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BrightView Holdings, Inc.（BV）与美乐棵（SMG）财务数据对比。点击上方公司名可切换其他公司
BrightView Holdings, Inc.的季度营收约是美乐棵的1.7倍（$614.7M vs $354.4M），BrightView Holdings, Inc.净利率更高（-2.5% vs -35.3%，领先32.8%），BrightView Holdings, Inc.同比增速更快（2.6% vs -15.0%），BrightView Holdings, Inc.自由现金流更多（$-18.6M vs $-390.4M），过去两年BrightView Holdings, Inc.的营收复合增速更高（-4.4% vs -51.8%）
BrightView Holdings是美国领先的商业景观服务提供商，业务涵盖景观设计、施工、日常养护、灌溉系统管理、除雪除冰等，服务客户覆盖企业园区、商业中心、住宅社区及公共部门等场景。
美乐棵公司是一家总部位于俄亥俄州马里斯维尔的美国跨国企业，其前身可追溯至1868年O.M.斯科特开始销售草种的业务。公司主营草坪养护、园艺种植、虫害防治类消费产品以及无土室内园艺设备，旗下拥有Scotts、Miracle-Gro、Ortho等知名品牌，同时在美国及中国等多个国际市场销售和分销除草剂Roundup。
BV vs SMG — 直观对比
营收规模更大
BV
是对方的1.7倍
$354.4M
营收增速更快
BV
高出17.6%
-15.0%
净利率更高
BV
高出32.8%
-35.3%
自由现金流更多
BV
多$371.8M
$-390.4M
两年增速更快
BV
近两年复合增速
-51.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $614.7M | $354.4M |
| 净利润 | $-15.2M | $-125.0M |
| 毛利率 | 18.6% | 25.0% |
| 营业利润率 | -1.2% | -6.2% |
| 净利率 | -2.5% | -35.3% |
| 营收同比 | 2.6% | -15.0% |
| 净利润同比 | -46.2% | -79.9% |
| 每股收益（稀释后） | $-0.26 | $-2.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BVSMG
| Q4 25 | $614.7M | $354.4M | ||
| Q3 25 | $702.7M | $387.3M | ||
| Q2 25 | $708.3M | $1.2B | ||
| Q1 25 | $662.6M | $1.4B | ||
| Q4 24 | $599.2M | $416.8M | ||
| Q3 24 | $728.7M | $414.7M | ||
| Q2 24 | $738.8M | $1.2B | ||
| Q1 24 | $672.9M | $1.5B |
净利润BVSMG
| Q4 25 | $-15.2M | $-125.0M | ||
| Q3 25 | $27.7M | — | ||
| Q2 25 | $32.3M | $149.1M | ||
| Q1 25 | $6.4M | $217.5M | ||
| Q4 24 | $-10.4M | $-69.5M | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $23.5M | $132.1M | ||
| Q1 24 | $33.7M | $157.5M |
毛利率BVSMG
| Q4 25 | 18.6% | 25.0% | ||
| Q3 25 | 25.1% | 6.1% | ||
| Q2 25 | 24.1% | 31.8% | ||
| Q1 25 | 22.3% | 38.6% | ||
| Q4 24 | 21.2% | 22.7% | ||
| Q3 24 | 25.0% | -7.1% | ||
| Q2 24 | 24.0% | 29.5% | ||
| Q1 24 | 22.6% | 30.4% |
营业利润率BVSMG
| Q4 25 | -1.2% | -6.2% | ||
| Q3 25 | 7.9% | -38.8% | ||
| Q2 25 | 8.1% | 18.1% | ||
| Q1 25 | 3.4% | 24.3% | ||
| Q4 24 | -0.1% | -12.2% | ||
| Q3 24 | 7.1% | -52.1% | ||
| Q2 24 | 6.6% | 16.6% | ||
| Q1 24 | 9.2% | 17.8% |
净利率BVSMG
| Q4 25 | -2.5% | -35.3% | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 4.6% | 12.6% | ||
| Q1 25 | 1.0% | 15.3% | ||
| Q4 24 | -1.7% | -16.7% | ||
| Q3 24 | 3.5% | — | ||
| Q2 24 | 3.2% | 11.0% | ||
| Q1 24 | 5.0% | 10.3% |
每股收益（稀释后）BVSMG
| Q4 25 | $-0.26 | $-2.16 | ||
| Q3 25 | $0.21 | $-2.58 | ||
| Q2 25 | $0.15 | $2.54 | ||
| Q1 25 | $-0.03 | $3.72 | ||
| Q4 24 | $-0.20 | $-1.21 | ||
| Q3 24 | $0.20 | $-4.21 | ||
| Q2 24 | $0.10 | $2.28 | ||
| Q1 24 | $0.17 | $2.74 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $37.0M | $8.3M |
| 总债务越低越好 | $801.1M | — |
| 股东权益账面价值 | $1.3B | $-500.6M |
| 总资产 | $3.3B | $3.0B |
| 负债/权益比越低杠杆越低 | 0.64× | — |
8季度趋势，按日历期对齐
现金及短期投资BVSMG
| Q4 25 | $37.0M | $8.3M | ||
| Q3 25 | $74.5M | $36.6M | ||
| Q2 25 | $79.1M | $51.1M | ||
| Q1 25 | $141.3M | $16.9M | ||
| Q4 24 | $98.3M | $9.8M | ||
| Q3 24 | $140.4M | $71.6M | ||
| Q2 24 | $115.9M | $279.9M | ||
| Q1 24 | $177.3M | $65.1M |
总债务BVSMG
| Q4 25 | $801.1M | — | ||
| Q3 25 | $790.2M | $2.1B | ||
| Q2 25 | $790.7M | — | ||
| Q1 25 | $798.9M | — | ||
| Q4 24 | $796.5M | — | ||
| Q3 24 | $802.5M | $2.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BVSMG
| Q4 25 | $1.3B | $-500.6M | ||
| Q3 25 | $1.3B | $-357.5M | ||
| Q2 25 | $1.3B | $-170.9M | ||
| Q1 25 | $1.3B | $-290.1M | ||
| Q4 24 | $1.3B | $-479.5M | ||
| Q3 24 | $1.3B | $-390.6M | ||
| Q2 24 | $1.3B | $-146.2M | ||
| Q1 24 | $1.2B | $-250.9M |
总资产BVSMG
| Q4 25 | $3.3B | $3.0B | ||
| Q3 25 | $3.4B | $2.7B | ||
| Q2 25 | $3.4B | $3.1B | ||
| Q1 25 | $3.3B | $3.5B | ||
| Q4 24 | $3.3B | $3.2B | ||
| Q3 24 | $3.4B | $2.9B | ||
| Q2 24 | $3.4B | $3.5B | ||
| Q1 24 | $3.4B | $3.9B |
负债/权益比BVSMG
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $36.1M | $-370.4M |
| 自由现金流经营现金流 - 资本支出 | $-18.6M | $-390.4M |
| 自由现金流率自由现金流/营收 | -3.0% | -110.2% |
| 资本支出强度资本支出/营收 | 8.9% | 5.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $17.2M | $358.1M |
8季度趋势，按日历期对齐
经营现金流BVSMG
| Q4 25 | $36.1M | $-370.4M | ||
| Q3 25 | $84.4M | $174.1M | ||
| Q2 25 | $55.7M | $454.4M | ||
| Q1 25 | $91.2M | $188.1M | ||
| Q4 24 | $60.5M | $-445.3M | ||
| Q3 24 | $53.5M | $118.5M | ||
| Q2 24 | $42.6M | $588.0M | ||
| Q1 24 | $83.3M | $304.2M |
自由现金流BVSMG
| Q4 25 | $-18.6M | $-390.4M | ||
| Q3 25 | $26.0M | $131.2M | ||
| Q2 25 | $-47.8M | $437.5M | ||
| Q1 25 | $57.6M | $179.8M | ||
| Q4 24 | $1.8M | $-474.6M | ||
| Q3 24 | $21.1M | $101.9M | ||
| Q2 24 | $19.3M | $574.8M | ||
| Q1 24 | $70.7M | $287.9M |
自由现金流率BVSMG
| Q4 25 | -3.0% | -110.2% | ||
| Q3 25 | 3.7% | 33.9% | ||
| Q2 25 | -6.7% | 36.8% | ||
| Q1 25 | 8.7% | 12.7% | ||
| Q4 24 | 0.3% | -113.9% | ||
| Q3 24 | 2.9% | 24.6% | ||
| Q2 24 | 2.6% | 47.8% | ||
| Q1 24 | 10.5% | 18.9% |
资本支出强度BVSMG
| Q4 25 | 8.9% | 5.6% | ||
| Q3 25 | 8.3% | 11.1% | ||
| Q2 25 | 14.6% | 1.4% | ||
| Q1 25 | 5.1% | 0.6% | ||
| Q4 24 | 9.8% | 7.0% | ||
| Q3 24 | 4.4% | 4.0% | ||
| Q2 24 | 3.2% | 1.1% | ||
| Q1 24 | 1.9% | 1.1% |
现金转化率BVSMG
| Q4 25 | — | — | ||
| Q3 25 | 3.05× | — | ||
| Q2 25 | 1.72× | 3.05× | ||
| Q1 25 | 14.25× | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.09× | — | ||
| Q2 24 | 1.81× | 4.45× | ||
| Q1 24 | 2.47× | 1.93× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BV
| Landscape Maintenance | $368.0M | 60% |
| Development Services Segment | $179.2M | 29% |
| Snow Removal | $68.4M | 11% |
SMG
| Growing Media And Mulch | $111.5M | 31% |
| Lawn Care | $109.5M | 31% |
| Controls | $59.8M | 17% |
| Other Products Primarily Gardening | $23.9M | 7% |
| Restated Marketing Agreement | $19.4M | 5% |
| Growingmedia | $12.6M | 4% |
| Otherprimarilygardeningandcontrols | $10.2M | 3% |
| Other | $7.5M | 2% |
