Ballard Power Systems (BLDP) Inventory Average (2009 - 2026)
Ballard Power Systems (BLDP) posted quarterly Inventory Average of $51.8 million for Q4 2025, down 16.14% year-over-year from $61.8 million in Q4 2024, and down 19.5% quarter-over-quarter from $64.4 million in Q3 2025.
Ballard Power Systems (BLDP) Inventory Average (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Inventory Average for 17 consecutive years, with $51.8 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Inventory Average fell 16.14% year-over-year to $51.8 million; the TTM figure through Dec 2025 stood at $51.8 million (down 16.14% YoY), while the FY2025 annual figure was $50.1 million, down 2.05% from the prior year.
- Inventory Average declined to $51.8 million in Q4 2025 per BLDP's latest filing, from $64.4 million in the prior quarter.
- Across five years, Inventory Average topped out at $71.9 million in Q3 2023 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Inventory Average soared 77.27% — and 2024, when it slipped 16.94%.
- Ballard Power Systems' Inventory Average stood at $51.0 million in 2021, then increased by 14.42% to $58.3 million in 2022, then dropped by 0.36% to $58.1 million in 2023, then advanced by 6.3% to $61.8 million in 2024, then fell by 16.14% to $51.8 million in 2025.
- Business Quant data shows BLDP's Inventory Average at $51.8 million in Q4 2025, $64.4 million in Q3 2025, and $67.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 2.18 Bn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 745.36 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 517.20 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 1.20 Bn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 498.40 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 486.75 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 90.84 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 731.67 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 231.89 Mn |
| 10 | Ballard Power Systems | 716.03 Mn | 210.88 Mn | 4.08 Mn | 43.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 43.05 Mn |
| 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 |