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BLBD

Blue Bird Corporation

BLBD

Blue Bird Corporation • NASDAQ
$52.22 ▼ -0.99% (-0.52)
Market Cap $1.66 B
52w High $61.95
52w Low $30.04
Dividend Yield 0%
P/E 13.46
Volume 189.81K
Outstanding Shares 31.71M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $409.365M ▲ $36.07M ▲ $36.497M ▲ 8.916% ▼ $1.15 ▼ $50.344M ▼
Q3-2025 $398.011M ▲ $35.859M ▼ $36.455M ▲ 9.159% ▲ $1.16 ▲ $54.933M ▲
Q2-2025 $358.851M ▲ $37.143M ▲ $26.046M ▼ 7.258% ▼ $0.82 ▼ $39.267M ▼
Q1-2025 $313.872M ▼ $27.275M ▼ $28.722M ▲ 9.151% ▲ $0.89 ▲ $41.382M ▲
Q4-2024 $350.212M $34.027M $24.663M 7.042% $0.76 $32.014M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $229.313M ▲ $625.255M ▲ $133.041M ▼ $255.415M ▲
Q3-2025 $173.066M ▲ $575.45M ▲ $353.603M ▲ $221.847M ▲
Q2-2025 $130.749M ▼ $543.698M ▲ $353.306M ▼ $190.392M ▲
Q1-2025 $136.119M ▲ $535.222M ▲ $355.517M ▼ $179.705M ▲
Q4-2024 $127.687M $524.894M $365.33M $159.564M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $36.455M ▲ $56.916M ▲ $-4.949M ▲ $-9.65M ▲ $42.317M ▲ $52.317M ▲
Q2-2025 $26.046M ▼ $27.77M ▲ $-9.022M ▼ $-24.118M ▼ $-5.37M ▼ $27.77M ▲
Q1-2025 $28.722M ▲ $26.41M ▼ $-5.094M ▲ $-12.884M ▼ $8.432M ▼ $21.816M ▼
Q4-2024 $24.663M ▼ $55.352M ▲ $-5.678M ▼ $-10.403M ▼ $39.271M ▲ $50.226M ▲
Q3-2024 $28.711M $989K $-4.494M $-1.175M $-4.68M $-3.505M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Alternative Fuel Buses
Alternative Fuel Buses
 $150.00M ▲$200.00M ▲$230.00M ▲$220.00M ▼
Diesel Buses
Diesel Buses
 $120.00M ▲$120.00M ▲$130.00M ▲$160.00M ▲
Parts
Parts
 $30.00M ▲$30.00M ▲$30.00M ▲$20.00M ▼
Product and Service Other
Product and Service Other
 $20.00M ▲$20.00M ▲$10.00M ▼$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Blue Bird’s income statement shows a clear turnaround story. Revenue has grown steadily over the past few years, and the pace of growth has picked up recently. Profitability has improved sharply: the business has moved from losses to solid operating and net profits, with healthier margins at each level of the income statement. This suggests better pricing, mix, or cost control, and likely some benefit from higher adoption of its newer products. The flip side is that demand is still tied to school district budgets, economic conditions, and government support for cleaner vehicles, so current strength may not be perfectly smooth over time.

Balance Sheet

Balance Sheet The limited balance sheet data points to a company that is still somewhat leveraged but improving. Debt remains meaningful relative to the size of the business, while the equity base looks relatively thin, reflecting years of tighter margins and prior losses. Cash on hand provides a cushion but not an overly large one, so disciplined capital allocation continues to matter. As profits compound, the balance sheet should gradually strengthen, but the company is not in a “fortress” position and would be more exposed in a sharp downturn or if orders suddenly slowed.

Cash Flow

Cash Flow Cash flow has improved in line with earnings. The company has shifted from consuming cash to generating it from its core operations, and after relatively modest investment spending, it now produces positive free cash flow. This means the business is increasingly able to fund its own growth, service debt, and invest in new technologies without relying entirely on external financing. That said, working capital swings in a project- and order-driven business can be lumpy, so cash generation may not be perfectly consistent year to year.

Competitive Edge

Competitive Edge Blue Bird holds a strong niche position as a focused, long-standing school bus manufacturer. Its brand is highly recognized and associated with safety and reliability, and its dedicated dealer and service network gives it deep reach into school districts across North America. A singular focus on school transportation, combined with leadership in propane and electric buses, creates a meaningful moat versus generalist vehicle makers. However, it still faces competition from other entrenched bus manufacturers and emerging electric-vehicle players, and pricing power can be limited by budget-constrained, bid-driven customers who rely heavily on public funding and grants.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic pillar. Blue Bird has invested early and consistently in alternative fuels and electric drivetrains, building a broad lineup across electric, propane, natural gas, and cleaner diesel buses. Partnerships with established powertrain and technology providers, as well as vehicle-to-grid capabilities, give its products a technology edge and potential value-add for customers. The new electric vehicle build-up facility and push into commercial platforms, such as stripped chassis and step vans, show an intent to leverage its expertise beyond school buses. The opportunity is significant, but execution, technology evolution, and policy shifts around emissions and incentives all introduce uncertainty.

Summary

Overall, Blue Bird has transitioned from a low-margin, occasionally loss-making manufacturer into a more profitable, cash-generative business aligned with powerful trends in clean transportation and school safety. Its long history, strong brand, and focused dealer network underpin a solid competitive position, while its leadership in propane and electric school buses positions it well as fleets modernize and decarbonize. At the same time, the company still carries a meaningful debt load, operates with a relatively lean equity base, and depends heavily on public-sector budgets, grants, and regulatory support. The recent financial and operational momentum is encouraging, but the story remains sensitive to the economic cycle, policy changes, and the pace of adoption of new technologies.

NEWS

November 24, 2025 · 4:01 PM UTC

Blue Bird Reports Fiscal 2025 Fourth Quarter and Full-Year Results; Beats Guidance With Record Results

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November 10, 2025 · 1:03 PM UTC

Blue Bird to Report Fiscal 2025 Fourth Quarter and Full Year Results on November 24, 2025

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October 29, 2025 · 10:00 AM UTC

Blue Bird Welcomes New Dealership in Alabama

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October 28, 2025 · 1:39 PM UTC

Blue Bird's Foundation Promotes Education, Health and Safety Programs in Georgia

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October 24, 2025 · 1:01 PM UTC

Guilford County Schools Unveils First Propane School Buses

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