Ballard Power Systems (BLDP) Enterprise Value (2009 - 2025)

Ballard Power Systems' (BLDP) quarterly Enterprise Value came in at -$531.3 million in Q4 2025, up 12.34% year-on-year from -$472.9 million in Q4 2024, and down 0.64% on a QoQ basis from -$527.9 million in Q3 2025.

Ballard Power Systems (BLDP) Enterprise Value (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Enterprise Value data on file, last reported at -$531.3 million in Q4 2025.

  • On a quarterly basis, Enterprise Value rose 12.34% year-over-year to -$531.3 million in Q4 2025; TTM through Dec 2025 was -$531.3 million, a 12.34% increase from a year earlier, with the FY2025 full-year figure at -$531.3 million, up 12.34% from the prior year.
  • Enterprise Value for Q4 2025 stood at -$531.3 million, down from -$527.9 million in the prior quarter.
  • Over the last five years, Enterprise Value for BLDP reached as high as -$527.9 million in Q3 2025 and fell as low as -$1.3 billion in Q1 2021.
  • Historically, Enterprise Value has averaged -$843.7 million across 5 years, with a median of -$800.0 million in 2023.
  • Across the five-year window, Enterprise Value tumbled 632.13% in 2021 and climbed 21.88% in 2022, its largest moves.
  • Year by year, Enterprise Value stood at -$1.1 billion in 2021, then grew by 18.74% to -$915.7 million in 2022, then grew by 17.74% to -$753.2 million in 2023, then climbed by 19.54% to -$606.1 million in 2024, then rose by 12.34% to -$531.3 million in 2025.
  • Per Business Quant data, the three most recent Enterprise Value figures were -$531.3 million in Q4 2025, -$527.9 million in Q3 2025, and -$552.1 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn -23.54 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn -2.50 Bn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn -2.47 Bn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn -506.30 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn -190.00 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn -699.50 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn -411.90 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn -544.89 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn -435.09 Mn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn -531.25 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -531.25 Mn
Sep 30, 2025 -527.85 Mn
Jun 30, 2025 -552.15 Mn
Mar 31, 2025 -578.80 Mn
Dec 31, 2024 -606.05 Mn
Sep 30, 2024 -637.22 Mn
Jun 30, 2024 -680.14 Mn
Mar 31, 2024 -722.78 Mn
Dec 31, 2023 -753.24 Mn
Sep 30, 2023 -783.00 Mn
Jun 30, 2023 -817.07 Mn
Mar 31, 2023 -865.78 Mn
Dec 31, 2022 -915.74 Mn
Sep 30, 2022 -957.43 Mn
Jun 30, 2022 -1.00 Bn
Mar 31, 2022 -1.07 Bn
Dec 31, 2021 -1.13 Bn
Sep 30, 2021 -1.23 Bn
Jun 30, 2021 -1.25 Bn
Mar 31, 2021 -1.27 Bn