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

Ballard Power Systems (BLDP) has 17 years of Net Margin data on file, last reported at 52.1% in Q4 2025.

• Net Margin for Q4 2025 came in at 52.1%, changed N/A year-over-year; the trailing twelve-month figure through Dec 2025 was 91.44% (down 9042.0% YoY), and the FY2024 annual result was 1.03%, up 3171.0% from the prior year.
• Net Margin rose to 52.1% in Q4 2025 per BLDP's latest filing, from 86.37% in the prior quarter.
• Over five years, Net Margin peaked at 3.62% in Q4 2021 and troughed at 265.69% in Q2 2022.
• A 5-year average of 72.15% and a median of 32.2% in 2023 frame the typical range for Net Margin.
• The sharpest annual moves came in 2022 and 2023: Net Margin slumped 20089 bps in 2022, then jumped 25340 bps in 2023.
• A 5-year view of Net Margin shows it stood at 3.62% in 2021, then slumped by 2739 bps to 95.62% in 2022, then jumped by 95 bps to 5.05% in 2023, then soared by 35 bps to 3.3% in 2024, then plunged by 1479 bps to 52.1% in 2025.
• Business Quant data shows BLDP's Net Margin at 52.1% in Q4 2025, 86.37% in Q3 2025, and 135.81% in Q2 2025.