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Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines. The company also sells replacement bus parts; and provides extended warranties related to its products. Blue Bird Corporation sells its products through drop ship and a network of dealers, as well as directly to fleet operators, the United States government, and state governments; independent service centers; and maintains a parts distribution center. Blue Bird Corporation was founded in 1927 and is headquartered in Macon, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $192M | $128M | $153M | 50.0% | 9.9% | 21.0% |
| 2024 | $1.3B | $152M | $106M | $96M | 66.1% | 18.9% | 343.3% |
| 2023 | $1.1B | $60M | $24M | $111M | 59.5% | 41.5% | - |
| 2022 | $801M | $-24M | $-46M | $-31M | -3311.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 800.64 | 1,132.79 | 1,347.15 | 1,480.10 |
| Cost Of Revenue | 764.09 | 993.94 | 1,091 | 1,176.59 |
| Gross Profit | 36.55 | 138.85 | 256.16 | 303.51 |
| Operating Expense | 77.25 | 87.19 | 116.83 | 136.35 |
| Operating Income | -40.70 | 51.66 | 139.33 | 167.17 |
| EBITDA | -24.33 | 59.80 | 152.34 | 192.35 |
| EBIT | -38.38 | 43.82 | 137.51 | 176.77 |
| Pretax Income | -53.05 | 25.80 | 126.94 | 169.56 |
| Tax Provision | -11.45 | 8.95 | 33.23 | 43.93 |
| Net Income | -45.76 | 23.81 | 105.55 | 127.72 |
| Net Income Common Stockholders | -45.76 | 23.81 | 105.55 | 127.72 |
| Total Expenses | 841.34 | 1,081.14 | 1,207.82 | 1,312.93 |
| Interest Expense | 14.68 | 18.01 | 10.58 | 7.20 |
| Interest Income | 0.01 | 1 | 4.14 | 6.19 |
| Selling General And Administration | 77.25 | 87.19 | 116.83 | 136.35 |
| Normalized EBITDA | -23.69 | 60.33 | 153.89 | 192.35 |
| Normalized Income | -45.26 | 24.16 | 106.70 | 127.72 |
| Basic EPS | -1.48 | 0.74 | 3.27 | 4.01 |
| Diluted EPS | -1.48 | 0.74 | 3.16 | 3.88 |
| Tax Effect Of Unusual Items | -0.14 | -0.19 | -0.41 | 0 |
| Tax Rate For Calcs | 0.22 | 0.35 | 0.26 | 0.26 |
| Total Unusual Items | -0.63 | -0.54 | -1.56 | 0 |
| Total Unusual Items Excluding Goodwill | -0.63 | -0.54 | -1.56 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -45.76 | 23.81 | 105.55 | 127.72 |
| Reconciled Depreciation | 14.05 | 15.98 | 14.82 | 15.59 |
| Reconciled Cost Of Revenue | 764.09 | 993.94 | 1,091 | 1,176.59 |
| Net Interest Income | -14.67 | -17.01 | -6.44 | -1.01 |
| Net Income From Continuing And Discontinued Operation | -45.76 | 23.81 | 105.55 | 127.72 |
| Total Operating Income As Reported | -40.70 | 51.66 | 139.33 | 167.17 |
| Diluted Average Shares | 31.02 | 32.26 | 33.35 | 32.88 |
| Basic Average Shares | 31.02 | 32.07 | 32.27 | 31.86 |
| Diluted NI Availto Com Stockholders | -45.76 | 23.81 | 105.55 | 127.72 |
| Net Income Including Noncontrolling Interests | -45.76 | 23.81 | 105.55 | 127.72 |
| Net Income Continuous Operations | -45.76 | 23.81 | 105.55 | 127.72 |
| Earnings From Equity Interest Net Of Tax | -4.16 | 6.96 | 11.84 | 2.08 |
| Other Income Expense | 2.31 | -8.84 | -5.95 | 3.41 |
| Other Non Operating Income Expenses | 2.95 | -8.31 | -4.39 | 3.41 |
| Special Income Charges | -0.63 | -0.54 | -1.56 | 0 |
| Other Special Charges | 0.63 | 0.54 | 1.56 | 0 |
| Net Non Operating Interest Income Expense | -14.67 | -17.01 | -6.44 | -1.01 |
| Interest Expense Non Operating | 14.68 | 18.01 | 10.58 | 7.20 |
| Interest Income Non Operating | 0.01 | 1 | 4.14 | 6.19 |
| Operating Revenue | 800.64 | 1,132.79 | 1,347.15 | 1,480.10 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Blue Bird Corporationthis co. | BLBD | $2.1B | 15.52↓ discount | 7.17 | 50.0% | 9.57 |
| Helios Technologies, Inc. | HLIO | $2.2B | 46.10 | 2.38 | 5.2% | 16.37 |
| Eos Energy Enterprises, Inc. | EOSE | $2.2B | - | -0.95 | 43.3% | -15.54 |
| Huron Consulting Group Inc. | HURN | $2.1B | 22.00 | 4.01 | 19.9% | 11.58 |
| Custom Truck One Source, Inc. | CTOS |
| $2.1B |
| - |
| 2.57 |
| -3.8% |
| 21.79 |
| Ducommun Incorporated | DCO | $2.1B | - | 3.12 | -5.1% | 21.40 |
| V2X, Inc. | VVX | $2.1B | 26.78 | 1.89 | 7.2% | 9.34 |
| Cimpress plc | CMPR | $2.0B | 83.08 | -3.74 | -2.7% | 10.51 |
| TriNet Group, Inc. | TNET | $2.0B | 13.39 | 37.59 | 287.0% | 11.36 |
| Peer Median | - | 26.78 | 2.47 | 6.2% | 11.47 | |