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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |