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Side-by-side financial comparison of Blue Bird Corp (BLBD) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.

Blue Bird Corp is the larger business by last-quarter revenue ($333.1M vs $245.3M, roughly 1.4× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 9.2%, a 1.4% gap on every dollar of revenue. On growth, Blue Bird Corp posted the faster year-over-year revenue change (6.1% vs 2.4%). Blue Bird Corp produced more free cash flow last quarter ($31.1M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

BLBD vs TGLS — Head-to-Head

Bigger by revenue
BLBD
BLBD
1.4× larger
BLBD
$333.1M
$245.3M
TGLS
Growing faster (revenue YoY)
BLBD
BLBD
+3.7% gap
BLBD
6.1%
2.4%
TGLS
Higher net margin
TGLS
TGLS
1.4% more per $
TGLS
10.6%
9.2%
BLBD
More free cash flow
BLBD
BLBD
$19.7M more FCF
BLBD
$31.1M
$11.4M
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
-1.9%
BLBD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BLBD
BLBD
TGLS
TGLS
Revenue
$333.1M
$245.3M
Net Profit
$30.8M
$26.1M
Gross Margin
21.4%
40.0%
Operating Margin
11.3%
18.3%
Net Margin
9.2%
10.6%
Revenue YoY
6.1%
2.4%
Net Profit YoY
7.1%
-44.5%
EPS (diluted)
$0.94
$0.57

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
TGLS
TGLS
Q4 25
$333.1M
$245.3M
Q3 25
$409.4M
$260.5M
Q2 25
$398.0M
$255.5M
Q1 25
$358.9M
$222.3M
Q4 24
$313.9M
$239.6M
Q3 24
$350.2M
$238.3M
Q2 24
$333.4M
$219.7M
Q1 24
$345.9M
$192.6M
Net Profit
BLBD
BLBD
TGLS
TGLS
Q4 25
$30.8M
$26.1M
Q3 25
$36.5M
$47.2M
Q2 25
$36.5M
$44.1M
Q1 25
$26.0M
$42.2M
Q4 24
$28.7M
$47.0M
Q3 24
$24.7M
$49.5M
Q2 24
$28.7M
$35.0M
Q1 24
$26.0M
$29.7M
Gross Margin
BLBD
BLBD
TGLS
TGLS
Q4 25
21.4%
40.0%
Q3 25
21.1%
42.7%
Q2 25
21.6%
44.7%
Q1 25
19.7%
43.9%
Q4 24
19.2%
44.5%
Q3 24
17.0%
45.8%
Q2 24
20.8%
40.8%
Q1 24
18.4%
38.8%
Operating Margin
BLBD
BLBD
TGLS
TGLS
Q4 25
11.3%
18.3%
Q3 25
12.3%
25.1%
Q2 25
12.6%
24.0%
Q1 25
9.4%
26.7%
Q4 24
10.5%
28.0%
Q3 24
7.3%
28.4%
Q2 24
11.9%
23.3%
Q1 24
10.4%
21.3%
Net Margin
BLBD
BLBD
TGLS
TGLS
Q4 25
9.2%
10.6%
Q3 25
8.9%
18.1%
Q2 25
9.2%
17.3%
Q1 25
7.3%
19.0%
Q4 24
9.2%
19.6%
Q3 24
7.0%
20.8%
Q2 24
8.6%
15.9%
Q1 24
7.5%
15.4%
EPS (diluted)
BLBD
BLBD
TGLS
TGLS
Q4 25
$0.94
$0.57
Q3 25
$1.11
$1.01
Q2 25
$1.12
$0.94
Q1 25
$0.79
$0.90
Q4 24
$0.86
$1.00
Q3 24
$0.71
$1.05
Q2 24
$0.85
$0.75
Q1 24
$0.79
$0.63

Balance Sheet & Financial Strength

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

Metric
BLBD
BLBD
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$241.7M
$104.1M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$271.4M
$713.1M
Total Assets
$642.3M
$1.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLBD
BLBD
TGLS
TGLS
Q4 25
$241.7M
$104.1M
Q3 25
$229.3M
$127.1M
Q2 25
$173.1M
$140.9M
Q1 25
$130.7M
$160.2M
Q4 24
$136.1M
$137.5M
Q3 24
$127.7M
$124.8M
Q2 24
$88.4M
$129.5M
Q1 24
$93.1M
$138.8M
Total Debt
BLBD
BLBD
TGLS
TGLS
Q4 25
$174.4M
Q3 25
$114.7M
Q2 25
$110.6M
Q1 25
$110.6M
Q4 24
$111.1M
Q3 24
$126.8M
Q2 24
$144.7M
Q1 24
$160.9M
Stockholders' Equity
BLBD
BLBD
TGLS
TGLS
Q4 25
$271.4M
$713.1M
Q3 25
$255.4M
$764.0M
Q2 25
$221.8M
$736.0M
Q1 25
$190.4M
$685.1M
Q4 24
$179.7M
$631.2M
Q3 24
$159.6M
$613.3M
Q2 24
$137.3M
$574.8M
Q1 24
$105.8M
$573.6M
Total Assets
BLBD
BLBD
TGLS
TGLS
Q4 25
$642.3M
$1.3B
Q3 25
$625.3M
$1.2B
Q2 25
$575.5M
$1.2B
Q1 25
$543.7M
$1.1B
Q4 24
$535.2M
$1.0B
Q3 24
$524.9M
$996.3M
Q2 24
$468.1M
$942.5M
Q1 24
$456.5M
$981.6M
Debt / Equity
BLBD
BLBD
TGLS
TGLS
Q4 25
0.24×
Q3 25
0.15×
Q2 25
0.15×
Q1 25
0.16×
Q4 24
0.18×
Q3 24
0.21×
Q2 24
0.25×
Q1 24
0.28×

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
TGLS
TGLS
Operating Cash FlowLast quarter
$36.6M
$31.0M
Free Cash FlowOCF − Capex
$31.1M
$11.4M
FCF MarginFCF / Revenue
9.3%
4.7%
Capex IntensityCapex / Revenue
1.6%
8.0%
Cash ConversionOCF / Net Profit
1.19×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$162.6M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLBD
BLBD
TGLS
TGLS
Q4 25
$36.6M
$31.0M
Q3 25
$65.1M
$40.0M
Q2 25
$56.9M
$17.9M
Q1 25
$27.8M
$46.9M
Q4 24
$26.4M
$61.1M
Q3 24
$55.4M
$41.5M
Q2 24
$989.0K
$34.5M
Q1 24
$54.6M
$33.4M
Free Cash Flow
BLBD
BLBD
TGLS
TGLS
Q4 25
$31.1M
$11.4M
Q3 25
$60.5M
$21.2M
Q2 25
$52.3M
$-14.7M
Q1 25
$18.7M
$16.5M
Q4 24
$21.8M
$35.4M
Q3 24
$50.2M
$17.8M
Q2 24
$-3.5M
$14.2M
Q1 24
$51.8M
$23.6M
FCF Margin
BLBD
BLBD
TGLS
TGLS
Q4 25
9.3%
4.7%
Q3 25
14.8%
8.2%
Q2 25
13.1%
-5.7%
Q1 25
5.2%
7.4%
Q4 24
7.0%
14.8%
Q3 24
14.3%
7.5%
Q2 24
-1.1%
6.5%
Q1 24
15.0%
12.2%
Capex Intensity
BLBD
BLBD
TGLS
TGLS
Q4 25
1.6%
8.0%
Q3 25
1.1%
7.2%
Q2 25
1.2%
12.7%
Q1 25
2.5%
13.7%
Q4 24
1.5%
10.7%
Q3 24
1.5%
9.9%
Q2 24
1.3%
9.2%
Q1 24
0.8%
5.1%
Cash Conversion
BLBD
BLBD
TGLS
TGLS
Q4 25
1.19×
1.19×
Q3 25
1.78×
0.85×
Q2 25
1.56×
0.41×
Q1 25
1.07×
1.11×
Q4 24
0.92×
1.30×
Q3 24
2.24×
0.84×
Q2 24
0.03×
0.98×
Q1 24
2.10×
1.13×

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%

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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