Ballard Power Systems (BLDP) EBT Margin (2009 - 2025)
Ballard Power Systems (BLDP) reported EBT Margin of 52.02% for Q4 2025, up 13742.0% year-over-year from N/an in Q4 2024, and up 39.76% quarter-over-quarter from 86.37% in Q3 2025.
Ballard Power Systems (BLDP) EBT Margin (2009 - 2025) Analysis & Trends
Ballard Power Systems (BLDP) has 17 years of EBT Margin data on file, last reported at 52.02% in Q4 2025.
- EBT Margin for Q4 2025 came in at 52.02%, up 13742.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 91.44% (up 37236.0% YoY), and the FY2025 annual result was 91.44%, up 37236.0% from the prior year.
- EBT Margin advanced to 52.02% in Q4 2025 per BLDP's latest filing, from 86.37% in the prior quarter.
- Over five years, EBT Margin peaked at 52.02% in Q4 2025 and troughed at 31934.78% in Q4 2021.
- A 5-year average of 1807.35% and a median of 160.14% in 2023 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2021 and 2022: EBT Margin sank 3188425 bps in 2021, then jumped 3182296 bps in 2022.
- A 5-year view of EBT Margin shows it stood at 31934.78% in 2021, then soared by 100 bps to 111.82% in 2022, then advanced by 7 bps to 104.49% in 2023, then plunged by 81 bps to 189.45% in 2024, then surged by 73 bps to 52.02% in 2025.
- Business Quant data shows BLDP's EBT Margin at 52.02% in Q4 2025, 86.37% in Q3 2025, and 135.95% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 16.54% |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 9.87% |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 14.24% |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 15.59% |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 13.70% |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | -52.02% |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 20.83% |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 11.64% |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn | 10.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -52.02% |
| Sep 30, 2025 | -86.37% |
| Jun 30, 2025 | -135.95% |
| Mar 31, 2025 | -136.70% |
| Dec 31, 2024 | -189.45% |
| Sep 30, 2024 | -1,386.09% |
| Jun 30, 2024 | -196.18% |
| Mar 31, 2024 | -283.91% |
| Dec 31, 2023 | -104.49% |
| Sep 30, 2023 | -128.24% |
| Jun 30, 2023 | -183.59% |
| Mar 31, 2023 | -244.57% |
| Dec 31, 2022 | -111.82% |
| Sep 30, 2022 | -202.88% |
| Jun 30, 2022 | -266.11% |
| Mar 31, 2022 | -192.88% |
| Dec 31, 2021 | -31,934.78% |
| Sep 30, 2021 | -122.29% |
| Jun 30, 2021 | -87.78% |
| Mar 31, 2021 | -100.98% |