Filing Flows › Blue Bird (BLBD) › Q2 FY26 › vs Q2 FY25
Blue Bird (BLBD) Q2 FY26 vs Q2 FY25 (year over year)
Blue Bird's revenue fell $6.2M (-2%) from $359M in Q2 FY25 to $353M in Q2 FY26. The biggest changes: Alternative fuel buses −$49.6M (-25%); Diesel buses +$47.6M (+40%); Other −$5.5M (-34%). Gross margin 20.0% against 19.7% (+0.3 pts).
Blue Bird, Q2 FY26: revenue $353M (-2% year over year), operating margin 11.1%, net earnings $29.3M, operating cash flow $47.8M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 20.0% | 19.7% | +0.3 pts |
| Operating margin | 11.1% | 9.4% | +1.7 pts |
| Net margin | 8.3% | 7.3% | +1.1 pts |
| Free cash flow margin | 11.3% | 5.2% | +6.1 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Diesel buses | $165M | $118M | $47.6M | +40% |
| Alternative fuel buses | $150M | $199M | −$49.6M | -25% |
| Parts | $26.8M | $25.5M | $1.3M | +5% |
| Other | $10.8M | $16.3M | −$5.5M | -34% |
| Revenue | $353M | $359M | −$6.2M | -2% |
| Gross profit | $70.6M | $70.9M | −$207K | -0.3% |
| Cost of revenue | $282M | $288M | −$6.0M | -2% |
| Operating profit | $39.1M | $33.7M | $5.4M | +16% |
| Operating expenses | $31.5M | $37.1M | −$5.6M | -15% |
| Pre-tax earnings | $38.4M | $35.2M | $3.2M | +9% |
| Net earnings | $29.3M | $26.0M | $3.3M | +12% |
| Income tax | $9.1M | $9.1M | −$27K | -0.3% |
| Depreciation & amortization | $4.1M | $3.9M | $213K | +6% |
| Share-based compensation | $1.7M | $7.4M | −$5.8M | -78% |
| Working capital & other | $12.7M | −$9.6M | $22.3M | — |
| Operating cash flow | $47.8M | $27.8M | $20.0M | +72% |
| Free cash flow (company-reported) | $39.9M | $18.7M | $21.2M | +113% |
| Cash paid for fixed assets | $7.9M | $9.0M | −$1.2M | -13% |
Questions
How much did Blue Bird's revenue grow year over year in Q2 FY26?
Blue Bird's revenue fell $6.2M (-2%) from $359M in Q2 FY25 to $353M in Q2 FY26.
What drove Blue Bird's revenue change in Q2 FY26?
Alternative fuel buses −$49.6M (-25%); Diesel buses +$47.6M (+40%); Other −$5.5M (-34%).