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Side-by-side financial comparison of Blue Bird Corp (BLBD) and SL GREEN REALTY CORP (SLG). Click either name above to swap in a different company.

Blue Bird Corp is the larger business by last-quarter revenue ($333.1M vs $276.5M, roughly 1.2× SL GREEN REALTY CORP). Blue Bird Corp runs the higher net margin — 9.2% vs -36.5%, a 45.7% gap on every dollar of revenue. On growth, SL GREEN REALTY CORP posted the faster year-over-year revenue change (12.4% vs 6.1%). Over the past eight quarters, SL GREEN REALTY CORP's revenue compounded faster (21.3% 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.

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".

BLBD vs SLG — Head-to-Head

Bigger by revenue
BLBD
BLBD
1.2× larger
BLBD
$333.1M
$276.5M
SLG
Growing faster (revenue YoY)
SLG
SLG
+6.3% gap
SLG
12.4%
6.1%
BLBD
Higher net margin
BLBD
BLBD
45.7% more per $
BLBD
9.2%
-36.5%
SLG
Faster 2-yr revenue CAGR
SLG
SLG
Annualised
SLG
21.3%
-1.9%
BLBD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BLBD
BLBD
SLG
SLG
Revenue
$333.1M
$276.5M
Net Profit
$30.8M
$-100.8M
Gross Margin
21.4%
Operating Margin
11.3%
64.2%
Net Margin
9.2%
-36.5%
Revenue YoY
6.1%
12.4%
Net Profit YoY
7.1%
-870.0%
EPS (diluted)
$0.94
$-1.49

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.

Revenue
BLBD
BLBD
SLG
SLG
Q4 25
$333.1M
$276.5M
Q3 25
$409.4M
$244.8M
Q2 25
$398.0M
$241.9M
Q1 25
$358.9M
$239.8M
Q4 24
$313.9M
$245.9M
Q3 24
$350.2M
$229.7M
Q2 24
$333.4M
$222.8M
Q1 24
$345.9M
$187.9M
Net Profit
BLBD
BLBD
SLG
SLG
Q4 25
$30.8M
$-100.8M
Q3 25
$36.5M
$28.6M
Q2 25
$36.5M
$-7.4M
Q1 25
$26.0M
$-17.3M
Q4 24
$28.7M
$19.1M
Q3 24
$24.7M
$-9.5M
Q2 24
$28.7M
$1.6M
Q1 24
$26.0M
$16.9M
Gross Margin
BLBD
BLBD
SLG
SLG
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 24
18.4%
Operating Margin
BLBD
BLBD
SLG
SLG
Q4 25
11.3%
64.2%
Q3 25
12.3%
85.5%
Q2 25
12.6%
53.4%
Q1 25
9.4%
56.7%
Q4 24
10.5%
59.8%
Q3 24
7.3%
65.1%
Q2 24
11.9%
79.2%
Q1 24
10.4%
Net Margin
BLBD
BLBD
SLG
SLG
Q4 25
9.2%
-36.5%
Q3 25
8.9%
11.7%
Q2 25
9.2%
-3.0%
Q1 25
7.3%
-7.2%
Q4 24
9.2%
7.8%
Q3 24
7.0%
-4.2%
Q2 24
8.6%
0.7%
Q1 24
7.5%
9.0%
EPS (diluted)
BLBD
BLBD
SLG
SLG
Q4 25
$0.94
$-1.49
Q3 25
$1.11
$0.34
Q2 25
$1.12
$-0.16
Q1 25
$0.79
$-0.30
Q4 24
$0.86
$0.13
Q3 24
$0.71
$-0.21
Q2 24
$0.85
$-0.04
Q1 24
$0.79
$0.20

Balance Sheet & Financial Strength

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

Metric
BLBD
BLBD
SLG
SLG
Cash + ST InvestmentsLiquidity on hand
$241.7M
$155.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$271.4M
$3.7B
Total Assets
$642.3M
$11.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLBD
BLBD
SLG
SLG
Q4 25
$241.7M
$155.7M
Q3 25
$229.3M
$187.0M
Q2 25
$173.1M
$182.9M
Q1 25
$130.7M
$180.1M
Q4 24
$136.1M
$184.3M
Q3 24
$127.7M
$188.2M
Q2 24
$88.4M
$199.5M
Q1 24
$93.1M
$196.0M
Stockholders' Equity
BLBD
BLBD
SLG
SLG
Q4 25
$271.4M
$3.7B
Q3 25
$255.4M
$3.8B
Q2 25
$221.8M
$3.8B
Q1 25
$190.4M
$3.8B
Q4 24
$179.7M
$4.0B
Q3 24
$159.6M
$3.6B
Q2 24
$137.3M
$3.7B
Q1 24
$105.8M
$3.7B
Total Assets
BLBD
BLBD
SLG
SLG
Q4 25
$642.3M
$11.1B
Q3 25
$625.3M
$11.1B
Q2 25
$575.5M
$11.3B
Q1 25
$543.7M
$11.4B
Q4 24
$535.2M
$10.5B
Q3 24
$524.9M
$10.2B
Q2 24
$468.1M
$9.5B
Q1 24
$456.5M
$9.8B

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
SLG
SLG
Operating Cash FlowLast quarter
$36.6M
$82.9M
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
SLG
SLG
Q4 25
$36.6M
$82.9M
Q3 25
$65.1M
$-6.8M
Q2 25
$56.9M
$54.5M
Q1 25
$27.8M
$6.7M
Q4 24
$26.4M
$129.6M
Q3 24
$55.4M
$16.7M
Q2 24
$989.0K
$79.4M
Q1 24
$54.6M
$-24.7M
Free Cash Flow
BLBD
BLBD
SLG
SLG
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
Q1 24
$51.8M
FCF Margin
BLBD
BLBD
SLG
SLG
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%
Q1 24
15.0%
Capex Intensity
BLBD
BLBD
SLG
SLG
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%
Q1 24
0.8%
Cash Conversion
BLBD
BLBD
SLG
SLG
Q4 25
1.19×
Q3 25
1.78×
-0.24×
Q2 25
1.56×
Q1 25
1.07×
Q4 24
0.92×
6.77×
Q3 24
2.24×
Q2 24
0.03×
50.33×
Q1 24
2.10×
-1.46×

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%

SLG
SLG

Real Estate Segment$223.1M81%
Other$35.9M13%
Debt And Preferred Equity Segment$17.4M6%

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