Ballard Power Systems (BLDP) Enterprise Value (2009 - 2025)
Ballard Power Systems (BLDP) reported Enterprise Value of -$531.3 million for Q4 2025, up 12.33% year-over-year from -$473.0 million in Q4 2024, and down 0.65% quarter-over-quarter 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.
- Enterprise Value for Q4 2025 came in at -$531.3 million, up 12.33% year-over-year; the trailing twelve-month figure through Dec 2025 was -$531.3 million (up 12.33% YoY), and the FY2025 annual result was -$531.3 million, up 12.33% from the prior year.
- Enterprise Value slipped to -$531.3 million in Q4 2025 per BLDP's latest filing, from -$527.9 million in the prior quarter.
- Over five years, Enterprise Value peaked at -$527.9 million in Q3 2025 and troughed at -$1.3 billion in Q2 2021.
- A 5-year average of -$811.4 million and a median of -$766.0 million in 2021 frame the typical range for Enterprise Value.
- The sharpest annual moves came in 2021 and 2024: Enterprise Value sank 634.53% in 2021, then surged 30.41% in 2024.
- A 5-year view of Enterprise Value shows it stood at -$1.1 billion in 2021, then gained by 18.74% to -$915.7 million in 2022, then gained by 17.74% to -$753.2 million in 2023, then rose by 19.54% to -$606.1 million in 2024, then advanced by 12.33% to -$531.3 million in 2025.
- Business Quant data shows BLDP's Enterprise Value at -$531.3 million in Q4 2025, -$527.9 million in Q3 2025, and -$606.1 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | -49.78 Mn |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | -2.50 Bn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | -2.47 Bn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | -190.00 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | -506.30 Mn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | -1.90 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | -531.30 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | -544.89 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | -272.50 Mn |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn | -435.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -531.30 Mn |
| Sep 30, 2025 | -527.85 Mn |
| Jun 30, 2025 | -606.06 Mn |
| Mar 31, 2025 | -578.80 Mn |
| Dec 31, 2024 | -606.05 Mn |
| Sep 30, 2024 | -637.22 Mn |
| Jun 30, 2024 | -753.24 Mn |
| Mar 31, 2024 | -722.78 Mn |
| Dec 31, 2023 | -753.24 Mn |
| Sep 30, 2023 | -915.74 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 | -1.13 Bn |
| Dec 31, 2021 | -1.13 Bn |
| Sep 30, 2021 | -766.64 Mn |
| Jun 30, 2021 | -1.25 Bn |
| Mar 31, 2021 | -765.43 Mn |