit of $0.27 per share was 14.7% below analysts’ consensus estimates.

Is now the time to buy BV? Find out in our full research report (it’s free for active Edge members).

BrightView (BV) Q3 CY2025 Highlights:

• Revenue: $702.8 million vs analyst estimates of $722.9 million (3.6% year-on-year decline, 2.8% miss)
• Adjusted EPS: $0.27 vs analyst expectations of $0.32 (14.7% miss)
• Adjusted EBITDA: $113.5 million vs analyst estimates of $113.3 million (16.1% margin, in line)
• EBITDA guidance for the upcoming financial year 2026 is $370 million at the midpoint, below analyst estimates of $375.8 million
• Operating Margin: 7.9%, in line with the same quarter last year
• Market Capitalization: $1.12 billion

StockStory’s Take

BrightView’s third quarter results for 2025 fell short of Wall Street expectations, with revenue declining year over year and non-GAAP profit below consensus estimates. Management attributed these results to ongoing macroeconomic headwinds and delayed discretionary spending in its land maintenance business. CEO Dale Asplund cited improvements in employee retention and customer satisfaction, stating, “Our unwavering focus on delivering world-class service to our customers continues to yield meaningful momentum in customer retention.” The company also made significant investments in refreshing its fleet and expanding its sales force, which management believes will lay the groundwork for future growth despite near-term challenges.

Looking ahead, BrightView’s guidance centers on a return to revenue growth, supported by recent investments in its workforce, technology, and service offerings. Management emphasized that continued expansion of the sales force and improved efficiency from technology upgrades will be key to achieving these targets. CFO Brett Urban noted that the rollout of a new field service management system and further fleet investments are expected to “drive meaningful improvements in productivity and service delivery,” while Asplund highlighted the importance of maintaining momentum in customer retention and ancillary service expansion as central to the company’s growth strategy for 2026.

Key Insights from Management’s Remarks

Management attributed the quarter’s performance to a combination of ongoing investment in frontline employees, increased sales hiring, and improvements in operational efficiency, while also addressing macro-related headwinds in core segments.

• Sales force expansion: BrightView hired approximately 100 new salespeople during the year, primarily in the back half, aiming to drive top-line growth in future quarters. Management indicated that new sellers typically require up to 18 months to reach full productivity, signaling a lag before these investments affect reported results.

• Employee retention gains: Management highlighted a 400-basis-point improvement in customer retention since the company’s transformation began two years ago, which they linked directly to ongoing efforts to reduce frontline turnover by investing in employee benefits and training programs.

• Fleet modernization: Over $300 million has been invested in refreshing trucks, mowers, and other core equipment, reducing the average age of fleet vehicles and improving operational reliability. This strategy lowered repair and rental expenses, boosted employee morale, and contributed to higher customer satisfaction.

• Operational efficiencies: The company continued to centralize procurement and streamline its organizational structure, resulting in a 180-basis-point improvement in SG&A expenses as a percentage of revenue since 2023. These cost savings are being reinvested in technology and sales initiatives.

• Customer and segment trends: Macro headwinds impacted discretionary and ancillary spending in land maintenance, but management reported sequential improvement through the quarter and expects ancillary service demand to recover as delayed projects resume.

Drivers of Future Performance

Management sees growth in 2026 hinging on sustained sales force expansion, operational efficiencies, and continued improvement in customer and employee retention.

• Salesforce productivity ramp: Management expects the new sellers added in 2025 and planned additions in 2026 to contribute meaningfully to revenue as they mature in their roles. CEO Dale Asplund explained that new sales hires typically require one year to reach standard productivity, with further gains expected after 18 months.

• Operational efficiency and technology: BrightView is rolling out a new field service management system to replace manual processes, which is designed to increase capacity and streamline crew routing. CFO Brett Urban said, “This is a capacity creation tool for us,” enabling the company to serve more clients without proportional increases in headcount.

• Ancillary services and customer retention: Expansion into services such as tree care, supported by targeted investments in specialized equipment and training, is expected to drive higher customer retention and increase wallet share from existing clients. Management believes ongoing progress in employee retention will further support these efforts.

Catalysts in Upcoming Quarters

In the coming quarters, the StockStory team will closely monitor (1) the ramp-up in salesforce productivity and whether it translates into sustained revenue growth, (2) the rollout and impact of the new field service management system on operational efficiency, and (3) continued progress in customer and employee retention rates. We will also track the pace of ancillary service adoption and any signs of recovery in discretionary spending within core segments.

BrightView currently trades at $11.74, in line with $11.85 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it’s free for active Edge members).

Now Could Be The Perfect Time To Invest In These Stocks

The market’s up big this year - but there’s a catch. Just 4 stocks account for half the S&P 500’s entire gain. That kind of concentration makes investors nervous, and for good reason. While everyone piles into the same crowded names, smart investors are hunting quality where no one’s looking - and paying a fraction of the price. Check out the high-quality names we’ve flagged in our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 244% over the last five years (as of June 30, 2025).

Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return).