Ballard Power Systems BLDP
NASDAQ BLDP
$2.36 -0.01 (-0.42%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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