vs
Side-by-side financial comparison of Blue Bird Corp (BLBD) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Natural Grocers by Vitamin Cottage, Inc. is the larger business by last-quarter revenue ($335.6M vs $333.1M, roughly 1.0× Blue Bird Corp). Blue Bird Corp runs the higher net margin — 9.2% vs 3.4%, a 5.9% gap on every dollar of revenue. On growth, Blue Bird Corp posted the faster year-over-year revenue change (6.1% vs 1.6%). Blue Bird Corp produced more free cash flow last quarter ($31.1M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% 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.
Natural Grocers by Vitamin Cottage, Inc. is a U.S.-based specialty retail chain that offers certified organic groceries, dietary supplements, natural personal care items, and eco-friendly household products. It serves health-conscious consumers across multiple U.S. states, following strict quality standards that exclude artificial preservatives, colors, flavors and harmful additives.
BLBD vs NGVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $333.1M | $335.6M |
| Net Profit | $30.8M | $11.3M |
| Gross Margin | 21.4% | 29.5% |
| Operating Margin | 11.3% | 4.4% |
| Net Margin | 9.2% | 3.4% |
| Revenue YoY | 6.1% | 1.6% |
| Net Profit YoY | 7.1% | 14.0% |
| EPS (diluted) | $0.94 | $0.49 |
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 | $335.6M | ||
| Q3 25 | $409.4M | $336.1M | ||
| Q2 25 | $398.0M | $328.7M | ||
| Q1 25 | $358.9M | $335.8M | ||
| Q4 24 | $313.9M | $330.2M | ||
| Q3 24 | $350.2M | $322.7M | ||
| Q2 24 | $333.4M | $309.1M | ||
| Q1 24 | $345.9M | $308.1M |
| Q4 25 | $30.8M | $11.3M | ||
| Q3 25 | $36.5M | $11.8M | ||
| Q2 25 | $36.5M | $11.6M | ||
| Q1 25 | $26.0M | $13.1M | ||
| Q4 24 | $28.7M | $9.9M | ||
| Q3 24 | $24.7M | $9.0M | ||
| Q2 24 | $28.7M | $9.2M | ||
| Q1 24 | $26.0M | $8.0M |
| Q4 25 | 21.4% | 29.5% | ||
| Q3 25 | 21.1% | 29.5% | ||
| Q2 25 | 21.6% | 29.9% | ||
| Q1 25 | 19.7% | 30.3% | ||
| Q4 24 | 19.2% | 29.9% | ||
| Q3 24 | 17.0% | 29.6% | ||
| Q2 24 | 20.8% | 29.2% | ||
| Q1 24 | 18.4% | 29.3% |
| Q4 25 | 11.3% | 4.4% | ||
| Q3 25 | 12.3% | 4.6% | ||
| Q2 25 | 12.6% | 4.7% | ||
| Q1 25 | 9.4% | 5.2% | ||
| Q4 24 | 10.5% | 4.0% | ||
| Q3 24 | 7.3% | 3.7% | ||
| Q2 24 | 11.9% | 4.2% | ||
| Q1 24 | 10.4% | 3.7% |
| Q4 25 | 9.2% | 3.4% | ||
| Q3 25 | 8.9% | 3.5% | ||
| Q2 25 | 9.2% | 3.5% | ||
| Q1 25 | 7.3% | 3.9% | ||
| Q4 24 | 9.2% | 3.0% | ||
| Q3 24 | 7.0% | 2.8% | ||
| Q2 24 | 8.6% | 3.0% | ||
| Q1 24 | 7.5% | 2.6% |
| Q4 25 | $0.94 | $0.49 | ||
| Q3 25 | $1.11 | $0.51 | ||
| Q2 25 | $1.12 | $0.50 | ||
| Q1 25 | $0.79 | $0.56 | ||
| Q4 24 | $0.86 | $0.43 | ||
| Q3 24 | $0.71 | $0.38 | ||
| Q2 24 | $0.85 | $0.40 | ||
| Q1 24 | $0.79 | $0.35 |
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 | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $271.4M | $220.0M |
| Total Assets | $642.3M | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.7M | $23.2M | ||
| Q3 25 | $229.3M | $17.1M | ||
| Q2 25 | $173.1M | $13.2M | ||
| Q1 25 | $130.7M | $21.2M | ||
| Q4 24 | $136.1M | $6.3M | ||
| Q3 24 | $127.7M | $8.9M | ||
| Q2 24 | $88.4M | $13.9M | ||
| Q1 24 | $93.1M | $11.0M |
| Q4 25 | $271.4M | $220.0M | ||
| Q3 25 | $255.4M | $212.4M | ||
| Q2 25 | $221.8M | $202.5M | ||
| Q1 25 | $190.4M | $193.0M | ||
| Q4 24 | $179.7M | $181.9M | ||
| Q3 24 | $159.6M | $174.3M | ||
| Q2 24 | $137.3M | $167.8M | ||
| Q1 24 | $105.8M | $160.0M |
| Q4 25 | $642.3M | $668.6M | ||
| Q3 25 | $625.3M | $670.5M | ||
| Q2 25 | $575.5M | $659.0M | ||
| Q1 25 | $543.7M | $664.6M | ||
| Q4 24 | $535.2M | $648.9M | ||
| Q3 24 | $524.9M | $655.5M | ||
| Q2 24 | $468.1M | $654.4M | ||
| Q1 24 | $456.5M | $656.6M |
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 | $21.1M |
| Free Cash FlowOCF − Capex | $31.1M | $11.6M |
| FCF MarginFCF / Revenue | 9.3% | 3.4% |
| Capex IntensityCapex / Revenue | 1.6% | 2.9% |
| Cash ConversionOCF / Net Profit | 1.19× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $162.6M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.6M | $21.1M | ||
| Q3 25 | $65.1M | $15.6M | ||
| Q2 25 | $56.9M | $2.9M | ||
| Q1 25 | $27.8M | $34.1M | ||
| Q4 24 | $26.4M | $2.7M | ||
| Q3 24 | $55.4M | $24.5M | ||
| Q2 24 | $989.0K | $12.4M | ||
| Q1 24 | $54.6M | $20.2M |
| Q4 25 | $31.1M | $11.6M | ||
| Q3 25 | $60.5M | $7.5M | ||
| Q2 25 | $52.3M | $-4.2M | ||
| Q1 25 | $18.7M | $27.6M | ||
| Q4 24 | $21.8M | $-6.9M | ||
| Q3 24 | $50.2M | $18.0M | ||
| Q2 24 | $-3.5M | $3.6M | ||
| Q1 24 | $51.8M | $9.8M |
| Q4 25 | 9.3% | 3.4% | ||
| Q3 25 | 14.8% | 2.2% | ||
| Q2 25 | 13.1% | -1.3% | ||
| Q1 25 | 5.2% | 8.2% | ||
| Q4 24 | 7.0% | -2.1% | ||
| Q3 24 | 14.3% | 5.6% | ||
| Q2 24 | -1.1% | 1.2% | ||
| Q1 24 | 15.0% | 3.2% |
| Q4 25 | 1.6% | 2.9% | ||
| Q3 25 | 1.1% | 2.4% | ||
| Q2 25 | 1.2% | 2.2% | ||
| Q1 25 | 2.5% | 1.9% | ||
| Q4 24 | 1.5% | 2.9% | ||
| Q3 24 | 1.5% | 2.0% | ||
| Q2 24 | 1.3% | 2.9% | ||
| Q1 24 | 0.8% | 3.4% |
| Q4 25 | 1.19× | 1.86× | ||
| Q3 25 | 1.78× | 1.32× | ||
| Q2 25 | 1.56× | 0.25× | ||
| Q1 25 | 1.07× | 2.60× | ||
| Q4 24 | 0.92× | 0.27× | ||
| Q3 24 | 2.24× | 2.72× | ||
| Q2 24 | 0.03× | 1.35× | ||
| Q1 24 | 2.10× | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
