Ballard Power Systems (BLDP) Enterprise Value (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Enterprise Value of -$531.3 million for Q4 2025, up 12.34% year-over-year from -$472.9 million in Q4 2024, and down 0.64% quarter-over-quarter from -$527.9 million in Q3 2025.
Ballard Power Systems (BLDP) Enterprise Value (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Enterprise Value for 17 consecutive years, with -$531.3 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Enterprise Value rose 12.34% year-over-year to -$531.3 million; the TTM figure through Dec 2025 stood at -$531.3 million (up 12.34% YoY), while the FY2025 annual figure was -$531.3 million, up 12.34% from the prior year.
- Enterprise Value retreated to -$531.3 million in Q4 2025 per BLDP's latest filing, from -$527.9 million in the prior quarter.
- Across five years, Enterprise Value topped out at -$527.9 million in Q3 2025 and bottomed at -$1.3 billion in Q1 2021.
- Historically, Enterprise Value has averaged -$844.0 million across 5 years, with a median of -$800.0 million in 2023.
- Annual changes were most pronounced in 2021 — Enterprise Value slumped 634.37% — and 2022, when it increased 21.88%.
- Ballard Power Systems' Enterprise Value stood at -$1.1 billion in 2021, then advanced by 18.74% to -$915.7 million in 2022, then advanced by 17.74% to -$753.2 million in 2023, then gained by 19.54% to -$606.1 million in 2024, then grew by 12.34% 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 -$552.1 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.03 Bn | 96.92 Bn | 1.23 Bn | -3.11 Bn |
| 2 | Bloom Energy | 58.07 Bn | 55.40 Bn | 355.57 Mn | -2.64 Bn |
| 3 | Hubbell | 25.09 Bn | 24.69 Bn | 613.00 Mn | -383.60 Mn |
| 4 | nVent Electric | 24.97 Bn | 24.71 Bn | 558.00 Mn | -256.00 Mn |
| 5 | Advanced Energy Industries | 11.19 Bn | 9.77 Bn | 236.10 Mn | -1.42 Bn |
| 6 | Acuity Inc. (De) | 10.42 Bn | 10.00 Bn | 606.40 Mn | -411.90 Mn |
| 7 | Powell Industries | 7.17 Bn | 6.53 Bn | 95.30 Mn | -633.56 Mn |
| 8 | EnerSys | 6.94 Bn | 6.41 Bn | 313.36 Mn | -527.02 Mn |
| 9 | Hayward Holdings | 3.20 Bn | 2.72 Bn | 155.05 Mn | -483.38 Mn |
| 10 | Ballard Power Systems | 729.60 Mn | 224.45 Mn | 4.08 Mn | -505.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -505.15 Mn |
| 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 | -1.01 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 |