Ballard Power Systems (BLDP) Inventory (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Inventory of $43.8 million for Q4 2025, down 22.42% year-over-year from $56.4 million in Q4 2024, and down 26.89% quarter-over-quarter from $59.9 million in Q3 2025.
Ballard Power Systems (BLDP) Inventory (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Inventory for 17 consecutive years, with $43.8 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Inventory fell 22.42% year-over-year to $43.8 million; the TTM figure through Dec 2025 stood at $43.8 million (down 22.42% YoY), while the FY2025 annual figure was $43.8 million, down 22.42% from the prior year.
- Inventory fell to $43.8 million in Q4 2025 per BLDP's latest filing, from $59.9 million in the prior quarter.
- Across five years, Inventory topped out at $73.4 million in Q2 2023 and bottomed at $33.0 million in Q1 2021.
- Historically, Inventory has averaged $57.0 million across 5 years, with a median of $58.3 million in 2022.
- Annual changes were most pronounced in 2021 — Inventory jumped 80.63% — and 2025, when it fell 22.42%.
- Ballard Power Systems' Inventory stood at $51.5 million in 2021, then rose by 12.68% to $58.0 million in 2022, then declined by 20.98% to $45.9 million in 2023, then rose by 22.99% to $56.4 million in 2024, then dropped by 22.42% to $43.8 million in 2025.
- Business Quant data shows BLDP's Inventory at $43.8 million in Q4 2025, $59.9 million in Q3 2025, and $68.9 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 2.52 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 758.19 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 522.40 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 1.27 Bn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 538.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 458.30 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 95.37 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 738.65 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 234.74 Mn |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn | 42.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 42.34 Mn |
| Dec 31, 2025 | 43.77 Mn |
| Sep 30, 2025 | 59.87 Mn |
| Jun 30, 2025 | 68.87 Mn |
| Mar 31, 2025 | 65.12 Mn |
| Dec 31, 2024 | 56.42 Mn |
| Sep 30, 2024 | 67.17 Mn |
| Jun 30, 2024 | 62.04 Mn |
| Mar 31, 2024 | 55.84 Mn |
| Dec 31, 2023 | 45.87 Mn |
| Sep 30, 2023 | 70.39 Mn |
| Jun 30, 2023 | 73.37 Mn |
| Mar 31, 2023 | 64.41 Mn |
| Dec 31, 2022 | 58.05 Mn |
| Sep 30, 2022 | 58.64 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 | 38.82 Mn |