Ballard Power Systems (BLDP) Net Margin (2009 - 2025)

Ballard Power Systems (BLDP) has 17 years of Net Margin data on file, last reported at 51.89% in Q4 2025.

• On a quarterly basis, Net Margin changed N/A year-over-year to 51.89% in Q4 2025; TTM through Dec 2025 was 91.37%, a 9034.0% decrease from a year earlier, with the FY2024 full-year figure at 1.03%, up 3171.0% from the prior year.
• Net Margin for Q4 2025 stood at 51.89%, up from 86.37% in the prior quarter.
• Over the last five years, Net Margin for BLDP reached as high as 0.0% in Q2 2021 and fell as low as 136.7% in Q1 2025.
• Historically, Net Margin has averaged 32.52% across 5 years, with a median of 3.3% in 2024.
• Across the five-year window, Net Margin jumped 9919 bps in 2024 and slumped 13581 bps in 2025, its largest moves.
• Year by year, Net Margin stood at 0.11% in 2021, then tumbled by 65027 bps to 70.79% in 2022, then jumped by 93 bps to 5.05% in 2023, then soared by 35 bps to 3.3% in 2024, then slumped by 1472 bps to 51.89% in 2025.
• Per Business Quant data, the three most recent Net Margin figures were 51.89% in Q4 2025, 86.37% in Q3 2025, and 135.81% in Q2 2025.