Ballard Power Systems (BLDP) EBIT Margin (2009 - 2025)
Ballard Power Systems (BLDP) reported EBIT Margin of 33.48% for Q4 2025, up 11493.0% year-over-year from N/an in Q4 2024, and up 63.65% quarter-over-quarter 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.
- EBIT Margin for Q4 2025 came in at 33.48%, up 11493.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 104.11% (up 15875.0% YoY), and the FY2025 annual result was 104.11%, up 15875.0% from the prior year.
- EBIT Margin improved to 33.48% in Q4 2025 per BLDP's latest filing, from 92.11% in the prior quarter.
- Over five years, EBIT Margin peaked at 33.48% in Q4 2025 and troughed at 19954.35% in Q4 2021.
- A 5-year average of 1167.96% and a median of 172.3% in 2025 frame the typical range for EBIT Margin.
- The sharpest annual moves came in 2021 and 2022: EBIT Margin sank 1990566 bps in 2021, then jumped 1979584 bps in 2022.
- A 5-year view of EBIT Margin shows it 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 slumped by 54 bps to 148.41% in 2024, then surged by 77 bps to 33.48% in 2025.
- Business Quant data shows BLDP's EBIT Margin at 33.48% in Q4 2025, 92.11% in Q3 2025, and 186.08% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 16.61% |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 9.61% |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 15.76% |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 17.39% |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 13.37% |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | -33.48% |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 19.41% |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 12.60% |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn | 12.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |