Ballard Power Systems (BLDP) Inventory Average (2009 - 2025)
Ballard Power Systems (BLDP) reported Inventory Average of $18.8 million for Q4 2025, down 69.52% year-over-year from $61.8 million in Q4 2024, and down 39.99% quarter-over-quarter from $31.4 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 $18.8 million in Q4 2025.
- Inventory Average for Q4 2025 came in at $18.8 million, down 69.52% year-over-year; the trailing twelve-month figure through Dec 2025 was $18.8 million (down 69.52% YoY), and the FY2025 annual result was $50.1 million, down 2.05% from the prior year.
- Inventory Average declined to $18.8 million in Q4 2025 per BLDP's latest filing, from $31.4 million in the prior quarter.
- Over five years, Inventory Average peaked at $61.8 million in Q4 2024 and troughed at -$13.7 million in Q2 2024.
- A 5-year average of $29.5 million and a median of $25.7 million in 2022 frame the typical range for Inventory Average.
- The sharpest annual moves came in 2022 and 2024: Inventory Average soared 3607.17% in 2022, then slumped 159.2% in 2024.
- A 5-year view of Inventory Average shows it stood at $51.0 million in 2021, then slumped by 50.06% to $25.5 million in 2022, then jumped by 128.27% to $58.1 million in 2023, then gained by 6.3% to $61.8 million in 2024, then plunged by 69.52% to $18.8 million in 2025.
- Business Quant data shows BLDP's Inventory Average at $18.8 million in Q4 2025, $31.4 million in Q3 2025, and $30.1 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | 1.97 Mn |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 1.65 Bn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 687.92 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 491.95 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn | 1.11 Bn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn | 434.95 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn | 18.84 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn | 85.63 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn | 516.65 Mn |
| 10 | EnerSys | 8.48 Bn | 8.04 Bn | 290.87 Mn | 760.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 18.84 Mn |
| Sep 30, 2025 | 31.39 Mn |
| Jun 30, 2025 | 30.06 Mn |
| Mar 31, 2025 | 23.83 Mn |
| Dec 31, 2024 | 61.79 Mn |
| Sep 30, 2024 | 25.13 Mn |
| Jun 30, 2024 | -13.66 Mn |
| Mar 31, 2024 | 17.73 Mn |
| Dec 31, 2023 | 58.13 Mn |
| Sep 30, 2023 | 26.07 Mn |
| Jun 30, 2023 | 23.08 Mn |
| Mar 31, 2023 | 61.23 Mn |
| Dec 31, 2022 | 25.47 Mn |
| Sep 30, 2022 | 25.93 Mn |
| Jun 30, 2022 | 58.25 Mn |
| Mar 31, 2022 | 54.52 Mn |
| Dec 31, 2021 | 50.99 Mn |
| Sep 30, 2021 | 20.09 Mn |
| Jun 30, 2021 | -7.38 Mn |
| Mar 31, 2021 | -1.55 Mn |