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Side-by-side financial comparison of Blue Bird Corp (BLBD) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
Blue Bird Corp is the larger business by last-quarter revenue ($333.1M vs $207.0M, roughly 1.6× ONE Group Hospitality, Inc.). Blue Bird Corp runs the higher net margin — 9.2% vs -3.1%, a 12.3% gap on every dollar of revenue. On growth, Blue Bird Corp posted the faster year-over-year revenue change (6.1% vs -6.7%). Blue Bird Corp produced more free cash flow last quarter ($31.1M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
BLBD vs STKS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $333.1M | $207.0M |
| Net Profit | $30.8M | $-6.4M |
| Gross Margin | 21.4% | — |
| Operating Margin | 11.3% | 2.2% |
| Net Margin | 9.2% | -3.1% |
| Revenue YoY | 6.1% | -6.7% |
| Net Profit YoY | 7.1% | -531.8% |
| EPS (diluted) | $0.94 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $409.4M | $180.2M | ||
| Q2 25 | $398.0M | $207.4M | ||
| Q1 25 | $358.9M | $211.1M | ||
| Q4 24 | $313.9M | $221.9M | ||
| Q3 24 | $350.2M | $194.0M | ||
| Q2 24 | $333.4M | $172.5M | ||
| Q1 24 | $345.9M | $85.0M |
| Q4 25 | $30.8M | $-6.4M | ||
| Q3 25 | $36.5M | $-76.7M | ||
| Q2 25 | $36.5M | $-10.1M | ||
| Q1 25 | $26.0M | $975.0K | ||
| Q4 24 | $28.7M | $1.5M | ||
| Q3 24 | $24.7M | $-9.3M | ||
| Q2 24 | $28.7M | $-7.3M | ||
| Q1 24 | $26.0M | $-2.1M |
| 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% | — |
| Q4 25 | 11.3% | 2.2% | ||
| Q3 25 | 12.3% | -4.4% | ||
| Q2 25 | 12.6% | 0.3% | ||
| Q1 25 | 9.4% | 5.1% | ||
| Q4 24 | 10.5% | 5.5% | ||
| Q3 24 | 7.3% | -1.9% | ||
| Q2 24 | 11.9% | 0.6% | ||
| Q1 24 | 10.4% | -0.7% |
| Q4 25 | 9.2% | -3.1% | ||
| Q3 25 | 8.9% | -42.6% | ||
| Q2 25 | 9.2% | -4.9% | ||
| Q1 25 | 7.3% | 0.5% | ||
| Q4 24 | 9.2% | 0.7% | ||
| Q3 24 | 7.0% | -4.8% | ||
| Q2 24 | 8.6% | -4.3% | ||
| Q1 24 | 7.5% | -2.4% |
| Q4 25 | $0.94 | $-0.50 | ||
| Q3 25 | $1.11 | $-2.75 | ||
| Q2 25 | $1.12 | $-0.59 | ||
| Q1 25 | $0.79 | $-0.21 | ||
| Q4 24 | $0.86 | $-0.18 | ||
| Q3 24 | $0.71 | $-0.53 | ||
| Q2 24 | $0.85 | $-0.38 | ||
| Q1 24 | $0.79 | $-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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $271.4M | $-75.8M |
| Total Assets | $642.3M | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $241.7M | $4.2M | ||
| Q3 25 | $229.3M | $5.5M | ||
| Q2 25 | $173.1M | $4.7M | ||
| Q1 25 | $130.7M | $21.4M | ||
| Q4 24 | $136.1M | $27.6M | ||
| Q3 24 | $127.7M | $28.2M | ||
| Q2 24 | $88.4M | $32.2M | ||
| Q1 24 | $93.1M | $15.4M |
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $271.4M | $-75.8M | ||
| Q3 25 | $255.4M | $-61.5M | ||
| Q2 25 | $221.8M | $23.0M | ||
| Q1 25 | $190.4M | $40.5M | ||
| Q4 24 | $179.7M | $45.9M | ||
| Q3 24 | $159.6M | $51.4M | ||
| Q2 24 | $137.3M | $68.1M | ||
| Q1 24 | $105.8M | $68.3M |
| Q4 25 | $642.3M | $884.2M | ||
| Q3 25 | $625.3M | $879.5M | ||
| Q2 25 | $575.5M | $935.7M | ||
| Q1 25 | $543.7M | $956.0M | ||
| Q4 24 | $535.2M | $960.1M | ||
| Q3 24 | $524.9M | $953.5M | ||
| Q2 24 | $468.1M | $945.9M | ||
| Q1 24 | $456.5M | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $31.1M | $-329.0K |
| FCF MarginFCF / Revenue | 9.3% | -0.2% |
| Capex IntensityCapex / Revenue | 1.6% | 6.5% |
| Cash ConversionOCF / Net Profit | 1.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.6M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.6M | $13.1M | ||
| Q3 25 | $65.1M | $5.9M | ||
| Q2 25 | $56.9M | $2.8M | ||
| Q1 25 | $27.8M | $8.5M | ||
| Q4 24 | $26.4M | $18.5M | ||
| Q3 24 | $55.4M | $19.1M | ||
| Q2 24 | $989.0K | $-3.8M | ||
| Q1 24 | $54.6M | $10.4M |
| Q4 25 | $31.1M | $-329.0K | ||
| Q3 25 | $60.5M | $-6.1M | ||
| Q2 25 | $52.3M | $-15.0M | ||
| Q1 25 | $18.7M | $-5.8M | ||
| Q4 24 | $21.8M | $733.0K | ||
| Q3 24 | $50.2M | $287.0K | ||
| Q2 24 | $-3.5M | $-23.0M | ||
| Q1 24 | $51.8M | $-5.4M |
| Q4 25 | 9.3% | -0.2% | ||
| Q3 25 | 14.8% | -3.4% | ||
| Q2 25 | 13.1% | -7.2% | ||
| Q1 25 | 5.2% | -2.7% | ||
| Q4 24 | 7.0% | 0.3% | ||
| Q3 24 | 14.3% | 0.1% | ||
| Q2 24 | -1.1% | -13.3% | ||
| Q1 24 | 15.0% | -6.4% |
| Q4 25 | 1.6% | 6.5% | ||
| Q3 25 | 1.1% | 6.7% | ||
| Q2 25 | 1.2% | 8.6% | ||
| Q1 25 | 2.5% | 6.8% | ||
| Q4 24 | 1.5% | 8.0% | ||
| Q3 24 | 1.5% | 9.7% | ||
| Q2 24 | 1.3% | 11.1% | ||
| Q1 24 | 0.8% | 18.6% |
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.56× | — | ||
| Q1 25 | 1.07× | 8.76× | ||
| Q4 24 | 0.92× | 12.54× | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 2.10× | — |
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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
