Ballard Power Systems (BLDP) Assets Average (2010 - 2025)

Ballard Power Systems' (BLDP) quarterly Assets Average came in at $696.4 million in Q4 2025, down 13.36% year-on-year from $803.9 million in Q4 2024, and down 3.7% on a QoQ basis from $723.2 million in Q3 2025.

Ballard Power Systems (BLDP) Assets Average (2010 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 16 years of Assets Average data on file, last reported at $696.4 million in Q4 2025.

  • On a quarterly basis, Assets Average fell 13.36% year-over-year to $696.4 million in Q4 2025; TTM through Dec 2025 was $696.4 million, a 13.36% decrease from a year earlier, with the FY2025 full-year figure at $729.8 million, down 21.3% from the prior year.
  • Assets Average for Q4 2025 stood at $696.4 million, down from $723.2 million in the prior quarter.
  • Over the last five years, Assets Average for BLDP reached as high as $1.5 billion in Q2 2021 and fell as low as $696.4 million in Q4 2025.
  • Historically, Assets Average has averaged $1.1 billion across 5 years, with a median of $1.2 billion in 2023.
  • Across the five-year window, Assets Average jumped 298.0% in 2021 and declined 27.95% in 2025, its largest moves.
  • Year by year, Assets Average stood at $1.4 billion in 2021, then decreased by 12.19% to $1.3 billion in 2022, then dropped by 13.02% to $1.1 billion in 2023, then declined by 27.1% to $803.9 million in 2024, then declined by 13.36% to $696.4 million in 2025.
  • Per Business Quant data, the three most recent Assets Average figures were $696.4 million in Q4 2025, $723.2 million in Q3 2025, and $746.2 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Assets Avg. (Qtr)
1 Electrovaya 413.55 Bn 413.53 Bn 6.04 Mn 102.99 Mn
2 Vertiv Holdings 109.26 Bn 106.76 Bn 999.70 Mn 12.81 Bn
3 Bloom Energy 53.01 Bn 50.51 Bn 225.54 Mn 4.53 Bn
4 Hubbell 26.33 Bn 25.81 Bn 505.30 Mn 8.32 Bn
5 nVent Electric 24.09 Bn 23.90 Bn 445.60 Mn 6.91 Bn
6 Advanced Energy Industries 10.99 Bn 10.29 Bn 200.90 Mn 2.57 Bn
7 Acuity Inc. (De) 10.14 Bn 9.72 Bn 606.40 Mn 4.60 Bn
8 Powell Industries 8.00 Bn 7.45 Bn 87.94 Mn 1.14 Bn
9 EnerSys 7.11 Bn 6.67 Bn 290.87 Mn 4.03 Bn
10 Ballard Power Systems 865.95 Mn 334.70 Mn 5.64 Mn 696.43 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 696.43 Mn
Sep 30, 2025 723.16 Mn
Jun 30, 2025 746.23 Mn
Mar 31, 2025 766.96 Mn
Dec 31, 2024 803.85 Mn
Sep 30, 2024 925.75 Mn
Jun 30, 2024 1.04 Bn
Mar 31, 2024 1.06 Bn
Dec 31, 2023 1.10 Bn
Sep 30, 2023 1.15 Bn
Jun 30, 2023 1.19 Bn
Mar 31, 2023 1.23 Bn
Dec 31, 2022 1.27 Bn
Sep 30, 2022 1.31 Bn
Jun 30, 2022 1.36 Bn
Mar 31, 2022 1.42 Bn
Dec 31, 2021 1.44 Bn
Sep 30, 2021 1.46 Bn
Jun 30, 2021 1.48 Bn
Mar 31, 2021 1.23 Bn