Ballard Power Systems (BLDP) EBIT Margin (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly EBIT Margin came in at 33.48% in Q4 2025, up 11493.0% year-on-year from N/an in Q4 2024, and up 63.65% on a QoQ basis from 92.11% in Q3 2025.

Ballard Power Systems (BLDP) EBIT Margin (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of EBIT Margin data on file, last reported at 33.48% in Q4 2025.

  • On a quarterly basis, EBIT Margin rose 11493.0% year-over-year to 33.48% in Q4 2025; TTM through Dec 2025 was 104.11%, a 15875.0% increase from a year earlier, with the FY2025 full-year figure at 104.11%, up 15875.0% from the prior year.
  • EBIT Margin for Q4 2025 stood at 33.48%, up from 92.11% in the prior quarter.
  • Over the last five years, EBIT Margin for BLDP reached as high as 33.48% in Q4 2025 and fell as low as 19954.35% in Q4 2021.
  • Historically, EBIT Margin has averaged 1167.96% across 5 years, with a median of 172.3% in 2025.
  • Across the five-year window, EBIT Margin tumbled 1990566 bps in 2021 and surged 1979584 bps in 2022, its largest moves.
  • Year by year, EBIT Margin stood at 19954.35% in 2021, then surged by 99 bps to 158.51% in 2022, then surged by 39 bps to 96.55% in 2023, then tumbled by 54 bps to 148.41% in 2024, then surged by 77 bps to 33.48% in 2025.
  • Per Business Quant data, the three most recent EBIT Margin figures were 33.48% in Q4 2025, 92.11% in Q3 2025, and 186.08% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 Electrovaya 413.55 Bn 413.53 Bn 6.04 Mn 12.10%
2 Vertiv Holdings 109.26 Bn 106.76 Bn 999.70 Mn 16.61%
3 Bloom Energy 53.01 Bn 50.51 Bn 225.54 Mn 9.61%
4 Hubbell 26.33 Bn 25.81 Bn 505.30 Mn 17.39%
5 nVent Electric 24.09 Bn 23.90 Bn 445.60 Mn 15.76%
6 Advanced Energy Industries 10.99 Bn 10.29 Bn 200.90 Mn 13.37%
7 Acuity Inc. (De) 10.14 Bn 9.72 Bn 606.40 Mn 16.14%
8 Powell Industries 8.00 Bn 7.45 Bn 87.94 Mn 19.41%
9 EnerSys 7.11 Bn 6.67 Bn 290.87 Mn 12.52%
10 Ballard Power Systems 865.95 Mn 334.70 Mn 5.64 Mn -33.48%

Historic Data

Download Data
DateValue
Dec 31, 2025 -33.48%
Sep 30, 2025 -92.11%
Jun 30, 2025 -186.08%
Mar 31, 2025 -188.84%
Dec 31, 2024 -148.41%
Sep 30, 2024 -427.51%
Jun 30, 2024 -258.40%
Mar 31, 2024 -293.90%
Dec 31, 2023 -96.55%
Sep 30, 2023 -138.78%
Jun 30, 2023 -253.09%
Mar 31, 2023 -313.01%
Dec 31, 2022 -158.51%
Sep 30, 2022 -209.72%
Jun 30, 2022 -194.27%
Mar 31, 2022 -145.00%
Dec 31, 2021 -19,954.35%
Sep 30, 2021 -97.58%
Jun 30, 2021 -82.58%
Mar 31, 2021 -87.09%