Ballard Power Systems (BLDP) EBITDA Margin (2009 - 2026)
Ballard Power Systems (BLDP) recorded EBITDA Margin of -76.90% in the quarter ended Jun 30, 2026, up 103.78 percentage points from -180.67% a year earlier but down 11.70 percentage points from the prior quarter.
Ballard Power Systems (BLDP) EBITDA Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Ballard Power Systems' EBITDA Margin came in at -63.60% as of Jun 30, 2026, up 67.61 percentage points year-over-year; for the year ended Dec 31, 2025, it was -100.03%, up 146.26 percentage points from the prior year.
- Annual EBITDA Margin has a five-year change of -69.03 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, EBITDA Margin came in at -246.29% in the year ended Dec 31, 2024 (-99.96 pp), -146.33% in the year ended Dec 31, 2023 (+14.89 pp), -161.22% in the year ended Dec 31, 2022 (-86.24 pp) and -74.97% in the year ended Dec 31, 2021 (-43.97 pp).
- Quarterly EBITDA Margin has ranged from -404.26% in the quarter ended Sep 30, 2024 to 185.91% in the quarter ended Sep 30, 2022 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in six of the last eight quarters, with an average year-over-year change of +40.83 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 340.33 percentage points in the quarter ended Jun 30, 2023, against a drop of 5767.06 percentage points in the quarter ended Dec 31, 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -65.20% (quarter ended Mar 31, 2026), -30.08% (quarter ended Dec 31, 2025) and -88.92% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 240.66 Bn | 200.57 Bn | 2.36 Bn | 9.65% |
| 2 | Bloom Energy | 64.09 Bn | 55.88 Bn | 355.57 Mn | 18.71% |
| 3 | First Solar | 18.89 Bn | 9.84 Bn | 605.00 Mn | 56.64% |
| 4 | BWX Technologies | 12.29 Bn | 10.59 Bn | 202.31 Mn | 16.14% |
| 5 | Nextpower | 11.98 Bn | 7.87 Bn | 335.85 Mn | 21.35% |
| 6 | Generac Holdings | 11.42 Bn | 10.25 Bn | 521.81 Mn | 25.58% |
| 7 | EnerSys | 6.23 Bn | 4.42 Bn | 313.36 Mn | 19.49% |
| 8 | Enphase Energy | 4.21 Bn | -644.23 Mn | 175.01 Mn | 24.68% |
| 9 | Mirion Technologies | 3.73 Bn | 1.57 Bn | 133.10 Mn | 21.74% |
| 10 | Ballard Power Systems | 459.24 Mn | -1.63 Bn | 4.08 Mn | 9.84% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.84% |
| Mar 31, 2026 | -65.20% |
| Dec 31, 2025 | 82.78% |
| Sep 30, 2025 | -88.92% |
| Jun 30, 2025 | -180.67% |
| Mar 31, 2025 | -182.88% |
| Dec 31, 2024 | 8.25% |
| Sep 30, 2024 | -403.55% |
| Jun 30, 2024 | 12.65% |
| Mar 31, 2024 | -270.50% |
| Dec 31, 2023 | 4.33% |
| Sep 30, 2023 | 7.48% |
| Jun 30, 2023 | 13.21% |
| Mar 31, 2023 | -289.10% |
| Dec 31, 2022 | -21.81% |
| Sep 30, 2022 | 9.47% |
| Jun 30, 2022 | 9.66% |
| Mar 31, 2022 | 9.61% |
| Dec 31, 2021 | 5.51% |
| Sep 30, 2021 | 8.01% |
Ballard Power Systems EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "BLDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();