Latest Ratios: P/E Ratio 18.0x · EV/EBITDA 5.9x · ROE 3.1%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $958M | $1.3B | $1.5B | $724M | $779M | $1.6B | $1.2B | $1.8B | $1.3B | — | — |
| Enterprise Value | $1.8B | $2.1B | $2.3B | $1.7B | $2.2B | $2.7B | $2.2B | $2.9B | $2.5B | — | — |
| P/E Ratio → | 18.04 | 23.51 | 78.70 | — | 56.71 | 33.55 | — | 39.88 | — | — | — |
| P/S Ratio | 0.36 | 0.49 | 0.55 | 0.26 | 0.28 | 0.61 | 0.50 | 0.74 | 0.57 | — | — |
| P/B Ratio | 0.56 | 0.73 | 0.85 | 0.42 | 0.64 | 1.16 | 0.93 | 1.38 | 1.09 | — | — |
| P/FCF | 25.48 | 34.83 | 11.89 | 12.35 | — | 17.89 | 6.14 | 22.21 | 14.23 | — | — |
| P/OCF | 3.28 | 4.49 | 7.36 | 5.57 | 7.29 | 10.51 | 4.82 | 10.45 | 7.42 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.80 | 0.83 | 0.59 | 0.79 | 1.04 | 0.95 | 1.20 | 1.04 | — | — |
| EV / EBITDA | 5.87 | 7.02 | 7.63 | 6.62 | 9.17 | 11.66 | 15.03 | 10.82 | 11.16 | — | — |
| EV / EBIT | 13.35 | 15.91 | 14.47 | 17.59 | 30.04 | 28.47 | 166.44 | 22.19 | 370.56 | — | — |
| EV / FCF | — | 57.14 | 18.07 | 28.31 | — | 30.43 | 11.59 | 36.07 | 26.14 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.3% | 23.3% | 23.3% | 24.1% | 24.3% | 25.5% | 25.4% | 26.5% | 26.6% | 21.1% | 27.8% |
| Operating Margin | 5.0% | 5.0% | 5.7% | 3.6% | 3.2% | 3.5% | 0.5% | 5.4% | 1.7% | 2.9% | 0.3% |
| Net Profit Margin | 2.1% | 2.1% | 2.4% | -0.3% | 0.5% | 1.8% | -1.8% | 1.8% | -0.6% | -0.8% | -2.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.1% | 3.1% | 3.8% | -0.5% | 1.1% | 3.5% | -3.3% | 3.5% | -1.6% | -2.0% | -7.4% |
| ROA | 1.7% | 1.7% | 2.0% | -0.2% | 0.4% | 1.5% | -1.4% | 1.5% | -0.5% | -0.5% | -1.8% |
| ROIC | 3.9% | 3.9% | 4.5% | 2.9% | 2.6% | 2.9% | 0.4% | 4.1% | 1.3% | 1.6% | 0.3% |
| ROCE | 4.7% | 4.7% | 5.5% | 3.5% | 3.2% | 3.4% | 0.5% | 5.0% | 1.6% | 1.9% | 0.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.51 | 0.51 | 0.52 | 0.58 | 1.18 | 0.91 | 0.95 | 0.89 | 0.94 | 2.28 | 2.29 |
| Debt / EBITDA | 2.98 | 2.98 | 3.08 | 4.00 | 5.99 | 5.35 | 8.12 | 4.30 | 5.24 | 8.00 | 7.39 |
| Net Debt / Equity | — | 0.47 | 0.44 | 0.54 | 1.16 | 0.81 | 0.82 | 0.86 | 0.91 | 2.26 | 2.19 |
| Net Debt / EBITDA | 2.74 | 2.74 | 2.61 | 3.73 | 5.91 | 4.81 | 7.07 | 4.15 | 5.08 | 7.93 | 7.08 |
| Debt / FCF | — | 22.31 | 6.18 | 15.96 | — | 12.54 | 5.45 | 13.85 | 11.91 | 55.78 | 42.53 |
| Interest Coverage | 2.51 | 2.51 | 2.55 | 0.97 | 1.37 | 2.20 | 0.21 | 1.79 | 0.07 | — | 0.10 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.30 | 1.30 | 1.44 | 1.59 | 1.39 | 1.43 | 1.41 | 1.66 | 1.60 | 1.47 | 1.58 |
| Quick Ratio | 1.30 | 1.30 | 1.44 | 1.59 | 1.39 | 1.43 | 1.39 | 1.58 | 1.53 | 1.40 | 1.48 |
| Cash Ratio | 0.14 | 0.14 | 0.26 | 0.14 | 0.04 | 0.25 | 0.35 | 0.12 | 0.11 | 0.04 | 0.22 |
| Asset Turnover | — | 0.79 | 0.82 | 0.84 | 0.84 | 0.79 | 0.76 | 0.82 | 0.81 | 0.60 | 0.76 |
| Inventory Turnover | — | — | — | — | — | — | 269.34 | 66.66 | 72.58 | 54.19 | 49.35 |
| Days Sales Outstanding | — | 69.13 | 72.94 | 75.93 | 69.43 | 70.05 | 64.38 | 66.99 | 64.67 | 89.27 | 56.59 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.6% | 2.7% | 1.2% | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.5% | 4.3% | 1.3% | — | 1.8% | 3.0% | — | 2.5% | — | — | — |
| FCF Yield | 3.9% | 2.9% | 8.4% | 8.1% | — | 5.6% | 16.3% | 4.5% | 7.0% | — | — |
| Buyback Yield | 2.5% | 1.8% | 0.2% | 0.3% | 21.0% | 0.1% | 0.1% | 0.1% | 0.2% | — | — |
| Total Shareholder Yield | 6.1% | 4.6% | 1.4% | 0.3% | 21.0% | 0.1% | 0.1% | 0.1% | 0.2% | — | — |
| Shares Outstanding | — | $98M | $96M | $93M | $98M | $106M | $104M | $103M | $83M | $78M | $99M |
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying BV stock.
BrightView Holdings, Inc.'s current P/E ratio is 18.0x. The historical average is 46.5x.
BrightView Holdings, Inc.'s current EV/EBITDA is 5.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.9x.
BrightView Holdings, Inc.'s return on equity (ROE) is 3.1%. The historical average is 0.0%.
Based on historical data, BrightView Holdings, Inc. is trading at a P/E of 18.0x. Compare with industry peers and growth rates for a complete picture.
BrightView Holdings, Inc.'s current dividend yield is 3.56%.
BrightView Holdings, Inc. has 23.3% gross margin and 5.0% operating margin.
BrightView Holdings, Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Labor cost inflation pressure
Metrics are mathematically derived from official filings.
Margin Ceiling Caps Earnings Power
Gross margin peaked at 25.1% in 2025Q4 but slipped to 21.2% by 2026Q3, according to reported financials, indicating a structural ceiling near 25% that limits pricing power in a labor-intensive industry.
The trailing twelve-month gross margin averages 22.5%, with operating margin compressing from 8.1% in 2025Q3 to 4.5% in 2026Q3, based on SEC filings. This suggests that despite an EPS beat, the business lacks operating leverage as SG&A costs remain sticky and COGS as a percentage of revenue rose to 78.8% in 2026Q3. The thin net margin of -0.4% in 2026Q3 underscores that profitability is highly sensitive to seasonal and one-time items, making the reported EPS less indicative of sustainable earning power.
Returns Stuck Near Cost of Capital
ROIC has hovered between -0.2% and 1.8% over the past ten quarters, based on reported figures, indicating the company is barely earning its cost of capital, with returns driven more by asset turnover than margin expansion.
ROE similarly oscillates around breakeven, from -0.9% in 2026Q1 to 1.8% in 2025Q3, reflecting a business that is not compounding shareholder value. The asset turnover remains low at 0.21, suggesting that the heavy investment in PPE and goodwill—now $2.5B and $2.0B respectively—is not generating proportional revenue. This implies that the historical roll-up strategy has built scale but not economic returns, and investors should monitor whether management can shift toward internal optimization to improve capital efficiency.
Working Capital Stretched by Seasonality
DSO rose to 66 days in 2026Q3 from 64 days in 2025Q3, while DPO fell to 20 days from 22 days, according to financial statements, indicating a slight deterioration in working capital efficiency that pressures cash flow.
The cash conversion cycle is not fully calculable due to missing DIO data, but the combination of rising receivables and shorter payables suggests that BrightView is financing its customers for longer periods while paying suppliers faster. This is particularly concerning given that cash dropped to $14.4M in 2026Q3 from $74.5M in 2025Q4, based on SEC filings, leaving a thin liquidity buffer. The seasonal nature of the business likely drives these swings, but the trend warrants monitoring as it may indicate weakening customer payment behavior or increased supplier leverage.
Leverage Creeps Higher as Coverage Thins
Debt-to-equity rose to 0.55 in 2026Q3 from 0.51 in 2025Q4, while interest coverage fell to 2.77 from 4.16, based on reported figures, indicating a gradual increase in financial risk.
Total debt increased to $963.4M in 2026Q3 from $902.6M in 2026Q2, and D/EBITDA spiked to 11.46 from 8.85 in 2025Q4, according to recent filings. This suggests that EBITDA is contracting faster than debt, making debt service less comfortable. The interest coverage ratio of 2.77 in 2026Q3 is still adequate but down from 4.23 in 2025Q3, implying that a further margin compression could strain the ability to meet interest obligations. Investors should monitor whether the company can stabilize EBITDA to prevent leverage from becoming a constraint.
Liquidity Buffer Thins Rapidly
The current ratio fell to 1.28 in 2026Q3 from 1.44 in 2024Q4, while cash dropped to $14.4M from $74.5M, according to SEC filings, signaling a shrinking cushion against seasonal or economic shocks.
The quick ratio equals the current ratio at 1.28, indicating that inventory is not a significant component of current assets, which is typical for a service business. However, the rapid depletion of cash—down 81% year-over-year—combined with negative free cash flow in three of the last four quarters suggests that the company may be relying on debt to fund operations. Under a severe stress scenario, such as a mild winter or a downturn in commercial construction, the liquidity position could become strained, as the current ratio is already near the lower end of its historical range.
EV/EBITDA Misleads on True Leverage
The EV/EBITDA multiple of 6.23 appears cheap, but with D/EBITDA at 11.46, according to reported figures, this metric obscures the high leverage and thin EBITDA margin that amplify risk.
Investors commonly use EV/EBITDA to value BrightView, but this ratio fails to capture the company's capital intensity and the volatility of EBITDA, which swung from $55.2M profit in 2025Q4 to $32.3M in 2026Q3, based on income statement data. A more appropriate metric would be EV/EBIT or EV/EBITDA adjusted for maintenance capex, as the surge in capex to 9.1% of revenue in 2026Q3 suggests that reported EBITDA overstates true cash generation. Additionally, the low P/B of 0.62 may indicate that the market is already discounting the goodwill overhang, but this should be interpreted with caution given the intangible-heavy balance sheet.