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Side-by-side financial comparison of Blue Bird Corp (BLBD) and FIRST INDUSTRIAL REALTY TRUST INC (FR). Click either name above to swap in a different company.

Blue Bird Corp is the larger business by last-quarter revenue ($333.1M vs $194.8M, roughly 1.7× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 9.2%, a 66.7% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs 6.1%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% 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.

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

BLBD vs FR — Head-to-Head

Bigger by revenue
BLBD
BLBD
1.7× larger
BLBD
$333.1M
$194.8M
FR
Growing faster (revenue YoY)
FR
FR
+3.9% gap
FR
10.0%
6.1%
BLBD
Higher net margin
FR
FR
66.7% more per $
FR
75.9%
9.2%
BLBD
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
-1.9%
BLBD

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BLBD
BLBD
FR
FR
Revenue
$333.1M
$194.8M
Net Profit
$30.8M
$147.9M
Gross Margin
21.4%
Operating Margin
11.3%
Net Margin
9.2%
75.9%
Revenue YoY
6.1%
10.0%
Net Profit YoY
7.1%
179.7%
EPS (diluted)
$0.94
$1.08

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.

Revenue
BLBD
BLBD
FR
FR
Q1 26
$194.8M
Q4 25
$333.1M
$188.4M
Q3 25
$409.4M
$181.4M
Q2 25
$398.0M
$180.2M
Q1 25
$358.9M
$177.1M
Q4 24
$313.9M
$175.6M
Q3 24
$350.2M
$167.6M
Q2 24
$333.4M
$164.1M
Net Profit
BLBD
BLBD
FR
FR
Q1 26
$147.9M
Q4 25
$30.8M
$78.8M
Q3 25
$36.5M
$65.3M
Q2 25
$36.5M
$55.2M
Q1 25
$26.0M
$48.1M
Q4 24
$28.7M
$68.4M
Q3 24
$24.7M
$99.4M
Q2 24
$28.7M
$51.3M
Gross Margin
BLBD
BLBD
FR
FR
Q1 26
Q4 25
21.4%
Q3 25
21.1%
Q2 25
21.6%
Q1 25
19.7%
Q4 24
19.2%
Q3 24
17.0%
Q2 24
20.8%
Operating Margin
BLBD
BLBD
FR
FR
Q1 26
Q4 25
11.3%
34.6%
Q3 25
12.3%
37.0%
Q2 25
12.6%
31.7%
Q1 25
9.4%
31.2%
Q4 24
10.5%
40.1%
Q3 24
7.3%
62.6%
Q2 24
11.9%
31.8%
Net Margin
BLBD
BLBD
FR
FR
Q1 26
75.9%
Q4 25
9.2%
41.8%
Q3 25
8.9%
36.0%
Q2 25
9.2%
30.6%
Q1 25
7.3%
27.2%
Q4 24
9.2%
39.0%
Q3 24
7.0%
59.3%
Q2 24
8.6%
31.3%
EPS (diluted)
BLBD
BLBD
FR
FR
Q1 26
$1.08
Q4 25
$0.94
$0.60
Q3 25
$1.11
$0.49
Q2 25
$1.12
$0.42
Q1 25
$0.79
$0.36
Q4 24
$0.86
$0.51
Q3 24
$0.71
$0.75
Q2 24
$0.85
$0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLBD
BLBD
FR
FR
Cash + ST InvestmentsLiquidity on hand
$241.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$271.4M
$2.9B
Total Assets
$642.3M
$5.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLBD
BLBD
FR
FR
Q1 26
Q4 25
$241.7M
$78.0M
Q3 25
$229.3M
$33.5M
Q2 25
$173.1M
$34.9M
Q1 25
$130.7M
$35.7M
Q4 24
$136.1M
$44.5M
Q3 24
$127.7M
$47.1M
Q2 24
$88.4M
$38.5M
Stockholders' Equity
BLBD
BLBD
FR
FR
Q1 26
$2.9B
Q4 25
$271.4M
$2.7B
Q3 25
$255.4M
$2.7B
Q2 25
$221.8M
$2.6B
Q1 25
$190.4M
$2.7B
Q4 24
$179.7M
$2.7B
Q3 24
$159.6M
$2.6B
Q2 24
$137.3M
$2.6B
Total Assets
BLBD
BLBD
FR
FR
Q1 26
$5.8B
Q4 25
$642.3M
$5.7B
Q3 25
$625.3M
$5.5B
Q2 25
$575.5M
$5.5B
Q1 25
$543.7M
$5.4B
Q4 24
$535.2M
$5.3B
Q3 24
$524.9M
$5.2B
Q2 24
$468.1M
$5.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BLBD
BLBD
FR
FR
Operating Cash FlowLast quarter
$36.6M
Free Cash FlowOCF − Capex
$31.1M
FCF MarginFCF / Revenue
9.3%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$162.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLBD
BLBD
FR
FR
Q1 26
Q4 25
$36.6M
$461.3M
Q3 25
$65.1M
$124.6M
Q2 25
$56.9M
$126.1M
Q1 25
$27.8M
$88.6M
Q4 24
$26.4M
$352.5M
Q3 24
$55.4M
$105.5M
Q2 24
$989.0K
$107.7M
Free Cash Flow
BLBD
BLBD
FR
FR
Q1 26
Q4 25
$31.1M
Q3 25
$60.5M
Q2 25
$52.3M
Q1 25
$18.7M
Q4 24
$21.8M
Q3 24
$50.2M
Q2 24
$-3.5M
FCF Margin
BLBD
BLBD
FR
FR
Q1 26
Q4 25
9.3%
Q3 25
14.8%
Q2 25
13.1%
Q1 25
5.2%
Q4 24
7.0%
Q3 24
14.3%
Q2 24
-1.1%
Capex Intensity
BLBD
BLBD
FR
FR
Q1 26
Q4 25
1.6%
Q3 25
1.1%
Q2 25
1.2%
Q1 25
2.5%
Q4 24
1.5%
Q3 24
1.5%
Q2 24
1.3%
Cash Conversion
BLBD
BLBD
FR
FR
Q1 26
Q4 25
1.19×
5.85×
Q3 25
1.78×
1.91×
Q2 25
1.56×
2.28×
Q1 25
1.07×
1.84×
Q4 24
0.92×
5.15×
Q3 24
2.24×
1.06×
Q2 24
0.03×
2.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BLBD
BLBD

Alternative Fuel Buses$151.4M45%
Diesel Buses$144.9M43%
Parts$24.8M7%
Other$12.1M4%

FR
FR

Segment breakdown not available.

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