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Blue Bird vs Miller Industries: revenue, profit, margins and growth compared

Blue Bird brought in $1.5B of revenue in fiscal 2025, Miller Industries $790.3M in fiscal 2025. Revenue changed by +9.9% at Blue Bird and -37.2% at Miller Industries on the year before, so Blue Bird grew faster. Blue Bird kept 8.6% of its revenue as net profit, Miller Industries 2.9%. Free cash flow was $153.3M at Blue Bird and $85M at Miller Industries.

Side by side, latest fiscal year

BLBDMLR
Fiscal year endedFY2025 (September 27, 2025)FY2025 (December 31, 2025)
Revenue$1.5B$790.3M
Revenue growth+9.9%-37.2%
Net income$127.7M$23M
Net margin8.6%2.9%
Free cash flow$153.3M$85M
Free cash flow margin10.4%10.8%
Earnings per share (diluted)$3.88$1.98
Cash$229.3M$44.7M
Debt$90.3M$33.3M
Price to earnings15.027.3
Market value$1.8B$613.5M
Dividend yieldn/a1.48%
Rank by revenue in sector#400 of 778 · Consumer discretionary#497 of 778 · Consumer discretionary

Over the years

Revenue
BLBD FY2019: $1BBLBD FY2020: $879.2MBLBD FY2021: $684MBLBD FY2022: $800.6MBLBD FY2022: $800.6MBLBD FY2023: $1.1BBLBD FY2024: $1.3BBLBD FY2025: $1.5BMLR FY2018: $711.7MMLR FY2019: $818.2MMLR FY2020: $651.3MMLR FY2021: $717.5MMLR FY2022: $848.5MMLR FY2023: $1.2BMLR FY2024: $1.3BMLR FY2025: $790.3MFY18FY19FY20FY21FY22FY23FY24FY25
BLBD $1.5BMLR $790.3M
Net income
BLBD FY2019: $24.3MBLBD FY2020: $12.2MBLBD FY2021: -$289KBLBD FY2022: -$45.8MBLBD FY2022: -$45.8MBLBD FY2023: $23.8MBLBD FY2024: $105.5MBLBD FY2025: $127.7MMLR FY2018: $33.7MMLR FY2019: $39.1MMLR FY2020: $29.8MMLR FY2021: $16.3MMLR FY2022: $20.3MMLR FY2023: $58.3MMLR FY2024: $63.5MMLR FY2025: $23MFY18FY19FY20FY21FY22FY23FY24FY25
BLBD $127.7MMLR $23M
Net margin
BLBD FY2019: 2.4%BLBD FY2020: 1.4%BLBD FY2021: -0.0%BLBD FY2022: -5.7%BLBD FY2022: -5.7%BLBD FY2023: 2.1%BLBD FY2024: 7.8%BLBD FY2025: 8.6%MLR FY2018: 4.7%MLR FY2019: 4.8%MLR FY2020: 4.6%MLR FY2021: 2.3%MLR FY2022: 2.4%MLR FY2023: 5.1%MLR FY2024: 5.0%MLR FY2025: 2.9%FY18FY19FY20FY21FY22FY23FY24FY25
BLBD 8.6%MLR 2.9%
Revenue growth
BLBD FY2020: -13.7%BLBD FY2021: -22.2%BLBD FY2022: +17.1%BLBD FY2022: 0.0%BLBD FY2023: +41.5%BLBD FY2024: +18.9%BLBD FY2025: +9.9%MLR FY2019: +15.0%MLR FY2020: -20.4%MLR FY2021: +10.2%MLR FY2022: +18.3%MLR FY2023: +35.9%MLR FY2024: +9.0%MLR FY2025: -37.2%FY19FY20FY21FY22FY23FY24FY25
BLBD +9.9%MLR -37.2%
Free cash flow
BLBD FY2019: $20.2MBLBD FY2020: -$15.5MBLBD FY2021: -$66.5MBLBD FY2022: -$30.9MBLBD FY2022: -$30.9MBLBD FY2023: $111.4MBLBD FY2024: $95.8MBLBD FY2025: $153.3MMLR FY2018: $8.6MMLR FY2019: $17.7MMLR FY2020: $43.2MMLR FY2021: $6.1MMLR FY2022: -$48.1MMLR FY2023: -$1.1MMLR FY2024: $1.5MMLR FY2025: $85MFY18FY19FY20FY21FY22FY23FY24FY25
BLBD $153.3MMLR $85M

Fiscal years as each company reports them; the two may end in different months.

Questions about Blue Bird and Miller Industries

Which is bigger by revenue, Blue Bird or Miller Industries?

Blue Bird is bigger by revenue: $1.5B in fiscal 2025, against $790.3M for Miller Industries in fiscal 2025.

Which keeps more of its revenue as profit, Blue Bird or Miller Industries?

Blue Bird had a net margin of 8.6% in fiscal 2025; Miller Industries had 2.9% in fiscal 2025.

Which grew revenue faster, Blue Bird or Miller Industries?

In their latest fiscal years revenue changed by +9.9% at Blue Bird and -37.2% at Miller Industries.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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