Ballard Power Systems (BLDP) EBITDA Margin (2009 - 2025)
Ballard Power Systems' (BLDP) quarterly EBITDA Margin came in at 34.48% in Q4 2025, down 11233.0% year-on-year from N/an in Q4 2024, and down 93.56% on a QoQ basis from 535.16% in Q3 2025.
Ballard Power Systems (BLDP) EBITDA Margin (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 17 years of EBITDA Margin data on file, last reported at 34.48% in Q4 2025.
- On a quarterly basis, EBITDA Margin fell 11233.0% year-over-year to 34.48% in Q4 2025; TTM through Dec 2025 was 124.05%, a 20495.0% decrease from a year earlier, with the FY2025 full-year figure at 101.57%, down 13955.0% from the prior year.
- EBITDA Margin for Q4 2025 stood at 34.48%, down from 535.16% in the prior quarter.
- Over the last five years, EBITDA Margin for BLDP reached as high as 18465.22% in Q4 2021 and fell as low as 293.9% in Q1 2024.
- Historically, EBITDA Margin has averaged 1093.6% across 5 years, with a median of 155.64% in 2022.
- Across the five-year window, EBITDA Margin surged 1860144 bps in 2021 and sank 1821502 bps in 2022, its largest moves.
- Year by year, EBITDA Margin stood at 18465.22% in 2021, then tumbled by 99 bps to 250.19% in 2022, then jumped by 44 bps to 359.64% in 2023, then plunged by 59 bps to 146.82% in 2024, then plunged by 77 bps to 34.48% in 2025.
- Per Business Quant data, the three most recent EBITDA Margin figures were 34.48% in Q4 2025, 535.16% in Q3 2025, and 186.08% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA 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 | 34.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 34.48% |
| Sep 30, 2025 | 535.16% |
| Jun 30, 2025 | -186.08% |
| Mar 31, 2025 | -188.84% |
| Dec 31, 2024 | 146.82% |
| Sep 30, 2024 | 1,358.86% |
| Jun 30, 2024 | 221.06% |
| Mar 31, 2024 | -293.90% |
| Dec 31, 2023 | 359.64% |
| Sep 30, 2023 | 133.78% |
| Jun 30, 2023 | 223.44% |
| Mar 31, 2023 | 289.06% |
| Dec 31, 2022 | 250.19% |
| Sep 30, 2022 | 164.46% |
| Jun 30, 2022 | 167.21% |
| Mar 31, 2022 | 130.89% |
| Dec 31, 2021 | 18,465.22% |
| Sep 30, 2021 | -97.58% |
| Jun 30, 2021 | 78.92% |
| Mar 31, 2021 | 79.30% |