Ballard Power Systems (BLDP) FCF Margin (2009 - 2026)
Ballard Power Systems (BLDP) posted FCF Margin of 59.40% for the quarter ended Jun 30, 2026, down 66.91 percentage points from 126.31% a year earlier but up 96.59 percentage points from the prior quarter.
Ballard Power Systems (BLDP) FCF Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Ballard Power Systems was -1.17%, down 818.37 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at -46.62%, up 71.34 percentage points from the prior year.
- Annual FCF Margin shows a five-year change of -17.43 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Ballard Power Systems' FCF Margin was -117.95% in the year ended Dec 31, 2024 (-56.06 pp), -61.89% in the year ended Dec 31, 2023 (+58.12 pp), -120.01% in the year ended Dec 31, 2022 (-209.63 pp) and 89.62% in the year ended Dec 31, 2021 (+118.80 pp).
- Quarterly FCF Margin has run from a low of -188.16% in the quarter ended Mar 31, 2023 to a high of 5008.06% in the quarter ended Dec 31, 2022 over five years.
- On a year-over-year basis, FCF Margin increased in three of the last eight quarters, with an average year-over-year change of -233.89 percentage points.
- The strongest year-over-year quarter for FCF Margin in the past five years was the quarter ended Dec 31, 2022, with a gain of 4910.46 percentage points; the weakest was the quarter ended Dec 31, 2021, with a drop of 6969.29 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was -37.19% (quarter ended Mar 31, 2026), 45.21% (quarter ended Dec 31, 2025) and -66.03% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 243.42 Bn | 203.34 Bn | 2.36 Bn | 45.98% |
| 2 | Bloom Energy | 64.86 Bn | 56.65 Bn | 355.57 Mn | 16.41% |
| 3 | First Solar | 18.49 Bn | 9.44 Bn | 605.00 Mn | -28.99% |
| 4 | BWX Technologies | 12.47 Bn | 10.77 Bn | 202.31 Mn | 12.75% |
| 5 | Nextpower | 12.04 Bn | 7.93 Bn | 335.85 Mn | 11.25% |
| 6 | Generac Holdings | 11.40 Bn | 10.23 Bn | 521.81 Mn | 5.36% |
| 7 | EnerSys | 6.16 Bn | 4.36 Bn | 313.36 Mn | 23.27% |
| 8 | Enphase Energy | 4.04 Bn | -817.10 Mn | 175.01 Mn | 8.88% |
| 9 | Mirion Technologies | 3.66 Bn | 1.50 Bn | 133.10 Mn | 18.03% |
| 10 | Ballard Power Systems | 457.74 Mn | -1.63 Bn | 4.08 Mn | -94.66% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -94.66% |
| Mar 31, 2026 | -37.19% |
| Dec 31, 2025 | -13.32% |
| Sep 30, 2025 | -66.03% |
| Jun 30, 2025 | -101.43% |
| Mar 31, 2025 | -142.78% |
| Dec 31, 2024 | 2,274.79% |
| Sep 30, 2024 | -118.64% |
| Jun 30, 2024 | -207.55% |
| Mar 31, 2024 | -87.87% |
| Dec 31, 2023 | 1,446.00% |
| Sep 30, 2023 | 106.91% |
| Jun 30, 2023 | 280.79% |
| Mar 31, 2023 | -188.16% |
| Dec 31, 2022 | -401.08% |
| Sep 30, 2022 | -110.86% |
| Jun 30, 2022 | -144.70% |
| Mar 31, 2022 | -179.60% |
| Dec 31, 2021 | 25.91% |
| Sep 30, 2021 | -48.62% |
Ballard Power Systems FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "BLDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();