Growth Metrics

Ballard Power Systems (BLDP) EBITDA Margin (2016 - 2025)

Ballard Power Systems has reported EBITDA Margin over the past 17 years, most recently at 34.48% for Q4 2025.

  • Quarterly EBITDA Margin fell 11233.0% to 34.48% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 81.11% through Dec 2025, down 3209.0% year-over-year, with the annual reading at 101.54% for FY2025, 34261.0% down from the prior year.
  • EBITDA Margin was 34.48% for Q4 2025 at Ballard Power Systems, up from 92.11% in the prior quarter.
  • Over five years, EBITDA Margin peaked at 18465.22% in Q4 2021 and troughed at 427.51% in Q3 2024.
  • The 5-year median for EBITDA Margin is 132.36% (2022), against an average of 982.38%.
  • Year-over-year, EBITDA Margin skyrocketed 1860144bps in 2021 and then crashed -1821502bps in 2022.
  • A 5-year view of EBITDA Margin shows it stood at 18465.22% in 2021, then crashed by -99bps to 250.19% in 2022, then skyrocketed by 44bps to 359.64% in 2023, then crashed by -59bps to 146.82% in 2024, then plummeted by -77bps to 34.48% in 2025.
  • Per Business Quant, the three most recent readings for BLDP's EBITDA Margin are 34.48% (Q4 2025), 92.11% (Q3 2025), and 186.08% (Q2 2025).