Ballard Power Systems (BLDP) EBT Margin (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly EBT Margin came in at 52.02% in Q4 2025, up 13742.0% year-on-year from N/an in Q4 2024, and up 39.76% on a QoQ basis 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.

  • On a quarterly basis, EBT Margin rose 13742.0% year-over-year to 52.02% in Q4 2025; TTM through Dec 2025 was 91.44%, a 37236.0% increase from a year earlier, with the FY2025 full-year figure at 91.44%, up 37236.0% from the prior year.
  • EBT Margin for Q4 2025 stood at 52.02%, up from 86.37% in the prior quarter.
  • Over the last five years, EBT Margin for BLDP reached as high as 52.02% in Q4 2025 and fell as low as 31934.78% in Q4 2021.
  • Historically, EBT Margin has averaged 1811.36% across 5 years, with a median of 186.52% in 2023.
  • Across the five-year window, EBT Margin tumbled 3188425 bps in 2021 and soared 3174279 bps in 2022, its largest moves.
  • Year by year, EBT Margin stood at 31934.78% in 2021, then jumped by 99 bps to 191.99% in 2022, then soared by 46 bps to 104.49% in 2023, then sank by 81 bps to 189.45% in 2024, then surged by 73 bps to 52.02% in 2025.
  • Per Business Quant data, the three most recent EBT Margin figures were 52.02% in Q4 2025, 86.37% in Q3 2025, and 135.95% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 10.84%
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 16.54%
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 9.87%
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 15.59%
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 14.24%
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 13.70%
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn -0.90%
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 20.83%
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 10.03%
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn -52.02%

Historic Data

Download Data
DateValue
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%
Mar 31, 2021 -100.98%