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Blue Bird vs Miller Industries: BLBD and MLR compared
Blue Bird is the larger company: $517M of revenue in its latest quarter (Q3 FY26) against $212M for Miller Industries (Q3 2026). Blue Bird is growing faster (+30% against +19% a year earlier). Blue Bird is more profitable, with an operating margin of 12.1% against 3.5%.
Where the money goes: BLBD and MLR
Blue Bird (BLBD) · Q3 FY26
Blue Bird, Q3 FY26: revenue $517M (+30% year over year), operating margin 12.1%, net earnings $185M, operating cash flow $31.0M. The chart follows the revenue to costs, profit and cash.
Miller Industries (MLR) · Q3 2026
Miller Industries, Q3 2026: revenue $212M (+19% year over year), operating margin 3.5%, net earnings $6.1M, operating cash flow $23.7M. The chart follows the revenue to costs, profit and cash.
| Blue Bird (BLBD) | Miller Industries (MLR) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $517M | $212M |
| Revenue growth, Y/Y | +30% | +19% |
| Gross margin | 20.0% | 14.0% |
| Operating margin | 12.1% | 3.5% |
| Net earnings | $185M | $6.1M |
| Net margin | 35.8% | 2.9% |
| Operating cash flow | $31.0M | $23.7M |
| Free cash flow | $21.7M | $13.7M |
| Market value | $2.0B | $603M |
| P/E | 7.3× | 35.0× |
| Analysts’ mean target | $90.14 | $58.00 |
Where the revenue comes from
Blue Bird
- Alternative fuel buses: $340M (66%)
- Diesel buses: $140M (27%)
- Parts: $24.7M (5%)
- Other: $13.2M (3%)
Questions
Which is bigger, Blue Bird or Miller Industries?
Blue Bird is the larger company: $517M of revenue in its latest quarter (Q3 FY26) against $212M for Miller Industries (Q3 2026).
Is Blue Bird or Miller Industries growing faster?
Blue Bird is growing faster (+30% against +19% a year earlier).
Which is more profitable, Blue Bird or Miller Industries?
Blue Bird is more profitable, with an operating margin of 12.1% against 3.5%.
More: Blue Bird earnings · how Blue Bird makes money · Miller Industries earnings · how Miller Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.