BLDPNasdaqElectrical Industrial ApparatusFiscal year ends December 31
Ballard Power Systems Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 12, 2026
$1.52−0.05 (-3.18%)
Close on Oct 19, 2026
- Market cap
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- P/E (TTM)
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- Dividend yield
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Ballard Power Systems statistics
Financials through Dec 31, 2025, price as of Oct 19, 2026, median of Electrical Industrial Apparatus companies for comparison
Valuation
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Market Cap | $457.19M | $599.59M |
| Enterprise Value | -$69.86M | $635.90M |
| PS Ratio | 4.60 | 3.08 |
Enterprise value
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| EV / Sales | -0.70 | 2.69 |
Income (trailing twelve months)
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Revenue | $99.37M | $331.63M |
| Gross Profit | $5.46M | $96.76M |
| Operating Income | -$103.46M | -$960.68K |
| Pretax Income | -$90.86M | $931.00K |
| EBITDA | -$99.33M | $1.08M |
| EPS (Diluted) | -$0.30 | -$0.01 |
Margins
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Gross Margin | 5.50% | 34.5% |
| Operating Margin | -104.1% | -0.16% |
| Pretax Margin | -91.4% | 1.47% |
| EBITDA Margin | -100.0% | 3.20% |
| FCF Margin | -66.4% | 2.36% |
Returns
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Return on Capital Employed (ROCE) | -16.6% | -0.10% |
Growth
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 42.5% | 12.2% |
| Revenue Growth (3Y CAGR) | 6.67% | 1.62% |
| Revenue Growth (5Y CAGR) | -0.88% | 6.96% |
Balance sheet
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $527.05M | $93.20M |
| Net Cash (Debt) | $527.05M | $9.36M |
| Net Cash Per Share | $1.75 | $0.28 |
| Working Capital | $540.44M | $157.77M |
Financial position
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Current Ratio | 9.86 | 2.36 |
| Quick Ratio | 9.04 | 1.30 |
| Interest Coverage | -54.31 | 0.07 |
Cash flow (trailing twelve months)
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Operating Cash Flow | -$56.17M | $3.66M |
| Capital Expenditures | -$9.84M | -$16.82M |
| Free Cash Flow | -$66.01M | $3.81M |
| FCF Per Share | -$0.22 | $0.19 |
Efficiency
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Asset Turnover | 0.14 | 0.66 |
| Inventory Turnover | 1.87 | 3.10 |
Dividends and yields
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| FCF Yield | -14.4% | 0.72% |
Shares
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Shares Outstanding | 300,785,000 | 50,177,700 |
| Shares Change (YoY) | 0.28% | 2.14% |
| Float | 269,682,000 | 49,945,100 |
| Shares Held by Insiders | 10.3% | 5.36% |
| Shares Held by Institutions | 34.7% | 67.4% |
Taxes
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Income Tax | $51.00K | $3.54M |
Scores
| Measure | Ballard Power Systems | Industry median |
|---|---|---|
| Altman Z-Score | -0.85 | 3.05 |
Calculated by StockData from Ballard Power Systems's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.