Ballard Power Systems (BLDP) EBT Margin (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly 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 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported EBT Margin for 17 consecutive years, with 52.02% the latest figure, recorded in Q4 2025.
- In Q4 2025, EBT Margin rose 13742.0% year-over-year to 52.02%; the TTM figure through Dec 2025 stood at 91.44% (up 37236.0% YoY), while the FY2025 annual figure was 91.44%, up 37236.0% from the prior year.
- EBT Margin rose to 52.02% in Q4 2025 per BLDP's latest filing, from 86.37% in the prior quarter.
- Across five years, EBT Margin topped out at 52.02% in Q4 2025 and bottomed at 31934.78% in Q4 2021.
- Historically, EBT Margin has averaged 1811.36% across 5 years, with a median of 186.52% in 2023.
- Annual changes were most pronounced in 2021 — EBT Margin sank 3188425 bps — and 2022, when it surged 3174279 bps.
- Ballard Power Systems' EBT Margin stood at 31934.78% in 2021, then surged by 99 bps to 191.99% in 2022, then jumped by 46 bps to 104.49% in 2023, then sank by 81 bps to 189.45% in 2024, then soared 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 18.94% |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 18.80% |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 19.17% |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 17.74% |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 11.60% |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 15.46% |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 22.17% |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 14.43% |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 18.61% |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn | -98.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -98.33% |
| 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 | -191.99% |
| 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% |