Blue Bird Financials
This page shows Blue Bird (BLBD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Blue Bird has an operating margin of 11.3%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is up from 10.3% the prior year.
Blue Bird's revenue grew 9.9% year-over-year to $1.5B, a solid pace of expansion. This earns a growth score of 57/100.
Blue Bird carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
Blue Bird's current ratio of 1.74 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.
Blue Bird has a free cash flow margin of 10.4%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.
Blue Bird earns a strong 50.0% return on equity (ROE), meaning it generates $50 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 66.1% the prior year.
Blue Bird scores 6.92, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Blue Bird passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Blue Bird generates $1.38 in operating cash flow ($176.2M OCF vs $127.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Blue Bird earns $23.2 in operating income for every $1 of interest expense ($167.2M vs $7.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Blue Bird generated $1.5B in revenue in fiscal year 2025. This represents an increase of 9.9% from the prior year.
Blue Bird's EBITDA was $182.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.6% from the prior year.
Blue Bird generated $153.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 60.0% from the prior year.
Blue Bird reported $127.7M in net income in fiscal year 2025. This represents an increase of 21.0% from the prior year.
Blue Bird earned $3.88 per diluted share (EPS) in fiscal year 2025. This represents an increase of 22.8% from the prior year.
Blue Bird held $229.3M in cash against $85.3M in long-term debt as of fiscal year 2025.
Blue Bird had 32M shares outstanding in fiscal year 2025. This represents a decrease of 1.2% from the prior year.
Blue Bird's gross margin was 20.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.5 percentage points from the prior year.
Blue Bird's operating margin was 11.3% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.
Blue Bird's net profit margin was 8.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.
Blue Bird's ROE was 50.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 16.1 percentage points from the prior year.
Blue Bird invested $15.2M in research and development in fiscal year 2025. This represents an increase of 61.7% from the prior year.
Blue Bird spent $9.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 739.5% from the prior year.
Blue Bird invested $22.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 49.9% from the prior year.
BLBD Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $333.1M-16.3% | $398.0M+10.9% | $358.9M+14.3% | $313.9M-5.8% | $333.4M-3.6% | $345.9M+8.9% | $317.7M+7.9% | $294.3M |
| Cost of Revenue | $261.9M-16.1% | $312.1M+8.4% | $288.0M+13.6% | $253.6M-4.0% | $264.0M-6.5% | $282.3M+11.1% | $254.1M+2.2% | $248.5M |
| Gross Profit | $71.2M-17.1% | $85.9M+21.3% | $70.9M+17.5% | $60.3M-13.0% | $69.4M+9.0% | $63.6M+0.1% | $63.6M+38.9% | $45.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $33.6M-6.4% | $35.9M-3.5% | $37.1M+36.2% | $27.3M-7.9% | $29.6M+7.4% | $27.6M+7.7% | $25.6M-2.8% | $26.3M |
| Operating Income | $37.7M-24.7% | $50.1M+48.5% | $33.7M+2.0% | $33.0M-16.8% | $39.7M+10.1% | $36.1M-5.0% | $38.0M+95.4% | $19.4M |
| Interest Expense | $1.6M-9.9% | $1.7M-4.1% | $1.8M-5.3% | $1.9M-9.1% | $2.1M-25.1% | $2.8M-22.6% | $3.6M-19.4% | $4.5M |
| Income Tax | $9.1M-26.3% | $12.4M+35.6% | $9.1M+5.0% | $8.7M-12.5% | $9.9M+20.3% | $8.3M-2.2% | $8.4M+348.3% | $1.9M |
| Net Income | $30.8M-15.6% | $36.5M+40.0% | $26.0M-9.3% | $28.7M0.0% | $28.7M+10.3% | $26.0M-0.5% | $26.1M+179.4% | $9.4M |
| EPS (Diluted) | $0.94-16.1% | $1.12+41.8% | $0.79-8.1% | $0.86+1.2% | $0.85+7.6% | $0.79-2.5% | $0.81+179.3% | $0.29 |
BLBD Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $642.3M+11.6% | $575.5M+5.8% | $543.7M+1.6% | $535.2M+2.0% | $524.9M+15.0% | $456.5M+5.8% | $431.3M+3.2% | $417.8M |
| Current Assets | $425.8M+18.1% | $360.7M+9.8% | $328.4M-0.7% | $330.9M+2.3% | $323.4M+20.0% | $269.4M+10.7% | $243.3M+3.1% | $236.1M |
| Cash & Equivalents | $241.7M+39.7% | $173.1M+32.4% | $130.7M-3.9% | $136.1M+6.6% | $127.7M+37.2% | $93.1M+20.4% | $77.3M-2.1% | $79.0M |
| Inventory | $140.9M-6.7% | $151.0M-7.8% | $163.8M+0.4% | $163.1M+27.6% | $127.8M-12.1% | $145.4M+2.1% | $142.5M+5.3% | $135.3M |
| Accounts Receivable | $10.8M-49.0% | $21.1M+33.7% | $15.8M+12.8% | $14.0M-76.3% | $59.1M+417.3% | $11.4M+2.9% | $11.1M-11.7% | $12.6M |
| Goodwill | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M |
| Total Liabilities | $371.0M+4.9% | $353.6M+0.1% | $353.3M-0.6% | $355.5M-2.7% | $365.3M+4.2% | $350.7M-1.4% | $355.7M-5.8% | $377.8M |
| Current Liabilities | $235.1M+2.9% | $228.6M+0.9% | $226.6M-1.2% | $229.4M-2.8% | $236.0M+7.4% | $219.8M+17.0% | $187.8M-18.2% | $229.6M |
| Long-Term Debt | $84.2M-2.7% | $86.5M-1.3% | $87.7M-1.3% | $88.8M-1.3% | $90.0M-2.5% | $92.3M-1.2% | $93.5M-15.4% | $110.5M |
| Total Equity | $271.4M+22.3% | $221.8M+16.5% | $190.4M+5.9% | $179.7M+12.6% | $159.6M+50.8% | $105.8M+40.0% | $75.6M+89.0% | $40.0M |
| Retained Earnings | $104.0M+99.1% | $52.2M+111.3% | $24.7M+32.3% | $18.7M | $0+100.0% | -$3.5M+88.1% | -$29.6M+46.9% | -$55.7M |
BLBD Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $36.6M-35.7% | $56.9M+105.0% | $27.8M+5.1% | $26.4M-52.3% | $55.4M+1.5% | $54.6M+25040.1% | $217K-99.4% | $35.8M |
| Capital Expenditures | $5.5M+18.8% | $4.6M-49.0% | $9.0M+96.4% | $4.6M-10.4% | $5.1M+87.1% | $2.7M-5.7% | $2.9M+36.3% | $2.1M |
| Free Cash Flow | $31.1M-40.5% | $52.3M+179.1% | $18.7M-14.1% | $21.8M-56.6% | $50.2M-3.1% | $51.8M+2028.4% | -$2.7M-108.0% | $33.7M |
| Investing Cash Flow | -$5.7M-14.3% | -$4.9M+45.1% | -$9.0M-77.1% | -$5.1M+10.3% | -$5.7M-107.3% | -$2.7M+5.7% | -$2.9M-36.3% | -$2.1M |
| Financing Cash Flow | -$18.5M-91.7% | -$9.7M+60.0% | -$24.1M-87.2% | -$12.9M-23.8% | -$10.4M+71.1% | -$36.0M-3719.6% | $995K+118.4% | -$5.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $2.4M | $0-100.0% | $3.0M+105.3% | $1.4M+64.8% | $877K | $0-100.0% | $301K-5.6% | $319K |
BLBD Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.4%-0.2pp | 21.6%+1.9pp | 19.7%+0.5pp | 19.2%-1.6pp | 20.8%+2.4pp | 18.4%-1.6pp | 20.0%+4.5pp | 15.6% |
| Operating Margin | 11.3%-1.3pp | 12.6%+3.2pp | 9.4%-1.1pp | 10.5%-1.4pp | 11.9%+1.5pp | 10.4%-1.5pp | 11.9%+5.3pp | 6.6% |
| Net Margin | 9.2%+0.1pp | 9.2%+1.9pp | 7.3%-1.9pp | 9.2%+0.5pp | 8.6%+1.1pp | 7.5%-0.7pp | 8.2%+5.0pp | 3.2% |
| Return on Equity | 11.3%-5.1pp | 16.4%+2.7pp | 13.7%-2.3pp | 16.0%-4.9pp | 20.9%-3.7pp | 24.6%-10.0pp | 34.6%-55.0pp | 89.6% |
| Return on Assets | 4.8%-1.6pp | 6.3%+1.6pp | 4.8%-0.6pp | 5.4%-0.8pp | 6.1%+0.4pp | 5.7%-0.4pp | 6.1%+3.7pp | 2.4% |
| Current Ratio | 1.81+0.2 | 1.58+0.1 | 1.450.0 | 1.44+0.1 | 1.37+0.1 | 1.23-0.1 | 1.30+0.3 | 1.03 |
| Debt-to-Equity | 0.31-0.1 | 0.39-0.1 | 0.46-0.0 | 0.49-0.1 | 0.56-0.3 | 0.87-0.4 | 1.24-1.5 | 2.76 |
| FCF Margin | 9.3%-3.8pp | 13.1%+7.9pp | 5.2%-1.7pp | 7.0%+8.0pp | -1.1%-16.0pp | 15.0%+15.8pp | -0.9%-13.3pp | 12.5% |
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Frequently Asked Questions
What is Blue Bird's annual revenue?
Blue Bird (BLBD) reported $1.5B in total revenue for fiscal year 2025. This represents a 9.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Blue Bird's revenue growing?
Blue Bird (BLBD) revenue grew by 9.9% year-over-year, from $1.3B to $1.5B in fiscal year 2025.
Is Blue Bird profitable?
Yes, Blue Bird (BLBD) reported a net income of $127.7M in fiscal year 2025, with a net profit margin of 8.6%.
What is Blue Bird's earnings per share (EPS)?
Blue Bird (BLBD) reported diluted earnings per share of $3.88 for fiscal year 2025. This represents a 22.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Blue Bird's EBITDA?
Blue Bird (BLBD) had EBITDA of $182.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Blue Bird have?
As of fiscal year 2025, Blue Bird (BLBD) had $229.3M in cash and equivalents against $85.3M in long-term debt.
What is Blue Bird's gross margin?
Blue Bird (BLBD) had a gross margin of 20.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Blue Bird's operating margin?
Blue Bird (BLBD) had an operating margin of 11.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Blue Bird's net profit margin?
Blue Bird (BLBD) had a net profit margin of 8.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Blue Bird's return on equity (ROE)?
Blue Bird (BLBD) has a return on equity of 50.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Blue Bird's free cash flow?
Blue Bird (BLBD) generated $153.3M in free cash flow during fiscal year 2025. This represents a 60.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Blue Bird's operating cash flow?
Blue Bird (BLBD) generated $176.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Blue Bird's total assets?
Blue Bird (BLBD) had $625.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Blue Bird's capital expenditures?
Blue Bird (BLBD) invested $22.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Blue Bird spend on research and development?
Blue Bird (BLBD) invested $15.2M in research and development during fiscal year 2025.
Does Blue Bird buy back shares?
Yes, Blue Bird (BLBD) spent $9.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Blue Bird have outstanding?
Blue Bird (BLBD) had 32M shares outstanding as of fiscal year 2025.
What is Blue Bird's current ratio?
Blue Bird (BLBD) had a current ratio of 1.74 as of fiscal year 2025, which is generally considered healthy.
What is Blue Bird's debt-to-equity ratio?
Blue Bird (BLBD) had a debt-to-equity ratio of 0.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Blue Bird's return on assets (ROA)?
Blue Bird (BLBD) had a return on assets of 20.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Blue Bird's Altman Z-Score?
Blue Bird (BLBD) has an Altman Z-Score of 6.92, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Blue Bird's Piotroski F-Score?
Blue Bird (BLBD) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Blue Bird's earnings high quality?
Blue Bird (BLBD) has an earnings quality ratio of 1.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Blue Bird cover its interest payments?
Blue Bird (BLBD) has an interest coverage ratio of 23.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Blue Bird?
Blue Bird (BLBD) scores 69 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.