BLBD on Nasdaq
Blue Bird Corp
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Last updated Oct 16, 2026.
Overview
Compare with Miller Industries, GREENPOWER MOTOR Co INC. or PHOENIX MOTOR INC., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
20.5%Gross margin2
11.3%Operating margin2
8.6%Net margin2
9.9%Revenue growth, 20252
50.0%Return on equity2
0.33×Debt to equity2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Alternative Fuel Buses brought in 54% of the revenue Blue Bird Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Alternative Fuel Buses | $648.9M | $726.1M | $798.4M |
| Diesel Buses | $342.0M | $461.2M | $523.4M |
| Parts | $95.7M | $101.8M | $100.2M |
| Product and Service, Other | $46.2M | $58.1M | $58.1M |
Business segments
Bus brought in 93% of the revenue Blue Bird Corp broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Bus | $1.0B | $1.2B | $1.4B |
| Parts | $98.2M | $104.3M | $103.0M |
Regions
United States brought in 89% of the revenue Blue Bird Corp broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $1.0B | $1.2B | $1.3B |
| Canada [member] | $78.9M | $146.6M | $163.7M |
| Rest of World | $5.6M | $1.0M | $2.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue78¢$1.2B
- Research and development1¢$15.2M
- Selling, general and admin9¢$136.3M
- Interest0¢$7.2M
- Income tax3¢$43.9M
- Profit8¢$127.7M
Out of $1.5B in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Share buybacks6¢$9.9M
- Kept or used elsewhere94¢$166.3M
Out of $176.2M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net sales | $1.5B | $1.3B | $1.1B |
| Cost of goods sold | $1.2B | $1.1B | $993.9M |
| Gross profit | $303.5M | $256.2M | $138.8M |
| Selling, general and administrative expenses | $136.3M | $116.8M | $87.2M |
| Operating profit | $167.2M | $139.3M | $51.7M |
| Interest expense | -$7.2M | -$10.6M | -$18.0M |
| Interest income | $6.2M | $4.1M | $1.0M |
| Other income (expense), net | $3.4M | -$4.4M | -$8.3M |
| Loss on debt refinancing or modification | $0 | -$1.6M | -$537.0K |
| Income before income taxes | $169.6M | $126.9M | $25.8M |
| Income tax expense | -$43.9M | -$33.2M | -$9.0M |
| Equity in net income of non-consolidated affiliate(s) | $2.1M | $11.8M | $7.0M |
| Net income | $127.7M | $105.5M | $23.8M |
| Basic weighted average shares outstanding (in shares) | 31.9M shares | 32.3M shares | 32.1M shares |
| Diluted weighted average shares outstanding (in shares) | 32.9M shares | 33.3M shares | 32.3M shares |
| Basic earnings per share (in dollars per share) | $4.01 | $3.27 | $0.74 |
| Diluted earnings per share (in dollars per share) | $3.88 | $3.16 | $0.74 |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Cash and cash equivalents | $229.3M | $127.7M |
| Accounts receivable, net | $20.6M | $59.1M |
| Inventories | $139.5M | $127.8M |
| Other current assets | $22.2M | $8.8M |
| Total current assets | $411.6M | $323.4M |
| Property, plant and equipment, net | $108.5M | $97.3M |
| Goodwill | $18.8M | $18.8M |
| Intangible assets, net | $41.7M | $43.6M |
| Equity investment in affiliates | $35.2M | $32.1M |
| Deferred tax assets | $2.7M | $2.4M |
| Finance lease right-of-use assets | $0 | $332.0K |
| Pension | $4.9M | $4.6M |
| Other assets | $1.8M | $2.3M |
| Total assets | $625.3M | $524.9M |
| Accounts payable | $151.5M | $143.2M |
| Warranty | $7.5M | $7.2M |
| Accrued expenses | $55.2M | $55.8M |
| Deferred warranty income | $11.3M | $9.4M |
| Finance lease obligations | $0 | $975.0K |
| Other current liabilities | $6.3M | $14.5M |
| Current portion of long-term debt | $5.0M | $5.0M |
| Total current liabilities | $236.8M | $236.0M |
| Revolving credit facility | $0 | $0 |
| Long-term debt | $85.3M | $90.0M |
| Warranty | $9.7M | $9.0M |
| Deferred warranty income | $22.4M | $18.5M |
| Deferred tax liabilities | $5.4M | $2.8M |
| Finance lease obligations | $0 | $6.0K |
| Other liabilities | $10.2M | $9.0M |
| Total long-term liabilities | $133.0M | $129.4M |
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 issued and outstanding with liquidation preference of $0 at September 27, 2025 and September 28, 2024 | $0 | $0 |
| Common stock, $0.0001 par value, 100,000,000 shares authorized, 31,884,721 and 32,268,022 shares issued and outstanding at September 27, 2025 and September 28, 2024, respectively | $3.0K | $3.0K |
| Additional paid-in capital | $195.5M | $186.0M |
| Retained earnings | $88.2M | $0 |
| Accumulated other comprehensive loss | -$28.2M | -$26.4M |
| Total stockholders' equity | $255.4M | $159.6M |
| Total liabilities and stockholders' equity | $625.3M | $524.9M |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares |
| Preferred stock, liquidation preference | $0 | $0 |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares |
| Common stock, shares outstanding (in shares) | 31.9M shares | 32.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net income | $127.7M | $105.5M | $23.8M |
| Depreciation and amortization expense | $15.6M | $14.8M | $16.0M |
| Non-cash interest expense | $330.0K | $390.0K | $1.5M |
| Share-based compensation expense | $14.8M | $8.6M | $4.2M |
| Equity in net income of non-consolidated affiliate(s) | -$9.5M | -$11.8M | -$7.0M |
| Dividend from equity investment in affiliate(s) (Note 17) | $0 | $5.3M | $0 |
| Impairment of equity investment in affiliate(s) (Note 17) | $7.4M | $0 | $0 |
| Loss on disposal of fixed assets | $325.0K | $200.0K | $64.0K |
| Deferred income tax expense (benefit) | $2.9M | -$1.7M | $8.1M |
| Amortization of deferred actuarial pension losses | $279.0K | $687.0K | $1.2M |
| Loss on debt refinancing or modification | $0 | $1.6M | $537.0K |
| Accounts receivable | $38.4M | -$46.5M | -$40.0K |
| Inventories | -$11.7M | $7.5M | $7.7M |
| Other assets | -$15.8M | $971.0K | $453.0K |
| Accounts payable | $8.0M | $6.7M | $28.7M |
| Accrued expenses, pension and other liabilities | -$2.7M | $18.9M | $34.8M |
| Total adjustments | $48.5M | $5.6M | $96.1M |
| Total cash provided by operating activities | $176.2M | $111.1M | $119.9M |
| Cash paid for fixed assets | -$22.9M | -$15.3M | -$8.5M |
| Equity investment in affiliate(s) (Note 17) | -$1.0M | -$552.0K | $0 |
| Total cash used in investing activities | -$23.9M | -$15.8M | -$8.5M |
| Proceeds from lines of credit | $0 | $36.2M | $45.0M |
| Revolving credit facility repayments | $0 | -$36.2M | -$65.0M |
| Term loan borrowings - new credit agreement (Note 8) | $0 | $100.0M | $0 |
| Term loan repayments (Note 8) | -$5.0M | -$135.6M | -$19.8M |
| Principal payments on finance leases | -$981.0K | -$589.0K | -$570.0K |
| Cash paid for debt costs (Note 8) | $0 | -$3.1M | -$3.3M |
| Repurchase of common stock in connection with repurchase program(s) (Note 13) | -$39.5M | -$9.9M | $0 |
| Repurchase of common stock in connection with stock award exercises | $9.9M | $1.2M | $376.0K |
| Cash received from stock option exercises | $4.7M | $3.8M | $1.1M |
| Total cash used in financing activities | -$50.7M | -$46.6M | -$42.9M |
| Change in cash and cash equivalents | $101.6M | $48.7M | $68.5M |
| Interest paid | $7.4M | $9.9M | $16.1M |
| Interest received | -$5.9M | -$3.8M | -$1.0M |
| Income tax paid (received), net of tax refunds | $58.8M | $29.4M | -$29.0K |
| Changes in accounts payable for capital additions to property, plant and equipment | $2.2M | $721.0K | $941.0K |
| Right-of-use assets obtained in exchange for operating lease obligations | $3.3M | $1.7M | $626.0K |
| Warrants issued for equity investment in affiliate (Note 17) | $0 | $7.4M | $0 |
Former names
- Hennessy Capital Acquisition Corp.Oct 18, 2013 to Feb 25, 20153
Recent filings
- Oct 6, 20268-K
- Oct 1, 2026424B7
- Oct 1, 20268-K
- Sep 18, 2026144
- Sep 18, 20264
- Sep 8, 2026SCHEDULE 13G/A
- Aug 13, 20264
- Aug 6, 2026SCHEDULE 13G/A
- Aug 5, 20268-K
- Aug 5, 20268-K
- Aug 5, 202610-Q
- May 27, 2026SD
- May 20, 20264
- May 18, 20268-K
- May 6, 2026SCHEDULE 13G/A
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBlue Bird Corp filings on SEC EDGAR
- 2SEC EDGARBlue Bird Corp 10-K for fiscal 2025
- 3SEC EDGARBlue Bird Corp filings on SEC EDGAR
- 4SEC EDGARBlue Bird Corp 10-K for fiscal 2018
- 5SEC EDGARBlue Bird Corp 10-K for fiscal 2019
- 6SEC EDGARBlue Bird Corp 10-K for fiscal 2020
- 7SEC EDGARBlue Bird Corp 10-K for fiscal 2021
- 8SEC EDGARBlue Bird Corp 10-Q for fiscal 2025
- 9SEC EDGARBlue Bird Corp 10-Q for fiscal 2026
- 10SEC EDGARBlue Bird Corp 10-Q for fiscal 2026
- 11SEC EDGARBlue Bird Corp 10-K for fiscal 2018
- 12SEC EDGARBlue Bird Corp 10-K for fiscal 2023