Ballard Power Systems Inc.

Ballard Power Systems Inc.

BLDP
Ballard Power Systems Inc.US flagNASDAQ Global Market
3.10
USD
+0.14
- -
934.58MMarket Cap
Ballard Power Systems Inc.
BLDP
(NASDAQ Global Market)

Recent

price

3.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.77
0.66
0.5
0.61
0.54
0.4
0.52
0.69
0.52
0.45
0.42
0.35
0.27
0.34
0.23
0.33
0.35
Revenue per Share
-0.37
-0.4
-0.48
-0.2
-0.22
-0.05
-0.13
-0.05
-0.15
-0.17
-0.21
-0.39
-0.58
-0.6
-1.08
-0.3
-0.27
Basic EPS, GAAP
-0.39
-0.44
-0.33
-0.18
-0.2
-0.21
-0.07
-0.09
-0.22
-0.12
-0.22
-0.32
-0.56
-0.49
-0.45
-0.22
-0.16
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-1.89
-2.29
-2.61
-2.25
-1.62
-1.28
-1.05
-0.97
-0.05
-0.18
2.45
3.48
2.87
2.3
1.23
0.93
0.91
Book Value per Share
0.93
0.5
0.2
0.31
0.15
0.39
0.38
0.35
1.26
0.88
3.45
4.21
3.64
3.18
2.24
1.95
1.94
Tangible Book Value per Share
84
84
88
100
127
140
163
176
186
233
248
295
299
299
299
303
298
Basic Weighted Avg Shares
65
56
44
61
69
56
85
121
97
106
104
105
82
102
70
99
103
Sales/Revenue/Turnover
-65.38
-67.46
-71.85
-30.21
-31.67
-42.96
-18.5
-3.28
-20.91
-22.28
-39.36
-83.94
-173.49
-155.54
-220.12
-80.28
-61.9
Operating Margin (%)
9
6
6
6
6
4
5
5
5
8
8
10
14
14
12
4
4
Depreciation Expense
-32
-33
-42
-20
-28
-7
-22
-8
-27
-39
-51
-114
-173
-178
-324
-91
-81
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-48.5
-59.92
-97.01
-32.59
-40.55
-11.64
-25.43
-6.64
-28.29
-36.94
-49.46
-109.31
-211.94
-173.61
-464.99
-91.49
-78.6
Profit Margin (%)
64
37
21
34
26
57
65
63
214
165
802
1,146
955
794
623
540
529
Working Capital
13
15
13
11
9
7
6
6
5
17
15
14
12
13
21
19
17
LT Debt
130
92
58
70
79
112
122
120
283
250
901
1,328
1,159
991
673
590
578
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-13.95
-18.38
-22.96
-61.41
-28
-26.2
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3
3
3
LT Borrowings
- -
- -
- -
LT Finance Leases
19
19
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
301
301
301
Market Capitalization
816
757
722

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
623
601
584
Cash, Cash Equivalents & STI
528
531
521
Accounts Receivable, Net
28
21
13
Inventories
60
44
44
Total Current Liabilities
75
61
55
Payables & Accruals
28
24
22
ST Debt
3
3
3
Deferred Revenue
11
8
7

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
36.76%
-4.85%
-12.34%
Free Cash Flow
28.45%
15.03%
-51.11%
Net Income, GAAP
66.81%
37.43%
-71.96%
Sales/Revenue/Turnover
9.52%
2.92%
42.5%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14
16
15
25
70
2025
15
18
33
34
99
2026
19
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.14
-0.11
-0.68
- -
-1.08
2025
-0.07
-0.08
-0.09
-0.06
-0.3
2026
-0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Ballard Power Systems Inc. specializes in the engineering, production, commercialization, and support of proton exchange membrane (PEM) fuel cell products. The company's innovative clean energy solutions are primarily directed towards heavy-duty motive applications, encompassing buses, commercial trucks, rail transport, and marine vessels. Additionally, Ballard caters to material handling equipment, such as forklifts, and offers backup power systems for critical infrastructure. Beyond manufacturing, Ballard provides comprehensive technology solutions, including engineering services, technology transfer, and licensing its extensive intellectual property and foundational knowledge across various PEM fuel cell applications. The company also delivers integrated hydrogen fuel cell powertrain and vehicle systems integration expertise. With a global footprint, Ballard Power Systems maintains operations and serves markets across North America, Europe, and Asia, including Canada, the United States, Germany, China, and more. Recent strategic collaborations include a long-term supply agreement with NFI Group for fuel cell-powered buses in North America, and a partnership with Canadian Pacific Kansas City to supply fuel cell engines for freight rail. The company has also made a strategic investment in Quantron AG to accelerate fuel cell truck adoption in Europe and the US, and partnered with Vertiv for backup power solutions in data centers. Established in 1979 as Ballard Research Inc. with an initial focus on high-energy lithium batteries, the company pivoted to PEM fuel cell technology in 1983 and is headquartered in Burnaby, British Columbia, Canada. Ballard has made significant strides in cost reduction and is targeting positive cash flow by the end of 2027, driven by strong growth in its bus and rail segments, which significantly boosted Q3 2025 revenue.

Company News

APIChatGPT
  • Are Utilities Stocks Lagging Ballard Power Systems (BLDP) This Year?

  • Down 26.3% in 4 Weeks, Here's Why Ballard (BLDP) Looks Ripe for a Turnaround

  • Ballard Announces Q2 2026 Results Conference Call

  • Ballard Announces Q2 2026 Results Conference Call

  • Bloom Energy vs. Ballard Power: Which Hydrogen Stock Should You Buy?

  • BALLARD GIBT DIE ÜBERNAHME DES BRITISCHEN UNTERNEHMENS GEOPURA BEKANNT, WAS DAS ZUKÜNFTIGE WACHSTUM ANKURBELT UND BALLARD ZU EINEM INTEGRIERTEN ANBIETER VON WASSERSTOFF-ÖKOSYSTEMEN MACHT

  • Ballard Power Systems Inc. (BLDP:CA) M&A Call Transcript

  • BALLARD ANNOUNCES ACQUISITION OF UK-BASED GEOPURA, POWERING FUTURE GROWTH AND TRANSFORMING BALLARD INTO AN INTEGRATED HYDROGEN ECOSYSTEM PROVIDER

  • Ballard announces order for 15 MW in the stationary power market

  • Ballard announces order for 15 MW in the stationary power market

  • Ballard Power announces results of 2026 Annual General Meeting of Shareholders

  • Ballard Power announces results of 2026 Annual General Meeting of Shareholders

  • Ballard Power announces results of 2026 Annual General Meeting of Shareholders

  • Ballard Power Systems Inc. (BLDP:CA) Shareholder/Analyst Call Prepared Remarks Transcript

  • Ballard Power: Strong Momentum, But AI Data Center Enthusiasm Seems Misplaced - Hold

  • Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc.

  • Ballard Announces Resignation of Weichai's Nominee Directors and Sale of Weichai's Shares

  • Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc

  • Is Ballard Power Systems (BLDP) Stock Outpacing Its Utilities Peers This Year?

  • Ballard Power: I See Progress, Not A Buyable Inflection Point