Ballard Power Systems (BLDP) Change in Inventory (2009 - 2025)
Ballard Power Systems (BLDP) posted quarterly Change in Inventory of $16.2 million for Q4 2025, up 148.1% year-over-year from $6.5 million in Q4 2024, and up 115.98% quarter-over-quarter from $7.5 million in Q3 2025.
Ballard Power Systems (BLDP) Change in Inventory (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has reported Change in Inventory for 17 consecutive years, with $16.2 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Change in Inventory rose 148.1% year-over-year to $16.2 million; the TTM figure through Dec 2025 stood at $10.1 million (up 159.42% YoY), while the FY2025 annual figure was $10.1 million, up 159.42% from the prior year.
- Change in Inventory grew to $16.2 million in Q4 2025 per BLDP's latest filing, from $7.5 million in the prior quarter.
- Across five years, Change in Inventory topped out at $16.2 million in Q4 2025 and bottomed at -$11.6 million in Q3 2021.
- Historically, Change in Inventory has averaged -$1.8 million across 5 years, with a median of -$4.6 million in 2021.
- Annual changes were most pronounced in 2021 — Change in Inventory slumped 805.05% — and 2023, when it jumped 815.46%.
- Ballard Power Systems' Change in Inventory stood at -$1.1 million in 2021, then jumped by 255.61% to $1.6 million in 2022, then surged by 815.46% to $15.0 million in 2023, then plunged by 56.53% to $6.5 million in 2024, then surged by 148.1% to $16.2 million in 2025.
- Business Quant data shows BLDP's Change in Inventory at $16.2 million in Q4 2025, $7.5 million in Q3 2025, and -$4.8 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.99 Bn | 97.88 Bn | 1.23 Bn | 663.80 Mn |
| 2 | Bloom Energy | 57.87 Bn | 55.20 Bn | 355.57 Mn | 26.47 Mn |
| 3 | Hubbell | 24.92 Bn | 24.52 Bn | 613.00 Mn | 18.00 Mn |
| 4 | nVent Electric | 24.80 Bn | 24.55 Bn | 558.00 Mn | 13.40 Mn |
| 5 | Advanced Energy Industries | 11.10 Bn | 9.68 Bn | 236.10 Mn | 79.90 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | -55.60 Mn |
| 7 | Powell Industries | 7.24 Bn | 6.61 Bn | 95.30 Mn | 9.38 Mn |
| 8 | EnerSys | 6.90 Bn | 6.37 Bn | 313.36 Mn | 14.48 Mn |
| 9 | Plug Power | 3.21 Bn | 2.89 Bn | -1.68 Mn | -10.39 Mn |
| 10 | Ballard Power Systems | 725.08 Mn | 219.93 Mn | 4.08 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 16.16 Mn |
| Dec 31, 2025 | 16.16 Mn |
| Sep 30, 2025 | 7.48 Mn |
| Sep 30, 2025 | 7.48 Mn |
| Jun 30, 2025 | -4.83 Mn |
| Jun 30, 2025 | -4.83 Mn |
| Mar 31, 2025 | -8.75 Mn |
| Mar 31, 2025 | -8.75 Mn |
| Dec 31, 2024 | 6.52 Mn |
| Dec 31, 2024 | 6.52 Mn |
| Sep 30, 2024 | -6.55 Mn |
| Sep 30, 2024 | -6.55 Mn |
| Jun 30, 2024 | -6.51 Mn |
| Jun 30, 2024 | -6.51 Mn |
| Mar 31, 2024 | -10.41 Mn |
| Mar 31, 2024 | -10.41 Mn |
| Dec 31, 2023 | 14.99 Mn |
| Dec 31, 2023 | 14.99 Mn |
| Sep 30, 2023 | 2.37 Mn |
| Sep 30, 2023 | 2.37 Mn |