Loading…
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% | -152.0% |
| 2022 | $801M | $-24M | $-46M | $-31M | -3311.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 800.64 | 1,132.79 | 1,347.15 | 1,480.10 |
| Operating 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 | 116.82 | 136.35 |
| Selling General And Administration | - | 77.25 | 87.19 | 116.82 | 136.35 |
| Total Expenses | - | 841.34 | 1,081.14 | 1,207.82 | 1,312.93 |
| Operating Income | - | -40.70 | 51.66 | 139.33 | 167.17 |
| Total Operating Income As Reported | - | -40.70 | 51.66 | 139.33 | 167.17 |
| EBITDA | - | -24.33 | 59.80 | 152.34 | 192.35 |
| Normalized EBITDA | - | -23.69 | 60.33 | 153.89 | 192.35 |
| EBIT | - | -38.38 | 43.82 | 137.51 | 176.77 |
| Interest Income | - | 0.01 | 1 | 4.14 | 6.19 |
| Interest Expense | - | 14.68 | 18.01 | 10.58 | 7.20 |
| Net Interest Income | - | -14.67 | -17.01 | -6.44 | -1.01 |
| Other Non Operating Income Expenses | - | 2.95 | -8.31 | -4.39 | 3.41 |
| Other Income Expense | - | 2.32 | -8.84 | -5.95 | 3.41 |
| Interest Income Non Operating | - | 0.01 | 1 | 4.14 | 6.19 |
| Interest Expense Non Operating | - | 14.68 | 18.01 | 10.58 | 7.20 |
| Net Non Operating Interest Income Expense | - | -14.67 | -17.01 | -6.44 | -1.01 |
| Pretax Income | - | -53.05 | 25.80 | 126.94 | 169.56 |
| Tax Provision | - | -11.45 | 8.95 | 33.23 | 43.93 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.14 | -0.19 | -0.41 | 0 |
| Net Income Continuous Operations | - | -45.76 | 23.81 | 105.55 | 127.72 |
| Net Income From Continuing And Discontinued Operation | - | -45.76 | 23.81 | 105.55 | 127.72 |
| Net Income From Continuing Operation Net Minority Interest | - | -45.76 | 23.81 | 105.55 | 127.72 |
| Net Income | - | -45.76 | 23.81 | 105.55 | 127.72 |
| Net Income Common Stockholders | - | -45.76 | 23.81 | 105.55 | 127.72 |
| Net Income Including Noncontrolling Interests | - | -45.76 | 23.81 | 105.55 | 127.72 |
| Normalized Income | - | -45.26 | 24.16 | 106.70 | 127.72 |
| Diluted NI Availto Com Stockholders | - | -45.76 | 23.81 | 105.55 | 127.72 |
| Basic Average Shares | - | 31.02 | 32.07 | 32.27 | 31.86 |
| Diluted Average Shares | - | 31.02 | 32.26 | 33.35 | 32.88 |
| Reconciled Depreciation | - | 14.05 | 15.98 | 14.82 | 15.59 |
| Reconciled Cost Of Revenue | - | 764.09 | 993.94 | 1,091 | 1,176.59 |
| Total Unusual Items | - | -0.63 | -0.54 | -1.56 | 0 |
| Total Unusual Items Excluding Goodwill | - | -0.63 | -0.54 | -1.56 | 0 |
| Earnings From Equity Interest Net Of Tax | - | -4.16 | 6.96 | 11.84 | 2.08 |
| Special Income Charges | - | -0.63 | -0.54 | -1.56 | 0 |
| Other Special Charges | 0.60 | 0.63 | 0.54 | 1.56 | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Blue Bird Corporationthis co. | BLBD | $2.3B | 17.83↑ premium | 8.91 | 50.0% | 11.11 |
| PureCycle Technologies, Inc. | PCT | $2.5B | -13.82 | 54.98 | -397.9% | -33.37 |
| Cimpress plc | CMPR | $2.3B | 157.16 | -4.03 | -2.6% | 10.82 |
| Custom Truck One Source, Inc. | CTOS | $2.3B | -73.24 | 2.81 | -3.8% | 11.91 |
| Allegiant Travel Company | ALGT |
| - |
| - |
| - |
| - |
| - |
| $2.3B |
| - |
| 2.16 |
| -4.2% |
| 10.18 |
| Ducommun Incorporated | DCO | $2.3B | -60.64 | 3.42 | -5.6% | -2809.95 |
| American Superconductor Corporation | AMSC | $2.2B | 16.54 | 3.98 | 24.1% | 86.26 |
| TriNet Group, Inc. | TNET | $2.1B | 13.72 | 39.37 | 287.0% | 8.04 |
| The Gorman-Rupp Company | GRC | $2.1B | 38.84 | 4.97 | 12.8% | 19.39 |
| Peer Median | - | 13.72 | 3.70 | -3.2% | 10.50 | |