Ballard Power Systems (BLDP) Capital Expenditures (2009 - 2025)
Ballard Power Systems (BLDP) posted quarterly Capital Expenditures of $15.9 million for Q4 2025, down 65.51% year-over-year from $46.1 million in Q4 2024, and up 1238.65% quarter-over-quarter from -$1.4 million in Q3 2025.
Ballard Power Systems (BLDP) Capital Expenditures (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has reported Capital Expenditures for 17 consecutive years, with $15.9 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Capital Expenditures fell 65.51% year-over-year to $15.9 million; the TTM figure through Dec 2025 stood at $9.8 million (down 61.92% YoY), while the FY2025 annual figure was $9.8 million, down 61.92% from the prior year.
- Capital Expenditures advanced to $15.9 million in Q4 2025 per BLDP's latest filing, from -$1.4 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $75.1 million in Q4 2023 and bottomed at -$15.3 million in Q2 2023.
- Historically, Capital Expenditures has averaged $4.9 million across 5 years, with a median of -$3.0 million in 2021.
- On a YoY basis, Capital Expenditures climbed as much as 1137.46% in 2022 and fell as far as 266.18% in 2022.
- Ballard Power Systems' Capital Expenditures stood at -$5.1 million in 2021, then soared by 1137.46% to $53.2 million in 2022, then jumped by 41.21% to $75.1 million in 2023, then sank by 38.57% to $46.1 million in 2024, then plunged by 65.51% to $15.9 million in 2025.
- Business Quant data shows BLDP's Capital Expenditures at $15.9 million in Q4 2025, -$1.4 million in Q3 2025, and -$2.2 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 99.72 Bn | 96.61 Bn | 1.23 Bn | 173.30 Mn |
| 2 | Bloom Energy | 56.44 Bn | 53.77 Bn | 355.57 Mn | 70.46 Mn |
| 3 | Hubbell | 24.93 Bn | 24.53 Bn | 613.00 Mn | 37.00 Mn |
| 4 | nVent Electric | 24.73 Bn | 24.48 Bn | 558.00 Mn | 21.50 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 49.50 Mn |
| 6 | Acuity Inc. (De) | 10.33 Bn | 9.92 Bn | 606.40 Mn | 16.70 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.59 Bn | 95.30 Mn | 6.53 Mn |
| 8 | EnerSys | 6.91 Bn | 6.38 Bn | 313.36 Mn | 12.42 Mn |
| 9 | Plug Power | 3.23 Bn | 2.91 Bn | -1.68 Mn | 4.00 Mn |
| 10 | Ballard Power Systems | 728.09 Mn | 222.94 Mn | 4.08 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 15.91 Mn |
| Dec 31, 2025 | 15.91 Mn |
| Sep 30, 2025 | -1.40 Mn |
| Sep 30, 2025 | -1.40 Mn |
| Jun 30, 2025 | -2.24 Mn |
| Jun 30, 2025 | -2.24 Mn |
| Mar 31, 2025 | -2.43 Mn |
| Mar 31, 2025 | -2.43 Mn |
| Dec 31, 2024 | 46.12 Mn |
| Dec 31, 2024 | 46.12 Mn |
| Sep 30, 2024 | -11.09 Mn |
| Sep 30, 2024 | -11.09 Mn |
| Jun 30, 2024 | -1.89 Mn |
| Jun 30, 2024 | -1.89 Mn |
| Mar 31, 2024 | -7.29 Mn |
| Mar 31, 2024 | -7.29 Mn |
| Dec 31, 2023 | 75.08 Mn |
| Dec 31, 2023 | 75.08 Mn |
| Sep 30, 2023 | -6.93 Mn |
| Sep 30, 2023 | -6.93 Mn |