Ballard Power Systems BLDP
NASDAQ BLDP
$2.22 -0.13 (-5.72%)
As of: Sep 10, 2026 · 3:59 PM EDT

Ballard Power Systems (BLDP) Net Margin (2009 - 2026)

Ballard Power Systems' (BLDP) quarterly Net Margin came in at 98.21% in Q2 2026, up 3760.0% year-over-year from 2.54% in Q2 2025, and down 86.03% quarter-over-quarter from 52.79% in Q1 2026.

Analysis

Ballard Power Systems (BLDP) Net Margin (2009 - 2026) Analysis & Trends

Ballard Power Systems (BLDP) has reported Net Margin for 18 consecutive years, with 98.21% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Net Margin rose 3760.0% year-over-year to 98.21% in Q2 2026; TTM through Jun 2026 was 71.67%, a 33757.0% increase from a year earlier, with the FY2025 full-year figure at 91.39%, up 37326.0% from the prior year.
  • Net Margin was 98.21% for Q2 2026 at Ballard Power Systems, down from 52.79% in the prior quarter.
  • Over five years, Net Margin peaked at 52.1% in Q4 2025 and troughed at 1389.39% in Q3 2024.
  • A 5-year average of 235.72% and a median of 191.68% in 2022 frame the typical range for Net Margin.
  • Across the five-year window, Net Margin jumped 3159591 bps in 2022 and plunged 115874 bps in 2024, its largest moves.
  • Over 5 years, Net Margin stood at 166.41% in 2022, then jumped by 34 bps to 109.62% in 2023, then plunged by 73 bps to 189.52% in 2024, then soared by 73 bps to 52.1% in 2025, then plunged by 88 bps to 98.21% in 2026.
  • The last three Net Margin figures came in at 98.21% (Q2 2026), 52.79% (Q1 2026), and 52.1% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Bloom Energy 74.04 Bn 71.37 Bn 355.57 Mn 18.42%
2 Fuelcell Energy 33.44 Bn 32.78 Bn -24.50 Mn -137.17%
3 Ballard Power Systems 667.85 Mn 162.70 Mn 4.08 Mn -98.21%
4 Sunhydrogen 89.43 Mn 89.43 Mn -45,724.00 -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -98.21%
Mar 31, 2026 -52.79%
Dec 31, 2025 -52.10%
Sep 30, 2025 -86.37%
Jun 30, 2025 -135.81%
Mar 31, 2025 -136.47%
Dec 31, 2024 -189.52%
Sep 30, 2024 -1,389.39%
Jun 30, 2024 -195.76%
Mar 31, 2024 -285.23%
Dec 31, 2023 -109.62%
Sep 30, 2023 -230.65%
Jun 30, 2023 -196.53%
Mar 31, 2023 -257.63%
Dec 31, 2022 -166.41%
Sep 30, 2022 -200.91%
Jun 30, 2022 -265.69%
Mar 31, 2022 -193.83%
Dec 31, 2021 -31,762.32%
Sep 30, 2021 -122.30%