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Side-by-side financial comparison of Blue Bird Corp (BLBD) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.
Blue Bird Corp is the larger business by last-quarter revenue ($333.1M vs $233.0M, roughly 1.4× CSW INDUSTRIALS, INC.). Blue Bird Corp runs the higher net margin — 9.2% vs 4.4%, a 4.8% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 6.1%). Blue Bird Corp produced more free cash flow last quarter ($31.1M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -1.9%).
The Blue Bird Corporation is an American bus manufacturer. Headquartered in Fort Valley, Georgia, the company was best known for its production of school buses. The company has also manufactured a wide variety of other bus types, including transit buses, motorhomes, and specialty vehicles such as mobile libraries and mobile police command centers.
BLBD vs CSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $333.1M | $233.0M |
| Net Profit | $30.8M | $10.3M |
| Gross Margin | 21.4% | 39.7% |
| Operating Margin | 11.3% | 7.4% |
| Net Margin | 9.2% | 4.4% |
| Revenue YoY | 6.1% | 20.3% |
| Net Profit YoY | 7.1% | -61.9% |
| EPS (diluted) | $0.94 | $0.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $333.1M | $233.0M | ||
| Q3 25 | $409.4M | $277.0M | ||
| Q2 25 | $398.0M | $263.6M | ||
| Q1 25 | $358.9M | $230.5M | ||
| Q4 24 | $313.9M | $193.6M | ||
| Q3 24 | $350.2M | $227.9M | ||
| Q2 24 | $333.4M | $226.2M | ||
| Q1 24 | $345.9M | $210.9M |
| Q4 25 | $30.8M | $10.3M | ||
| Q3 25 | $36.5M | $40.7M | ||
| Q2 25 | $36.5M | $40.9M | ||
| Q1 25 | $26.0M | $35.1M | ||
| Q4 24 | $28.7M | $26.9M | ||
| Q3 24 | $24.7M | $36.1M | ||
| Q2 24 | $28.7M | $38.6M | ||
| Q1 24 | $26.0M | $31.8M |
| Q4 25 | 21.4% | 39.7% | ||
| Q3 25 | 21.1% | 43.0% | ||
| Q2 25 | 21.6% | 43.8% | ||
| Q1 25 | 19.7% | 44.2% | ||
| Q4 24 | 19.2% | 41.4% | ||
| Q3 24 | 17.0% | 45.6% | ||
| Q2 24 | 20.8% | 47.5% | ||
| Q1 24 | 18.4% | 44.4% |
| Q4 25 | 11.3% | 7.4% | ||
| Q3 25 | 12.3% | 20.5% | ||
| Q2 25 | 12.6% | 20.8% | ||
| Q1 25 | 9.4% | 19.5% | ||
| Q4 24 | 10.5% | 15.3% | ||
| Q3 24 | 7.3% | 22.6% | ||
| Q2 24 | 11.9% | 24.3% | ||
| Q1 24 | 10.4% | 21.0% |
| Q4 25 | 9.2% | 4.4% | ||
| Q3 25 | 8.9% | 14.7% | ||
| Q2 25 | 9.2% | 15.5% | ||
| Q1 25 | 7.3% | 15.2% | ||
| Q4 24 | 9.2% | 13.9% | ||
| Q3 24 | 7.0% | 15.8% | ||
| Q2 24 | 8.6% | 17.1% | ||
| Q1 24 | 7.5% | 15.1% |
| Q4 25 | $0.94 | $0.62 | ||
| Q3 25 | $1.11 | $2.41 | ||
| Q2 25 | $1.12 | $2.43 | ||
| Q1 25 | $0.79 | $2.05 | ||
| Q4 24 | $0.86 | $1.60 | ||
| Q3 24 | $0.71 | $2.26 | ||
| Q2 24 | $0.85 | $2.47 | ||
| Q1 24 | $0.79 | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $241.7M | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $271.4M | $1.1B |
| Total Assets | $642.3M | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.7M | $40.2M | ||
| Q3 25 | $229.3M | $31.5M | ||
| Q2 25 | $173.1M | $38.0M | ||
| Q1 25 | $130.7M | $225.8M | ||
| Q4 24 | $136.1M | $213.8M | ||
| Q3 24 | $127.7M | $273.2M | ||
| Q2 24 | $88.4M | $18.9M | ||
| Q1 24 | $93.1M | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
| Q4 25 | $271.4M | $1.1B | ||
| Q3 25 | $255.4M | $1.1B | ||
| Q2 25 | $221.8M | $1.1B | ||
| Q1 25 | $190.4M | $1.1B | ||
| Q4 24 | $179.7M | $1.0B | ||
| Q3 24 | $159.6M | $1.0B | ||
| Q2 24 | $137.3M | $650.2M | ||
| Q1 24 | $105.8M | $615.7M |
| Q4 25 | $642.3M | $2.3B | ||
| Q3 25 | $625.3M | $1.5B | ||
| Q2 25 | $575.5M | $1.5B | ||
| Q1 25 | $543.7M | $1.4B | ||
| Q4 24 | $535.2M | $1.4B | ||
| Q3 24 | $524.9M | $1.4B | ||
| Q2 24 | $468.1M | $1.1B | ||
| Q1 24 | $456.5M | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $36.6M | $28.9M |
| Free Cash FlowOCF − Capex | $31.1M | $22.7M |
| FCF MarginFCF / Revenue | 9.3% | 9.8% |
| Capex IntensityCapex / Revenue | 1.6% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.19× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $162.6M | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.6M | $28.9M | ||
| Q3 25 | $65.1M | $61.8M | ||
| Q2 25 | $56.9M | $60.6M | ||
| Q1 25 | $27.8M | $27.3M | ||
| Q4 24 | $26.4M | $11.6M | ||
| Q3 24 | $55.4M | $66.8M | ||
| Q2 24 | $989.0K | $62.7M | ||
| Q1 24 | $54.6M | $22.4M |
| Q4 25 | $31.1M | $22.7M | ||
| Q3 25 | $60.5M | $58.7M | ||
| Q2 25 | $52.3M | $57.7M | ||
| Q1 25 | $18.7M | $22.8M | ||
| Q4 24 | $21.8M | $8.5M | ||
| Q3 24 | $50.2M | $61.3M | ||
| Q2 24 | $-3.5M | $59.6M | ||
| Q1 24 | $51.8M | $17.5M |
| Q4 25 | 9.3% | 9.8% | ||
| Q3 25 | 14.8% | 21.2% | ||
| Q2 25 | 13.1% | 21.9% | ||
| Q1 25 | 5.2% | 9.9% | ||
| Q4 24 | 7.0% | 4.4% | ||
| Q3 24 | 14.3% | 26.9% | ||
| Q2 24 | -1.1% | 26.3% | ||
| Q1 24 | 15.0% | 8.3% |
| Q4 25 | 1.6% | 2.6% | ||
| Q3 25 | 1.1% | 1.1% | ||
| Q2 25 | 1.2% | 1.1% | ||
| Q1 25 | 2.5% | 2.0% | ||
| Q4 24 | 1.5% | 1.6% | ||
| Q3 24 | 1.5% | 2.4% | ||
| Q2 24 | 1.3% | 1.4% | ||
| Q1 24 | 0.8% | 2.3% |
| Q4 25 | 1.19× | 2.81× | ||
| Q3 25 | 1.78× | 1.52× | ||
| Q2 25 | 1.56× | 1.48× | ||
| Q1 25 | 1.07× | 0.78× | ||
| Q4 24 | 0.92× | 0.43× | ||
| Q3 24 | 2.24× | 1.85× | ||
| Q2 24 | 0.03× | 1.62× | ||
| Q1 24 | 2.10× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLBD
| Alternative Fuel Buses | $151.4M | 45% |
| Diesel Buses | $144.9M | 43% |
| Parts | $24.8M | 7% |
| Other | $12.1M | 4% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
