Ballard Power Systems (BLDP) EV to EBITDA (2009 - 2026)
Ballard Power Systems' (BLDP) quarterly EV to EBITDA came in at 11.43 in Q2 2026, down 603.32% year-over-year from 2.27 in Q2 2025, and down 189.3% quarter-over-quarter from 12.8 in Q1 2026.
Analysis
Ballard Power Systems (BLDP) EV to EBITDA (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported EV to EBITDA for 18 consecutive years, with 11.43 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 603.32% year-over-year to 11.43 in Q2 2026; TTM through Jun 2026 was 13.99, a 2987.53% decrease from a year earlier, with the FY2025 full-year figure at 2.31, up 455.75% from the prior year.
- EV to EBITDA was 11.43 for Q2 2026 at Ballard Power Systems, down from 12.8 in the prior quarter.
- Over five years, EV to EBITDA peaked at 86.99 in Q1 2022 and troughed at 11.43 in Q2 2026.
- A 5-year average of 10.24 and a median of 8.33 in 2023 frame the typical range for EV to EBITDA.
- The widest YoY moves for EV to EBITDA: up 1334.21% in 2025, down 1387.84% in 2025.
- Over 5 years, EV to EBITDA stood at 11.07 in 2022, then soared by 172.28% to 8.0 in 2023, then sank by 137.82% to 3.03 in 2024, then jumped by 414.97% to 9.53 in 2025, then tumbled by 219.88% to 11.43 in 2026.
- The last three EV to EBITDA figures came in at 11.43 (Q2 2026), 12.8 (Q1 2026), and 9.53 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bloom Energy | 77.62 Bn | 74.95 Bn | 355.57 Mn |
| 2 | Fuelcell Energy | 35.19 Bn | 34.53 Bn | -24.50 Mn |
| 3 | Ballard Power Systems | 706.87 Mn | 201.72 Mn | 4.08 Mn |
| 4 | Sunhydrogen | 93.29 Mn | 93.29 Mn | -45,724.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.43 |
| Mar 31, 2026 | 12.80 |
| Dec 31, 2025 | 9.53 |
| Sep 30, 2025 | -9.67 |
| Jun 30, 2025 | 2.27 |
| Mar 31, 2025 | 9.06 |
| Dec 31, 2024 | -3.03 |
| Sep 30, 2024 | 0.75 |
| Jun 30, 2024 | -0.18 |
| Mar 31, 2024 | -2.96 |
| Dec 31, 2023 | 8.00 |
| Sep 30, 2023 | 8.65 |
| Jun 30, 2023 | 14.18 |
| Mar 31, 2023 | 20.81 |
| Dec 31, 2022 | -11.07 |
| Sep 30, 2022 | 24.71 |
| Jun 30, 2022 | 24.96 |
| Mar 31, 2022 | 86.99 |
| Dec 31, 2021 | -102.51 |
| Sep 30, 2021 | 128.08 |