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

Ballard Power Systems' (BLDP) quarterly Inventory Average came in at $51.8 million in Q4 2025, down 16.14% year-on-year from $61.8 million in Q4 2024, and down 19.5% on a QoQ basis from $64.4 million in Q3 2025.

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

Ballard Power Systems (BLDP) has 17 years of Inventory Average data on file, last reported at $51.8 million in Q4 2025.

  • On a quarterly basis, Inventory Average fell 16.14% year-over-year to $51.8 million in Q4 2025; TTM through Dec 2025 was $51.8 million, a 16.14% decrease from a year earlier, with the FY2025 full-year figure at $50.1 million, down 2.05% from the prior year.
  • Inventory Average for Q4 2025 stood at $51.8 million, down from $64.4 million in the prior quarter.
  • Over the last five years, Inventory Average for BLDP reached as high as $71.9 million in Q3 2023 and fell as low as $30.8 million in Q1 2021.
  • Historically, Inventory Average has averaged $56.6 million across 5 years, with a median of $58.6 million in 2022.
  • Across the five-year window, Inventory Average jumped 77.27% in 2022 and retreated 16.94% in 2024, its largest moves.
  • Year by year, Inventory Average stood at $51.0 million in 2021, then gained by 14.42% to $58.3 million in 2022, then fell by 0.36% to $58.1 million in 2023, then grew by 6.3% to $61.8 million in 2024, then decreased by 16.14% to $51.8 million in 2025.
  • Per Business Quant data, the three most recent Inventory Average figures were $51.8 million in Q4 2025, $64.4 million in Q3 2025, and $67.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory Avg. (Qtr)
1 Electrovaya 413.55 Bn 413.53 Bn 6.04 Mn 14.39 Mn
2 Vertiv Holdings 109.26 Bn 106.76 Bn 999.70 Mn 1.65 Bn
3 Bloom Energy 53.01 Bn 50.51 Bn 225.54 Mn 687.92 Mn
4 Hubbell 26.33 Bn 25.81 Bn 505.30 Mn 1.11 Bn
5 nVent Electric 24.09 Bn 23.90 Bn 445.60 Mn 491.95 Mn
6 Advanced Energy Industries 10.99 Bn 10.29 Bn 200.90 Mn 434.95 Mn
7 Acuity Inc. (De) 10.14 Bn 9.72 Bn 606.40 Mn 486.75 Mn
8 Powell Industries 8.00 Bn 7.45 Bn 87.94 Mn 85.63 Mn
9 EnerSys 7.11 Bn 6.67 Bn 290.87 Mn 760.03 Mn
10 Ballard Power Systems 865.95 Mn 334.70 Mn 5.64 Mn 51.82 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 51.82 Mn
Sep 30, 2025 64.37 Mn
Jun 30, 2025 66.99 Mn
Mar 31, 2025 60.77 Mn
Dec 31, 2024 61.79 Mn
Sep 30, 2024 64.60 Mn
Jun 30, 2024 58.94 Mn
Mar 31, 2024 50.85 Mn
Dec 31, 2023 58.13 Mn
Sep 30, 2023 71.88 Mn
Jun 30, 2023 68.89 Mn
Mar 31, 2023 61.23 Mn
Dec 31, 2022 58.34 Mn
Sep 30, 2022 58.80 Mn
Jun 30, 2022 58.25 Mn
Mar 31, 2022 54.52 Mn
Dec 31, 2021 50.99 Mn
Sep 30, 2021 44.64 Mn
Jun 30, 2021 35.90 Mn
Mar 31, 2021 30.75 Mn