Ballard Power Systems (BLDP) Inventory (2009 - 2025)

Ballard Power Systems (BLDP) reported Inventory of $43.8 million for Q4 2025, down 22.42% year-over-year from $56.4 million in Q4 2024, and up 818.13% quarter-over-quarter from -$6.1 million in Q3 2025.

Ballard Power Systems (BLDP) Inventory (2009 - 2025) Analysis & Trends

Ballard Power Systems (BLDP) has 17 years of Inventory data on file, last reported at $43.8 million in Q4 2025.

  • Inventory for Q4 2025 came in at $43.8 million, down 22.42% year-over-year; the trailing twelve-month figure through Dec 2025 was $43.8 million (down 22.42% YoY), and the FY2025 annual result was $43.8 million, down 22.42% from the prior year.
  • Inventory rose to $43.8 million in Q4 2025 per BLDP's latest filing, from -$6.1 million in the prior quarter.
  • Over five years, Inventory peaked at $70.4 million in Q3 2023 and troughed at -$18.3 million in Q2 2023.
  • A 5-year average of $30.6 million and a median of $48.2 million in 2021 frame the typical range for Inventory.
  • The sharpest annual moves came in 2021 and 2023: Inventory jumped 3702.07% in 2021, then tumbled 130.95% in 2023.
  • A 5-year view of Inventory shows it stood at $51.5 million in 2021, then increased by 12.68% to $58.0 million in 2022, then dropped by 20.98% to $45.9 million in 2023, then increased by 22.99% to $56.4 million in 2024, then slipped by 22.42% to $43.8 million in 2025.
  • Business Quant data shows BLDP's Inventory at $43.8 million in Q4 2025, -$6.1 million in Q3 2025, and $68.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - 2.18 Mn
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 1.83 Bn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 732.53 Mn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 512.00 Mn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 1.14 Bn
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 458.70 Mn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn 43.77 Mn
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 86.30 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 515.20 Mn
10 EnerSys 8.48 Bn 8.04 Bn 290.87 Mn 724.69 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 43.77 Mn
Sep 30, 2025 -6.10 Mn
Jun 30, 2025 68.87 Mn
Mar 31, 2025 -8.75 Mn
Dec 31, 2024 56.42 Mn
Sep 30, 2024 67.17 Mn
Jun 30, 2024 -16.91 Mn
Mar 31, 2024 -10.41 Mn
Dec 31, 2023 45.87 Mn
Sep 30, 2023 70.39 Mn
Jun 30, 2023 -18.25 Mn
Mar 31, 2023 64.41 Mn
Dec 31, 2022 58.05 Mn
Sep 30, 2022 -7.12 Mn
Jun 30, 2022 58.97 Mn
Mar 31, 2022 57.52 Mn
Dec 31, 2021 51.52 Mn
Sep 30, 2021 50.47 Mn
Jun 30, 2021 -10.30 Mn
Mar 31, 2021 -4.46 Mn