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| Date | Value |
|---|---|
| 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 |