Market cap
$678 Mln
Revenue (TTM)
$106 Mln
P/E Ratio
--
P/B Ratio
1.3
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 3.37 | 12.52 | 45.69 | 14.50 | 1.76 |
| EBIT | -13.71 | 47.59 | 76.90 | 16.25 | -2.19 |
| Net Profit | -73.46 | 18.61 | 74.14 | 13.36 | -3.50 |
| EPS | -73.15 | 19.05 | 74.08 | 13.38 | -2.09 |
| Book Value | -- | -- | -10.13 | -19.59 | -8.36 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| -224.65 | -192.09 | -64.44 | -80.59 | -460.72 |
| Net Margin
| -- | -- | -72.66 | -- | -- |
| Return on equity
| -23.39 | -18.88 | -13.37 | -14.66 | -38.97 |
| Return on Capital
| -22.81 | -18.47 | -- | -14.14 | -38.01 |
| Return on Assets
| -20.98 | -17.07 | -10.24 | -12.68 | -34.96 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.04 | 0.04 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
--
|
-14.14
|
-38.01
|
-16.28
|
-13.78
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-13.37
--
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
-13.37
|
-14.66
|
-38.97
|
-16.53
|
-13.96
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROA
-10.24
--
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
-10.24
|
-12.68
|
-34.96
|
-15.29
|
-12.92
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Margin
-64.44
--
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
-64.44
|
-80.59
|
-460.72
|
-132.65
|
-194.31
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Margin
-72.66
--
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
-72.66
|
-91.45
|
-464.99
|
-173.61
|
-211.94
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
45.69
--
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
45.69
|
0.45
|
-0.32
|
0.25
|
-0.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Growth
76.90
--
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
76.90
|
74.63
|
-136.58
|
14.63
|
-65.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Profit Growth
74.14
--
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
74.14
|
71.47
|
-82.45
|
-2.43
|
-51.66
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EPS Growth
74.08
--
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
74.08
|
0.71
|
-0.82
|
-0.02
|
-0.51
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Book Value Growth
-12.57
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
-12.57
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
--
|
0.04
|
0.04
|
0.02
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.01
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
0.01
|
0.01
|
0.00
|
0.00
|
0.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
11.19
--
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
11.19
|
9.86
|
9.25
|
12.25
|
14.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Quick Ratio
10.36
--
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
10.36
|
9.14
|
8.50
|
11.60
|
13.26
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Interest Coverage
-42.70
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
-42.70
|
-42.05
|
-149.70
|
-111.86
|
-130.93
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
19.33
--
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
19.33
|
23.89
|
45.87
|
57.21
|
47.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Asset Turnover
0.14
--
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
0.14
|
0.14
|
0.08
|
0.09
|
0.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
--
|
101.37
|
237.14
|
173.33
|
189.46
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
--
|
185.21
|
203.68
|
152.81
|
210.12
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
--
|
44.93
|
51.82
|
50.24
|
65.46
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
--
|
241.65
|
389.00
|
275.90
|
334.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
--
|
-8.01
|
-1.53
|
-6.22
|
-8.24
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Price / Book Value
1.26
--
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
1.26
|
1.26
|
0.74
|
1.12
|
1.23
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
-4.56
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
-4.56
|
-3.00
|
0.28
|
-3.03
|
-3.64
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
678
--
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Ballard Power Systems (BLDP)
|
678
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|