
BrightView offers an attractive, recurring landscaping business model with a forward-adjusted free cash flow yield, or FCFY, of 9.5–11%. Current FCF is depressed by non-routine insurance costs, elevated fuel expenses, and frontloaded CAPEX due to favorable tax treatments. Fleet refresh CAPEX is expected to normalize by 2028, potentially unlocking $110 million in annual FCF once transient headwinds subside.










