Ballard Power Systems (BLDP) EBITDA Margin (2009 - 2026)
Ballard Power Systems' (BLDP) quarterly EBITDA Margin came in at 282.43% in Q2 2026, down 9635.0% year-over-year from 2.96% in Q2 2025, and down 439.08% quarter-over-quarter from 83.29% in Q1 2026.
Analysis
Ballard Power Systems (BLDP) EBITDA Margin (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported EBITDA Margin for 18 consecutive years, with 282.43% the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA Margin fell 9635.0% year-over-year to 282.43% in Q2 2026; TTM through Jun 2026 was 44.77%, a 16983.0% increase from a year earlier, with the FY2025 full-year figure at 101.57%, down 13955.0% from the prior year.
- EBITDA Margin was 282.43% for Q2 2026 at Ballard Power Systems, down from 83.29% in the prior quarter.
- Over five years, EBITDA Margin peaked at 289.06% in Q1 2023 and troughed at 886.86% in Q3 2024.
- A 5-year average of 22.4% and a median of 88.79% in 2023 frame the typical range for EBITDA Margin.
- Across the five-year window, EBITDA Margin surged 1821502 bps in 2022 and plunged 102070 bps in 2024, its largest moves.
- Over 5 years, EBITDA Margin stood at 250.19% in 2022, then jumped by 138 bps to 94.29% in 2023, then jumped by 56 bps to 146.84% in 2024, then tumbled by 51 bps to 72.57% in 2025, then tumbled by 489 bps to 282.43% in 2026.
- The last three EBITDA Margin figures came in at 282.43% (Q2 2026), 83.29% (Q1 2026), and 72.57% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 77.62 Bn | 74.95 Bn | 355.57 Mn | 17.11% |
| 2 | Fuelcell Energy | 35.19 Bn | 34.53 Bn | -24.50 Mn | -141.39% |
| 3 | Ballard Power Systems | 706.87 Mn | 201.72 Mn | 4.08 Mn | -282.43% |
| 4 | Sunhydrogen | 93.29 Mn | 93.29 Mn | -45,724.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -282.43% |
| Mar 31, 2026 | 83.29% |
| Dec 31, 2025 | 72.57% |
| Sep 30, 2025 | -92.11% |
| Jun 30, 2025 | -186.08% |
| Mar 31, 2025 | -178.91% |
| Dec 31, 2024 | 146.84% |
| Sep 30, 2024 | -886.86% |
| Jun 30, 2024 | 221.06% |
| Mar 31, 2024 | -253.54% |
| Dec 31, 2023 | 94.29% |
| Sep 30, 2023 | 133.84% |
| Jun 30, 2023 | 223.44% |
| Mar 31, 2023 | 289.06% |
| Dec 31, 2022 | -250.19% |
| Sep 30, 2022 | 164.47% |
| Jun 30, 2022 | 167.21% |
| Mar 31, 2022 | 130.89% |
| Dec 31, 2021 | -18,465.22% |
| Sep 30, 2021 | 91.51% |