Ballard Power Systems (BLDP) EBIT (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly EBIT of $5.4 million for Q4 2025, down 77.41% year-over-year from $23.9 million in Q4 2024, and up 118.04% quarter-over-quarter from -$29.9 million in Q3 2025.
Ballard Power Systems (BLDP) EBIT (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported EBIT for 17 consecutive years, with $5.4 million the latest figure, recorded in Q4 2025.
- In Q4 2025, EBIT fell 77.41% year-over-year to $5.4 million; the TTM figure through Dec 2025 stood at -$86.8 million (up 29.44% YoY), while the FY2025 annual figure was $74.2 million, down 34.51% from the prior year.
- EBIT rose to $5.4 million in Q4 2025 per BLDP's latest filing, from -$29.9 million in the prior quarter.
- Across five years, EBIT topped out at $113.3 million in Q4 2023 and bottomed at -$63.1 million in Q3 2024.
- Historically, EBIT has averaged -$13.6 million across 5 years, with a median of -$29.2 million in 2022.
- Annual changes were most pronounced in 2022 — EBIT slumped 386.37% — and 2023, when it jumped 485.57%.
- Ballard Power Systems' EBIT stood at -$27.5 million in 2021, then decreased by 6.71% to -$29.4 million in 2022, then surged by 485.57% to $113.3 million in 2023, then slumped by 78.91% to $23.9 million in 2024, then sank by 77.41% to $5.4 million in 2025.
- Business Quant data shows BLDP's EBIT at $5.4 million in Q4 2025, -$29.9 million in Q3 2025, and -$33.2 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 637.90 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 182.24 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 300.70 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 348.60 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 95.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 193.30 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 64.08 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 151.41 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 76.00 Mn |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn | -16.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -16.84 Mn |
| Dec 31, 2025 | 5.40 Mn |
| Sep 30, 2025 | -29.94 Mn |
| Jun 30, 2025 | -33.20 Mn |
| Mar 31, 2025 | -29.06 Mn |
| Dec 31, 2024 | 23.90 Mn |
| Sep 30, 2024 | -63.08 Mn |
| Jun 30, 2024 | -41.35 Mn |
| Mar 31, 2024 | -42.48 Mn |
| Dec 31, 2023 | 113.30 Mn |
| Sep 30, 2023 | -37.56 Mn |
| Jun 30, 2023 | 21.60 Mn |
| Mar 31, 2023 | -41.45 Mn |
| Dec 31, 2022 | -29.39 Mn |
| Sep 30, 2022 | 35.70 Mn |
| Jun 30, 2022 | -40.66 Mn |
| Mar 31, 2022 | -30.52 Mn |
| Dec 31, 2021 | -27.54 Mn |
| Sep 30, 2021 | -24.61 Mn |
| Jun 30, 2021 | 14.20 Mn |