Ballard Power Systems (BLDP) EBITDA Margin (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly EBITDA Margin of 34.48% for Q4 2025, down 11233.0% year-over-year from N/an in Q4 2024, and down 93.56% quarter-over-quarter from 535.16% in Q3 2025.
Ballard Power Systems (BLDP) EBITDA Margin (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported EBITDA Margin for 17 consecutive years, with 34.48% the latest figure, recorded in Q4 2025.
- In Q4 2025, EBITDA Margin fell 11233.0% year-over-year to 34.48%; the TTM figure through Dec 2025 stood at 125.59% (down 21178.0% YoY), while the FY2025 annual figure was 101.57%, down 13955.0% from the prior year.
- EBITDA Margin fell to 34.48% in Q4 2025 per BLDP's latest filing, from 535.16% in the prior quarter.
- Across five years, EBITDA Margin topped out at 1358.86% in Q3 2024 and bottomed at 18465.22% in Q4 2021.
- Historically, EBITDA Margin has averaged 765.96% across 5 years, with a median of 132.36% in 2022.
- Annual changes were most pronounced in 2021 — EBITDA Margin tumbled 1832899 bps — and 2022, when it soared 1821502 bps.
- Ballard Power Systems' EBITDA Margin stood at 18465.22% in 2021, then surged by 99 bps to 250.19% in 2022, then jumped by 244 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.
- Business Quant data shows BLDP's EBITDA Margin at 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 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 19.48% |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 17.11% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 20.44% |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 20.36% |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 16.57% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 16.14% |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 20.55% |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 16.18% |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 23.87% |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn | 47.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -282.43% |
| Dec 31, 2025 | 34.48% |
| Sep 30, 2025 | 535.16% |
| Jun 30, 2025 | -186.08% |
| Mar 31, 2025 | -178.91% |
| Dec 31, 2024 | 146.82% |
| Sep 30, 2024 | 1,358.86% |
| Jun 30, 2024 | 221.06% |
| Mar 31, 2024 | -253.54% |
| Dec 31, 2023 | 359.64% |
| 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% |
| Jun 30, 2021 | 78.92% |