Ballard Power Systems (BLDP) Common Equity (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Common Equity of $606.8 million for Q3 2025, down 15.66% year-over-year from $719.5 million in Q3 2024, and down 4.58% quarter-over-quarter from $635.9 million in Q2 2025.
Ballard Power Systems (BLDP) Common Equity (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Common Equity for 17 consecutive years, with $606.8 million the latest figure, recorded in Q3 2025.
- In Q3 2025, Common Equity fell 15.66% year-over-year to $606.8 million; the TTM figure through Sep 2025 stood at $606.8 million (down 15.66% YoY), while the FY2024 annual figure was $673.0 million, down 32.1% from the prior year.
- Common Equity eased to $606.8 million in Q3 2025 per BLDP's latest filing, from $635.9 million in the prior quarter.
- Across five years, Common Equity topped out at $1.4 billion in Q1 2021 and bottomed at $606.8 million in Q3 2025.
- Historically, Common Equity has averaged $1.0 billion across 5 years, with a median of $1.1 billion in 2023.
- Annual changes were most pronounced in 2021 — Common Equity surged 387.91% — and 2024, when it sank 32.1%.
- Ballard Power Systems' Common Equity stood at $1.3 billion in 2021, then dropped by 12.75% to $1.2 billion in 2022, then fell by 14.47% to $991.2 million in 2023, then tumbled by 32.1% to $673.0 million in 2024, then decreased by 9.83% to $606.8 million in 2025.
- Business Quant data shows BLDP's Common Equity at $606.8 million in Q3 2025, $635.9 million in Q2 2025, and $653.8 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.26 Bn | 97.14 Bn | 1.23 Bn | 4.76 Bn |
| 2 | Bloom Energy | 57.89 Bn | 55.22 Bn | 355.57 Mn | 1.64 Bn |
| 3 | Hubbell | 24.86 Bn | 24.47 Bn | 613.00 Mn | 3.92 Bn |
| 4 | nVent Electric | 24.79 Bn | 24.53 Bn | 558.00 Mn | 3.99 Bn |
| 5 | Advanced Energy Industries | 11.13 Bn | 9.71 Bn | 236.10 Mn | 1.46 Bn |
| 6 | Acuity Inc. (De) | 10.37 Bn | 9.96 Bn | 606.40 Mn | 2.85 Bn |
| 7 | Powell Industries | 7.20 Bn | 6.56 Bn | 95.30 Mn | 756.18 Mn |
| 8 | EnerSys | 6.91 Bn | 6.38 Bn | 313.36 Mn | 1.97 Bn |
| 9 | Plug Power | 3.19 Bn | 2.87 Bn | -1.68 Mn | 587.29 Mn |
| 10 | Ballard Power Systems | 722.06 Mn | 216.91 Mn | 4.08 Mn | 559.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 559.74 Mn |
| Dec 31, 2025 | 589.93 Mn |
| Sep 30, 2025 | 606.82 Mn |
| Jun 30, 2025 | 635.95 Mn |
| Mar 31, 2025 | 653.82 Mn |
| Dec 31, 2024 | 672.99 Mn |
| Sep 30, 2024 | 719.51 Mn |
| Jun 30, 2024 | 922.13 Mn |
| Mar 31, 2024 | 951.60 Mn |
| Dec 31, 2023 | 991.22 Mn |
| Sep 30, 2023 | 1.04 Bn |
| Jun 30, 2023 | 1.10 Bn |
| Mar 31, 2023 | 1.13 Bn |
| Dec 31, 2022 | 1.16 Bn |
| Sep 30, 2022 | 1.19 Bn |
| Jun 30, 2022 | 1.23 Bn |
| Mar 31, 2022 | 1.29 Bn |
| Dec 31, 2021 | 1.33 Bn |
| Sep 30, 2021 | 1.36 Bn |
| Jun 30, 2021 | 1.39 Bn |