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Ballard Power Systems (BLDP) Gross Margin (2016 - 2025)

Ballard Power Systems has reported Gross Margin over the past 17 years, most recently at 16.77% for Q4 2025.

  • Quarterly Gross Margin rose 372.0% to 16.77% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 5.53% through Dec 2025, up 2784.0% year-over-year, with the annual reading at 5.53% for FY2025, 2601.0% down from the prior year.
  • Gross Margin was 16.77% for Q4 2025 at Ballard Power Systems, up from 15.27% in the prior quarter.
  • Over five years, Gross Margin peaked at 3457.25% in Q4 2021 and troughed at 55.68% in Q3 2024.
  • The 5-year median for Gross Margin is 5.12% (2021), against an average of 168.97%.
  • Year-over-year, Gross Margin skyrocketed 343752bps in 2021 and then crashed -349032bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 3457.25% in 2021, then crashed by -101bps to 33.08% in 2022, then surged by 242bps to 47.06% in 2023, then crashed by -72bps to 13.05% in 2024, then rose by 28bps to 16.77% in 2025.
  • Per Business Quant, the three most recent readings for BLDP's Gross Margin are 16.77% (Q4 2025), 15.27% (Q3 2025), and 8.38% (Q2 2025).