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Side-by-side financial comparison of Blue Bird Corp (BLBD) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
Blue Bird Corp is the larger business by last-quarter revenue ($333.1M vs $242.9M, roughly 1.4× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 35.0% vs 9.2%, a 25.8% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (12.2% vs 6.1%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (8.5% 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.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
BLBD vs HCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $333.1M | $242.9M |
| Net Profit | $30.8M | $85.0M |
| Gross Margin | 21.4% | — |
| Operating Margin | 11.3% | — |
| Net Margin | 9.2% | 35.0% |
| Revenue YoY | 6.1% | 12.2% |
| Net Profit YoY | 7.1% | 14.6% |
| EPS (diluted) | $0.94 | $5.45 |
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 | — | $242.9M | ||
| Q4 25 | $333.1M | $246.2M | ||
| Q3 25 | $409.4M | $216.3M | ||
| Q2 25 | $398.0M | $221.9M | ||
| Q1 25 | $358.9M | $216.4M | ||
| Q4 24 | $313.9M | $161.9M | ||
| Q3 24 | $350.2M | $175.3M | ||
| Q2 24 | $333.4M | $206.2M |
| Q1 26 | — | $85.0M | ||
| Q4 25 | $30.8M | $97.7M | ||
| Q3 25 | $36.5M | $65.5M | ||
| Q2 25 | $36.5M | $66.2M | ||
| Q1 25 | $26.0M | $69.7M | ||
| Q4 24 | $28.7M | $2.6M | ||
| Q3 24 | $24.7M | $5.7M | ||
| Q2 24 | $28.7M | $54.1M |
| 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 | — | — | ||
| Q4 25 | 11.3% | 58.5% | ||
| Q3 25 | 12.3% | 41.9% | ||
| Q2 25 | 12.6% | 42.5% | ||
| Q1 25 | 9.4% | 46.4% | ||
| Q4 24 | 10.5% | 3.6% | ||
| Q3 24 | 7.3% | 8.0% | ||
| Q2 24 | 11.9% | 36.9% |
| Q1 26 | — | 35.0% | ||
| Q4 25 | 9.2% | 39.7% | ||
| Q3 25 | 8.9% | 30.3% | ||
| Q2 25 | 9.2% | 29.8% | ||
| Q1 25 | 7.3% | 32.2% | ||
| Q4 24 | 9.2% | 1.6% | ||
| Q3 24 | 7.0% | 3.2% | ||
| Q2 24 | 8.6% | 26.2% |
| Q1 26 | — | $5.45 | ||
| Q4 25 | $0.94 | $7.29 | ||
| Q3 25 | $1.11 | $4.90 | ||
| Q2 25 | $1.12 | $5.18 | ||
| Q1 25 | $0.79 | $5.35 | ||
| Q4 24 | $0.86 | $0.32 | ||
| Q3 24 | $0.71 | $0.52 | ||
| Q2 24 | $0.85 | $4.24 |
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 | $1.0B |
| Total DebtLower is stronger | — | $31.7M |
| Stockholders' EquityBook value | $271.4M | $1.1B |
| Total Assets | $642.3M | $2.6B |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $241.7M | $1.2B | ||
| Q3 25 | $229.3M | $987.9M | ||
| Q2 25 | $173.1M | $947.2M | ||
| Q1 25 | $130.7M | $754.5M | ||
| Q4 24 | $136.1M | $532.5M | ||
| Q3 24 | $127.7M | $518.8M | ||
| Q2 24 | $88.4M | $445.8M |
| Q1 26 | — | $31.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $271.4M | $1.0B | ||
| Q3 25 | $255.4M | $821.8M | ||
| Q2 25 | $221.8M | $758.6M | ||
| Q1 25 | $190.4M | $522.7M | ||
| Q4 24 | $179.7M | $453.3M | ||
| Q3 24 | $159.6M | $455.3M | ||
| Q2 24 | $137.3M | $447.3M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $642.3M | $2.5B | ||
| Q3 25 | $625.3M | $2.3B | ||
| Q2 25 | $575.5M | $2.4B | ||
| Q1 25 | $543.7M | $2.3B | ||
| Q4 24 | $535.2M | $2.2B | ||
| Q3 24 | $524.9M | $2.0B | ||
| Q2 24 | $468.1M | $1.9B |
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $444.4M | ||
| Q3 25 | $65.1M | $26.7M | ||
| Q2 25 | $56.9M | $145.0M | ||
| Q1 25 | $27.8M | $162.0M | ||
| Q4 24 | $26.4M | $331.8M | ||
| Q3 24 | $55.4M | $104.1M | ||
| Q2 24 | $989.0K | $-29.0M |
| Q1 26 | — | — | ||
| Q4 25 | $31.1M | $440.8M | ||
| Q3 25 | $60.5M | $25.9M | ||
| Q2 25 | $52.3M | $144.5M | ||
| Q1 25 | $18.7M | $160.3M | ||
| Q4 24 | $21.8M | $327.8M | ||
| Q3 24 | $50.2M | $103.2M | ||
| Q2 24 | $-3.5M | $-30.1M |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 179.0% | ||
| Q3 25 | 14.8% | 12.0% | ||
| Q2 25 | 13.1% | 65.1% | ||
| Q1 25 | 5.2% | 74.1% | ||
| Q4 24 | 7.0% | 202.5% | ||
| Q3 24 | 14.3% | 58.9% | ||
| Q2 24 | -1.1% | -14.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 1.5% | ||
| Q3 25 | 1.1% | 0.4% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 2.5% | 0.8% | ||
| Q4 24 | 1.5% | 2.5% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 1.3% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 4.55× | ||
| Q3 25 | 1.78× | 0.41× | ||
| Q2 25 | 1.56× | 2.19× | ||
| Q1 25 | 1.07× | 2.32× | ||
| Q4 24 | 0.92× | 128.41× | ||
| Q3 24 | 2.24× | 18.33× | ||
| Q2 24 | 0.03× | -0.54× |
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% |
HCI
Segment breakdown not available.
