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Side-by-side financial comparison of Blue Bird Corp (BLBD) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Blue Bird Corp is the larger business by last-quarter revenue ($333.1M vs $273.0M, roughly 1.2× Forestar Group Inc.). Blue Bird Corp runs the higher net margin — 9.2% vs 5.6%, a 3.6% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 6.1%). Blue Bird Corp produced more free cash flow last quarter ($31.1M vs $-157.1M). Over the past eight quarters, Blue Bird Corp's revenue compounded faster (-1.9% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
BLBD vs FOR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $333.1M | $273.0M |
| Net Profit | $30.8M | $15.4M |
| Gross Margin | 21.4% | 20.1% |
| Operating Margin | 11.3% | 7.6% |
| Net Margin | 9.2% | 5.6% |
| Revenue YoY | 6.1% | 9.0% |
| Net Profit YoY | 7.1% | -6.7% |
| EPS (diluted) | $0.94 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $409.4M | $670.5M | ||
| Q2 25 | $398.0M | $390.5M | ||
| Q1 25 | $358.9M | $351.0M | ||
| Q4 24 | $313.9M | $250.4M | ||
| Q3 24 | $350.2M | $551.3M | ||
| Q2 24 | $333.4M | $318.4M | ||
| Q1 24 | $345.9M | $333.8M |
| Q4 25 | $30.8M | $15.4M | ||
| Q3 25 | $36.5M | $86.9M | ||
| Q2 25 | $36.5M | $32.9M | ||
| Q1 25 | $26.0M | $31.6M | ||
| Q4 24 | $28.7M | $16.5M | ||
| Q3 24 | $24.7M | $81.5M | ||
| Q2 24 | $28.7M | $38.7M | ||
| Q1 24 | $26.0M | $45.0M |
| Q4 25 | 21.4% | 20.1% | ||
| Q3 25 | 21.1% | 22.3% | ||
| Q2 25 | 21.6% | 20.4% | ||
| Q1 25 | 19.7% | 22.6% | ||
| Q4 24 | 19.2% | 22.0% | ||
| Q3 24 | 17.0% | 23.9% | ||
| Q2 24 | 20.8% | 22.5% | ||
| Q1 24 | 18.4% | 24.9% |
| Q4 25 | 11.3% | 7.6% | ||
| Q3 25 | 12.3% | 16.9% | ||
| Q2 25 | 12.6% | 11.2% | ||
| Q1 25 | 9.4% | 11.6% | ||
| Q4 24 | 10.5% | 8.7% | ||
| Q3 24 | 7.3% | 19.7% | ||
| Q2 24 | 11.9% | 16.2% | ||
| Q1 24 | 10.4% | 17.6% |
| Q4 25 | 9.2% | 5.6% | ||
| Q3 25 | 8.9% | 13.0% | ||
| Q2 25 | 9.2% | 8.4% | ||
| Q1 25 | 7.3% | 9.0% | ||
| Q4 24 | 9.2% | 6.6% | ||
| Q3 24 | 7.0% | 14.8% | ||
| Q2 24 | 8.6% | 12.2% | ||
| Q1 24 | 7.5% | 13.5% |
| Q4 25 | $0.94 | $0.30 | ||
| Q3 25 | $1.11 | $1.70 | ||
| Q2 25 | $1.12 | $0.65 | ||
| Q1 25 | $0.79 | $0.62 | ||
| Q4 24 | $0.86 | $0.32 | ||
| Q3 24 | $0.71 | $1.59 | ||
| Q2 24 | $0.85 | $0.76 | ||
| Q1 24 | $0.79 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $271.4M | $1.8B |
| Total Assets | $642.3M | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.7M | $211.7M | ||
| Q3 25 | $229.3M | $379.2M | ||
| Q2 25 | $173.1M | $189.2M | ||
| Q1 25 | $130.7M | $174.3M | ||
| Q4 24 | $136.1M | $132.0M | ||
| Q3 24 | $127.7M | $481.2M | ||
| Q2 24 | $88.4M | $359.2M | ||
| Q1 24 | $93.1M | $416.2M |
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
| Q4 25 | $271.4M | $1.8B | ||
| Q3 25 | $255.4M | $1.8B | ||
| Q2 25 | $221.8M | $1.7B | ||
| Q1 25 | $190.4M | $1.6B | ||
| Q4 24 | $179.7M | $1.6B | ||
| Q3 24 | $159.6M | $1.6B | ||
| Q2 24 | $137.3M | $1.5B | ||
| Q1 24 | $105.8M | $1.5B |
| Q4 25 | $642.3M | $3.2B | ||
| Q3 25 | $625.3M | $3.1B | ||
| Q2 25 | $575.5M | $3.1B | ||
| Q1 25 | $543.7M | $3.0B | ||
| Q4 24 | $535.2M | $3.0B | ||
| Q3 24 | $524.9M | $2.8B | ||
| Q2 24 | $468.1M | $2.7B | ||
| Q1 24 | $456.5M | $2.6B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $31.1M | $-157.1M |
| FCF MarginFCF / Revenue | 9.3% | -57.5% |
| Capex IntensityCapex / Revenue | 1.6% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.19× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $162.6M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.6M | $-157.0M | ||
| Q3 25 | $65.1M | $256.3M | ||
| Q2 25 | $56.9M | $15.8M | ||
| Q1 25 | $27.8M | $-19.8M | ||
| Q4 24 | $26.4M | $-450.0M | ||
| Q3 24 | $55.4M | $119.2M | ||
| Q2 24 | $989.0K | $-61.7M | ||
| Q1 24 | $54.6M | $-59.2M |
| Q4 25 | $31.1M | $-157.1M | ||
| Q3 25 | $60.5M | $255.6M | ||
| Q2 25 | $52.3M | $15.0M | ||
| Q1 25 | $18.7M | $-20.5M | ||
| Q4 24 | $21.8M | — | ||
| Q3 24 | $50.2M | $118.4M | ||
| Q2 24 | $-3.5M | $-62.3M | ||
| Q1 24 | $51.8M | $-59.8M |
| Q4 25 | 9.3% | -57.5% | ||
| Q3 25 | 14.8% | 38.1% | ||
| Q2 25 | 13.1% | 3.8% | ||
| Q1 25 | 5.2% | -5.8% | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 14.3% | 21.5% | ||
| Q2 24 | -1.1% | -19.6% | ||
| Q1 24 | 15.0% | -17.9% |
| Q4 25 | 1.6% | 0.0% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 2.5% | 0.2% | ||
| Q4 24 | 1.5% | 0.0% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 1.3% | 0.2% | ||
| Q1 24 | 0.8% | 0.2% |
| Q4 25 | 1.19× | -10.19× | ||
| Q3 25 | 1.78× | 2.95× | ||
| Q2 25 | 1.56× | 0.48× | ||
| Q1 25 | 1.07× | -0.63× | ||
| Q4 24 | 0.92× | -27.27× | ||
| Q3 24 | 2.24× | 1.46× | ||
| Q2 24 | 0.03× | -1.59× | ||
| Q1 24 | 2.10× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
