Blue Bird (BLBD) financial statements
Blue Bird reported revenue of $1.5B in fiscal 2025, up 5.3% a year over 9 years.
Net income was $128M and the operating margin 11.3%, against 2.9% in 2016.
Free cash flow was $153M, and the company returned $10M in net buybacks.
The diluted share count rose 54% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Blue Bird's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $932M | $991M | $1.0B | $1.0B | $879M | $684M | $801M | $1.1B | $1.3B | $1.5B |
| Cost of revenue | $803M | $863M | $903M | $885M | $783M | $612M | $764M | $994M | $1.1B | $1.2B |
| Gross profit | $129M | $127M | $122M | $133M | $96M | $72M | $37M | $139M | $256M | $304M |
| Research and development | $5M | $7M | $8M | $12M | $6M | $5M | $6M | $7M | $9M | $15M |
| Selling, general and admin | $103M | $68M | $87M | $90M | $74M | $66M | $77M | $87M | $117M | $136M |
| Operating income | $27M | $60M | $35M | $44M | $22M | $7M | -$41M | $52M | $139M | $167M |
| Interest expense | $16M | $7M | $7M | $13M | $12M | $10M | $15M | $18M | $11M | $7M |
| Pre-tax income | $10M | $37M | $27M | $30M | $10M | -$2M | -$53M | $26M | $127M | $170M |
| Income tax | $6M | $12M | -$3M | $8M | $2M | -$1M | -$11M | $9M | $33M | $44M |
| Net income | $7M | $29M | $31M | $24M | $12M | -$289,000 | -$46M | $24M | $106M | $128M |
| EPS (diluted) | $0.14 | $0.74 | $1.08 | $0.90 | $0.45 | -$0.01 | -$1.48 | $0.74 | $3.16 | $3.88 |
| Diluted shares | 21M | 25M | 29M | 27M | 27M | 27M | 31M | 32M | 33M | 33M |
| Gross margin | 13.9% | 12.9% | 11.9% | 13.1% | 10.9% | 10.5% | 4.6% | 12.3% | 19.0% | 20.5% |
| Operating margin | 2.9% | 6.0% | 3.4% | 4.3% | 2.5% | 1.0% | -5.1% | 4.6% | 10.3% | 11.3% |
| Net margin | 0.7% | 2.9% | 3.0% | 2.4% | 1.4% | -0.0% | -5.7% | 2.1% | 7.8% | 8.6% |
Balance sheet
Fiscal years, from Blue Bird's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $63M | $63M | $60M | $71M | $45M | $12M | $10M | $79M | $128M | $229M |
| Receivables | $20M | $10M | $24M | $11M | $8M | $10M | $13M | $13M | $59M | $21M |
| Inventory | $54M | $76M | $57M | $79M | $57M | $125M | $143M | $135M | $128M | $139M |
| Total current assets | $133M | $160M | $150M | $172M | $117M | $156M | $174M | $236M | $323M | $412M |
| Property, plant and equipment | $33M | $35M | $66M | $100M | $103M | $105M | $101M | $95M | $97M | $109M |
| Goodwill | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M |
| Total assets | $278M | $296M | $307M | $365M | $317M | $356M | $366M | $418M | $525M | $625M |
| Total current liabilities | $131M | $139M | $149M | $170M | $112M | $125M | $165M | $230M | $236M | $237M |
| Long-term debt | $140M | $143M | $132M | $173M | $164M | $150M | $130M | $111M | $90M | $85M |
| Total liabilities | $365M | $354M | $336M | $433M | $371M | $389M | $365M | $378M | $365M | $370M |
| Shareholders' equity | -$87M | -$59M | -$28M | -$68M | -$53M | -$33M | $1M | $40M | $160M | $255M |
| Net debt | $90M | $89M | $82M | $112M | $130M | $153M | $140M | $51M | -$33M | -$139M |
Cash flow
Fiscal years, from Blue Bird's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $25M | $48M | $48M | $56M | $3M | -$54M | -$24M | $120M | $111M | $176M |
| Capital spending | $10M | $9M | $32M | $36M | $19M | $12M | $6M | $9M | $15M | $23M |
| Free cash flow | $16M | $38M | $16M | $20M | -$16M | -$66M | -$31M | $111M | $96M | $153M |
| Stock-based compensation | $13M | $1M | $3M | $4M | $4M | $6M | $4M | $4M | $9M | $15M |
| Dividends paid | $0 | — | — | — | — | — | — | — | — | — |
| Share buybacks (net) | — | — | — | — | -$4M | -$517,000 | -$2M | -$376,000 | -$1M | -$10M |
| Free cash flow margin | 1.7% | 3.9% | 1.6% | 2.0% | -1.8% | -9.7% | -3.9% | 9.8% | 7.1% | 10.4% |
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Open BLBD in InvestinglyQuestions
What was Blue Bird's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Blue Bird generate?
$153M in fiscal 2025 (operating cash flow minus capital spending).
From Blue Bird's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.