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Side-by-side financial comparison of Blue Bird Corp (BLBD) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
Gaming & Leisure Properties, Inc. is the larger business by last-quarter revenue ($420.0M vs $333.1M, roughly 1.3× Blue Bird Corp). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 9.2%, a 47.8% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 6.1%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% 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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
BLBD vs GLPI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $333.1M | $420.0M |
| Net Profit | $30.8M | $239.4M |
| Gross Margin | 21.4% | — |
| Operating Margin | 11.3% | 79.4% |
| Net Margin | 9.2% | 57.0% |
| Revenue YoY | 6.1% | 6.3% |
| Net Profit YoY | 7.1% | 40.5% |
| EPS (diluted) | $0.94 | — |
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.
| Q1 26 | — | $420.0M | ||
| Q4 25 | $333.1M | $407.0M | ||
| Q3 25 | $409.4M | $397.6M | ||
| Q2 25 | $398.0M | $394.9M | ||
| Q1 25 | $358.9M | $395.2M | ||
| Q4 24 | $313.9M | $389.6M | ||
| Q3 24 | $350.2M | $385.3M | ||
| Q2 24 | $333.4M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $30.8M | $275.4M | ||
| Q3 25 | $36.5M | $241.2M | ||
| Q2 25 | $36.5M | $151.4M | ||
| Q1 25 | $26.0M | $165.2M | ||
| Q4 24 | $28.7M | $223.6M | ||
| Q3 24 | $24.7M | $184.7M | ||
| Q2 24 | $28.7M | $208.3M |
| 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% | — |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 11.3% | 89.3% | ||
| Q3 25 | 12.3% | 84.8% | ||
| Q2 25 | 12.6% | 61.3% | ||
| Q1 25 | 9.4% | 65.5% | ||
| Q4 24 | 10.5% | 79.1% | ||
| Q3 24 | 7.3% | 70.4% | ||
| Q2 24 | 11.9% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 9.2% | 67.6% | ||
| Q3 25 | 8.9% | 60.7% | ||
| Q2 25 | 9.2% | 38.4% | ||
| Q1 25 | 7.3% | 41.8% | ||
| Q4 24 | 9.2% | 57.4% | ||
| Q3 24 | 7.0% | 47.9% | ||
| Q2 24 | 8.6% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.94 | $0.96 | ||
| Q3 25 | $1.11 | $0.85 | ||
| Q2 25 | $1.12 | $0.54 | ||
| Q1 25 | $0.79 | $0.60 | ||
| Q4 24 | $0.86 | $0.79 | ||
| Q3 24 | $0.71 | $0.67 | ||
| Q2 24 | $0.85 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $271.4M | $5.0B |
| Total Assets | $642.3M | $13.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $241.7M | — | ||
| Q3 25 | $229.3M | — | ||
| Q2 25 | $173.1M | — | ||
| Q1 25 | $130.7M | — | ||
| Q4 24 | $136.1M | $560.8M | ||
| Q3 24 | $127.7M | $560.8M | ||
| Q2 24 | $88.4M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $271.4M | $4.6B | ||
| Q3 25 | $255.4M | $4.6B | ||
| Q2 25 | $221.8M | $4.6B | ||
| Q1 25 | $190.4M | $4.2B | ||
| Q4 24 | $179.7M | $4.3B | ||
| Q3 24 | $159.6M | $4.3B | ||
| Q2 24 | $137.3M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $642.3M | $12.9B | ||
| Q3 25 | $625.3M | $12.8B | ||
| Q2 25 | $575.5M | $12.5B | ||
| Q1 25 | $543.7M | $12.1B | ||
| Q4 24 | $535.2M | $13.1B | ||
| Q3 24 | $524.9M | $12.7B | ||
| Q2 24 | $468.1M | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $36.6M | $1.1B | ||
| Q3 25 | $65.1M | $240.3M | ||
| Q2 25 | $56.9M | $293.4M | ||
| Q1 25 | $27.8M | $252.5M | ||
| Q4 24 | $26.4M | $1.1B | ||
| Q3 24 | $55.4M | $270.4M | ||
| Q2 24 | $989.0K | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $31.1M | — | ||
| Q3 25 | $60.5M | $183.0M | ||
| Q2 25 | $52.3M | $272.3M | ||
| Q1 25 | $18.7M | $239.6M | ||
| Q4 24 | $21.8M | $1.1B | ||
| Q3 24 | $50.2M | $261.5M | ||
| Q2 24 | $-3.5M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | — | ||
| Q3 25 | 14.8% | 46.0% | ||
| Q2 25 | 13.1% | 69.0% | ||
| Q1 25 | 5.2% | 60.6% | ||
| Q4 24 | 7.0% | 275.3% | ||
| Q3 24 | 14.3% | 67.9% | ||
| Q2 24 | -1.1% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.1% | 14.4% | ||
| Q2 25 | 1.2% | 5.3% | ||
| Q1 25 | 2.5% | 3.3% | ||
| Q4 24 | 1.5% | 0.0% | ||
| Q3 24 | 1.5% | 2.3% | ||
| Q2 24 | 1.3% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 4.10× | ||
| Q3 25 | 1.78× | 1.00× | ||
| Q2 25 | 1.56× | 1.94× | ||
| Q1 25 | 1.07× | 1.53× | ||
| Q4 24 | 0.92× | 4.80× | ||
| Q3 24 | 2.24× | 1.46× | ||
| Q2 24 | 0.03× | 1.21× |
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% |
GLPI
Segment breakdown not available.
