Blue Bird Corporation
Rank #269Capital ReturnBLBD · Nasdaq · Industrials
Blue Bird Corporation (BLBD) — Rank #269 by gross profitability (GP/assets 0.26) · ROE 19.5% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0001589526 · all metrics point-in-time as of the filing date.
About
Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.
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The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines. The company also sells replacement bus parts; and provides extended warranties related to its products. Blue Bird Corporation sells its products through drop ship and a network of dealers, as well as directly to fleet operators, the United States government, and state governments; independent service centers; and maintains a parts distribution center. It has a collaboration with Ford Motor Company to create the next generation of F-53/F-59 commercial stripped chassis.
Blue Bird Corporation was founded in 1927 and is headquartered in Macon, Georgia.
- Industry
- Farm & Heavy Construction Machinery
- Sector
- Industrials
- Filer Category
- Large accelerated filer
- Fiscal Year End
- October 3
- Website
- blue-bird.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$1.97B
P/E (annual)
16.0
P/S (annual)
1.3
P/B
3.0
P/OCF (annual)
11.2
Shareholder Yield
1.4%
Employees
2,008
Industry
Farm & Heavy Construction Machinery
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 3/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
2.1%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -1.4% — per-share value needs a total required return of 0.7% once share-count change is priced in.
vs. own 6-year median revenue growth: 18.0%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-1.8%
r = 10% (base)
2.1%
r = 12%
5.6%
Net debt / market cap: -1.5%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.26
Primary signal (Novy-Marx).
81st pctl of 22 SIC 37 peers
Return on equity
19.5%
Gross margin
20.5%
48th pctl of 22 SIC 37 peers
Revenue growth (YoY)
9.9%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
22.7%
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.78
75th pctl of 21 SIC 37 peers (best = lowest)
Current ratio
1.64×
24th pctl of 22 SIC 37 peers
Quick ratio
0.54×
Net cash
$30.01M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$153.34M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.20
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.0%
Stock-based comp intensity.
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).