Blue Bird Corporation (BLBD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.3	$1.28	-1.5%	—	$517.2M	—
Q2 26	$0.87	$1	+14.9%	—	$352.6M	—
Q1 26	$0.8	$1	+25.0%	—	$333.1M	—
Q4 25	$1.02	$1.32	+29.4%	—	$409.4M	—
Q3 25	$0.98	$1.19	+21.4%	—	$398M	—
Q2 25	$0.95	$0.96	+1.1%	—	$358.9M	—
Q1 25	$0.81	$0.92	+13.6%	—	$313.9M	—
Q4 24	$0.65	$0.77	+18.5%	—	$350.2M	—
Q3 24	$0.51	$0.91	+78.4%	—	$333.4M	—
Q2 24	$0.48	$0.89	+85.4%	—	$345.9M	—
Q1 24	$0.33	$0.91	+175.8%	—	$317.7M	—
Q4 23	$0.48	$0.66	+37.5%	—	$303M	—
Q3 23	$0.25	$0.44	+76.0%	—	$294.3M	—
Q2 23	$0.08	$0.27	+237.5%	—	$299.8M	—
Q1 23	-$0.32	-$0.3	+6.3%	—	$235.7M	—
Q4 22	$0.04	-$0.66	-1750.0%	—	$257.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.01	—	—	$1.5B	—
FY24	—	$3.27	—	—	$1.3B	—
FY23	—	$0.74	—	—	$1.1B	—
FY22	—	-$1.48	—	—	$800.6M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$932M	$990.6M	$1B	$1B	$879.2M	$684M	$800.6M	$1.1B	$1.3B	$1.5B
YoY change	+1.4%	+6.29%	+3.47%	-0.6%	-13.7%	-22.2%	+17.1%	+41.5%	+18.9%	+9.87%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	932M	990.6M	1B	1B	879.2M	684M	800.6M	1.1B	1.3B	1.5B
Cost of revenue	802.7M	863.2M	903M	885.4M	783M	611.9M	764.1M	993.9M	1.1B	1.2B
Gross profit	129.4M	127.4M	122M	133.5M	96.2M	72.1M	36.5M	138.8M	256.2M	303.5M
Gross margin	13.9%	12.9%	11.9%	13.1%	10.9%	10.5%	4.56%	12.3%	19%	20.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	102.7M	67.8M	86.9M	89.6M	74.2M	65.6M	77.2M	87.2M	116.8M	136.3M
Operating expenses	102.7M	67.8M	86.9M	89.6M	74.2M	65.6M	77.2M	87.2M	116.8M	136.3M
Operating income	26.6M	59.5M	35.1M	43.8M	22M	6.5M	-40.7M	51.7M	139.3M	167.2M
Operating margin	2.86%	6.01%	3.42%	4.3%	2.5%	0.95%	-5.08%	4.56%	10.3%	11.3%
Non-operating income, net	-539K	-15.1M	-1.6M	-1.3M	738K	1.2M	2.3M	-8.8M	-6M	3.4M
Pretax income	9.8M	37.4M	26.9M	29.6M	10.5M	-2M	-53.1M	25.8M	126.9M	169.6M
Income tax	5.8M	11.9M	-2.6M	7.6M	1.5M	-1.2M	-11.5M	9M	33.2M	43.9M
Net income	6.9M	28.8M	30.8M	24.3M	12.2M	-289K	-45.8M	23.8M	105.5M	127.7M
Net margin	0.74%	2.91%	3.01%	2.38%	1.39%	-0.04%	-5.72%	2.1%	7.83%	8.63%
EBITDA	34.3M	62.9M	42.6M	52.9M	37.1M	21.7M	-23.7M	60.3M	153.9M	192.4M
EPS	0.14	0.79	1.15	0.92	0.45	-0.01	-1.48	0.74	3.27	4.01
Diluted EPS	0.14	0.74	1.08	0.9	0.45	-0.01	-1.48	0.74	3.16	3.88

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	303M	317.7M	345.9M	333.4M	350.2M	313.9M	358.9M	398M	409.4M	333.1M	352.6M	517.2M
Cost of revenue	253M	254.1M	282.3M	264M	290.6M	253.6M	288M	312.1M	323M	261.9M	282M	413.8M
Gross profit	50M	63.6M	63.6M	69.4M	59.6M	60.3M	70.9M	85.9M	86.4M	71.2M	70.6M	103.4M
Gross margin	16.5%	20%	18.4%	20.8%	17%	19.2%	19.7%	21.6%	21.1%	21.4%	20%	20%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	20.8M	25.6M	27.6M	29.6M	34M	27.3M	37.1M	35.9M	36.1M	33.6M	31.5M	40.7M
Operating expenses	20.8M	25.6M	27.6M	29.6M	34M	27.3M	37.1M	35.9M	36.1M	33.6M	31.5M	40.7M
Operating income	29.2M	38M	36.1M	39.7M	25.6M	33M	33.7M	50.1M	50.3M	37.7M	39.1M	62.7M
Operating margin	9.63%	11.9%	10.4%	11.9%	7.3%	10.5%	9.39%	12.6%	12.3%	11.3%	11.1%	12.1%
Non-operating income, net	-1.3M	-2.8M	-2M	-2.7M	1.5M	2.9M	444K	-580K	626K	-211K	-2.9M	135.7M
Pretax income	24.5M	32.6M	32.3M	35.9M	26.1M	35.6M	33.6M	49.2M	51.1M	37.9M	36.6M	197M
Income tax	8.7M	8.4M	8.3M	9.9M	6.6M	8.7M	9.1M	12.4M	13.7M	9.1M	9.1M	10.2M
Net income	18.6M	26.1M	26M	28.7M	24.7M	28.7M	26M	36.5M	36.5M	30.8M	29.3M	185.3M
Net margin	6.15%	8.23%	7.52%	8.61%	7.04%	9.15%	7.26%	9.16%	8.92%	9.23%	8.31%	35.8%
EBITDA	32.5M	41.4M	38.8M	41.6M	32M	41.4M	39.3M	54.9M	56.8M	43.4M	42.2M	207.7M
EPS	—	0.81	0.81	0.89	0.76	0.89	0.82	1.16	1.15	0.97	0.93	5.41
Diluted EPS	—	0.81	0.79	0.85	0.73	0.86	0.79	1.12	1.11	0.94	0.9	5.27

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	310.5M	480.9M	618.9M	503.6M	326.5M	566.1M	—	684.7M	1.5B	1.8B	1.8B
Enterprise value	410.3M	569.5M	700.7M	620.4M	463.3M	769.7M	—	737.7M	1.5B	1.7B	1.8B
Shares outstanding	21.3M	23.3M	25.3M	26.5M	26.9M	27.1M	31M	32.1M	32.3M	31.9M	31.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	45	16.7	20.1	20.7	26.8	—	—	28.8	14.7	14.4	6.88
P/S	0.33	0.49	0.6	0.49	0.37	0.83	—	0.6	1.15	1.24	1.14
P/B	-3.57	-8.22	-21.8	-7.43	-6.13	-17.3	—	17.1	9.7	7.18	2.81
EV/EBITDA	12	9.05	16.5	11.7	12.5	35.4	—	12.2	9.85	8.81	8.87
EV/Sales	0.44	0.57	0.68	0.61	0.53	1.13	—	0.65	1.13	1.14	1.14
Earnings yield	2.22%	5.99%	4.98%	4.83%	3.73%	—	—	3.48%	6.82%	6.97%	14.5%
FCF yield	5%	7.98%	2.62%	4.01%	-4.75%	-11.7%	—	16.3%	6.19%	8.36%	-0.58%
PEG	—	—	—	—	—	—	—	—	—	—	0.02

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	13.9%	12.9%	11.9%	13.1%	10.9%	10.5%	4.56%	12.3%	19%	20.5%	20%
Operating margin	2.86%	6.01%	3.42%	4.3%	2.5%	0.95%	-5.08%	4.56%	10.3%	11.3%	12.1%
Net margin	0.74%	2.91%	3.01%	2.38%	1.39%	-0.04%	-5.72%	2.1%	7.83%	8.63%	17.5%
ROE	-7.93%	-49.2%	-108.8%	-35.8%	-22.9%	0.88%	-3.3K%	59.5%	66.1%	50%	64.3%
ROA	2.48%	9.74%	10%	6.65%	3.84%	-0.08%	-12.5%	5.7%	20.1%	20.4%	13.6%
ROIC	85%	135%	65.5%	66.6%	22.5%	3.82%	-24.9%	36.3%	80.5%	106.4%	25.2%
Return on tangible assets	5.69%	20.1%	19.4%	11.1%	6.9%	-0.13%	-19.6%	8.23%	26.4%	25.3%	98.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.02	1.16	1.01	1.01	1.05	1.25	1.06	1.03	1.37	1.74	1.64
Quick ratio	0.6	0.61	0.62	0.55	0.54	0.25	0.19	0.44	0.83	1.15	0.67
Debt / equity	-1.75	-2.58	-5.02	-2.77	-3.41	-6.59	124.7	3.3	0.6	0.35	0.18
Debt / assets	0.55	0.51	0.46	0.51	0.57	0.6	0.47	0.32	0.18	0.14	0.1
Net debt / EBITDA	2.91	1.41	1.92	2.21	3.68	9.36	-6.83	0.88	-0.21	-0.72	-0
Interest coverage	1.6	6.15	5.03	3.3	1.86	0.8	-2.62	2.43	13	24.5	48.4
Effective tax rate	59.1%	31.7%	0%	25.6%	14.5%	0%	0%	34.7%	26.2%	25.9%	13.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	43.9	42.4	40.6	38.5	32.7	25.2	25.8	35.3	41.7	46.5	49.8
EPS (basic)	0.14	0.79	1.15	0.92	0.45	-0.01	-1.48	0.74	3.27	4.01	4.01
EPS (diluted)	0.14	0.74	1.08	0.9	0.45	-0.01	-1.48	0.74	3.16	3.88	8.45
Book value per share	-4.09	-2.51	-1.12	-2.56	-1.98	-1.2	0.04	1.25	4.94	8.02	20.7
FCF per share	0.73	1.64	0.64	0.76	-0.58	-2.45	-1	3.47	2.97	4.81	4.36
Cash per share	2.46	2.68	2.39	2.68	1.66	0.43	0.34	2.46	3.96	7.2	3.69
Capex per share	0.45	0.39	1.27	1.34	0.7	0.42	0.21	0.27	0.47	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.03%	0.93%	3.13%	3.48%	2.14%	1.65%	0.81%	0.75%	1.13%	—	—
Capex / operating cash flow	37.4%	23.6%	54.8%	82.3%	76.9%	-31.6%	-35.1%	9.38%	15.6%	—	—
Payout ratio	41.8%	14.8%	6.15%	0%	0%	—	—	—	—	—	0%
Dividend yield	0.93%	0.89%	0.31%	0%	0%	—	—	—	—	—	—

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$303M	$317.7M	$345.9M	$333.4M	$350.2M	$313.9M	$358.9M	$398M	$409.4M	$333.1M	$352.6M	$517.2M
YoY change	+17.6%	+34.8%	+15.4%	+13.3%	+15.6%	-1.19%	+3.74%	+19.4%	+16.9%	+6.12%	-1.73%	+29.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	52.3M	62.6M	60.3M	71M	44.5M	11.7M	10.5M	79M	127.7M	229.3M
Receivables	20.3M	10.1M	24.1M	10.5M	7.6M	10M	12.5M	12.6M	59.1M	20.6M
Inventory	53.8M	76.2M	57.3M	78.8M	56.5M	125.2M	143M	135.3M	127.8M	139.5M
Total current assets	132.5M	160.4M	149.8M	172.1M	116.9M	156.1M	174.5M	236.1M	323.4M	411.6M
Property, plant & equipment	18.9M	16.3M	43.5M	59.1M	63.8M	63.7M	44.8M	31.9M	32.4M	41.8M
Goodwill & intangibles	156.6M	152.6M	148.6M	147.1M	140.9M	136.5M	132.5M	128.5M	124.8M	121M
Total assets	277.9M	295.8M	307.4M	365.4M	317.4M	356M	366.1M	417.8M	524.9M	625.3M
Accounts payable	80.6M	87.3M	95.8M	102.3M	57.6M	72.3M	107.9M	137.1M	143.2M	151.5M
Short-term debt	11.8M	8M	9.9M	10.6M	11.2M	16.2M	20.4M	20.4M	6M	5M
Total current liabilities	130.5M	138.8M	148.9M	169.7M	111.6M	124.8M	164.8M	229.6M	236M	236.8M
Long-term debt	140.4M	143.2M	132.2M	177.1M	170.1M	199.1M	152M	111.5M	90M	85.3M
Total liabilities	364.8M	354.3M	335.8M	433.2M	370.6M	388.7M	364.7M	377.8M	365.3M	369.8M
Shareholders' equity	-87M	-58.5M	-28.3M	-67.8M	-53.2M	-32.7M	1.4M	40M	159.6M	255.4M
Total debt	152.1M	151.2M	142.1M	187.8M	181.3M	215.3M	172.3M	131.9M	96M	90.3M
Net debt	99.8M	88.6M	81.9M	116.8M	136.8M	203.6M	161.9M	52.9M	-31.7M	-139M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	79M	77.3M	93.1M	88.4M	127.7M	136.1M	130.7M	173.1M	229.3M	241.7M	275.9M	116.8M
Receivables	12.6M	11.1M	11.4M	34M	59.1M	14M	15.8M	21.1M	20.6M	10.8M	12.9M	53.5M
Inventory	135.3M	142.5M	145.4M	144.5M	127.8M	163.1M	163.8M	151M	139.5M	140.9M	144.8M	302.5M
Total current assets	236.1M	243.3M	269.4M	275.7M	323.4M	330.9M	328.4M	360.7M	411.6M	425.8M	466.6M	513.7M
Property, plant & equipment	31.9M	96.4M	95.2M	98.1M	32.4M	98.5M	104.1M	103.8M	41.8M	—	—	193.8M
Goodwill & intangibles	128.5M	127.6M	126.6M	125.7M	124.8M	123.8M	122.9M	122M	121M	120.1M	119.2M	879.9M
Total assets	417.8M	431.3M	456.5M	468.1M	524.9M	535.2M	543.7M	575.5M	625.3M	642.3M	689.4M	1.2B
Accounts payable	137.1M	113.9M	138.8M	128.1M	143.2M	137.8M	153.7M	150.2M	151.5M	121.7M	127.1M	175M
Short-term debt	20.4M	6M	5.9M	6.1M	6M	5.4M	5.4M	5M	5M	5M	5M	6M
Total current liabilities	229.6M	187.8M	219.8M	197.6M	236M	229.4M	226.6M	228.6M	236.8M	235.1M	254.3M	313.3M
Long-term debt	111.5M	130.2M	92.7M	91.2M	90M	88.8M	87.7M	86.5M	85.3M	84.2M	83M	109.8M
Total liabilities	377.8M	355.7M	350.7M	330.8M	365.3M	355.5M	353.3M	353.6M	369.8M	371M	391.4M	511.6M
Shareholders' equity	40M	75.6M	105.8M	137.3M	159.6M	179.7M	190.4M	221.8M	255.4M	271.4M	297.9M	654.9M
Total debt	131.9M	136.1M	98.6M	97.3M	96M	94.3M	93M	91.5M	90.3M	89.2M	88M	115.8M
Net debt	52.9M	58.8M	5.5M	8.9M	-31.7M	-41.8M	-37.7M	-81.6M	-139M	-152.6M	-187.9M	-1.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	6.9M	28.8M	30.8M	24.3M	12.2M	-289K	-45.8M	23.8M	105.5M	127.7M
Depreciation & amortization	8M	8.2M	9M	10.4M	14.4M	13.4M	14.1M	16M	14.8M	15.6M
Stock-based compensation	12.7M	1.3M	2.6M	4.3M	4.1M	5.9M	3.7M	4.2M	8.6M	14.8M
Change in working capital	-14M	-9.2M	9.7M	-6.3M	-10M	-57.4M	7.9M	36.8M	-31.4M	19M
Operating cash flow	25.6M	39.1M	58.6M	43.1M	24.4M	-35.8M	-18.4M	90.9M	97.8M	176.2M
Capital expenditure	-9.6M	-9.2M	-32.1M	-35.5M	-18.8M	-11.3M	-6.5M	-8.5M	-15.3M	—
Investing cash flow	-9.6M	-9.2M	-32.1M	-35.5M	-18.8M	-11.3M	-6.5M	-8.5M	-15.8M	-1M
Dividends paid	-2.9M	-4.3M	-1.9M	0	0	—	—	—	—	—
Share repurchases	0	-34.3M	-26.6M	-50.4M	0	-517K	-1.7M	-376K	-11.1M	-49.4M
Financing cash flow	-27.9M	-51.2M	-40.7M	-11M	-210.8M	75.8M	4.4M	-44M	-50.4M	-55.4M
Net change in cash	-11.8M	-21.3M	-14.2M	-3.4M	-205.1M	28.7M	-20.5M	38.3M	31.7M	119.8M
Free cash flow	15.5M	38.4M	16.2M	20.2M	-15.5M	-66.5M	-30.9M	111.4M	95.8M	153.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	18.6M	26.1M	26M	28.7M	24.7M	28.7M	26M	36.5M	36.5M	30.8M	29.3M	185.3M
Depreciation & amortization	3.9M	3.6M	3.6M	3.7M	3.9M	3.9M	3.9M	4M	3.9M	4M	4.1M	8.7M
Stock-based compensation	1.9M	2.1M	2.5M	2.5M	1.6M	2.5M	7.4M	3M	1.9M	2.4M	1.7M	1.5M
Change in working capital	-5.8M	-31.9M	15.2M	-23.3M	8.6M	-4.9M	11.2M	7.1M	5.6M	-30.5M	-2.5M	-13.2M
Operating cash flow	26.5M	2.8M	48.1M	14M	33M	28.1M	46.8M	56.9M	65.1M	36.6M	47.8M	31M
Capital expenditure	-2.1M	-2.9M	-2.7M	-4.5M	-5.1M	-4.6M	-9M	—	—	—	—	—
Investing cash flow	-2.1M	-2.9M	-2.7M	-4.5M	-5.1M	-5.1M	-9M	-350K	-150K	-190K	0	-49.6M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	0	—	—	-11.5M	-23M	-4.5M	-10.4M	-17.3M	-5.2M	2.6M
Financing cash flow	-5.1M	1.1M	-37.6M	-1.4M	-1.4M	-13.3M	-24.3M	-6.2M	-11.7M	-18.6M	-6.4M	-128.5M
Net change in cash	19.3M	993K	7.8M	8.1M	26.4M	9.7M	13.5M	50.4M	53.3M	17.8M	41.3M	-147.1M
Free cash flow	33.7M	-2.7M	51.8M	-3.5M	50.2M	21.8M	18.7M	52.3M	60.5M	31.1M	39.9M	21.7M

Blue Bird Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement