Blue Bird Corporation — Earnings Quality Grade A
BLBD · Industrials
Strong financial health
Screening Summary
管理层信号
数据来源：SEC EDGAR 8-K Item 5.02，附 Exhibit 99.1 链接
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 5 days, change -11 days YoY
AR growth -65.1% vs revenue growth 9.9%
Revenue 9.9%, CFFO 58.6%. Cash follows revenue
Expense Quality
Inventory 9.1% vs COGS 7.8%. Normal
CapEx growth 49.9% is >2x revenue growth 9.9%
SG&A/Gross Profit = 44.9%. Normal
Gross margin 20.5%, change +1.5pp. Stable
Cash Flow Quality
CFFO/NI = 1.38. Profits backed by cash
FCF $0.2B, FCF/NI = 1.20
Accruals ratio = -7.8%. Low accruals
Cash $0.2B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 24% of equity. Manageable
Debt/EBITDA = 0.5x. Healthy
Other assets -23.5% vs revenue 9.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -3.43 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25