BLDP vs NEWH vs HY Stock Comparison

Ballard Power Systems, NewHydrogen and Hyster-Yale Prices as of Oct 28, 2026 Peers: Industry group
NEWH NewHydrogen, Inc.
$0.02 0.0% 1M -33.3% 1Y
Market cap
$16.41M
P/E
–
Revenue (TTM)
—
Div. yield
–
Hydrogen Energy
1 win
HY Hyster-Yale, Inc.
$29.33 -8.0% 1M -20.1% 1Y
Market cap
$525.47M
P/E
–
Revenue (TTM)
$3.51B
Div. yield
4.91%
Industrial Machinery Industrials
4 wins

Head to Head

7 decided of 12

Hyster-Yale leads on 4 of the 12 questions below (Hyster-Yale 4, Ballard Power Systems 2, NewHydrogen 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBLDPNEWHHYLeader
Larger companyMarket capitalisation $487.27M $16.41M $525.47M HY
Cheaper on earningsLower P/E, profitable companies only -6.1x -4.2x -4.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +46.4% — -11.1% BLDP
More profitableNet margin, trailing twelve months -75.7% — -3.3% HY
Better return on capitalReturn on invested capital — — -8.9% –
Less leveragedLower net debt / EBITDA — — -14.3x –
Higher dividend yieldTrailing dividend yield — — 4.91% –
Better 1-year returnPrice return, last 12 months -52.9% -33.3% -20.1% HY
Better 5-year returnAnnualised price return, 5 years -38.3%/yr 0.0%/yr -9.4%/yr NEWH
Less volatileAnnualised volatility, 1 year 73.6% 272.5% 51.6% HY
Higher overall scoreMean of the five percentile scores vs peers 67/100 13/100 32/100 BLDP

Percentile Scorecard

BLDPNEWHHY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBLDPNEWHHY
Valuation 60 #25 of 61 10 #10 of 11 66 #69 of 203
Growth 81 #12 of 58 10 #10 of 11 3 #183 of 188
Profitability 48 #29 of 55 – 26 #137 of 184
Financial Health 80 #15 of 71 20 #9 of 11 11 #193 of 217
Shareholder Returns – – 52 #74 of 153
Overall 67 13 32
  • BLDP ranked among 71 companies in Clean Energy Equipment
  • NEWH ranked among 11 companies in Renewable Fuels
  • HY ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBLDPNEWHHYSPY
1 month -21.4%0.0%-8.0% +0.9%
3 months -35.2%0.0%-8.6% +5.9%
6 months -51.2%-50.0%-23.5% +8.5%
Year to date -36.2%0.0%-1.3% +13.3%
1 year -52.9%-33.3%-20.1% +12.4%
3 years -48.7%+100.0%-24.7% +88.1%
3 years, per year -20.0%+26.0%-9.0% +23.5%
5 years -91.1%0.0%-38.9% +68.2%
5 years, per year -38.3%0.0%-9.4% +11.0%
10 years -21.0%-75.0%-48.8% +263.4%
10 years, per year -2.3%-12.9%-6.5% +13.8%

Risk

MeasureBLDPNEWHHYSPY
Volatility, 1Y 73.6%272.5%51.6% 12.7%
Downside volatility, 1Y 68.9%882.2%49.6% 12.7%
Beta vs S&P 500, 1Y 2.78-0.051.58 1.00
Return / volatility, 1Y -0.72-0.12-0.39 0.98
Max drawdown, 5Y -94.7%-83.3%-67.6% -25.4%
From 52-week high -74.6%-50.0%-27.7% -0.9%
52-week high $6.38$0.04$40.56 $779.14
52-week low $1.43$0.01$26.49 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBLDPNEWHHY
P/E now vs peer median -6.1xmedian 29.4x -4.2xmedian 10.6x -4.5xmedian 25.4x
P/S now vs peer median 4.6xmedian 2.6x —median 1.2x 0.1xmedian 1.9x
EV/EBITDA now vs peer median 1.5xmedian 18.4x -4.2xmedian 14.1x -29.4xmedian 14.3x
P/FCF now vs peer median -9.3xmedian 24.4x -6.5xmedian 13.8x 35.5xmedian 21.8x
P/B now vs peer median 0.9xmedian 1.8x -5.0xmedian 1.2x 1.3xmedian 2.2x
PEG now vs peer median -0.37median 1.07 -0.26median 0.19 0.06median 1.41

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBLDPNEWHHY
Revenue $106.16M – $3.51B
Gross profit $17.41M – $539.30M
Operating income -$31.41M -$3.88M -$81.30M
Net income -$77.27M -$3.88M -$116.90M
Free cash flow -$52.66M -$2.54M $14.80M
R&D $42.19M $1.30M –
EPS (diluted) $-0.52 $0.00 $-6.53
Cash & equivalents $502.10M $301.51K –
Total debt – – $500.00M
Shares (diluted) 155.19M 819.51M 17.91M
Enterprise value -$1.60B $13.22M $541.57M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBLDPNEWHHY
P/E -6.1x -4.2x -4.5x
P/FCF -9.3x -6.5x 35.5x
P/Operating cash flow -12.3x -6.5x 6.8x
P/S 4.6x – 0.1x
P/B 0.9x -5.0x 1.3x
P/Tangible book 0.9x -5.0x 1.4x
EV/EBITDA 1.5x -4.2x -29.4x
EV/EBIT 0.6x -4.2x -12.6x
EV/Revenue -0.2x – 0.3x
EV/FCF 0.3x -6.3x 69.3x
EV/Operating cash flow 0.5x -6.3x 13.2x
PEG (3Y EPS CAGR) -0.37 -0.26 0.06

Growth

14 metrics
MetricBLDPNEWHHY
Revenue growth (1Y) 46.4% – -11.1%
Revenue CAGR (3Y) 15.8% – -3.6%
Gross profit growth (1Y) 272.0% – -27.7%
Gross profit CAGR (3Y) 48.9% – -3.8%
Operating income growth (1Y) 81.6% -89.6% -204.0%
Operating income CAGR (3Y) 39.2% 12.2% -41.7%
Net income growth (1Y) 74.0% -89.7% -601.7%
Net income CAGR (3Y) 18.2% 12.2% -73.5%
EPS growth (1Y) 73.0% -66.6% -620.5%
EPS CAGR (3Y) 16.3% 16.5% -73.3%
Operating cash flow growth (1Y) -107.5% -41.4% -46.0%
Operating cash flow CAGR (3Y) 13.1% -23.4% -3.1%
Free cash flow growth (1Y) -110.5% -41.4% -83.7%
Free cash flow CAGR (3Y) 13.0% -23.4% -37.7%

Profitability

14 metrics
MetricBLDPNEWHHY
Gross margin 16.4% – 15.4%
EBITDA margin -11.0% – -1.0%
Operating margin -29.6% – -2.3%
Pretax margin -11.8% – -2.9%
Net margin -75.7% – -3.3%
FCF margin -49.6% – 0.4%
Operating cash flow margin -37.3% – 2.2%
Return on equity -14.0% – -27.7%
Return on assets -12.2% -657.0% -5.9%
Return on invested capital – – -8.9%
Return on capital employed -5.2% -945.4% -8.6%
Asset turnover 0.2x – 1.8x
Cash conversion (OCF / net income) 0.5x 0.7x -0.7x
Stock comp / revenue 18.7% – 0.2%

Financial Health

11 metrics
MetricBLDPNEWHHY
Debt / assets – – 25.9%
Debt / equity – – 1.3x
Net debt / EBITDA – – -14.3x
Debt / FCF – – 33.8x
Liabilities / assets 13.1% 976.5% 79.6%
Equity / assets 86.9% -876.5% 20.4%
Interest coverage -36.4x – -2.7x
Current ratio 11.2x 2.0x 1.3x
Quick ratio 10.3x 1.7x –
Cash ratio 9.9x 1.7x –
Altman Z-score -0.30 – 2.21

Shareholder Returns

7 metrics
MetricBLDPNEWHHY
Dividend yield – – 4.9%
Net buyback yield – -4.7% -1.6%
Shareholder yield – -4.7% 3.3%
Payout ratio (earnings) – – -22.1%
Payout ratio (FCF) – – 174.3%
Dividend growth (1Y) – – 4.0%
Dividend CAGR (3Y) – – 5.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBLDPNEWHHY
EPS, next fiscal year $-0.18FY2026 – $-3.99FY2026
Revenue, next fiscal year $115.35MFY2026 – $3.26BFY2026
Revenue growth, next FY +17.0%FY2026 – -13.6%FY2026
Revenue growth, the year after +40.4% – +7.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLDPNEWHHY
Held by institutions 34.7% – 48.6%
Institutions holding 170 – 153
Change in shares held, QoQ +16.3% – +2.6%
Institutions buying 101 – 88
Institutions selling 40 – 41
Buyers to sellers 2.53 – 2.15

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BLDPNEWHHY
BLDP 1.00 0.04 0.29
NEWH 0.04 1.00 -0.17
HY 0.29 -0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BLDP, NEWH and HY?

Hyster-Yale (HY) is the largest by market capitalisation: Ballard Power Systems (BLDP) $487.27M, NewHydrogen (NEWH) $16.41M, Hyster-Yale (HY) $525.47M.

Which company is growing faster?

Ballard Power Systems (BLDP) grew revenue fastest over the trailing twelve months: Ballard Power Systems (BLDP) +46.4%, Hyster-Yale (HY) -11.1%.

Which company is more profitable?

Hyster-Yale (HY) has the highest net margin (Ballard Power Systems (BLDP) -75.7%, Hyster-Yale (HY) -3.3%).

Which stock has performed better?

Over the past year Hyster-Yale (HY) returned the most: Ballard Power Systems (BLDP) -52.9%, NewHydrogen (NEWH) -33.3%, Hyster-Yale (HY) -20.1%. Over five years, NewHydrogen (NEWH) compounded fastest (Ballard Power Systems (BLDP) -38.3%/yr, NewHydrogen (NEWH) 0.0%/yr, Hyster-Yale (HY) -9.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Hyster-Yale (HY) 4.91%. Ballard Power Systems (BLDP) and NewHydrogen (NEWH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Hyster-Yale (HY) has been the steadiest (Ballard Power Systems (BLDP) 73.6%, NewHydrogen (NEWH) 272.5%, Hyster-Yale (HY) 51.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BLDP, NEWH and HY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hyster-Yale (HY) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.