Ballard Power Systems BLDP
NASDAQ BLDP
$2.36 -0.01 (-0.42%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%