NASDAQ : BLBD
Blue Bird Corporation — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 56.35 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.78B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Blue Bird Corporation (BLBD) reported revenue of 1.61B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.61B | 1.48B | 1.35B | 1.13B | 800.64M | 684.00M |
| Cost of Revenue | 1.28B | 1.18B | 1.09B | 993.94M | 764.09M | 611.85M |
| Gross Profit | 331.66M | 303.51M | 256.16M | 138.85M | 36.55M | 72.14M |
| Selling, General & Admin | 126.79M | 119.40M | 107.57M | 81.31M | 67.64M | 55.25M |
| Research & Development | 15.20M | 15.20M | 9.40M | 6.60M | 6.10M | 5.20M |
| Operating Expenses | 141.99M | 134.60M | 116.97M | 87.91M | 73.74M | 60.45M |
| Operating Income | 189.67M | 168.91M | 139.19M | 50.95M | -37.19M | 11.69M |
| Interest Expense | -6.81M | -7.20M | -10.58M | -18.01M | -14.68M | -9.68M |
| Interest & Investment Income | 6.42M | 6.19M | 4.14M | 1.00M | 9.00K | 4.00K |
| Earnings From Equity Investments | 1.33M | 2.08M | 11.84M | 6.96M | -4.16M | 498.00K |
| Other Non Operating Income (Expenses) | 2.12M | 1.66M | -4.25M | -7.59M | -13.00K | 87.00K |
| EBT Excluding Unusual Items | 192.73M | 171.65M | 140.33M | 33.30M | -56.03M | 2.60M |
| Other Unusual Items | 140.96M | -1.56M | -537.00K | -1.18M | -4.08M | |
| Pretax Income | 323.93M | 171.65M | 138.78M | 32.77M | -57.21M | -1.48M |
| Income Tax Expense | 42.12M | 43.93M | 33.23M | 8.95M | -11.45M | -1.19M |
| Earnings From Continuing Operations | 281.81M | 127.72M | 105.55M | 23.81M | -45.76M | -289.00K |
| Net Income | 281.81M | 127.72M | 105.55M | 23.81M | -45.76M | -289.00K |
| Net Income to Common | 281.81M | 127.72M | 105.55M | 23.81M | -45.76M | -289.00K |
| Shares Outstanding (Basic) | 32.35M | 31.86M | 32.27M | 32.07M | 31.02M | 27.14M |
| Shares Outstanding (Diluted) | 33.21M | 32.88M | 33.35M | 32.26M | 31.02M | 27.14M |
| EPS (Basic) | 8.71 | 4.01 | 3.27 | 0.74 | -1.48 | -0.01 |
| EPS (Diluted) | 8.48 | 3.88 | 3.16 | 0.74 | -1.48 | -0.01 |
| Free Cash Flow | 153.14M | 153.34M | 95.85M | 111.41M | -30.89M | -66.45M |
| Free Cash Flow Per Share | 4.61 | 4.66 | 2.87 | 3.45 | -1.00 | -2.45 |
| Gross Margin | 20.57% | 20.51% | 19.02% | 12.26% | 4.57% | 10.55% |
| Operating Margin | 11.76% | 11.41% | 10.33% | 4.50% | -4.64% | 1.71% |
| Profit Margin | 17.48% | 8.63% | 7.83% | 2.10% | -5.71% | -0.04% |
| Free Cash Flow Margin | 9.50% | 10.36% | 7.12% | 9.84% | -3.86% | -9.71% |
| EBITDA | 207.48M | 182.90M | 152.41M | 65.12M | -24.24M | 25.14M |
| EBITDA Margin | 12.87% | 12.36% | 11.31% | 5.75% | -3.03% | 3.67% |
| D&A For EBITDA | 17.81M | 13.99M | 13.22M | 14.18M | 12.95M | 13.45M |
| EBIT | 189.67M | 168.91M | 139.19M | 50.95M | -37.19M | 11.69M |
| EBIT Margin | 11.76% | 11.41% | 10.33% | 4.50% | -4.64% | 1.71% |
| Effective Tax Rate | 13.00% | 25.59% | 23.94% | 27.32% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 116.82M | 229.31M | 127.69M | 78.99M | 10.48M | 11.71M |
| Cash & Short-Term Investments | 116.82M | 229.31M | 127.69M | 78.99M | 10.48M | 11.71M |
| Receivables | 53.50M | 20.65M | 59.10M | 12.57M | 12.53M | 9.97M |
| Inventory | 302.47M | 139.47M | 127.80M | 135.29M | 142.98M | 125.21M |
| Other Current Assets | 40.92M | 22.20M | 8.79M | 9.21M | 8.49M | 9.19M |
| Total Current Assets | 513.71M | 411.63M | 323.38M | 236.06M | 174.48M | 156.07M |
| Property, Plant & Equipment | 193.78M | 108.54M | 97.65M | 96.14M | 102.34M | 110.97M |
| Long-Term Investments | 27.00K | 35.20M | 32.09M | 17.62M | 10.66M | 14.82M |
| Goodwill | 264.10M | 18.82M | 18.82M | 18.82M | 18.82M | 18.82M |
| Other Intangible Assets | 175.83M | 41.69M | 43.55M | 45.42M | 47.43M | 49.44M |
| Long-Term Deferred Tax Assets | 2.70M | 2.40M | 2.18M | 10.91M | 4.41M | |
| Other Long-Term Assets | 19.07M | 6.68M | 6.99M | 1.52M | 1.48M | 1.48M |
| Total Assets | 1.17B | 625.25M | 524.89M | 417.77M | 366.13M | 356.02M |
| Accounts Payable | 174.96M | 151.48M | 143.16M | 137.14M | 107.94M | 72.27M |
| Accrued Expenses | 66.39M | 55.16M | 55.77M | 32.89M | 16.39M | 12.27M |
| Current Portion of Long-Term Debt | 5.00M | 5.00M | 5.00M | 19.80M | 19.80M | 14.85M |
| Current Portion of Leases | 976.00K | 2.28M | 2.85M | 2.18M | 2.72M | 2.48M |
| Current Unearned Revenue | 42.03M | 11.33M | 11.62M | 26.60M | 7.21M | 7.83M |
| Other Current Liabilities | 23.99M | 11.55M | 17.57M | 11.01M | 10.73M | 15.08M |
| Total Current Liabilities | 313.35M | 236.80M | 235.97M | 229.62M | 164.77M | 124.78M |
| Long-Term Debt | 81.81M | 85.32M | 89.99M | 110.54M | 150.39M | 194.57M |
| Long-Term Leases | 27.96M | 4.01M | 2.98M | 4.59M | 6.15M | 10.07M |
| Long-Term Unearned Revenue | 24.26M | 22.37M | 18.54M | 15.02M | 11.59M | 12.31M |
| Pension & Post-Retirement Benefits | 2.40M | 16.02M | 22.75M | |||
| Long-Term Deferred Tax Liabilities | 32.93M | 5.44M | 2.78M | 2.51M | 3.67M | |
| Other Long-Term Liabilities | 31.32M | 15.90M | 15.06M | 13.07M | 15.81M | 20.52M |
| Total Liabilities | 511.63M | 369.84M | 365.33M | 377.77M | 364.74M | 388.68M |
| Common Stock | 3.00K | 3.00K | 3.00K | 3.00K | 3.00K | 3.00K |
| Additional Paid-In Capital | 342.12M | 195.47M | 185.98M | 177.86M | 173.10M | 96.17M |
| Retained Earnings | 313.56M | 88.19M | -55.70M | -79.51M | -33.75M | |
| Treasury Stock | -50.28M | -50.28M | -50.28M | |||
| Comprehensive Income & Other | -783.00K | -28.25M | -26.42M | -31.88M | -41.93M | -44.79M |
| Total Common Equity | 654.89M | 255.41M | 159.56M | 40.00M | 1.38M | -32.66M |
| Shareholders' Equity | 654.89M | 255.41M | 159.56M | 40.00M | 1.38M | -32.66M |
| Total Liabilities & Equity | 1.17B | 625.25M | 524.89M | 417.77M | 366.13M | 356.02M |
| Total Debt | 115.75M | 96.61M | 100.82M | 137.12M | 179.06M | 221.97M |
| Net Cash (Debt) | 1.07M | 132.71M | 26.87M | -58.13M | -168.58M | -210.27M |
| Net Cash Per Share | 0.03 | 4.04 | 0.81 | -1.80 | -5.43 | -7.75 |
| Filing Date Shares Outstanding | 31.68M | 31.71M | 32.27M | 32.17M | 32.02M | 27.28M |
| Total Common Shares Outstanding | 31.68M | 31.88M | 32.27M | 32.17M | 32.02M | 27.21M |
| Working Capital | 200.36M | 174.83M | 87.41M | 6.44M | 9.70M | 31.29M |
| Book Value Per Share | 20.67 | 8.01 | 4.94 | 1.24 | 0.04 | -1.20 |
| Tangible Book Value | 214.96M | 194.91M | 97.19M | -24.25M | -64.88M | -100.92M |
| Tangible Book Value Per Share | 6.79 | 6.11 | 3.01 | -0.75 | -2.03 | -3.71 |
| Land | 7.53M | 2.50M | 2.50M | 2.50M | 2.50M | |
| Buildings | 66.73M | 65.24M | 64.21M | 57.57M | 47.31M | |
| Machinery | 155.51M | 144.23M | 138.26M | 128.54M | 123.25M | |
| Construction In Progress | 13.99M | 12.41M | 7.15M | 15.00M | 25.55M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 281.81M | 127.72M | 105.55M | 23.81M | -45.76M | -289.00K |
| Depreciation & Amortization | 20.71M | 15.59M | 14.82M | 15.98M | 14.05M | 13.45M |
| Loss (Gain) From Sale of Assets | 61.00K | 325.00K | 200.00K | 64.00K | 15.00K | -679.00K |
| Asset Writedown & Restructuring Costs | 1.35M | |||||
| Loss (Gain) on Equity Investments | -1.33M | -2.08M | -6.50M | -6.96M | 4.16M | -498.00K |
| Stock-Based Compensation | 7.44M | 14.79M | 8.61M | 4.17M | 3.69M | 5.94M |
| Other Operating Activities | -131.78M | 3.55M | 961.00K | 11.27M | 5.48M | 4.29M |
| Change in Accounts Receivable | -32.39M | 38.45M | -46.52M | -40.00K | -2.57M | -2.35M |
| Change in Inventory | -6.32M | -11.67M | 7.49M | 7.69M | -26.52M | -68.68M |
| Change in Accounts Payable | 8.37M | 8.02M | 6.67M | 28.71M | 35.08M | 14.08M |
| Change in Other Net Operating Assets | 33.93M | -18.46M | 19.85M | 35.23M | -13.41M | -19.50M |
| Operating Cash Flow | 180.50M | 176.21M | 111.11M | 119.93M | -24.44M | -54.24M |
| Capital Expenditures | -27.35M | -22.87M | -15.26M | -8.52M | -6.45M | -12.21M |
| Sale of Property, Plant & Equipment | 903.00K | |||||
| Investment in Securities | -340.00K | -1.00M | -552.00K | |||
| Investing Cash Flow | -77.33M | -23.87M | -15.81M | -8.52M | -6.45M | -11.31M |
| Long-Term Debt Issued | 136.22M | 45.00M | 135.00M | 117.00M | ||
| Long-Term Debt Repaid | -5.98M | -172.36M | -85.37M | -175.98M | -83.19M | |
| Net Debt Issued (Repaid) | -134.85M | -5.98M | -36.14M | -40.37M | -40.98M | 33.81M |
| Issuance of Common Stock | 3.98M | 4.68M | 3.79M | 1.12M | 75.30M | 1.94M |
| Repurchase of Common Stock | -28.53M | -49.42M | -11.12M | -376.00K | -1.71M | -517.00K |
| Other Financing Activities | -3.13M | -3.27M | -2.95M | -2.48M | ||
| Financing Cash Flow | -159.40M | -50.72M | -46.60M | -42.90M | 29.66M | 32.75M |
| Net Cash Flow | -56.24M | 101.63M | 48.70M | 68.51M | -1.23M | -32.80M |
| Free Cash Flow | 153.14M | 153.34M | 95.85M | 111.41M | -30.89M | -66.45M |
| Free Cash Flow Margin | 9.50% | 10.36% | 7.12% | 9.84% | -3.86% | -9.71% |
| Free Cash Flow Per Share | 4.61 | 4.66 | 2.87 | 3.45 | -1.00 | -2.45 |
| Levered Free Cash Flow | -10.41M | 123.34M | 70.41M | 104.52M | -5.95M | -55.51M |
| Unlevered Free Cash Flow | -6.15M | 127.85M | 77.02M | 115.78M | 3.22M | -49.46M |
| Cash Interest Paid | 6.65M | 7.37M | 9.93M | 16.05M | 15.18M | |
| Cash Income Tax Paid | 31.89M | 58.76M | 29.40M | -29.00K | -79.00K | 31.00K |
| Change in Working Capital | 3.60M | 16.33M | -12.52M | 71.59M | -7.43M | -76.45M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.77B | 1.84B | 1.57B | 686.73M | 267.41M | 580.00M |
| Enterprise Value | 1.77B | 1.76B | 1.58B | 772.89M | 459.37M | 744.08M |
| Last Close Price | 55.90 | 57.95 | 48.45 | 21.35 | 8.35 | 21.32 |
| PE Ratio | 6.59 | 14.39 | 14.85 | 28.84 | ||
| Forward PE | 12.76 | 14.13 | 14.17 | 15.74 | 18.15 | 30.90 |
| PS Ratio | 1.10 | 1.24 | 1.16 | 0.61 | 0.33 | 0.85 |
| PB Ratio | 2.70 | 7.19 | 9.82 | 17.17 | 193.49 | -17.76 |
| P/TBV Ratio | 8.24 | 9.43 | 16.13 | |||
| P/FCF Ratio | 11.56 | 11.98 | 16.36 | 6.16 | ||
| P/OCF Ratio | 9.81 | 10.43 | 14.11 | 5.73 | ||
| PEG Ratio | 0.86 | 1.54 | 0.38 | 1.05 | 1.21 | 2.06 |
| EV/Sales Ratio | 1.10 | 1.19 | 1.17 | 0.68 | 0.57 | 1.09 |
| EV/EBITDA Ratio | 8.53 | 9.60 | 10.34 | 11.87 | 29.60 | |
| EV/EBIT Ratio | 9.33 | 10.39 | 11.33 | 15.17 | 63.63 | |
| EV/FCF Ratio | 11.56 | 11.45 | 16.45 | 6.94 | ||
| Debt / Equity Ratio | 0.18 | 0.38 | 0.63 | 3.43 | 129.56 | -6.80 |
| Debt / EBITDA Ratio | 0.54 | 0.51 | 0.65 | 1.98 | 8.29 | |
| Debt / FCF Ratio | 0.76 | 0.63 | 1.05 | 1.23 | ||
| Net Debt / Equity Ratio | -0.00 | -0.52 | -0.17 | 1.45 | 121.98 | -6.44 |
| Net Debt / EBITDA Ratio | -0.01 | -0.73 | -0.18 | 0.89 | -6.95 | 8.36 |
| Net Debt / FCF Ratio | -0.01 | -0.86 | -0.28 | 0.52 | -5.46 | -3.16 |
| Asset Turnover | 1.85 | 2.57 | 2.86 | 2.89 | 2.22 | 2.03 |
| Inventory Turnover | 5.65 | 8.80 | 8.29 | 7.14 | 5.70 | 6.73 |
| Quick Ratio | 0.54 | 1.06 | 0.79 | 0.40 | 0.14 | 0.17 |
| Current Ratio | 1.64 | 1.74 | 1.37 | 1.03 | 1.06 | 1.25 |
| Return on Equity (ROE) | 64.29% | 61.56% | 105.78% | 115.09% | ||
| Return on Assets (ROA) | 13.61% | 18.36% | 18.46% | 8.12% | -6.44% | 2.17% |
| Return on Invested Capital (ROIC) | 43.20% | 98.42% | 91.73% | 27.62% | -18.54% | 5.35% |
| Return on Capital Employed (ROCE) | 22.20% | 43.50% | 48.20% | 27.10% | -18.50% | 5.10% |
| Earnings Yield | 15.17% | 6.95% | 6.73% | 3.47% | -17.11% | -0.05% |
| FCF Yield | 8.65% | 8.34% | 6.11% | 16.22% | -11.55% | -11.46% |
| Buyback Yield / Dilution | -0.04% | 1.40% | -3.38% | -3.99% | -14.30% | -0.19% |