Landscaping service company BrightView (NYSE: BV) missed Wall Street’s revenue expectations in Q2 CY2026 as sales only rose 1.3% year on year to $717.6 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.77 billion at the midpoint. Its non-GAAP profit of $0.17 per share was 41.7% below analysts’ consensus estimates.

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Company Overview

An official field consultant for Major League Baseball, BrightView (NYSE: BV) offers landscaping design, development, and maintenance.

Revenue Growth

A company’s long-term sales performance can indicate its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last five years, BrightView grew its sales at a sluggish 1.9% compounded annual growth rate. This fell short of our benchmarks and is a rough starting point for our analysis.

Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. BrightView’s recent performance shows its demand has slowed as its revenue was flat over the last two years.

This quarter, BrightView’s revenue grew by 1.3% year on year to $717.6 million, falling short of Wall Street’s estimates.

Looking ahead, sell-side analysts expect revenue to grow 1.2% over the next 12 months. While this projection suggests its newer products and services will spur better top-line performance, it is still below the sector average.

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Operating Margin

Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses — everything from the cost of goods sold to advertising and wages. It’s also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes.

BrightView’s operating margin has generally stayed the same over the last 12 months, averaging 4% over the last five years. This profitability was lousy for an industrials business and caused by its suboptimal cost structureand low gross margin.

Analyzing the trend in its profitability, BrightView’s operating margin might have fluctuated slightly but has generally stayed the same over the last five years. This raises questions about the company’s expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability.

This quarter, BrightView generated an operating margin profit margin of 4.5%, down 3.6 percentage points year on year. Since BrightView’s operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased.

Earnings Per Share

We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company’s growth is profitable.

Sadly for BrightView, its EPS declined by 15.3% annually over the last five years while its revenue grew by 1.9%. However, its operating margin didn’t change during this time, telling us that non-fundamental factors such as interest and taxes affected its ultimate earnings.

Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business.

For BrightView, its two-year annual EPS declines of 10% show it’s still underperforming. These results were bad no matter how you slice the data.

In Q2, BrightView reported adjusted EPS of $0.17, down from $0.30 in the same quarter last year. This print missed analysts’ estimates. Over the next 12 months, Wall Street expects BrightView’s full-year EPS to grow 37.7% from $0.52 to $0.72.

Key Takeaways from BrightView’s Q2 Results

We struggled to find many positives in these results. Its full-year EBITDA guidance missed and its EBITDA fell short of Wall Street’s estimates. Overall, this was a softer quarter. The stock traded down 7.1% to $12.17 immediately following the results.

The latest quarter from BrightView’s wasn’t that good. One earnings report doesn’t define a company’s quality, though, so let’s explore whether the stock is a buy at the current price. When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here (it’s free).