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

Ballard Power Systems' (BLDP) quarterly Inventory came in at $43.8 million in Q4 2025, down 22.42% year-on-year from $56.4 million in Q4 2024, and down 26.89% on a QoQ basis from $59.9 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.

  • On a quarterly basis, Inventory fell 22.42% year-over-year to $43.8 million in Q4 2025; TTM through Dec 2025 was $43.8 million, a 22.42% decrease from a year earlier, with the FY2025 full-year figure at $43.8 million, down 22.42% from the prior year.
  • Inventory for Q4 2025 stood at $43.8 million, down from $59.9 million in the prior quarter.
  • Over the last five years, Inventory for BLDP reached as high as $73.4 million in Q2 2023 and fell as low as $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.
  • Across the five-year window, Inventory surged 80.63% in 2021 and dropped 22.42% in 2025, its largest moves.
  • Year by year, Inventory stood at $51.5 million in 2021, then advanced by 12.68% to $58.0 million in 2022, then retreated by 20.98% to $45.9 million in 2023, then advanced by 22.99% to $56.4 million in 2024, then fell by 22.42% to $43.8 million in 2025.
  • Per Business Quant data, the three most recent Inventory figures were $43.8 million in Q4 2025, $59.9 million in Q3 2025, and $68.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 15.01 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 1.83 Bn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 732.53 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 1.14 Bn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 512.00 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 458.70 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 458.30 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 86.30 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 724.69 Mn
10 Ballard Power Systems 895.53 Mn 364.27 Mn 5.64 Mn 43.77 Mn

Historic Data

Download Data
DateValue
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
Mar 31, 2021 32.99 Mn