Filing Flows › Consumer Discretionary › Blue Bird (BLBD)
Blue Bird (BLBD) earnings and revenue breakdown
Latest: Q3 FY26 · 10-Q filed Aug 5, 2026 · Blue Bird (BLBD) Q3 FY26 earnings results →
Q3 FY26 Revenue up 30% year over year to $517M · 36¢ of every $1 of revenue kept as net profit · operating margin 12.1%
Blue Bird made $517M in Q3 FY26 (+30% Y/Y): Alternative fuel buses $340M, Diesel buses $140M, Parts $24.7M. Operating margin 12.1%, net earnings $185M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $517.2M in Q3 FY26, up 30% year over year and up 47% from the previous quarter. Alternative fuel buses was the largest line at 66% of revenue. Alternative fuel buses added $105.1M year over year (up 45%), 88% of the total change. Parts declined 1%.
Gross margin was 20.0%, down 1.6 points from Q3 FY25. Operating profit was $62.7M, a 12.1% margin (down 0.5 points year over year). Of the extra revenue versus Q3 FY25, 11% reached operating profit, below the 13% margin then. Operating expenses grew 14% against revenue growth of 30%. Net earnings were $185.3M, up 408% year over year. The effective tax rate was 5.2%. Non-operating items added $132.8M, 68% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $31.0M (down 45% year over year), 17% of net earnings. Non-cash charges added back $8.7M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $164.5M. After cash paid for fixed assets ($9.4M), free cash flow as the company reports it was $21.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 FY26 | 10-Q | Aug 5, 2026 | $517M | +30% | 12.1% | $185M | $31.0M |
| Q2 FY26 | 10-Q | May 6, 2026 | $353M | -2% | 11.1% | $29.3M | $47.8M |
| Q1 FY26 | 10-Q | Feb 4, 2026 | $333M | +6% | 11.3% | $30.8M | $36.6M |
| Q4 FY25 | 10-K | Nov 24, 2025 | $409M | +17% | 12.3% | $36.5M | $65.1M |
| Q3 FY25 | 10-Q | Aug 6, 2025 | $398M | +19% | 12.6% | $36.5M | $56.9M |
| Q2 FY25 | 10-Q | May 7, 2025 | $359M | +4% | 9.4% | $26.0M | $27.8M |
| Q4 FY24 | 10-K | Nov 25, 2024 | $350M | +16% | 7.3% | $24.7M | $55.4M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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About Blue Bird
The Company (formerly Hennessy Capital Acquisition Corp.) was incorporated in Delaware on September 24, 2013 as a special purpose acquisition company, or SPAC. On February 24, 2015, the Company consummated a business combination (the “Business Combination”), pursuant to which the Company acquired all of the outstanding capital stock of School Bus Holdings Inc., a Delaware corporation (“School Bus Holdings” or “SBH”) from The Traxis Group, B.V. (the “Seller”). The total purchase price was paid in a combination of cash in the amount of $100.0 million and 12,000,000 shares of the Company’s common stock, $0.0001 par value (the “Common Stock”), valued at $120.0 million.
In its own words, from its 10-K, filed Nov 24, 2025.
Blue Bird against its Truck & Bus Bodies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +30% against the peers' median +30%. Operating margin: 12.1% against the peers' median 3.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BLBD Blue Bird | Q3 FY26 | $517M | +30% | 12.1% |
| MLR Miller Industries | Q3 2026 | $212M | +19% | 3.5% |
| HYLN Hyliion Holdings | Q2 2026 | $4.9M | +226% | -309.4% |
Source: Blue Bird 10-Q on SEC EDGAR · CIK 1589526 · Truck & Bus Bodies
13F: who owns BLBD and who is buying
More on BLBD
- How Blue Bird makes money: revenue by segment
- Blue Bird next earnings date and what analysts expect
- Blue Bird stock forecast, price target and fair value
- Who owns Blue Bird stock: holders, funds and Congress trades
- Is Blue Bird a takeover target? LBO and rumors
- Blue Bird recalls, complaints and regulation
History
Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results