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| Date | Value |
|---|---|
| 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 |