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Side-by-side financial comparison of Blue Bird Corp (BLBD) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $333.1M, roughly 1.3× Blue Bird Corp). Blue Bird Corp runs the higher net margin — 9.2% vs 7.6%, a 1.6% gap on every dollar of revenue. On growth, Blue Bird Corp posted the faster year-over-year revenue change (6.1% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $31.1M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
BLBD vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $333.1M | $430.0M |
| Net Profit | $30.8M | $32.8M |
| Gross Margin | 21.4% | 75.2% |
| Operating Margin | 11.3% | 8.6% |
| Net Margin | 9.2% | 7.6% |
| Revenue YoY | 6.1% | -9.6% |
| Net Profit YoY | 7.1% | — |
| EPS (diluted) | $0.94 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $333.1M | $504.3M | ||
| Q3 25 | $409.4M | $381.4M | ||
| Q2 25 | $398.0M | $384.5M | ||
| Q1 25 | $358.9M | $475.6M | ||
| Q4 24 | $313.9M | $490.8M | ||
| Q3 24 | $350.2M | $325.1M | ||
| Q2 24 | $333.4M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $30.8M | $234.6M | ||
| Q3 25 | $36.5M | $43.4M | ||
| Q2 25 | $36.5M | $30.1M | ||
| Q1 25 | $26.0M | $85.4M | ||
| Q4 24 | $28.7M | $119.1M | ||
| Q3 24 | $24.7M | $-14.4M | ||
| Q2 24 | $28.7M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 21.4% | 79.5% | ||
| Q3 25 | 21.1% | 72.2% | ||
| Q2 25 | 21.6% | 71.5% | ||
| Q1 25 | 19.7% | 78.5% | ||
| Q4 24 | 19.2% | 79.1% | ||
| Q3 24 | 17.0% | 70.2% | ||
| Q2 24 | 20.8% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 11.3% | 20.7% | ||
| Q3 25 | 12.3% | 3.8% | ||
| Q2 25 | 12.6% | 4.5% | ||
| Q1 25 | 9.4% | 26.7% | ||
| Q4 24 | 10.5% | 29.1% | ||
| Q3 24 | 7.3% | -3.6% | ||
| Q2 24 | 11.9% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 9.2% | 46.5% | ||
| Q3 25 | 8.9% | 11.4% | ||
| Q2 25 | 9.2% | 7.8% | ||
| Q1 25 | 7.3% | 18.0% | ||
| Q4 24 | 9.2% | 24.3% | ||
| Q3 24 | 7.0% | -4.4% | ||
| Q2 24 | 8.6% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.94 | $0.81 | ||
| Q3 25 | $1.11 | $0.24 | ||
| Q2 25 | $1.12 | $0.17 | ||
| Q1 25 | $0.79 | $0.91 | ||
| Q4 24 | $0.86 | $1.35 | ||
| Q3 24 | $0.71 | $-0.17 | ||
| Q2 24 | $0.85 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $271.4M | $705.9M |
| Total Assets | $642.3M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $241.7M | $425.8M | ||
| Q3 25 | $229.3M | $351.4M | ||
| Q2 25 | $173.1M | $411.6M | ||
| Q1 25 | $130.7M | $371.7M | ||
| Q4 24 | $136.1M | $740.0M | ||
| Q3 24 | $127.7M | $703.0M | ||
| Q2 24 | $88.4M | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $271.4M | $787.4M | ||
| Q3 25 | $255.4M | $596.8M | ||
| Q2 25 | $221.8M | $624.5M | ||
| Q1 25 | $190.4M | $611.3M | ||
| Q4 24 | $179.7M | $585.5M | ||
| Q3 24 | $159.6M | $473.0M | ||
| Q2 24 | $137.3M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $642.3M | $1.6B | ||
| Q3 25 | $625.3M | $1.3B | ||
| Q2 25 | $575.5M | $1.3B | ||
| Q1 25 | $543.7M | $1.3B | ||
| Q4 24 | $535.2M | $1.8B | ||
| Q3 24 | $524.9M | $1.6B | ||
| Q2 24 | $468.1M | $1.5B |
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 | $206.5M |
| FCF MarginFCF / Revenue | 9.3% | 48.0% |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 1.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.6M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $36.6M | $158.4M | ||
| Q3 25 | $65.1M | $56.3M | ||
| Q2 25 | $56.9M | $86.3M | ||
| Q1 25 | $27.8M | $204.2M | ||
| Q4 24 | $26.4M | $95.2M | ||
| Q3 24 | $55.4M | $30.5M | ||
| Q2 24 | $989.0K | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $31.1M | $152.4M | ||
| Q3 25 | $60.5M | $51.8M | ||
| Q2 25 | $52.3M | $84.1M | ||
| Q1 25 | $18.7M | $202.3M | ||
| Q4 24 | $21.8M | $92.4M | ||
| Q3 24 | $50.2M | $27.4M | ||
| Q2 24 | $-3.5M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 9.3% | 30.2% | ||
| Q3 25 | 14.8% | 13.6% | ||
| Q2 25 | 13.1% | 21.9% | ||
| Q1 25 | 5.2% | 42.5% | ||
| Q4 24 | 7.0% | 18.8% | ||
| Q3 24 | 14.3% | 8.4% | ||
| Q2 24 | -1.1% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 1.2% | ||
| Q3 25 | 1.1% | 1.2% | ||
| Q2 25 | 1.2% | 0.6% | ||
| Q1 25 | 2.5% | 0.4% | ||
| Q4 24 | 1.5% | 0.6% | ||
| Q3 24 | 1.5% | 0.9% | ||
| Q2 24 | 1.3% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 0.68× | ||
| Q3 25 | 1.78× | 1.30× | ||
| Q2 25 | 1.56× | 2.87× | ||
| Q1 25 | 1.07× | 2.39× | ||
| Q4 24 | 0.92× | 0.80× | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 0.03× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
