Ballard Power Systems (BLDP) Asset Utilization Ratio (2010 - 2025)

Ballard Power Systems' (BLDP) quarterly Asset Utilization Ratio came in at 0.14 in Q4 2025, up 64.49% year-on-year from 0.09 in Q4 2024, and up 14.33% on a QoQ basis from 0.12 in Q3 2025.

Ballard Power Systems (BLDP) Asset Utilization Ratio (2010 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 16 years of Asset Utilization Ratio data on file, last reported at 0.14 in Q4 2025.

  • On a quarterly basis, Asset Utilization Ratio rose 64.49% year-over-year to 0.14 in Q4 2025; TTM through Dec 2025 was 0.14, a 64.49% increase from a year earlier, with the FY2025 full-year figure at 0.14, up 81.08% from the prior year.
  • Asset Utilization Ratio for Q4 2025 stood at 0.14, up from 0.12 in the prior quarter.
  • Over the last five years, Asset Utilization Ratio for BLDP reached as high as 0.14 in Q4 2025 and fell as low as 0.05 in Q4 2021.
  • Historically, Asset Utilization Ratio has averaged 0.08 across 5 years, with a median of 0.07 in 2021.
  • Across the five-year window, Asset Utilization Ratio slumped 79.05% in 2021 and jumped 75.71% in 2024, its largest moves.
  • Year by year, Asset Utilization Ratio 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 fell by 6.57% to 0.09 in 2024, then surged by 64.49% to 0.14 in 2025.
  • Per Business Quant data, the three most recent Asset Utilization Ratio figures were 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 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 0.69
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 0.85
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 0.54
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 0.72
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 0.63
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 0.74
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 1.00
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 1.00
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 0.93
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn 0.14

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