Ballard Power Systems (BLDP) Gross Margin (2009 - 2025)

Ballard Power Systems (BLDP) has 17 years of Gross Margin data on file, last reported at 16.77% in Q4 2025.

• On a quarterly basis, Gross Margin rose 372.0% year-over-year to 16.77% in Q4 2025; TTM through Dec 2025 was 5.53%, a 2784.0% increase from a year earlier, with the FY2025 full-year figure at 5.53%, down 2601.0% from the prior year.
• Gross Margin for Q4 2025 stood at 16.77%, up from 15.27% in the prior quarter.
• Over the last five years, Gross Margin for BLDP reached as high as 3457.25% in Q4 2021 and fell as low as 55.68% in Q3 2024.
• Historically, Gross Margin has averaged 168.97% across 5 years, with a median of 5.12% in 2021.
• Across the five-year window, Gross Margin surged 343752 bps in 2021 and sank 349032 bps in 2022, its largest moves.
• Year by year, Gross Margin stood at 3457.25% in 2021, then tumbled by 101 bps to 33.08% in 2022, then surged by 242 bps to 47.06% in 2023, then tumbled by 72 bps to 13.05% in 2024, then climbed by 28 bps to 16.77% in 2025.
• Per Business Quant data, the three most recent Gross Margin figures were 16.77% in Q4 2025, 15.27% in Q3 2025, and 8.38% in Q2 2025.