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Blue Bird Corp (BLBD) stock

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NASDAQ: BLBD Nasdaq Construction Machinery & Heavy Transportation Equipment Next results ~November 25, 2026

B Fundamentals grade

Blue Bird Corp is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($146.60) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($146.60) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating. We'll show the comparison once resolved.

Blue Bird Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 3 selling3 purchases and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds165 adding, 135 cuttingOf 56 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Blue Bird files

Where Blue Bird stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.61bn, up 13.5% on a year earlier, faster than the 10.1% growth a quarter earlier. Free-cash-flow margin held at 9.5%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 6 of our 6 financial-health checks.

Our model value for Blue Bird is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 25, 2026 (estimated)

Blue Bird Corp's trailing-twelve-month revenue grew 13.5% year on year, with a free-cash-flow margin of 9.5%. Where it stands out: net margin of 17.5% ranks 1 of 23 construction machinery & heavy transportation equipment companies we cover.

Our discounted-cash-flow model values the business at ~$150 per share in the base case (~$110–$190 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 7.0% while net income grew 143.2%: a 136pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 3.4 points higher than a quarter earlier.

Things to watch

  • Weak cash conversion. Free cash flow was 54% of net income over the last 12 months.
  • Heavily shorted. 15.6% of the shares available to trade are sold short (8.4 days of average volume to cover).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 20.2% over 90 days.
  • Earnings expected to fall. The consensus expects earnings per share to fall 7% next year.

Latest results: FY2026 Q3

Filed August 5, 2026
Earnings per share
$1.28 against an average estimate of $1.30: missed by 1.6%
Revenue
$517m, up 29.9% on a year earlier
Share reaction
-15.2% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
net Revenue $1.75bn (2026); adj. EBITDA $247m (2026)
Next report
November 25, 2026; average EPS estimate $1.45

Blue Bird's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.3%
  • 1 week-0.5%
  • 1 month+2.2%
  • This year+22.9%
  • 1 year+15.6%
  • 5 years+166.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.6B
Operating margin
11.8%
Net margin
17.5%
EPS (TTM, diluted)
$8.48

Growth

Revenue growth
+13.5%
Change in growth rate
+3.4 pts
Share count change
−0.1%

Cash

Free cash flow (TTM)
$153M
FCF margin
9.5%
Stock pay % of revenue
0.5%

Earnings

Last results
August 5, 2026
Next results (est.)
November 23, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Financing
  2. Agreement
  3. Announcement
  4. Results
  5. Partnership
  6. Agreement
  7. Guidance
  8. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Blue Bird Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($146.60) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Blue Bird Corp's free cash flow after stock-based pay ( $136M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Blue Bird Corp as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$150 ~$110–$190 Left out: far from the other models (more than 3x away from their median)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$53 ~$45–$75 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$16 ~$12–$23 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$14 ~$13–$17 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Blue Bird Corp with Construction Machinery & Heavy Transportation Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$14.61$20.60$24.50$19.05$12.06$21.32$8.35$21.35$48.45$57.95$57.77
Market value$311m$512m$701m$515m$327m$579m$259m$689m$1.6bn$1.9bn$1.9bn
+ Net debt (− = net cash)$99m$91m$86m$115m$132m$155m−$10m$53m−$31m−$138m−$29m
Enterprise value$410m$604m$787m$630m$459m$733m$249m$742m$1.6bn$1.8bn$1.9bn
Multiples
Price / sales 0.3x0.5x0.7x0.5x0.4x0.8x0.3x0.6x1.2x1.3x1.2x
Price / earnings 45.1x17.8x22.7x21.2x26.8x——28.9x15.3x14.9x6.8x
Price / free cash flow 20.1x13.3x43.2x25.5x———6.2x16.9x12.4x12.5x
EV / EBITDA 11.8x8.9x17.8x11.6x12.6x36.7x—11.0x10.3x9.7x9.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

39 /100

Weak moat

How hard Blue Bird's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 15 / 20

    Cash operating profit has been a median 11.6% of total assets over 10 years.

  • Pricing power 6 / 20

    Gross margin has been a median 12.4%, moving by 4.4 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 4.3%; its worst year was -2.7%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 6 of 10 years, at a median 4.6% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 21.4% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 25, 2026, after the close. Analysts expect revenue of $551m and EPS of $1.45 (range $1.39 to $1.57) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.80 +10% $1.8bn +18%
Next $4.46 −7% $2.0bn +15%

Next year's EPS estimate has moved −20.2% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.6% on 90 days ago. In the last 30 days, 0 analysts raised Blue Bird Corp's forecast and 1 cut it.

Consensus EPS forecast Blue Bird Corp, last 90 days
$4.00 $4.50 $5.00 $5.50 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.93 Current fiscal year, 60 days ago: $4.91 Current fiscal year, 30 days ago: $4.82 Current fiscal year, 7 days ago: $4.82 Current fiscal year, Now: $4.80 $4.80 Next fiscal year, 90 days ago: $5.58 Next fiscal year, 60 days ago: $5.52 Next fiscal year, 30 days ago: $4.79 Next fiscal year, 7 days ago: $4.79 Next fiscal year, Now: $4.46 $4.46

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.93$5.58
60 days ago $4.91$5.52
30 days ago $4.82$4.79
7 days ago $4.82$4.79
Now $4.80$4.46

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.30 $1.28 −1.6%
Mar 2026 $0.87 $1.00 +15.1%
Dec 2025 $0.80 $1.00 +24.8%
Sept 2025 $1.02 $1.32 +29.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Net Revenue 2026 about $1.75bn Raised
    “The updated 2026 Guidance is Net Revenue at ~$1.75 Billion and Adj. EBITDA to ~$247 million.” source
  • Adj. EBITDA 2026 about $247m Non-GAAP Raised
    “The updated 2026 Guidance is Net Revenue at ~$1.75 Billion and Adj. EBITDA to ~$247 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Blue Bird Corp's revenue by +18.9% next year and +14.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+20.8%, weight 52%) , management guidance (+20.7%, weight 21%) and the company's own record (+13.7%, weight 28%) . How the weights are set.

Analyst recommendations

8 analysts, Nov 2026
Buy8100%
Hold00%
Sell00%

Monthly trend

  1. Nov 2026268
  2. Oct 2026268
  3. Sep 2026268

Counts of recommendations published by analysts covering Blue Bird Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.6%
of tradable shares
Days to cover
8.41
at average volume
Short interest, 1 month
+0%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.3%
of shares
Employees
2,008
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +15.6%

$49.96 on October 31, 2025 to $57.77

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.6bn +13.5%
Net margin 8.2% 17.5% +114.3%
P/E multiple 14.3x 6.8x −52.5%
Share count 33m 33m +0.1%

Biggest factor: net margin.

Last 3 years +199.0%

$19.32 on November 3, 2023 to $57.77

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.6bn +48.3%
P/S multiple 0.6x 1.2x +107.9%
Share count 32m 33m −3.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BLBD−14%−32%+152%+43%+22%+23%
Industry peers (median)+16%−8%+28%+22%+4%+9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BLBD50%42%58%33%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BLBD−48%−66%−37%−37%−26%−32%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 74% from April 27, 2021 to October 20, 2022. Getting back needed a 287% gain, reached on January 29, 2024, 466 days after the low.

Price behaviour

52-week range
$46.59 – $81.50
From 52-week high
−29.1%
vs 50-day average
−1.3%
vs 200-day average
−8.6%
Volatility (1 year)
42%
Beta vs S&P 500
1.07

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±8.0%
After a week
8 up, 4 down
typical move ±11.0%
After a month
7 up, 5 down
typical move ±12.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −15.2% −0.4% −17.3% −18.2%
May 6, 2026 +11.8% +1.1% +12.0% +9.9%
February 4, 2026 +5.9% −1.7% +10.2% +4.4%
November 24, 2025 −3.7% +2.4% −5.8% −3.7%
August 6, 2025 +19.9% +0.7% +29.5% +34.9%
May 7, 2025 −2.9% +1.1% +4.0% +5.8%
February 5, 2025 +3.0% +0.8% −1.3% −6.2%
November 25, 2024 −1.2% +0.9% +1.3% −2.8%
October 25, 2024 +3.2% +0.3% +2.2% +4.1%
August 7, 2024 +0.2% +1.6% −3.0% −4.5%
May 8, 2024 +25.9% +0.6% +42.8% +51.8%
February 7, 2024 −2.7% +0.9% +2.1% +3.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Blue Bird Corp in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Blue Bird Corp
$1B $1.2B $1.4B $1.6B $1.8B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.1B Revenue (TTM), FY24 Q1: $1.2B Revenue (TTM), FY24 Q2: $1.3B Revenue (TTM), FY24 Q3: $1.3B Revenue (TTM), FY24 Q4: $1.3B Revenue (TTM), FY25 Q1: $1.3B Revenue (TTM), FY25 Q2: $1.4B Revenue (TTM), FY25 Q3: $1.4B Revenue (TTM), FY25 Q4: $1.5B Revenue (TTM), FY26 Q1: $1.5B Revenue (TTM), FY26 Q2: $1.5B Revenue (TTM), FY26 Q3: $1.6B $1.6B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.1B
FY24 Q1 $1.2B
FY24 Q2 $1.3B
FY24 Q3 $1.3B
FY24 Q4 $1.3B
FY25 Q1 $1.3B
FY25 Q2 $1.4B
FY25 Q3 $1.4B
FY25 Q4 $1.5B
FY26 Q1 $1.5B
FY26 Q2 $1.5B
FY26 Q3 $1.6B
Revenue growth, TTM YoY Blue Bird Corp
0% 20% 40% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 41.5% Revenue growth, TTM YoY, FY24 Q1: 33.9% Revenue growth, TTM YoY, FY24 Q2: 26.2% Revenue growth, TTM YoY, FY24 Q3: 19.5% Revenue growth, TTM YoY, FY24 Q4: 18.9% Revenue growth, TTM YoY, FY25 Q1: 10.6% Revenue growth, TTM YoY, FY25 Q2: 7.6% Revenue growth, TTM YoY, FY25 Q3: 9.3% Revenue growth, TTM YoY, FY25 Q4: 9.9% Revenue growth, TTM YoY, FY26 Q1: 11.6% Revenue growth, TTM YoY, FY26 Q2: 10.1% Revenue growth, TTM YoY, FY26 Q3: 13.5% 13.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 41.5%
FY24 Q1 33.9%
FY24 Q2 26.2%
FY24 Q3 19.5%
FY24 Q4 18.9%
FY25 Q1 10.6%
FY25 Q2 7.6%
FY25 Q3 9.3%
FY25 Q4 9.9%
FY26 Q1 11.6%
FY26 Q2 10.1%
FY26 Q3 13.5%
Operating margin (TTM) Blue Bird Corp
4% 6% 8% 10% 12% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 4.6% Operating margin (TTM), FY24 Q1: 8.1% Operating margin (TTM), FY24 Q2: 9.7% Operating margin (TTM), FY24 Q3: 11.0% Operating margin (TTM), FY24 Q4: 10.3% Operating margin (TTM), FY25 Q1: 10.0% Operating margin (TTM), FY25 Q2: 9.7% Operating margin (TTM), FY25 Q3: 10.0% Operating margin (TTM), FY25 Q4: 11.3% Operating margin (TTM), FY26 Q1: 11.5% Operating margin (TTM), FY26 Q2: 11.9% Operating margin (TTM), FY26 Q3: 11.8% 11.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 4.6%
FY24 Q1 8.1%
FY24 Q2 9.7%
FY24 Q3 11.0%
FY24 Q4 10.3%
FY25 Q1 10.0%
FY25 Q2 9.7%
FY25 Q3 10.0%
FY25 Q4 11.3%
FY26 Q1 11.5%
FY26 Q2 11.9%
FY26 Q3 11.8%
FCF margin (TTM) Blue Bird Corp
6% 8% 10% 12% 14% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 9.8% FCF margin (TTM), FY24 Q1: 7.4% FCF margin (TTM), FY24 Q2: 9.5% FCF margin (TTM), FY24 Q3: 6.1% FCF margin (TTM), FY24 Q4: 7.1% FCF margin (TTM), FY25 Q1: 9.0% FCF margin (TTM), FY25 Q2: 6.4% FCF margin (TTM), FY25 Q3: 10.1% FCF margin (TTM), FY25 Q4: 10.4% FCF margin (TTM), FY26 Q1: 10.8% FCF margin (TTM), FY26 Q2: 12.3% FCF margin (TTM), FY26 Q3: 9.5% 9.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 9.8%
FY24 Q1 7.4%
FY24 Q2 9.5%
FY24 Q3 6.1%
FY24 Q4 7.1%
FY25 Q1 9.0%
FY25 Q2 6.4%
FY25 Q3 10.1%
FY25 Q4 10.4%
FY26 Q1 10.8%
FY26 Q2 12.3%
FY26 Q3 9.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2013 Sept 2013 2014 Sept 2014 2015 Oct 2015 2016 Oct 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Oct 2020 2021 Oct 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 777 856 919 932 991 1,025 1,019 879 684 801 1,133 1,347 1,480 1,612
Gross profit 92 109 120 129 127 122 133 96 72 37 139 256 304 332
EBITDA 39 28 45 35 68 44 54 36 20 −27 68 154 183 211
Operating income 27 18 36 27 60 35 44 22 7 −41 52 139 167 190
Net income 54 3 15 7 29 31 24 12 −0 −46 24 106 128 282
Diluted EPS $2.46 $0.13 $0.59 $0.14 $0.74 $1.08 $0.90 $0.45 −$0.01 −$1.48 $0.74 $3.16 $3.88 $8.48
Growth (year on year)
Revenue — +10.2% +7.4% +1.4% +6.3% +3.5% −0.6% −13.7% −22.2% +17.1% +41.5% +18.9% +9.9% +13.5%
EBITDA — −28.5% +60.4% −22.3% +95.2% −34.8% +22.9% −32.9% −45.1% −233.5% — +127.9% +18.6% +33.3%
Operating income — −33.9% +99.9% −25.6% +123.4% −41.1% +25.0% −49.8% −70.3% — — +169.7% +20.0% +33.3%
Net income — −94.9% — — — +7.0% −21.2% −49.9% — — — +343.3% +21.0% +143.2%
Diluted EPS — −94.7% — — — +45.9% −16.7% −50.0% — — — +327.0% +22.8% +143.5%
Margins
Gross margin 11.9% 12.8% 13.1% 13.9% 12.9% 11.9% 13.1% 10.9% 10.5% 4.6% 12.3% 19.0% 20.5% 20.6%
EBITDA margin 5.0% 3.3% 4.9% 3.7% 6.8% 4.3% 5.3% 4.1% 2.9% −3.3% 6.0% 11.4% 12.3% 13.1%
Operating margin 3.5% 2.1% 3.9% 2.9% 6.0% 3.4% 4.3% 2.5% 1.0% −5.1% 4.6% 10.3% 11.3% 11.8%
Net margin 7.0% 0.3% 1.6% 0.7% 2.9% 3.0% 2.4% 1.4% −0.0% −5.7% 2.1% 7.8% 8.6% 17.5%
Free-cash-flow margin 3.9% 3.7% 2.0% 1.7% 3.9% 1.6% 2.0% −1.8% −9.7% −3.9% 9.8% 7.1% 10.4% 9.5%
Cash flow
Cash from operations 35 37 23 25 48 48 56 3 −54 −24 120 111 176 180
Capital spending 5 6 5 10 9 32 36 19 12 6 9 15 23 27
Free cash flow 30 31 18 16 38 16 20 −16 −66 −31 111 96 153 153
Stock-based pay 0 0 2 13 1 3 4 4 6 4 4 9 15 7
Free cash flow after stock pay 30 31 17 3 37 14 16 −20 −72 −35 107 87 139 146
Balance sheet
Cash 47 0 53 63 63 60 71 45 12 10 79 128 229 117
Total debt 0 — 198 162 154 146 186 176 166 — 132 96 91 88
Net debt (negative = net cash) −47 −0 145 99 91 86 115 132 155 −10 53 −31 −138 −29
Diluted shares 22m 22m 25m 21m 25m 29m 27m 27m 27m 31m 32m 33m 33m 33m
Returned to shareholders
Dividends 0 227 0 0 — — — — — — — — — —
Buybacks — — 0 0 34 27 0 4 1 2 0 1 10 8
Total returned 0 227 0 0 34 27 0 4 1 2 0 1 10 8

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · June 27, 2026
What it owns · $1.2bn
Short-term assets $514mLonger-term assets $653m
What it owes, and who funded it · $968m
Short-term liabilities $313mShareholders' equity $655m
  • Short-term assets cover short-term liabilities $514m of assets due within a year against $313m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $117m of cash against $87m of debt.
  • Debt below 40% of shareholders' equity Debt is 13% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 375% to 13% over five years.
  • A year's operating cash flow covers at least 20% of debt $180m of operating cash flow against $87m of debt.
  • Operating profit covers interest at least five times over Operating income of $190m against $7m of interest.

From Blue Bird Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$8.1M
Buybacks, last 3 fiscal years
$11.4M
Diluted share count
−0.1%
year over year
Total shareholder yield
0.4%
dividends 0.0% + buybacks 0.4% of market value
Sales & admin spending
8.8%
of revenue
Days sales outstanding
12 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in construction machinery & heavy transportation equipment
Last 12 months unless stated BLBD ASTE WNC TRN MTW GBX Median
Revenue, last 12 months $1.6bn $1.6bn $1.5bn $2.1bn $2.3bn $2.5bn $2.1bn
Revenue growth, last 12 months 13.5% 18.7% −7.3% −2.4% 8.9% −24.0% 10.1%
Revenue growth, 3-year average 14.0% 4.5% −16.4% −8.6% 2.0% −14.5% 4.3%
Revenue growth, latest quarter 29.9% 23.6% 24.8% 17.8% 10.3% −22.2% 17.8%
Gross margin 20.6% 25.7% 0.9% 24.6% 18.7% 13.6% 21.4%
Operating margin 11.8% 3.4% −10.4% 34.5% 3.1% 5.8% 5.9%
Operating margin, 3-year average 10.9% 3.2% −0.6% 23.4% 2.5% 8.7% 8.6%
Net margin 17.5% 1.3% −9.1% 15.4% 0.9% 3.2% 3.2%
Cash from operations / revenue 11.2% 5.2% −8.1% 19.3% 4.8% 1.6% 8.9%
Free-cash-flow margin 9.5% 2.1% −9.0% 16.8% 3.0% −9.7% 7.0%
Free-cash-flow margin, 3-year average 8.6% 1.7% 0.6% 15.0% 0.3% −4.0% 5.9%
Stock pay / revenue 0.5% 0.6% 0.7% 1.1% 0.4% 0.6% 0.6%
Change in share count −0.1% 1.2% −2.6% −1.9% 2.3% −1.1% −0.1%

Median of all 23 companies we cover in construction machinery & heavy transportation equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 construction machinery & heavy transportation equipment companies
Measure Company Peer median Rank
Revenue growth Growth 13.5% 10.1% 10 of 23
Change in growth rate Growth +3.4pp +4.6pp 14 of 23
Gross margin Profitability 20.6% 21.4% 13 of 23
Operating margin Profitability 11.8% 5.8% 6 of 21
Net margin Profitability 17.5% 3.2% 1 of 23
Free-cash-flow margin Cash generation 9.5% 7.0% 9 of 23
Stock pay as % of revenue Cash generation 0.5% 0.6% 6 of 20
Long-term debt as % of assets Balance sheet 7.0% 24.0% 4 of 18
Change in share count Balance sheet -0.1% -0.1% 12 of 21
Days sales outstanding Balance sheet 12 days 50 days 3 of 13

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 27, 2025
Products and services
Line of business Revenue Share YoY
Alternative Fuel Buses $798M 53.9% ▲ 10.0%
Diesel Buses $523M 35.4% ▲ 13.5%
Parts $100M 6.8% ▼ 1.5%
Other $58.1M 3.9% 0.0%
Geography
Region Revenue Share YoY
United States $1.3B 88.8% ▲ 9.6%
Canada $164M 11.1% ▲ 11.6%
Restof World $2M 0.1% ▲ 99.7%

From Blue Bird Corp's 10-K filed November 24, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.5B
Institutions reporting
304
Shares held vs prior quarter
▼ 2.7%
Positions opened / closed
51 / 33

Top buyers and sellers, Q2 2026: 165 institutions bought and 135 sold ; the biggest buyer was Price T Rowe Associates Inc (+623K shares) and the biggest seller Two Sigma Investments, LP (−443K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $238M 3.0M 9.4% ▲ 18.7%
Blackrock, Inc. $207M 2.6M 8.1% ▲ 1.5%
American Century Companies Inc $126M 1.6M 4.9% ▼ 9.3%
Vanguard Capital Management LLC $111M 1.4M 4.3% ▲ 0.8%
Westwood Holdings Group Inc $97.9M 1.2M 3.8% ▼ 25.1%
Jupiter Topco LLC $94.2M 1.2M 3.7% —
Wellington Management Group LLP $78.6M 995K 3.1% ▼ 2.3%
Geode Capital Management, LLC $69M 874K 2.7% ▲ 5.7%
Price T Rowe Associates Inc $64.6M 818K 2.5% ▲ 317.9%
Bank Of America Corp $63.6M 805K 2.5% ▲ 52.1%
State Street Corp $63.5M 804K 2.5% ▲ 6.9%
Dimensional Fund Advisors LP $56.8M 719K 2.2% ▲ 4.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Blue Bird Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $62,476 3 trades by 1 insider, last 12 months Insider sales History → $2.3M 7 trades by 3 insiders · 33% under pre-set plans
Net ▼ $2.3M net selling
Insider Date Trade Shares Price Value
Sanfrey Jeffrey Scott Chief Operating Officer September 16, 2026 Sell 4,000 $62.40 $249,600
Thau Daniel Mark Director August 12, 2026 Buy 350 $64.37 $22,530
Thau Daniel Mark Director May 19, 2026 Buy 300 $65.09 $19,527
Sanfrey Jeffrey Scott Chief Operating Officer March 4, 2026 Sell 5,192 $58.54 $303,940
Radulescu Razvan Chief Financial Officer February 19, 2026 Sell 3,925 $60.98 $239,346
Radulescu Razvan Chief Financial Officer December 17, 2025 Sell pre-set plan 7,006 $51.58 $361,369
Horlock Phil Director December 12, 2025 Sell 8,341 $50.35 $419,969
Horlock Phil Director December 12, 2025 Sell 7,040 $50.50 $355,520
Radulescu Razvan Chief Financial Officer December 10, 2025 Sell pre-set plan 7,984 $50.39 $402,314
Thau Daniel Mark Director December 4, 2025 Buy 400 $51.05 $20,420

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Blue Bird Corp disclosed in the last 12 months; 1 earlier trade on record.

  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded April 7, 2025, filed May 14, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 23, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 4, 2026
  • November 24, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Blue Bird Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Blue Bird Corp in brief

What does Blue Bird Corp do?
Blue Bird Corp is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in September.
What is Blue Bird Corp's stock ticker?
Blue Bird Corp trades under the ticker BLBD on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Blue Bird Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Blue Bird Corp reported revenue of $1.6B, 13.5% higher than a year earlier, according to its SEC filings.
What is Blue Bird Corp's free cash flow?
Blue Bird Corp's free-cash-flow margin is 9.5% of revenue over the trailing twelve months, ranking 9 of the 23 construction machinery & heavy transportation equipment companies we cover.
Who are Blue Bird Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and American Century Companies Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Blue Bird Corp buying back stock, and does it pay a dividend?
Blue Bird Corp spent $8.1M on share repurchases over the trailing twelve months, and its diluted share count fell 0.1% over the year.
What is Blue Bird Corp's market cap?
On November 2, 2026, Blue Bird Corp's market capitalisation was about $1.9B, with a price-to-earnings ratio of 6.8 and net debt of -$29.3M. Market figures come from third-party market data and may be delayed.
How much debt does Blue Bird Corp have?
Blue Bird Corp's debt-to-equity ratio is 13.3%, from its latest balance sheet (374.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Blue Bird Corp's competitors?
In our Construction Machinery & Heavy Transportation Equipment peer group, the companies closest to Blue Bird Corp are Astec Industries Inc, Wabash National Corp, Trinity Industries Inc, Manitowoc Co Inc and Greenbrier Companies Inc. The side-by-side comparison below sets their revenue, margins and growth against Blue Bird Corp's.
Are insiders buying or selling Blue Bird Corp stock?
Over the last 12 months, Blue Bird Corp's directors and officers reported 3 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Blue Bird Corp's next earnings date?
Around November 25, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Blue Bird Corp announces its own schedule.