Blue Bird (BLBD) Financials

$71.02 +0.18 (+0.25%)

Closing price 05/8/2026 04:00 PM Eastern

Extended Trading

$72.02 +1.00 (+1.41%)

As of 05/8/2026 07:48 PM Eastern

Annual Income Statements for Blue Bird

This table shows Blue Bird's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	9/30/2022	9/30/2023	9/28/2024	9/27/2025
Net Income / (Loss) Attributable to Common Shareholders	12	3.02	18	29	24	12	-0.29	-46	24	106	128
Consolidated Net Income / (Loss)	15	6.90	29	31	24	12	-0.29	-46	24	106	128
Net Income / (Loss) Continuing Operations	15	6.90	29	31	24	12	-0.29	-46	24	106	128
Total Pre-Tax Income	17	9.83	37	27	30	10	-1.98	-53	26	127	170
Total Operating Income	36	27	60	35	44	22	6.52	-41	52	139	167
Total Gross Profit	120	129	127	122	133	96	72	37	139	256	304
Total Revenue	919	932	991	1,025	1,019	879	684	801	1,133	1,347	1,480
Operating Revenue	919	932	991	1,025	1,019	879	684	801	1,133	1,347	1,480
Total Cost of Revenue	799	803	863	903	885	783	612	764	994	1,091	1,177
Operating Cost of Revenue	799	803	863	903	885	783	612	764	994	1,091	1,177
Total Operating Expenses	85	103	68	87	90	74	66	77	87	117	136
Selling, General & Admin Expense	85	103	68	87	90	74	66	77	87	117	136
Total Other Income / (Expense), net	-19	-17	-22	-8.20	-14	-12	-8.50	-12	-26	-12	2.40
Interest Expense	19	16	17	6.66	13	12	10	15	19	12	7.20
Interest & Investment Income	0.11	0.13	0.14	0.07	0.01	0.01	0.00	0.01	1.00	4.14	6.19
Other Income / (Expense), net	0.00	-0.54	-4.93	-1.61	-1.33	0.74	1.78	2.95	-8.31	-4.39	3.41
Income Tax Expense	4.44	5.80	12	-2.62	7.57	1.52	-1.19	-11	8.95	33	44
Other Gains / (Losses), net	2.63	2.88	3.31	1.33	2.24	3.21	0.50	-4.16	6.96	12	2.08
Basic Earnings per Share	$0.59	$0.14	$0.79	$1.15	$0.92	$0.45	($0.01)	($1.48)	$0.74	$3.27	$4.01
Weighted Average Basic Shares Outstanding	21.18M	21.25M	23.34M	25.26M	26.46M	26.85M	27.14M	31.02M	32.07M	32.27M	31.86M
Diluted Earnings per Share	$0.59	$0.14	$0.74	$1.08	$0.90	$0.45	($0.01)	($1.48)	$0.74	$3.16	$3.88
Weighted Average Diluted Shares Outstanding	25.50M	21.32M	24.88M	28.62M	27.04M	27.09M	27.14M	31.02M	32.26M	33.35M	32.88M
Weighted Average Basic & Diluted Shares Outstanding	20.80M	21.60M	23.40M	25.20M	26.48M	27.06M	27.28M	32.02M	32.17M	32.27M	31.71M

This table shows Blue Bird's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	19	26	26	29	25	29	26	36	36	31	29
Consolidated Net Income / (Loss)	19	26	26	29	25	29	26	36	36	31	29
Net Income / (Loss) Continuing Operations	19	26	26	29	25	29	26	36	36	31	29
Total Pre-Tax Income	24	33	32	36	26	36	34	49	51	38	37
Total Operating Income	29	38	36	40	26	33	34	50	50	38	39
Total Gross Profit	50	64	64	69	60	60	71	86	86	71	71
Total Revenue	303	318	346	333	350	314	359	398	409	333	353
Operating Revenue	303	318	346	333	350	314	359	398	409	333	353
Total Cost of Revenue	253	254	282	264	291	254	288	312	323	262	282
Operating Cost of Revenue	253	254	282	264	291	254	288	312	323	262	282
Total Operating Expenses	21	26	28	30	34	27	37	36	36	34	32
Selling, General & Admin Expense	21	26	28	30	34	27	37	36	36	34	32
Total Other Income / (Expense), net	-4.68	-5.32	-3.73	-3.85	0.50	2.57	-0.11	-0.84	0.78	0.20	-2.54
Interest Expense	4.12	5.19	2.81	2.11	2.03	1.92	1.81	1.74	1.74	1.57	1.55
Interest & Investment Income	0.75	1.09	1.05	0.99	1.00	1.57	1.26	1.48	1.89	1.98	1.93
Other Income / (Expense), net	-1.31	-1.22	-1.97	-2.73	1.52	2.92	0.44	-0.58	0.63	-0.21	-2.92
Income Tax Expense	8.66	8.45	8.26	9.94	6.58	8.69	9.13	12	14	9.12	9.10
Other Gains / (Losses), net	2.79	1.96	1.94	2.77	5.17	1.80	1.58	-0.40	-0.89	1.99	1.82
Basic Earnings per Share	$0.58	$0.81	$0.81	$0.89	$0.76	$0.89	$0.82	$1.16	$1.14	$0.97	$0.93
Weighted Average Basic Shares Outstanding	32.07M	32.17M	32.24M	32.31M	32.27M	32.23M	31.92M	31.56M	31.86M	31.78M	31.63M
Diluted Earnings per Share	$0.58	$0.81	$0.79	$0.85	$0.71	$0.86	$0.79	$1.12	$1.11	$0.94	$0.90
Weighted Average Diluted Shares Outstanding	32.26M	32.43M	33.07M	33.65M	33.35M	33.36M	32.89M	32.58M	32.88M	32.62M	32.43M
Weighted Average Basic & Diluted Shares Outstanding	32.17M	32.20M	32.30M	32.36M	32.27M	32.11M	31.57M	31.71M	31.71M	31.59M	31.65M

This table details how cash moves in and out of Blue Bird's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	9/30/2022	9/30/2023	9/28/2024	9/27/2025
Net Change in Cash & Equivalents	-8.28	-0.55	10	-2.36	11	-26	-33	-1.23	69	49	102
Net Cash From Operating Activities	23	25	48	48	56	3.46	-54	-24	120	111	176
Net Cash From Continuing Operating Activities	23	25	48	48	56	3.46	-54	-24	120	111	176
Net Income / (Loss) Continuing Operations	15	6.90	29	31	24	12	-0.29	-46	24	106	128
Consolidated Net Income / (Loss)	15	6.90	29	31	24	12	-0.29	-46	24	106	128
Depreciation Expense	8.79	8.05	8.18	9.04	10	14	13	14	16	15	16
Amortization Expense	6.58	7.79	6.29	3.52	2.76	1.72	1.86	3.77	1.20	0.69	0.28
Non-Cash Adjustments To Reconcile Net Income	-0.46	9.91	9.18	3.91	8.23	4.50	8.11	22	-0.72	4.26	13
Changes in Operating Assets and Liabilities, net	-6.48	-7.54	-4.81	1.07	10	-29	-77	-18	80	-14	19
Net Cash From Investing Activities	-5.19	-9.58	-9.20	-32	-35	-19	-11	-6.45	-8.52	-16	-24
Net Cash From Continuing Investing Activities	-5.19	-9.58	-9.20	-32	-35	-19	-11	-6.45	-8.52	-16	-24
Purchase of Property, Plant & Equipment	-5.19	-9.58	-9.25	-32	-36	-19	-12	-6.45	-8.52	-15	-23
Acquisitions	-	-	-	-	-	-	-	-	0.00	-0.55	-1.00
Net Cash From Financing Activities	-26	-16	-28	-19	-9.54	-11	33	30	-43	-47	-51
Net Cash From Continuing Financing Activities	-26	-16	-28	-19	-9.54	-11	33	30	-43	-47	-51
Repayment of Debt	-40	-38	-168	-10	-9.90	-210	-84	-178	-88	-175	-5.00
Repurchase of Preferred Equity	-	-	0.00	0.00	-50	-	-	0.00	0.00	-9.94	-40
Repurchase of Common Equity	0.00	0.00	-34	-27	-	-3.57	-0.52	-1.91	-0.38	-1.18	-9.89
Issuance of Debt	0.00	0.00	157	0.00	50	199	117	135	45	136	0.00
Other Financing Activities, net	14	25	22	20	0.73	3.30	0.65	-0.83	0.55	3.20	3.70
Cash Interest Paid	20	13	6.08	5.78	10	7.59	12	15	16	9.93	7.37
Cash Interest Received	-	-	-	-	-	-	-	-0.01	-1.00	-3.78	-5.87
Cash Income Taxes Paid	7.15	0.16	8.42	3.67	4.59	-1.54	0.03	-0.08	-0.03	29	59

This table details how cash moves in and out of Blue Bird's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Change in Cash & Equivalents	28	-1.69	16	-4.68	39	8.43	-5.37	42	56	12	34
Net Cash From Operating Activities	36	0.22	55	0.99	55	26	28	57	65	37	48
Net Cash From Continuing Operating Activities	36	0.22	55	0.99	55	26	28	57	65	37	48
Net Income / (Loss) Continuing Operations	19	26	26	29	25	29	26	36	36	31	29
Consolidated Net Income / (Loss)	19	26	26	29	25	29	26	36	36	31	29
Depreciation Expense	3.90	3.62	3.64	3.66	3.91	3.86	3.85	3.96	3.92	3.98	4.07
Amortization Expense	0.30	0.17	0.17	0.17	0.17	0.07	0.07	0.07	0.07	0.12	0.12
Non-Cash Adjustments To Reconcile Net Income	-0.45	4.77	0.66	-0.20	-0.98	0.81	6.21	3.49	2.86	0.49	-0.07
Changes in Operating Assets and Liabilities, net	13	-34	24	-31	28	-7.04	-8.41	13	22	1.24	14
Net Cash From Investing Activities	-2.13	-2.90	-2.74	-4.49	-5.68	-5.09	-9.02	-4.95	-4.81	-5.66	-7.85
Net Cash From Continuing Investing Activities	-2.13	-2.90	-2.74	-4.49	-5.68	-5.09	-9.02	-4.95	-4.81	-5.66	-7.85
Purchase of Property, Plant & Equipment	-2.13	-2.90	-2.74	-4.49	-5.13	-4.59	-9.02	-4.60	-4.66	-5.47	-7.85
Net Cash From Financing Activities	-5.41	1.00	-36	-1.18	-10	-13	-24	-9.65	-4.06	-18	-5.75
Net Cash From Continuing Financing Activities	-5.41	1.00	-36	-1.18	-10	-13	-24	-9.65	-4.06	-18	-5.75
Repayment of Debt	-4.95	-135	-37	-1.25	-1.25	-1.25	-1.25	-1.25	-1.25	-1.25	-1.25
Repurchase of Common Equity	-0.32	-0.30	-	-	-0.88	-1.45	-23	-8.94	34	-17	-5.19
Other Financing Activities, net	-0.15	0.00	1.46	0.08	1.66	-0.15	0.12	0.54	3.20	0.09	0.68
Cash Interest Paid	3.85	2.90	1.87	1.05	5.21	2.37	1.68	1.66	1.66	1.49	1.50
Cash Interest Received	-	-1.09	-	-	-	-	-1.33	-1.37	-1.73	-2.10	-1.82
Cash Income Taxes Paid	0.00	0.00	9.44	9.41	11	0.08	31	13	15	0.00	7.36

This table presents Blue Bird's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Total Assets	267	278	296	307	365	317	356	366	418	525	625
Total Current Assets	129	133	160	150	172	117	156	174	236	323	412
Cash & Equivalents	53	52	63	60	71	45	12	10	79	128	229
Accounts Receivable	14	20	10	24	11	7.62	9.97	13	13	59	21
Inventories, net	49	54	76	57	79	57	125	143	135	128	139
Other Current Assets	3.96	6.10	12	8.18	12	8.24	9.19	8.49	9.22	8.80	22
Plant, Property, & Equipment, net	29	33	35	66	100	103	105	101	95	97	109
Total Noncurrent Assets	109	112	101	92	93	97	94	91	87	104	105
Long-Term Investments	13	13	12	11	11	14	15	11	18	32	35
Goodwill	19	19	19	19	19	19	19	19	19	19	19
Intangible Assets	60	59	57	55	55	52	49	47	45	44	42
Noncurrent Deferred & Refundable Income Taxes	15	19	12	4.44	3.60	4.37	4.41	11	2.18	2.40	2.70
Employee Benefit Assets	-	-	-	-	-	-	-	-	0.00	4.65	4.89
Other Noncurrent Operating Assets	1.72	1.53	0.98	1.68	0.38	1.02	1.48	1.48	1.52	2.35	1.79
Total Liabilities & Shareholders' Equity	267	278	296	307	365	317	356	366	418	525	625
Total Liabilities	388	365	354	336	433	371	389	365	378	365	370
Total Current Liabilities	133	131	139	149	170	112	125	165	230	236	237
Short-Term Debt	12	12	8.00	9.90	9.90	9.90	15	20	20	5.00	5.00
Accounts Payable	79	81	87	96	102	58	72	108	137	143	151
Accrued Expenses	30	28	27	31	38	24	20	23	40	63	63
Current Deferred Revenue	4.86	5.67	6.78	8.16	8.63	8.54	7.83	7.21	8.10	9.42	11
Other Current Liabilities	7.07	4.03	9.85	3.94	11	11	10	6.76	25	15	6.33
Total Noncurrent Liabilities	255	234	216	187	264	259	264	200	148	129	133
Long-Term Debt	175	140	143	132	173	0.00	45	20	0.00	0.00	85
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	0.00	0.20	0.17	0.25	3.67	0.00	2.51	2.78	5.44
Other Noncurrent Operating Liabilities	23	27	27	18	25	192	176	151	127	108	42
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-121	-87	-59	-28	-68	-53	-33	1.38	40	160	255
Total Preferred & Common Equity	-121	-87	-59	-28	-68	-53	-33	1.38	40	160	255
Preferred Stock	50	50	40	9.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-171	-137	-99	-38	-68	-53	-33	1.38	40	160	255
Common Stock	16	51	45	70	84	89	96	173	178	186	195
Retained Earnings	-135	-129	-100	-69	-46	-33	-34	-80	-56	0.00	88
Accumulated Other Comprehensive Income / (Loss)	-52	-59	-44	-38	-56	-58	-45	-42	-32	-26	-28

This table presents Blue Bird's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/31/2022	4/1/2023	7/1/2023	12/30/2023	3/30/2024	6/29/2024	12/28/2024	3/29/2025	6/28/2025	12/27/2025	3/28/2026
Total Assets	352	364	390	431	456	468	535	544	575	642	689
Total Current Assets	158	172	201	243	269	276	331	328	361	426	467
Cash & Equivalents	5.66	18	50	77	93	88	136	131	173	242	276
Accounts Receivable	9.13	14	11	11	11	34	14	16	21	11	13
Inventories, net	129	129	129	142	145	145	163	164	151	141	145
Other Current Assets	14	11	9.61	12	19	8.74	18	18	15	32	33
Plant, Property, & Equipment, net	99	99	96	96	94	98	98	104	104	113	118
Total Noncurrent Assets	95	94	93	92	93	95	106	111	111	104	105
Long-Term Investments	11	12	15	24	26	29	34	36	36	37	39
Goodwill	19	19	19	19	19	19	19	19	19	19	19
Intangible Assets	47	46	46	45	44	44	43	43	42	41	41
Noncurrent Deferred & Refundable Income Taxes	14	13	10	1.00	0.00	0.00	2.11	5.08	5.01	0.00	0.00
Employee Benefit Assets	-	-	-	-	-	-	5.16	6.56	7.07	4.78	4.66
Other Noncurrent Operating Assets	2.60	2.33	2.04	2.72	2.63	2.70	2.25	2.13	1.97	1.63	1.49
Total Liabilities & Shareholders' Equity	352	364	390	431	456	468	535	544	575	642	689
Total Liabilities	361	365	380	356	351	331	356	353	354	371	391
Total Current Liabilities	184	198	218	188	220	198	229	227	229	235	254
Short-Term Debt	20	20	20	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Accounts Payable	125	137	136	114	139	128	138	154	150	122	127
Accrued Expenses	25	28	35	39	44	44	54	50	53	48	61
Current Deferred Revenue	7.24	7.40	7.77	8.35	8.72	9.08	9.91	10	11	12	12
Other Current Liabilities	7.25	6.20	19	21	23	12	23	8.02	10	49	49
Total Noncurrent Liabilities	176	167	162	168	131	133	126	127	125	136	137
Long-Term Debt	129	120	115	130	92	91	89	88	86	84	83
Noncurrent Deferred & Payable Income Tax Liabilities	0.07	0.14	0.22	2.52	2.24	4.62	0.37	1.53	0.00	5.54	8.19
Other Noncurrent Operating Liabilities	30	30	31	33	34	35	37	37	39	46	46
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-9.20	-1.12	10	76	106	137	180	190	222	271	298
Total Preferred & Common Equity	-9.20	-1.12	10	76	106	137	180	190	222	271	298
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-9.20	-1.12	10	76	106	137	180	190	222	271	298
Common Stock	174	174	176	187	191	194	187	192	196	196	198
Retained Earnings	-91	-84	-74	-30	-3.53	25	19	25	52	104	128
Accumulated Other Comprehensive Income / (Loss)	-42	-41	-41	-32	-32	-31	-26	-26	-26	-28	-28

This table displays calculated financial ratios and metrics derived from Blue Bird's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	9/30/2022	9/30/2023	9/28/2024	9/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.41%	1.40%	6.29%	3.47%	-0.60%	-13.71%	-22.20%	17.05%	41.49%	18.92%	9.87%
EBITDA Growth	59.99%	-18.08%	64.67%	-33.37%	20.89%	-30.18%	-39.24%	-184.45%	403.60%	148.57%	23.92%
EBIT Growth	99.08%	-27.15%	109.16%	-38.71%	27.01%	-46.51%	-63.50%	-554.97%	214.83%	211.27%	26.41%
NOPAT Growth	1,068.76%	-58.68%	272.52%	-5.26%	-15.24%	-42.35%	-75.73%	-724.04%	218.41%	204.90%	20.42%
Net Income Growth	441.60%	-53.79%	317.41%	7.01%	-21.16%	-49.86%	-102.37%	-15,733.56%	152.04%	343.25%	21.01%
EPS Growth	353.85%	-76.27%	428.57%	45.95%	-16.67%	-50.00%	-102.22%	-14,700.00%	150.00%	327.03%	22.78%
Operating Cash Flow Growth	-36.58%	7.44%	89.77%	1.49%	15.21%	-93.79%	-1,668.11%	54.95%	590.76%	-7.35%	58.59%
Free Cash Flow Firm Growth	3,682.87%	-59.88%	90.24%	-34.02%	160.34%	301.96%	-163.65%	53.67%	303.05%	-31.73%	113.28%
Invested Capital Growth	-81.34%	-119.41%	16,742.34%	129.63%	-12.37%	-359.01%	105.41%	315.25%	-265.70%	113.38%	-185.42%
Revenue Q/Q Growth	0.00%	-2.23%	2.72%	1.88%	1.18%	-6.60%	-11.54%	8.91%	4.16%	3.63%	4.16%
EBITDA Q/Q Growth	0.00%	1.80%	-6.05%	-2.28%	-1.50%	-8.65%	-40.85%	-588.13%	365.45%	-0.58%	14.62%
EBIT Q/Q Growth	0.00%	-20.50%	7.89%	-5.47%	-2.11%	-15.32%	-65.79%	-114.23%	734.98%	-0.56%	16.27%
NOPAT Q/Q Growth	0.00%	-43.24%	13.73%	-3.43%	-12.26%	1.88%	-74.89%	-102.26%	8,705.79%	0.19%	16.67%
Net Income Q/Q Growth	0.00%	-42.95%	15.05%	1.28%	-12.08%	2.95%	-102.06%	-82.66%	233.02%	6.08%	10.21%
EPS Q/Q Growth	0.00%	0.00%	-6.33%	25.58%	-18.18%	2.27%	-101.92%	-80.49%	225.42%	4.29%	11.49%
Operating Cash Flow Q/Q Growth	925.95%	-67.08%	396.52%	-1.14%	150.72%	199.23%	-180.33%	74.13%	5.07%	21.36%	5.87%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	210.02%	-34.92%	261.14%	1,225.75%	-251.65%	62.97%	-23.81%	-7.86%	12.39%
Invested Capital Q/Q Growth	0.00%	-110.96%	-37.65%	-10.01%	-65.53%	-168.86%	-94.47%	-89.26%	-144.11%	-95.88%	-103.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.10%	13.88%	12.86%	11.90%	13.10%	10.94%	10.55%	4.56%	12.26%	19.01%	20.51%
EBITDA Margin	5.57%	4.50%	6.97%	4.49%	5.46%	4.42%	3.45%	-2.49%	5.34%	11.17%	12.60%
Operating Margin	3.90%	2.86%	6.01%	3.42%	4.30%	2.50%	0.95%	-5.08%	4.56%	10.34%	11.29%
EBIT Margin	3.90%	2.80%	5.51%	3.26%	4.17%	2.59%	1.21%	-4.72%	3.83%	10.02%	11.52%
Profit (Net Income) Margin	1.62%	0.74%	2.91%	3.01%	2.39%	1.39%	-0.04%	-5.72%	2.10%	7.83%	8.63%
Tax Burden Percent	88.52%	70.21%	77.11%	114.69%	82.01%	116.15%	14.61%	86.25%	92.28%	83.15%	75.32%
Interest Burden Percent	47.08%	37.64%	68.40%	80.30%	69.72%	46.15%	-23.84%	140.52%	59.53%	94.07%	99.41%
Effective Tax Rate	26.33%	59.06%	31.74%	-9.75%	25.56%	14.48%	0.00%	0.00%	34.69%	26.18%	25.91%
Return on Invested Capital (ROIC)	1,451.64%	4,732.32%	442.60%	126.44%	81.99%	0.00%	0.00%	-212.42%	0.00%	0.00%	35,439.54%
ROIC Less NNEP Spread (ROIC-NNEP)	1,443.26%	4,728.48%	428.15%	116.05%	72.51%	0.00%	0.00%	-271.87%	0.00%	0.00%	35,437.68%
Return on Net Nonoperating Assets (RNNOA)	-1,462.70%	-4,738.95%	-482.19%	-197.42%	-132.54%	0.00%	0.00%	505.05%	0.00%	0.00%	-35,377.99%
Return on Equity (ROE)	-11.06%	-6.63%	-39.59%	-70.98%	-50.55%	-20.13%	0.67%	292.63%	115.09%	105.78%	61.55%
Cash Return on Invested Capital (CROIC)	1,588.73%	0.00%	119.37%	47.79%	95.18%	0.00%	-1,861.67%	-334.79%	0.00%	1,298.34%	0.00%
Operating Return on Assets (OROA)	12.83%	9.59%	19.04%	11.09%	12.63%	6.66%	2.46%	-10.46%	11.06%	28.63%	29.66%
Return on Assets (ROA)	5.35%	2.53%	10.04%	10.22%	7.22%	3.57%	-0.09%	-12.67%	6.08%	22.39%	22.21%
Return on Common Equity (ROCE)	-13.11%	-9.81%	-64.09%	-111.27%	-55.44%	-20.13%	0.67%	292.63%	115.09%	105.78%	61.55%
Return on Equity Simple (ROE_SIMPLE)	-12.32%	-7.93%	-49.22%	-108.77%	-35.83%	-22.89%	0.89%	-3,311.07%	59.53%	66.15%	0.00%
Net Operating Profit after Tax (NOPAT)	26	11	41	38	33	19	4.57	-28	34	103	124
NOPAT Margin	2.87%	1.17%	4.10%	3.76%	3.20%	2.14%	0.67%	-3.56%	2.98%	7.64%	8.37%
Net Nonoperating Expense Percent (NNEP)	8.38%	3.84%	14.45%	10.39%	9.48%	21.39%	-187.21%	59.45%	-35.70%	2.33%	1.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	47.56%
Cost of Revenue to Revenue	86.90%	86.12%	87.14%	88.10%	86.90%	89.06%	89.45%	95.44%	87.74%	80.99%	79.49%
SG&A Expenses to Revenue	9.20%	11.02%	6.85%	8.48%	8.80%	8.44%	9.59%	9.65%	7.70%	8.67%	9.21%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.20%	11.02%	6.85%	8.48%	8.80%	8.44%	9.59%	9.65%	7.70%	8.67%	9.21%
Earnings before Interest and Taxes (EBIT)	36	26	55	33	43	23	8.30	-38	43	135	171
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	51	42	69	46	56	39	24	-20	61	150	186
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	193.49	17.16	9.82	7.19
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16.13	9.43
Price to Revenue (P/Rev)	0.23	0.35	0.50	0.65	0.50	0.37	0.85	0.33	0.61	1.16	1.24
Price to Earnings (P/E)	17.05	107.98	27.06	22.96	20.76	26.77	0.00	0.00	28.82	14.85	14.39
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.86%	0.93%	3.70%	4.35%	4.82%	3.74%	0.00%	0.00%	3.47%	6.73%	6.95%
Enterprise Value to Invested Capital (EV/IC)	672.86	0.00	33.36	17.55	16.39	0.00	118.68	13.31	0.00	294.71	0.00
Enterprise Value to Revenue (EV/Rev)	0.42	0.50	0.62	0.73	0.60	0.32	0.90	0.36	0.54	1.05	1.07
Enterprise Value to EBITDA (EV/EBITDA)	7.52	11.04	8.92	16.17	10.95	7.29	26.18	0.00	10.09	9.39	8.46
Enterprise Value to EBIT (EV/EBIT)	10.74	17.74	11.29	22.24	14.34	12.46	74.46	0.00	14.08	10.47	9.25
Enterprise Value to NOPAT (EV/NOPAT)	14.58	42.46	15.16	19.33	18.67	15.05	135.34	0.00	18.10	13.74	12.74
Enterprise Value to Operating Cash Flow (EV/OCF)	16.47	18.45	12.93	15.39	10.94	81.86	0.00	0.00	5.09	12.72	8.95
Enterprise Value to Free Cash Flow (EV/FCFF)	13.32	39.96	27.94	51.15	16.09	1.86	0.00	0.00	6.70	22.70	11.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.54	-1.75	-2.58	-5.02	-2.76	-0.30	-1.97	29.94	0.52	0.03	0.02
Long-Term Debt to Equity	-1.45	-1.61	-2.45	-4.67	-2.61	-0.11	-1.52	15.61	0.02	0.00	0.00
Financial Leverage	-1.01	-1.00	-1.13	-1.70	-1.83	-0.51	0.06	-1.86	-1.34	-1.16	-1.00
Leverage Ratio	-2.07	-2.62	-3.94	-6.95	-7.00	-5.64	-7.84	-23.09	18.94	4.72	2.77
Compound Leverage Factor	-0.97	-0.98	-2.70	-5.58	-4.88	-2.60	1.87	-32.45	11.28	4.44	2.76
Debt to Total Capital	283.85%	233.51%	163.11%	124.90%	156.87%	-42.13%	202.91%	96.77%	34.20%	3.04%	1.92%
Short-Term Debt to Total Capital	17.82%	18.04%	8.63%	8.70%	8.30%	-26.43%	46.80%	46.31%	32.57%	3.04%	1.92%
Long-Term Debt to Total Capital	266.03%	215.48%	154.48%	116.20%	148.57%	-15.70%	156.11%	50.46%	1.62%	0.00%	0.00%
Preferred Equity to Total Capital	75.83%	76.76%	43.14%	8.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-259.68%	-210.27%	-106.25%	-33.07%	-56.87%	142.13%	-102.91%	3.23%	65.80%	96.96%	98.08%
Debt to EBITDA	3.66	3.63	2.19	3.09	3.36	0.41	2.73	-2.08	0.34	0.03	0.03
Net Debt to EBITDA	2.38	2.07	1.11	1.54	1.89	-1.11	1.60	-1.02	-1.25	-1.03	-1.39
Long-Term Debt to EBITDA	3.43	3.35	2.07	2.87	3.18	0.15	2.10	-1.08	0.02	0.00	0.00
Debt to NOPAT	7.09	13.95	3.72	3.69	5.73	0.84	14.10	-1.45	0.62	0.05	0.04
Net Debt to NOPAT	4.61	7.96	1.89	1.84	3.22	-2.29	8.29	-0.71	-2.25	-1.50	-2.10
Long-Term Debt to NOPAT	6.65	12.87	3.52	3.44	5.43	0.31	10.85	-0.76	0.03	0.00	0.00
Altman Z-Score	3.49	3.56	4.42	4.57	3.70	3.41	2.87	2.01	3.98	6.19	6.78
Noncontrolling Interest Sharing Ratio	-18.52%	-48.03%	-61.86%	-56.77%	-9.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.97	1.02	1.16	1.01	1.01	1.05	1.25	1.06	1.03	1.37	1.74
Quick Ratio	0.50	0.56	0.52	0.57	0.48	0.47	0.17	0.14	0.40	0.79	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	29	12	22	15	38	152	-97	-45	91	62	133
Operating Cash Flow to CapEx	450.21%	261.97%	517.61%	150.61%	157.06%	18.40%	-479.63%	-378.69%	1,407.61%	727.98%	770.44%
Free Cash Flow to Firm to Interest Expense	1.51	0.71	1.27	2.18	2.94	12.43	-9.43	-2.93	4.92	5.13	18.43
Operating Cash Flow to Interest Expense	1.22	1.53	2.74	7.26	4.33	0.28	-5.28	-1.60	6.47	9.15	24.47
Operating Cash Flow Less CapEx to Interest Expense	0.95	0.95	2.21	2.44	1.57	-1.25	-6.38	-2.02	6.01	7.90	21.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.29	3.42	3.45	3.40	3.03	2.58	2.03	2.22	2.89	2.86	2.57
Accounts Receivable Turnover	52.58	54.73	65.04	59.91	58.89	96.83	77.77	71.16	90.23	37.59	37.12
Inventory Turnover	13.26	15.59	13.28	13.53	13.01	11.57	6.73	5.70	7.14	8.29	8.80
Fixed Asset Turnover	31.22	29.87	29.06	20.34	12.27	8.64	6.55	7.77	11.58	14.00	14.38
Accounts Payable Turnover	9.20	10.03	10.28	9.86	8.94	9.80	9.42	8.48	8.11	7.78	7.99
Days Sales Outstanding (DSO)	6.94	6.67	5.61	6.09	6.20	3.77	4.69	5.13	4.05	9.71	9.83
Days Inventory Outstanding (DIO)	27.53	23.42	27.48	26.98	28.07	31.55	54.21	64.05	51.09	44.01	41.46
Days Payable Outstanding (DPO)	39.67	36.37	35.51	37.01	40.82	37.26	38.74	43.04	45.00	46.89	45.70
Cash Conversion Cycle (CCC)	-5.20	-6.29	-2.42	-3.94	-6.56	-1.94	20.16	26.14	10.14	6.83	5.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.57	-0.11	18	42	37	-96	5.21	22	-36	4.79	-4.10
Invested Capital Turnover	505.43	4,043.43	107.90	33.66	25.60	-29.75	-15.02	59.70	-159.50	-86.83	4,234.90
Increase / (Decrease) in Invested Capital	-2.49	-0.68	19	24	-5.25	-133	101	16	-57	41	-8.89
Enterprise Value (EV)	385	463	616	744	609	283	618	288	611	1,413	1,578
Market Capitalization	213	326	499	664	504	326	580	267	686	1,568	1,837
Book Value per Share	($8.24)	($6.13)	($4.07)	($1.39)	($2.56)	($1.97)	($1.20)	$0.04	$1.24	$4.93	$8.06
Tangible Book Value per Share	($12.05)	($9.64)	($7.21)	($4.13)	($5.34)	($4.57)	($3.71)	($2.03)	($0.75)	$3.00	$6.15
Total Capital	66	65	93	114	119	-37	32	43	61	165	260
Total Debt	187	152	151	142	187	16	64	41	21	5.01	5.00
Total Long-Term Debt	175	140	143	132	177	5.88	50	22	0.99	0.01	0.00
Net Debt	122	87	77	71	105	-43	38	20	-76	-155	-260
Capital Expenditures (CapEx)	5.19	9.58	9.20	32	35	19	11	6.45	8.52	15	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-46	-39	-33	-49	-59	-29	34	19	-53	-35	-49
Debt-free Net Working Capital (DFNWC)	7.23	14	30	11	12	15	46	30	26	92	180
Net Working Capital (NWC)	-4.52	2.01	22	0.99	2.41	5.25	31	9.70	6.44	87	175
Net Nonoperating Expense (NNE)	11	4.01	12	7.68	8.33	6.62	4.85	17	9.92	-2.69	-3.86
Net Nonoperating Obligations (NNO)	122	87	77	71	105	-43	38	20	-76	-155	-260
Total Depreciation and Amortization (D&A)	15	16	14	13	13	16	15	18	17	16	16
Debt-free, Cash-free Net Working Capital to Revenue	-4.96%	-4.14%	-3.32%	-4.82%	-5.76%	-3.34%	5.03%	2.38%	-4.66%	-2.62%	-3.34%
Debt-free Net Working Capital to Revenue	0.79%	1.48%	3.00%	1.06%	1.21%	1.72%	6.75%	3.68%	2.32%	6.86%	12.15%
Net Working Capital to Revenue	-0.49%	0.22%	2.19%	0.10%	0.24%	0.60%	4.57%	1.21%	0.57%	6.49%	11.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.60	$0.14	$0.79	$1.15	$0.92	$0.45	($0.01)	($1.48)	$0.74	$3.27	$4.01
Adjusted Weighted Average Basic Shares Outstanding	21.18M	21.25M	23.34M	25.26M	26.46M	26.85M	27.14M	31.02M	32.07M	32.27M	31.86M
Adjusted Diluted Earnings per Share	$0.59	$0.14	$0.74	$1.08	$0.90	$0.45	($0.01)	($1.48)	$0.74	$3.16	$3.88
Adjusted Weighted Average Diluted Shares Outstanding	25.50M	21.32M	24.88M	28.62M	27.04M	27.09M	27.14M	31.02M	32.26M	33.35M	32.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.88M	22.61M	23.96M	26.33M	26.48M	27.06M	27.28M	32.02M	32.17M	32.27M	31.71M
Normalized Net Operating Profit after Tax (NOPAT)	26	19	41	25	33	19	4.57	-28	34	103	124
Normalized NOPAT Margin	2.87%	2.00%	4.10%	2.40%	3.20%	2.14%	0.67%	-3.56%	2.98%	7.64%	8.37%
Pre Tax Income Margin	1.84%	1.05%	3.77%	2.62%	2.91%	1.19%	-0.29%	-6.63%	2.28%	9.42%	11.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.88	1.59	3.14	5.02	3.30	1.86	0.81	-2.47	2.34	11.12	23.68
NOPAT to Interest Expense	1.38	0.66	2.34	5.78	2.53	1.54	0.44	-1.86	1.82	8.47	17.20
EBIT Less CapEx to Interest Expense	1.61	1.01	2.61	0.20	0.55	0.32	-0.29	-2.89	1.88	9.86	20.51
NOPAT Less CapEx to Interest Expense	1.11	0.08	1.81	0.96	-0.22	0.00	-0.66	-2.28	1.36	7.22	14.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	41.75%	14.79%	6.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	41.75%	133.98%	92.41%	0.00%	29.28%	-178.89%	-4.17%	1.58%	1.12%	7.74%

This table displays calculated financial ratios and metrics derived from Blue Bird's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	31,591,902.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	31,591,902.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.93
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.58%	34.75%	15.38%	13.28%	15.60%	-1.19%	3.74%	19.39%	16.89%	6.12%	-1.73%
EBITDA Growth	307.33%	780.98%	135.34%	123.01%	-2.74%	-1.58%	0.45%	31.08%	76.25%	4.21%	6.05%
EBIT Growth	224.82%	482.22%	181.77%	184.59%	-2.71%	-2.12%	0.16%	33.76%	88.06%	4.19%	5.98%
NOPAT Growth	216.82%	528.69%	169.99%	88.54%	1.44%	-11.22%	-8.58%	30.49%	92.57%	14.54%	19.68%
Net Income Growth	180.61%	331.54%	264.98%	206.81%	32.47%	9.84%	0.09%	26.97%	47.98%	7.08%	12.50%
EPS Growth	177.33%	331.43%	259.09%	193.10%	22.41%	6.17%	0.00%	31.76%	56.34%	9.30%	13.92%
Operating Cash Flow Growth	19.27%	-98.91%	120.06%	-97.49%	54.63%	12,070.51%	-49.10%	5,654.90%	17.64%	38.50%	71.99%
Free Cash Flow Firm Growth	334.39%	-53.88%	-9.00%	-104.72%	-128.17%	-28.19%	-114.11%	874.16%	312.67%	60.11%	1,120.67%
Invested Capital Growth	-265.70%	-12.45%	-22.96%	43.24%	113.38%	-5.85%	37.77%	-10.28%	-185.42%	-20.99%	-39.13%
Revenue Q/Q Growth	2.95%	4.85%	8.89%	-3.63%	5.05%	-10.38%	14.33%	10.91%	2.85%	-18.63%	5.87%
EBITDA Q/Q Growth	75.10%	26.41%	-6.46%	7.70%	-23.63%	27.91%	-4.53%	40.55%	2.68%	-24.37%	-2.84%
EBIT Q/Q Growth	114.28%	31.87%	-7.17%	8.50%	-26.75%	32.67%	-5.01%	44.90%	2.99%	-26.49%	-3.39%
NOPAT Q/Q Growth	23.73%	49.24%	-4.54%	6.96%	-33.43%	30.61%	-1.70%	52.67%	-1.76%	-22.31%	2.72%
Net Income Q/Q Growth	98.95%	40.46%	-0.49%	10.33%	-14.10%	16.46%	-9.32%	39.96%	0.12%	-15.73%	-4.73%
EPS Q/Q Growth	100.00%	39.66%	-2.47%	7.59%	-16.47%	21.13%	-8.14%	41.77%	-0.89%	-15.32%	-4.26%
Operating Cash Flow Q/Q Growth	-9.18%	-99.39%	25,040.09%	-98.19%	5,496.76%	-52.29%	5.15%	104.96%	14.41%	-43.83%	30.57%
Free Cash Flow Firm Q/Q Growth	-43.61%	-42.73%	19.09%	-112.27%	-236.57%	245.97%	-123.39%	773.63%	-7.54%	9.89%	49.12%
Invested Capital Q/Q Growth	-144.11%	405.47%	-22.83%	37.74%	-95.88%	2,049.08%	12.92%	-10.29%	-103.92%	2,087.84%	-13.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.50%	20.01%	18.40%	20.80%	17.02%	19.22%	19.74%	21.59%	21.11%	21.38%	20.03%
EBITDA Margin	10.58%	12.76%	10.96%	12.25%	8.90%	12.71%	10.61%	13.45%	13.42%	12.48%	11.45%
Operating Margin	9.63%	11.95%	10.43%	11.92%	7.30%	10.53%	9.39%	12.58%	12.30%	11.31%	11.09%
EBIT Margin	9.20%	11.56%	9.86%	11.10%	7.74%	11.46%	9.52%	12.43%	12.45%	11.25%	10.26%
Profit (Net Income) Margin	6.15%	8.23%	7.52%	8.61%	7.04%	9.15%	7.26%	9.16%	8.92%	9.23%	8.31%
Tax Burden Percent	76.03%	80.13%	80.46%	80.02%	94.57%	80.65%	77.52%	74.04%	71.40%	81.19%	80.10%
Interest Burden Percent	87.90%	88.84%	94.84%	96.98%	96.22%	99.04%	98.38%	99.48%	100.29%	101.11%	101.06%
Effective Tax Rate	35.37%	25.88%	25.54%	27.70%	25.24%	24.41%	27.17%	25.14%	26.86%	24.07%	24.88%
Return on Invested Capital (ROIC)	0.00%	91.79%	100.88%	113.41%	0.00%	100.63%	92.43%	121.28%	38,093.75%	139.64%	132.96%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	89.43%	99.02%	113.36%	0.00%	83.14%	89.30%	122.77%	38,093.91%	138.03%	133.02%
Return on Net Nonoperating Assets (RNNOA)	0.00%	226.36%	84.57%	38.21%	0.00%	-13.95%	-28.76%	-47.33%	-38,029.74%	-81.59%	-82.04%
Return on Equity (ROE)	115.09%	318.15%	185.44%	151.62%	105.78%	86.68%	63.67%	73.95%	64.01%	58.05%	50.92%
Cash Return on Invested Capital (CROIC)	0.00%	74.08%	117.24%	68.40%	1,298.34%	99.96%	65.34%	107.05%	0.00%	161.67%	190.01%
Operating Return on Assets (OROA)	26.58%	35.89%	30.28%	33.63%	22.12%	31.85%	25.81%	33.86%	32.05%	28.64%	24.86%
Return on Assets (ROA)	17.76%	25.55%	23.11%	26.09%	20.13%	25.44%	19.69%	24.94%	22.95%	23.51%	20.12%
Return on Common Equity (ROCE)	115.09%	318.15%	185.44%	151.62%	105.78%	86.68%	63.67%	73.95%	64.01%	58.05%	50.92%
Return on Equity Simple (ROE_SIMPLE)	0.00%	81.05%	75.76%	72.48%	0.00%	60.16%	56.80%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	19	28	27	29	19	25	25	37	37	29	29
NOPAT Margin	6.22%	8.86%	7.76%	8.62%	5.46%	7.96%	6.84%	9.42%	9.00%	8.59%	8.33%
Net Nonoperating Expense Percent (NNEP)	-0.83%	2.36%	1.86%	0.06%	4.81%	17.49%	3.13%	-1.49%	-0.16%	1.61%	-0.06%
Return On Investment Capital (ROIC_SIMPLE)	-	13.35%	13.20%	-	-	9.13%	8.67%	11.96%	14.14%	7.93%	7.61%
Cost of Revenue to Revenue	83.50%	79.99%	81.60%	79.20%	82.98%	80.78%	80.26%	78.41%	78.89%	78.62%	79.97%
SG&A Expenses to Revenue	6.87%	8.06%	7.97%	8.89%	9.72%	8.69%	10.35%	9.01%	8.81%	10.07%	8.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.87%	8.06%	7.97%	8.89%	9.72%	8.69%	10.35%	9.01%	8.81%	10.07%	8.94%
Earnings before Interest and Taxes (EBIT)	28	37	34	37	27	36	34	49	51	37	36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	41	38	41	31	40	38	54	55	42	40
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	17.16	11.47	11.67	12.67	9.82	7.08	5.55	6.14	7.19	5.93	5.84
Price to Tangible Book Value (P/TBV)	0.00	73.47	29.06	23.37	16.13	10.80	8.20	8.46	9.43	7.61	7.30
Price to Revenue (P/Rev)	0.61	0.71	0.98	1.34	1.16	0.95	0.78	0.96	1.24	1.07	1.17
Price to Earnings (P/E)	28.82	14.15	15.40	17.48	14.85	11.77	9.78	11.75	14.39	12.40	13.09
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.47%	7.07%	6.49%	5.72%	6.73%	8.50%	10.23%	8.51%	6.95%	8.06%	7.64%
Enterprise Value to Invested Capital (EV/IC)	0.00	8.23	14.37	14.77	294.71	11.61	8.45	11.92	0.00	17.44	21.38
Enterprise Value to Revenue (EV/Rev)	0.54	0.74	0.96	1.32	1.05	0.89	0.73	0.88	1.07	0.95	1.01
Enterprise Value to EBITDA (EV/EBITDA)	10.09	8.42	9.42	11.36	9.39	7.98	6.56	7.65	8.46	7.54	7.95
Enterprise Value to EBIT (EV/EBIT)	14.08	10.04	10.86	12.66	10.47	8.91	7.33	8.48	9.25	8.25	8.69
Enterprise Value to NOPAT (EV/NOPAT)	18.10	12.64	13.69	16.74	13.74	11.99	10.09	11.71	12.74	11.14	11.45
Enterprise Value to Operating Cash Flow (EV/OCF)	5.09	8.99	9.33	18.77	12.72	8.71	8.90	7.47	8.95	7.61	7.34
Enterprise Value to Free Cash Flow (EV/FCFF)	6.70	10.37	10.66	25.44	22.70	11.26	14.99	10.53	11.89	9.52	8.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	1.79	0.92	0.70	0.03	0.52	0.49	0.41	0.02	0.33	0.30
Long-Term Debt to Equity	0.02	1.72	0.88	0.66	0.00	0.49	0.46	0.39	0.00	0.31	0.28
Financial Leverage	-1.34	2.53	0.85	0.34	-1.16	-0.17	-0.32	-0.39	-1.00	-0.59	-0.62
Leverage Ratio	18.94	11.79	7.84	5.81	4.72	3.79	3.38	2.91	2.77	2.61	2.53
Compound Leverage Factor	16.65	10.48	7.44	5.63	4.55	3.75	3.32	2.89	2.78	2.64	2.55
Debt to Total Capital	34.20%	64.14%	48.01%	41.19%	3.04%	34.30%	32.74%	29.20%	1.92%	24.73%	22.80%
Short-Term Debt to Total Capital	32.57%	2.37%	2.46%	2.14%	3.04%	1.83%	1.77%	1.60%	1.92%	1.39%	1.30%
Long-Term Debt to Total Capital	1.62%	61.76%	45.56%	39.05%	0.00%	32.48%	30.97%	27.60%	0.00%	23.34%	21.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.80%	35.86%	51.99%	58.81%	96.96%	65.70%	67.26%	70.80%	98.08%	75.27%	77.20%
Debt to EBITDA	0.34	1.26	0.76	0.64	0.03	0.63	0.62	0.56	0.03	0.47	0.46
Net Debt to EBITDA	-1.25	0.32	-0.17	-0.14	-1.03	-0.51	-0.49	-0.72	-1.39	-1.01	-1.19
Long-Term Debt to EBITDA	0.02	1.22	0.72	0.60	0.00	0.59	0.58	0.53	0.00	0.45	0.44
Debt to NOPAT	0.62	1.90	1.10	0.94	0.05	0.94	0.95	0.86	0.04	0.70	0.67
Net Debt to NOPAT	-2.25	0.47	-0.24	-0.20	-1.50	-0.77	-0.76	-1.11	-2.10	-1.49	-1.72
Long-Term Debt to NOPAT	0.03	1.83	1.05	0.89	0.00	0.89	0.90	0.81	0.00	0.66	0.63
Altman Z-Score	3.85	4.62	5.24	6.47	5.51	5.16	4.79	5.47	6.15	5.71	5.64
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.03	1.30	1.23	1.40	1.37	1.44	1.45	1.58	1.74	1.81	1.83
Quick Ratio	0.40	0.47	0.48	0.62	0.79	0.65	0.65	0.85	1.06	1.07	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	76	44	52	-6.39	-21	31	-7.34	49	46	50	75
Operating Cash Flow to CapEx	1,680.61%	7.47%	1,991.75%	22.01%	1,079.83%	574.88%	307.80%	1,237.57%	1,398.28%	669.33%	608.11%
Free Cash Flow to Firm to Interest Expense	18.53	8.42	18.50	-3.03	-10.59	16.38	-4.05	28.45	26.33	32.08	48.48
Operating Cash Flow to Interest Expense	8.69	0.04	19.40	0.47	27.28	13.79	15.32	32.75	37.51	23.36	30.91
Operating Cash Flow Less CapEx to Interest Expense	8.18	-0.52	18.43	-1.66	24.75	11.39	10.34	30.10	34.83	19.87	25.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.89	3.10	3.07	3.03	2.86	2.78	2.71	2.72	2.57	2.55	2.42
Accounts Receivable Turnover	90.23	120.08	100.62	57.22	37.59	107.03	99.69	51.56	37.12	121.09	103.95
Inventory Turnover	7.14	7.51	7.56	7.70	8.29	7.14	7.09	7.74	8.80	7.79	7.64
Fixed Asset Turnover	11.58	12.48	13.07	13.42	14.00	13.85	13.66	14.11	14.38	14.20	13.46
Accounts Payable Turnover	8.11	8.54	7.54	7.97	7.78	8.67	7.49	8.22	7.99	9.13	8.39
Days Sales Outstanding (DSO)	4.05	3.04	3.63	6.38	9.71	3.41	3.66	7.08	9.83	3.01	3.51
Days Inventory Outstanding (DIO)	51.09	48.60	48.28	47.42	44.01	51.14	51.48	47.14	41.46	46.83	47.77
Days Payable Outstanding (DPO)	45.00	42.72	48.44	45.80	46.89	42.12	48.71	44.39	45.70	39.96	43.48
Cash Conversion Cycle (CCC)	10.14	8.92	3.47	8.00	6.83	12.43	6.43	9.83	5.59	9.89	7.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-36	109	84	116	4.79	103	116	104	-4.10	81	71
Invested Capital Turnover	-159.50	10.36	12.99	13.16	-86.83	12.65	13.51	12.88	4,234.90	16.26	15.96
Increase / (Decrease) in Invested Capital	-57	-16	-25	35	41	-6.40	32	-12	-8.89	-22	-46
Enterprise Value (EV)	611	901	1,213	1,718	1,413	1,196	983	1,244	1,578	1,419	1,514
Market Capitalization	686	867	1,234	1,739	1,568	1,273	1,057	1,361	1,837	1,609	1,741
Book Value per Share	$1.24	$2.35	$3.29	$4.25	$4.93	$5.57	$5.93	$7.03	$8.06	$8.56	$9.43
Tangible Book Value per Share	($0.75)	$0.37	$1.32	$2.30	$3.00	$3.65	$4.02	$5.10	$6.15	$6.66	$7.54
Total Capital	61	211	203	233	165	274	283	313	260	361	386
Total Debt	21	135	98	96	5.01	94	93	91	5.00	89	88
Total Long-Term Debt	0.99	130	93	91	0.01	89	88	86	0.00	84	83
Net Debt	-76	34	-21	-21	-155	-77	-74	-117	-260	-190	-227
Capital Expenditures (CapEx)	2.13	2.90	2.74	4.49	5.13	4.59	9.02	4.60	4.66	5.47	7.85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-53	-17	-38	-5.29	-35	-30	-24	-36	-49	-46	-59
Debt-free Net Working Capital (DFNWC)	26	61	55	83	92	106	107	137	180	196	217
Net Working Capital (NWC)	6.44	56	50	78	87	101	102	132	175	191	212
Net Nonoperating Expense (NNE)	0.23	1.98	0.83	0.01	-5.54	-3.75	-1.49	1.03	0.33	-2.15	0.08
Net Nonoperating Obligations (NNO)	-76	34	-21	-21	-155	-77	-74	-117	-260	-190	-227
Total Depreciation and Amortization (D&A)	4.20	3.79	3.81	3.83	4.08	3.93	3.92	4.03	3.99	4.10	4.19
Debt-free, Cash-free Net Working Capital to Revenue	-4.66%	-1.38%	-3.05%	-0.41%	-2.62%	-2.21%	-1.77%	-2.53%	-3.34%	-3.07%	-3.93%
Debt-free Net Working Capital to Revenue	2.32%	4.98%	4.33%	6.39%	6.86%	7.92%	7.87%	9.65%	12.15%	13.05%	14.55%
Net Working Capital to Revenue	0.57%	4.57%	3.94%	6.01%	6.49%	7.55%	7.50%	9.30%	11.81%	12.72%	14.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.58	$0.81	$0.81	$0.89	$0.76	$0.89	$0.82	$1.16	$1.14	$0.97	$0.93
Adjusted Weighted Average Basic Shares Outstanding	32.07M	32.17M	32.24M	32.31M	32.27M	32.23M	31.92M	31.56M	31.86M	31.78M	31.63M
Adjusted Diluted Earnings per Share	$0.58	$0.81	$0.79	$0.85	$0.71	$0.86	$0.79	$1.12	$1.11	$0.94	$0.90
Adjusted Weighted Average Diluted Shares Outstanding	32.26M	32.43M	33.07M	33.65M	33.35M	33.36M	32.89M	32.58M	32.88M	32.62M	32.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.17M	32.20M	32.30M	32.36M	32.27M	32.11M	31.57M	31.71M	31.71M	31.59M	31.65M
Normalized Net Operating Profit after Tax (NOPAT)	19	28	27	29	19	25	25	37	37	29	29
Normalized NOPAT Margin	6.22%	8.86%	7.76%	8.62%	5.46%	7.96%	6.84%	9.42%	9.00%	8.59%	8.33%
Pre Tax Income Margin	8.08%	10.27%	9.35%	10.76%	7.45%	11.35%	9.36%	12.37%	12.49%	11.37%	10.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.77	7.08	12.13	17.56	13.36	18.78	18.84	28.47	29.36	23.92	23.43
NOPAT to Interest Expense	4.58	5.42	9.55	13.63	9.42	13.04	13.54	21.57	21.21	18.27	19.02
EBIT Less CapEx to Interest Expense	6.25	6.52	11.15	15.43	10.83	16.38	13.86	25.83	26.68	20.43	18.34
NOPAT Less CapEx to Interest Expense	4.06	4.86	8.58	11.50	6.90	10.64	8.57	18.92	18.53	14.78	13.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1.58%	1.01%	0.77%	0.62%	1.12%	11.43%	32.68%	38.21%	7.74%	19.87%	-1.54%

Financials Breakdown Chart

Key Financial Trends

Blue Bird (BLBD) has shown a pattern of improving profitability and stronger cash generation over the last four years, with a notable ramp in 2024–2025 and solid cash balances into 2026. The company also maintains a manageable balance sheet with rising equity and modest long-term debt. Below are the top trends that retail investors may find meaningful, based on the latest four years of quarterly data.

Revenue growth: 2024 trailing quarters generally ranged around 317–350M, while 2025 reached a quarterly high of 409.37M in Q4 2025, underscoring improving demand. For example, Q4 2025 revenue was 409.37M versus Q4 2024 at 350.21M.
Net income expansion: Net income from continuing operations rose meaningfully in 2025, with Q4 2025 net income continuing operations at 36.50M, well above 2024 levels (e.g., Q4 2024 net income continuing operations was 24.66M).
Strong operating cash flow: Net cash from continuing operating activities remained robust in late 2024–2025, peaking notably at 65.12M in Q4 2025 and staying in the 28–57M range across 2025 (e.g., Q3 2025 56.92M, Q2 2025 27.77M).
Rising cash balance and liquidity: Cash & equivalents grew from about 93.1M at the end of 2024 to roughly 241.7M by 2025 Q1 and 241.7M by 2026 Q1, reflecting improved liquidity.
Higher equity base: Total common equity climbed from about 221.8M (2025 Q3) to 271.4M (2026 Q1), signaling stronger balance sheet capitalization and potential financing flexibility.
Stable gross margins: Gross margin has hovered around the 21% area across periods (e.g., Q4 2025 gross profit of 86.41M on 409.37M revenue ≈ 21.1%; Q1 2026 gross profit 71.23M on 333.08M revenue ≈ 21.4%), indicating consistent profitability discipline.
Inventory levels and working capital: Inventories have been substantial and fluctuating (e.g., 151.0M in 2025 Q3, 140.9M in 2026 Q1), suggesting ongoing manufacturing work-in-progress and supplier/production cycles that can influence near-term cash flow.
Quarterly earnings volatility: The mix of revenue and operating expenses leads to notable quarterly fluctuations in net income, reflecting seasonality and project execution timing rather than a straight linear trend.

Financing outflows: Net cash from financing activities has been negative in several periods due to share repurchases and debt repayments, e.g., -18.50M in 2026 Q1 and -18.65M in 2025 Q4, which can press on cash balance despite positive OCF.
Investing cash outflows persist: Net cash from investing activities (CAPEX and acquisitions) have been consistently negative in many quarters (roughly -5 to -9M in several periods), limiting free cash flow despite solid OCF.

05/09/26 07:58 AM ETAI Generated. May Contain Errors.

Blue Bird Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Blue Bird's financial year ends in September. Their financial year 2025 ended on September 27, 2025.

Blue Bird's net income appears to be on an upward trend, with a most recent value of $127.72 million in 2025, rising from $14.93 million in 2015. The previous period was $105.55 million in 2024. See where experts think Blue Bird is headed by visiting Blue Bird's forecast page.

Blue Bird's total operating income in 2025 was $167.17 million, based on the following breakdown:

Total Gross Profit: $303.51 million
Total Operating Expenses: $136.35 million

Over the last 10 years, Blue Bird's total revenue changed from $919.13 million in 2015 to $1.48 billion in 2025, a change of 61.0%.

Blue Bird's total liabilities were at $369.84 million at the end of 2025, a 1.2% increase from 2024, and a 4.7% decrease since 2015.

In the past 10 years, Blue Bird's cash and equivalents has ranged from $10.48 million in 2022 to $229.31 million in 2025, and is currently $229.31 million as of their latest financial filing in 2025.

Over the last 10 years, Blue Bird's book value per share changed from -8.24 in 2015 to 8.06 in 2025, a change of -197.8%.

Related Companies

Financial statements for NASDAQ:BLBD last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Blue Bird (BLBD) Financials

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