Ballard Power Systems (BLDP) Income from Non-Controlling Interests (2010 - 2026)
Ballard Power Systems (BLDP) posted quarterly Income from Non-Controlling Interests of -$27.3 million for Q3 2025, up 86.62% year-over-year from -$14.6 million in Q3 2024, and down 20.69% quarter-over-quarter from -$22.6 million in Q2 2025.
Ballard Power Systems (BLDP) Income from Non-Controlling Interests (2010 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Income from Non-Controlling Interests for 11 consecutive years, with -$27.3 million the latest figure, recorded in Q3 2025.
- In Q3 2025, Income from Non-Controlling Interests rose 86.62% year-over-year to -$27.3 million; the TTM figure through Sep 2025 stood at -$274.0 million (up 19.47% YoY), while the FY2010 annual figure was -$3.9 million, changed N/A from the prior year.
- Income from Non-Controlling Interests declined to -$27.3 million in Q3 2025 per BLDP's latest filing, from -$22.6 million in the prior quarter.
- Across five years, Income from Non-Controlling Interests topped out at -$18.0 million in Q1 2021 and bottomed at -$203.6 million in Q3 2024.
- Historically, Income from Non-Controlling Interests has averaged -$46.0 million across 5 years, with a median of -$32.5 million in 2023.
- Annual changes were most pronounced in 2024 — Income from Non-Controlling Interests slumped 225.09% — and 2025, when it jumped 86.62%.
- Ballard Power Systems' Income from Non-Controlling Interests stood at -$30.9 million in 2021, then slumped by 47.44% to -$45.6 million in 2022, then slumped by 37.35% to -$62.6 million in 2023, then plunged by 225.09% to -$203.6 million in 2024, then surged by 86.62% to -$27.3 million in 2025.
- Business Quant data shows BLDP's Income from Non-Controlling Interests at -$27.3 million in Q3 2025, -$22.6 million in Q2 2025, and -$20.5 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inc. Minority (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | - |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 2.57 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 1.80 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | - |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | - |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | - |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | - |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -1.90 Mn |
| 10 | Ballard Power Systems | 725.08 Mn | 219.93 Mn | 4.08 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -20.32 Mn |
| Sep 30, 2025 | -27.25 Mn |
| Jun 30, 2025 | -22.58 Mn |
| Mar 31, 2025 | -20.51 Mn |
| Sep 30, 2024 | -203.63 Mn |
| Jun 30, 2024 | -31.74 Mn |
| Mar 31, 2024 | -42.19 Mn |
| Sep 30, 2023 | -62.64 Mn |
| Jun 30, 2023 | -32.46 Mn |
| Mar 31, 2023 | -33.78 Mn |
| Sep 30, 2022 | -45.61 Mn |
| Jun 30, 2022 | -57.35 Mn |
| Mar 31, 2022 | -40.52 Mn |
| Sep 30, 2021 | -30.93 Mn |
| Jun 30, 2021 | -21.36 Mn |
| Mar 31, 2021 | -18.00 Mn |
| Sep 30, 2020 | -10.54 Mn |
| Jun 30, 2020 | -11.37 Mn |
| Mar 31, 2020 | -14.34 Mn |
| Sep 30, 2019 | -9.87 Mn |