Ballard Power Systems (BLDP) EBIT Margin (2009 - 2026)
Ballard Power Systems (BLDP) recorded EBIT Margin of -81.77% in the quarter ended Jun 30, 2026, up 104.31 percentage points from -186.08% a year earlier but down 11.49 percentage points from the prior quarter.
Ballard Power Systems (BLDP) EBIT Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Ballard Power Systems' EBIT Margin came in at -67.53% as of Jun 30, 2026, up 72.38 percentage points year-over-year; for the year ended Dec 31, 2025, it was -104.11%, up 158.75 percentage points from the prior year.
- Annual EBIT Margin has a five-year change of -65.84 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, EBIT Margin came in at -262.87% in the year ended Dec 31, 2024 (-103.73 pp), -159.14% in the year ended Dec 31, 2023 (+18.40 pp), -177.53% in the year ended Dec 31, 2022 (-93.23 pp) and -84.31% in the year ended Dec 31, 2021 (-46.03 pp).
- Quarterly EBIT Margin has ranged from -427.51% in the quarter ended Sep 30, 2024 to 167.27% in the quarter ended Sep 30, 2022 over the past five years.
- On a year-over-year basis, EBIT Margin rose in six of the last eight quarters, with an average year-over-year change of +47.00 percentage points.
- Peak year-over-year performance for EBIT Margin in the last five years was a gain of 335.40 percentage points in the quarter ended Sep 30, 2025, against a drop of 4556.67 percentage points in the quarter ended Dec 31, 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -70.28% (quarter ended Mar 31, 2026), -33.48% (quarter ended Dec 31, 2025) and -92.11% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 245.01 Bn | 204.92 Bn | 2.36 Bn | 5.88% |
| 2 | Bloom Energy | 65.46 Bn | 57.25 Bn | 355.57 Mn | 17.11% |
| 3 | First Solar | 19.00 Bn | 9.95 Bn | 605.00 Mn | 42.64% |
| 4 | BWX Technologies | 12.60 Bn | 10.90 Bn | 202.31 Mn | 12.66% |
| 5 | Nextpower | 12.12 Bn | 8.01 Bn | 335.85 Mn | 20.41% |
| 6 | Generac Holdings | 11.63 Bn | 10.45 Bn | 521.81 Mn | 17.93% |
| 7 | EnerSys | 6.29 Bn | 4.48 Bn | 313.36 Mn | 16.18% |
| 8 | Enphase Energy | 4.19 Bn | -664.68 Mn | 175.01 Mn | 17.65% |
| 9 | Mirion Technologies | 3.78 Bn | 1.61 Bn | 133.10 Mn | 6.71% |
| 10 | Ballard Power Systems | 463.74 Mn | -1.62 Bn | 4.08 Mn | -81.77% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -81.77% |
| Mar 31, 2026 | -70.28% |
| Dec 31, 2025 | 86.25% |
| Sep 30, 2025 | -92.11% |
| Jun 30, 2025 | -186.08% |
| Mar 31, 2025 | -188.84% |
| Dec 31, 2024 | -183.19% |
| Sep 30, 2024 | -427.51% |
| Jun 30, 2024 | -258.40% |
| Mar 31, 2024 | -293.90% |
| Dec 31, 2023 | -96.37% |
| Sep 30, 2023 | -138.78% |
| Jun 30, 2023 | -161.19% |
| Mar 31, 2023 | -313.01% |
| Dec 31, 2022 | -185.04% |
| Sep 30, 2022 | -182.72% |
| Jun 30, 2022 | -194.27% |
| Mar 31, 2022 | -145.00% |
| Dec 31, 2021 | -110.30% |
| Sep 30, 2021 | -97.58% |
Ballard Power Systems EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "BLDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();