Ballard Power Systems BLDP
NASDAQ BLDP
$2.22 -0.13 (-5.72%)
As of: Sep 10, 2026 · 3:59 PM EDT

Ballard Power Systems (BLDP) FCF Margin (2009 - 2026)

Ballard Power Systems' (BLDP) quarterly FCF Margin came in at 94.66% in Q2 2026, up 677.0% year-over-year from 12.18% in Q2 2025, and down 154.57% quarter-over-quarter from 37.19% in Q1 2026.

Analysis

Ballard Power Systems (BLDP) FCF Margin (2009 - 2026) Analysis & Trends

Ballard Power Systems (BLDP) has reported FCF Margin for 18 consecutive years, with 94.66% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, FCF Margin rose 677.0% year-over-year to 94.66% in Q2 2026; TTM through Jun 2026 was 31.06%, a 78560.0% decrease from a year earlier, with the FY2025 full-year figure at 46.62%, up 7134.0% from the prior year.
  • FCF Margin was 94.66% for Q2 2026 at Ballard Power Systems, down from 37.19% in the prior quarter.
  • Over five years, FCF Margin peaked at 2466.04% in Q4 2024 and troughed at 207.55% in Q2 2024.
  • A 5-year average of 178.96% and a median of 91.27% in 2024 frame the typical range for FCF Margin.
  • Across the five-year window, FCF Margin slumped 2576661 bps in 2022 and jumped 141472 bps in 2023, its largest moves.
  • Over 5 years, FCF Margin stood at 193.53% in 2022, then soared by 731 bps to 1608.25% in 2023, then soared by 53 bps to 2466.04% in 2024, then plunged by 98 bps to 45.21% in 2025, then plunged by 309 bps to 94.66% in 2026.
  • The last three FCF Margin figures came in at 94.66% (Q2 2026), 37.19% (Q1 2026), and 45.21% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Bloom Energy 74.04 Bn 71.37 Bn 355.57 Mn 14.64%
2 Fuelcell Energy 33.44 Bn 32.78 Bn -24.50 Mn -40.99%
3 Ballard Power Systems 667.85 Mn 162.70 Mn 4.08 Mn -94.66%
4 Sunhydrogen 89.43 Mn 89.43 Mn -45,724.00 -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -94.66%
Mar 31, 2026 -37.19%
Dec 31, 2025 45.21%
Sep 30, 2025 -66.03%
Jun 30, 2025 -101.43%
Mar 31, 2025 -142.78%
Dec 31, 2024 2,466.04%
Sep 30, 2024 -118.64%
Jun 30, 2024 -207.55%
Mar 31, 2024 -87.87%
Dec 31, 2023 1,608.25%
Sep 30, 2023 106.91%
Jun 30, 2023 280.79%
Mar 31, 2023 -188.16%
Dec 31, 2022 193.53%
Sep 30, 2022 -110.86%
Jun 30, 2022 -144.70%
Mar 31, 2022 -179.60%
Dec 31, 2021 25,960.14%
Sep 30, 2021 -48.62%