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| Date | Value |
|---|---|
| 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 |