BLBD

MKT CAP:$2B

Blue Bird Corporation

Market Cap

$2B

Consumer Cyclical·Auto - Manufacturers·🇺🇸 United States·NASDAQ

Consumer Cyc.·Auto·🇺🇸·NASDAQ

Stock Price

$64.00+$17.24 (+36.87%)

Apr 24, 2026

Company Details

Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and spec...

CEO

John Wyskiel

IPO Date

Mar 20, 2014

Website

www.blue-bird.com

Key Metrics TTM

Revenue

$1.5B

+11.6% YoY

Net Income

$130M

EPS (Diluted)

$3.96

Free Cash Flow

$163M

Revenue / Share

$45.96

Gross Margin

21.0%

Operating Margin

11.5%

Net Margin

8.7%

FCF Margin

10.8%

P/S

1.4x

P/E

15.8x

Earnings Reports

Q2 2026

May 6, 2026

PENDING

Q1 2026

Feb 4, 2026

$333M+6.1%EPS $0.94

FY 2025

Nov 24, 2025

$1.5B+9.9%EPS $3.88

Q4 2025

Nov 24, 2025

$409M+16.9%EPS $1.11

Q3 2025

Aug 6, 2025

$398M+19.4%EPS $1.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$208M	$3M	-$17M
Q3 22	$206M	$22M	$1M
Q4 22	$258M	-$4M	-$23M
Q1 23	$236M	$7M	-$9M
Q2 23	$300M	$36M	$12M
Q3 23	$294M	$46M	$19M
Q4 23	$303M	$50M	$29M
Q1 24	$318M	$64M	$38M
Q2 24	$346M	$64M	$36M
Q3 24	$333M	$69M	$40M
Q4 24	$350M	$60M	$26M
Q1 25	$314M	$60M	$33M
Q2 25	$359M	$71M	$34M
Q3 25	$398M	$86M	$50M
Q4 25	$409M	$86M	$50M
Q1 26	$333M	$71M	$38M

Valuation

Quarter	P/S	P/E
Q2 22	0.9x	—
Q3 22	0.5x	—
Q4 22	0.4x	—
Q1 23	0.5x	—
Q2 23	0.6x	—
Q3 23	0.7x	—
Q4 23	0.6x	28.5x
Q1 24	0.7x	13.0x
Q2 24	1.0x	15.4x
Q3 24	1.3x	16.5x
Q4 24	1.2x	14.7x
Q1 25	0.9x	11.6x
Q2 25	0.8x	9.6x
Q3 25	1.0x	11.9x
Q4 25	1.2x	14.2x
Q1 26	1.1x	12.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$22M	$20M
Q3 22	-$43M	-$44M
Q4 22	$30M	$28M
Q1 23	$20M	$19M
Q2 23	$25M	$22M
Q3 23	$39M	$37M
Q4 23	$36M	$34M
Q1 24	$217.0K	-$3M
Q2 24	$55M	$52M
Q3 24	$989.0K	-$4M
Q4 24	$55M	$50M
Q1 25	$26M	$22M
Q2 25	$28M	$19M
Q3 25	$57M	$52M
Q4 25	$65M	$60M
Q1 26	$37M	$31M

Capital Expenditures

Quarter	CapEx
Q2 22	$2M
Q3 22	$1M
Q4 22	$2M
Q1 23	$1M
Q2 23	$3M
Q3 23	$3M
Q4 23	$2M
Q1 24	$3M
Q2 24	$3M
Q3 24	$4M
Q4 24	$5M
Q1 25	$5M
Q2 25	$9M
Q3 25	$5M
Q4 25	$5M
Q1 26	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+26.1%	+37.2%
Q3 22	+4.8%	+8.7%
Q4 22	+34.1%	+44.2%
Q1 23	+82.4%	+86.7%
Q2 23	+44.4%	+28.1%
Q3 23	+42.8%	+34.1%
Q4 23	+17.6%	-2.5%
Q1 24	+34.8%	+14.1%
Q2 24	+15.4%	+7.8%
Q3 24	+13.3%	+6.8%
Q4 24	+15.6%	+18.6%
Q1 25	-1.2%	+0.4%
Q2 25	+3.7%	+4.9%
Q3 25	+19.4%	+18.5%
Q4 25	+16.9%	+10.6%
Q1 26	+6.1%	+5.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$813.0K	0.4%
Q3 22	$667.0K	0.3%
Q4 22	$537.0K	0.2%
Q1 23	$589.0K	0.2%
Q2 23	$699.0K	0.2%
Q3 23	$941.0K	0.3%
Q4 23	$2M	0.6%
Q1 24	$2M	0.6%
Q2 24	$2M	0.7%
Q3 24	$2M	0.7%
Q4 24	$2M	0.5%
Q1 25	$3M	0.8%
Q2 25	$7M	2.1%
Q3 25	$3M	0.7%
Q4 25	$2M	0.5%
Q1 26	$2M	0.7%

OpEx Breakdown

Quarter	SG&A
Q2 22	$20M
Q3 22	$21M
Q4 22	$19M
Q1 23	$17M
Q2 23	$23M
Q3 23	$26M
Q4 23	$21M
Q1 24	$26M
Q2 24	$28M
Q3 24	$30M
Q4 24	$34M
Q1 25	$27M
Q2 25	$37M
Q3 25	$36M
Q4 25	$36M
Q1 26	$34M

Revenue Segments

Quarter	Alternative Fuel Buses	Diesel Buses	Parts	Product and Service, Other
Q2 22	$83M	$96M	$19M	$10M
Q3 22	$97M	$79M	$19M	$11M
Q1 23	$132M	$71M	$22M	$10M
Q2 23	$171M	$90M	$26M	$13M
Q3 23	$172M	$87M	$23M	$11M
Q4 23	$173M	$93M	$25M	$11M
Q1 24	$195M	$85M	$24M	$14M
Q2 24	$180M	$123M	$27M	$15M
Q3 24	$185M	$110M	$25M	$13M
Q1 25	$149M	$124M	$25M	$15M
Q2 25	$199M	$118M	$25M	$16M
Q3 25	$234M	$126M	$25M	$13M
Q4 25	$216M	$156M	$25M	$14M
Q1 26	$151M	$145M	$25M	$12M

Revenue by Geography

Quarter	Canada	Rest of World	United States
Q2 22	$12M	$1M	$194M
Q3 22	$12M	$503.0K	$194M
Q1 23	$31M	$670.0K	$205M
Q2 23	$32M	$3M	$264M
Q3 23	$10M	$2M	$283M
Q4 23	$6M	$63.0K	$297M
Q1 24	$15M	$9.0K	$303M
Q2 24	$29M	$274.0K	$317M
Q3 24	$42M	$189.0K	$291M
Q1 25	$25M	$1M	$288M
Q2 25	$59M	$106.0K	$299M
Q3 25	$45M	$274.0K	$353M
Q4 25	$35M	$341.0K	$374M
Q1 26	$54M	$87.0K	$279M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$15M	$0	$15M
Q3 22	$27M	$0	$27M
Q4 22	$10M	$0	$10M
Q1 23	$6M	$0	$6M
Q2 23	$18M	$0	$18M
Q3 23	$50M	$0	$50M
Q4 23	$79M	$0	$79M
Q1 24	$77M	$0	$77M
Q2 24	$93M	$0	$93M
Q3 24	$88M	$0	$88M
Q4 24	$128M	$0	$128M
Q1 25	$136M	$0	$136M
Q2 25	$131M	$0	$131M
Q3 25	$173M	$0	$173M
Q4 25	$229M	$0	$229M
Q1 26	$242M	$0	$242M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	32M	+13.7%	+17.9%
Q3 22	32M	+0.0%	+16.6%
Q4 22	32M	+0.1%	+17.7%
Q1 23	32M	+0.0%	+13.9%
Q2 23	32M	+0.9%	+1.1%
Q3 23	33M	+0.9%	+1.9%
Q4 23	32M	-0.7%	+1.1%
Q1 24	32M	+0.2%	+1.3%
Q2 24	33M	+2.0%	+2.3%
Q3 24	34M	+1.8%	+3.2%
Q4 24	34M	+0.2%	+4.2%
Q1 25	33M	-1.1%	+2.9%
Q2 25	33M	-1.4%	-0.6%
Q3 25	33M	-0.9%	-3.2%
Q4 25	33M	+0.8%	-2.6%
Q1 26	33M	-0.7%	-2.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$116.0K	2K
Q3 22	$115.1K	2K
Q4 22	$144.0K	2K
Q1 23	$147.7K	2K
Q2 23	$187.9K	2K
Q3 23	$184.4K	2K
Q4 23	$165.6K	2K
Q1 24	$173.6K	2K
Q2 24	$189.0K	2K
Q3 24	$182.2K	2K
Q4 24	$179.8K	2K
Q1 25	$161.1K	2K
Q2 25	$184.2K	2K
Q3 25	$204.3K	2K
Q4 25	$203.5K	2K
Q1 26	$165.5K	2K

Revenue / Employee