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