Blue Bird Corporation (BLBD) Income Statement
BLBD FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsBLBD revenue and net income
Where BLBD's revenue goes
FY2025Each bar shows an amount and its share of revenue. BLBD kept 8.6% of revenue as net income.
BLBD profit margins
BLBD growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.9% | +22.7% | +11.0% | +4.9% |
| Gross profit | +18.5% | +102.5% | +25.8% | +9.7% |
| Operating income | +20.0% | — | +50.0% | +16.7% |
| Net income | +21.0% | — | +60.0% | +23.9% |
| EPS (diluted) | +26.1% | — | +39.9% | +21.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BLBD quarterly EPS vs estimates
Blue Bird beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 23, 2026 (estimate $1.42).
BLBD income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.48B | $1.35B | $1.13B | $800.6M | $684.0M | $879.2M | $1.02B | $1.02B | $990.6M | $932.0M |
| Cost of revenue | $1.18B | $1.09B | $993.9M | $764.1M | $611.9M | $783.0M | $885.4M | $903.0M | $863.2M | $802.7M |
| Gross profit | $303.5M | $256.2M | $138.8M | $36.5M | $72.1M | $96.2M | $133.5M | $122.0M | $127.4M | $129.4M |
| Research & development | $15.2M | — | $6.6M | $6.1M | $5.2M | $6.4M | $11.5M | $8.5M | $7.0M | $5.4M |
| Sales, general & admin | $136.3M | $116.8M | $87.2M | $77.2M | $65.6M | $74.2M | $78.1M | $78.4M | $72.8M | $97.3M |
| Total operating expenses | $136.3M | $116.8M | $87.2M | $77.2M | $65.6M | $74.2M | $89.6M | $86.9M | $67.8M | $102.7M |
| Operating income | $167.2M | $139.3M | $51.7M | −$40.7M | $6.5M | $22.0M | $43.8M | $35.1M | $59.5M | $26.6M |
| Interest income | $6.2M | $4.1M | $1.0M | $9,000 | $4,000 | $11,000 | $9,000 | $70,000 | $140,000 | $133,000 |
| Interest expense | $7.2M | $10.6M | $18.0M | $14.7M | $9.7M | $12.3M | $12.9M | $6.7M | $7.3M | $16.4M |
| Income before taxes | $171.6M | $138.8M | $32.8M | −$57.2M | −$1.5M | $13.7M | $31.9M | $28.2M | $40.7M | $12.7M |
| Income taxes | $43.9M | $33.2M | $9.0M | −$11.5M | −$1.2M | $1.5M | $7.6M | −$2.6M | $11.9M | $5.8M |
| Net income | $127.7M | $105.5M | $23.8M | −$45.8M | −$289,000 | $12.2M | $24.3M | $30.8M | $28.8M | $6.9M |
| EBITDA | $192.4M | $152.3M | $59.8M | −$24.3M | $21.1M | $37.1M | $52.9M | $42.6M | $52.8M | $34.3M |
| EPS (diluted) | $4.39 | $3.48 | $1.07 | −$1.13 | $0.25 | $0.82 | $1.63 | $1.66 | $0.94 | $0.99 |
| Gross margin | 20.5% | 19.0% | 12.3% | 4.6% | 10.5% | 10.9% | 13.1% | 11.9% | 12.9% | 13.9% |
| Operating margin | 11.3% | 10.3% | 4.6% | −5.1% | 1.0% | 2.5% | 4.3% | 3.4% | 6.0% | 2.9% |
| Net margin | 8.6% | 7.8% | 2.1% | −5.7% | −0.0% | 1.4% | 2.4% | 3.0% | 2.9% | 0.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $517.2M | $352.6M | $333.1M | $409.4M | $398.0M | $358.9M | $313.9M | $350.2M | $333.4M | $345.9M | $317.7M | $303.0M |
| Cost of revenue | $413.8M | $282.0M | $261.9M | $323.0M | $312.1M | $288.0M | $253.6M | $290.6M | $264.0M | $282.3M | $254.1M | $253.0M |
| Gross profit | $103.4M | $70.6M | $71.2M | $86.4M | $85.9M | $70.9M | $60.3M | $59.6M | $69.4M | $63.6M | $63.6M | $50.0M |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | $6.6M |
| Sales, general & admin | $40.7M | $31.5M | $33.6M | $36.1M | $35.9M | $37.1M | $27.3M | $34.0M | $29.6M | $27.6M | $25.6M | $20.8M |
| Total operating expenses | $40.7M | $31.5M | $33.6M | $36.1M | $35.9M | $37.1M | $27.3M | $34.0M | $29.6M | $27.6M | $25.6M | $20.8M |
| Operating income | $62.7M | $39.1M | $37.7M | $50.3M | $50.1M | $33.7M | $33.0M | $25.6M | $39.7M | $36.1M | $38.0M | $29.2M |
| Interest income | $627,000 | $1.9M | $2.0M | $1.9M | $1.5M | $1.3M | $1.6M | $1.0M | $990,000 | $1.1M | $1.1M | $746,000 |
| Interest expense | $2.0M | $1.5M | $1.6M | $1.7M | $1.7M | $1.8M | $1.9M | $2.0M | $2.1M | $2.8M | $3.6M | $4.1M |
| Income before taxes | $197.0M | $38.4M | $39.9M | $50.2M | $48.8M | $35.2M | $37.4M | $31.2M | $38.6M | $34.3M | $34.6M | $27.3M |
| Income taxes | $11.8M | $9.1M | $9.1M | $13.7M | $12.4M | $9.1M | $8.7M | $6.6M | $9.9M | $8.3M | $8.4M | $8.7M |
| Net income | $185.3M | $29.3M | $30.8M | $36.5M | $36.5M | $26.0M | $28.7M | $24.7M | $28.7M | $26.0M | $26.1M | $18.6M |
| EBITDA | −$64.3M | $44.0M | $43.4M | $56.8M | $54.9M | $39.3M | $41.4M | $32.0M | $41.6M | $38.8M | $39.9M | $32.5M |
| EPS (diluted) | $1.25 | $1.00 | $1.00 | $1.32 | $1.19 | $0.96 | $0.92 | $0.77 | $0.91 | $0.89 | $0.91 | $0.66 |
| Gross margin | 20.0% | 20.0% | 21.4% | 21.1% | 21.6% | 19.7% | 19.2% | 17.0% | 20.8% | 18.4% | 20.0% | 16.5% |
| Operating margin | 12.1% | 11.1% | 11.3% | 12.3% | 12.6% | 9.4% | 10.5% | 7.3% | 11.9% | 10.4% | 11.9% | 9.6% |
| Net margin | 35.8% | 8.3% | 9.2% | 8.9% | 9.2% | 7.3% | 9.2% | 7.0% | 8.6% | 7.5% | 8.2% | 6.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BLBD's financial statements (latest annual report filed November 24, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BLBD financial results
In fiscal year 2025 (ended September 30, 2025), Blue Bird reported revenue of $1.5 billion, up 9.9% from the year before. It had net income of $127.7 million (up 21.0%), a net profit margin of 8.6%. Diluted earnings per share came to $4.39. Over five years revenue grew at an average rate of 11.0% a year.
See the BLBD stock overview for the latest quote and news, or the BLBD chart for price history and technical indicators.
BLBD income statement FAQ
What is Blue Bird's annual revenue?
Blue Bird reported total revenue of $1.5 billion for fiscal year 2025, which ended on September 30, 2025. That was up 9.9% from $1.3 billion the previous year.
Is Blue Bird profitable?
Yes. Blue Bird reported net income of $127.7 million in fiscal 2025, a net profit margin of 8.6%; its operating margin was 11.3%.
What is Blue Bird's gross margin?
Blue Bird's gross margin was 20.5% in fiscal 2025: for every $100 of revenue, Blue Bird kept $21 after the direct cost of its products and services.
How much does Blue Bird spend on research and development?
Blue Bird spent $15.2 million on research and development in fiscal 2025, 1.0% of revenue.
How fast is Blue Bird growing?
Revenue grew 11.0% a year on average over the last five fiscal years, from $879.2 million to $1.5 billion.
What are Blue Bird's earnings per share?
Blue Bird earned $4.39 per diluted share in fiscal 2025, compared with $3.48 a year earlier.
When will Blue Bird report its next earnings?
Blue Bird is expected to report results for the quarter ending September 30, 2026 on November 23, 2026.
When does Blue Bird's fiscal year end?
Blue Bird's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 24, 2025.