vs
Blue Bird Corp（BLBD）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
Blue Bird Corp的季度营收约是Forestar Group Inc.的1.2倍（$333.1M vs $273.0M），Blue Bird Corp净利率更高（9.2% vs 5.6%，领先3.6%），Forestar Group Inc.同比增速更快（9.0% vs 6.1%），Blue Bird Corp自由现金流更多（$31.1M vs $-157.1M），过去两年Blue Bird Corp的营收复合增速更高（-1.9% vs -9.6%）
蓝鸟公司是美国知名客车制造企业，总部位于佐治亚州福特瓦利，主打产品为校车，同时业务覆盖多种客车类型的生产，包括城市公交、旅居房车，以及移动图书馆、流动警务指挥中心等特种车辆。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
BLBD vs FOR — 直观对比
营收规模更大
BLBD
是对方的1.2倍
$273.0M
营收增速更快
FOR
高出2.9%
6.1%
净利率更高
BLBD
高出3.6%
5.6%
自由现金流更多
BLBD
多$188.2M
$-157.1M
两年增速更快
BLBD
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $333.1M | $273.0M |
| 净利润 | $30.8M | $15.4M |
| 毛利率 | 21.4% | 20.1% |
| 营业利润率 | 11.3% | 7.6% |
| 净利率 | 9.2% | 5.6% |
| 营收同比 | 6.1% | 9.0% |
| 净利润同比 | 7.1% | -6.7% |
| 每股收益（稀释后） | $0.94 | $0.30 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BLBDFOR
| Q4 25 | $333.1M | $273.0M | ||
| Q3 25 | $409.4M | $670.5M | ||
| Q2 25 | $398.0M | $390.5M | ||
| Q1 25 | $358.9M | $351.0M | ||
| Q4 24 | $313.9M | $250.4M | ||
| Q3 24 | $350.2M | $551.3M | ||
| Q2 24 | $333.4M | $318.4M | ||
| Q1 24 | $345.9M | $333.8M |
净利润BLBDFOR
| Q4 25 | $30.8M | $15.4M | ||
| Q3 25 | $36.5M | $86.9M | ||
| Q2 25 | $36.5M | $32.9M | ||
| Q1 25 | $26.0M | $31.6M | ||
| Q4 24 | $28.7M | $16.5M | ||
| Q3 24 | $24.7M | $81.5M | ||
| Q2 24 | $28.7M | $38.7M | ||
| Q1 24 | $26.0M | $45.0M |
毛利率BLBDFOR
| Q4 25 | 21.4% | 20.1% | ||
| Q3 25 | 21.1% | 22.3% | ||
| Q2 25 | 21.6% | 20.4% | ||
| Q1 25 | 19.7% | 22.6% | ||
| Q4 24 | 19.2% | 22.0% | ||
| Q3 24 | 17.0% | 23.9% | ||
| Q2 24 | 20.8% | 22.5% | ||
| Q1 24 | 18.4% | 24.9% |
营业利润率BLBDFOR
| Q4 25 | 11.3% | 7.6% | ||
| Q3 25 | 12.3% | 16.9% | ||
| Q2 25 | 12.6% | 11.2% | ||
| Q1 25 | 9.4% | 11.6% | ||
| Q4 24 | 10.5% | 8.7% | ||
| Q3 24 | 7.3% | 19.7% | ||
| Q2 24 | 11.9% | 16.2% | ||
| Q1 24 | 10.4% | 17.6% |
净利率BLBDFOR
| Q4 25 | 9.2% | 5.6% | ||
| Q3 25 | 8.9% | 13.0% | ||
| Q2 25 | 9.2% | 8.4% | ||
| Q1 25 | 7.3% | 9.0% | ||
| Q4 24 | 9.2% | 6.6% | ||
| Q3 24 | 7.0% | 14.8% | ||
| Q2 24 | 8.6% | 12.2% | ||
| Q1 24 | 7.5% | 13.5% |
每股收益（稀释后）BLBDFOR
| Q4 25 | $0.94 | $0.30 | ||
| Q3 25 | $1.11 | $1.70 | ||
| Q2 25 | $1.12 | $0.65 | ||
| Q1 25 | $0.79 | $0.62 | ||
| Q4 24 | $0.86 | $0.32 | ||
| Q3 24 | $0.71 | $1.59 | ||
| Q2 24 | $0.85 | $0.76 | ||
| Q1 24 | $0.79 | $0.89 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $241.7M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $271.4M | $1.8B |
| 总资产 | $642.3M | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资BLBDFOR
| Q4 25 | $241.7M | $211.7M | ||
| Q3 25 | $229.3M | $379.2M | ||
| Q2 25 | $173.1M | $189.2M | ||
| Q1 25 | $130.7M | $174.3M | ||
| Q4 24 | $136.1M | $132.0M | ||
| Q3 24 | $127.7M | $481.2M | ||
| Q2 24 | $88.4M | $359.2M | ||
| Q1 24 | $93.1M | $416.2M |
总债务BLBDFOR
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
股东权益BLBDFOR
| Q4 25 | $271.4M | $1.8B | ||
| Q3 25 | $255.4M | $1.8B | ||
| Q2 25 | $221.8M | $1.7B | ||
| Q1 25 | $190.4M | $1.6B | ||
| Q4 24 | $179.7M | $1.6B | ||
| Q3 24 | $159.6M | $1.6B | ||
| Q2 24 | $137.3M | $1.5B | ||
| Q1 24 | $105.8M | $1.5B |
总资产BLBDFOR
| Q4 25 | $642.3M | $3.2B | ||
| Q3 25 | $625.3M | $3.1B | ||
| Q2 25 | $575.5M | $3.1B | ||
| Q1 25 | $543.7M | $3.0B | ||
| Q4 24 | $535.2M | $3.0B | ||
| Q3 24 | $524.9M | $2.8B | ||
| Q2 24 | $468.1M | $2.7B | ||
| Q1 24 | $456.5M | $2.6B |
负债/权益比BLBDFOR
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $36.6M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $-157.1M |
| 自由现金流率自由现金流/营收 | 9.3% | -57.5% |
| 资本支出强度资本支出/营收 | 1.6% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.19× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $162.6M | $93.0M |
8季度趋势，按日历期对齐
经营现金流BLBDFOR
| Q4 25 | $36.6M | $-157.0M | ||
| Q3 25 | $65.1M | $256.3M | ||
| Q2 25 | $56.9M | $15.8M | ||
| Q1 25 | $27.8M | $-19.8M | ||
| Q4 24 | $26.4M | $-450.0M | ||
| Q3 24 | $55.4M | $119.2M | ||
| Q2 24 | $989.0K | $-61.7M | ||
| Q1 24 | $54.6M | $-59.2M |
自由现金流BLBDFOR
| Q4 25 | $31.1M | $-157.1M | ||
| Q3 25 | $60.5M | $255.6M | ||
| Q2 25 | $52.3M | $15.0M | ||
| Q1 25 | $18.7M | $-20.5M | ||
| Q4 24 | $21.8M | — | ||
| Q3 24 | $50.2M | $118.4M | ||
| Q2 24 | $-3.5M | $-62.3M | ||
| Q1 24 | $51.8M | $-59.8M |
自由现金流率BLBDFOR
| Q4 25 | 9.3% | -57.5% | ||
| Q3 25 | 14.8% | 38.1% | ||
| Q2 25 | 13.1% | 3.8% | ||
| Q1 25 | 5.2% | -5.8% | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 14.3% | 21.5% | ||
| Q2 24 | -1.1% | -19.6% | ||
| Q1 24 | 15.0% | -17.9% |
资本支出强度BLBDFOR
| Q4 25 | 1.6% | 0.0% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 2.5% | 0.2% | ||
| Q4 24 | 1.5% | 0.0% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 1.3% | 0.2% | ||
| Q1 24 | 0.8% | 0.2% |
现金转化率BLBDFOR
| Q4 25 | 1.19× | -10.19× | ||
| Q3 25 | 1.78× | 2.95× | ||
| Q2 25 | 1.56× | 0.48× | ||
| Q1 25 | 1.07× | -0.63× | ||
| Q4 24 | 0.92× | -27.27× | ||
| Q3 24 | 2.24× | 1.46× | ||
| Q2 24 | 0.03× | -1.59× | ||
| Q1 24 | 2.10× | -1.32× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BLBD
| Alternative Fuel Buses | $151.4M | 45% |
| Diesel Buses | $144.9M | 43% |
| Parts | $24.8M | 7% |
| Other | $12.1M | 4% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
