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The Moat Index

BrightView Holdings, Inc.

BV · Agriculture · $1.4B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

18/ 100
No moat

The four filters

Pricing power43

Median gross margin 25.4% over 9y, very stable.

Returns on capital0

Median ROIC 3.5%, above the 9% hurdle in 0% of years.

Balance-sheet safety1

Net debt/EBITDA 5.3x, interest coverage 3x.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale
No price data
Owner earnings (normalized)
—
Est. intrinsic value / share
—
Recent price
$14.52
Discount to value
No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

11 years of fundamentals

The business, in plain English

BrightView Holdings, Inc. booked $2.7B of revenue in FY2025 in the Agriculture sector and kept 23.3% of it as gross profit — a moderate-margin business by that measure. After every other cost, 2.1% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $2.2B (FY2016) to $2.7B (FY2025) — about 2.3% a year compounded over 9 years.

It earned 4.6% on invested capital in FY2025, with a median of 3.5% across 9 filed years. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $790.2M of total debt in FY2025. Balance-Sheet Safety scores it 1/100.

The share count rose 23.0% between FY2017 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 24/100.

Put together: Pricing Power is the strongest of the four filters (43/100) and Returns on Capital the weakest (0/100), which is how BV lands at 18/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2015–FY2025 · 11 fiscal years, normalized from BV’s SEC filings

RevenueSales, as filed$2.7B FY2025
$0$2B2015201920232025
Gross marginRevenue kept after cost of goods23.3% FY2025
0%20%2015201920232025
Return on invested capitalOperating profit on the capital employed4.6% FY2025
0%3%5%2015201920232025
Owner earningsCash an owner could take out−$198.2M FY2025
−$200M−$100M$02015201920232025

Gaps in a line mean that item isn’t in BV’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

3 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale17.8 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — BV has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Agriculture context

#8 of 12 scored Agriculture companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #6NCRA NOCERA, INC.22.1No moat
  2. #7AVO MISSION PRODUCE, INC.21.8No moat
  3. #9RYM RYTHM INC.15.8No moat
  4. #10AQB AquaBounty Technologies, Inc.15.4No moat

Compare BV with its nearest peers →All Agriculture companies on the Index →

Common questions about BV

Does BrightView Holdings, Inc. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores BrightView Holdings, Inc. (BV) 17.8 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 43, returns on capital 0, balance-sheet safety 1, capital discipline 24.
How has BV's Moat Score changed over time?
The record logs 3 readings since Jul 17, 2026; the latest reads 17.8 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.
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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell BV. See the disclaimer.

BrightView Holdings, Inc. (BV) Moat Score — The Moat Index · Buy Like Buffett