Ballard Power Systems (BLDP) Asset Utilization Ratio (2009 - 2025)

Ballard Power Systems (BLDP) reported Asset Utilization Ratio of 0.14 for Q4 2025, up 64.49% year-over-year from 0.09 in Q4 2024, and up 14.33% quarter-over-quarter from 0.12 in Q3 2025.

Ballard Power Systems (BLDP) Asset Utilization Ratio (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Asset Utilization Ratio data on file, last reported at 0.14 in Q4 2025.

  • Asset Utilization Ratio for Q4 2025 came in at 0.14, up 64.49% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.14 (up 64.49% YoY), and the FY2025 annual result was 0.14, up 81.08% from the prior year.
  • Asset Utilization Ratio rose to 0.14 in Q4 2025 per BLDP's latest filing, from 0.12 in the prior quarter.
  • Over five years, Asset Utilization Ratio peaked at 0.14 in Q4 2025 and troughed at 0.05 in Q4 2021.
  • A 5-year average of 0.08 and a median of 0.07 in 2021 frame the typical range for Asset Utilization Ratio.
  • The sharpest annual moves came in 2021 and 2024: Asset Utilization Ratio plunged 79.05% in 2021, then soared 75.71% in 2024.
  • A 5-year view of Asset Utilization Ratio shows it stood at 0.05 in 2021, then soared by 37.22% to 0.06 in 2022, then surged by 43.78% to 0.09 in 2023, then slipped by 6.57% to 0.09 in 2024, then surged by 64.49% to 0.14 in 2025.
  • Business Quant data shows BLDP's Asset Utilization Ratio at 0.14 in Q4 2025, 0.12 in Q3 2025, and 0.1 in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - -
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 0.85
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 0.54
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 0.63
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 0.72
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 0.74
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn 0.14
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 1.00
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 1.00
10 EnerSys 8.48 Bn 8.04 Bn 290.87 Mn 0.93

Historic Data

Download Data
DateValue
Dec 31, 2025 0.14
Sep 30, 2025 0.12
Jun 30, 2025 0.10
Mar 31, 2025 0.09
Dec 31, 2024 0.09
Sep 30, 2024 0.10
Jun 30, 2024 0.10
Mar 31, 2024 0.10
Dec 31, 2023 0.09
Sep 30, 2023 0.06
Jun 30, 2023 0.06
Mar 31, 2023 0.06
Dec 31, 2022 0.06
Sep 30, 2022 0.05
Jun 30, 2022 0.05
Mar 31, 2022 0.05
Dec 31, 2021 0.05
Sep 30, 2021 0.07
Jun 30, 2021 0.07
Mar 31, 2021 0.08